# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-005939
**Filing Date:** 2025-12
**Character Count:** 122268
**Document Hash:** ca97a0a58a6efbee9c72bbbd9e654657
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005939.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-005939

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22718
- **FILM NUMBER:** 251603383

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-10-31

**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:** $2990754679.24

**Total Liabilities:** $17464241.87

**Net Assets:** $2973290437.37

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 17818.87463800 | **1-Year:** 84564.35722700 | **5-Year:** 214839.52173100 | **10-Year:** 21855.02663800 | **30-Year:** 498.62617100

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

- **3-Month:** 1768.01787600 | **1-Year:** 60401.35282500 | **5-Year:** 69049.23772300 | **10-Year:** 5731.65094600 | **30-Year:** 2443.49410200

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228717 | 0.67%                | 0.68%                | 0.42%                |
| Class ID C000170314 | 0.65%                | 0.66%                | 0.40%                |
| Class ID C000170313 | 0.79%                | 0.60%                | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2594994.36              | $3895646.97                                |
| Month 2  | $717500.47               | $3469536.98                                |
| Month 3  | $1526361.89              | $-3431568.34                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NewtekOne Inc                                                                      | NEWT 8 3/8 04/01/30     | CUSIP: 652526AE4<br>LEI: 549300YLU78IA8GKJ688 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4486540.91   | 0.15%             | 2030-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XXIV / Apidos CLO XXIV LLC                                              | APID 2016-24A BRR       | CUSIP: 03759CAX8<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |    345000 | PA      | $345875.27    | 0.01%             | 2030-10-20      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XIV Ltd.                                               | OCT16 2013-1A BR        | CUSIP: 67590BAU4<br>LEI: 549300QEN35HTPJ3BX33 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501521.55    | 0.02%             | 2030-07-17      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Ellington Clo Ii Llc                                                               | ECLO 2017-2A C          | CUSIP: 28852EAE9<br>LEI: 254900YE647HYXEP3N43 | Long             | ABS-CBDO         | CORP              | US        |   3333726 | PA      | $3347201.40   | 0.11%             | 2029-02-15      | Floating      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| Tci-Symphony Clo 2017-1 Ltd                                                        | TSYMP 2017-1A CR        | CUSIP: 87232BAK8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2662000 | PA      | $2665729.46   | 0.09%             | 2030-07-15      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Stellus Capital Investment Corporation                                             | SCM 4 7/8 03/30/26      | CUSIP: 858568AB4<br>LEI: 5493001DZV6QC1KUSC43 | Long             | DBT              | RF                | US        |   1111000 | PA      | $1102853.15   | 0.04%             | 2026-03-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd.                                                              | BLUEM 2018-1A C         | CUSIP: 09629TAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3520000 | PA      | $3529951.04   | 0.12%             | 2030-07-30      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Wind River 2015-1 CLO Ltd.                                                         | WINDR 2015-1A DR        | CUSIP: 88432FBG3<br>LEI: 549300H4V7OE3OL7II20 | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6028666.20   | 0.20%             | 2030-10-20      | Floating      | 7.15%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO II Ltd.                                                            | SNDPT 2013-1A A3R       | CUSIP: 83608GAS5<br>LEI: 549300Q00FJ0WHHYC788 | Long             | ABS-CBDO         | CORP              | KY        |   7420000 | PA      | $7433341.16   | 0.25%             | 2031-01-26      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Canyon Capital Clo Ltd.                                                            | CANYC 2012-1RA C        | CUSIP: 13876JAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1850000 | PA      | $1853675.95   | 0.06%             | 2030-07-15      | Floating      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                       | TII 0 1/8 01/15/30      | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  80000000 | PA      | $95951074.09  | 3.23%             | 2030-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FS KKR Capital Corp                                                                | FSK 7 7/8 01/15/29      | CUSIP: 302635AM9<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   3890000 | PA      | $4068320.67   | 0.14%             | 2029-01-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Shenergy Co Ltd.                                                                   | SHACK 2013-4RA C        | CUSIP: 81882HAG0<br>LEI: 300300PA40YYCBW4WW70 | Long             | ABS-CBDO         | CORP              | CN        |    250000 | PA      | $250472.50    | 0.01%             | 2031-04-13      | Floating      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| First Help Financial LLC                                                           | FIHEFI 6 11/15/26       | CUSIP: 32050FAA6<br>LEI: 549300N8R7JO1WEZGT69 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1967251.92   | 0.07%             | 2026-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Jamestown Clo Limited                                                              | JTWN 2018-11A A2        | CUSIP: 47049QAC0<br>LEI: 549300ICXRO4NIJIWJ29 | Long             | ABS-CBDO         | CORP              | KY        |   2800000 | PA      | $2807322.00   | 0.09%             | 2031-07-14      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Upland Clo Limited                                                                 | UPLND 2016-1A BR        | CUSIP: 915328AY4<br>LEI: 54930052JF7HYEE5CO91 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752269.50    | 0.03%             | 2031-04-20      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Shackleton 2015-VII-R CLO Ltd.                                                     | SHACK 2015-7RA DRR      | CUSIP: 81883AAY5<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | KY        |   5955000 | PA      | $5962580.72   | 0.20%             | 2031-07-15      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Shackleton 2014-V-R Clo Ltd / Llc                                                  | SHACK 2014-5RA C        | CUSIP: 81881JAG7<br>LEI: 549300OM5GJJFIKCOZ48 | Long             | ABS-CBDO         | CORP              | KY        |   9550000 | PA      | $9583892.95   | 0.32%             | 2031-05-07      | Floating      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Wind River 2019-3 Clo Ltd.                                                         | WINDR 2019-3A CR2       | CUSIP: 97314JAN5<br>LEI: 549300QKM4OHZM4I5C40 | Long             | ABS-CBDO         | CORP              | KY        |    785000 | PA      | $785000.00    | 0.03%             | 2031-04-15      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Harbourview Clo VII Ltd.                                                           | HARV7 7RA B             | CUSIP: 41165TAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    163808 | PA      | $163876.47    | 0.01%             | 2031-07-18      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Franklin Bsp Realty Trust Inc                                                      | FBRT Float 04/25/28     | CUSIP: 35243JAC5<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25201213.00  | 0.85%             | 2028-04-25      | Floating      | 7.84%                 | Yes           |                  2 | On Loan: No      |
| Equify Financial LLC                                                               | EQUIFY 9 1/2 04/30/30   | CUSIP: 29446PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4503175.65   | 0.15%             | 2030-04-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| HC Government Realty Trust Inc.                                                    | HCGRTI 7                | CUSIP: 40417L205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    210500 | NS      | $3946875.00   | 0.13%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Lcm 30 Ltd / Lcm 30 Llc                                                            | LCM 30A CR              | CUSIP: 50200YAU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5750000 | PA      | $5757452.00   | 0.19%             | 2031-04-20      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Ecp Clo 2015-7 Ltd/Llc                                                             | GLGU 2018-1A A2R        | CUSIP: 26829CBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1436266 | PA      | $1437472.72   | 0.05%             | 2030-04-22      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XXVII Ltd.                                             | OCT27 2016-1A CR        | CUSIP: 67590XAQ5<br>LEI: 6354001JUH8Y4IJVGL43 | Long             | ABS-CBDO         | CORP              | US        |   5750000 | PA      | $5762103.75   | 0.19%             | 2030-07-15      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Fidus Investment Corporation                                                       | FDUS 3 1/2 11/15/26     | CUSIP: 316500AC1<br>LEI: 549300836CRWCROFBC02 | Long             | DBT              | CORP              | US        |  10209000 | PA      | $9957292.10   | 0.33%             | 2026-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| W & T Offshore Inc.                                                                | WTI 10 3/4 02/01/29     | CUSIP: 92922PAN6<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | DBT              | CORP              | US        |  25630000 | PA      | $24165758.10  | 0.81%             | 2029-02-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| Zais Clo 3 Ltd/Llc                                                                 | ZCLO3 2015-3A BR        | CUSIP: 98887HAN4<br>LEI: 549300SYHU0CNKIXQ691 | Long             | ABS-CBDO         | CORP              | KY        |   2075000 | PA      | $2082187.80   | 0.07%             | 2031-07-15      | Floating      | 6.82%                 | Yes           |                  2 | On Loan: No      |
| Shelf Drilling North Sea Holdings Ltd.                                             | SHLFNS 9 7/8 11/22/28   | CUSIP: G23639AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  23315873 | PA      | $24947984.11  | 0.84%             | 2028-11-22      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Uirc-Gsa International, Llc                                                        | UIRCIN 6 PERP           | CUSIP: 90278W303<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      9180 | NS      | $8262000.00   | 0.28%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Sound Point Clo XXII Ltd.                                                          | SNDPT 2019-1A CRR       | CUSIP: 83611KBA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  20000000 | PA      | $20037500.00  | 0.67%             | 2032-01-20      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| SpecialTransportHolding                                                            | SpecialTransportHolding | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3242 | NS      | $5877826.54   | 0.20%             |  |  |  | No            |                  3 | On Loan: No      |
| Ramaco Resources Inc.                                                              | METC 8 1/4              | CUSIP: 75134P808<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EP               | CORP              | US        |    773047 | NS      | $19674046.15  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidus Investment Corporation                                                       | FDUS 4 3/4 01/31/26     | CUSIP: 316500AB3<br>LEI: 549300836CRWCROFBC02 | Long             | DBT              | CORP              | US        |  25341000 | PA      | $25341000.00  | 0.85%             | 2026-01-31      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Symphony Clo XIX                                                                   | SYMP 2018-19A C         | CUSIP: 87165YAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002590.00   | 0.07%             | 2031-04-16      | Floating      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO IV Ltd.                                                            | SNDPT 2013-3RA B        | CUSIP: 83609YAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    515000 | PA      | $516570.75    | 0.02%             | 2031-04-18      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo XV Ltd.                                                            | SNDPT 2017-1A D         | CUSIP: 83609RAG6<br>LEI: 549300YVZ0M0XDDYS744 | Long             | ABS-CBDO         | CORP              | KY        |    553815 | PA      | $554114.50    | 0.02%             | 2029-01-23      | Floating      | 7.72%                 | Yes           |                  2 | On Loan: No      |
| Romark Clo-I Ltd.                                                                  | RMRK 2017-1A B          | CUSIP: 77587UAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503627.00   | 0.05%             | 2030-10-23      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Whitehorse Finance Inc.                                                            | WHF 4 12/15/26          | CUSIP: 96524VAB2<br>LEI: 5493006LP9COIV2ZIB05 | Long             | DBT              | RF                | US        |  13065000 | PA      | $12781003.22  | 0.43%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ozlm XXI Ltd. / Ozlm XXI LLC                                                       | OZLM 2017-21A C         | CUSIP: 67112AAG6<br>LEI: 5493002HF6D1C4B1AK86 | Long             | ABS-CBDO         | CORP              | KY        |   4305000 | PA      | $4315112.45   | 0.15%             | 2031-01-20      | Floating      | 6.82%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XII Ltd.                                                                | APID 2013-12A CRR       | CUSIP: 03764DAR2<br>LEI: 549300M5NMLBQJXUO195 | Long             | ABS-CBDO         | CORP              | KY        |   3165000 | PA      | $3165272.19   | 0.11%             | 2031-04-15      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Symphony Clo XV LLC                                                                | SYMP 2014-15A CR3       | CUSIP: 87154EBL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    480000 | PA      | $481446.24    | 0.02%             | 2032-01-17      | Floating      | 6.49%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2024-3                                                        | PAID 2024-3 A           | CUSIP: 69547XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270874 | PA      | $272273.22    | 0.01%             | 2031-10-15      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XXII Ltd.                                              | OCT22 2014-1A CRR       | CUSIP: 67572YBU5<br>LEI: 549300MQ9W5DWZ8QX450 | Long             | ABS-CBDO         | CORP              | KY        |   2255000 | PA      | $2262238.55   | 0.08%             | 2030-01-22      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding 2012-III Ltd.                                                         | CIFC 2017-4A A2R        | CUSIP: 12551JAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4885000 | PA      | $4891902.51   | 0.16%             | 2030-10-24      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| MMP Capital LLC                                                                    | MMPCAP 9 1/2 10/18/29   | CUSIP: 55330PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4522500.00   | 0.15%             | 2029-10-18      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo Ix  Ltd                                                            | SNDPT 2015-2A BRRR      | CUSIP: 83609GBQ7<br>LEI: 549300W2FX6HEXN27U70 | Long             | ABS-CBDO         | CORP              | KY        |   7500000 | PA      | $7517430.00   | 0.25%             | 2032-07-20      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Midocean Credit CLO III LLC                                                        | MIDO 2014-3A BR         | CUSIP: 59802UAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     82619 | PA      | $82653.08     | 0.00%             | 2031-04-21      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPTAL 24-BPR2                                                      | MSC 2024-BPR2 B         | CUSIP: 61776EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  25745000 | PA      | $27446090.58  | 0.92%             | 2029-05-05      | Fixed         | 8.54%                 | Yes           |                  2 | On Loan: No      |
| Ozlm XXII Ltd / Ozlm XXII LLC                                                      | OZLM 2018-22A C         | CUSIP: 67111VAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5642000 | PA      | $5652776.22   | 0.19%             | 2031-01-17      | Floating      | 6.79%                 | Yes           |                  2 | On Loan: No      |
| Kkr Clo 20 Ltd 2017-20                                                             | KKR 20 DR               | CUSIP: 48251TAL5<br>LEI: 549300HJX0LGFQYWTF96 | Long             | ABS-CBDO         | CORP              | KY        |   8000000 | PA      | $8070640.00   | 0.27%             | 2030-10-16      | Floating      | 6.79%                 | Yes           |                  2 | On Loan: No      |
| Wind River 2015-1 CLO Ltd.                                                         | WINDR 2015-1A C1        | CUSIP: 88432FBC2<br>LEI: 549300H4V7OE3OL7II20 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752913.00    | 0.03%             | 2030-10-20      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                                              | XCAL 2024-MSD A         | CUSIP: 98373XBW9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4005416.00   | 0.13%             | 2027-01-01      | Floating      | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo III -R Ltd.                                                        | SNDPT 2013-2RA D        | CUSIP: 83611LAG5<br>LEI: 5493006VH6ZUE3FHGC30 | Long             | ABS-CBDO         | CORP              | KY        |    455843 | PA      | $455838.30    | 0.02%             | 2029-04-15      | Floating      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2018-3 Ltd.                                                               | VOYA 2018-1A B          | CUSIP: 92917AAE6<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001022.00   | 0.03%             | 2031-04-19      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Barings BDC Inc.                                                                   | BBDC 5.2 09/15/28       | CUSIP: 06759LAE3<br>LEI: 549300GSF4KFZP6ONG49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1990465.94   | 0.07%             | 2028-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BOSTON LENDING TRUST                                                               | BOLD 2022-2 A           | CUSIP: 10085BAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3428178 | PA      | $3325906.26   | 0.11%             | 2062-05-25      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Trinity Capital Inc.                                                               | TRIN 4 1/4 12/15/26     | CUSIP: 896442AH3<br>LEI: 549300YGT4SBRQYDVU48 | Long             | DBT              | CORP              | US        |  21327000 | PA      | $20760978.86  | 0.70%             | 2026-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PennantPark Investment Corporation                                                 | PNNT 4 11/01/26         | CUSIP: 708062AD6<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |  44194000 | PA      | $43420605.00  | 1.46%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                                     | FREMF 2016-K56 C        | CUSIP: 30289UAU6<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   2100000 | PA      | $2086867.23   | 0.07%             | 2049-06-25      | Floating      | 4.10%                 | Yes           |                  2 | On Loan: No      |
| Capital Southwest Corporation                                                      | CSWC 5.95 09/18/30      | CUSIP: 140501AF4<br>LEI: 54930023YZ4YEJEDBO56 | Long             | DBT              | RF                | US        |   2000000 | PA      | $2007920.00   | 0.07%             | 2030-09-18      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Monroe                                                                             | MRCC 4 3/4 02/15/26     | CUSIP: 610335AB7<br>LEI: 549300RZ898DGFGWKV04 | Long             | DBT              | RF                | US        |  32578000 | PA      | $32389169.77  | 1.09%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                       | TII 1 5/8 10/15/29      | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10461445.05  | 0.35%             | 2029-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Ozlm Xviii Limited                                                                 | OZLM 2018-18A D         | CUSIP: 67112GAG3<br>LEI: 5493002SZMQH8ZTTHX49 | Long             | ABS-CBDO         | CORP              | KY        |   8250000 | PA      | $8251963.50   | 0.28%             | 2031-04-15      | Floating      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| ZAIS CLO 13, LIMITED                                                               | ZAIS 2019-13A C1R       | CUSIP: 98876NBC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $476482.48    | 0.02%             | 2032-07-15      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Shenergy Co Ltd.                                                                   | SHACK 2013-4RA A2A      | CUSIP: 81882HAC9<br>LEI: 300300PA40YYCBW4WW70 | Long             | ABS-CBDO         | CORP              | CN        |   1650000 | PA      | $1651537.80   | 0.06%             | 2031-04-13      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| SMR MORTGAGE TRUST 2022-IND                                                        | SMR 2022-IND B          | CUSIP: 78458MAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8241094 | PA      | $8279848.86   | 0.28%             | 2039-02-15      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Trinity Capital Inc.                                                               | TRIN 4 3/8 08/24/26     | CUSIP: 896442AG5<br>LEI: 549300YGT4SBRQYDVU48 | Long             | DBT              | CORP              | US        |  28873000 | PA      | $28334359.46  | 0.95%             | 2026-08-24      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Venture 32 Clo Ltd.                                                                | VENTR 2018-32A B        | CUSIP: 92325QAQ0<br>LEI: 549300UP09C89Q3HWD39 | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7020489.00   | 0.24%             | 2031-07-18      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO XVI Ltd.                                                              | SYMP 2015-16A C1RR      | CUSIP: 87165VBB4<br>LEI: 5493004PWOYFPAFQVT02 | Long             | ABS-CBDO         | CORP              | KY        |   3755000 | PA      | $3764406.28   | 0.13%             | 2031-10-15      | Floating      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Kuvare United States Holdings Inc                                                  | KUVARE 7 02/17/51       | CUSIP: 50149XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  58241000 | PA      | $58271087.30  | 1.96%             | 2051-02-17      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Canyon CLO 2016-1 Ltd / Canyon CLO 2016-1 LLC                                      | CANYC 2016-1A CR        | CUSIP: 13887PAP0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001113.00   | 0.03%             | 2031-07-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                | OWSCRE 2025-MARG2 A     | CUSIP: 67121XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27000000 | PA      | $27042249.60  | 0.91%             | 2027-08-15      | Floating      | 8.03%                 | Yes           |                  2 | On Loan: No      |
| Curaleaf Holdings Inc                                                              | CURACN 8 12/15/26       | CUSIP: 23126MAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  23000000 | PA      | $22770000.00  | 0.77%             | 2026-12-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Charah Solutions Inc                                                               | CHRA 8 1/2              | CUSIP: 15957P204<br>LEI: 549300I6O29493834F54 | Long             | EP               | CORP              | US        |   2233873 | NS      | $50820610.75  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| VERUS SEC TR 2023-5                                                                | VERUS 2023-5 A1         | CUSIP: 924934AA0<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-O            | CORP              | US        |    362334 | PA      | $364556.67    | 0.01%             | 2068-06-25      | Floating      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding XXIV Ltd                                                      | MDPK 2016-24A CR2       | CUSIP: 55820NBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1190000 | PA      | $1192244.34   | 0.04%             | 2029-10-20      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| ICG US CLO Ltd.                                                                    | ICG 2018-1A C           | CUSIP: 449258AD4<br>LEI: 63540028G9FPZW4LFZ33 | Long             | ABS-CBDO         | CORP              | KY        |  12150000 | PA      | $12183497.55  | 0.41%             | 2031-04-21      | Floating      | 6.73%                 | Yes           |                  2 | On Loan: No      |
| Saranac CLO VII Ltd.                                                               | SRANC 2014-2A CR        | CUSIP: 80317EAJ8<br>LEI: 5493000RC2FP2JRHW627 | Long             | ABS-CBDO         | CORP              | JE        |   1102414 | PA      | $1102740.39   | 0.04%             | 2029-11-20      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| Ellington Clo I Limted                                                             | ECLO 2018-3A C          | CUSIP: 28852LAJ2<br>LEI: 254900V20GCNJI0I7591 | Long             | ABS-CBDO         | CORP              | KY        |   6404779 | PA      | $6418005.20   | 0.22%             | 2030-07-20      | Floating      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Ozlm Vi                                                                            | OZLM 2014-6A B1T        | CUSIP: 67108LBP7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3595000 | PA      | $3601147.45   | 0.12%             | 2031-04-17      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPTAL 24-BPR2                                                      | MSC 2024-BPR2 A         | CUSIP: 61776EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12286241 | PA      | $12964243.29  | 0.44%             | 2029-05-05      | Fixed         | 7.29%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners Ltd                                                    | OCT26 2016-1A CR        | CUSIP: 67590YAS9<br>LEI: 549300ZYOSZSIH0Y3392 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2504625.00   | 0.08%             | 2030-07-15      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| ACRES Commercial Realty Corp                                                       | ACR 5 3/4 08/15/26      | CUSIP: 00489QAA0<br>LEI: 549300RUJWPCMY4JFR46 | Long             | DBT              | CORP              | US        |  20652000 | PA      | $20091357.88  | 0.68%             | 2026-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Northwoods Capital XVII                                                            | WOODS 2018-17A C        | CUSIP: 66860PAE4<br>LEI: 549300VSNJNLNM3KF997 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500802.50   | 0.05%             | 2031-04-22      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Atlas Sr Ln Fd Vii Ltd                                                             | ATCLO 2016-7A CR        | CUSIP: 04941TAY6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7022666.00   | 0.24%             | 2031-11-27      | Floating      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2017-49A CR       | CUSIP: 26244QAS2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2507642.50   | 0.08%             | 2030-07-18      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO 2016-3 Ltd.                                                       | BLUEM 2016-3A CR        | CUSIP: 09628VAS3<br>LEI: 549300EYIDIF4X8MHI21 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1303980.60   | 0.04%             | 2030-11-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Kkr Financial Clo 18 Ltd.                                                          | KKR 12 DR2              | CUSIP: 48250RBL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5017825.00   | 0.17%             | 2030-10-15      | Floating      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| Halcyon Ln Advisors Fdg 2018-2 Ltd/Llc                                             | HLA 2018-2A B           | CUSIP: 40490AAG5<br>LEI: 549300OG6D5MQUG20S28 | Long             | ABS-CBDO         | CORP              | KY        |   8650000 | PA      | $8670275.60   | 0.29%             | 2031-01-22      | Floating      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| National Funding Inc                                                               | NATLFD 5 3/4 08/31/26   | CUSIP: 636190AA8<br>LEI: 254900M755T2IVN0F977 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3931323.96   | 0.13%             | 2026-08-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 39 Ltd.                                                | OCT39 2018-3A D         | CUSIP: 67592CAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3130000 | PA      | $3138907.98   | 0.11%             | 2030-10-20      | Floating      | 7.10%                 | Yes           |                  2 | On Loan: No      |
| Nexpoint Real Estate Finance Inc                                                   | NREF 5 3/4 05/01/26     | CUSIP: 65342VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17253000 | PA      | $17036948.62  | 0.57%             | 2026-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Saratoga Investment Corp.                                                          | SAR 4 3/8 02/28/26      | CUSIP: 80349AAD1<br>LEI: 54930023WJCWPAGSWE41 | Long             | DBT              | CORP              | US        |  45615000 | PA      | $45358997.67  | 1.53%             | 2026-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Battalion Clo Xii Ltd                                                              | BATLN 2018-12A DRR      | CUSIP: 07133RBC8<br>LEI: 549300JIE0P78OIZGS60 | Long             | ABS-CBDO         | CORP              | KY        |   8500000 | PA      | $8488703.50   | 0.29%             | 2031-05-17      | Floating      | 6.79%                 | Yes           |                  2 | On Loan: No      |
| Briggs & Stratton Corporation                                                      | BGG 6 7/8 12/15/20      | CUSIP: 109043AG4<br>LEI: 549300OYTIWYSPR42284 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $9375.00      | 0.00%             | 2020-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Kkr Financial Clo 18 Ltd.                                                          | KKR 15 DR2              | CUSIP: 48251MBJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3003519.00   | 0.10%             | 2032-01-18      | Floating      | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Ozlm Xviii Limited                                                                 | OZLM 2018-18A B         | CUSIP: 67112GAC2<br>LEI: 5493002SZMQH8ZTTHX49 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002214.00   | 0.07%             | 2031-04-15      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL VIII LTD                                                       | FCBSL 2019-2A CR        | CUSIP: 34962DAU0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    290000 | PA      | $290409.48    | 0.01%             | 2032-10-20      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2014-4 Ltd                                                                | VOYA 2014-4A BR2        | CUSIP: 92914RBC5<br>LEI: 549300JHU3YI1LLL3V27 | Long             | ABS-CBDO         | CORP              | KY        |   4700000 | PA      | $4713888.50   | 0.16%             | 2031-07-14      | Floating      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Steele Creek Clo 2016 1 Ltd                                                        | STCR 2016-1A CR         | CUSIP: 858102AZ9<br>LEI: 5493003PZ3HX9NW9PS65 | Long             | ABS-CBDO         | CORP              | IE        |    690000 | PA      | $691590.45    | 0.02%             | 2031-06-15      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2016-1 Limited                                                            | VOYA 2016-1A CR         | CUSIP: 92915CAW4<br>LEI: 549300BRUAMTEA33B077 | Long             | ABS-CBDO         | CORP              | KY        |   6500000 | PA      | $6500039.00   | 0.22%             | 2031-01-20      | Floating      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2013-2 Ltd.                                                       | BLUEM 2013-2A CR        | CUSIP: 09626YAU4<br>LEI: 549300KGXMRFX2DKIX03 | Long             | ABS-CBDO         | CORP              | KY        |   2337500 | PA      | $2341630.36   | 0.08%             | 2030-10-22      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| MP CLO VII LLC                                                                     | MP7 2015-1A DRR         | CUSIP: 55320RAN7<br>LEI: 5493005EOEZ6JX072G15 | Long             | ABS-CBDO         | CORP              | KY        |  10500000 | PA      | $10535679.00  | 0.35%             | 2028-10-18      | Floating      | 7.10%                 | Yes           |                  2 | On Loan: No      |
| Pm General Purchaser Llc                                                           | AMGENE 9 1/2 10/01/28   | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  29529000 | PA      | $25679678.40  | 0.86%             | 2028-10-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Kkr Clo 21 Ltd                                                                     | KKR 21 C                | CUSIP: 48252KAE9<br>LEI: 5493008X0MRR4A6VYF15 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001515.00   | 0.03%             | 2031-04-15      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Limited                                                                   | VOYA 2018-2A C1         | CUSIP: 92917JAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4100000 | PA      | $4107822.80   | 0.14%             | 2031-07-15      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                       | TII 1 5/8 04/15/30      | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  85000000 | PA      | $87536082.72  | 2.94%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Eagle Point Defensive Income Trust                                                 | EGPNTD FLOAT 04/30/28   | CUSIP: 26982MAA6<br>LEI: 254900J2H3BOAUD0N649 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $34936461.35  | 1.18%             | 2028-04-30      | Floating      | 7.64%                 | Yes           |                  2 | On Loan: No      |
| First Maryland Capital I                                                           | MTB Float 01/15/27      | CUSIP: 320808AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3967720.88   | 0.13%             | 2027-01-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Z Capital Credit Partners CLO 2015-1 Ltd./Z Capital Credit Partners CLO 2015-1 LLC | ZCCP 2018-1A B          | CUSIP: 98878CAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5137263 | PA      | $5149324.83   | 0.17%             | 2031-01-16      | Floating      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| Comm 2016 Cor1 Mgt                                                                 | COMM 2016-COR1 B        | CUSIP: 12594MBE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6624826.60   | 0.22%             | 2049-10-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Symphony Clo Xx Limited                                                            | SYMP 2018-20A CR2       | CUSIP: 87166VBA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1090000 | PA      | $1092120.05   | 0.04%             | 2032-01-16      | Floating      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                | SNCR TL 1L USD          | CUSIP: BL5083896<br>LEI: N/A                  | Long             | LON              | CORP              | N/A       |  21824816 | PA      | $21333757.75  | 0.72%             | 2029-04-24      | Variable      | 11.32%                | No            |                  2 | On Loan: No      |
| XRL ALC, LLC                                                                       | XRL 2025-OZK A          | CUSIP: 98383MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $15205719.00  | 0.51%             | 2028-06-20      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Wellfleet Clo 2019-1 Ltd.                                                          | WELF 2016-2A CR         | CUSIP: 94949LAS9<br>LEI: 254900IGQ7EODCWHCM84 | Long             | ABS-CBDO         | CORP              | KY        |   2578601 | PA      | $2587347.34   | 0.09%             | 2028-10-20      | Floating      | 7.10%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance Clo 2014-1 Ltd                                                         | EATON 2014-1RA C        | CUSIP: 27830TAG0<br>LEI: 549300FGUQU2JZ0I6P32 | Long             | ABS-CBDO         | CORP              | KY        |   2110000 | PA      | $2116294.13   | 0.07%             | 2030-07-15      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| MP CLO VII LLC                                                                     | MP7 2015-1A CRR         | CUSIP: 55320RAL1<br>LEI: 5493005EOEZ6JX072G15 | Long             | ABS-CBDO         | CORP              | KY        |   2535058 | PA      | $2536558.58   | 0.09%             | 2028-10-18      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Trinitas Clo VIII Ltd.                                                             | TRNTS 2018-8A D         | CUSIP: 89642RAG2<br>LEI: 5493000JXST1RIX07H55 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10015030.00  | 0.34%             | 2031-07-20      | Floating      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2018-3 LLC                                                        | BLUEM 2018-2A C         | CUSIP: 09629VAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3830000 | PA      | $3845442.56   | 0.13%             | 2031-08-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Northwoods Capital XII-B Ltd. / Northwoods Capital XII-B LLC                       | WOODS 2018-12BA CR      | CUSIP: 66858CAS6<br>LEI: 549300R06FSYRU75ZW78 | Long             | ABS-CBDO         | CORP              | KY        |  12350000 | PA      | $12359583.60  | 0.42%             | 2031-06-15      | Floating      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| National Commerce Capital Trust I                                                  | TFC Float 04/01/27      | CUSIP: 635454AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6949343.45   | 0.23%             | 2027-04-01      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Gladstone Land Corp.                                                               | LAND 5                  | CUSIP: 376549507<br>LEI: 54930002B3Q17H38FG74 | Long             | EP               | CORP              | US        |     81355 | NS      | $2022485.30   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| XRL ALC, LLC                                                                       | XRL 2025-OZK B1         | CUSIP: 98383MAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5060920.00   | 0.17%             | 2028-06-20      | Fixed         | 13.50%                | Yes           |                  2 | On Loan: No      |
| Canyon Clo 2016-1 Ltd.                                                             | CANYC 2018-1A B         | CUSIP: 13877BAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5014545.00   | 0.17%             | 2031-07-15      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 31 Ltd.                                                | OCT36 2018-1A C         | CUSIP: 67591UAJ6<br>LEI: 5493003JSU68UU09PZ63 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1502263.50   | 0.05%             | 2031-04-15      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO 2013-1 Ltd / Voya CLO 2013-1 LLC                                          | INGIM 2013-1A BR        | CUSIP: 92917CAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2503977.50   | 0.08%             | 2030-10-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Gladstone Capital Corporation                                                      | GLAD 5 1/8 01/31/26     | CUSIP: 376535AC4<br>LEI: 549300AWMOT9JR1SIJ74 | Long             | DBT              | CORP              | US        |  37942000 | PA      | $37942000.00  | 1.28%             | 2026-01-31      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Trinity Capital Inc.                                                               | TRIN 7 7/8              | CUSIP: 896442605<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |    935169 | NS      | $23828106.12  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Transamerica Capital II                                                            | AEGON 7.65 12/01/26     | CUSIP: 893472AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4397000 | PA      | $4455097.60   | 0.15%             | 2026-12-01      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST 2021-WILL                                                                | BPR 2021-WILL A         | CUSIP: 05591VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6647187 | PA      | $6681330.48   | 0.22%             | 2038-06-15      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fnd                                                             | DRSLF 2018-55A C        | CUSIP: 26245MAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15350000 | PA      | $15372364.95  | 0.52%             | 2031-04-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| HRR FDG LCC 2021                                                                   | HRR 2021-1 B            | CUSIP: 40390PAB4<br>LEI: 549300VSTRU4XB27Q639 | Long             | ABS-O            | CORP              | US        |   2175080 | PA      | $1076664.59   | 0.04%             | 2036-12-20      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| Sound Point CLO V Limited                                                          | SNDPT 2014-1RA C        | CUSIP: 83607EAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10500000 | PA      | $10521787.50  | 0.35%             | 2031-07-18      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Chenango Park CLO Ltd                                                              | CHPRK 2018-1A CR        | CUSIP: 16409TAU3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   6218000 | PA      | $6262614.15   | 0.21%             | 2030-04-15      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Dryden 41 Senior Loan Fund LLC                                                     | DRSLF 2015-41A CR       | CUSIP: 26244KAS5<br>LEI: 5493000CMI5L15ZSNM78 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501147.50    | 0.02%             | 2031-04-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| Allegro CLO X Ltd.                                                                 | ALLEG 2019-1A CRR       | CUSIP: 01750FAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    895000 | PA      | $896738.09    | 0.03%             | 2032-04-20      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Cumulus Media New Holdings Inc                                                     | CUMINT 6 3/4 07/01/26   | CUSIP: 23110AAA4<br>LEI: 5493001D9VBAVY1OKJ46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1220000.00   | 0.04%             | 2026-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ICG US CLO 2014-2 Ltd./ICG US CLO 2014-2 LLC                                       | ICG 2014-2A DRR         | CUSIP: 44929BBC4<br>LEI: 635400O9MVLOIBCDSR77 | Long             | ABS-CBDO         | CORP              | KY        |  13282000 | PA      | $13330452.74  | 0.45%             | 2031-01-15      | Floating      | 6.87%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2024-2                                                        | PAID 2024-2 A           | CUSIP: 694961AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    242666 | PA      | $244018.06    | 0.01%             | 2031-08-15      | Fixed         | 6.32%                 | Yes           |                  2 | On Loan: No      |
| Venture XIII CLO Ltd.                                                              | VENTR 2013-13A DR       | CUSIP: 92329NAU4<br>LEI: 549300ZVVNSDW7WU0O73 | Long             | ABS-CBDO         | CORP              | KY        |   3491558 | PA      | $3494322.91   | 0.12%             | 2029-09-10      | Floating      | 7.63%                 | Yes           |                  2 | On Loan: No      |
| Mjx Venture Management Ii Llc                                                      | VENTR 2017-28RR BF      | CUSIP: 60689WAM3<br>LEI: 549300WMOGGIXRH33849 | Long             | ABS-CBDO         | CORP              | IE        |   1264859 | PA      | $1262700.25   | 0.04%             | 2030-07-22      | Fixed         | 3.78%                 | Yes           |                  2 | On Loan: No      |
| Steele Creek Clo 2017 1 Ltd                                                        | STCR 2017-1A C          | CUSIP: 85816VAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1425000 | PA      | $1428645.15   | 0.05%             | 2030-10-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Kkr Financial Clo 18 Ltd.                                                          | KKR 15 CR2              | CUSIP: 48251MBG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4509783.00   | 0.15%             | 2032-01-18      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| First Maryland Capital II                                                          | MTB Float 02/01/27      | CUSIP: 32082CAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18114000 | PA      | $17938929.82  | 0.60%             | 2027-02-01      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO XXII LLC                                                          | BLUEM 2018-22A B        | CUSIP: 09629PAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000200.00   | 0.03%             | 2031-07-15      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Medallion Financial Corp.                                                          | MFIN 7 1/2 12/30/27     | CUSIP: 583928AE6<br>LEI: 549300FJ4FMGJ2C34Y48 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999829.00   | 0.07%             | 2027-12-30      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                 | BX 2019-IMC E           | CUSIP: 05608BAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22440000 | PA      | $21789307.32  | 0.73%             | 2034-04-15      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Wind River 2013-1 CLO Ltd/LLC                                                      | WINDR 2013-1A CR        | CUSIP: 87244DAP9<br>LEI: 549300HNMTL6LADXI169 | Long             | ABS-CBDO         | CORP              | KY        |   9413152 | PA      | $9450107.92   | 0.32%             | 2030-07-20      | Floating      | 7.80%                 | Yes           |                  2 | On Loan: No      |
| Halcyon Loan Advisors Funding 2017-2 Ltd.                                          | HLA 2017-2A B           | CUSIP: 40490BAE8<br>LEI: 549300IKIM3YK4H3N895 | Long             | ABS-CBDO         | CORP              | KY        |    202182 | PA      | $202417.86    | 0.01%             | 2030-01-17      | Floating      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower Clo 2017-3 Ltd                                                      | ROCKT 2017-3A D         | CUSIP: 77341DAJ6<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |  10250000 | PA      | $10280647.50  | 0.35%             | 2030-10-20      | Floating      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit Clo 2018-2 Limited                                             | BCC 2018-2A CR          | CUSIP: 05682VAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |  37000000 | PA      | $36998964.00  | 1.24%             | 2031-07-19      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Apex Credit Clo 2018 Ltd                                                           | APEXC 2018-2A CR3       | CUSIP: 03754LBG9<br>LEI: 254900YNP6L0KTS2VO90 | Long             | ABS-CBDO         | CORP              | KY        |   9000000 | PA      | $8999748.00   | 0.30%             | 2031-10-20      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Babson CLO 2015-I LLC                                                              | BABSN 2015-IA DR        | CUSIP: 056162AU4<br>LEI: 549300QR3VQZ1T0JUI29 | Long             | ABS-CBDO         | CORP              | KY        |  13400000 | PA      | $13418398.20  | 0.45%             | 2031-01-20      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp.                                                  | OTFINC 6.1 03/15/28     | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $9572906.42   | 0.32%             | 2028-03-15      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Two Roads Shared Trust                                                             | HOLBROOK T R F-I        | CUSIP: 90214Q493<br>LEI: 549300REHU8QC2CK4V30 | Long             | EC               | RF                | US        |    500000 | NS      | $5028050.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Apex Credit Clo 2018 Ltd                                                           | APEXC 2018-1A CR        | CUSIP: 03755HAS2<br>LEI: 254900YNP6L0KTS2VO90 | Long             | ABS-CBDO         | CORP              | KY        |  18225000 | PA      | $18224726.63  | 0.61%             | 2031-04-25      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2018-64A D        | CUSIP: 26251LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7500000 | PA      | $7478407.50   | 0.25%             | 2031-04-18      | Floating      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Fremf Mtg Tr 2016-K57                                                              | FREMF 2016-K57 C        | CUSIP: 30295DAJ1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   2000000 | PA      | $1984649.20   | 0.07%             | 2049-08-25      | Floating      | 4.07%                 | Yes           |                  2 | On Loan: No      |
| Catamaran CLO Ltd. 2014-1 Ltd.                                                     | CRMN 2014-1A BR         | CUSIP: 14889DAQ1<br>LEI: 549300C8Q7ISEHHDRH76 | Long             | ABS-CBDO         | CORP              | KY        |   7476000 | PA      | $7494924.00   | 0.25%             | 2030-04-22      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| 522 Funding Clo 2018-3(A) Ltd.                                                     | MORGN 2018-3A CR        | CUSIP: 33835NAE1<br>LEI: 635400CQOZFHCREPDQ50 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501277.50    | 0.02%             | 2031-10-20      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPTAL 24-BPR2                                                      | MSC 2024-BPR2 C         | CUSIP: 61776EAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6600000 | PA      | $6884248.14   | 0.23%             | 2029-05-05      | Floating      | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Pennantpark Floating Rate Capital Ltd.                                             | PFLT 4 1/4 04/01/26     | CUSIP: 70806AAA4<br>LEI: 529900BH3IP6381K4L72 | Long             | DBT              | RF                | US        |  46477000 | PA      | $46264443.48  | 1.56%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                                                        | FCBSL 2019-1A CR        | CUSIP: 34956NAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    995000 | PA      | $997572.08    | 0.03%             | 2032-07-23      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO XXII LLC                                                          | BLUEM 2018-22A C        | CUSIP: 09629PAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5500000 | PA      | $5501397.00   | 0.19%             | 2031-07-15      | Floating      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                                              | XCAL 2023-MF9 A         | CUSIP: 98373XBD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2868852 | PA      | $2861654.22   | 0.10%             | 2026-11-25      | Floating      | 7.39%                 | Yes           |                  2 | On Loan: No      |
| Dakota Financial Llc                                                               | DAKFIN 5 09/30/26       | CUSIP: 23422TAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985794.41    | 0.03%             | 2026-09-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ReadyCap Holdings LLC                                                              | RDYCAP 9 3/8 03/01/28   | CUSIP: 755763AE9<br>LEI: 549300W908MAGNC9E420 | Long             | DBT              | CORP              | US        |  51738000 | PA      | $52499179.80  | 1.77%             | 2028-03-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Halcyon Loan Advisors Funding 2017-1 Ltd                                           | HLA 2017-1A BR          | CUSIP: 40538PAS0<br>LEI: 549300DR1B057AG4RV71 | Long             | ABS-CBDO         | CORP              | KY        |     40110 | PA      | $40147.75     | 0.00%             | 2029-06-25      | Floating      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Venture CDO Ltd.                                                                   | VENTR 2015-22A CR       | CUSIP: 92331LAY6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15625000 | PA      | $15662812.50  | 0.53%             | 2031-01-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Franklin Bsp Capital Corp.                                                         | FRBP 6 10/02/30         | CUSIP: 35250VAC8<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1960994.20   | 0.07%             | 2030-10-02      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Ozlm Xviii Limited                                                                 | OZLM 2018-18A C         | CUSIP: 67112GAE8<br>LEI: 5493002SZMQH8ZTTHX49 | Long             | ABS-CBDO         | CORP              | KY        |   2450000 | PA      | $2457455.35   | 0.08%             | 2031-04-15      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| Trinitas CLO IV LLC                                                                | TRNTS 2016-4A DR        | CUSIP: 89640XAT3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9200000 | PA      | $9237536.00   | 0.31%             | 2031-10-18      | Floating      | 7.51%                 | Yes           |                  2 | On Loan: No      |
| B. Riley Financial Inc                                                             | RILY 8 01/01/28         | CUSIP: 05580MAC2<br>LEI: 529900LRQ75IKIPK4990 | Long             | DBT              | CORP              | US        |  87753000 | PA      | $86436705.00  | 2.91%             | 2028-01-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Buttermilk Pk Clo Ltd / Buttermilk Pk Clo Llc                                      | BMILK 2018-1A CR        | CUSIP: 124166AW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2506410.00   | 0.08%             | 2031-10-15      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO IV Ltd.                                                            | SNDPT 2013-3RA C        | CUSIP: 83609YAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8440000 | PA      | $8466577.56   | 0.28%             | 2031-04-18      | Floating      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Venture 31 Clo Ltd                                                                 | VENTR 2018-31A C1       | CUSIP: 92331VAG3<br>LEI: 549300WIVX6V4NHW6X79 | Long             | ABS-CBDO         | CORP              | KY        |  10625000 | PA      | $10640905.63  | 0.36%             | 2031-04-20      | Floating      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Midocean Credit Clo Vi/Llc                                                         | MIDO 2016-6A CRRR       | CUSIP: 59802XBS1<br>LEI: 549300YUUBR2C1GYW366 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005888.00   | 0.07%             | 2033-04-20      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Ramaco Resources Inc.                                                              | METC 8 3/8              | CUSIP: 75134P709<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EP               | CORP              | US        |    379848 | NS      | $9701317.92   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Zais Clo 11. Limited                                                               | ZAIS 2018-11A CR        | CUSIP: 98887YAS6<br>LEI: 549300FPW2E2MXLOFH93 | Long             | ABS-CBDO         | CORP              | KY        |   8825000 | PA      | $8861152.50   | 0.30%             | 2032-01-20      | Floating      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| Tiaa CLO IV Ltd / Tiaa CLO IV LLC                                                  | TIA 2018-1A BR          | CUSIP: 88631YAS6<br>LEI: 5493000Q4E256SBMCY29 | Long             | ABS-CBDO         | CORP              | KY        |   2215000 | PA      | $2223044.88   | 0.07%             | 2032-01-20      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| B. RILEY FINANCIAL INC                                                             | B. RILEY FIN 7R WARRANT | CUSIP: N/A<br>LEI: N/A                        | Long             | DO               | CORP              | US        |    351012 | NS      | $856960.70    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                    | VENTR 2015-22RR C       | CUSIP: 60689WCZ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1875000 | PA      | $1879911.38   | 0.06%             | 2031-01-16      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Greywolf CLO V Ltd.                                                                | GWOLF 2015-1A BR        | CUSIP: 39808PAQ9<br>LEI: 549300RJBZLY8V18YD77 | Long             | ABS-CBDO         | CORP              | KY        |    996130 | PA      | $996750.55    | 0.03%             | 2031-01-27      | Floating      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| New Mountain Finance Corporation                                                   | NMFC 6.2 10/15/27       | CUSIP: 647551AG5<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |  42580000 | PA      | $43277740.15  | 1.46%             | 2027-10-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO 2014-1 Ltd.                                                     | CANYC 2014-1A BR        | CUSIP: 13875LAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    665000 | PA      | $665925.68    | 0.02%             | 2031-01-30      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Venture XXVIII CLO Ltd                                                             | VENTR 2017-28A C2R      | CUSIP: 92331ABE3<br>LEI: 54930010DKR017G3JK24 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3506990.55   | 0.12%             | 2030-07-20      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Newark BSL CLO 2 Ltd                                                               | NBCLO 2017-1A BR        | CUSIP: 65023PAS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2506352.50   | 0.08%             | 2030-07-25      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| NexBank Capital, Inc.                                                              | NEXBAN FLOAT PERP       | CUSIP: 65341T305<br>LEI: 549300H29S945S4X7A03 | Long             | EP               | CORP              | US        |     56000 | PA      | $56420000.00  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd.                                                              | BLUEM 218-1A B          | CUSIP: 09629TAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1152938.83   | 0.04%             | 2030-07-30      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Dryden 37 Senior Loan Fund                                                         | DRSLF 2017-54A C        | CUSIP: 26244RAC5<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-CBDO         | CORP              | KY        |    355000 | PA      | $356300.37    | 0.01%             | 2029-10-19      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| OFS Cap Corp                                                                       | OFS 4 3/4 02/10/26      | CUSIP: 67103BAA8<br>LEI: 549300XTK3HSWPDBJD13 | Long             | DBT              | RF                | US        |   6241000 | PA      | $6206056.14   | 0.21%             | 2026-02-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sound Point Clo Vii  Ltd.                                                          | SNDPT 2014-3RA C        | CUSIP: 83610HAG5<br>LEI: 549300IYECLSB6ZQZB89 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2507720.00   | 0.08%             | 2031-10-23      | Floating      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Elevation CLO 2018-10 Ltd.                                                         | AWPT 2018-10A DR        | CUSIP: 28623CAS0<br>LEI: 5493005Q4N14IP6ASK07 | Long             | ABS-CBDO         | CORP              | KY        |   9800000 | PA      | $9787299.20   | 0.33%             | 2031-10-20      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| Saratoga Investment Corp.                                                          | SAR 6                   | CUSIP: 80349A802<br>LEI: 54930023WJCWPAGSWE41 | Long             | EP               | CORP              | US        |    207359 | NS      | $5177754.23   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hps Loan Management 3-2014 Ltd & Hps Loan Management 3-2014 Llc                    | HLM 3A-2014 BR          | CUSIP: 40436XAG2<br>LEI: 5493006ZY0SLETMEU160 | Long             | ABS-CBDO         | CORP              | KY        |   1027355 | PA      | $1029980.88   | 0.03%             | 2029-07-18      | Floating      | 6.55%                 | Yes           |                  2 | On Loan: No      |
| First American Funds Inc.                                                          | FRST AM-GV OB-X         | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  64626861 | PA      | $64626860.78  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sound point clo xix ltd                                                            | SNDPT 2018-1A D         | CUSIP: 83610JAJ5<br>LEI: 5493001QI7ZD0IPL4A34 | Long             | ABS-CBDO         | CORP              | KY        |   8000000 | PA      | $8060416.00   | 0.27%             | 2031-04-15      | Floating      | 6.82%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower Clo 2018-1 Ltd/ Llc                                                 | ROCKT 2018-1A C         | CUSIP: 77342JAE3<br>LEI: 549300KPFGDIQ0PMP224 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500596.00    | 0.02%             | 2031-05-20      | Floating      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| Shenergy Co Ltd.                                                                   | SHACK 2013-4RA A2CR     | CUSIP: 81882HAS4<br>LEI: 300300PA40YYCBW4WW70 | Long             | ABS-CBDO         | CORP              | CN        |   2000000 | PA      | $2008998.00   | 0.07%             | 2031-04-13      | Floating      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Mountain View CLO IX Ltd.                                                          | MVW 2015-9A A2R         | CUSIP: 62432BAQ6<br>LEI: 549300URXZ1TS31FK720 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751362.00    | 0.03%             | 2031-07-15      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Atlas Senior Secured Loan Fund VIII Ltd/Llc                                        | ATCLO 2017-8A C         | CUSIP: 04943AAG4<br>LEI: 2549008VGBH29LRDN709 | Long             | ABS-CBDO         | CORP              | KY        |   1255999 | PA      | $1258420.57   | 0.04%             | 2030-01-16      | Floating      | 6.71%                 | Yes           |                  2 | On Loan: No      |
| KKR Financial CLO 2013-1 Ltd.                                                      | KKR 2013-1A BR2         | CUSIP: 48249VBA8<br>LEI: 549300ZUUB37M3VWNC17 | Long             | ABS-CBDO         | CORP              | KY        |   3450000 | PA      | $3455106.00   | 0.12%             | 2029-04-15      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Venture Xxx Clo Ltd                                                                | VENTR 2017-30A C        | CUSIP: 92331NAG1<br>LEI: 5493001R7OPCYBM5NH78 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3008448.00   | 0.10%             | 2031-01-15      | Floating      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2018-3 LLC                                                        | BLUEM 2018-2A B         | CUSIP: 09629VAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002082.00   | 0.03%             | 2031-08-15      | Floating      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| BCP Investment Corp.                                                               | BCIC 4 7/8 04/30/26     | CUSIP: 73688FAC6<br>LEI: 254900YM5BVQKA01I468 | Long             | DBT              | CORP              | US        |  38500000 | PA      | $38500264.50  | 1.29%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                    | VENTR 2017-30RR A2      | CUSIP: 60689WCB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1652378.81   | 0.06%             | 2031-01-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| American Coastal Insurance Corp.                                                   | ACIC 6 1/4 12/15/27     | CUSIP: 910710AA0<br>LEI: 5299002P9105LJQA8G51 | Long             | DBT              | CORP              | US        |  61819000 | PA      | $62050821.25  | 2.09%             | 2027-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Fidus Investment Corporation                                                       | FDUS 6 3/4 03/19/30     | CUSIP: 316500AD9<br>LEI: 549300836CRWCROFBC02 | Long             | DBT              | CORP              | US        |  27883000 | PA      | $28169351.44  | 0.95%             | 2030-03-19      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Carbone CLO, Limited / Carbone CLO LLC                                             | CRBN 2017-1A B          | CUSIP: 141312AE8<br>LEI: 5493005I53NEC017LN87 | Long             | ABS-CBDO         | CORP              | KY        |    952000 | PA      | $953370.88    | 0.03%             | 2031-01-20      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Mountain View CLO IX Ltd.                                                          | MVEW 2017-2A C          | CUSIP: 62432LAE1<br>LEI: 549300URXZ1TS31FK720 | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $700425.60    | 0.02%             | 2031-01-16      | Floating      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                  | SECBEN 5.9 09/26/28     | CUSIP: 78397DAE8<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2984802.48   | 0.10%             | 2028-09-26      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Ozlm Vi                                                                            | OZLM 2014-6A CT         | CUSIP: 67108LBR3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  16470000 | PA      | $16485218.28  | 0.55%             | 2031-04-17      | Floating      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XVII Ltd.                                              | OCT17 2013-1A CR2       | CUSIP: 67590GBN8<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |   2435000 | PA      | $2435521.09   | 0.08%             | 2031-01-25      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2013-30A DR       | CUSIP: 26249BAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1362500 | PA      | $1364361.18   | 0.05%             | 2028-11-15      | Floating      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| Investcorp CR Mgmt BDC Inc                                                         | ICMB 4 7/8 04/01/26     | CUSIP: 46090RAA2<br>LEI: 549300ZRNRCSKPLGYQ55 | Long             | DBT              | CORP              | US        |  21201000 | PA      | $21099994.62  | 0.71%             | 2026-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Medallion Financial Corp.                                                          | MFIN 7 1/4 02/26/26     | CUSIP: 583928AG1<br>LEI: 549300FJ4FMGJ2C34Y48 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3250043.88   | 0.11%             | 2026-02-26      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Greystone Sdof Pfd Equity LLC                                                      | GRSDOF 6 3/4            | CUSIP: 39808B206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    288000 | NS      | $7176960.00   | 0.24%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Mjx Venture Management Ii Llc                                                      | VENTR 2014-18RR D       | CUSIP: 60689WBX8<br>LEI: 549300WMOGGIXRH33849 | Long             | ABS-CBDO         | CORP              | IE        |   1082925 | PA      | $1075250.24   | 0.04%             | 2029-10-16      | Floating      | 7.92%                 | Yes           |                  2 | On Loan: No      |
| PennantPark Investment Corporation                                                 | PNNT 4 1/2 05/01/26     | CUSIP: 708062AC8<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |  40183000 | PA      | $39881627.50  | 1.34%             | 2026-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Highbridge Loan Management 2 2013 Ltd.                                             | HLM 2013-2A BR          | CUSIP: 44330DAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2565000 | PA      | $2568667.95   | 0.09%             | 2029-10-20      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Stellus Capital Investment Corporation                                             | SCM 7 1/4 04/01/30      | CUSIP: 858568AC2<br>LEI: 5493001DZV6QC1KUSC43 | Long             | DBT              | RF                | US        |  24500000 | PA      | $24889702.88  | 0.84%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2018-64A C        | CUSIP: 26251LAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000873.00   | 0.03%             | 2031-04-18      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Fortress Credit BSL III Ltd.                                                       | FCBSL 2015-1A CR        | CUSIP: 34960NAS5<br>LEI: 254900YLOC3GWX1QOU79 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003326.00   | 0.07%             | 2031-04-18      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XXII Ltd.                                              | OCT22 2014-1A DRR       | CUSIP: 67572YBW1<br>LEI: 549300MQ9W5DWZ8QX450 | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4512591.00   | 0.15%             | 2030-01-22      | Floating      | 6.87%                 | Yes           |                  2 | On Loan: No      |
| Saratoga Investment Corp.                                                          | SAR 4.35 02/28/27       | CUSIP: 80349AAF6<br>LEI: 54930023WJCWPAGSWE41 | Long             | DBT              | CORP              | US        |  20894000 | PA      | $20183298.11  | 0.68%             | 2027-02-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Venture Xxix Clo Ltd                                                               | VENTR 2017-29A C        | CUSIP: 92331EAD8<br>LEI: 549300ITFR7G25007V93 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2008446.00   | 0.07%             | 2030-09-07      | Floating      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| Zais Clo 7 Ltd                                                                     | ZAIS7 2017-2A C         | CUSIP: 98887VAE3<br>LEI: 549300XFDOUEB0QTZS87 | Long             | ABS-CBDO         | CORP              | IE        |  12400000 | PA      | $12426126.80  | 0.42%             | 2030-04-15      | Floating      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2018-3 LTD/LLC                                                    | BLUEM 2018-3A C         | CUSIP: 09630AAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5350000 | PA      | $5365707.60   | 0.18%             | 2030-10-25      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| Venture Xix Clo Limited                                                            | VENTR 2014-19A CRR      | CUSIP: 92330EAT4<br>LEI: 549300KIDQKDB48YU144 | Long             | ABS-CBDO         | CORP              | KY        |  15250000 | PA      | $15296680.25  | 0.51%             | 2032-01-15      | Floating      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                                              | XCALFD 5 09/01/24       | CUSIP: 98373XAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2972235.60   | 0.10%             | 2026-09-24      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BCP Investment Corp.                                                               | LRFC 5 1/4 10/30/26     | CUSIP: 541098AB5<br>LEI: 254900YM5BVQKA01I468 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10056500.00  | 0.34%             | 2026-10-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                    | VENTR 2015-22RR B       | CUSIP: 60689WCX7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3375000 | PA      | $3386681.21   | 0.11%             | 2031-01-16      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| MidCap Financial Investment Corp                                                   | MFIC 4 1/2 07/16/26     | CUSIP: 03761UAH9<br>LEI: 5493005P14I7WFB3FW47 | Long             | DBT              | CORP              | US        |   2385000 | PA      | $2349918.80   | 0.08%             | 2026-07-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XCAL 2019-IL-1 MORTGAGE TRUST                                                      | XCAL 2019-1 A           | CUSIP: 98370LAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1328038 | PA      | $616703.47    | 0.02%             | 2025-12-31      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO 2014-5 Ltd.                                                                | OCP 2014-5A BR          | CUSIP: 67102SAQ7<br>LEI: 254900NXH68CRC058O44 | Long             | ABS-CBDO         | CORP              | KY        |   1505000 | PA      | $1507769.20   | 0.05%             | 2031-04-26      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| Lcm XVII LP                                                                        | LCM 17A CRR             | CUSIP: 50190AAT9<br>LEI: 549300K6S4MWQOINB710 | Long             | ABS-CBDO         | CORP              | KY        |   8330000 | PA      | $8352124.48   | 0.28%             | 2031-10-15      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo Ix  Ltd                                                            | SNDPT 2015-2A CRRR      | CUSIP: 83609GBS3<br>LEI: 549300W2FX6HEXN27U70 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10020880.00  | 0.34%             | 2032-07-20      | Floating      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Gladstone Investment Corporation                                                   | GAIN 5                  | CUSIP: 376546800<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |   1247744 | NS      | $31455626.24  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Uirc-Gsa International, Llc                                                        | UIRCIN 6 1/2 PERP       | CUSIP: 90278W402<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      3950 | NS      | $3476000.00   | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| AMMC CLO XII Ltd.                                                                  | AMMC 2013-12A DR        | CUSIP: 00176CAU5<br>LEI: 549300YZO1X7UK2OVY35 | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3124703.90   | 0.11%             | 2030-11-10      | Floating      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| Babcock & Wilcox Enterprises Inc.                                                  | BW 8.75 06/30/30        | CUSIP: 05614LAB6<br>LEI: 5493006H661OZN2C0T54 | Long             | DBT              | CORP              | US        |  78068000 | PA      | $78409547.50  | 2.64%             | 2030-06-30      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Horizon Technology Finance Corporation                                             | HRZN 4 7/8              | CUSIP: 44045A409<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    516716 | NS      | $12902398.52  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecp Clo 2015-7 Ltd/Llc                                                             | GLGU 2018-1A CR         | CUSIP: 26829CBC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4005752.00   | 0.13%             | 2030-04-22      | Floating      | 7.22%                 | Yes           |                  2 | On Loan: No      |
| Annisa Clo Limited                                                                 | ANNSA 2016-2A DRR       | CUSIP: 036011AW4<br>LEI: 635400B2JX1NQDWJQK96 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001204.00   | 0.03%             | 2031-07-20      | Floating      | 6.68%                 | Yes           |                  2 | On Loan: No      |
| Venture CDO Ltd.                                                                   | VENTR 2017-27A CR       | CUSIP: 92331LBG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502372.00    | 0.02%             | 2030-07-20      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| PDOF Msn Issuer LLC                                                                | PDOFMS FLOAT 03/01/25   | CUSIP: 69429PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4965513 | PA      | $4904039.06   | 0.16%             | 2026-03-01      | Floating      | 8.54%                 | Yes           |                  2 | On Loan: No      |
| X-Caliber Funding Llc                                                              | XCALFD 5 03/01/25       | CUSIP: 98373XAX8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1996605.20   | 0.07%             | 2026-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kkr Financial Clo 18 Ltd.                                                          | KKR 12 BR2              | CUSIP: 48250RBN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1202757.60   | 0.04%             | 2030-10-15      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-3                                                  | VERUS 2023-3 A2         | CUSIP: 92539GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    136857 | PA      | $137194.83    | 0.00%             | 2068-03-25      | Floating      | 6.44%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2018-3 LTD/LLC                                                    | BLUEM 2018-3A BR        | CUSIP: 09630AAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002783.00   | 0.03%             | 2030-10-25      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| X-CALI 2020-5 MORTGAGE TRUST                                                       | XCALI 2020-5 A          | CUSIP: 98401JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    943580 | PA      | $941660.51    | 0.03%             | 2025-12-31      | Floating      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| SMR MORTGAGE TRUST 2022-IND                                                        | SMR 2022-IND A          | CUSIP: 78458MAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4578386 | PA      | $4589804.20   | 0.15%             | 2039-02-15      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Eagle Point Enhanced Income Trust                                                  | EAGLPO Float 11/15/29   | CUSIP: 269806AA3<br>LEI: 254900X2NX42WZSOAZ97 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24719808.75  | 0.83%             | 2029-11-15      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO V Limited                                                          | SNDPT 2014-1RA B        | CUSIP: 83607EAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000228.00   | 0.03%             | 2031-07-18      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Midocean Credit Clo Vi/Llc                                                         | MIDO 2016-6A BRRR       | CUSIP: 59802XBQ5<br>LEI: 549300YUUBR2C1GYW366 | Long             | ABS-CBDO         | CORP              | KY        |   3640000 | PA      | $3648018.92   | 0.12%             | 2033-04-20      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower CLO 2019-2 Ltd.                                                     | ROCKT 2019-2A CR2       | CUSIP: 77341GAW0<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7011221.00   | 0.24%             | 2032-08-20      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Venture CDO Ltd                                                                    | VENTR 2015-22RR D       | CUSIP: 60689WDB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1675000 | PA      | $1672739.76   | 0.06%             | 2031-01-16      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| Bluemountain Fuji US CLO I Ltd.                                                    | BLUEM 2017-2A B         | CUSIP: 09629EAG6<br>LEI: 549300XC3G26BPOECZ28 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002899.00   | 0.03%             | 2030-10-20      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Main Street Capital Corp.                                                          | MAIN 6.95 03/01/29      | CUSIP: 56035LAH7<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9384405.57   | 0.32%             | 2029-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-1                                                  | VERUS 2023-1 A1         | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    317945 | PA      | $317697.31    | 0.01%             | 2067-12-25      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower Clo 2017-3 Ltd                                                      | ROCKT 2017-3A C         | CUSIP: 77341DAG2<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001327.00   | 0.03%             | 2030-10-20      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Sound Pt Clo Xxi Ltd / Llc                                                         | SNDPT 2018-3A B         | CUSIP: 83613HAG2<br>LEI: 5493001O6AOY43J70E72 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3022971.30   | 0.10%             | 2031-10-26      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| Dryden 40 Senior Loan Fund Limited Liability Company                               | DRSLF 2015-40A CR2      | CUSIP: 26244GAW5<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | KY        |  11000000 | PA      | $11047124.00  | 0.37%             | 2031-08-15      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Kkr Clo 21 Ltd                                                                     | KKR 21 D                | CUSIP: 48252KAG4<br>LEI: 5493008X0MRR4A6VYF15 | Long             | ABS-CBDO         | CORP              | US        |   4522000 | PA      | $4532264.94   | 0.15%             | 2031-04-15      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                       | TII 0 5/8 01/15/26      | CUSIP: 912828N71<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70000000 | PA      | $95198720.79  | 3.20%             | 2026-01-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Investco Llc                                                                       | INVECO 5 1/8 08/13/26   | CUSIP: 46090UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3950400.00   | 0.13%             | 2026-08-13      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XXI Ltd.                                               | OCT21 2014-1A CR4       | CUSIP: 67590QCE5<br>LEI: 549300XIS9D4AHDX5A35 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001749.00   | 0.03%             | 2031-02-14      | Floating      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| JEFFERSON MILL CLO LTD                                                             | JEFFM 2015-1A CRR       | CUSIP: 47421MBN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12400000 | PA      | $12453282.80  | 0.42%             | 2031-10-20      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Steele Creek Clo 2014-1R Ltd.                                                      | STCR 2014-1RA C         | CUSIP: 85816WAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2305000 | PA      | $2308125.58   | 0.08%             | 2031-04-21      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| Ozlm XXI Ltd.                                                                      | OZLM 2018-20A B         | CUSIP: 67112MAE5<br>LEI: 5493002HF6D1C4B1AK86 | Long             | ABS-CBDO         | CORP              | US        |   4915000 | PA      | $4929199.44   | 0.17%             | 2031-04-20      | Floating      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Crescent Capital BDC, Inc.                                                         | CCABDC 5                | CUSIP: 225655208<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EP               | CORP              | US        |    253181 | NS      | $6319397.76   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson's Bay Simon JV Trust                                                        | HBCT 2015-HB10 B10      | CUSIP: 44422PBW1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5520000 | PA      | $5499954.12   | 0.18%             | 2034-08-05      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| Shenergy Co Ltd.                                                                   | SHACK 2013-4RA B        | CUSIP: 81882HAE5<br>LEI: 300300PA40YYCBW4WW70 | Long             | ABS-CBDO         | CORP              | CN        |   1555000 | PA      | $1558047.80   | 0.05%             | 2031-04-13      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| FS KKR Capital Corp                                                                | FSK 3 1/8 10/12/28      | CUSIP: 302635AK3<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |  17674000 | PA      | $16337949.17  | 0.55%             | 2028-10-12      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Midocean Credit CLO III LLC                                                        | MIDO 2014-3A CR         | CUSIP: 59802UAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2050000 | PA      | $2052045.90   | 0.07%             | 2031-04-21      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL FUND MTG                                                                  | IMPRL 2022-NQM7 A1      | CUSIP: 452763AA3<br>LEI: 984500DDE091107DY398 | Long             | ABS-O            | CORP              | US        |   2554936 | PA      | $2565884.76   | 0.09%             | 2067-11-25      | Floating      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| STEELE CREEK CLO LTD 2019-1                                                        | STCR 2019-1A CRR        | CUSIP: 85817BAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15000000 | PA      | $15020670.00  | 0.51%             | 2032-04-15      | Floating      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Vinebrook Homes Trust Inc                                                          | VINBRK 6 1/2            | CUSIP: 92737L209<br>LEI: 5493007VIZSKYNAKUH78 | Long             | EP               | CORP              | US        |     44000 | NS      | $968000.00    | 0.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Thl Credit Wr 2014-3K Clo Ltd                                                      | WINDR 2014-3KRA C       | CUSIP: 88390BAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10800000 | PA      | $10831741.20  | 0.36%             | 2030-10-15      | Floating      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| Dryden 50 Senior Loan Fund & LLC                                                   | DRSLF 2017-49A BR       | CUSIP: 26244QAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    570000 | PA      | $570975.84    | 0.02%             | 2030-07-18      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Ept 16 LLC                                                                         | EPTLLC 7 1/4 08/01/28   | CUSIP: 26889BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.84%             | 2028-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Canyon CLO 2016-1 Ltd / Canyon CLO 2016-1 LLC                                      | CANYC 2016-1A BR        | CUSIP: 13887PAM7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    290000 | PA      | $290599.72    | 0.01%             | 2031-07-15      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Freedom Mortgage Corporation                                                       | FMMSR 2022-GT1 A        | CUSIP: 30259RAM7<br>LEI: 549300LYRWPSYPK6S325 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2003379.60   | 0.07%             | 2027-04-25      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| Ozlm XXIV Ltd.                                                                     | OZLM 2019-24A BR        | CUSIP: 67113DBG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    620000 | PA      | $622225.80    | 0.02%             | 2032-07-20      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO 2013-2 Ltd.                                                       | BLUEM 2013-2A DR        | CUSIP: 09626YAW0<br>LEI: 549300KGXMRFX2DKIX03 | Long             | ABS-CBDO         | CORP              | KY        |   3830000 | PA      | $3855975.06   | 0.13%             | 2030-10-22      | Floating      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| Atlas Senior Loan Fund XI Ltd                                                      | ATCLO 2018-11A C        | CUSIP: 04941YAL3<br>LEI: 635400RPGP64VI1SZW03 | Long             | ABS-CBDO         | CORP              | KY        |   3375000 | PA      | $3382502.63   | 0.11%             | 2031-07-26      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                       | TII 0 1/8 04/15/26      | CUSIP: 91282CCA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  80000000 | PA      | $98163518.14  | 3.30%             | 2026-04-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Great Elm Capital Corporation                                                      | GECC 5 7/8              | CUSIP: 390320604<br>LEI: 549300JTA9ODXNIVFC33 | Long             | EP               | CORP              | US        |    726117 | NS      | $18189230.85  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sound Point  Clo Xvi Limited                                                       | SNDPT 2017-2A CR        | CUSIP: 83610KAN3<br>LEI: 549300ZK5CJ7PM7YBH85 | Long             | ABS-CBDO         | CORP              | KY        |   2890000 | PA      | $2897066.05   | 0.10%             | 2030-07-25      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance CLO 2015-1 LLC                                                         | EATON 2015-1A DR        | CUSIP: 27830KBA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6600000 | PA      | $6609649.20   | 0.22%             | 2030-01-20      | Floating      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 34 Ltd                                                 | OCT34 2017-1A D         | CUSIP: 675922AN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3152000 | PA      | $3152800.61   | 0.11%             | 2030-01-20      | Floating      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| OFS Cap Corp                                                                       | OFS 7 1/2               | CUSIP: 67103B803<br>LEI: 549300XTK3HSWPDBJD13 | Long             | EP               | RF                | US        |    502209 | NS      | $13042367.73  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Shackleton 2013-Iii Clo Ltd                                                        | SHACK 2013-3A CR        | CUSIP: 81881QAW6<br>LEI: 549300S9WB2KLCOJR134 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5009612.50   | 0.17%             | 2030-07-15      | Floating      | 6.12%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer