# EDGAR Filing Document

**Accession Number:** 0001546429
**File Stem:** 0001049169-26-001548
**Filing Date:** 2026-5
**Character Count:** 423532
**Document Hash:** 54df8633540bf5cb07b0f5073b496255
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-001548.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001049169-26-001548

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Blackstone Strategic Credit 2027 Term Fund
- **CENTRAL INDEX KEY:** 0001546429

**ORGANIZATION NAME:**
- **EIN:** 900824512
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22686
- **FILM NUMBER:** 261044662

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **STREET 2:** 31ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154
- **BUSINESS PHONE:** 212-503-2100

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **STREET 2:** 31ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10154

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone Strategic Credit Fund
- **DATE OF NAME CHANGE:** 20201210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Blackstone / GSO Strategic Credit Fund
- **DATE OF NAME CHANGE:** 20120403

## Nport-Ex

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% |  |  |
| **Aerospace & Defense - 2.97%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atlas CC Acquisition Corp, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 1.00%, 05/01/2029 | $617070 | $130785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 4.25%, 05/01/2029 | 4242182 | 899109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caci International Inc Term Loan (02/26) 1LIEN USD, First Lien Term Loan 1M SOFR + 1.75%, 02/28/2033 | 734865 | 735557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Galileo Parent Inc Term Loan (03/26) USD (03/33), First Lien Term Loan 3M SOFR + 4.50%, 03/03/2033 | 3914844 | 3845120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Karman Holdings, Inc., First Lien Term Loan 3M SOFR + 2.75%, 04/01/2032 | 3324518 | 3330768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peraton Corp., First Lien B Term Loan 3M SOFR + 3.75%, 0.75% Floor, 02/01/2028 | 4962085 | 4246726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signia Aerospace LLC, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 2.75%, 12/11/2031<sup>(b)</sup> | 5439 | 5459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 2.75%, 12/11/2031 | 1567733 | 1573612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transdigm Inc, First Lien Term Loan 1M SOFR + 2.50%, 08/19/2032 | 850139 | 851079 |
|  |  | 15618215 |
| **Air Freight & Logistics - 0.96%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIT Worldwide Logistics Holdings, Inc., First Lien Term Loan 3M SOFR + 4.00%, 0.75% Floor, 04/08/2030 | 1283930 | 1287942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jetblue 8/24 TLB 1L, First Lien Term Loan 3M SOFR + 4.75%, 08/27/2029 | 2173545 | 1998575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stonepeak Nile Parent LLC, First Lien Term Loan 3M SOFR + 2.25%, 04/09/2032 | 1795500 | 1794854 |
|  |  | 5081371 |
| **Automobile Components - 1.03%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belron Finance 2019 LLC, First Lien Term Loan 3M SOFR + 2.00%, 0.50% Floor, 10/16/2031 | 2082478 | 2084300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tenneco, Inc., First Lien Term Loan 3M CME TERM SOFR + 5.00%, 0.50% Floor, 11/17/2028 | 3423993 | 3346953 |
|  |  | 5431253 |
| **Beverages - 1.28%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Primo Brands Corp., First Lien Term Loan 3M SOFR + 0.00%, 0.50% Floor, 03/19/2031 | 4715153 | 4728402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sazerac Co Inc, First Lien Term Loan 1M SOFR + 2.00%, 07/09/2032 | 2030237 | 2031506 |
|  |  | 6759908 |
| **Biotechnology - 1.01%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alkermes Inc, First Lien Term Loan 1M SOFR + 2.75%, 08/12/2031 | 490606 | 494902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barentz Intl BV, First Lien Term Loan 3M SOFR + 3.25%, 03/03/2031 | 1980075 | 1924138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genmab A/S, First Lien Term Loan 3M SOFR + 3.00%, 12/13/2032 | 2879055 | 2893219 |
|  |  | 5312259 |
| **Broadline Retail - 0.60%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peer Holding III B.V., First Lien Term Loan 3M SOFR + 2.25%, 09/29/2032 | 947743 | 940782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peer Holding III BV, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 2.50%, 10/28/2030 | 583927 | 583836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 3.00%, 06/20/2031 | 1624596 | 1623329 |
|  |  | 3147947 |
| **Building Products - 1.32%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LBM Acquisition LLC, First Lien Term Loan 1M SOFR + 3.75%, 06/06/2031 | 1480011 | 1194376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miter Brands Acquisition Holdco Inc., First Lien Term Loan 3M SOFR + 2.75%, 03/28/2031 | 2509887 | 2320591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resideo Funding Inc, First Lien Term Loan 3M SOFR + 2.00%, 08/09/2032 | 887249 | 886140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resideo Funding, Inc., First Lien Term Loan 6M SOFR + 2.00%, 06/13/2031 | 672328 | 670651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunbelt Transformer 10/24, First Lien Term Loan 3M SOFR + 4.25%, 10/24/2031 | 947769 | 949546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wilsonart LLC, First Lien Term Loan 3M SOFR + 4.25%, 08/05/2031 | 1058266 | 924660 |
|  |  | 6945964 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% (continued) |  |  |
| **Capital Markets - 6.78%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apex Group Treasury LLC, First Lien Term Loan 3M SOFR + 3.50%, 02/27/2032 | $3888354 | $3554597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aretec Group, Inc, First Lien Term Loan 1M SOFR + 3.00%, 08/09/2030 | 3699126 | 3657715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascensus Holdings, Inc., First Lien Term Loan 1M SOFR + 3.00%, 0.50% Floor, 08/02/2028 | 3701297 | 3648091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BetClic Everest Group SAS, First Lien Term Loan 3M SOFR + 0.00%, 12/09/2031 | 1239345 | 1238187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citadel Securities Global Holdings LLC, First Lien Term Loan 3M SOFR + 2.00%, 10/31/2031 | 1209738 | 1212515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CITCO FDG LLC TLB 1L, First Lien Term Loan 3M SOFR + 2.00%, 01/31/2033 | 2000921 | 1995838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EP Wealth Advisors, LLC, First Lien Term Loan 3M SOFR + 0.00%, 10/18/2032 | 572408 | 573482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Focus Financial Partners, LLC, First Lien Term Loan 1M SOFR + 2.50%, 09/15/2031 | 4660087 | 4520028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GTCR Everest Borrower, LLC Asset Mark 1/26 (01/26), First Lien Term Loan 3M SOFR + 2.50%, 09/05/2031 | 745821 | 741398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hudson River Trading LLC, First Lien Term Loan 1M SOFR + 2.50%, 03/18/2030 | 2939316 | 2930748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ITG Communications LLC, First Lien Term Loan 3M SOFR + 0.00%, 07/09/2031<sup>(c)</sup> | 1567144 | 1496622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jane Street Group LLC, First Lien Term Loan 3M SOFR + 2.00%, 12/15/2031 | 2724186 | 2677752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jump Financial LLC, First Lien Term Loan 3M SOFR + 3.50%, 02/26/2032 | 164567 | 164773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jupiter Borrower, Inc TLB 1L, First Lien Term Loan 3M SOFR + 0.00%, 03/25/2033<sup>(c)</sup> | 944025 | 944025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Osaic Holdings Inc, First Lien Term Loan 3M SOFR + 2.50%, 07/30/2032 | 4772051 | 4691833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saphilux Sarl, First Lien Term Loan 3M SOFR + 3.00%, 07/27/2028 | 313064 | 313181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Superannuation & Investments US LLC, First Lien Term Loan 1M SOFR + 2.50%, 12/01/2028 | 273024 | 273331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Victory Capital Holdings Inc, First Lien Term Loan 3M SOFR + 2.00%, 09/23/2032 | 1086912 | 1085689 |
|  |  | 35719805 |
| **Chemicals - 2.13%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discovery Purchaser/Bayer/Envu 8/22 TL, First Lien Term Loan 3M SOFR + 3.75%, 10/04/2029 | 2041310 | 2013497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortis 333 Inc, First Lien Term Loan 1M SOFR + 3.50%, 03/29/2032 | 1250550 | 1218761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nouryon Finance BV, First Lien Term Loan 6M SOFR + 3.25%, 04/03/2028 | 2674759 | 2627951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Olympus Water US Holding Corp, First Lien Term Loan 3M SOFR + 3.25%, 11/03/2032 | 633396 | 612218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCIL USA Holdings LLC, First Lien Term Loan 3M SOFR + 0.00%, 10/29/2032 | 1959969 | 1955079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Touchdown Acquirer Inc TERM (01/26) 1LIEN USD, First Lien Term Loan 3M SOFR + 2.50%, 02/21/2031 | 1403996 | 1386446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vibrantz Color Solutions LLC A2 TL (02/26) 1LIEN, First Lien Term Loan 3M SOFR + 0.00%, 04/30/2030 | 2294041 | 1410835 |
|  |  | 11224787 |
| **Commercial Services & Supplies - 5.82%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Action Environmental Group, Inc., First Lien Term Loan 3M SOFR + 3.00%, 0.50% Floor, 10/24/2030 | 3948017 | 3941443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allied Universal Holdco LLC, First Lien Term Loan 1M SOFR + 3.25%, 08/20/2032 | 3116409 | 3120304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARCWOOD ENVIRONMENTAL INC TLB 1L, First Lien Term Loan 3M SOFR + 0.00%, 03/02/2033 | 734866 | 736703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belfor Holdings Inc, First Lien Term Loan 1M SOFR + 2.75%, 11/04/2030 | 756458 | 758826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forgent Intermediate IV LLC, First Lien Term Loan 3M SOFR + 3.00%, 12/20/2032 | 3421377 | 3441699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HNI Corp, First Lien Term Loan 3M SOFR + 2.00%, 12/10/2032 | 791234 | 796923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LSF12 Crown US Commercial Bidco LLC, First Lien Term Loan 3M SOFR + 3.00%, 12/02/2031 | 4221160 | 4230658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MillerKnoll Inc, First Lien Term Loan 1M SOFR + 2.00%, 08/09/2032 | 478839 | 477444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minimax Viking GmbH, First Lien Term Loan 1M SOFR + 2.00%, 03/17/2032 | 921264 | 924719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omnia Partners, LLC, First Lien Term Loan 3M SOFR + 2.50%, 12/31/2032 | 2493734 | 2494782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orbit Private Holdings I Ltd, First Lien Term Loan 3M SOFR + 3.75%, 12/10/2031 | 3758431 | 3743566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paint Intermediate III LLC, First Lien Term Loan 3M SOFR + 3.00%, 10/09/2031 | 631805 | 630229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prime Sec Services Borrower LLC, First Lien Term Loan 1M SOFR + 1.75%, 03/08/2032 | 2364405 | 2335583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Protection One/ADT 11/24, First Lien Term Loan 1M SOFR + 2.00%, 10/13/2030 | 1583477 | 1578529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tidal Waste 10/24 TLB 1L, First Lien Term Loan 3M SOFR + 3.00%, 10/24/2031 | 1452470 | 1455919 |
|  |  | 30667327 |
| **Communications Equipment - 0.08%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viavi Solutions Inc, First Lien Term Loan 3M SOFR + 2.50%, 10/18/2032 | 446764 | 448439 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% (continued) |  |  |
| **Construction & Engineering - 1.65%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amentum/Amazon Holdco 7/24 TLB 1L, First Lien Term Loan 1M SOFR + 2.00%, 09/29/2031 | $1157030 | $1158719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Azuria Water Solutions Inc TL B 1L USD, First Lien Term Loan 3M SOFR + 0.00%, 01/31/2033 | 4273603 | 4241551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Azuria Water Solutions Inc TL DD 1L USD, First Lien Term Loan 3M SOFR + 0.00%, 01/27/2033 | 569814 | 565540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dycom Industries Inc, First Lien Term Loan 1M SOFR + 1.75%, 01/27/2033 | 678632 | 682168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Socotec US Holding Inc, First Lien Term Loan 3M SOFR + 0.00%, 06/02/2031 | 2023382 | 2027186 |
|  |  | 8675164 |
| **Construction Materials - 0.82%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QUIKRETE HLDGS INC, First Lien Term Loan 1M SOFR + 2.25%, 02/10/2032 | 2677694 | 2676020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tamko Building Products LLC, First Lien Term Loan 3M SOFR + 2.75%, 09/20/2030 | 1620727 | 1616676 |
|  |  | 4292696 |
| **Consumer Finance - 0.74%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CPI Holdco B LLC, First Lien Term Loan 1M SOFR + 2.00%, 05/19/2031 | 3896291 | 3875485 |
| **Consumer Staples Distribution and Retail - 0.12%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boots Group Finco LP, First Lien Term Loan 3M SOFR + 3.25%, 08/30/2032 | 645070 | 648160 |
| **Containers & Packaging - 3.33%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berlin Packaging LLC, First Lien Term Loan 3M SOFR + 3.25%, 06/09/2031 | 2258463 | 2182556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Acquisition Holdings, Inc., First Lien Term Loan 1M SOFR + 3.25%, 04/01/2032 | 4957096 | 4642940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iris Holding, Inc., First Lien Term Loan 3M SOFR + 4.75%, 0.50% Floor, 06/28/2028 | 4702042 | 4418650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ProAmpac PG Borrower LLC TERM LOAN (02/26) 1LIEN, First Lien Term Loan 3M SOFR + 0.00%, 03/07/2033 | 1344896 | 1302196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tricorbraun Holdings, Inc., First Lien Closing Date Initial Term Loan 1M SOFR + 3.25%, 0.50% Floor, 03/03/2031 | 2509302 | 2391415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trident TPI Holdings, Inc., First Lien Term Loan 3M SOFR + 3.75%, 0.50% Floor, 09/15/2028 | 2753039 | 2614093 |
|  |  | 17551850 |
| **Distributors - 0.49%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&S Holdings LLC, First Lien Initial Term Loan 3M SOFR + 5.00%, 0.50% Floor, 03/10/2028 | 1897669 | 1800414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&S Holdings LLC, First Lien Term Loan 1M SOFR + 5.00%, 10/01/2031 | 843480 | 797088 |
|  |  | 2597502 |
| **Diversified Consumer Services - 1.93%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adtalem Global Education Inc TERM (02/26) 1LIEN, First Lien Term Loan 1M SOFR + 2.25%, 03/02/2033 | 991651 | 994750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascend Learning LLC, First Lien Term Loan 1M SOFR + 3.00%, 0.50% Floor, 12/11/2028 | 1341175 | 1312340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fugue Finance LLC, First Lien Term Loan 3M SOFR + 2.25%, 01/09/2032 | 165249 | 163545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GBT US III LLC, First Lien Term Loan 3M SOFR + 2.00%, 07/28/2031 | 809571 | 794594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inspired Education US Holdings Inc, First Lien Term Loan 3M SOFR + 2.75%, 02/28/2031 | 887519 | 886689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KUEHG Corp, First Lien Term Loan 3M SOFR + 3.25%, 06/12/2030 | 964507 | 868057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Metropolis Technologies, Inc., First Lien Term Loan 6M SOFR + 5.25%, 11/03/2032 | 3247826 | 3217378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;St. George's University Scholastic Services LLC, First Lien Term Loan B Term Loan 1M SOFR + 2.75%, 0.50% Floor, 02/10/2029 | 1939849 | 1906512 |
|  |  | 10143865 |
| **Diversified REITs - 0.45%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain Information Management LLC, First Lien Term Loan 1M SOFR + 2.00%, 01/31/2031 | 2375524 | 2365879 |
| **Diversified Telecommunication Services - 1.84%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cable & Wireless 1/25 B7, First Lien Term Loan 3M SOFR + 3.25%, 02/02/2032 | 3833075 | 3773202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Radiate Holdco, LLC, First Lien Term Loan 1M SOFR + 5.00%, 09/25/2029 | 1807661 | 1614087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunrise Financing Partnership, First Lien Term Loan 6M SOFR + 2.50%, 02/17/2032 | 1640080 | 1632224 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% (continued) |  |  |
| **Diversified Telecommunication Services - 1.84% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ufinet/Zacapa 10/24 TL, First Lien Term Loan 3M SOFR + 3.75%, 03/22/2029 | $2671810 | $2668137 |
|  |  | 9687650 |
| **Electric Utilities - 1.19%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lightning Power 8/24 TLB, First Lien Term Loan 1M SOFR + 2.25%, 08/18/2031 | 4372395 | 4387086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NRG Energy 3/24 Cov-Lite, First Lien Term Loan 3M SOFR + 1.75%, 04/16/2031 | 1878444 | 1884455 |
|  |  | 6271541 |
| **Electrical Equipment - 1.30%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggreko Holdings, Inc., First Lien Term Loan 3M SOFR + 3.00%, 0.50% Floor, 05/21/2031 | 319746 | 320446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcline FM Holdings LLC, First Lien Term Loan 3M SOFR + 2.75%, 06/24/2030 | 907607 | 910130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DG Investment Intermediate Holdings 2 Inc, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 3.25%, 07/09/2032 | 3038986 | 3040886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 5.50%, 07/29/2033<sup>(c)</sup> | 1093387 | 1071519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Modena Buyer LLC, First Lien Term Loan 3M SOFR + 4.25%, 07/01/2031 | 1643305 | 1480569 |
|  |  | 6823550 |
| **Electronic Equipment, Instruments & Components - 0.75%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Money Tranche A, First Lien Term Loan 1M SOFR + 5.75%, 04/30/2029<sup>(c)</sup> | 236540 | 179770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newfold Digital Holdings Group Inc TL 1L, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 3.50%, 04/30/2029 | 3468294 | 2556618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 3.60%, 04/30/2029 | 713123 | 235330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sanmina Corp, First Lien Term Loan 1M SOFR + 2.00%, 10/27/2032<sup>(c)</sup> | 973968 | 976404 |
|  |  | 3948122 |
| **Energy Equipment & Services - 0.72%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PG Polaris Bid Co Sarl, First Lien Term Loan 3M SOFR + 2.25%, 03/26/2031 | 3804599 | 3810382 |
| **Entertainment - 2.64%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endeavor 1/25 Cov-Lite, First Lien Term Loan 1M SOFR + 2.75%, 03/24/2032 | 4686710 | 4682023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EP Purcasher, LLC, First Lien Term Loan 3M SOFR + 3.50%, 11/06/2028 | 1874028 | 1190345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EP Purchaser LLC, First Lien Term Loan 3M SOFR + 4.50%, 0.50% Floor, 11/06/2028 | 517474 | 329567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OAK-EAGLE ACQUIRECO INC TERM (10/25) 1LIEN USD, First Lien Term Loan 3M SOFR + 0.00%, 03/24/2033 | 5697787 | 5669298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opry Entertainment/OEG, First Lien Term Loan 3M SOFR + 3.50%, 06/25/2031 | 1074072 | 1079893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UFC Holdings LLC, First Lien Term Loan 3M SOFR + 2.00%, 11/21/2031 | 934561 | 935145 |
|  |  | 13886271 |
| **Financial Services - 1.16%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chicago US Midco III LP, First Lien Term Loan 1M SOFR + 2.50%, 10/29/2032 | 32506 | 32242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corpay Technologies Operating Co LLC, First Lien Term Loan 1M SOFR + 1.75%, 11/05/2032 | 1611517 | 1611017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Envestnet, Inc., First Lien Term Loan 3M SOFR + 3.00%, 11/25/2031 | 471901 | 458825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitchell International, Inc., First Lien Term Loan 3M SOFR + 0.00%, 0.50% Floor, 06/17/2031 | 299460 | 286561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synechron Inc, First Lien Term Loan 3M SOFR + 3.75%, 10/03/2031 | 4032466 | 3714909 |
|  |  | 6103554 |
| **Food Products - 1.45%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CH Guenther 11/21, First Lien Term Loan 1M SOFR + 3.00%, 12/08/2028 | 2546354 | 2552733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Froneri International Limited, First Lien Term Loan 6M SOFR + 2.25%, 09/30/2032 | 1950401 | 1916406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Froneri US, Inc.,, First Lien Term Loan 6M SOFR + 2.25%, 09/30/2031 | 959909 | 942361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pegasus Bidco BV, First Lien Term Loan 3M SOFR + 2.75%, 07/12/2029 | 804458 | 803452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PFI Lower Midco LLC, First Lien Term Loan 1M SOFR + 4.00%, 12/01/2032 | 502740 | 505256 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% (continued) |  |  |
| **Food Products - 1.45% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snacking Investments Bidco Pty Ltd, First Lien Term Loan 3M SOFR + 3.00%, 10/29/2032 | $936641 | $938299 |
|  |  | 7658507 |
| **Ground Transportation - 0.35%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesee & WY Inc, First Lien Term Loan 3M SOFR + 1.75%, 04/10/2031 | 1870655 | 1863837 |
| **Health Care Equipment & Supplies - 1.59%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Embecta Corp, TLB, First Lien Term Loan 1M SOFR + 3.00%, 03/30/2029 | 2547835 | 2552090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hanger, Inc., First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 3.50%, 10/23/2031<sup>(b)</sup> | 100808 | 101186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 3.50%, 10/23/2031 | 1322045 | 1327002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hologic Inc, First Lien Term Loan 3M SOFR + 3.00%, 01/14/2033 | 523498 | 517905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WS Audiology AS TERM LOAN (02/26) USD (02/33), First Lien Term Loan 3M SOFR + 3.25%, 02/28/2029 | 3850937 | 3855751 |
|  |  | 8353934 |
| **Health Care Providers & Services - 6.89%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agiliti Health, Inc., First Lien Term Loan 6M SOFR + 3.00%, 05/01/2030 | 1515150 | 1476642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHG Healthcare Services Inc, First Lien Term Loan 3M SOFR + 2.75%, 09/29/2028 | 3094357 | 3100638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ensemble RCM LLC, First Lien Term Loan 3M SOFR + 3.00%, 02/09/2033 | 3333319 | 3301370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Medical Response Inc, First Lien Term Loan 3M SOFR + 3.50%, 09/20/2032 | 4681366 | 4672588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Heartland Dental LLC TL B 1L USD, First Lien Term Loan 1M SOFR + 3.75%, 08/25/2032 | 2399097 | 2397322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inception Holdco Sarl, First Lien Term Loan 3M SOFR + 3.25%, 04/09/2031 | 2145967 | 2162952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MED ParentCo LP, First Lien Term Loan 3M SOFR + 3.00%, 04/15/2031 | 2197781 | 2199529 |
| &nbsp;&nbsp;&nbsp;&nbsp;Medical Solutions Holdings, Inc., First Lien Term Loan 3M SOFR + 0.00%, 11/01/2028<sup>(c)</sup> | 3529347 | 2541129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Midwest Physcn Admin Srvcs LLC, First Lien Term Loan 3M SOFR + 3.00%, 03/12/2028 | 3539039 | 3043574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onex TSG Intermediate Corp (01/26) 1LIEN USD (08/32), First Lien Term Loan 3M SOFR + 3.25%, 08/06/2032 | 1290613 | 1299325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outcomes Group Holdings, Inc, First Lien Term Loan 3M SOFR + 3.00%, 05/06/2031 | 1981921 | 1984716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pediatric Associates Holding Co. LLC, First Lien Term Loan 3M SOFR + 3.25%, 0.50% Floor, 12/29/2028 | 1958360 | 1878938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Radiology Partners Inc, First Lien Term Loan 3M SOFR + 4.50%, 06/25/2032 | 2085705 | 2058518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raven Acquisition Holdings LLC 10/24 Cov-Lite TLB, First Lien Term Loan 1M SOFR + 3.00%, 11/19/2031 | 1737021 | 1706154 |
| &nbsp;&nbsp;&nbsp;&nbsp;Raven Acquisition Holdings LLC 10/24 Cov-Lite, First Lien Term Loan 3M SOFR + 3.25%, 11/19/2031<sup>(b)</sup> | 116532 | 114461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Anesthesia Partners, Inc., First Lien Term Loan 1M SOFR + 4.00%, 0.50% Floor, 10/02/2028 | 1487499 | 1490028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Fertility Enterprises LLC, First Lien Term Loan 3M SOFR + 3.50%, 12/30/2032 | 831618 | 831360 |
|  |  | 36259244 |
| **Health Care Technology - 1.05%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Athena Health Group, Inc., First Lien Term Loan 1M SOFR + 3.25%, 02/15/2029 | 239795 | 235748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cotiviti, Inc., First Lien Term Loan 1M SOFR + 2.75%, 03/26/2032 | 1878207 | 1733585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gainwell Acquisition Corp., First Lien Term Loan 3M SOFR + 4.00%, 0.75% Floor, 10/01/2027 | 3661208 | 3562063 |
|  |  | 5531396 |
| **Hotels, Restaurants & Leisure - 5.74%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011778 BC UNLIMITED LIABILITY CO, First Lien Term Loan 1M SOFR + 1.75%, 09/20/2030 | 1541609 | 1540075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bulldog Purchaser, Inc., First Lien Term Loan 3M SOFR + 3.25%, 0.50% Floor, 02/07/2033 | 2060671 | 2059898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caesars Entertainment, Inc., First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 2.25%, 0.50% Floor, 02/06/2030 | 1083495 | 1055053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 2.25%, 0.50% Floor, 02/06/2031 | 3289474 | 3203125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entain Holdings Gibraltar Ltd, First Lien Term Loan 3M SOFR + 2.25%, 10/31/2029 | 3742007 | 3745225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fertitta Entertainment, LLC, First Lien Term Loan 1M SOFR + 3.25%, 01/27/2029 | 3825595 | 3758647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flutter Entertainment Public Limited, First Lien Term Loan 3M SOFR + 2.00%, 06/04/2032 | 567478 | 562513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flutter Financing BV, First Lien Term Loan 3M SOFR + 1.75%, 0.50% Floor, 11/30/2030 | 1605327 | 1591682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flynn Restaurant Group LP, First Lien Term Loan 1M SOFR + 3.75%, 01/28/2032 | 2978235 | 2931968 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% (continued) |  |  |
| **Hotels, Restaurants & Leisure - 5.74% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Herschend Entertainment Co LLC, First Lien Term Loan 1M SOFR + 2.50%, 05/27/2032 | $773192 | $775125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Grand Vacations Borrower, LLC, First Lien Term Loan 1M SOFR + 2.00%, 01/17/2031 | 4077 | 4072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MOTION FINCO LLC, First Lien Term Loan 3M SOFR + 3.50%, 11/12/2029 | 1002304 | 881672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Turquoise Topco Limited, First Lien Term Loan 3M SOFR + 3.25%, 12/30/2032 | 3371493 | 3274579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voyager Parent LLC, First Lien Term Loan 1M SOFR + 8.75%, 07/01/2032 | 4886946 | 4859970 |
|  |  | 30243604 |
| **Household Durables - 1.49%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AC Products Holdings, Inc., First Lien Term Loan 3M SOFR + 4.25%, 0.50% Floor, 05/17/2028 | 5653084 | 4541914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restoration Hardware, Inc. TLB 1L, First Lien Term Loan 1M SOFR + 2.50%, 10/20/2028 | 2467700 | 2406008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weber-Stephen Products LLC, First Lien Term Loan 3M SOFR + 3.75%, 10/01/2032 | 915853 | 897765 |
|  |  | 7845687 |
| **Independent Power and Renewable Electricity Producers - 0.21%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talen Energy Supply LLC, First Lien Term Loan 1M SOFR + 2.00%, 11/26/2032 | 1094072 | 1096222 |
| **Insurance - 3.96%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alera Group Inc, Second Lien Term Loan 3M SOFR + 5.50%, 05/30/2033 | 952636 | 922866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alera Group, Inc., First Lien Term Loan 1M SOFR + 2.75%, 0.50% Floor, 05/28/2032 | 2270678 | 2207065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alliant Holdings Intermediate LLC, First Lien Term Loan 1M SOFR + 2.50%, 09/19/2031 | 831 | 825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baldwin Insurance Group Holdings LLC, First Lien Term Loan 3M SOFR + 2.50%, 05/27/2031 | 2823458 | 2782292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broad Street Partners Inc, First Lien Term Loan 1M SOFR + 2.50%, 06/13/2031 | 4489894 | 4386919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyperion Refinance Sarl, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 2.75%, 04/18/2030 | 4885908 | 4775976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 2.75%, 02/18/2031 | 518951 | 503914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ryan Specialty LLC, First Lien Term Loan 1M SOFR + 2.00%, 09/15/2031 | 1994950 | 1994949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trucordia Insurance Holdings LLC, First Lien Term Loan 1M SOFR + 3.25%, 06/17/2032<sup>(c)</sup> | 2754928 | 2548309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Truist Insurance 3/24 2nd Lien Cov-Lite, Second Lien Term Loan 3M SOFR + 4.75%, 05/06/2032 | 756284 | 751557 |
|  |  | 20874672 |
| **Interactive Media & Services - 1.47%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LI Group Holdings, Inc., First Lien 2021 Term Loan 1M SOFR + 3.50%, 0.75% Floor, 03/10/2028 | 1504272 | 1508973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MH Sub I LLC, First Lien Term Loan 1M SOFR + 4.25%, 05/03/2028 | 1960507 | 1690937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trip.com/TripAdvisor 7/24, First Lien Term Loan 1M SOFR + 2.75%, 07/08/2031 | 4759300 | 4529259 |
|  |  | 7729169 |
| **IT Services - 1.66%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASURION LLC TLB 1L, First Lien Term Loan 3M SOFR + 3.75%, 02/23/2033 | 644697 | 624151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asurion LLC, First Lien Term Loan 3M SOFR + 4.25%, 09/19/2030 | 119690 | 118492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackhawk Network Holdings Inc, First Lien Term Loan 1M SOFR + 3.50%, 03/12/2029 | 2700000 | 2669288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chrysaor Bidco, SARL., First Lien Term Loan 3M SOFR + 3.25%, 10/30/2031 | 375084 | 375026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Team.blue Finco SARL, First Lien Term Loan 3M SOFR + 3.25%, 07/12/2032 | 239795 | 229454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trio Bidco Inc, First Lien Term Loan 3M SOFR + 4.00%, 10/29/2032 | 1808895 | 1757649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Virtusa Corp., First Lien Term Loan 1M SOFR + 3.25%, 0.75% Floor, 02/15/2029 | 3269298 | 2960758 |
|  |  | 8734818 |
| **Life Sciences Tools & Services - 0.54%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loire Finco Luxembourg Sarl TLB, First Lien Term Loan 1M SOFR + 4.00%, 01/31/2030 | 2861265 | 2863654 |
| **Machinery - 4.08%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AI Aqua Merger Sub, Inc., First Lien Term Loan 1M SOFR + 2.75%, 0.50% Floor, 07/31/2028 | 1793689 | 1791725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allison Transmission Inc, First Lien Term Loan 1M SOFR + 1.75%, 01/02/2033 | 607973 | 610861 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% (continued) |  |  |
| **Machinery - 4.08% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASP Blade Holdings, Inc, Second Lien Term Loan 3M SOFR + 4.00%, 10/15/2029 | $1554155 | $1104095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cube Industrials Buyer Inc, First Lien Term Loan 3M SOFR + 3.00%, 10/20/2031 | 905780 | 907289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engineered Machinery Holdings Inc, First Lien Term Loan 3M SOFR + 3.25%, 11/26/2032 | 2404548 | 2417773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LSF12 Helix Parent LLC, First Lien Term Loan 1M SOFR + 3.50%, 02/10/2033 | 953060 | 941623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madison IAQ LLC, First Lien Term Loan 6M SOFR + 2.75%, 0.50% Floor, 11/08/2032 | 2960166 | 2969994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merlin Buyer Inc TERM (03/26) 1LIEN USD (03/33), First Lien Term Loan 3M SOFR + 0.00%, 03/26/2033 | 2574000 | 2580435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro Mach Group Inc, First Lien Term Loan 3M SOFR + 2.75%, 10/18/2032 | 3029677 | 3027935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Castle, Inc., First Lien Term Loan 3M SOFR + 5.50%, 06/01/2029 | 4308725 | 2346445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TK Elevator Midco Gmbh, First Lien Term Loan 6M SOFR + 2.75%, 04/30/2030 | 1982648 | 1989121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Victory Buyer LLC TERM (02/26) 1LIEN USD (02/33), First Lien Term Loan 3M SOFR + 3.00%, 02/09/2033 | 776579 | 778443 |
|  |  | 21465739 |
| **Media - 0.50%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Greetings Corp., First Lien Term Loan 1M SOFR + 5.75%, 10/23/2029 | 2632305 | 2630660 |
| **Metals & Mining - 0.25%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arsenal AIC Parent LLC, First Lien Term Loan 1M SOFR + 2.75%, 08/19/2030 | 580705 | 582883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tega MC Australia Holdings Pty Ltd TLB 1L, First Lien Term Loan 3M SOFR + 0.00%, 03/25/2033 | 728345 | 724703 |
|  |  | 1307586 |
| **Mortgage Real Estate Investment Trusts (REITs) - 1.19%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apollo Commercial Real Estate Finance Inc, First Lien Term Loan 1M SOFR + 3.25%, 06/13/2030 | 972472 | 975516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KREF Holdings X LLC, First Lien Term Loan 1M SOFR + 2.50%, 03/05/2032 | 3109562 | 3091106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starwood Property Mortgage LLC, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 2.00%, 01/02/2030<sup>(c)</sup> | 1133528 | 1134945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 2.25%, 09/24/2032 | 1036860 | 1039883 |
|  |  | 6241450 |
| **Oil, Gas & Consumable Fuels - 3.54%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AL GCX Holdings LLC, First Lien Term Loan 1M SOFR + 2.25%, 12/20/2032 | 2500000 | 2505075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackfin Pipeline LLC, First Lien Term Loan 1M SOFR + 3.00%, 09/29/2032 | 3221918 | 3243569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Colossus AcquireCo LLC, First Lien Term Loan 3M SOFR + 1.75%, 07/30/2032 | 4764504 | 4754451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport LNG Investments LLLP, First Lien Term Loan 3M SOFR + 3.25%, 01/31/2033 | 5137839 | 5146419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liquid Tech Solutions Holdings LLC, First Lien Term Loan 1M SOFR + 3.50%, 10/12/2032 | 2076974 | 2078283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;White Water Matterhorn Holdings LLC, First Lien Term Loan 3M SOFR + 1.75%, 06/16/2032 | 935995 | 932873 |
|  |  | 18660670 |
| **Passenger Airlines - 1.67%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAdvantage Loyalty IP, Ltd., First Lien Term Loan 3M SOFR + 2.75%, 05/28/2032 | 1074080 | 1066159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advantage Loyalty IP, Ltd., First Lien Term Loan 3M SOFR + 2.25%, 04/20/2028 | 243966 | 242136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Canada, First Lien Term Loan 3M SOFR + 1.75%, 03/21/2031 | 327884 | 325835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Airlines, Inc., First Lien Term Loan 3M SOFR + 2.25%, 02/15/2028 | 2667957 | 2607927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Onesky Flight LLC, First Lien Term Loan 1M SOFR + 2.75%, 02/17/2033 | 556071 | 555376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vista Management Holding Inc., First Lien Term Loan 3M SOFR + 3.75%, 04/01/2031 | 3700879 | 3669089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WestJet Loyalty LP, First Lien Term Loan 3M SOFR + 3.25%, 02/14/2031 | 354922 | 345733 |
|  |  | 8812255 |
| **Pharmaceuticals - 1.70%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bio Marin Pharmaceutical Inc, First Lien Term Loan 3M SOFR + 0.00%, 01/29/2033 | 1996717 | 1994231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dechra Pharmaceuticals LLC TERM (01/26) 1LIEN USD, First Lien Term Loan 6M SOFR + 2.75%, 01/27/2032 | 893250 | 893808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opal US LLC, First Lien Term Loan 3M SOFR + 3.00%, 04/23/2032 | 4127814 | 4130394 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% (continued) |  |  |
| **Pharmaceuticals - 1.70% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Padagis LLC, First Lien Initial Term Loan 3M SOFR + 4.75%, 0.50% Floor, 07/06/2028<sup>(c)</sup> | $2078664 | $1917568 |
|  |  | 8936001 |
| **Professional Services - 9.90%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acuren Delaware Holdco, Inc., First Lien Term Loan 1M SOFR + 2.75%, 07/31/2031 | 474948 | 475114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AG Group Holdings, Inc., First Lien Term Loan 1M SOFR + 4.25%, 12/29/2028 | 3852648 | 3498166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ankura Consulting Group LLC, First Lien Term Loan 3M SOFR + 3.50%, 0.75% Floor, 12/26/2031 | 2830325 | 2710036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berkeley Resh Group LLC, First Lien Term Loan 3M SOFR + 3.25%, 04/30/2032 | 3504296 | 3416689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Camelot US Acquisition LLC, First Lien Term Loan 6M CME TERM SOFR + 3.00%, 01/31/2031 | 2500000 | 2172400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cast & Crew LLC, First Lien Term Loan 3M SOFR + 3.75%, 0.50% Floor, 12/29/2028 | 4728254 | 1899576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoreLogic, Inc., First Lien Initial Term Loan 1M SOFR + 3.50%, 0.50% Floor, 06/02/2028 | 1832367 | 1756791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTI Holdco Inc, First Lien Term Loan 1M SOFR + 4.00%, 04/26/2029 | 1459507 | 1263693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eisner Advisory Group LLC, First Lien Term Loan 1M SOFR + 4.00%, 02/28/2031 | 1448200 | 1383031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Element Materials Technology Group Holdings, First Lien Term Loan 3M SOFR + 3.50%, 07/06/2029 | 2968225 | 2981226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Advantage Holdings LL, First Lien Term Loan 3M SOFR + 2.75%, 10/31/2031 | 2611179 | 2548080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grant Thornton Advisors LLC, First Lien Term Loan 3M SOFR + 2.75%, 06/02/2031 | 3025097 | 2831612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Heron Bidco LLC, First Lien Term Loan 3M SOFR + 4.00%, 12/10/2032 | 1093387 | 1090653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hire Right Holdings Corp., First Lien Term Loan 1M SOFR + 3.25%, 09/27/2030 | 1028847 | 888152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inmar Inc, First Lien Term Loan 3M SOFR + 4.50%, 10/30/2031 | 293126 | 282318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Isolved, Inc., First Lien Term Loan 1M SOFR + 2.75%, 10/14/2030 | 1323294 | 1264162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lereta, LLC, First Lien Term Loan 3M SOFR + 5.25%, 07/30/2028 | 1378173 | 1274424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mermaid Bidco Inc aka Datasite TL 1L, First Lien Term Loan 3M SOFR + 3.25%, 06/27/2031 | 2656592 | 2606781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neptune Bidco US Inc, First Lien Term Loan 3M SOFR + 5.00%, 02/03/2033 | 1571304 | 1502166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perficient/Plano 8/24 TLB 1L, First Lien Term Loan 3M SOFR + 3.50%, 10/02/2031 | 4125410 | 3341582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre Paid Legal Services, Inc., First Lien Term Loan 3M SOFR + 3.25%, 12/15/2028 | 850539 | 740577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ryan LLC, First Lien Term Loan 1M SOFR + 3.50%, 11/08/2032 | 1760000 | 1709400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Secretariat Advisors LLC, First Lien Term Loan 3M SOFR + 4.00%, 02/27/2032 | 595586 | 586652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thevelia US LLC, First Lien Term Loan 3M SOFR + 3.00%, 0.50% Floor, 06/18/2029 | 3712025 | 3651705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TTF Holdings LLC, First Lien Term Loan 6M SOFR + 3.75%, 07/18/2031 | 3532868 | 2649651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vaco Holdings, LLC, First Lien Term Loan 3M SOFR + 5.00%, 01/22/2029 | 4510829 | 2958833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VT Topco, Inc. 12/24 1L, First Lien Term Loan 1M SOFR + 3.00%, 08/09/2030 | 683184 | 664739 |
|  |  | 52148209 |
| **Real Estate Management & Development - 0.12%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cushman & Wakefield US Borrower LLC, First Lien Term Loan 1M SOFR + 2.75%, 01/31/2030<sup>(c)</sup> | 623775 | 626894 |
| **Semiconductors & Semiconductor Equipment - 0.81%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altar Bidco, Inc., First Lien Term Loan 3M SOFR + 3.10%, 0.50% Floor, 02/01/2029 | 4290691 | 4271920 |
| **Software - 19.06%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avalara, Inc., First Lien Term Loan 3M SOFR + 2.75%, 03/29/2032 | 3580876 | 3504782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BEP Intermediate Holdco, First Lien Term Loan 1M SOFR + 2.75%, 04/28/2031<sup>(c)</sup> | 1153010 | 1153010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BMC Software 7/24 2nd Lien TL, Second Lien Term Loan 3M SOFR + 5.75%, 07/02/2032 | 3512587 | 2959372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boxer Parent Co., Inc., First Lien Term Loan 3M SOFR + 3.00%, 07/30/2031 | 3397863 | 3159656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capstone Borrower, Inc., First Lien Term Loan 3M SOFR + 2.75%, 06/17/2030 | 166762 | 158966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Parent LLC, First Lien Term Loan 3M SOFR + 3.25%, 07/06/2029 | 4644724 | 3327201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud Software Group Inc, First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 3.25%, 03/21/2031 | 1722615 | 1583083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 3.25%, 08/16/2032 | 1370334 | 1257768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloudera, Inc. TL 1L, First Lien Term Loan 1M SOFR + 3.75%, 0.50% Floor, 10/08/2028 | 4541894 | 4067833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clover 10/24 TLB 1L, First Lien Term Loan 1M SOFR + 4.00%, 12/09/2031 | 1219947 | 1171149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conga Corp., First Lien Term Loan 3M SOFR + 3.50%, 0.75% Floor, 05/06/2028 | 882058 | 757838 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% (continued) |  |  |
| **Software - 19.06% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cornerstone Building Brands, Inc., First Lien Tranche B Term Loan 3M SOFR + 3.25%, 0.50% Floor, 04/12/2028 | $249200 | $142489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cornerstone On Demand, Inc., First Lien Initial Term Loan 3M SOFR + 3.75%, 0.50% Floor, 10/16/2028 | 5343648 | 3922585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dayforce Bidco LLC, First Lien Term Loan 3M SOFR + 3.00%, 02/04/2033 | 4521914 | 4289533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delta Topco, Inc., First Lien Term Loan 3M SOFR + 2.75%, 11/30/2029 | 2597830 | 2518882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delta Topco, Inc., Second Lien Term Loan 3M SOFR + 5.25%, 12/24/2030 | 3170438 | 2800543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disco Parent Inc, First Lien Term Loan 3M SOFR + 3.00%, 08/06/2032 | 454822 | 447431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evercommerce Solutions, Inc., First Lien B Term Loan 3M US L + 3.25%, 0.50% Floor, 07/07/2031 | 478967 | 467390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finastra USA Inc, First Lien Term Loan 3M SOFR + 4.00%, 09/15/2032 | 4218673 | 3971712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesys Cloud Services, Inc., First Lien Term Loan 1M SOFR + 2.50%, 01/30/2032 | 4620296 | 4429709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Idera INC, First Lien Term Loan 3M SOFR + 3.50%, 03/02/2028 | 4290464 | 3420572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ION Platform Finance US Inc, First Lien Term Loan 3M SOFR + 3.75%, 09/30/2032 | 4465841 | 3613602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivanti Security Holdings LLC, First Lien Term Loan 3M SOFR + 5.75%, 2.00% Floor, 06/01/2029 | 399093 | 399592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivanti Software, Inc., First Lien Term Loan: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 0.00%, 06/01/2029 | 1587358 | 559544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 4.75%, 06/01/2029 | 792401 | 537782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magenta Security Holdings, LLC First Out TL 1L, First Lien Term Loan 3M SOFR + 6.75%, 07/27/2028 | 2695739 | 1936066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McAfee Corp., First Lien Term Loan 1M SOFR + 3.00%, 0.50% Floor, 03/01/2029 | 4296150 | 3850425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitnick Corporate Purchaser Inc., First Lien Term Loan 3M SOFR + 4.75%, 05/02/2029 | 7348493 | 3398678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perforce Software, Inc., First Lien Term Loan 1M SOFR + 4.75%, 06/29/2029 | 5295832 | 3582154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Alpha (Qlik), First Lien Term Loan 3M SOFR + 3.25%, 10/26/2030 | 3184053 | 2427124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Alpha (Qlik), Second Lien Term Loan 3M SOFR + 5.00%, 05/09/2033 | 812463 | 498446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project Leopard Holdings, Inc., First Lien Term Loan 3M SOFR + 5.25%, 0.50% Floor, 07/20/2029 | 4128226 | 2596654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proofpoint Inc, First Lien Term Loan 3M SOFR + 3.00%, 08/31/2028 | 3766888 | 3652318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pushpay USA INC, First Lien Term Loan 3M SOFR + 3.75%, 08/18/2031 | 2478849 | 2429272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rithum Holdings Inc, First Lien Term Loan 3M SOFR + 4.75%, 07/21/2031 | 1882938 | 1795852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rocket Software, Inc., First Lien Term Loan 1M SOFR + 3.75%, 0.50% Floor, 11/28/2028 | 2869127 | 2758551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sci Quest 10/24 2nd Lien, Second Lien Term Loan 3M SOFR + 5.00%, 12/06/2032 | 2520000 | 2318400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sophos Intermediate II, Ltd., First Lien Term Loan 1M SOFR + 3.50%, 03/05/2027 | 2976372 | 2841974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starlight Parent, LLC, First Lien Term Loan 3M SOFR + 4.00%, 04/16/2032 | 2970697 | 2532520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tuple US Bidco LLC, First Lien Term Loan 3M SOFR + 3.75%, 01/24/2033 | 803024 | 780941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UKG, Inc., First Lien Term Loan 3M SOFR + 2.50%, 02/10/2031 | 121150 | 115933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vision Solutions, Inc., First Lien Term Loan 3M SOFR + 4.00%, 0.75% Floor, 04/24/2028 | 4841076 | 3763937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VS Buyer LLC, First Lien Term Loan 3M SOFR + 2.25%, 04/12/2031 | 119742 | 117247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XPLOR T1 LLC., First Lien Term Loan 3M SOFR + 3.50%, 12/01/2032 | 2778812 | 2591243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zuora 12/24 Cov-Lite TLB, First Lien Term Loan 1M SOFR + 3.50%, 02/14/2032 | 1880550 | 1741859 |
|  |  | 100351618 |
| **Specialty Retail - 2.78%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APRO LLC, First Lien Term Loan 1M SOFR + 3.75%, 07/09/2031 | 1111699 | 1116563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EG America LLC, First Lien Term Loan 1M SOFR + 3.25%, 02/10/2031 | 1833698 | 1837365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Great Outdoors Group LLC, First Lien Term Loan 1M SOFR + 3.25%, 0.75% Floor, 01/23/2032 | 3429884 | 3428598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harbor Freight Tools USA, Inc., First Lien Term Loan 1M SOFR + 2.25%, 06/11/2031 | 970762 | 962136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MICHAELS COS INC/THE TERM (02/26) 1LIEN USD, First Lien Term Loan 3M SOFR + 5.00%, 02/22/2033 | 1224776 | 1191168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spencer Spirit IH LLC, First Lien Term Loan 1M SOFR + 4.00%, 07/15/2031 | 1758653 | 1764518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STAPLES, INC. CLOSING DATE TERM LOAN (06/24), First Lien Term Loan 3M SOFR + 5.75%, 09/04/2029 | 1250338 | 1139565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;StubHub Holdco Sub LLC, First Lien Term Loan 1M SOFR + 4.75%, 03/15/2030 | 3225610 | 3184290 |
|  |  | 14624203 |
| **Textiles, Apparel & Luxury Goods - 0.71%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beach Acquisition Bidco LLC, First Lien Term Loan 3M SOFR + 3.25%, 09/13/2032 | 783139 | 786075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Imagine Learning LLC, First Lien Term Loan 1M SOFR + 3.50%, 12/21/2029 | 3185000 | 2962066 |
|  |  | 3748141 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| FLOATING RATE LOAN INTERESTS<sup>(a)</sup> - 120.51% (continued) |  |  |
| **Thrifts & Mortgage Finance - 3.09%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACCESS CIG LLC, First Lien Term Loan 3M SOFR + 4.00%, 08/19/2030 | $3853556 | $3503518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ahead 7/24 TLB3 1L, First Lien Term Loan 3M SOFR + 2.50%, 02/01/2031 | 1982261 | 1955937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dcert Buyer, Inc., Second Lien First Amendment Refinancing Term Loan 1M SOFR + 7.00%, 02/19/2029 | 5863456 | 4529520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortress Intermediate 3 Inc, First Lien Term Loan 1M SOFR + 3.00%, 06/27/2031 | 3350754 | 3329811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Go Daddy Oper Co LLC, First Lien Term Loan 1M SOFR + 1.75%, 05/30/2031 | 1726200 | 1697226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Osttra Group LTD, First Lien Term Loan 3M SOFR + 5.50%, 10/07/2033<sup>(c)</sup> | 479260 | 454099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skopima Consilio Parent, LLC, First Lien Term Loan 1M SOFR + 3.75%, 0.50% Floor, 05/12/2028 | 857602 | 675091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thought Works, Inc., First Lien Incremental Term Loan 1M SOFR + 2.75%, 0.50% Floor, 03/24/2028 | 138674 | 120647 |
|  |  | 16265849 |
| **Trading Companies & Distributors - 1.60%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BCPE Empire Holdings Inc, First Lien Term Loan 1M SOFR + 0.00%, 03/02/2033 | 2518597 | 2483979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kodiak Building Partners, First Lien Term Loan 3M SOFR + 3.75%, 12/04/2031 | 3288276 | 3292649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QXO Building Products Inc, First Lien Term Loan 1M SOFR + 2.00%, 04/30/2032 | 668820 | 668362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;White Cap Buyer LLC, First Lien Term Loan 1M SOFR + 3.25%, 10/19/2029 | 2032895 | 1959975 |
|  |  | 8404965 |
| TOTAL FLOATING RATE LOAN INTERESTS |  |  |
| (Cost $674,958,125) |  | 634589850 |
| CORPORATE BONDS - 39.89% |  |  |
| **Aerospace & Defense - 0.74%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bombardier, Inc. 7.450%, 05/01/2034<sup>(d)</sup> | 134000 | 145077 |
| &nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies, Inc. 4.125%, 04/15/2029<sup>(d)</sup> | 340000 | 327112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransDigm, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 03/01/2029<sup>(d)</sup> | 2863000 | 2920011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 03/01/2032<sup>(d)</sup> | 470000 | 479927 |
|  |  | 3872127 |
| **Air Freight & Logistics - 0.49%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JetBlue Airways Corp. / JetBlue Loyalty LP 9.875%, 09/20/2031<sup>(d)</sup> | 2705000 | 2560062 |
| **Auto Parts&Equipment - 0.08%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cyprium Corp. / Cyprium Holdings Luxembourg Sarl: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 04/15/2031<sup>(d)</sup> | 187000 | 184815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.375%, 04/15/2034<sup>(d)</sup> | 221000 | 215065 |
|  |  | 399880 |
| **Automobile Components - 1.04%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cooper-Standard Automotive, Inc. 9.250%, 03/01/2031<sup>(d)</sup> | 801000 | 753340 |
| &nbsp;&nbsp;&nbsp;&nbsp;Forvia SE 8.000%, 06/15/2030<sup>(d)</sup> | 716000 | 740175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodyear Tire & Rubber Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2029 | 130000 | 123103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 07/15/2030 | 74000 | 72424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 07/15/2031 | 218000 | 195233 |
| &nbsp;&nbsp;&nbsp;&nbsp;Patrick Industries, Inc. 4.750%, 05/01/2029<sup>(d)</sup> | 1243000 | 1210032 |
| &nbsp;&nbsp;&nbsp;&nbsp;Phinia, Inc. 6.750%, 04/15/2029<sup>(d)</sup> | 1870000 | 1906097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tenneco, Inc. 8.000%, 11/17/2028<sup>(d)</sup> | 480000 | 478586 |
|  |  | 5478990 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Automobiles - 0.46%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nissan Motor Co., Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.810%, 09/17/2030<sup>(d)</sup> | $1490000 | $1354316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.125%, 07/17/2035<sup>(d)</sup> | 250000 | 257435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZF North America Capital, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 03/24/2031<sup>(d)</sup> | 150000 | 147464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 04/23/2032<sup>(d)</sup> | 680000 | 646703 |
|  |  | 2405918 |
| **Biotechnology - 0.14%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Emergent BioSolutions, Inc. 3.875%, 08/15/2028<sup>(d)</sup> | 879000 | 742637 |
| **Broadline Retail - 0.19%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kohl's Corp. 5.550%, 07/17/2045 | 310000 | 176555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordstrom, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 04/01/2030 | 90000 | 84080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 08/01/2031 | 250000 | 225222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2044 | 222000 | 148407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rakuten Group, Inc. 9.750%, 04/15/2029<sup>(d)</sup> | 354000 | 377608 |
|  |  | 1011872 |
| **Building Products - 0.06%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC 6.750%, 04/01/2032<sup>(d)</sup> | 320000 | 306681 |
| **Cable & Satellite Television - 0.10%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Virgin Media Secured Finance PLC 4.500%, 08/15/2030<sup>(d)</sup> | 586000 | 520150 |
| **Capital Markets - 0.63%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aretec Group, Inc. 10.000%, 08/15/2030<sup>(d)</sup> | 278000 | 295629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Focus Financial Partners LLC 6.750%, 09/15/2031<sup>(d)</sup> | 360000 | 357875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jane Street Group / JSG Finance, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 04/30/2031<sup>(d)</sup> | 310000 | 318855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 11/01/2032<sup>(d)</sup> | 160000 | 158361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 05/01/2033<sup>(d)</sup> | 540000 | 548250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jefferies Finance LLC / JFIN Co.-Issuer Corp. 6.625%, 10/15/2031<sup>(d)</sup> | 422000 | 402729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Osaic Holdings, Inc. 6.750%, 08/01/2032<sup>(d)</sup> | 451000 | 451390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stonex Escrow Issuer LLC 6.875%, 07/15/2032<sup>(d)</sup> | 756000 | 764563 |
|  |  | 3297652 |
| **Chemicals - 1.55%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celanese US Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 02/15/2031 | 420000 | 431575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 02/15/2034 | 927000 | 950536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cerdia Finanz GmbH 9.375%, 10/03/2031<sup>(d)</sup> | 350000 | 348435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chemours Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.630%, 11/15/2029<sup>(d)</sup> | 1064000 | 998729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 01/15/2033<sup>(d)</sup> | 1460000 | 1469068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 03/15/2034<sup>(d)</sup> | 1287000 | 1287900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CVR Partners LP / CVR Nitrogen Finance Corp. 6.125%, 06/15/2028<sup>(d)</sup> | 854000 | 851594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FMC Corp. 6.375%, 05/18/2053 | 40000 | 30188 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Chemicals - 1.55% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntsman International LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/01/2029 | $140000 | $131055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.950%, 06/15/2031 | 90000 | 74760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.700%, 10/15/2034 | 204000 | 187861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Methanex US Operations, Inc. 6.250%, 03/15/2032<sup>(d)</sup> | 170000 | 174016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nufarm Australia, Ltd. / Nufarm Americas, Inc. 5.000%, 01/27/2030<sup>(d)</sup> | 151000 | 135721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Olin Corp. 6.625%, 04/01/2033<sup>(d)</sup> | 1015000 | 994168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qnity Electronics, Inc. 5.750%, 08/15/2032<sup>(d)</sup> | 113000 | 113276 |
|  |  | 8178882 |
| **Commercial Services & Supplies - 1.10%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACCO Brands Corp. 4.250%, 03/15/2029<sup>(d)</sup> | 1029000 | 919498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cimpress PLC 7.375%, 09/15/2032<sup>(d)</sup> | 1100000 | 1091768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deluxe Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 06/01/2029<sup>(d)</sup> | 1292000 | 1301373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.125%, 09/15/2029<sup>(d)</sup> | 673000 | 699472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pitney Bowes, Inc. 7.250%, 03/15/2029<sup>(d)</sup> | 1411000 | 1412833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RR Donnelley & Sons Co. 9.500%, 08/01/2029<sup>(d)</sup> | 340000 | 344425 |
|  |  | 5769369 |
| **Communications Equipment - 0.16%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C 7.875%, 02/03/2030<sup>(d)</sup> | 230000 | 233385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viavi Solutions, Inc. 3.750%, 10/01/2029<sup>(d)</sup> | 660000 | 619820 |
|  |  | 853205 |
| **Construction Materials - 0.15%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Smyrna Ready Mix Concrete LLC 8.875%, 11/15/2031<sup>(d)</sup> | 500000 | 515988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Star Holding LLC 8.750%, 08/01/2031<sup>(d)</sup> | 260000 | 264104 |
|  |  | 780092 |
| **Consumer Finance - 2.93%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ally Financial, Inc. 6.700%, 02/14/2033 | 1540000 | 1551912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Azorra Finance, Ltd. 6.250%, 02/15/2034<sup>(d)</sup> | 450000 | 418766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bread Financial Holdings, Inc. 6.750%, 05/15/2031<sup>(d)</sup> | 293000 | 291095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit Acceptance Corp. 6.625%, 03/15/2030<sup>(d)</sup> | 1704000 | 1667407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enova International, Inc. 9.125%, 08/01/2029<sup>(d)</sup> | 1960000 | 2006538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FirstCash, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.630%, 09/01/2028<sup>(d)</sup> | 341000 | 335258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 03/01/2032<sup>(d)</sup> | 2762000 | 2818533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Navient Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.380%, 07/25/2030 | 1089000 | 1062563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 06/15/2032 | 208000 | 185702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 08/01/2033 | 220000 | 171751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OneMain Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 03/15/2033 | 160000 | 153094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 09/15/2033 | 1628000 | 1563047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRA Group, Inc. 8.880%, 01/31/2030<sup>(d)</sup> | 789000 | 797180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PROG Holdings, Inc. 6.000%, 11/15/2029<sup>(d)</sup> | 1270000 | 1207529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synchrony Financial 7.250%, 02/02/2033 | 1167000 | 1192791 |
|  |  | 15423166 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Consumer Staples Distribution & Retail - 0.62%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Foods, Inc. 4.750%, 02/15/2029<sup>(d)</sup> | $3292000 | $3250617 |
| **Containers & Packaging - 0.81%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cascades, Inc./Cascades USA, Inc. 6.750%, 07/15/2030<sup>(d)</sup> | 1341000 | 1353860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clydesdale Acquisition Holdings, Inc. 6.625%, 04/15/2029<sup>(d)</sup> | 710000 | 697844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OI European Group BV 4.750%, 02/15/2030<sup>(d)</sup> | 1393000 | 1300905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Owens-Brockway Glass Container, Inc. 7.375%, 06/01/2032<sup>(d)</sup> | 273000 | 258730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TriMas Corp. 4.125%, 04/15/2029<sup>(d)</sup> | 705000 | 671395 |
|  |  | 4282734 |
| **Diversified Consumer Services - 0.13%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carriage Services, Inc. 4.250%, 05/15/2029<sup>(d)</sup> | 650000 | 618052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Corp. International 4.000%, 05/15/2031 | 100000 | 93283 |
|  |  | 711335 |
| **Diversified Finan Serv - 0.06%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CrossCountry Intermediate HoldCo LLC 6.500%, 10/01/2030<sup>(d)</sup> | 310000 | 295860 |
| **Diversified REITs - 0.31%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RHP Hotel Properties LP / RHP Finance Corp. 4.500%, 02/15/2029<sup>(d)</sup> | 227000 | 220181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service Properties Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, 10/01/2029 | 73000 | 66195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, 06/15/2032 | 1370000 | 1359250 |
|  |  | 1645626 |
| **Diversified Telecommunication Services - 1.18%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directv Financing LLC / Directv Financing Co.-Obligor, Inc. 10.000%, 02/15/2031<sup>(d)</sup> | 1085000 | 1108457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iliad Holding SAS 7.000%, 04/15/2032<sup>(d)</sup> | 120000 | 120294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viasat, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 07/15/2028<sup>(d)</sup> | 1758000 | 1738669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 05/30/2031<sup>(d)</sup> | 1780000 | 1761235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vmed O2 UK Financing I PLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 04/15/2032<sup>(d)</sup> | 450000 | 431908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 01/15/2033<sup>(d)</sup> | 420000 | 375812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VZ Secured Financing BV 7.500%, 01/15/2033<sup>(d)</sup> | 703000 | 663280 |
|  |  | 6199655 |
| **Electric Utilities - 0.02%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Leeward Renewable Energy Operations LLC 4.250%, 07/01/2029<sup>(d)</sup> | 89000 | 83617 |
| **Electrical Equipment - 0.06%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Albion Financing 1 SARL / Aggreko Holdings, Inc. 7.000%, 05/21/2030<sup>(d)</sup> | 322000 | 329334 |
| **Electronic Equipment, Instruments & Components - 0.05%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;VM Consolidated, Inc. 5.500%, 04/15/2029<sup>(d)</sup> | 270000 | 261413 |
| **Energy Equipment & Services - 1.87%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kodiak Gas Services LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 04/01/2031<sup>(d)</sup> | 303000 | 304688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 10/01/2035<sup>(d)</sup> | 120000 | 121999 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Energy Equipment & Services - 1.87% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nabors Industries, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.875%, 08/15/2031<sup>(d)</sup> | $1888000 | $1968074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.625%, 11/15/2032<sup>(d)</sup> | 490000 | 501901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Precision Drilling Corp. 6.875%, 01/15/2029<sup>(d)</sup> | 535000 | 539273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tidewater, Inc. 9.125%, 07/15/2030<sup>(d)</sup> | 1376000 | 1467066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transocean International, Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 05/15/2029<sup>(d)</sup> | 1508000 | 1559090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 04/15/2031 | 790000 | 808006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 05/15/2031<sup>(d)</sup> | 160000 | 167906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USA Compression Partners LP / USA Compression Finance Corp. 7.125%, 03/15/2029<sup>(d)</sup> | 2019000 | 2066984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viridien 10.000%, 10/15/2030<sup>(d)</sup> | 300000 | 319492 |
|  |  | 9824479 |
| **Entertainment - 0.39%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discovery Global Holdings, Inc. 4.279%, 03/15/2032 | 2021000 | 1791111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OAK-Eagle Acquireco, Inc. 7.250%, 07/01/2033<sup>(d)</sup> | 243000 | 251929 |
|  |  | 2043040 |
| **Financial Services - 1.28%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Burford Capital Global Finance LLC 8.500%, 01/15/2034<sup>(d)</sup> | 250000 | 215000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CrossCountry Intermediate Holdco LLC 6.750%, 12/01/2032<sup>(d)</sup> | 110000 | 103613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Encore Capital Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 05/15/2030<sup>(d)</sup> | 347000 | 367108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 04/15/2031<sup>(d)</sup> | 2376000 | 2366306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freedom Mortgage Corp. 12.250%, 10/01/2030<sup>(d)</sup> | 90000 | 97174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freedom Mortgage Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 04/01/2032<sup>(d)</sup> | 70000 | 68931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 04/01/2033<sup>(d)</sup> | 700000 | 657022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jefferson Capital Holdings LLC 8.250%, 05/15/2030<sup>(d)</sup> | 320000 | 333838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mattamy Group Corp. 6.000%, 12/15/2033<sup>(d)</sup> | 370000 | 347885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PennyMac Financial Services, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.125%, 11/15/2030<sup>(d)</sup> | 470000 | 470872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 02/15/2034<sup>(d)</sup> | 680000 | 637074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rfna LP 7.875%, 02/15/2030<sup>(d)</sup> | 70000 | 66958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SV RNO Property Owner 1 LLC 5.875%, 03/01/2031<sup>(d)</sup> | 463000 | 457948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TrueNoord Capital DAC 8.750%, 03/01/2030<sup>(d)</sup> | 250000 | 255449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velocity Commercial Capital LLC 9.375%, 02/15/2031<sup>(d)</sup> | 302000 | 302158 |
|  |  | 6747336 |
| **Food Products - 0.67%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B&G Foods, Inc. 8.000%, 09/15/2028<sup>(d)</sup> | 2739000 | 2700534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Post Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 09/15/2031<sup>(d)</sup> | 780000 | 726146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 03/15/2036<sup>(d)</sup> | 120000 | 117639 |
|  |  | 3544319 |
| **Gas Utilities - 0.60%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suburban Propane Partners LP/Suburban Energy Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/01/2031<sup>(d)</sup> | 841000 | 792149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/15/2035<sup>(d)</sup> | 1168000 | 1136453 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Gas Utilities - 0.60% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Superior Plus LP / Superior General Partner, Inc. 4.500%, 03/15/2029<sup>(d)</sup> | $1273000 | $1217822 |
|  |  | 3146424 |
| **Ground Transportation - 0.31%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avis Budget Car Rental LLC / Avis Budget Finance, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 01/15/2030<sup>(d)</sup> | 805000 | 810410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 06/15/2032<sup>(d)</sup> | 355000 | 353369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RXO, Inc. 6.375%, 05/15/2031<sup>(d)</sup> | 262000 | 252046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stena International SA 7.250%, 01/15/2031<sup>(d)</sup> | 200000 | 202246 |
|  |  | 1618071 |
| **Health Care Equipment & Supplies - 0.18%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hologic Inc Holx 4 5/8 02/01/28 4.625%, 02/01/2028<sup>(d)</sup> | 940000 | 939177 |
| **Health Care Providers & Services - 0.89%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AdaptHealth LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 08/01/2029<sup>(d)</sup> | 2158000 | 2057833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 03/01/2030<sup>(d)</sup> | 767000 | 735382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CHS/Community Health Systems, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 04/15/2029<sup>(d)</sup> | 410000 | 394694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 04/01/2030<sup>(d)</sup> | 1050000 | 914103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DaVita, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 02/15/2031<sup>(d)</sup> | 40000 | 36701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 09/01/2032<sup>(d)</sup> | 70000 | 71771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prime Healthcare Services, Inc. 9.375%, 09/01/2029<sup>(d)</sup> | 420000 | 435832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Select Medical Corp. 6.250%, 12/01/2032<sup>(d)</sup> | 70000 | 66782 |
|  |  | 4713098 |
| **Health Care REITs - 1.08%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diversified Healthcare Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/15/2028 | 1570000 | 1510369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.375%, 03/01/2031 | 1310000 | 1165539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MPT Operating Partnership LP / MPT Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 10/15/2027 | 50000 | 46585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, 08/01/2029 | 3723000 | 2899286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/15/2031 | 140000 | 91630 |
|  |  | 5713409 |
| **Hotels, Restaurants & Leisure - 0.95%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011778 BC ULC / New Red Finance, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.380%, 01/15/2028<sup>(d)</sup> | 183000 | 180562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 09/15/2029<sup>(d)</sup> | 600000 | 602057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Churchill Downs, Inc. 4.750%, 01/15/2028<sup>(d)</sup> | 215000 | 212220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Great Canadian Gaming Corp./Raptor LLC 8.750%, 11/15/2029<sup>(d)</sup> | 280000 | 273343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Domestic Operating Co., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 05/01/2029<sup>(d)</sup> | 713000 | 682862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 05/01/2031<sup>(d)</sup> | 240000 | 225439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc. 5.000%, 06/01/2029<sup>(d)</sup> | 1725000 | 1638939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marriott Ownership Resorts, Inc. 6.500%, 10/01/2033<sup>(d)</sup> | 220000 | 209389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voyager Parent LLC 9.250%, 07/01/2032<sup>(d)</sup> | 461000 | 478905 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Hotels, Restaurants & Leisure - 0.95% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wyndham Hotels & Resorts, Inc. 4.375%, 08/15/2028<sup>(d)</sup> | $537000 | $524888 |
|  |  | 5028604 |
| **Household Durables - 1.58%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beazer Homes USA, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 10/15/2029 | 740000 | 740000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 03/15/2031<sup>(d)</sup> | 1222000 | 1201949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brookfield Residential Properties, Inc. / Brookfield Residential US LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2029<sup>(d)</sup> | 240000 | 227937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, 02/15/2030<sup>(d)</sup> | 190000 | 174682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Century Communities, Inc. 3.880%, 08/15/2029<sup>(d)</sup> | 1514000 | 1422143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LGI Homes, Inc. 7.000%, 11/15/2032<sup>(d)</sup> | 1159000 | 1076436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M/I Homes, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.950%, 02/01/2028 | 662000 | 653965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.950%, 02/15/2030 | 465000 | 436489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Somnigroup International, Inc. 4.000%, 04/15/2029<sup>(d)</sup> | 705000 | 678462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taylor Morrison Communities, Inc. 5.750%, 01/15/2028<sup>(d)</sup> | 1122000 | 1125745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weekley Homes LLC / Weekley Finance Corp. 6.750%, 01/15/2034<sup>(d)</sup> | 330000 | 316469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whirlpool Corp. 6.125%, 06/15/2030 | 281000 | 274589 |
|  |  | 8328866 |
| **Household Products - 0.12%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Garden & Pet Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.120%, 10/15/2030 | 630000 | 593113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 04/30/2031<sup>(d)</sup> | 40000 | 37305 |
|  |  | 630418 |
| **Independent Power and Renewable Electricity Producers - 0.05%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;California Buyer, Ltd. / Atlantica Sustainable Infrastructure PLC 6.375%, 02/15/2032<sup>(d)</sup> | 290000 | 283526 |
| **Industrial Conglomerates - 0.56%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Icahn Enterprises LP / Icahn Enterprises Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.750%, 01/15/2029 | 1120000 | 1101931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.380%, 02/01/2029 | 260000 | 222147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.000%, 11/15/2029<sup>(d)</sup> | 1428000 | 1408577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.000%, 06/15/2030 | 219000 | 205569 |
|  |  | 2938224 |
| **Insurance - 0.44%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acrisure LLC / Acrisure Finance, Inc. 7.500%, 11/06/2030<sup>(d)</sup> | 315000 | 316678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 04/15/2028<sup>(d)</sup> | 230000 | 231387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 01/15/2031<sup>(d)</sup> | 800000 | 807218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves 7.875%, 11/01/2029<sup>(d)</sup> | 320000 | 289656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HUB International, Ltd. 7.250%, 06/15/2030<sup>(d)</sup> | 50000 | 51249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jones Deslauriers Insurance Management, Inc. 8.500%, 03/15/2030<sup>(d)</sup> | 360000 | 366220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nassau Cos. of New York 7.875%, 07/15/2030<sup>(d)</sup> | 277000 | 253279 |
|  |  | 2315687 |
| **Interactive Media & Services - 0.11%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ANGI Group LLC 3.875%, 08/15/2028<sup>(d)</sup> | 353000 | 314594 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Interactive Media & Services - 0.11% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dotdash Meredith, Inc. 7.625%, 06/15/2032<sup>(d)</sup> | $280000 | $258574 |
|  |  | 573168 |
| **IT Services - 0.92%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APLD ComputeCo LLC 9.250%, 12/15/2030<sup>(d)</sup> | 530000 | 546537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asurion LLC/ Asurion Co.-Issuer, Inc. 8.000%, 12/31/2032<sup>(d)</sup> | 1126000 | 1169112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cipher Compute LLC 7.125%, 11/15/2030<sup>(d)</sup> | 360000 | 373421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoreWeave, Inc. 9.000%, 02/01/2031<sup>(d)</sup> | 1549000 | 1475839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Twilio, Inc. 3.625%, 03/15/2029 | 1352000 | 1293866 |
|  |  | 4858775 |
| **Life Sciences Tools & Services - 0.10%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charles River Laboratories International, Inc. 3.750%, 03/15/2029<sup>(d)</sup> | 180000 | 170679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Star Parent, Inc. 9.000%, 10/01/2030<sup>(d)</sup> | 340000 | 352665 |
|  |  | 523344 |
| **Machinery - 0.41%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dcli Bidco LLC 7.750%, 11/15/2029<sup>(d)</sup> | 270000 | 273252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Esab Corp. 6.250%, 04/15/2029<sup>(d)</sup> | 140000 | 142261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JB Poindexter & Co., Inc. 8.750%, 12/15/2031<sup>(d)</sup> | 320000 | 324742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Park-Ohio Industries, Inc. 8.500%, 08/01/2030<sup>(d)</sup> | 710000 | 728322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wabash National Corp. 4.500%, 10/15/2028<sup>(d)</sup> | 816000 | 715923 |
|  |  | 2184500 |
| **Marine Transportation - 0.23%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danaos Corp. 6.875%, 10/15/2032<sup>(d)</sup> | 1069000 | 1087123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stena International SA 7.625%, 02/15/2031<sup>(d)</sup> | 110000 | 112791 |
|  |  | 1199914 |
| **Media - 1.54%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMC Networks, Inc. 10.500%, 07/15/2032<sup>(d)</sup> | 664000 | 655991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CCO Holdings LLC / CCO Holdings Capital Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 06/01/2029<sup>(d)</sup> | 330000 | 325668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 02/01/2036<sup>(d)</sup> | 262000 | 261146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EchoStar Corp. 10.750%, 11/30/2029 | 860000 | 929545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gray Media, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.750%, 10/15/2030<sup>(d)</sup> | 1179000 | 910998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 11/15/2031<sup>(d)</sup> | 950000 | 706178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iHeartCommunications, Inc. 10.875%, 05/01/2030<sup>(d)</sup> | 377810 | 242507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lamar Media Corp. 3.750%, 02/15/2028 | 2048000 | 1993146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stagwell Global LLC 5.625%, 08/15/2029<sup>(d)</sup> | 1297000 | 1235921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Univision Communications, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 07/31/2031<sup>(d)</sup> | 500000 | 502827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.375%, 08/01/2032<sup>(d)</sup> | 350000 | 360976 |
|  |  | 8124903 |
| **Metals & Mining - 1.18%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cleveland-Cliffs, Inc. 7.625%, 01/15/2034<sup>(d)</sup> | 469000 | 458643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compass Minerals International, Inc. 8.000%, 07/01/2030<sup>(d)</sup> | 516000 | 534352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortescue Treasury Pty, Ltd. 6.125%, 04/15/2032<sup>(d)</sup> | 51000 | 52159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesis Energy LP / Genesis Energy Finance Corp. 6.750%, 03/15/2034 | 566000 | 563714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mineral Resources, Ltd. 7.000%, 04/01/2031<sup>(d)</sup> | 2811000 | 2875145 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Metals & Mining - 1.18% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novelis Corp. 4.750%, 01/30/2030<sup>(d)</sup> | $790000 | $747943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SunCoke Energy, Inc. 4.880%, 06/30/2029<sup>(d)</sup> | 1062000 | 959372 |
|  |  | 6191328 |
| **Mortgage Real Estate Investment Trusts (REITs) - 1.44%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arbor Realty SR, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 12/15/2028<sup>(d)</sup> | 800000 | 786542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 07/15/2030<sup>(d)</sup> | 375000 | 346994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risewell Homes, Inc. 8.500%, 11/01/2030<sup>(d)</sup> | 310000 | 303512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rithm Capital Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 04/01/2029<sup>(d)</sup> | 1556000 | 1530062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 07/15/2030<sup>(d)</sup> | 1149000 | 1109878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Star Leasing Co. LLC 7.625%, 02/15/2030<sup>(d)</sup> | 318000 | 294617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starwood Property Trust, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 10/15/2028<sup>(d)</sup> | 1640000 | 1622361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 04/01/2029<sup>(d)</sup> | 579000 | 596879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 07/01/2030<sup>(d)</sup> | 780000 | 797027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UWM Holdings LLC 6.625%, 02/01/2030<sup>(d)</sup> | 220000 | 207695 |
|  |  | 7595567 |
| **Oil, Gas & Consumable Fuels - 5.67%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alliance Resource Operating Partners LP / Alliance Resource Finance Corp. 8.630%, 06/15/2029<sup>(d)</sup> | 620000 | 644474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Partners LP / Antero Midstream Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 02/01/2032<sup>(d)</sup> | 830000 | 851235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 10/15/2033<sup>(d)</sup> | 596000 | 589799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buckeye Partners LP: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/01/2028<sup>(d)</sup> | 480000 | 472314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 02/01/2030<sup>(d)</sup> | 120000 | 123909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California Resources Corp. 7.000%, 01/15/2034<sup>(d)</sup> | 1411000 | 1423391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comstock Resources, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 03/01/2029<sup>(d)</sup> | 1444000 | 1426423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 01/15/2030<sup>(d)</sup> | 357000 | 345883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crescent Energy Finance LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.625%, 04/01/2032<sup>(d)</sup> | 90000 | 91384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.375%, 01/15/2033<sup>(d)</sup> | 540000 | 540267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 01/15/2034<sup>(d)</sup> | 854000 | 893515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CVR Energy, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 02/15/2031<sup>(d)</sup> | 370000 | 373077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 02/15/2034<sup>(d)</sup> | 505000 | 507113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delek Logistics Partners LP / Delek Logistics Finance Corp. 7.375%, 06/30/2033<sup>(d)</sup> | 1586000 | 1600230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulfport Energy Operating Corp. 6.750%, 09/01/2029<sup>(d)</sup> | 1047000 | 1072097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harvest Midstream I LP 7.500%, 05/15/2032<sup>(d)</sup> | 230000 | 234900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream Operations LP 5.875%, 03/01/2028<sup>(d)</sup> | 420000 | 422943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilcorp Energy I LP / Hilcorp Finance Co.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 02/01/2031<sup>(d)</sup> | 40000 | 38905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.250%, 04/15/2032<sup>(d)</sup> | 630000 | 610179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, 05/15/2034<sup>(d)</sup> | 10000 | 9790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 02/15/2035<sup>(d)</sup> | 50000 | 49886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ithaca Energy North Sea PLC 8.125%, 10/15/2029<sup>(d)</sup> | 730000 | 749057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kraken Oil & Gas Partners LLC 7.625%, 08/15/2029<sup>(d)</sup> | 280000 | 286091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Murphy Oil Corp. 6.500%, 02/15/2034 | 725000 | 716523 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Oil, Gas & Consumable Fuels - 5.67% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NGL Energy Operating LLC / NGL Energy Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.130%, 02/15/2029<sup>(d)</sup> | $90000 | $93108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.380%, 02/15/2032<sup>(d)</sup> | 2497000 | 2575091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northern Oil & Gas, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.750%, 06/15/2031<sup>(d)</sup> | 90000 | 93638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 10/15/2033<sup>(d)</sup> | 1129000 | 1168863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PBF Holding Co. LLC / PBF Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.875%, 03/15/2030<sup>(d)</sup> | 1409000 | 1511200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.875%, 09/15/2030<sup>(d)</sup> | 1083000 | 1112866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saturn Oil & Gas, Inc., L + 9.63%, 06/15/2029<sup>(d)</sup> | 1100000 | 1152110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SM Energy Co. 6.750%, 08/01/2029<sup>(d)</sup> | 718000 | 729335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summit Midstream Holdings LLC 8.625%, 10/31/2029<sup>(d)</sup> | 1224000 | 1259627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunoco LP / Sunoco Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 09/15/2028<sup>(d)</sup> | 920000 | 941681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/15/2029 | 1593000 | 1554461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talos Production, Inc. 9.375%, 02/01/2031<sup>(d)</sup> | 1904000 | 2018872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Venture Global LNG, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 01/15/2030<sup>(d)</sup> | 10000 | 10216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.375%, 06/01/2031<sup>(d)</sup> | 1284000 | 1335996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wildfire Intermediate Holdings LLC 7.500%, 10/15/2029<sup>(d)</sup> | 230000 | 233214 |
|  |  | 29863663 |
| **Personal Care Products - 0.44%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edgewell Personal Care Co. 4.125%, 04/01/2029<sup>(d)</sup> | 105000 | 99261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HLF Financing Sarl LLC / Herbalife International, Inc. 4.875%, 06/01/2029<sup>(d)</sup> | 2385000 | 2233741 |
|  |  | 2333002 |
| **Pharmaceuticals - 0.36%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Prestige Brands, Inc. 3.750%, 04/01/2031<sup>(d)</sup> | 2096000 | 1922597 |
| **Professional Services - 0.20%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASGN, Inc. 4.625%, 05/15/2028<sup>(d)</sup> | 976000 | 945733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clarivate Science Holdings Corp. 4.875%, 07/01/2029<sup>(d)</sup> | 110000 | 95580 |
|  |  | 1041313 |
| **Real Estate Management & Development - 0.41%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ashton Woods USA LLC / Ashton Woods Finance Co. 6.875%, 08/01/2033<sup>(d)</sup> | 375000 | 362331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Five Point Operating Co. LP 8.000%, 10/01/2030<sup>(d)</sup> | 260000 | 259552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howard Hughes Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 02/01/2029<sup>(d)</sup> | 830000 | 785743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.380%, 02/01/2031<sup>(d)</sup> | 40000 | 36754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 03/01/2032<sup>(d)</sup> | 196000 | 188809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.125%, 03/01/2034<sup>(d)</sup> | 282000 | 271060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UWM Holdings LLC 6.250%, 03/15/2031<sup>(d)</sup> | 260000 | 236997 |
|  |  | 2141246 |
| **Software - 1.27%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud Software Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 03/31/2029<sup>(d)</sup> | 1130000 | 1103507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 06/30/2032<sup>(d)</sup> | 350000 | 332232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.625%, 08/15/2033<sup>(d)</sup> | 411000 | 365782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elastic NV 4.125%, 07/15/2029<sup>(d)</sup> | 260000 | 244100 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Software - 1.27% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair Isaac Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/15/2028<sup>(d)</sup> | $1906000 | $1851050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/15/2033<sup>(d)</sup> | 80000 | 78546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gen Digital, Inc. 7.125%, 09/30/2030<sup>(d)</sup> | 383000 | 386978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Open Text Corp.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.880%, 02/15/2028<sup>(d)</sup> | 100000 | 96375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.880%, 12/01/2029<sup>(d)</sup> | 1340000 | 1198998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Open Text Holdings, Inc. 4.125%, 02/15/2030<sup>(d)</sup> | 585000 | 523220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RingCentral, Inc. 8.500%, 08/15/2030<sup>(d)</sup> | 30000 | 31411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UKG, Inc. 6.875%, 02/01/2031<sup>(d)</sup> | 510000 | 498867 |
|  |  | 6711066 |
| **Specialized REITs - 0.08%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC 6.500%, 02/15/2029<sup>(d)</sup> | 410000 | 398562 |
| **Specialty Retail - 0.50%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Men's Wearhouse LLC 9.000%, 02/01/2031<sup>(d)</sup> | 269000 | 276256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petco Health & Wellness Co., Inc. 8.250%, 02/01/2031<sup>(d)</sup> | 79000 | 78946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PetSmart LLC / PetSmart Finance Corp. 7.500%, 09/15/2032<sup>(d)</sup> | 608000 | 611414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Victra Holdings LLC / Victra Finance Corp. 8.750%, 09/15/2029<sup>(d)</sup> | 260000 | 270055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wayfair LLC: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.250%, 10/31/2029<sup>(d)</sup> | 259000 | 264555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 09/15/2030<sup>(d)</sup> | 1087000 | 1132553 |
|  |  | 2633779 |
| **Technology Hardware, Storage & Peripherals - 0.43%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagate Data Storage Technology Pte, Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.250%, 12/15/2029<sup>(d)</sup> | 1050000 | 1103385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.875%, 07/15/2030<sup>(d)</sup> | 220000 | 223764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 12/01/2034<sup>(d)</sup> | 344000 | 343570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WULF Compute LLC 7.750%, 10/15/2030<sup>(d)</sup> | 539000 | 569893 |
|  |  | 2240612 |
| **Telecommunications - 0.08%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;APLD ComputeCo 2 LLC 6.750%, 03/15/2031<sup>(d)</sup> | 451000 | 447996 |
| **Textiles, Apparel & Luxury Goods - 0.21%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ION Platform Finance US, Inc. 7.875%, 09/30/2032<sup>(d)</sup> | 140000 | 108539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Armour, Inc. 7.250%, 07/15/2030<sup>(d)</sup> | 661000 | 669395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;William Carter Co. 7.375%, 02/15/2031<sup>(d)</sup> | 330000 | 336998 |
|  |  | 1114932 |
| **Thrifts & Mortgage Finance (Discontinued) - 0.07%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Wholesale Mortgage LLC 5.500%, 04/15/2029<sup>(d)</sup> | 380000 | 356034 |
| **Trading Companies & Distributors - 0.21%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alta Equipment Group, Inc. 9.000%, 06/01/2029<sup>(d)</sup> | 708000 | 630976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Rentals North America, Inc. 5.375%, 11/15/2033<sup>(d)</sup> | 140000 | 136280 |

---

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| CORPORATE BONDS - 39.89% (continued) |  |  |
| **Trading Companies & Distributors - 0.21% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veritiv Operating Co. 10.500%, 11/30/2030<sup>(d)</sup> | $340000 | $353769 |
|  |  | 1121025 |
| TOTAL CORPORATE BONDS |  |  |
| (Cost $211,273,641) |  | 210052878 |
|  | **Shares** | **Value** |
| COMMON STOCK - 0.51% |  |  |
| **Diversified Consumer Services - 0.02%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loyalty Ventures Inc<sup>(c)(e)</sup> | 1353511 | 128583 |
| **Energy Equipment & Services - 0.23%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brock Holdings III Inc.<sup>(c)(e)</sup> | 164832 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Safety Holdings, LLC<sup>(c)(e)</sup> | 2951 | 1106625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utex Industries Holdings, LLC<sup>(e)</sup> | 3182 | 89096 |
|  |  | 1195721 |
| **Health Care Providers & Services - 0.26%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Envision Healthcare Corp. Equity<sup>(e)</sup> | 79338 | 1375192 |
| TOTAL COMMON STOCK |  |  |
| (Cost $9,129,123) |  | 2699496 |
| SHORT-TERM INVESTMENTS - 0.17% |  |  |
| **Open-end Investment Companies - 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Treasury Portfolio - Class I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3.53% 7-Day Yield) | 916621 | 916621 |
| TOTAL SHORT-TERM INVESTMENTS |  |  |
| (Cost $916,621) |  | 916621 |
| Total Investments- 161.08% |  |  |
| (Cost $896,277,510) |  | 848258845 |
| Liabilities in Excess of Other Assets - 0.68% |  | 3525677 |
| Mandatory Redeemable Preferred Shares - (8.55)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(liquidation preference plus distributions payable on term preferred shares) |  | $(45000000) |
| Leverage Facility - (53.21)% |  | (280200000) |
| **Net Assets - 100.00%** |  | $526584522 |

---

*Amounts above are shown as a percentage of net assets as of March 31, 2026.*

Blackstone Strategic Credit 2027 Term Fund Portfolio of Investments

March 31, 2026

**Investment Abbreviations:**

SOFR - Secured Overnight Financing Rate

**Reference Rates:**

3M CME TERM SOFR - 3M CME TERM SOFR as of March 31, 2026 was 3.68%

6M CME TERM SOFR - 6M CME TERM SOFR as of March 31, 2026 was 3.70%

1M US SOFR - 1 Month SOFR as of March 31, 2026 was 3.65%

3M US SOFR - 3 Month SOFR as of March 31, 2026 was 3.68%

6M US SOFR - 6 Month SOFR as of March 31, 2026 was 3.86%

 

*<sup>(a)</sup>* *Floating or variable rate security. The reference rate is described above. The rate in effect as of March 31, 2026, is based on the reference rate plus the displayed spread as of the security's last reset date. Where applicable, the reference rate is subject to a floor rate.*

*<sup>(b)</sup>* *A portion of this position was not funded as of March 31, 2026. The Portfolio of Investments records only the funded portion of each position. As of March 31, 2026, the Fund has unfunded delayed draw loans in the amount of $756,625. Fair value of these unfunded delayed draws was $750,573. Additional information is provided in Note 4 General Commitments and Contingencies.*

*<sup>(c)</sup>* *Level 3 assets valued using significant unobservable inputs as a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.*

*<sup>(d)</sup>* *Security exempt from registration under Rule 144A of the Securities Act of 1933. Total market value of Rule 144A securities amounts to $180,230,707, which represented approximately 34.23% of net assets as of March 31, 2026. Such securities may normally be sold to qualified institutional buyers in transactions exempt from registration.*

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

Blackstone Strategic Credit 2027 Term Notes to Quarterly Portfolio of Investments

March 31, 2026

**NOTE 1. ORGANIZATION**

Blackstone Strategic Credit 2027 Term Fund ("BGB", the "Fund") is a diversified, closed-end management investment company. BGB was organized as a Delaware statutory trust on March 28, 2012. BGB was registered under the Investment Company Act of 1940, as amended (the "1940 Act") on April 6, 2012. BGB commenced operations on September 26, 2012. Prior to that date, BGB had no operations other than matters relating to its organization and the sale and issuance of 5,236 common shares of beneficial interest in BGB to Blackstone Liquid Credit Strategies LLC (the "Adviser") at a price of $19.10 per share. The Adviser serves as the investment adviser for BGB. BGB's common shares are listed on the New York Stock Exchange (the "Exchange") and trade under the ticker symbol "BGB."

BGB will dissolve on or about September 15, 2027, absent shareholder approval to extend such term. Upon dissolution, BGB will distribute substantially all of its net assets to shareholders, after making appropriate provision for any liabilities of BGB. Pursuant to BGB's Amended and Restated Agreement and Declaration of Trust, prior to the date of dissolution, a majority of BGB's Board of Trustees (the "Board"), with the approval of a majority of the outstanding voting securities entitled to vote (as defined in the 1940 Act), may extend the life of BGB. If approved, the dissolution date of BGB may be extended by a period of two years or such shorter time as may be determined.

The Fund was previously classified as a non-diversified investment company for purposes of the 1940 Act. As a result of ongoing operations, BGB as of September 25, 2015 is now classified as a diversified company. This means that with respect to 75% of the Fund's total assets, no more than 5% of such Fund's total assets may be invested in any one issuer, excepting cash and cash items, U.S. government securities, and securities of other investment companies. The Fund may not resume operating in a non-diversified manner without first obtaining shareholder approval in accordance with the 1940 Act.

**Investment Objectives:** BGB's primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. BGB will seek to achieve its investment objectives by investing primarily in a diversified portfolio of loans and other fixed income instruments of predominantly U.S. corporate issuers, including first- and second-lien secured loans ("Senior Secured Loans") and high yield corporate bonds of varying maturities. Under normal market conditions, at least 80% of BGB's Managed Assets (defined in Note 3) will be invested in credit investments comprised of corporate fixed income instruments and other investments (including derivatives) with similar economic characteristics.

Senior Loans, Secured Loans and Senior Secured Loans are referred to collectively as "Loans" throughout the Notes to Financial Statements.

**NOTE 2. SIGNIFICANT ACCOUNTING POLICIES**

**Basis of Presentation:** The Fund's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and are stated in U.S. dollars. The Fund is considered an Investment Company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board Accounting Standards Codification Topic 946.

The preparation of financial statements requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statement. Actual results could differ from these estimates. The Fund operates as a single operating segment. As a result, the Fund's segment accounting policies are consistent with those described herein and the Fund does not have any intra-segment sales and transfers of assets.

**Portfolio Valuation:** BGB's net asset value ("NAV") is determined daily on each day that the Exchange is open for business, as of the close of the regular trading session on the Exchange. The Fund calculates NAV per share by subtracting liabilities (including accrued expenses or dividends) from the total assets of the Fund (the value of the securities plus cash or other assets, including interest accrued but not yet received) and dividing the result by the total number of outstanding common shares of the Fund.

Loans are primarily valued by using a composite loan price from a nationally recognized loan pricing service. The methodology used by the Fund's nationally recognized loan pricing provider for composite loan prices is to value loans at the mean of the bid and ask prices from one or more brokers or dealers. Collateralized Loan Obligation securities ("CLOs") are valued at the price provided by a nationally recognized pricing service. The prices provided by the nationally recognized pricing service are typically based on the evaluated mid-price of each of the CLOs. Corporate bonds and convertible bonds, other than short-term investments, are valued at the price provided by a nationally recognized pricing service. The prices provided by the nationally recognized pricing service are typically based on the mean of bid and ask prices for each corporate bond security. In determining the value of a particular investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrices, market transactions in comparable investments, various relationships observed in the market between investments and calculated yield measures based on valuation technology commonly employed in the market for such investments. Equity securities for which market quotations are available are generally valued at the last sale price or official closing price on the primary market or exchange on which they trade.

Blackstone Strategic Credit 2027 Term Notes to Quarterly Portfolio of Investments

March 31, 2026

Futures contracts, if any, are ordinarily valued at the last sales price on the securities or commodities exchange on which they are traded. Written and purchased options, if any, are ordinarily valued at the closing price on the securities or commodities exchange on which they are traded. Open-end investment companies are generally valued at their closing net asset values as reported on each business day. To the extent current market quotations are not readily available, short-term debt investments, if any, having a remaining maturity of 60 days or less when purchased would be valued at cost adjusted for amortization of premiums and accretion of discounts.

In accordance with Rule 2a-5 under the 1940 Act, the Fund's Board of Trustees (the "Board") has designated the Adviser as the valuation designee to perform fair value determinations related to the Fund's investments, subject to the Board's oversight and periodic reporting requirements.

Any investments and other assets for which such current market quotations are not readily available are valued at fair value ("Fair Valued Assets") as determined in good faith by a committee of the Adviser ("Fair Valued Asset Committee") under procedures established by, and under the general supervision and responsibility of, the Fund's Board. Such methods may include, but are not limited to, the use of a market comparable and/or income approach methodologies. A Fair Valued Asset Committee meeting may be called at any time by any member of the Fair Valued Asset Committee. The pricing of all Fair Valued Assets and determinations thereof shall be reported by the Adviser as the valuation designee to the Board at each regularly scheduled quarterly meeting. The Fund has procedures to identify and investigate potentially stale or missing prices for investments which are valued using a nationally recognized pricing service, exchange price or broker-dealer quotations. After performing such procedures, any prices which are deemed to be stale are reviewed by the Fair Valued Asset Committee and an alternative pricing source is determined.

Various inputs are used to determine the value of BGB's investments. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1— Unadjusted quoted prices in active markets for identical investments at the measurement date.

Level 2— 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 categorization of a value determined for investments and other financial instruments is based on the pricing transparency of the investment and other financial instrument and does not necessarily correspond to the Fund's perceived risk of investing in those securities. Investments measured and reported at fair value are classified and disclosed in one of the following levels within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement.

Blackstone Strategic Credit 2027 Term Notes to Quarterly Portfolio of Investments

March 31, 2026

The following tables summarize valuation of BGB's investments under the fair value hierarchy levels as of March 31, 2026:

**Blackstone Strategic Credit 2027 Term Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities at Fair Value\*** | **Level 1 - Quoted Prices** | **Level 2 - Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Floating Rate Loan Interests |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital Markets | $– | $33279158 | $2440647 | $35719805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electrical Equipment |  | 5752031 | 1071519 | 6823550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electronic Equipment, Instruments & Components |  | 2791948 | 1156174 | 3948122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care Providers & Services |  | 33718115 | 2541129 | 36259244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance |  | 18326363 | 2548309 | 20874672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage Real Estate Investment Trusts (REITs) |  | 5106505 | 1134945 | 6241450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pharmaceuticals |  | 7018433 | 1917568 | 8936001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate Management & Development |  |  | 626894 | 626894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Software |  | 99198608 | 1153010 | 100351618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrifts & Mortgage Finance |  | 15811750 | 454099 | 16265849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other |  | 398542645 |  | 398542645 |
| Corporate Bonds |  | 210052878 |  | 210052878 |
| Common Stock |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diversified Consumer Services |  |  | 128583 | 128583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Equipment & Services |  | 89096 | 1106625 | 1195721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care Providers & Services |  | 1375192 |  | 1375192 |
| Short Term Investments | 916621 | – | – | 916621 |
| Total | $916621 | $831062722 | $16279502 | $848258845 |
| **Other Financial Instruments** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| Net Unrealized Depreciation on Unfunded Loan Commitments | – | (3438) | – | (3438) |
| Total | – | (3438) | – | (3438) |

---

*\** *Refer to each Fund's Portfolio of Investments for a listing of securities by type.*

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of March 31, 2026, the Fund's outstanding borrowings of $280,200,000 under its Leverage Facility are categorized as Level 2 within the fair value hierarchy.

Blackstone Strategic Credit 2027 Term Notes to Quarterly Portfolio of Investments

March 31, 2026

The changes of the fair value investments for which BGB has used significant unobservable (Level 3) inputs to determine the fair value are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Blackstone Strategic Credit 2027 Term Fund** | **Floating Rate<br> Loan Interests** | **Common Stock** | **Warrants** | **Total** |
| Balance as of December 31, 2025 | $17341209 | $1106625 | $3182 | $18451016 |
| &nbsp;&nbsp;&nbsp;Accrued Discount/Premium | 33105 |  |  | 33105 |
| &nbsp;&nbsp;&nbsp;Realized Gain/(Loss) | (17046) |  |  | (17046) |
| &nbsp;&nbsp;&nbsp;Change in Unrealized Appreciation/(Depreciation) | (599396) |  |  | (599396) |
| &nbsp;&nbsp;&nbsp;Purchases<sup>(1)</sup> | 5519461 |  |  | 5519461 |
| &nbsp;&nbsp;&nbsp;Sales Proceeds<sup>(2)</sup> | (2966530) |  | (3182) | (2969712) |
| &nbsp;&nbsp;&nbsp;Transfer into Level 3 | 6377213 | 128583 |  | 6505796 |
| &nbsp;&nbsp;&nbsp;Transfer out of Level 3 | (10643722) | – | – | (10643722) |
| Balance as of March 31, 2026 | $15044294 | $1235208 | $– | $16279502 |
| Net change in unrealized appreciation/(depreciation) included in the Statements of Operations attributable to Level 3 investments held at March 31, 2026 | $(420629) | $17765 | $– | $(402864) |

---

*<sup>(1)</sup> Purchases include all purchases of securities and securities received in corporate actions.*

*<sup>(2)</sup> Sales Proceeds include all sales of securities, maturities, paydowns and securities tendered in corporate actions.*

 

Information about Level 3 fair value measurements as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Blackstone Strategic Credit 2027 Term Fund** | **Fair Value** | **Valuation Technique** | **Unobservable<br> Input(s)** | **Value/Rate<br> (Weighted Average)** |
| Floating Rate Loan Interests | $15044294 | Third Party Vendor Pricing Services | Broker Quotes | N/A |
| Common Stock | – \* | N/A | N/A | N/A |
|  | 1235208 | Third Party Vendor Pricing Services | Broker Quotes | N/A |

---

A change to the unobservable input at the reporting date would result in a significant change to the value of the investment as follows:

---

| | | |
|:---|:---|:---|
| **Unobservable Input** | **Impact to Value if Input Increases** | **Impact to Value if Input Decreases** |
| Broker Quotes | Increase | Decrease |

---

*\** *Brock Holdings III Inc. shares are classified as a Level 3 investment and are fair valued at zero as of March 31, 2026.*

 

Securities were transferred from Level 2 to Level 3 because of a lack of observable market data due to decrease in market activity and information for these securities. Other securities were transferred from Level 3 to Level 2 as observable inputs were available for purposes of valuing those assets.

**Securities Transactions and Investment Income:** Securities transactions are recorded on trade date for financial reporting purposes, and amounts payable or receivable for trades not settled at the time of period end are reflected as liabilities and assets, respectively. Interest income is recognized on an accrual basis from the date of settlement. Accretion of discount and amortization of premium, which are included in interest income, are accreted or amortized daily using the accrual basis interest method. Dividend income is recorded on the ex-dividend date. Realized gains and losses from securities transactions and foreign currency transactions, if any, are recorded on the basis of identified cost.

When the Fund sells a floating rate loan interest, it may pay an agency fee. The Fund earns facility and other fees on floating rate loan interests, and facility fees are typically amortized to income over the term of the loan. Consent and amendment fees are also recorded to income as earned.

**NOTE 3. LOANS AND OTHER INVESTMENTS**

Under normal market conditions, at least 80% of BGB's Managed Assets (as defined below) will be invested in credit investments comprised of corporate fixed income instruments and other investments (including derivatives) with similar economic characteristics. BGB defines "Managed Assets" as total assets (including "effective leverage" (meaning leverage incurred through total return swaps, securities lending arrangements, credit default swaps or other derivative transactions) and "traditional leverage" (meaning borrowing money or issuing preferred shares (but will not issue auction rate preferred shares), debt securities or commercial paper, or entering into similar transactions)). As of March 31, 2026, 99.16% of BGB's Managed Assets were held in corporate fixed income instruments, including Senior Secured Loans. The Fund may invest in assignments or participations of Senior Secured Loans made to U.S. and, to a limited extent, non-U.S. corporations, partnerships and other business entities ("Borrowers") which operate in various industries and geographical regions.

Blackstone Strategic Credit 2027 Term Notes to Quarterly Portfolio of Investments

March 31, 2026

Senior Secured Loans hold a senior position in the capital structure of a business entity, are secured with specific collateral and have a claim on the assets and/or stock of the Borrower that is senior to that held by unsecured creditors, subordinated debt holders and stockholders of the Borrower.

Loans often require prepayment from Borrowers' excess cash flows or permit the Borrowers' to repay at their election. The degree to which Borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, floating rate loans typically have an expected average life of two to four years. Floating rate loans typically have rates of interest which are re-determined periodically, either daily, monthly, quarterly or semi-annually by reference to a floating base lending rate, primarily the Secured Overnight Financing Rate ("SOFR"), plus a premium or credit spread.

Loans are subject to the risk of payment defaults of scheduled interest or principal. Such non-payment could result in a reduction of income, a reduction in the value of the investment and a potential decrease in the NAV of the Fund. Risk of loss of income is generally higher for subordinated unsecured loans or debt, which are not backed by a security interest in any specific collateral. There can be no assurance that the liquidation of any collateral securing a Loan would satisfy the Borrower's obligation to the Fund in the event of non-payment of scheduled interest or principal payments, or that such collateral could be readily liquidated.

Second lien loans generally are subject to similar risks as those associated with investments in first lien loans except that such loans are subordinated in payment and/or lower in lien priority to first lien holders. In the event of default on a second lien loan, the first priority lien holder has first claim to the underlying collateral of the loan. Second lien loans are subject to the additional risk that the cash flow of the Borrower and property securing the loan or debt, if any, may be insufficient to meet scheduled payments after giving effect to the senior obligations of the Borrower. As of March 31, 2026, BGB had invested $15,884,800 in second lien secured loans. Second lien secured loans are considered Senior Secured Loans for BGB.

Loans can be rated below investment grade or may also be unrated. As a result, the risks associated with Loans may be similar to the risks of other below investment grade securities, although they are senior and secured in contrast to other below investment grade securities, which are often subordinated or unsecured. The Fund typically invests in Loans rated below investment grade, which are considered speculative because of the credit risk of the Borrowers. Such companies are more likely than investment grade issuers to default on their payments of interest and principal owed to the Fund, and such defaults could reduce NAV and income distributions. The amount of public information available with respect to below investment grade loans will generally be less extensive than that available for registered or exchange-listed securities. In evaluating the creditworthiness of Borrowers, the Adviser will consider, and may rely in part on, analyses performed by others. The Adviser's established best execution procedures and guidelines require trades to be placed for execution only with broker-dealer counterparties approved by the Counterparty Committee of the Adviser. The factors considered by the Counterparty Committee when selecting and approving brokers and dealers include, but are not limited to: (i) quality, accuracy, and timeliness of execution, (ii) review of the reputation, financial strength and stability of the financial institution, (iii) willingness and ability of the counterparty to commit capital, (iv) ongoing reliability and (v) access to underwritten offerings and secondary markets. The Counterparty Committee regularly reviews each broker-dealer counterparty based on the foregoing factors.

BGB may acquire Loans through assignments or participations. BGB typically acquires these Loans through assignment, and if BGB acquires a Loan through participation, it will seek to elevate a participation interest into an assignment as soon as practicably possible. The purchaser of an assignment typically succeeds to all the rights and obligations of the assigning institution and becomes a lender under the credit agreement with respect to the debt obligation. A participation typically results in a contractual relationship only with the institution participating out the interest, not with the Borrower. Sellers of participations typically include banks, broker-dealers, other financial institutions and lending institutions. The Adviser has adopted best execution procedures and guidelines which seek to mitigate credit and counterparty risk in the atypical situation when BGB must acquire a Loan through a participation.

Blackstone Strategic Credit 2027 Term Notes to Quarterly Portfolio of Investments

March 31, 2026

**NOTE 4. GENERAL COMMITMENTS AND CONTINGENCIES**

As of March 31, 2026, BGB had unfunded loan commitments outstanding, which could be extended at the option of the borrower, as detailed below:

---

| | | | |
|:---|:---|:---|:---|
| **Borrower** | **Par Value** | **Fair Value** | **Unrealized<br> Appreciation / (Depreciation)** |
| Chicago US Midco III LP, First Lien Term Loan | $4828 | $4788 | $(8) |
| Hanger, Inc., First Lien Term Loan | 70495 | 70759 | 263 |
| Liquid Tech Solutions Holdings LLC, First Lien Term Loan | 212659 | 212793 | 134 |
| Raven Acquisition Holdings 10/24 Cov-Lite, First Lien Term Loan | 8694 | 8539 | 236 |
| Secretariat Advisors LLC, First Lien Term Loan | 72565 | 71477 | (720) |
| Signia Aerospace LLC, First Lien Term Loan | 70971 | 71237 | 266 |
| Trio Bidco Inc, First Lien Term Loan | 190410 | 185016 | (3570) |
| US Fertility Enterprises LLC, First Lien Term Loan | 126003 | 125964 | (39) |
| Total | $756625 | $750573 | $(3438) |

---

Unfunded loan commitments are marked to market on the relevant day of the valuation in accordance with BGB's valuation policies. For the period ended March 31, 2026, BGB recorded a net increase in unrealized depreciation on unfunded loan commitments totaling $20,993.

**NOTE 5. LEVERAGE**

The Fund terminated its previously existing leverage facility and entered into a new, separate Credit Agreement (the "Agreement"), dated December 24, 2024, with a new lender to borrow up to a limit of $315 million pursuant to an evergreen revolving line of credit (the "Leverage Facility"). The Leverage Facility does not have a scheduled maturity date, but can be terminated (i) by the Fund upon at least three (3) business days' written notice to the lender under the Leverage Facility or (ii) by such lender on the latest to occur of (a) the 365th day after the initial closing date of the Leverage Facility, (b) the 270th day after such lender delivers a notice of termination to the Fund or (c) a later date specified by such lender in the notice of termination. Borrowings under the Agreement are secured by the assets of the Fund.

Interest on outstanding revolving loans under the Leverage Facility is currently charged at a rate of 1.15% above adjusted term SOFR, with either a one (1) month interest period or three (3) month interest period as elected by the Fund. The Fund may also elect to borrow daily interest rate loans based on a customary alternate base rate.

Under the terms of the Agreement, the Fund must pay a commitment fee on any undrawn amounts, currently in an amount equal to 0.15% on the undrawn amounts when drawn amounts equal or exceed 75% of the borrowing limit and 0.25% on the undrawn amounts at any other time. Interest is generally payable at the end of the respective interest period and fees are generally payable after the end of each calendar quarter. As of March 31, 2026, BGB had borrowings outstanding under its Leverage Facility of $280,200,000, at an interest rate of 4.82%. Due to the short term nature of the Agreement, face value approximates fair value at March 31, 2026. This fair value is based on Level 2 inputs under the three-tier fair valuation hierarchy (see Note 2). For the period ended March 31, 2026, the average borrowings under BGB's Leverage Facility and the weighted average interest rate were $281,644,444 and 4.91%, respectively. During the period ended March 31, 2026, the Fund incurred $14,330 for commitment fees on undrawn amounts.

On July 27, 2016, BGB issued 45,000 7-year mandatory redeemable preferred shares (the "Series A MRPS") with a total liquidation value of $45,000,000. As of February 11, 2021, the Series A MRPS were rated "AA" by Fitch Ratings. On February 12, 2021, Fitch Ratings downgraded the ratings on the Series A MRPS to "A". The downgrade was driven by changes to Fitch Ratings' rating criteria for closed-end funds, rather than by any fundamental changes to the Fund's credit profile. The dividend rate on the Fund's Series A MRPS would have increased if the credit rating for the Fund were downgraded below "A" by Fitch Ratings or the equivalent rating of other nationally recognized statistical ratings organizations. BGB used the proceeds of the offering to make additional investments for BGB's portfolio. The final redemption date of the Series A MRPS was July 27, 2023, and on that date, BGB redeemed all of its outstanding Series A MRPS at liquidation value in the amount of $45,000,000. Prior to redemption, BGB made quarterly dividend payments on the Series A MRPS at an annual dividend rate of 3.61%. On July 25, 2023 BGB issued 45,000 4-year mandatory redeemable preferred shares (the "Series B MRPS" and together with the Series A MRPS, the "MRPS") with a par value of $0.001 per share and a total liquidation value of $45,000,000. As of July 25, 2023, the Series B MRPS were rated "A" by Fitch Ratings. The Series B MRPS are redeemable on July 25, 2027 and pay quarterly distributions at an annual dividend rate of 6.60%. The dividend rate on the Fund's Series B MRPS will increase if the Fund's credit rating is downgraded below "A" by Fitch Ratings or the equivalent rating of other nationally recognized statistical ratings organizations. BGB used substantially all of the proceeds of the offering to fund the redemption payment for the Series A MRPS. Due to the terms of the Series B MRPS, face value approximates fair value at March 31, 2026. This fair value is based on Level 2 inputs under the three-tier fair valuation hierarchy (see Note 2).

Blackstone Strategic Credit 2027 Term Notes to Quarterly Portfolio of Investments

March 31, 2026

Under the Agreement and the governing documents of the Series B MRPS, the Fund has agreed to certain covenants and additional investment limitations while the leverage is outstanding. The Fund has agreed to maintain asset coverage of three times over borrowings and 225% asset coverage over borrowings plus Series B MRPS. Compliance with the investment restrictions and calculations are performed by the Fund's custodian, The Bank of New York Mellon. As of March 31, 2026, the Fund was in compliance with all required investment limitations and asset coverage requirements related to its leverage.

The use of borrowings to leverage the common shares of the Fund can create risks. Changes in the value of the Fund's portfolio, including securities bought with the proceeds of leverage, are borne entirely by the holders of common shares of the Fund. All costs and expenses related to any form of leverage used by the Fund are borne entirely by common shareholders. If there is a net decrease or increase in the value of the Fund's investment portfolio, the leverage may decrease or increase, as the case may be, the NAV per common share to a greater extent than if the Fund did not utilize leverage. During periods when BGB is using leverage, the fees paid to the Adviser for advisory services and to ALPS for administrative services are higher than if BGB did not use leverage because the fees paid are calculated on the basis of BGB's Managed Assets, which include the assets purchased through leverage. As of March 31, 2026, BGB's leverage represented 32.90% of the Fund's Managed Assets. The leverage amounts in BGB include 5.28% of Managed Assets attributable to the "Series B" MRPS.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Blackstone Strategic Credit 2027 Term Fund

- **b. Investment Company Act file number:** 811-22686

- **c. CIK number of Registrant:** 0001546429

- **d. LEI of Registrant:** 549300YESIF051NRED20

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

  - **Street Address 1:** 345 PARK AVENUE 31st FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10154

  - **Telephone number:** 8778761121

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

- **a. Name of Series:** Blackstone Strategic Credit 2027 Term Fund

- **c. LEI of Series:** 549300YESIF051NRED20

**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:** $912930438.61

**Total Liabilities:** $386392531.33

**Net Assets:** $526537907.28

**Delayed Delivery Securities:** $1601849.77

**Cash Not Reported:** $2999908.95

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 127.30083500 | **5-Year:** 2360.32133600 | **10-Year:** 601.48871600 | **30-Year:** 0.00000000

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

- **3-Month:** 59.13626300 | **1-Year:** 31077.83752900 | **5-Year:** 94087.28450300 | **10-Year:** 15345.03844200 | **30-Year:** 163.69429800

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.00%                | -3.25%               | -0.81%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1370091.58              | $-13189061.76                              |
| Month 2  | $-1212733.07             | $-13464658.97                              |
| Month 3  | $-1670691.61             | $-3833599.87                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Acco Brands Corp                                                    | ACCO Brands Corp.                                                                | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |   1029000 | PA      | $919497.94    | 0.17%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Amc Networks Inc                                                    | AMC Networks, Inc.                                                               | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    664000 | PA      | $655991.56    | 0.12%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Angi Group Llc                                                      | ANGI Group LLC                                                                   | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    353000 | PA      | $314593.66    | 0.06%             | 2028-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Aph/aph2/aph3/aquarian                                              | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $289656.00    | 0.06%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Asgn Incorporated                                                   | ASGN, Inc.                                                                       | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |    976000 | PA      | $945732.78    | 0.18%             | 2028-05-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Atp Tow/andean Telecom                                              | ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C | CUSIP: 00193BAA0<br>LEI: 254900CIKL1FQZ45N873 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233385.23    | 0.04%             | 2030-02-03      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Apld Computeco Llc                                                  | APLD ComputeCo LLC                                                               | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $546537.06    | 0.10%             | 2030-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| VRS Buyer Inc                                                       | Liquid Tech Solutions Holdings LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2076974 | PA      | $2078282.85   | 0.39%             | 2032-10-12      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| VRS Buyer Inc                                                       | Liquid Tech Solutions Holdings LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    212659 | PA      | $212793.47    | 0.04%             | 2032-10-12      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Acrisure Llc / Fin Inc                                              | Acrisure LLC / Acrisure Finance, Inc.                                            | CUSIP: 00489LAL7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    315000 | PA      | $316678.64    | 0.06%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Adapthealth Llc                                                     | AdaptHealth LLC                                                                  | CUSIP: 00653VAC5<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |   2158000 | PA      | $2057832.55   | 0.39%             | 2029-08-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Adapthealth Llc                                                     | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |    767000 | PA      | $735381.96    | 0.14%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings Inc                                                  | Osaic Holdings, Inc.                                                             | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    451000 | PA      | $451390.07    | 0.09%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Clover Holdings 2 LLC                                               | Clover 10/24 TLB 1L                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1219947 | PA      | $1171149.23   | 0.22%             | 2031-12-09      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1sarl /                                            | Albion Financing 1 SARL / Aggreko Holdings, Inc.                                 | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |    322000 | PA      | $329334.19    | 0.06%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Bread Financial Hldgs                                               | Bread Financial Holdings, Inc.                                                   | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    293000 | PA      | $291094.65    | 0.06%             | 2031-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Alliance Res Op/finance                                             | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp.        | CUSIP: 01879NAC9<br>LEI: 2549007036KGPSVTHP54 | Long             | DBT              | CORP              | US        |    620000 | PA      | $644473.88    | 0.12%             | 2029-06-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Alliant Hold / Co-issuer                                            | Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer                  | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    800000 | PA      | $807217.66    | 0.15%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Delta Topco Inc                                                     | Delta Topco, Inc.                                                                | CUSIP: 24780DAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3170438 | PA      | $2800543.32   | 0.53%             | 2030-12-24      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                                  | Ally Financial, Inc.                                                             | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1551912.52   | 0.29%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Alta Equipment Group                                                | Alta Equipment Group, Inc.                                                       | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |    708000 | PA      | $630976.01    | 0.12%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Eisner Advisory Group LLC                                           | Eisner Advisory Group LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1452165 | PA      | $1386817.59   | 0.26%             | 2031-02-28      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| MV Holdings US                                                      | Minimax Viking GmbH                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |    923573 | PA      | $927036.30    | 0.18%             | 2032-03-17      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Altar Bidco Inc                                                     | Altar Bidco, Inc.                                                                | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4301836 | PA      | $4283015.46   | 0.81%             | 2029-02-01      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| Stonepeak Nile Parent                                               | Stonepeak Nile Parent LLC                                                        | CUSIP: 86184XAD6<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |   1800000 | PA      | $1799352.00   | 0.34%             | 2032-04-09      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CHG PPC Parent LLC                                                  | CH Guenther 11/21                                                                | CUSIP: N/A<br>LEI: 54930019XJQNJAGXQ664       | Long             | LON              | CORP              | US        |   2553075 | PA      | $2559470.16   | 0.49%             | 2028-12-08      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Globa                                            | Citadel Securities Global Holdings LLC                                           | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |   1212801 | PA      | $1215584.52   | 0.23%             | 2031-10-31      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| ION Platform Finance US Inc                                         | ION Platform Finance US Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4465841 | PA      | $3613602.00   | 0.69%             | 2032-09-30      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Antero Midstream Part/fi                                            | Antero Midstream Partners LP / Antero Midstream Finance Corp.                    | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    830000 | PA      | $851234.72    | 0.16%             | 2032-02-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Antero Midstream Part/fi                                            | Antero Midstream Partners LP / Antero Midstream Finance Corp.                    | CUSIP: 03690AAM8<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    596000 | PA      | $589799.34    | 0.11%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Apld Computeco 2 Llc                                                | APLD ComputeCo 2 LLC                                                             | CUSIP: 03772CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    451000 | PA      | $447995.93    | 0.09%             | 2031-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Sr Inc                                                 | Arbor Realty SR, Inc.                                                            | CUSIP: 03881NAL1<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    800000 | PA      | $786542.26    | 0.15%             | 2028-12-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Iris Holding Inc                                                    | Iris Holding, Inc.                                                               | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |   4714223 | PA      | $4430097.01   | 0.84%             | 2028-06-28      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| Aretec Group Inc                                                    | Aretec Group, Inc.                                                               | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    278000 | PA      | $295629.29    | 0.06%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Ashton Woods Usa/finance                                            | Ashton Woods USA LLC / Ashton Woods Finance Co.                                  | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $362330.85    | 0.07%             | 2033-08-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Asurion Llc/asurion Co                                              | Asurion LLC/ Asurion Co.-Issuer, Inc.                                            | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   1126000 | PA      | $1169112.28   | 0.22%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                                 | Clydesdale Acquisition Holdings, Inc.                                            | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   4969582 | PA      | $4654635.02   | 0.88%             | 2032-04-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Vista Management Holding Inc.                                       | VISTA MGMT HLDG INC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3738553 | PA      | $3706438.85   | 0.70%             | 2031-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car/finance                                             | Avis Budget Car Rental LLC / Avis Budget Finance, Inc.                           | CUSIP: 053773BJ5<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |    805000 | PA      | $810409.60    | 0.15%             | 2030-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Car/finance                                             | Avis Budget Car Rental LLC / Avis Budget Finance, Inc.                           | CUSIP: 053773BK2<br>LEI: 529900E95812SYWMCE44 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104517.75    | 0.02%             | 2032-06-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Azorra Finance                                                      | Azorra Finance, Ltd.                                                             | CUSIP: 05480AAC9<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    450000 | PA      | $418765.91    | 0.08%             | 2034-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| B&g Foods Inc                                                       | B&G Foods, Inc.                                                                  | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |   2739000 | PA      | $2700534.03   | 0.51%             | 2028-09-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Bwx Technologies Inc                                                | BWX Technologies, Inc.                                                           | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    340000 | PA      | $327112.37    | 0.06%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ITG Communications LLC                                              | ITG Communications LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1577000 | PA      | $1506035.00   | 0.29%             | 2031-07-09      | Floating      | 8.42%                 | No            |                  3 | On Loan: No      |
| Peer Holding III BV                                                 | Peer Holding III B.V.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    947743 | PA      | $940782.16    | 0.18%             | 2032-09-29      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Acproducts Holdings Inc                                             | ACProducts Holdings, Inc.                                                        | CUSIP: 00488YAB2<br>LEI: 254900KTNXVUUHWHBF39 | Long             | LON              | CORP              | US        |   5667921 | PA      | $4553834.53   | 0.86%             | 2028-05-17      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| Caesars Entertain Inc                                               | Caesars Entertainment, Inc.                                                      | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   1086839 | PA      | $1058309.01   | 0.20%             | 2030-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Beazer Homes Usa                                                    | Beazer Homes USA, Inc.                                                           | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    740000 | PA      | $740000.22    | 0.14%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Beazer Homes Usa                                                    | Beazer Homes USA, Inc.                                                           | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   1222000 | PA      | $1201949.06   | 0.23%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Pre Paid Legal Services Inc                                         | Pre Paid Legal Services, Inc.                                                    | CUSIP: N/A<br>LEI: 549300DKH5WJ2J8QU878       | Long             | LON              | CORP              | US        |    850539 | PA      | $740576.97    | 0.14%             | 2028-12-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Blackfin Pipeline Llc                                               | Blackfin Pipeline LLC                                                            | CUSIP: 09231PAB2<br>LEI: 254900F4BUS186SK8A51 | Long             | LON              | CORP              | US        |   3221918 | PA      | $3243568.85   | 0.62%             | 2032-09-29      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| New Amentum Pubco                                                   | Amentum/Amazon Holdco 7/24 TLB 1L                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1160668 | PA      | $1162362.87   | 0.22%             | 2031-09-29      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| EP Wealth Advisors LLC                                              | EP Wealth Advisors, LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    572408 | PA      | $573481.73    | 0.11%             | 2032-10-18      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                                                      | Bombardier, Inc.                                                                 | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    134000 | PA      | $145077.24    | 0.03%             | 2034-05-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                          | Air Canada                                                                       | CUSIP: C0102MAS4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | LON              | CORP              | CA        |    328718 | PA      | $326663.88    | 0.06%             | 2031-03-21      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Dawn Bidco Llc                                                      | Dayforce Bidco LLC                                                               | CUSIP: 23923YAB7<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |   4521914 | PA      | $4289532.82   | 0.81%             | 2032-10-07      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| CompoSecure Holdings LLC                                            | CompoSecure Holdings LLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    839915 | PA      | $839394.20    | 0.16%             | 2033-01-10      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Brookfield Resid Propert                                            | Brookfield Residential Properties, Inc. / Brookfield Residential US LLC          | CUSIP: 11283YAD2<br>LEI: 549300C2SXDXVIUV3Q14 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $174681.63    | 0.03%             | 2030-02-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Brookfield Resid Propert                                            | Brookfield Residential Properties, Inc. / Brookfield Residential US LLC          | CUSIP: 11283YAG5<br>LEI: 549300C2SXDXVIUV3Q14 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $227936.54    | 0.04%             | 2029-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Buckeye Partners Lp                                                 | Buckeye Partners LP                                                              | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    480000 | PA      | $472314.10    | 0.09%             | 2028-03-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Buckeye Partners Lp                                                 | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123909.12    | 0.02%             | 2030-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Burford Capital Glbl Fin                                            | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAJ8<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    250000 | PA      | $215000.00    | 0.04%             | 2034-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                              | CCO Holdings LLC / CCO Holdings Capital Corp.                                    | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $325667.99    | 0.06%             | 2029-06-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Cco Hldgs Llc/cap Corp                                              | CCO Holdings LLC / CCO Holdings Capital Corp.                                    | CUSIP: 1248EPCV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    262000 | PA      | $261146.32    | 0.05%             | 2036-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Action Environmental Gro                                            | Action Environmental Group, Inc.                                                 | CUSIP: 00507JAF3<br>LEI: 549300BB30QUQC86W666 | Long             | LON              | CORP              | US        |   3958089 | PA      | $3951498.33   | 0.75%             | 2030-10-24      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Viridien                                                            | Viridien                                                                         | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $319492.50    | 0.06%             | 2030-10-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Chs/community Health Sys                                            | CHS/Community Health Systems, Inc.                                               | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    410000 | PA      | $394693.80    | 0.07%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Chs/community Health Sys                                            | CHS/Community Health Systems, Inc.                                               | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $914103.33    | 0.17%             | 2030-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Cvr Energy Inc                                                      | CVR Energy, Inc.                                                                 | CUSIP: 12662PAH1<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131081.21    | 0.02%             | 2031-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Cvr Energy Inc                                                      | CVR Energy, Inc.                                                                 | CUSIP: 12662PAJ7<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    505000 | PA      | $507113.19    | 0.10%             | 2034-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Cvr Partners/cvr Nitroge                                            | CVR Partners LP / CVR Nitrogen Finance Corp.                                     | CUSIP: 12663QAC9<br>LEI: 529900LE0OS06MYQRP11 | Long             | DBT              | CORP              | US        |    854000 | PA      | $851594.37    | 0.16%             | 2028-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| California Buyer/atlanti                                            | California Buyer, Ltd. / Atlantica Sustainable Infrastructure PLC                | CUSIP: 13005HAA8<br>LEI: 254900V5SMQ1UP1CLC26 | Long             | DBT              | CORP              | GB        |    290000 | PA      | $283525.58    | 0.05%             | 2032-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| California Resources Crp                                            | California Resources Corp.                                                       | CUSIP: 13057QAL1<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   1411000 | PA      | $1423391.26   | 0.27%             | 2034-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Jetblue Airways Corporation                                         | Jetblue 8/24 TLB 1L                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2173545 | PA      | $1998574.72   | 0.38%             | 2029-08-27      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| Rocket Software Inc                                                 | Rocket Software, Inc.                                                            | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   2876134 | PA      | $2765288.26   | 0.53%             | 2028-11-28      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Carriage Services Inc                                               | Carriage Services, Inc.                                                          | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $618051.53    | 0.12%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Agiliti Health Inc                                                  | Agiliti Health, Inc.                                                             | CUSIP: 00847YAE2<br>LEI: 25490002CCQ55NKGNB14 | Long             | LON              | CORP              | US        |   1520273 | PA      | $1481635.05   | 0.28%             | 2030-05-01      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Trio Bidco Inc                                                      | Trio Bidco Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1808895 | PA      | $1757649.25   | 0.33%             | 2032-10-29      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco, LLC                                | Lsf12 Crown US Commercial Bidco LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4231739 | PA      | $4241260.86   | 0.81%             | 2031-12-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Cascades Inc/usa Inc                                                | Cascades, Inc./Cascades USA, Inc.                                                | CUSIP: 14739LAD4<br>LEI: FPD41G4F3GH7OJ38TS94 | Long             | DBT              | CORP              | CA        |   1341000 | PA      | $1353860.19   | 0.26%             | 2030-07-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SCIL USA Holdings LLC                                               | SCIL USA Holdings LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1959969 | PA      | $1955078.96   | 0.37%             | 2032-10-29      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Celanese Us Holdings Llc                                            | Celanese US Holdings LLC                                                         | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    420000 | PA      | $431574.78    | 0.08%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Celanese Us Holdings Llc                                            | Celanese US Holdings LLC                                                         | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    927000 | PA      | $950535.60    | 0.18%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc                                                         | Tenneco, Inc.                                                                    | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |   3423993 | PA      | $3346953.15   | 0.64%             | 2028-11-17      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings Inc                                                  | Osaic Holdings Inc                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4772051 | PA      | $4691832.64   | 0.89%             | 2033-01-01      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Central Garden & Pet Co                                             | Central Garden & Pet Co.                                                         | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    630000 | PA      | $593113.31    | 0.11%             | 2030-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Central Garden & Pet Co                                             | Central Garden & Pet Co.                                                         | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37304.69     | 0.01%             | 2031-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Century Communities                                                 | Century Communities, Inc.                                                        | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   1514000 | PA      | $1422143.05   | 0.27%             | 2029-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Cerdia Finanz Gmbh                                                  | Cerdia Finanz GmbH                                                               | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    350000 | PA      | $348435.50    | 0.07%             | 2031-10-03      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| NFP Wealth/Chicago US Midco III LP                                  | Chicago US Midco III LP                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     32506 | PA      | $32241.85     | 0.01%             | 2032-10-29      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| NFP Wealth/Chicago US Midco III LP                                  | Chicago US Midco III LP                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4828 | PA      | $4788.40      | 0.00%             | 2032-10-29      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Charles River Laboratori                                            | Charles River Laboratories International, Inc.                                   | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    180000 | PA      | $170678.63    | 0.03%             | 2029-03-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Chemours Co                                                         | Chemours Co.                                                                     | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1064000 | PA      | $998729.13    | 0.19%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Chemours Co                                                         | Chemours Co.                                                                     | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1460000 | PA      | $1469068.06   | 0.28%             | 2033-01-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Chemours Co                                                         | Chemours Co.                                                                     | CUSIP: 163851AL2<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   1237000 | PA      | $1237865.03   | 0.24%             | 2034-03-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Churchill Downs Inc                                                 | Churchill Downs, Inc.                                                            | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    215000 | PA      | $212219.68    | 0.04%             | 2028-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Cimpress Plc                                                        | Cimpress PLC                                                                     | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   1100000 | PA      | $1091767.70   | 0.21%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Cipher Compute Llc                                                  | Cipher Compute LLC                                                               | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $373420.44    | 0.07%             | 2030-11-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Clariv Sci Hld Corp                                                 | Clarivate Science Holdings Corp.                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $95580.22     | 0.02%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Pediatric Associates Hol                                            | Pediatric Associates Holding Co. LLC                                             | CUSIP: 70533DAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1963460 | PA      | $1883831.40   | 0.36%             | 2028-12-29      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Cleveland-cliffs Inc                                                | Cleveland-Cliffs, Inc.                                                           | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    469000 | PA      | $458643.37    | 0.09%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc                                            | Cloud Software Group, Inc.                                                       | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    220000 | PA      | $208831.68    | 0.04%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc                                            | Cloud Software Group, Inc.                                                       | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    411000 | PA      | $365781.66    | 0.07%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Clydesdale Acquisition                                              | Clydesdale Acquisition Holdings, Inc.                                            | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    480000 | PA      | $471781.62    | 0.09%             | 2029-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Betclic Everest Group SAS                                           | BETCLIC EVEREST GROUP SAS                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |   1239345 | PA      | $1238186.70   | 0.24%             | 2031-12-09      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Sophos Intermediate Ii L                                            | Sophos Intermediate II, Ltd.                                                     | CUSIP: 86875TAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2984262 | PA      | $2849507.59   | 0.54%             | 2027-03-05      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| MH Sub I, LLC                                                       | MH Sub I LLC                                                                     | CUSIP: N/A<br>LEI: 2549005VFKP807SR8N49       | Long             | LON              | CORP              | US        |   1964842 | PA      | $1694676.26   | 0.32%             | 2028-05-03      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| AG Group Holdings                                                   | AG Group Holdings, Inc.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3863629 | PA      | $3508136.12   | 0.67%             | 2028-12-29      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Vaco Holdings LLC                                                   | Vaco Holdings, LLC                                                               | CUSIP: N/A<br>LEI: 54930076HTNXBP03T379       | Long             | LON              | CORP              | US        |   4522606 | PA      | $2966558.44   | 0.56%             | 2029-01-22      | Floating      | 8.85%                 | No            |                  2 | On Loan: No      |
| Compass Minerals Interna                                            | Compass Minerals International, Inc.                                             | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    516000 | PA      | $534352.06    | 0.10%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources Inc                                              | Comstock Resources, Inc.                                                         | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1444000 | PA      | $1426423.34   | 0.27%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Comstock Resources Inc                                              | Comstock Resources, Inc.                                                         | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    357000 | PA      | $345882.77    | 0.07%             | 2030-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Fertitta Entertainment                                              | Fertitta Entertainment, LLC                                                      | CUSIP: N/A<br>LEI: 984500A0805D8V551D35       | Long             | LON              | CORP              | US        |   3835557 | PA      | $3768435.01   | 0.72%             | 2029-01-27      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Belron Finance 2019 Llc                                             | Belron Finance 2019 LLC                                                          | CUSIP: 08078UAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2087697 | PA      | $2089523.60   | 0.40%             | 2031-10-16      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Cooper-standard Automoti                                            | Cooper-Standard Automotive, Inc.                                                 | CUSIP: 216762AK0<br>LEI: ITCH5B3Q4RTX2PH9UN62 | Long             | DBT              | CORP              | US        |    801000 | PA      | $753340.50    | 0.14%             | 2031-03-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Coreweave Inc                                                       | CoreWeave, Inc.                                                                  | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1549000 | PA      | $1475839.03   | 0.28%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Snacking Investments US LLC                                         | Snacking Investments Bidco Pty Ltd                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | AU        |    936641 | PA      | $938298.89    | 0.18%             | 2032-10-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Pro Mach Group Inc                                                  | Pro Mach Group Inc                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3037270 | PA      | $3035523.50   | 0.58%             | 2032-10-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Chrysaor Bidco S.A R.L.                                             | Chrysaor Bidco ,SARL.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    375084 | PA      | $375025.71    | 0.07%             | 2031-10-30      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Metropolis Technologies                                             | Metropolis Technologies, Inc.                                                    | CUSIP: 59173YAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3255966 | PA      | $3225441.43   | 0.61%             | 2032-11-03      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| Madison Iaq Llc                                                     | Madison IAQ LLC                                                                  | CUSIP: 55759VAE8<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   2960166 | PA      | $2969994.22   | 0.56%             | 2032-11-08      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Alera Group Inc                                                     | Alera Group, Inc.                                                                | CUSIP: 01451PAE6<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |   2276369 | PA      | $2212596.71   | 0.42%             | 2032-05-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                             | Talen Energy Supply LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1096814 | PA      | $1098969.57   | 0.21%             | 2032-11-26      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| GBT US III LLC                                                      | GBT US III LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    809571 | PA      | $794593.80    | 0.15%             | 2031-07-28      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Cube Industrials Buyer Inc                                          | Cube Industrials Buyer Inc                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    908056 | PA      | $909568.34    | 0.17%             | 2031-10-20      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Credit Acceptanc                                                    | Credit Acceptance Corp.                                                          | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1704000 | PA      | $1667406.60   | 0.32%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Lsf12 Helix Parent LLC                                              | Lsf12 Helix Parent LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    953060 | PA      | $941623.37    | 0.18%             | 2033-01-22      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Herschend Entertainment Co LLC                                      | Herschend Entertainment Co LLC                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    775139 | PA      | $777077.05    | 0.15%             | 2032-05-27      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Crosscountry Inter                                                  | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $295860.48    | 0.06%             | 2030-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Crosscountry Inter                                                  | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $103613.46    | 0.02%             | 2032-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Embecta Corp                                                        | Embecta Corp, TLB                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2696715 | PA      | $2701218.46   | 0.51%             | 2029-03-30      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Citco Funding LLC                                                   | CITCO FDG LLC TLB 1L                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2005167 | PA      | $2000073.81   | 0.38%             | 2033-01-21      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Dycom Industries Inc                                                | Dycom Industries Inc                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    678632 | PA      | $682168.14    | 0.13%             | 2033-01-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Cyprium Corp/cyprium Hol                                            | Cyprium Corp. / Cyprium Holdings Luxembourg Sarl                                 | CUSIP: 23292NAA6<br>LEI: 254900V7LN9S9W17X250 | Long             | DBT              | CORP              | US        |    187000 | PA      | $184815.36    | 0.04%             | 2031-04-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Cyprium Corp/cyprium Hol                                            | Cyprium Corp. / Cyprium Holdings Luxembourg Sarl                                 | CUSIP: 23292NAB4<br>LEI: 254900V7LN9S9W17X250 | Long             | DBT              | CORP              | US        |    221000 | PA      | $215064.39    | 0.04%             | 2034-04-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Dcli Bidco Llc                                                      | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    270000 | PA      | $273252.15    | 0.05%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Danaos Corp                                                         | Danaos Corp.                                                                     | CUSIP: 23585WAC8<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |   1009000 | PA      | $1026105.58   | 0.19%             | 2032-10-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Davita Inc                                                          | DaVita, Inc.                                                                     | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36701.06     | 0.01%             | 2031-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Davita Inc                                                          | DaVita, Inc.                                                                     | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71771.12     | 0.01%             | 2032-09-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Osttra Group Ltd                                                    | Osttra Group LTD                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    479260 | PA      | $454099.02    | 0.09%             | 2033-10-07      | Floating      | 9.15%                 | No            |                  3 | On Loan: No      |
| June Purchaser, LLC                                                 | June Purchaser, LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2605 | PA      | $2604.02      | 0.00%             | 2031-11-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Delek Log Part/finance                                              | Delek Logistics Partners LP / Delek Logistics Finance Corp.                      | CUSIP: 24665FAE2<br>LEI: 549300UVYITDIU51P724 | Long             | DBT              | CORP              | US        |   1586000 | PA      | $1600229.59   | 0.30%             | 2033-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Peraton Corp.                                                       | Peraton Corp.                                                                    | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |   4962085 | PA      | $4246725.71   | 0.81%             | 2028-02-01      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| Deluxe Corp                                                         | Deluxe Corp.                                                                     | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   1242000 | PA      | $1251010.71   | 0.24%             | 2029-06-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Deluxe Corp                                                         | Deluxe Corp.                                                                     | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    550000 | PA      | $571633.70    | 0.11%             | 2029-09-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Central Parent Llc                                                  | Central Parent LLC                                                               | CUSIP: 15477BAE7<br>LEI: 5493000L10CYRTHIJ385 | Long             | LON              | CORP              | US        |   4656512 | PA      | $3335645.91   | 0.63%             | 2029-07-06      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Tricorbraun Holdings, Inc.                                          | Tricorbraun Holdings, Inc.                                                       | CUSIP: N/A<br>LEI: 2549009AB5YVVW5J1U62       | Long             | LON              | CORP              | US        |   2515871 | PA      | $2397675.14   | 0.46%             | 2031-03-03      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Azuria Water Solutions Inc                                          | LX282530 AEGN TL DD 1L USD                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    569814 | PA      | $565540.07    | 0.11%             | 2033-01-27      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Opal Bidco SAS                                                      | Opal US LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4139993 | PA      | $4142580.05   | 0.79%             | 2032-04-23      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Directv Fin Llc/coinc                                               | Directv Financing LLC / Directv Financing Co.-Obligor, Inc.                      | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1108456.89   | 0.21%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Diversified Healthcare T                                            | Diversified Healthcare Trust                                                     | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1165539.10   | 0.22%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Rr Donnelley & Sons Co                                              | RR Donnelley & Sons Co.                                                          | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    340000 | PA      | $344424.76    | 0.07%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Dotdash Meredith Inc                                                | Dotdash Meredith, Inc.                                                           | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |    280000 | PA      | $258574.40    | 0.05%             | 2032-06-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Hyperion Refinance S.A R.L.                                         | Hyperion Refinance Sarl                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    520258 | PA      | $505183.40    | 0.10%             | 2031-02-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Echostar Corp                                                       | EchoStar Corp.                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    860000 | PA      | $929544.56    | 0.18%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Mitchell International                                              | Mitchell International, Inc.                                                     | CUSIP: 60662WBC5<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |    299460 | PA      | $286560.80    | 0.05%             | 2031-06-17      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Edgewell Personal Care                                              | Edgewell Personal Care Co.                                                       | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    105000 | PA      | $99260.47     | 0.02%             | 2029-04-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Azuria Water Solutions Inc                                          | LX282529 AEGN TL B 1L USD                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4273603 | PA      | $4241550.52   | 0.81%             | 2033-01-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ivanti Security Holdings                                            | Ivanti Security Holdings LLC                                                     | CUSIP: 46583VAB5<br>LEI: 254900GHAXAYKWDX9F60 | Long             | LON              | CORP              | US        |    400098 | PA      | $400598.45    | 0.08%             | 2029-06-01      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| Elastic Nv                                                          | Elastic NV                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |    260000 | PA      | $244100.32    | 0.05%             | 2029-07-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Dcert Buyer Inc                                                     | Dcert Buyer, Inc.                                                                | CUSIP: 24022KAJ8<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |   5863456 | PA      | $4529519.68   | 0.86%             | 2029-02-19      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| Plano HoldCo Inc                                                    | Perficient/Plano 8/24 TLB 1L                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4135828 | PA      | $3350020.34   | 0.64%             | 2031-10-02      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                                              | AthenaHealth Group, Inc.                                                         | CUSIP: N/A<br>LEI: 254900AA3KZN4Q7A5Z33       | Long             | LON              | CORP              | US        |    239795 | PA      | $235748.48    | 0.04%             | 2029-02-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| S&S Holdings LLC                                                    | S&S Holdings LLC                                                                 | CUSIP: 78524HAB1<br>LEI: 25490047QJT06H3Z7U34 | Long             | LON              | CORP              | US        |   1902663 | PA      | $1805151.66   | 0.34%             | 2028-03-10      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Emergent Biosolutions                                               | Emergent BioSolutions, Inc.                                                      | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |    879000 | PA      | $742637.50    | 0.14%             | 2028-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Encore Capital Group Inc                                            | Encore Capital Group, Inc.                                                       | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    347000 | PA      | $367108.30    | 0.07%             | 2030-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Encore Capital Group Inc                                            | Encore Capital Group, Inc.                                                       | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   2376000 | PA      | $2366305.92   | 0.45%             | 2031-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Enova International Inc                                             | Enova International, Inc.                                                        | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1904163.84   | 0.36%             | 2029-08-01      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Esab Corp                                                           | Esab Corp.                                                                       | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142260.86    | 0.03%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| EP Purchaser LLC                                                    | EP Purchaser LLC                                                                 | CUSIP: 26881KAD6<br>LEI: 549300GGODRVQG1GH476 | Long             | LON              | CORP              | US        |    519011 | PA      | $330545.27    | 0.06%             | 2028-11-06      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc                              | Project Alpha (Qlik)                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    812463 | PA      | $498446.21    | 0.09%             | 2033-05-09      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Ivanti Security Holdings LLC                                        | Ivanti Software, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    794401 | PA      | $539140.25    | 0.10%             | 2029-06-01      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| Fmc Corp                                                            | FMC Corp.                                                                        | CUSIP: 302491AY1<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |     40000 | PA      | $30188.19     | 0.01%             | 2053-05-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fortescue Treasury Pty L                                            | Fortescue Treasury Pty, Ltd.                                                     | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     51000 | PA      | $52159.11     | 0.01%             | 2032-04-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp                                                     | Fair Isaac Corp.                                                                 | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1906000 | PA      | $1851049.83   | 0.35%             | 2028-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp                                                     | Fair Isaac Corp.                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78545.71     | 0.01%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MIDWEST PHYSICIAN ADMINISTRATIVE SERVICES LLC                       | Midwest Physcn Admin Srvcs LLC                                                   | CUSIP: N/A<br>LEI: 5493001F7B0DCPKBGK48       | Long             | LON              | CORP              | US        |   3548352 | PA      | $3051583.10   | 0.58%             | 2028-03-12      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| LI Group Holdings, Inc.                                             | LI Group Holdings, Inc.                                                          | CUSIP: 50201FAD0<br>LEI: 549300WTOOUDL4F82264 | Long             | LON              | CORP              | US        |   1510080 | PA      | $1514799.00   | 0.29%             | 2028-03-10      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Alkermes Inc                                                        | Alkermes Inc                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    490606 | PA      | $494901.55    | 0.09%             | 2031-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Forvia Se                                                           | Forvia SE                                                                        | CUSIP: 31209DAA3<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    716000 | PA      | $740175.02    | 0.14%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Freeport Lng Investments                                            | Freeport LNG Investments LLLP                                                    | CUSIP: 35670CAE8<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |   5137839 | PA      | $5146418.98   | 0.98%             | 2033-01-31      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                               | AAdvantage Loyalty IP, Ltd.                                                      | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   1074080 | PA      | $1066158.68   | 0.20%             | 2032-05-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | STAPLES, INC. CLOSING DATE TERM LOAN (06/24)                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1250338 | PA      | $1139564.45   | 0.22%             | 2029-09-04      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                                    | Ensemble RCM LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3333319 | PA      | $3301369.56   | 0.63%             | 2033-01-28      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance Inc                           | Apollo Commercial Real Estate Finance Inc                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    974922 | PA      | $977973.20    | 0.19%             | 2030-06-13      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Superannuation & Investments US LLC                                 | Superannuation & Investments US LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    279633 | PA      | $279947.67    | 0.05%             | 2028-12-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                                 | LBM Acquisition LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1483777 | PA      | $1197415.18   | 0.23%             | 2031-06-06      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Fugue Finance LLC                                                   | Fugue Finance LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    165249 | PA      | $163545.33    | 0.03%             | 2032-01-09      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Bulldog Purchaser Inc                                               | Bulldog Purchaser, Inc.                                                          | CUSIP: 12021GAH7<br>LEI: 254900JB2GC3Q5OISZ63 | Long             | LON              | CORP              | US        |   2060670 | PA      | $2059897.72   | 0.39%             | 2033-01-31      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco Us Inc                                                | Neptune Bidco US Inc                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1499464 | PA      | $1433487.97   | 0.27%             | 2033-02-03      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| Firstcash Inc                                                       | FirstCash, Inc.                                                                  | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    341000 | PA      | $335258.55    | 0.06%             | 2028-09-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Firstcash Inc                                                       | FirstCash, Inc.                                                                  | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   2762000 | PA      | $2818532.62   | 0.54%             | 2032-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Five Point Operating Co                                             | Five Point Operating Co. LP                                                      | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $259551.97    | 0.05%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CPI Holdco B LLC                                                    | CPI Holdco B LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3906180 | PA      | $3885321.05   | 0.74%             | 2031-05-19      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners, LLC                                       | Focus Financial Partners LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    360000 | PA      | $357874.71    | 0.07%             | 2031-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Go Daddy Operating Co LLC                                           | Go Daddy Oper Co LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1729984 | PA      | $1700946.10   | 0.32%             | 2031-05-30      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Alera Group Inc                                                     | Alera Group Inc                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    952636 | PA      | $922866.47    | 0.18%             | 2033-05-30      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| Cast & Crew Llc                                                     | Cast & Crew LLC                                                                  | CUSIP: 14835JAQ3<br>LEI: 549300XE7OZGFGN5F466 | Long             | LON              | CORP              | US        |   4740602 | PA      | $1904537.01   | 0.36%             | 2028-12-29      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                                               | Freedom Mortgage Corp.                                                           | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     90000 | PA      | $97174.53     | 0.02%             | 2030-10-01      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Hold                                               | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68931.05     | 0.01%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Hold                                               | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    700000 | PA      | $657022.17    | 0.12%             | 2033-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Dechra Pharmaceuticals Holdings Limited (f/k/a Freya Bidco Limited) | DECHRA FINANCE US LLC TERM (01/26) 1LIEN USD                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    893250 | PA      | $893808.28    | 0.17%             | 2032-01-27      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                                   | Cornerstone Building Brands, Inc.                                                | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    249856 | PA      | $142863.95    | 0.03%             | 2028-04-12      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| MillerKnoll Inc f/k/a/ Herman Miller Inc                            | MillerKnoll Inc                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    480040 | PA      | $478640.27    | 0.09%             | 2032-08-09      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Biomarin Pharmaceutical                                             | BioMarin Pharmaceutical Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1996717 | PA      | $1994230.79   | 0.38%             | 2033-01-29      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Genesis Energy Lp/fin                                               | Genesis Energy LP / Genesis Energy Finance Corp.                                 | CUSIP: 37185LAS1<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    566000 | PA      | $563713.70    | 0.11%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ai Aqua Merger Sub Inc                                              | AI Aqua Merger Sub, Inc.                                                         | CUSIP: 00132UAQ7<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   3500000 | PA      | $3496167.50   | 0.66%             | 2028-07-31      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                     | CoreLogic, Inc.                                                                  | CUSIP: N/A<br>LEI: 54930086CD8K2UIL0516       | Long             | LON              | CORP              | US        |   1836198 | PA      | $1760463.75   | 0.33%             | 2028-06-02      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| WS Audiology A/S                                                    | WS AUDIOLOGY A/S TERM LOAN (02/26) USD (02/33)                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |   3860589 | PA      | $3865414.75   | 0.73%             | 2029-02-28      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Inspired Education US Holdings Inc                                  | Inspired Education US Holdings Inc                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    887519 | PA      | $886689.01    | 0.17%             | 2031-02-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Onex TSG Intermediate Corp                                          | ONEX TSG TERM (01/26) 1LIEN USD (08/32)                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1290613 | PA      | $1299325.08   | 0.25%             | 2032-08-06      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| GTCR Everest Borrower LLC                                           | GTCR EVEREST BORROWER LLC ASSETMARK 1/26 (01/26)                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    782786 | PA      | $778143.82    | 0.15%             | 2031-09-05      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Mitnick Corporate Purchaser Inc                                     | Mitnick Corporate Purchaser Inc.                                                 | CUSIP: N/A<br>LEI: 2549002PYWOTVEDJKW54       | Long             | LON              | CORP              | US        |   7348493 | PA      | $3398678.11   | 0.65%             | 2029-05-02      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber                                              | Goodyear Tire & Rubber Co.                                                       | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    130000 | PA      | $123103.07    | 0.02%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber                                              | Goodyear Tire & Rubber Co.                                                       | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    218000 | PA      | $195233.21    | 0.04%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber                                              | Goodyear Tire & Rubber Co.                                                       | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     74000 | PA      | $72423.76     | 0.01%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Touchdown Acquirer Inc                                              | TOUCHDOWN ACQUIRER INC TERM (01/26) 1LIEN USD                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1410845 | PA      | $1393209.31   | 0.26%             | 2031-02-21      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc                                                      | Gray Media, Inc.                                                                 | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    950000 | PA      | $706177.75    | 0.13%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Gray Media Inc                                                      | Gray Media, Inc.                                                                 | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1179000 | PA      | $910997.86    | 0.17%             | 2030-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Element Materials Technology Group US Holding Inc                   | Element Materials Technology Group Holdings                                      | CUSIP: N/A<br>LEI: 213800EGOJGGUKUGEZ30       | Long             | LON              | CORP              | US        |   2975664 | PA      | $2988697.56   | 0.57%             | 2029-07-06      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Great Can Gaming/raptor                                             | Great Canadian Gaming Corp./Raptor LLC                                           | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |    280000 | PA      | $273343.42    | 0.05%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty                                                      | Ryan Specialty LLC                                                               | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.38%             | 2031-09-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Gulfport Energy Op Corp                                             | Gulfport Energy Operating Corp.                                                  | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |   1047000 | PA      | $1072096.59   | 0.20%             | 2029-09-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Hlf Fin Sarl Llc/herbali                                            | HLF Financing Sarl LLC / Herbalife International, Inc.                           | CUSIP: 40390DAC9<br>LEI: ST81INWBFR1E54KGC135 | Long             | DBT              | CORP              | US        |   2385000 | PA      | $2233741.39   | 0.42%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Adtalem Global Education Inc                                        | ADTALEM GLOBAL EDUCATION INC TERM (02/26) 1LIEN                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    991651 | PA      | $994749.93    | 0.19%             | 2033-02-07      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Harvest Midstream I Lp                                              | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    230000 | PA      | $234900.15    | 0.04%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Resideo Funding Inc                                                 | Resideo Funding, Inc.                                                            | CUSIP: 76090LAK0<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    673240 | PA      | $671560.55    | 0.13%             | 2031-06-13      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| TTF Holdings LLC                                                    | TTF Holdings LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3532868 | PA      | $2649651.32   | 0.50%             | 2031-07-18      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operation                                            | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $422942.52    | 0.08%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I/hilcorp                                            | Hilcorp Energy I LP / Hilcorp Finance Co.                                        | CUSIP: 431318AV6<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38905.07     | 0.01%             | 2031-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I/hilcorp                                            | Hilcorp Energy I LP / Hilcorp Finance Co.                                        | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    630000 | PA      | $610179.26    | 0.12%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I/hilcorp                                            | Hilcorp Energy I LP / Hilcorp Finance Co.                                        | CUSIP: 431318BE3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9789.70      | 0.00%             | 2034-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I/hilcorp                                            | Hilcorp Energy I LP / Hilcorp Finance Co.                                        | CUSIP: 431318BG8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49886.23     | 0.01%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operatin                                            | Hilton Domestic Operating Co., Inc.                                              | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    343000 | PA      | $328501.53    | 0.06%             | 2029-05-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Hilton Domestic Operatin                                            | Hilton Domestic Operating Co., Inc.                                              | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    240000 | PA      | $225438.84    | 0.04%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Hilton Grand Vac Llc/inc                                            | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc.      | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1638939.58   | 0.31%             | 2029-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Holding Socotec                                                     | Socotec US Holding Inc                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2023382 | PA      | $2027185.98   | 0.39%             | 2031-06-02      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Hologic Inc                                                         | Hologic Inc Holx 4 5/8 02/01/28                                                  | CUSIP: 436440AM3<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    940000 | PA      | $939177.50    | 0.18%             | 2028-02-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Asurion Llc                                                         | Asurion LLC                                                                      | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    119991 | PA      | $118790.96    | 0.02%             | 2030-09-19      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| XPLOR T1 LLC.                                                       | XPLOR T1 LLC.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2785794 | PA      | $2597753.22   | 0.49%             | 2032-12-01      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                            | Service Properties Trust                                                         | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     73000 | PA      | $66195.31     | 0.01%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Howard Hughes Corp                                                  | Howard Hughes Corp.                                                              | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    470000 | PA      | $444939.04    | 0.08%             | 2029-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Howard Hughes Corp                                                  | Howard Hughes Corp.                                                              | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36754.21     | 0.01%             | 2031-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Howard Hughes Corp                                                  | Howard Hughes Corp.                                                              | CUSIP: 44267DAG2<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    196000 | PA      | $188808.92    | 0.04%             | 2032-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Howard Hughes Corp                                                  | Howard Hughes Corp.                                                              | CUSIP: 44267DAH0<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    282000 | PA      | $271059.78    | 0.05%             | 2034-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Harbor Freight Tools                                                | Harbor Freight Tools USA, Inc.                                                   | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |    970762 | PA      | $962136.44    | 0.18%             | 2031-06-11      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Hub International Ltd                                               | HUB International, Ltd.                                                          | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51248.95     | 0.01%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Ryan LLC                                                            | Ryan LLC                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1760000 | PA      | $1709400.00   | 0.32%             | 2032-11-08      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Huntsman International L                                            | Huntsman International LLC                                                       | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131054.57    | 0.02%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Huntsman International L                                            | Huntsman International LLC                                                       | CUSIP: 44701QBF8<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |     90000 | PA      | $74759.54     | 0.01%             | 2031-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Huntsman International L                                            | Huntsman International LLC                                                       | CUSIP: 44701QBG6<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    204000 | PA      | $187861.50    | 0.04%             | 2034-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Idera Inc                                                           | Idera INC                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4301450 | PA      | $3429330.84   | 0.65%             | 2028-03-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Project Leopard Holdings                                            | Project Leopard Holdings, Inc.                                                   | CUSIP: 74338UAG6<br>LEI: 254900QOZVLO3PEJYN33 | Long             | LON              | CORP              | US        |   4138894 | PA      | $2603364.10   | 0.49%             | 2029-07-20      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC                                | Protection One/ADT 11/24                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1589390 | PA      | $1584422.80   | 0.30%             | 2030-10-13      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Iliad Holding Sas                                                   | Iliad Holding SAS                                                                | CUSIP: 449691AG9<br>LEI: 9695009BGMXB527HV965 | Long             | DBT              | CORP              | FR        |    120000 | PA      | $120293.76    | 0.02%             | 2032-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Icahn Enterprises/fin                                               | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                           | CUSIP: 451102CC9<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    260000 | PA      | $222146.70    | 0.04%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Icahn Enterprises/fin                                               | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                           | CUSIP: 451102CF2<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1101931.49   | 0.21%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Icahn Enterprises/fin                                               | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                           | CUSIP: 451102CJ4<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    219000 | PA      | $205568.80    | 0.04%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Icahn Enterprises/fin                                               | Icahn Enterprises LP / Icahn Enterprises Finance Corp.                           | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |   1428000 | PA      | $1408576.63   | 0.27%             | 2029-11-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Iheartcommunications Inc                                            | iHeartCommunications, Inc.                                                       | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    377810 | PA      | $242506.79    | 0.05%             | 2030-05-01      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| Colossus Acquireco LLC                                              | COLOSSUS ACQUIRECO LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4764505 | PA      | $4754451.43   | 0.90%             | 2032-07-30      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Froneri International Limited                                       | Froneri US, Inc.                                                                 | CUSIP: G3679YAK8<br>LEI: 213800NRSZ1N2Y6LEX44 | Long             | LON              | CORP              | US        |    959908 | PA      | $942361.34    | 0.18%             | 2031-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance                                             | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91384.11     | 0.02%             | 2032-04-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Crescent Energy Finance                                             | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    540000 | PA      | $540266.92    | 0.10%             | 2033-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Crescent Energy Finance                                             | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    854000 | PA      | $893514.58    | 0.17%             | 2034-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Qxo Building Products                                               | QXO Building Products Inc                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    668820 | PA      | $668361.78    | 0.13%             | 2032-04-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Victory Buyer LLC                                                   | VICTORY BUYER LLC TERM (02/26) 1LIEN USD (02/33)                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    776579 | PA      | $778442.77    | 0.15%             | 2033-02-09      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Paint Intermediate Iii                                              | Paint Intermediate III LLC                                                       | CUSIP: 69575EAL3<br>LEI: 549300C2JJM7BNZTR054 | Long             | LON              | CORP              | US        |    633405 | PA      | $631824.18    | 0.12%             | 2031-10-09      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Trucordia Insurance Hold                                            | Trucordia Insurance Holdings LLC                                                 | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |   2761850 | PA      | $2554711.40   | 0.49%             | 2032-06-17      | Floating      | 6.92%                 | No            |                  3 | On Loan: No      |
| Rithum Holdings Inc                                                 | Rithum Holdings Inc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1887669 | PA      | $1800364.31   | 0.34%             | 2031-07-21      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Ion Platform Finance Us                                             | ION Platform Finance US, Inc.                                                    | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |    140000 | PA      | $108538.61    | 0.02%             | 2032-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| OneSky Flight LLC                                                   | OneSky Flight LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    556071 | PA      | $555375.93    | 0.11%             | 2033-02-07      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Ithaca Energy North                                                 | Ithaca Energy North Sea PLC                                                      | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |     60000 | PA      | $61566.36     | 0.01%             | 2029-10-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Jb Poindexter & Co Inc                                              | JB Poindexter & Co., Inc.                                                        | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    320000 | PA      | $324742.40    | 0.06%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC                                 | Hilton Grand Vacations Borrower, LLC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1618637 | PA      | $1616622.00   | 0.31%             | 2031-01-17      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Tuple US Bidco LLC                                                  | Tuple US Bidco LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    803024 | PA      | $780940.57    | 0.15%             | 2033-01-18      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Jane Street Grp/jsg Fin                                             | Jane Street Group / JSG Finance, Inc.                                            | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    310000 | PA      | $318855.46    | 0.06%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Grp/jsg Fin                                             | Jane Street Group / JSG Finance, Inc.                                            | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    160000 | PA      | $158360.59    | 0.03%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Grp/jsg Fin                                             | Jane Street Group / JSG Finance, Inc.                                            | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    540000 | PA      | $548250.12    | 0.10%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Evercommerce Solutions, Inc.                                        | Evercommerce Solutions, Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    478967 | PA      | $467390.41    | 0.09%             | 2028-07-06      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| ThoughtWorks, Inc.                                                  | ThoughtWorks, Inc.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    138674 | PA      | $120646.60    | 0.02%             | 2028-03-24      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Jefferies Fin Llc / Jfin                                            | Jefferies Finance LLC / JFIN Co.-Issuer Corp.                                    | CUSIP: 47232MAG7<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |    422000 | PA      | $402728.95    | 0.08%             | 2031-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Jefferson Capital Holdin                                            | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $333838.08    | 0.06%             | 2030-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| WhiteWater Matterhorn Holdings LLC                                  | WhiteWater Matterhorn Holdings LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    935995 | PA      | $932873.14    | 0.18%             | 2032-06-16      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                                            | Allison Transmission Inc                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    607973 | PA      | $610860.51    | 0.12%             | 2032-11-06      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Jetblue Airways Corporation                                         | JetBlue Airways Corp. / JetBlue Loyalty LP                                       | CUSIP: 476920AA1<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2560061.61   | 0.49%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| PFI Lower Midco LLC                                                 | PFI Lower Midco LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    504000 | PA      | $506522.52    | 0.10%             | 2032-12-01      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Jones Deslauriers Insura                                            | Jones Deslauriers Insurance Management, Inc.                                     | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    360000 | PA      | $366220.08    | 0.07%             | 2030-03-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                         | Beach Acquisition Bidco LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    785101 | PA      | $788045.42    | 0.15%             | 2032-09-13      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Aggreko Holdings Inc                                                | Aggreko Holdings, Inc.                                                           | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |    320551 | PA      | $321253.18    | 0.06%             | 2031-05-21      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Inmar Inc                                                           | Inmar Inc                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    293866 | PA      | $283031.09    | 0.05%             | 2031-10-30      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| Karman Holdings Inc                                                 | Karman Holdings, Inc.                                                            | CUSIP: 48571CAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3332850 | PA      | $3339115.93   | 0.63%             | 2032-04-01      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Kodiak Gas Services Llc                                             | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121998.84    | 0.02%             | 2035-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Kodiak Gas Services Llc                                             | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    303000 | PA      | $304688.43    | 0.06%             | 2031-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Kohl's Corporation                                                  | Kohl's Corp.                                                                     | CUSIP: 500255AV6<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    310000 | PA      | $176554.67    | 0.03%             | 2045-07-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Kraken Oil & Gas Partner                                            | Kraken Oil & Gas Partners LLC                                                    | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286090.84    | 0.05%             | 2029-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Lgi Homes Inc                                                       | LGI Homes, Inc.                                                                  | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   1159000 | PA      | $1076435.51   | 0.20%             | 2032-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| PG Polaris BidCo Sarl                                               | PG Polaris BidCo Sarl                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   3814134 | PA      | $3819931.58   | 0.73%             | 2031-03-26      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Lightning Power LLC                                                 | Lightning Power 8/24 TLB                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4383493 | PA      | $4398221.16   | 0.84%             | 2031-08-18      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Radiology Partners Inc                                              | Radiology Partners Inc                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2097016 | PA      | $2069681.65   | 0.39%             | 2032-06-25      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| Proampac PG Borrower LLC                                            | PROAMPAC PG BORROWER LLC TERM LOAN (02/26) 1LIEN                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1344897 | PA      | $1302196.12   | 0.25%             | 2033-02-02      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corp                                                    | Lamar Media Corp.                                                                | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2048000 | PA      | $1993146.10   | 0.38%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Oregon Tool Inc                                                     | ASP BLADE HLDGS INC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1558090 | PA      | $1106890.24   | 0.21%             | 2029-10-15      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Orbit Private Holdings I Ltd                                        | Orbit Private Holdings I Ltd                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |   3767874 | PA      | $3752971.84   | 0.71%             | 2031-12-10      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| KUEHG Corp                                                          | KUEHG Corp                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    966653 | PA      | $869987.94    | 0.17%             | 2032-07-01      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| 1011778 Bc Ulc                                                      | 1011778 BC UNLIMITED LIABILITY CO                                                | CUSIP: C6901LAM9<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   1545707 | PA      | $1544169.34   | 0.29%             | 2030-09-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3 Inc                                         | Fortress Intermediate 3 Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3359172 | PA      | $3338177.55   | 0.63%             | 2031-06-27      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc                           | DG Investment Intermediate Holdings 2 Inc                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3046603 | PA      | $3048506.94   | 0.58%             | 2032-07-09      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holding                                            | White Cap Buyer LLC                                                              | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |   2032895 | PA      | $1959975.33   | 0.37%             | 2029-10-19      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Leeward Renewabl                                                    | Leeward Renewable Energy Operations LLC                                          | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |     89000 | PA      | $83616.60     | 0.02%             | 2029-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| MOTION FINCO LLC                                                    | MOTION FINCO LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1004816 | PA      | $883881.70    | 0.17%             | 2029-11-12      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| HNI Corp                                                            | HNI Corp                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    793217 | PA      | $798920.17    | 0.15%             | 2032-12-10      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Team.blue Finco Sarl                                                | team.blue Finco SARL                                                             | CUSIP: L9019GAC5<br>LEI: 549300DR8PIYMOZ4YU85 | Long             | LON              | CORP              | LU        |    239795 | PA      | $229453.84    | 0.04%             | 2032-07-12      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Caesars Entertain Inc                                               | Caesars Entertainment, Inc.                                                      | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   3297866 | PA      | $3211296.74   | 0.61%             | 2031-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Michaels Cos Inc/the                                                | MICHAELS COS INC/THE TERM (02/26) 1LIEN USD                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1224776 | PA      | $1191168.15   | 0.23%             | 2033-02-19      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                         | ASURION LLC TLB 1L                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    644697 | PA      | $624150.79    | 0.12%             | 2032-12-06      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| Boots Group Finco LP                                                | Boots Group Finco LP                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    646687 | PA      | $649784.61    | 0.12%             | 2032-08-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Jane Street Group Llc                                               | Jane Street Group LLC                                                            | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   2731374 | PA      | $2684817.26   | 0.51%             | 2031-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Genmab A/S                                                          | Genmab A/S                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |   2952876 | PA      | $2967404.62   | 0.56%             | 2032-11-18      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| M/i Homes Inc                                                       | M/I Homes, Inc.                                                                  | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    465000 | PA      | $436489.27    | 0.08%             | 2030-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Mpt Oper Partnersp/finl                                             | MPT Operating Partnership LP / MPT Finance Corp.                                 | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46585.00     | 0.01%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mpt Oper Partnersp/finl                                             | MPT Operating Partnership LP / MPT Finance Corp.                                 | CUSIP: 55342UAJ3<br>LEI: 254900U6E39J1MQCCY14 | Long             | DBT              | CORP              | US        |   3523000 | PA      | $2743535.58   | 0.52%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Mpt Oper Partnersp/finl                                             | MPT Operating Partnership LP / MPT Finance Corp.                                 | CUSIP: 55342UAM6<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |    140000 | PA      | $91629.99     | 0.02%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Imagine Learning  LLC                                               | Imagine Learning LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3193125 | PA      | $2969622.22   | 0.56%             | 2029-12-21      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Aretec Group Inc                                                    | ARETEC GROUP INC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3708398 | PA      | $3666882.02   | 0.70%             | 2030-08-09      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Discovery Holdings Inc                                              | Discovery Global Holdings, Inc.                                                  | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2021000 | PA      | $1791111.25   | 0.34%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Westjet Loyalty Lp                                                  | WestJet Loyalty LP                                                               | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    354922 | PA      | $345733.31    | 0.07%             | 2031-02-14      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| Marriott Ownership Resor                                            | Marriott Ownership Resorts, Inc.                                                 | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    220000 | PA      | $209389.05    | 0.04%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Proofpoint Inc                                                      | Proofpoint Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3776497 | PA      | $3661635.04   | 0.70%             | 2028-08-31      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Camelot Us Acquisition Llc                                          | Camelot US Acquisition LLC                                                       | CUSIP: L2000AAF7<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |   2500000 | PA      | $2172400.00   | 0.41%             | 2031-01-31      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Padagis LLC                                                         | Padagis LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2078664 | PA      | $1917567.80   | 0.36%             | 2028-07-06      | Floating      | 8.66%                 | No            |                  3 | On Loan: No      |
| St. George's University Scholastic Services LLC                     | St. George's University Scholastic Services LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1945179 | PA      | $1911750.85   | 0.36%             | 2029-02-10      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Ascensus Holdings Inc                                               | Ascensus Holdings, Inc.                                                          | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3701297 | PA      | $3648090.90   | 0.69%             | 2028-08-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Mattamy Group Corp                                                  | Mattamy Group Corp.                                                              | CUSIP: 57701RAQ5<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    370000 | PA      | $347884.73    | 0.07%             | 2033-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| VT Topco Inc                                                        | VT Topco, Inc. 12/24 1L                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    684919 | PA      | $666425.74    | 0.13%             | 2030-08-09      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Heron Bidco LLC                                                     | Heron Bidco LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1093387 | PA      | $1090653.20   | 0.21%             | 2032-12-10      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| Kodiak BP LLC                                                       | Kodiak Building Partners                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3288276 | PA      | $3292649.19   | 0.63%             | 2031-12-04      | Floating      | 10.50%                | No            |                  2 | On Loan: No      |
| N/A                                                                 | GALILEO PARENT INC TERM LOAN (03/26) USD (03/33)                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3914844 | PA      | $3845120.29   | 0.73%             | 2033-03-02      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| Vibrantz Color Solutions LLC                                        | VIBRANTZ COLOR SOLUTIONS A2 TL TL (02/26) 1LIEN                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2294040 | PA      | $1410834.88   | 0.27%             | 2030-04-30      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| Zodiac Purchaser LLC                                                | Zuora 12/24 Cov-Lite TLB                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1880550 | PA      | $1741859.44   | 0.33%             | 2032-02-14      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment PLC                                           | Flutter Financing BV                                                             | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   1609433 | PA      | $1595752.67   | 0.30%             | 2030-11-30      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| The Men's Wearhouse Llc                                             | Men's Wearhouse LLC                                                              | CUSIP: 587118AF7<br>LEI: NKFP7BJ6WYEV4I24P532 | Long             | DBT              | CORP              | US        |    219000 | PA      | $224907.74    | 0.04%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Methanex Us Operations                                              | Methanex US Operations, Inc.                                                     | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $174015.57    | 0.03%             | 2032-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Omnia Partners LLC                                                  | Omnia Partners, LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2500000 | PA      | $2501050.00   | 0.47%             | 2032-12-31      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | CACI INTERNATIONAL INC TERM LOAN (02/26) 1LIEN USD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    734866 | PA      | $735556.37    | 0.14%             | 2033-02-28      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Midas Opco Holdings Llc                                             | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |   1097000 | PA      | $1045339.42   | 0.20%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| S&S Holdings LLC                                                    | S&S Holdings LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    845620 | PA      | $799111.37    | 0.15%             | 2031-10-01      | Floating      | 8.68%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                               | American Airlines, Inc.                                                          | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |   2667956 | PA      | $2607927.41   | 0.50%             | 2028-02-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors                                             | Grant Thornton Advisors LLC                                                      | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |   3032717 | PA      | $2838743.96   | 0.54%             | 2031-06-02      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Envestnet, Inc.                                                     | Envestnet, Inc.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    471901 | PA      | $458824.70    | 0.09%             | 2031-11-25      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                                               | Mineral Resources, Ltd.                                                          | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   2811000 | PA      | $2875145.36   | 0.55%             | 2031-04-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                                              | TK Elevator Midco GmbH                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |   1985037 | PA      | $1991518.61   | 0.38%             | 2030-04-30      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Skopima Consilio Parent                                             | Skopima Consilio Parent, LLC                                                     | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |    859808 | PA      | $676828.01    | 0.13%             | 2028-05-12      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Virtusa Corp                                                        | Virtusa Corp.                                                                    | CUSIP: 92828KAP7<br>LEI: C77OMXDER63WLJCSKT03 | Long             | LON              | CORP              | US        |   3277638 | PA      | $2968310.99   | 0.56%             | 2029-02-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| BEP Intermediate Holdco, LLC                                        | BEP Intermediate Holdco                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1155914 | PA      | $1155914.47   | 0.22%             | 2031-04-28      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| SCIH Salt Holdings Inc                                              | SCIH Salt Holdings Inc                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1475500 | PA      | $1473655.35   | 0.28%             | 2029-01-31      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings Inc                                   | Engineered Machinery Holdings Inc                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2404548 | PA      | $2417772.65   | 0.46%             | 2032-11-26      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Conga Corp                                                          | Conga Corp.                                                                      | CUSIP: 03835XAD4<br>LEI: 254900VOVRKNFQ3GHG43 | Long             | LON              | CORP              | US        |    882058 | PA      | $757838.04    | 0.14%             | 2028-05-06      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Apro LLC                                                            | APRO LLC                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1114520 | PA      | $1119396.42   | 0.21%             | 2031-07-09      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Ankura Consulting Group                                             | Ankura Consulting Group LLC                                                      | CUSIP: 03539PAJ7<br>LEI: 549300VJ5EU1KWD54I45 | Long             | LON              | CORP              | US        |   2830325 | PA      | $2710036.34   | 0.51%             | 2031-12-26      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Froneri International Limited                                       | FRONERI INTL LTD                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |   1955289 | PA      | $1921208.74   | 0.36%             | 2032-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                                                     | Murphy Oil Corp.                                                                 | CUSIP: 626717AQ5<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    725000 | PA      | $716523.01    | 0.14%             | 2034-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ngl Enrgy Op/fin Corp                                               | NGL Energy Operating LLC / NGL Energy Finance Corp.                              | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |   2497000 | PA      | $2575091.18   | 0.49%             | 2032-02-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Nabors Industries Inc                                               | Nabors Industries, Inc.                                                          | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   1888000 | PA      | $1968073.86   | 0.37%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Nabors Industries Inc                                               | Nabors Industries, Inc.                                                          | CUSIP: 62957HAR6<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    490000 | PA      | $501900.89    | 0.10%             | 2032-11-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Nassau Companies Of Ny                                              | Nassau Cos. of New York                                                          | CUSIP: 63155AAA6<br>LEI: 549300Q3ENSFI87YLC32 | Long             | DBT              | CORP              | US        |    277000 | PA      | $253278.72    | 0.05%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Mcafee Corp                                                         | McAfee Corp.                                                                     | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |   4307026 | PA      | $3860172.44   | 0.73%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Perforce Software, Inc.                                             | Perforce Software, Inc.                                                          | CUSIP: 71376GAK7<br>LEI: 549300322GBMUSL1VG17 | Long             | LON              | CORP              | US        |   5309240 | PA      | $3591222.71   | 0.68%             | 2029-06-29      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| Lereta LLC                                                          | Lereta, LLC                                                                      | CUSIP: N/A<br>LEI: 549300VK5GMZ4QV5U417       | Long             | LON              | CORP              | US        |   1381780 | PA      | $1277760.05   | 0.24%             | 2028-07-30      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                      | Cloudera, Inc.                                                                   | CUSIP: N/A<br>LEI: 549300PGONC4JOI0RG62       | Long             | LON              | CORP              | US        |   4541894 | PA      | $4067833.46   | 0.77%             | 2028-10-08      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield U.S. Borrower, LLC                              | Cushman & Wakefield US Borrower LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    623775 | PA      | $626894.24    | 0.12%             | 2030-01-31      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| Navient Corp                                                        | Navient Corp.                                                                    | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1089000 | PA      | $1062562.78   | 0.20%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                                        | Navient Corp.                                                                    | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    208000 | PA      | $185701.89    | 0.04%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Spencer Spirit IH LLC                                               | Spencer Spirit IH LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1763117 | PA      | $1768996.79   | 0.34%             | 2031-07-15      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Risewell Homes Inc                                                  | Risewell Homes, Inc.                                                             | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    310000 | PA      | $303512.10    | 0.06%             | 2030-11-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp                                                  | Rithm Capital Corp.                                                              | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   1426000 | PA      | $1402229.44   | 0.27%             | 2029-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp                                                  | Rithm Capital Corp.                                                              | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1109877.47   | 0.21%             | 2030-07-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BroadStreet Partners Inc                                            | BroadStreet Partners Inc                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4500000 | PA      | $4396792.50   | 0.84%             | 2031-06-13      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Oeg Borrower Llc                                                    | Opry Entertainment/OEG                                                           | CUSIP: 67115HAG8<br>LEI: 254900UUVX9EYPUMP391 | Long             | LON              | CORP              | US        |   1076798 | PA      | $1082634.03   | 0.21%             | 2031-06-25      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Co                                                     | Nissan Motor Co., Ltd.                                                           | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   1490000 | PA      | $1354316.41   | 0.26%             | 2030-09-17      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Nissan Motor Co                                                     | Nissan Motor Co., Ltd.                                                           | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $257435.33    | 0.05%             | 2035-07-17      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Nordstrom Inc                                                       | Nordstrom, Inc.                                                                  | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    251000 | PA      | $167793.40    | 0.03%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                                       | Nordstrom, Inc.                                                                  | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |     90000 | PA      | $84079.93     | 0.02%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                                       | Nordstrom, Inc.                                                                  | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    250000 | PA      | $225222.49    | 0.04%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco, LLC                                                 | Radiate Holdco, LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1812168 | PA      | $1618111.82   | 0.31%             | 2029-09-25      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| Saphilux Sarl                                                       | Saphilux Sarl                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    313852 | PA      | $313970.14    | 0.06%             | 2028-07-27      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Discovery Purchaser Corporation                                     | Discovery Purchaser/Bayer/Envu 8/22 TL                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2046426 | PA      | $2018543.90   | 0.38%             | 2029-10-04      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Northern Oil & Gas Inc                                              | Northern Oil & Gas, Inc.                                                         | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93637.80     | 0.02%             | 2031-06-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Northern Oil & Gas Inc                                              | Northern Oil & Gas, Inc.                                                         | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1129000 | PA      | $1168862.73   | 0.22%             | 2033-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Gen Digital Inc                                                     | Gen Digital, Inc.                                                                | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    383000 | PA      | $386978.60    | 0.07%             | 2030-09-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| TripAdvisor Inc                                                     | Trip.com/TripAdvisor 7/24                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4771380 | PA      | $4540754.87   | 0.86%             | 2031-07-08      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Mermaid Bidco Inc                                                   | Mermaid Bidco Inc aka Datasite TL 1L                                             | CUSIP: 59012CAL9<br>LEI: 254900765HT42I3EW691 | Long             | LON              | CORP              | US        |   2656592 | PA      | $2606780.92   | 0.50%             | 2031-06-27      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Novelis Corp                                                        | Novelis Corp.                                                                    | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    790000 | PA      | $747942.60    | 0.14%             | 2030-01-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Nufarm Australia/america                                            | Nufarm Australia, Ltd. / Nufarm Americas, Inc.                                   | CUSIP: 67052NAB1<br>LEI: 254900Z2JJWSZ7WQM263 | Long             | DBT              | CORP              | AU        |    151000 | PA      | $135721.32    | 0.03%             | 2030-01-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Oak-eagle Acquireco Inc                                             | OAK-Eagle Acquireco, Inc.                                                        | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    243000 | PA      | $251928.90    | 0.05%             | 2033-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc                           | DG INVT INTER HLDGS 2 INC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1093387 | PA      | $1071518.94   | 0.20%             | 2033-07-29      | Floating      | 9.17%                 | No            |                  3 | On Loan: No      |
| Synechron Inc                                                       | Synechron Inc                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4042649 | PA      | $3724290.39   | 0.71%             | 2031-10-03      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Ukg Inc                                                             | UKG, Inc.                                                                        | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    121150 | PA      | $115933.41    | 0.02%             | 2031-02-10      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Oi European Group Bv                                                | OI European Group BV                                                             | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |   1393000 | PA      | $1300905.15   | 0.25%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Olin Corp                                                           | Olin Corp.                                                                       | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $994168.04    | 0.19%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| EG America LLC                                                      | EG America LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1833698 | PA      | $1837365.21   | 0.35%             | 2031-01-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corp                                       | Olympus Water US Holding Corp                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    634808 | PA      | $613583.40    | 0.12%             | 2032-11-03      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| 1011778 Bc / New Red Fin                                            | 1011778 BC ULC / New Red Finance, Inc.                                           | CUSIP: 68245XAJ8<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |    183000 | PA      | $180561.85    | 0.03%             | 2028-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| 1011778 Bc / New Red Fin                                            | 1011778 BC ULC / New Red Finance, Inc.                                           | CUSIP: 68245XAT6<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $602056.80    | 0.11%             | 2029-09-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Onemain Finance Corp                                                | OneMain Finance Corp.                                                            | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    160000 | PA      | $153094.56    | 0.03%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Onemain Finance Corp                                                | OneMain Finance Corp.                                                            | CUSIP: 682691AN0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1628000 | PA      | $1563047.03   | 0.30%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Open Text Corp                                                      | Open Text Corp.                                                                  | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $96375.39     | 0.02%             | 2028-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Open Text Corp                                                      | Open Text Corp.                                                                  | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   1340000 | PA      | $1198997.70   | 0.23%             | 2029-12-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Open Text Corp                                                      | Open Text Holdings, Inc.                                                         | CUSIP: 683720AA4<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | US        |    585000 | PA      | $523219.91    | 0.10%             | 2030-02-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Atlas CC Acquisition Corp                                           | ATLAS CC ACQUISITION CORP                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4252632 | PA      | $901324.00    | 0.17%             | 2029-05-01      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Atlas CC Acquisition Corp                                           | ATLAS CC ACQUISITION CORP                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    617070 | PA      | $130784.98    | 0.02%             | 2029-05-01      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc                                            | BMC Software 7/24 2nd Lien TL                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3512587 | PA      | $2959372.29   | 0.56%             | 2032-07-02      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| Owens-brockway                                                      | Owens-Brockway Glass Container, Inc.                                             | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    273000 | PA      | $258729.39    | 0.05%             | 2032-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Vs Buyer Llc                                                        | VS Buyer LLC                                                                     | CUSIP: 91834WAG5<br>LEI: 254900G5QLDMHSCYJK25 | Long             | LON              | CORP              | US        |    119742 | PA      | $117246.94    | 0.02%             | 2031-04-12      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Outcomes Group Holdings                                             | OUTCOMES GROUP HOLDING INC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1986913 | PA      | $1989714.97   | 0.38%             | 2031-05-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Isolved Inc                                                         | Isolved, Inc.                                                                    | CUSIP: 46488HAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1323294 | PA      | $1264162.44   | 0.24%             | 2030-10-15      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| First Advantage Holdings LLC                                        | First Advantage Holdings LL                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2611179 | PA      | $2548079.81   | 0.48%             | 2031-10-31      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Pbf Holding Co Llc                                                  | PBF Holding Co. LLC / PBF Finance Corp.                                          | CUSIP: 69318FAL2<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |   1083000 | PA      | $1112865.89   | 0.21%             | 2030-09-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Pbf Holding Co Llc                                                  | PBF Holding Co. LLC / PBF Finance Corp.                                          | CUSIP: 69318FAM0<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |   1409000 | PA      | $1511200.41   | 0.29%             | 2030-03-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Pra Group Inc                                                       | PRA Group, Inc.                                                                  | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    789000 | PA      | $797179.56    | 0.15%             | 2030-01-31      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Finastra Usa, Inc.                                                  | Finastra USA Inc                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4218673 | PA      | $3971711.82   | 0.75%             | 2032-09-15      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Signia Aerospace LLC                                                | Signia Aerospace LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1567786 | PA      | $1573664.87   | 0.30%             | 2031-12-11      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Starwood Property Mortgage LLC                                      | STARWOOD PPTY MTG LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1136383 | PA      | $1137803.75   | 0.22%             | 2030-01-02      | Floating      | 5.67%                 | No            |                  3 | On Loan: No      |
| Berlin Packaging LLC                                                | Berlin Packaging LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2263660 | PA      | $2187578.74   | 0.42%             | 2031-06-09      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Park-ohio Industries Inc                                            | Park-Ohio Industries, Inc.                                                       | CUSIP: 700677AS6<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |    710000 | PA      | $728321.55    | 0.14%             | 2030-08-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| CHG Healthcare Services Inc                                         | CHG Healthcare Services Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3102151 | PA      | $3108448.51   | 0.59%             | 2028-09-29      | Floating      | 2.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | BCPE Empire Holdings Inc                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2518597 | PA      | $2483979.12   | 0.47%             | 2033-03-02      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Pennymac Fin Svcs Inc                                               | PennyMac Financial Services, Inc.                                                | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    680000 | PA      | $637073.93    | 0.12%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Entain PLC                                                          | Entain Holdings Gibraltar Ltd                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GI        |   3751409 | PA      | $3754635.54   | 0.71%             | 2029-10-31      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Corpay Technologies Operating Company, LLC                          | Corpay Technologies Operating Co LLC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3319816 | PA      | $3318787.18   | 0.63%             | 2032-11-05      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Trio Bidco Inc                                                      | Trio Bidco Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    190410 | PA      | $185015.71    | 0.04%             | 2032-10-29      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| Petco Health & Wellness                                             | Petco Health & Wellness Co., Inc.                                                | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |     79000 | PA      | $78945.83     | 0.01%             | 2031-02-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Petsmart Llc/petsmart Fi                                            | PetSmart LLC / PetSmart Finance Corp.                                            | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    608000 | PA      | $611413.92    | 0.12%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Phinia Inc                                                          | Phinia, Inc.                                                                     | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132509.39    | 0.03%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Arcwood Environmental, Inc.                                         | ARCWOOD ENVIRONMENTAL INC TLB 1L                                                 | CUSIP: 03970GAC8<br>LEI: 549300E3IIHNPMXFHC03 | Long             | LON              | CORP              | US        |    734866 | PA      | $736702.76    | 0.14%             | 2033-03-23      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Primo Brands Corp                                                   | Primo Brands Corp.                                                               | CUSIP: 89678QAF3<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |   4715152 | PA      | $4728402.05   | 0.90%             | 2031-03-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | Tega MC Australia Hldgs Pty Ltd TLB 1L                                           | CUSIP: 87901TAB9<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |    728345 | PA      | $724703.52    | 0.14%             | 2033-03-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Pitney Bowes Inc                                                    | Pitney Bowes, Inc.                                                               | CUSIP: 724479AQ3<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |   1411000 | PA      | $1412833.09   | 0.27%             | 2029-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                 | OAK-EAGLE ACQUIRECO INC TERM (10/25) 1LIEN USD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5697786 | PA      | $5669297.48   | 1.08%             | 2033-03-24      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                                   | Alliant Holdings Intermediate LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    330572 | PA      | $328411.52    | 0.06%             | 2031-09-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | JUPITER BORROWER INC TLB 1L                                                      | CUSIP: 48207CAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    944025 | PA      | $944025.05    | 0.18%             | 2033-03-25      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Jump Financial LLC                                                  | Jump Financial LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GI        |    164980 | PA      | $165186.72    | 0.03%             | 2032-02-26      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Disco Parent Inc                                                    | Disco Parent Inc                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GI        |    554251 | PA      | $545244.50    | 0.10%             | 2032-08-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Sanmina Corporation                                                 | Sanmina Corp                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    973969 | PA      | $976403.62    | 0.19%             | 2032-10-27      | Floating      | 5.67%                 | No            |                  3 | On Loan: No      |
| Post Holdings Inc                                                   | Post Holdings, Inc.                                                              | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    780000 | PA      | $726145.98    | 0.14%             | 2031-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Post Holdings Inc                                                   | Post Holdings, Inc.                                                              | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117639.11    | 0.02%             | 2036-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Precision Drilling Corp                                             | Precision Drilling Corp.                                                         | CUSIP: 740212AM7<br>LEI: 8945003E8R4T2TZ7G795 | Long             | DBT              | CORP              | CA        |    535000 | PA      | $539272.51    | 0.10%             | 2029-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Prestige Brands Inc                                                 | Prestige Brands, Inc.                                                            | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |   2096000 | PA      | $1922596.66   | 0.37%             | 2031-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Prime Healthcare Service                                            | Prime Healthcare Services, Inc.                                                  | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $435831.90    | 0.08%             | 2029-09-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Project Castle Inc                                                  | Project Castle, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4319888 | PA      | $2352524.33   | 0.45%             | 2029-06-01      | Floating      | 9.19%                 | No            |                  2 | On Loan: No      |
| Prog Holdings Inc                                                   | PROG Holdings, Inc.                                                              | CUSIP: 74319RAA9<br>LEI: 549300DHYTLBOVRXIG52 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1150480.10   | 0.22%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Resideo Funding Inc                                                 | Resideo Funding Inc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    889479 | PA      | $888366.71    | 0.17%             | 2032-08-09      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Pushpay USA INC                                                     | Pushpay USA INC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   2485093 | PA      | $2435390.90   | 0.46%             | 2031-08-18      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco                                             | Allied Universal Holdco LLC                                                      | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   3129264 | PA      | $3133175.65   | 0.60%             | 2032-08-20      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc                                               | Qnity Electronics, Inc.                                                          | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    113000 | PA      | $113275.83    | 0.02%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Heartland Dental LLC                                                | Heartland Dental LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2405140 | PA      | $2403360.22   | 0.46%             | 2032-08-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | MERLIN BUYER INC TERM (03/26) 1LIEN USD (03/33)                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2574000 | PA      | $2580435.00   | 0.49%             | 2033-03-26      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group                                              | Flynn Restaurant Group LP                                                        | CUSIP: 34410JAG6<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |   2978235 | PA      | $2931968.31   | 0.56%             | 2032-01-28      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Rhp Hotel Ppty/rhp Finan                                            | RHP Hotel Properties LP / RHP Finance Corp.                                      | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    227000 | PA      | $220181.16    | 0.04%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Rxo Inc                                                             | RXO, Inc.                                                                        | CUSIP: 74982TAA1<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |    262000 | PA      | $252046.07    | 0.05%             | 2031-05-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Rfna Lp                                                             | Rfna LP                                                                          | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66958.00     | 0.01%             | 2030-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Rakuten Group Inc                                                   | Rakuten Group, Inc.                                                              | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    354000 | PA      | $377608.52    | 0.07%             | 2029-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Tidal Waste & Recycling Holdings LLC                                | Tidal Waste 10/24 TLB 1L                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1452470 | PA      | $1455919.46   | 0.28%             | 2031-10-24      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Hyperion Refinance S.A R.L.                                         | Hyperion Refinance Sarl                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   4898154 | PA      | $4787945.58   | 0.91%             | 2030-04-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Belfor Holdings Inc                                                 | Belfor Holdings Inc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    758403 | PA      | $760776.99    | 0.14%             | 2030-11-04      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Turquoise Topco LTD                                                 | TURQUOISE TOPCO LIMITED                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | JE        |   3371493 | PA      | $3274579.21   | 0.62%             | 2032-12-30      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Ringcentral Inc                                                     | RingCentral, Inc.                                                                | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31410.72     | 0.01%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Acuren Delaware Holdco Inc                                          | Acuren Delaware Holdco, Inc.                                                     | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    476150 | PA      | $476316.95    | 0.09%             | 2031-07-31      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Med Parentco Lp                                                     | MED ParentCo LP                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2197781 | PA      | $2199528.64   | 0.42%             | 2031-04-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| US Fertility Enterprises LLC                                        | US Fertility Enterprises LLC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    831618 | PA      | $831359.79    | 0.16%             | 2032-12-20      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| US Fertility Enterprises LLC                                        | US Fertility Enterprises LLC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    126003 | PA      | $125963.60    | 0.02%             | 2032-12-20      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings, LLC                                      | Truist Insurance 3/24 2nd Lien Cov-Lite                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    756284 | PA      | $751556.86    | 0.14%             | 2032-05-06      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                                            | Cloud Software Group Inc                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1722615 | PA      | $1583082.93   | 0.30%             | 2031-03-21      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                                            | Cloud Software Group Inc                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1370334 | PA      | $1257768.17   | 0.24%             | 2032-08-13      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group Llc                                            | Great Outdoors Group LLC                                                         | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   3438567 | PA      | $3437277.92   | 0.65%             | 2032-01-23      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                                        | Navient Corp.                                                                    | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    220000 | PA      | $171751.40    | 0.03%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Sm Energy Co                                                        | SM Energy Co.                                                                    | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    718000 | PA      | $729335.07    | 0.14%             | 2029-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Genesys Cloud Services                                              | Genesys Cloud Services, Inc.                                                     | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |   4620296 | PA      | $4429708.84   | 0.84%             | 2032-01-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Sv Rno Property Owner 1                                             | SV RNO Property Owner 1 LLC                                                      | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    463000 | PA      | $457947.54    | 0.09%             | 2031-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Stubhub Holdco Sub Llc                                              | StubHub Holdco Sub LLC                                                           | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |   3225610 | PA      | $3184289.78   | 0.60%             | 2030-03-15      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| AL GCX Holdings LLC                                                 | AL GCX Holdings LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2500000 | PA      | $2505075.00   | 0.48%             | 2032-12-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| MI Windows and Doors Inc                                            | Miter Brands Acquisition Holdco Inc.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2517924 | PA      | $2328021.96   | 0.44%             | 2031-03-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Javelin Buyer Inc                                                   | SciQuest 10/24 2nd Lien                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2520000 | PA      | $2318400.00   | 0.44%             | 2032-12-06      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Thevelia Us Llc                                                     | Thevelia US LLC                                                                  | CUSIP: 88372KAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3721519 | PA      | $3661044.31   | 0.70%             | 2029-06-18      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Saturn Oil & Gas Inc                                                | Saturn Oil & Gas, Inc.                                                           | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |   1050000 | PA      | $1099741.65   | 0.21%             | 2029-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Transdigm Inc                                                       | Transdigm Inc                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    854411 | PA      | $855355.34    | 0.16%             | 2032-08-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Starwood Property Mortgage LLC                                      | Starwood Property Mortgage LLC                                                   | CUSIP: 85570DAP7<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |   1039465 | PA      | $1042495.34   | 0.20%             | 2032-09-24      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Seagate Data Stor                                                   | Seagate Data Storage Technology Pte, Ltd.                                        | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    220000 | PA      | $223764.20    | 0.04%             | 2030-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Stor                                                   | Seagate Data Storage Technology Pte, Ltd.                                        | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   1050000 | PA      | $1103385.15   | 0.21%             | 2029-12-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Stor                                                   | Seagate Data Storage Technology Pte, Ltd.                                        | CUSIP: 81180LAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    344000 | PA      | $343569.83    | 0.07%             | 2034-12-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| EOC Borrower LLC                                                    | Endeavor 1/25 Cov-Lite                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4698515 | PA      | $4693816.86   | 0.89%             | 2032-03-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Delta Topco Inc                                                     | Delta Topco, Inc.                                                                | CUSIP: 24780DAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2597830 | PA      | $2518881.54   | 0.48%             | 2029-11-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Coral US Co-Borrower LLC                                            | Cable & Wireless 1/25 B7                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3833075 | PA      | $3773202.32   | 0.72%             | 2032-02-02      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc                                            | Boxer Parent Co., Inc.                                                           | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   3406444 | PA      | $3167634.94   | 0.60%             | 2031-07-30      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Ascend Learning Llc                                                 | Ascend Learning LLC                                                              | CUSIP: 04349HAN4<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |   1341175 | PA      | $1312340.16   | 0.25%             | 2028-12-11      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Kaman Corp                                                          | Kaman 1/25 Cov-Lite TLB                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |         3 | PA      | $3.24         | 0.00%             | 2032-02-26      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Access CIG LLC                                                      | ACCESS CIG LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3863263 | PA      | $3512343.38   | 0.67%             | 2030-08-19      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| Select Medical Corp                                                 | Select Medical Corp.                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66781.95     | 0.01%             | 2032-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Diversified Healthcare T                                            | Diversified Healthcare Trust                                                     | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1510369.05   | 0.29%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Service Corp Intl                                                   | Service Corp. International                                                      | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93283.05     | 0.02%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                            | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1359249.83   | 0.26%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Forgent Intermediate IV LLC                                         | Forgent Intermediate IV LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3421377 | PA      | $3441699.57   | 0.65%             | 2032-12-20      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Cornerstone OnDemand, Inc.                                          | Cornerstone OnDemand, Inc.                                                       | CUSIP: N/A<br>LEI: 549300Z402F16H5EGH48       | Long             | LON              | CORP              | US        |   5343647 | PA      | $3922584.59   | 0.74%             | 2028-10-16      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| KREF Holdings X LLC                                                 | KREF Holdings X LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3117394 | PA      | $3098892.38   | 0.59%             | 2032-03-05      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Hudson River Trading LLC                                            | Hudson River Trading LLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2946682 | PA      | $2938092.88   | 0.56%             | 2030-03-18      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| TCP Sunbelt Acquisition Co                                          | Sunbelt Transformer 10/24                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    950168 | PA      | $951949.55    | 0.18%             | 2031-10-24      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance Bv                                                  | Nouryon Finance BV                                                               | CUSIP: N8232NAL1<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |   2681596 | PA      | $2634668.02   | 0.50%             | 2028-04-03      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Us Anesthesia Partners                                              | U.S. Anesthesia Partners, Inc.                                                   | CUSIP: 90350HAL3<br>LEI: 549300J001GMNRO7SQ51 | Long             | LON              | CORP              | US        |   1491393 | PA      | $1493928.54   | 0.28%             | 2028-10-02      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concret                                            | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    500000 | PA      | $515987.50    | 0.10%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Genuine Financial Holdings LLC                                      | HireRight Holdings Corp.                                                         | CUSIP: 37190DAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1028847 | PA      | $888151.97    | 0.17%             | 2030-09-27      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Ait Worldwide Logistic H                                            | AIT Worldwide Logistics Holdings, Inc.                                           | CUSIP: 00145AAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1287181 | PA      | $1291203.16   | 0.25%             | 2030-04-08      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Arsenal Aic Parent Llc                                              | Arsenal AIC Parent LLC                                                           | CUSIP: 04287KAG6<br>LEI: 254900G9F9HA5EP57J39 | Long             | LON              | CORP              | US        |    580705 | PA      | $582882.70    | 0.11%             | 2030-08-19      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                               | QUIKRETE HLDGS INC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2689506 | PA      | $2687825.05   | 0.51%             | 2032-02-10      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Sunrise Financing Partnersh                                         | Sunrise Financing Partnership                                                    | CUSIP: N9000DAK3<br>LEI: 213800DXWIS9KORQ3X94 | Long             | LON              | CORP              | US        |   1640080 | PA      | $1632224.02   | 0.31%             | 2032-02-17      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Blackhawk Network Holdings Inc                                      | Blackhawk Network Holdings Inc                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2700000 | PA      | $2669287.50   | 0.51%             | 2029-03-12      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Fortis 333 Inc                                                      | Fortis 333 Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |   1253700 | PA      | $1221830.95   | 0.23%             | 2032-03-29      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners, LLC                                       | FOCUS FINL PARTNERS LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4672926 | PA      | $4532481.63   | 0.86%             | 2031-09-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Star Leasing Co Llc                                                 | Star Leasing Co. LLC                                                             | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    318000 | PA      | $294617.08    | 0.06%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Star Holding Llc                                                    | Star Holding LLC                                                                 | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213314.85    | 0.04%             | 2031-08-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Star Parent Inc                                                     | Star Parent, Inc.                                                                | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    340000 | PA      | $352665.34    | 0.07%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust                                             | Starwood Property Trust, Inc.                                                    | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    579000 | PA      | $596878.94    | 0.11%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust                                             | Starwood Property Trust, Inc.                                                    | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    780000 | PA      | $797026.62    | 0.15%             | 2030-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust                                             | Starwood Property Trust, Inc.                                                    | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1622361.47   | 0.31%             | 2028-10-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Ahead DB Holdings LLC                                               | Ahead 7/24 TLB3 1L                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1987254 | PA      | $1960863.75   | 0.37%             | 2031-02-01      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Stena International Sa                                              | Stena International SA                                                           | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $202245.80    | 0.04%             | 2031-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Stena International Sa                                              | Stena International SA                                                           | CUSIP: 85858EAE3<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    110000 | PA      | $112791.03    | 0.02%             | 2031-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Wilsonart Llc                                                       | Wilsonart LLC                                                                    | CUSIP: 97246FAM8<br>LEI: 549300SAZRUMYKDJBY14 | Long             | LON              | CORP              | US        |   1060645 | PA      | $926738.94    | 0.18%             | 2031-08-05      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| Stonex Escrow Issuer Llc                                            | Stonex Escrow Issuer LLC                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    756000 | PA      | $764563.21    | 0.15%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Newfold Digital Holdings Group Inc                                  | New Money Tranche A                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    236540 | PA      | $179770.29    | 0.03%             | 2029-04-30      | Floating      | 9.53%                 | No            |                  3 | On Loan: No      |
| Suburban Propane Partnrs                                            | Suburban Propane Partners LP/Suburban Energy Finance Corp.                       | CUSIP: 864486AL9<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | DBT              | CORP              | US        |    841000 | PA      | $792149.17    | 0.15%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Suburban Propane Partnrs                                            | Suburban Propane Partners LP/Suburban Energy Finance Corp.                       | CUSIP: 864486AM7<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | DBT              | CORP              | US        |   1168000 | PA      | $1136452.90   | 0.22%             | 2035-12-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Nrg Energy Inc                                                      | NRG Energy 3/24 Cov-Lite                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1883236 | PA      | $1889262.16   | 0.36%             | 2031-04-16      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Summit Midstream Holding                                            | Summit Midstream Holdings LLC                                                    | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1224000 | PA      | $1259626.97   | 0.24%             | 2029-10-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Suncoke Energy Inc                                                  | SunCoke Energy, Inc.                                                             | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |   1012000 | PA      | $914203.76    | 0.17%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Sunoco Lp                                                           | Sunoco LP / Sunoco Finance Corp.                                                 | CUSIP: 86765KAA7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    920000 | PA      | $941680.72    | 0.18%             | 2028-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Sunoco Lp                                                           | Sunoco LP / Sunoco Finance Corp.                                                 | CUSIP: 86765LAT4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1593000 | PA      | $1554461.03   | 0.30%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Superior Plus/gen Prtnr                                             | Superior Plus LP / Superior General Partner, Inc.                                | CUSIP: 86828LAC6<br>LEI: 549300K5Y13GU6TPZJ49 | Long             | DBT              | CORP              | CA        |   1223000 | PA      | $1169989.07   | 0.22%             | 2029-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain Informatio                                            | Iron Mountain Information Management LLC                                         | CUSIP: 46284NAV1<br>LEI: 5493009M0X1LQXGBWV02 | Long             | LON              | CORP              | US        |   2381599 | PA      | $2371929.94   | 0.45%             | 2031-01-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                 | Synchrony Financial                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1167000 | PA      | $1192790.72   | 0.23%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                                 | Peer Hldg III BV                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    585417 | PA      | $585325.82    | 0.11%             | 2030-10-28      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Barentz International B.V.                                          | Barentz Intl BV                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |   1985037 | PA      | $1928960.16   | 0.37%             | 2031-03-03      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                                 | Peer Hldg III BV                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |   1628709 | PA      | $1627438.39   | 0.31%             | 2031-06-20      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Talos Production Inc                                                | Talos Production, Inc.                                                           | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   1904000 | PA      | $2018872.13   | 0.38%             | 2031-02-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Comm                                                | Taylor Morrison Communities, Inc.                                                | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   1122000 | PA      | $1125745.24   | 0.21%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| DTI Holdco, Inc.                                                    | DTI Holdco Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1459507 | PA      | $1263692.62   | 0.24%             | 2029-04-26      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Newfold Digital Holdings Group Inc                                  | NEWFOLD DIGITAL HLDGS GROUP INC TL 1L                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3468294 | PA      | $2556617.92   | 0.49%             | 2029-04-30      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Secretariat Advisors Llc                                            | Secretariat Advisors LLC                                                         | CUSIP: 81368NAN5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    597772 | PA      | $588805.67    | 0.11%             | 2032-02-27      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| Secretariat Advisors Llc                                            | Secretariat Advisors LLC                                                         | CUSIP: 81368NAP0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     72565 | PA      | $71476.51     | 0.01%             | 2032-02-27      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| Somnigroup Intl Inc                                                 | Somnigroup International, Inc.                                                   | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    705000 | PA      | $678462.18    | 0.13%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Tenneco Inc                                                         | Tenneco, Inc.                                                                    | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    480000 | PA      | $478585.58    | 0.09%             | 2028-11-17      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Medical Solutions Holdings, Inc.                                    | Medical Solutions Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3529346 | PA      | $2541129.47   | 0.48%             | 2028-11-01      | Floating      | 7.91%                 | No            |                  3 | On Loan: No      |
| Genesee & Wyoming Inc                                               | Genesee & WY Inc                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1875403 | PA      | $1868567.28   | 0.35%             | 2031-04-10      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                                            | Cloud Software Group, Inc.                                                       | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1103507.49   | 0.21%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Tidewater Inc                                                       | Tidewater, Inc.                                                                  | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |   1306000 | PA      | $1392433.69   | 0.26%             | 2030-07-15      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Newfold Digital Holdings Group Inc                                  | NEWFOLD DIGITAL HLDGS GROUP INC TL 1L                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    713123 | PA      | $235330.65    | 0.04%             | 2029-04-30      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Hanger Inc                                                          | Hanger, Inc.                                                                     | CUSIP: 41043BAJ7<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |    171557 | PA      | $172200.47    | 0.03%             | 2031-10-23      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Sazerac Company, Inc.                                               | Sazerac Co Inc                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2030237 | PA      | $2031506.21   | 0.39%             | 2032-07-09      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC                                | Prime Sec Services Borrower LLC                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2370376 | PA      | $2341481.05   | 0.44%             | 2032-03-08      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                                       | TransDigm, Inc.                                                                  | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2863000 | PA      | $2920010.89   | 0.55%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Transdigm Inc                                                       | TransDigm, Inc.                                                                  | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    470000 | PA      | $479926.40    | 0.09%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Transocean Interntnl Ltd                                            | Transocean International, Ltd.                                                   | CUSIP: 893830AF6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    790000 | PA      | $808005.68    | 0.15%             | 2031-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Transocean Interntnl Ltd                                            | Transocean International, Ltd.                                                   | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |   1508000 | PA      | $1559089.53   | 0.30%             | 2029-05-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Transocean Interntnl Ltd                                            | Transocean International, Ltd.                                                   | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    160000 | PA      | $167906.08    | 0.03%             | 2031-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Trimas Corp                                                         | TriMas Corp.                                                                     | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |    705000 | PA      | $671395.33    | 0.13%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Truenoord Capital Dac                                               | TrueNoord Capital DAC                                                            | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    250000 | PA      | $255449.00    | 0.05%             | 2030-03-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Restoration Hardware, Inc.                                          | Restoration Hardware, Inc. TLB 1L                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2474160 | PA      | $2412306.20   | 0.46%             | 2028-10-20      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Twilio Inc                                                          | Twilio, Inc.                                                                     | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |   1352000 | PA      | $1293866.16   | 0.25%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Cotiviti Corporation                                                | Cotiviti, Inc.                                                                   | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   1882938 | PA      | $1737951.77   | 0.33%             | 2032-03-26      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Ukg Inc                                                             | UKG, Inc.                                                                        | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    510000 | PA      | $498866.92    | 0.09%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Us Foods Inc                                                        | US Foods, Inc.                                                                   | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   3292000 | PA      | $3250617.26   | 0.62%             | 2029-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Uwm Holdings Llc                                                    | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $207694.71    | 0.04%             | 2030-02-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Uwm Holdings Llc                                                    | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $236996.63    | 0.05%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Under Armour Inc                                                    | Under Armour, Inc.                                                               | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |    661000 | PA      | $669395.06    | 0.13%             | 2030-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Voyager Parent LLC                                                  | Voyager Parent LLC                                                               | CUSIP: 92921HAD7<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |   4899194 | PA      | $4872150.33   | 0.93%             | 2032-07-01      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Apex Group Treasury Llc                                             | Apex Group Treasury LLC                                                          | CUSIP: G0472CAK1<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |   3898173 | PA      | $3563573.10   | 0.68%             | 2032-02-27      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| United Rentals North Am                                             | United Rentals North America, Inc.                                               | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136280.14    | 0.03%             | 2033-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| United Wholesale Mtge Ll                                            | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    380000 | PA      | $356033.82    | 0.07%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Uniti Group/csl Capital                                             | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC                | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $398562.45    | 0.08%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications                                            | Univision Communications, Inc.                                                   | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502827.50    | 0.10%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications                                            | Univision Communications, Inc.                                                   | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    350000 | PA      | $360976.06    | 0.07%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Usa Com Part/usa Com Fin                                            | USA Compression Partners LP / USA Compression Finance Corp.                      | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |   2019000 | PA      | $2066983.90   | 0.39%             | 2029-03-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Vm Consolidated Inc                                                 | VM Consolidated, Inc.                                                            | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193639.40    | 0.04%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Vz Secured Financing Bv                                             | VZ Secured Financing BV                                                          | CUSIP: 91845AAB1<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    703000 | PA      | $663279.73    | 0.13%             | 2033-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Modena Buyer LLC                                                    | Modena Buyer LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1643306 | PA      | $1480569.13   | 0.28%             | 2031-07-01      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Velocity Com Cap Llc                                                | Velocity Commercial Capital LLC                                                  | CUSIP: 92259RAE5<br>LEI: 549300TA4MQM8WN2XG31 | Long             | DBT              | CORP              | US        |    302000 | PA      | $302157.76    | 0.06%             | 2031-02-15      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Lng Inc                                              | Venture Global LNG, Inc.                                                         | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1284000 | PA      | $1335996.02   | 0.25%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Lng Inc                                              | Venture Global LNG, Inc.                                                         | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10215.58     | 0.00%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Veritiv Operating Co                                                | Veritiv Operating Co.                                                            | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    340000 | PA      | $353769.32    | 0.07%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Viasat Inc                                                          | Viasat, Inc.                                                                     | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1758000 | PA      | $1738669.38   | 0.33%             | 2028-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Viasat Inc                                                          | Viasat, Inc.                                                                     | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1761235.33   | 0.33%             | 2031-05-30      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Viavi Solutions Inc                                                 | Viavi Solutions, Inc.                                                            | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    660000 | PA      | $619819.53    | 0.12%             | 2029-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Victra Hldg/victra Fin                                              | Victra Holdings LLC / Victra Finance Corp.                                       | CUSIP: 92648DAA4<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | DBT              | CORP              | US        |    260000 | PA      | $270054.98    | 0.05%             | 2029-09-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Virgin Media Finance Plc                                            | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    586000 | PA      | $520150.36    | 0.10%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Vmed O2 Uk Financing I                                              | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $431908.16    | 0.08%             | 2032-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Vmed O2 Uk Financing I                                              | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAE0<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    360000 | PA      | $322124.51    | 0.06%             | 2033-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Voyager Parent LLC                                                  | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    461000 | PA      | $478904.78    | 0.09%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Total Safety Holdings LLC                                           | Total Safety Holdings, LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2951 | NS      | $1106625.00   | 0.21%             |  |  |  | No            |                  3 | On Loan: No      |
| Wabash National Corp                                                | Wabash National Corp.                                                            | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |    816000 | PA      | $715923.31    | 0.14%             | 2028-10-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| EP Purchaser LLC                                                    | EP Purcasher, LLC                                                                | CUSIP: N/A<br>LEI: 549300GGODRVQG1GH476       | Long             | LON              | CORP              | US        |   1878909 | PA      | $1193445.11   | 0.23%             | 2028-11-06      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Signia Aerospace LLC                                                | Signia Aerospace LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     76410 | PA      | $76696.42     | 0.01%             | 2031-12-11      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Precisely Software Incorporated                                     | Vision Solutions, Inc.                                                           | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4853749 | PA      | $3773789.81   | 0.72%             | 2028-04-24      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Cor                                            | Gainwell Acquisition Corp.                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3670868 | PA      | $3571461.28   | 0.68%             | 2027-10-01      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Wayfair Llc                                                         | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    259000 | PA      | $264555.29    | 0.05%             | 2029-10-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Wayfair Llc                                                         | Wayfair LLC                                                                      | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   1087000 | PA      | $1132552.91   | 0.22%             | 2030-09-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Weekley Homes Llc/ Finan                                            | Weekley Homes LLC / Weekley Finance Corp.                                        | CUSIP: 948565AF3<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |    330000 | PA      | $316468.98    | 0.06%             | 2034-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| American Greetings Corp                                             | American Greetings Corp.                                                         | CUSIP: 02639DAN6<br>LEI: 549300WMJOT8C9DNMF90 | Long             | LON              | CORP              | US        |   2632305 | PA      | $2630660.04   | 0.50%             | 2029-10-23      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| Global Medical Response                                             | Global Medical Response Inc                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4695229 | PA      | $4686425.19   | 0.89%             | 2032-09-20      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Victory Capital Holdings Inc                                        | Victory Capital Holdings Inc                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1089643 | PA      | $1088416.97   | 0.21%             | 2032-09-23      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Aadvantage Loyalty Ip                                               | AAdvantage Loyalty IP, Ltd.                                                      | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    243966 | PA      | $242135.91    | 0.05%             | 2028-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp                                                      | Whirlpool Corp.                                                                  | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    281000 | PA      | $274589.38    | 0.05%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Trident Tpi Holdings Inc                                            | Trident TPI Holdings, Inc.                                                       | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |   2760009 | PA      | $2620711.07   | 0.50%             | 2028-09-15      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                                      | R1 RCM 10/24 Cov-Lite TLB                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1740014 | PA      | $1709094.20   | 0.32%             | 2031-11-19      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                                      | R1 RCM 10/24 Cov-Lite                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    125226 | PA      | $123000.67    | 0.02%             | 2031-11-19      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Wildfire Intermediate Ho                                            | Wildfire Intermediate Holdings LLC                                               | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233213.79    | 0.04%             | 2029-10-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| William Carter                                                      | William Carter Co.                                                               | CUSIP: 96926JAG2<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    330000 | PA      | $336997.91    | 0.06%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Berkeley Research Group, LLC                                        | BERKELEY RESH GROUP LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3513101 | PA      | $3425273.62   | 0.65%             | 2032-04-30      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc                              | Project Alpha (Qlik)                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3192363 | PA      | $2433458.87   | 0.46%             | 2030-10-26      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Tamko Building Products Inc                                         | Tamko Building Products LLC                                                      | CUSIP: 87510EAD1<br>LEI: 5493003VQCGZ0AORLH30 | Long             | LON              | CORP              | US        |   1624830 | PA      | $1620768.28   | 0.31%             | 2030-09-20      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| UFC Holdings LLC                                                    | UFC Holdings LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    936915 | PA      | $937500.44    | 0.18%             | 2031-11-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Avalara Inc                                                         | Avalara, Inc.                                                                    | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |   3589873 | PA      | $3513588.03   | 0.67%             | 2032-03-29      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Baldwin Insurance Group                                             | Baldwin Insurance Group Holdings LLC                                             | CUSIP: 05825HAH7<br>LEI: 5493004GCDREAQPPYG20 | Long             | LON              | CORP              | US        |   2830570 | PA      | $2789300.09   | 0.53%             | 2031-05-27      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Wulf Compute Llc                                                    | WULF Compute LLC                                                                 | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    539000 | PA      | $569892.79    | 0.11%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Inception Holdco Sarl                                               | Inception Holdco Sarl                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   2151359 | PA      | $2168386.78   | 0.41%             | 2031-04-09      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Arcline Fm Holdings Llc                                             | Arcline FM Holdings LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    909555 | PA      | $912083.83    | 0.17%             | 2030-06-24      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Weber-Stephen Products LLC                                          | Weber-Stephen Products LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    915854 | PA      | $897765.43    | 0.17%             | 2032-10-01      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Zf Na Capital                                                       | ZF North America Capital, Inc.                                                   | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    680000 | PA      | $646702.44    | 0.12%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Zf Na Capital                                                       | ZF North America Capital, Inc.                                                   | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147463.53    | 0.03%             | 2031-03-24      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Pegasus Bidco Bv                                                    | Pegasus Bidco BV                                                                 | CUSIP: N6872PAL5<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | NL        |    804458 | PA      | $803452.45    | 0.15%             | 2029-07-12      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Capstone Borrower Inc                                               | Capstone Borrower, Inc.                                                          | CUSIP: 14071CAE8<br>LEI: 254900YSP2BAI3YKIX08 | Long             | LON              | CORP              | US        |    166762 | PA      | $158966.22    | 0.03%             | 2030-06-17      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Starlight Parent LLC                                                | STARLIGHT PARENT LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2978161 | PA      | $2538882.62   | 0.48%             | 2032-04-16      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Loire Finco Luxembourg Sarl                                         | Loire Finco Luxembourg Sa rl TLB                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   2868436 | PA      | $2870831.04   | 0.55%             | 2030-01-31      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Viavi Solutions Inc                                                 | Viavi Solutions Inc                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    446764 | PA      | $448439.19    | 0.09%             | 2032-10-18      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Zacapa SARL                                                         | Ufinet/Zacapa 10/24 TL                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |   2678762 | PA      | $2675078.98   | 0.51%             | 2029-03-22      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| The Brock Group Inc                                                 | Brock Holdings III Inc.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    164832 | NS      | $0.16         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Envision Healthcare Corporation                                     | Envision Healthcare Corp. Equity                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     79338 | NS      | $1375191.74   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Treasury Portfolio                                         | Fidelity Treasury Portfolio                                                      | CUSIP: 316175504<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    916621 | NS      | $916620.93    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Loyalty Ventures Inc                                                | Loyalty Ventures Inc                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1353511 | NS      | $128583.59    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Magenta Security Holdings LLC                                       | Magenta Security Holdings, LLC First Out TL 1L                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2695739 | PA      | $1936066.15   | 0.37%             | 2028-07-27      | Floating      | 10.68%                | No            |                  2 | On Loan: No      |
| Arbor Realty Sr Inc                                                 | Arbor Realty SR, Inc.                                                            | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    375000 | PA      | $346993.77    | 0.07%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Utex Industries Holdings, LLC                                       | Utex Industries Holdings, LLC                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3182 | NS      | $89096.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanger Inc                                                          | Hanger, Inc.                                                                     | CUSIP: 41043BAH1<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |   1325383 | PA      | $1330352.99   | 0.25%             | 2031-10-23      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Ivanti Security Holdings LLC                                        | Ivanti Software, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1587358 | PA      | $559543.77    | 0.11%             | 2029-06-01      | Floating      | 11.17%                | No            |                  2 | On Loan: No      |
| Flutter Entertainment PLC                                           | Flutter Entertainment Public Limited                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |    568908 | PA      | $563929.84    | 0.11%             | 2032-06-04      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                 | Hologic Inc                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    290832 | PA      | $287724.94    | 0.05%             | 2033-01-14      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Blackstone Strategic Credit 2027 Term Fund

**Signature:** Gregory Roppa

**Name of Signer:** Gregory Roppa

**Title:** Treasurer and Chief Financial Officer