# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-004460
**Filing Date:** 2026-4
**Character Count:** 231179
**Document Hash:** e201a87541802938688c10fdcb73fa91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-004460.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001099263-26-004460

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Exchange-Traded Funds, Inc.
- **CENTRAL INDEX KEY:** 0001795351

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23494
- **FILM NUMBER:** 26899731

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

## Series and Classes Contracts Data

### T. Rowe Price Floating Rate ETF (Series ID: S000077050)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000237190 | T. Rowe Price Floating Rate ETF | TFLR            |

## Nport-Ex

T. ROWE PRICE FLOATING RATE ETF

------

February 28, 2026 Unaudited

---

| | | |
|:---|:---|:---|
| **PORTFOLIO OF INVESTMENTS‡** | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| **BANK LOANS 87.1% (1)** | **BANK LOANS 87.1% (1)** | **BANK LOANS 87.1% (1)** |
| **Aerospace & Defense 3.7%** |  |  |
| Bleriot US Bidco, FRN, 3M TSFR + 2.50%, 6.172%, 10/31/30 (2) | 1888 | &nbsp;&nbsp;&nbsp;1887 |
| Brown Group Holding, FRN, 3M TSFR + 2.50%, 6.170%, 7/1/31 (2) | 3848 | &nbsp;&nbsp;&nbsp;3854 |
| Dynasty Acquisition, B-1, FRN, 1M TSFR + 2.00%, 5.673%, 10/31/31 (2) | 2239 | &nbsp;&nbsp;&nbsp;2245 |
| Dynasty Acquisition, B-2, FRN, 1M TSFR + 2.00%, 5.673%, 10/31/31 (2) | &nbsp;&nbsp;&nbsp;&nbsp;852 | &nbsp;&nbsp;&nbsp;&nbsp;854 |
| Kaman, FRN, 3M TSFR + 1.50%, 2.007%, 2/26/32 (3) | &nbsp;&nbsp;&nbsp;&nbsp;57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56 |
| Kaman, FRN, 1M TSFR + 2.50%, 6.173%, 2/26/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;726 | &nbsp;&nbsp;&nbsp;&nbsp;725 |
| KKR Apple Bidco, FRN, 1M TSFR + 2.50%, 6.173%, 9/23/31 | &nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp;560 |
| Mahseer Holdings, FRN, 1M TSFR + 3.25%, 2/5/33 (2) | &nbsp;&nbsp;&nbsp;&nbsp;91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 |
| Mahseer Holdings, 1M TSFR + 3.25%, 2/5/33 (2) | &nbsp;&nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 |
| TransDigm, FRN, 1M TSFR + 2.25%, 5.923%, 3/22/30 (2) | 1778 | &nbsp;&nbsp;&nbsp;1776 |
| TransDigm, FRN, 1M TSFR + 2.50%, 6.160%, 2/10/33 (2) | &nbsp;&nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;360 |
| TransDigm, FRN, 1M TSFR + 2.50%, 6.173%, 2/28/31 (2) | 4499 | &nbsp;&nbsp;&nbsp;4498 |
| TransDigm, FRN, 1M TSFR + 2.50%, 6.173%, 1/19/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;228 | &nbsp;&nbsp;&nbsp;&nbsp;228 |
| TransDigm, FRN, 1M TSFR + 2.50%, 6.173%, 8/19/32 (2) | 2381 | &nbsp;&nbsp;&nbsp;2379 |
|  |  | 19527 |
| **Airlines 0.5%** |  |  |
| American Airlines, FRN, 3M TSFR + 2.25%, 5.918%, 4/20/28 (2) | 2881 | &nbsp;&nbsp;&nbsp;2875 |
|  |  | &nbsp;&nbsp;&nbsp;2875 |
| **Automotive 3.8%** |  |  |
| American Axle & Manufacturing, FRN, 1M TSFR + 3.25%, 6.910%, 2/3/33 (2) | &nbsp;&nbsp;&nbsp;&nbsp;785 | &nbsp;&nbsp;&nbsp;&nbsp;781 |
| Autokiniton US Holdings, FRN, 1M TSFR + 4.00%, 7.787%, 4/6/28 (2) | 4654 | &nbsp;&nbsp;&nbsp;4633 |
| Belron Finance, FRN, 3M TSFR + 2.00%, 5.660%, 10/16/31 (2) | 1621 | &nbsp;&nbsp;&nbsp;1620 |
| Clarios Global, FRN, 1M TSFR + 2.50%, 6.173%, 5/6/30 (2) | 2187 | &nbsp;&nbsp;&nbsp;2179 |
| Clarios Global, FRN, 1M TSFR + 2.75%, 6.423%, 1/28/32 (2) | 4431 | &nbsp;&nbsp;&nbsp;4416 |
| Mavis Tire Express Services, FRN, 1M TSFR + 3.00%, 6.673%, 5/4/28 (2) | 3993 | &nbsp;&nbsp;&nbsp;3982 |
| Tenneco, FRN, 3M TSFR + 5.00%, 8.756%, 11/17/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;570 | &nbsp;&nbsp;&nbsp;&nbsp;561 |
| Wand NewCo 3, FRN, 1M TSFR + 2.50%, 6.173%, 1/30/31 (2) | 1941 | &nbsp;&nbsp;&nbsp;1929 |
|  |  | 20101 |
| **Broadcasting 3.9%** |  |  |
| Clear Channel Outdoor Holdings, FRN, 1M TSFR + 4.00%, 7.787%, 8/21/28 | 1380 | &nbsp;&nbsp;&nbsp;1384 |
| CMG Media, FRN, 3M TSFR + 3.50%, 7.272%, 6/18/29 (2) | 4577 | &nbsp;&nbsp;&nbsp;4318 |
| EW Scripps, FRN, 1M TSFR + 3.35%, 7.132%, 11/30/29 (2) | 1102 | &nbsp;&nbsp;&nbsp;1066 |
| EW Scripps, FRN, 1M TSFR + 5.75%, 9.532%, 6/30/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;941 | &nbsp;&nbsp;&nbsp;&nbsp;948 |
| Gray Television, FRN, 1M TSFR + 3.00%, 6.786%, 12/1/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp;354 |
| Gray Television, FRN, 1M TSFR + 5.25%, 8.921%, 6/4/29 | &nbsp;&nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 |
| iHeartCommunications, FRN, 1M TSFR + 5.78%, 9.562%, 5/1/29 (2) | 1586 | &nbsp;&nbsp;&nbsp;1369 |
| Neptune Bidco US, FRN, 3M TSFR + 5.00%, 8.760%, 2/3/33 (2) | 6205 | &nbsp;&nbsp;&nbsp;5834 |
| Nexstar Broadcasting, FRN, 1M TSFR + 2.50%, 6.173%, 6/28/32 (2) | 1416 | &nbsp;&nbsp;&nbsp;1414 |
| Sinclair Television Group, FRN, 1M TSFR + 3.30%, 7.087%, 12/31/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;448 | &nbsp;&nbsp;&nbsp;&nbsp;381 |
| Townsquare Media, FRN, 6M TSFR + 5.00%, 8.587%, 2/19/30 | &nbsp;&nbsp;&nbsp;&nbsp;441 | &nbsp;&nbsp;&nbsp;&nbsp;327 |
| Univision Communications, FRN, 1M TSFR + 3.25%, 7.037%, 1/31/29 (2) | 2568 | &nbsp;&nbsp;&nbsp;2552 |
| Univision Communications, FRN, 1M TSFR + 3.50%, 7.287%, 1/31/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;569 | &nbsp;&nbsp;&nbsp;&nbsp;567 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Univision Communications, FRN, 3M TSFR + 4.25%, 7.922%, 6/24/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388 |
|  |  | 20915 |
| **Building Products 1.4%** |  |  |
| Chamberlain Group, FRN, 1M TSFR + 2.75%, 6.423%, 9/8/32 (2) | 1942 | &nbsp;&nbsp;&nbsp;1934 |
| CP Atlas Buyer, FRN, 1M TSFR + 5.25%, 8.923%, 7/8/30 (2) | 1103 | &nbsp;&nbsp;&nbsp;1064 |
| MI Windows & Doors, FRN, 1M TSFR + 2.75%, 6.423%, 3/28/31 (2) | 1333 | &nbsp;&nbsp;&nbsp;1322 |
| Quikrete Holdings, FRN, 1M TSFR + 2.25%, 5.923%, 1/30/32 (2) | 3382 | &nbsp;&nbsp;&nbsp;3379 |
|  |  | &nbsp;&nbsp;&nbsp;7699 |
| **Cable Operators 1.0%** |  |  |
| Cable One, FRN, 1M TSFR + 2.00%, 5.787%, 5/3/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342 |
| CSC Holdings, FRN, 3M TSFR + 1.50%, 6.450%, 4/15/27 (2) | 2081 | &nbsp;&nbsp;&nbsp;1795 |
| DirecTV Financing, FRN, 3M TSFR + 5.50%, 9.167%, 2/17/31 (2) | 1193 | &nbsp;&nbsp;&nbsp;1191 |
| DirecTV Financing, FRN, 3M TSFR + 5.25%, 9.178%, 8/2/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;794 |
| Radiate Holdco, FRN, (1.50% PIK and 1M TSFR + 3.50% cash), 4.394%, 9/25/29 (4) | &nbsp;&nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844 |
| Radiate Holdco, Closing Date Term Loan, FRN, 1M TSFR + 4.00%, 7.673%, 6/26/29 (5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 |
| Radiate Holdco, Delayed Draw Term Commitment, FRN, 1M TSFR + 4.00%, 3.558%, 6/26/29 (3)(5) | &nbsp;&nbsp;&nbsp;&nbsp;146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146 |
|  |  | &nbsp;&nbsp;&nbsp;5161 |
| **Chemicals 1.4%** |  |  |
| Nouryon Finance, FRN, 6M TSFR + 3.25%, 6.828%, 4/3/28 (2) | 3257 | &nbsp;&nbsp;&nbsp;3252 |
| Nouryon Finance, FRN, 3M TSFR + 3.25%, 6.917%, 4/3/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127 |
| Qnity Electronics, FRN, 6M TSFR + 2.00%, 5.698%, 11/1/32 (2) | 1985 | &nbsp;&nbsp;&nbsp;1991 |
| W.R. Grace, FRN, 3M TSFR + 3.00%, 6.689%, 8/19/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772 |
| Windsor Holdings III, FRN, 1M TSFR + 2.75%, 6.423%, 8/1/30 (2) | 1449 | &nbsp;&nbsp;&nbsp;1446 |
|  |  | &nbsp;&nbsp;&nbsp;7588 |
| **Consumer Products 1.1%** |  |  |
| 19th Holdings Golf, FRN, 1M TSFR + 3.25%, 7.023%, 2/7/29 (2) | 1346 | &nbsp;&nbsp;&nbsp;1340 |
| ABG Intermediate Holdings 2, FRN, 1M TSFR + 2.25%, 5.923%, 12/21/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629 |
| Bulldog Purchaser, FRN, 3M TSFR + 3.25%, 6.913%, 2/4/33 (2) | &nbsp;&nbsp;&nbsp;&nbsp;905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902 |
| Lavender Dutch BorrowerCo, FRN, 3M TSFR + 3.25%, 6.935%, 12/30/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868 |
| Life Time Fitness, FRN, 1M TSFR + 2.00%, 5.671%, 11/5/31 (2) | 1027 | &nbsp;&nbsp;&nbsp;1027 |
| Peloton Interactive, FRN, 1M TSFR + 5.50%, 9.173%, 5/30/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843 |
|  |  | &nbsp;&nbsp;&nbsp;5609 |
| **Container 1.4%** |  |  |
| Albea Beauty Holdings, FRN, 3M EURIBOR + 5.00%, 7.019%, 12/31/27 (EUR) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 |
| Charter NEX US, FRN, 1M TSFR + 2.50%, 6.171%, 11/29/30 (2) | 5370 | &nbsp;&nbsp;&nbsp;5364 |
| Proampac PG Borrower, 3M TSFR + 4.00%, 2/22/33 (2)(5) | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286 |
| Proampac PG Borrower, FRN, 3M TSFR + 4.00%, 7.663%, 9/15/28 | 1927 | &nbsp;&nbsp;&nbsp;1898 |
|  |  | &nbsp;&nbsp;&nbsp;7613 |
| **Energy 1.5%** |  |  |
| Brazos Delaware II, FRN, 1M TSFR + 2.50%, 6.160%, 2/11/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679 |
| CPPIB OVM Member US, FRN, 1M TSFR + 2.25%, 5.922%, 8/20/31 | &nbsp;&nbsp;&nbsp;&nbsp;564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Deep Blue Operating I, FRN, 1M TSFR + 2.75%, 6.421%, 10/1/32 (2) | 1480 | &nbsp;&nbsp;&nbsp;1485 |
| Goodnight Water Solutions, FRN, 1M TSFR + 4.00%, 7.673%, 6/4/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;870 |
| M6 ETX Holdings II Midco, FRN, 1M TSFR + 2.50%, 6.173%, 4/1/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;906 |
| NGL Energy Partners, FRN, 1M TSFR + 3.50%, 7.173%, 2/3/31 (2) | 2614 | &nbsp;&nbsp;&nbsp;2614 |
| NorthRiver Midstream Finance, FRN, 3M TSFR + 2.25%, 5.911%, 8/16/30 (2) | 1020 | &nbsp;&nbsp;&nbsp;1020 |
|  |  | &nbsp;&nbsp;&nbsp;8137 |
| **Entertainment & Leisure 3.4%** |  |  |
| AMC Entertainment Holdings, FRN, 1M TSFR + 7.00%, 10.667%, 1/4/29 | 2783 | &nbsp;&nbsp;&nbsp;2723 |
| Cinemark USA, FRN, 3M TSFR + 2.25%, 5.923%, 5/24/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309 |
| Crown Finance US, FRN, 1M TSFR + 4.50%, 8.171%, 12/2/31 (2) | 3983 | &nbsp;&nbsp;&nbsp;3864 |
| Delta 2 (LUX), FRN, 3M TSFR + 1.75%, 5.422%, 9/10/31 (2) | 2175 | &nbsp;&nbsp;&nbsp;2176 |
| EOC Borrower, FRN, 1M TSFR + 2.75%, 6.423%, 3/24/32 (2) | 3701 | &nbsp;&nbsp;&nbsp;3686 |
| TKO Worldwide Holdings, FRN, 3M TSFR + 2.00%, 5.664%, 11/21/31 (2) | 5335 | &nbsp;&nbsp;&nbsp;5337 |
| United Talent Agency, FRN, 1M TSFR + 3.00%, 6.660%, 6/10/32 (2)(5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84 |
|  |  | 18179 |
| **Financial 14.4%** |  |  |
| Acrisure, FRN, 1M TSFR + 3.00%, 6.673%, 11/6/30 (2) | 3513 | &nbsp;&nbsp;&nbsp;3396 |
| Acrisure, FRN, 1M TSFR + 3.25%, 6.923%, 6/21/32 | 2227 | &nbsp;&nbsp;&nbsp;2158 |
| Alera Group, FRN, 1M TSFR + 2.75%, 6.423%, 5/30/32 (2) | 3818 | &nbsp;&nbsp;&nbsp;3626 |
| Alera Group, FRN, 1M TSFR + 5.50%, 9.173%, 5/30/33 | 5750 | &nbsp;&nbsp;&nbsp;5624 |
| Alliant Holdings Intermediate, FRN, 1M TSFR + 2.50%, 6.173%, 9/19/31 | 3207 | &nbsp;&nbsp;&nbsp;3129 |
| Apollo Commercial Real Estate Finance, FRN, 1M TSFR + 3.25%, 6.917%, 6/13/30 | &nbsp;&nbsp;&nbsp;&nbsp;473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472 |
| Aretec Group, FRN, 1M TSFR + 3.00%, 6.673%, 8/9/30 | &nbsp;&nbsp;&nbsp;&nbsp;955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921 |
| BCPE Pequod Buyer, FRN, 3M TSFR + 2.75%, 6.417%, 11/25/31 (2) | 2695 | &nbsp;&nbsp;&nbsp;2602 |
| Blackstone Mortgage Trust, FRN, 1M TSFR + 2.50%, 6.173%, 12/10/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460 |
| Chicago US Midco III, FRN, 3M TSFR + 1.25%, 1.250%, 11/1/32 (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93 |
| Chicago US Midco III, FRN, 1M TSFR + 2.50%, 6.173%, 11/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630 |
| Citadel Securities, FRN, 3M TSFR + 2.00%, 5.672%, 10/31/31 (2) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249 |
| Citco Funding, FRN, 3M TSFR + 2.00%, 5.667%, 1/30/33 (2) | &nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484 |
| Daintree BidCo, FRN, 1M TSFR + 4.50%, 11/24/32 (2)(5) | 1315 | &nbsp;&nbsp;&nbsp;1295 |
| Edelman Financial Center, FRN, 1M TSFR + 3.00%, 6.673%, 4/7/28 | 2716 | &nbsp;&nbsp;&nbsp;2694 |
| Edelman Financial Center, FRN, 1M TSFR + 5.25%, 8.923%, 10/6/28 | 2644 | &nbsp;&nbsp;&nbsp;2615 |
| EP Wealth Advisors, FRN, 3M TSFR + 3.00%, 6.672%, 10/18/32 | &nbsp;&nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624 |
| Focus Financial Partners, FRN, 1M TSFR + 2.50%, 6.173%, 9/15/31 | 6335 | &nbsp;&nbsp;&nbsp;5963 |
| GEN II Fund Services, FRN, 3M TSFR + 2.75%, 6.422%, 11/26/31 (5) | &nbsp;&nbsp;&nbsp;&nbsp;352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343 |
| GTCR Everest Borrower, FRN, 3M TSFR + 2.50%, 6.160%, 9/5/31 (2) | 1504 | &nbsp;&nbsp;&nbsp;1473 |
| HighTower Holdings, FRN, 3M TSFR + 2.75%, 6.413%, 2/3/32 (2)(5) | 4652 | &nbsp;&nbsp;&nbsp;4580 |
| HUB International, FRN, 3M TSFR + 2.25%, 5.920%, 6/20/30 | 6424 | &nbsp;&nbsp;&nbsp;6347 |
| Jane Street Group, FRN, 3M TSFR + 2.00%, 5.673%, 12/15/31 | 2746 | &nbsp;&nbsp;&nbsp;2656 |
| Jones DesLauriers Insurance Management, FRN, 3M TSFR + 3.00%, 6.664%, 2/2/33 (2) | 3456 | &nbsp;&nbsp;&nbsp;3313 |
| KREF Holdings X, FRN, 1M TSFR + 2.50%, 6.160%, 3/5/32 | &nbsp;&nbsp;&nbsp;&nbsp;606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597 |
| OneDigital Borrower, FRN, 1M TSFR + 3.00%, 6.673%, 7/2/31 | 2231 | &nbsp;&nbsp;&nbsp;2146 |
| OneDigital Borrower, FRN, 1M TSFR + 5.25%, 8.923%, 7/2/32 | 2990 | &nbsp;&nbsp;&nbsp;2981 |
| Orion Advisor Solutions, FRN, 3M TSFR + 2.75%, 6.421%, 9/9/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513 |
| Osaic Holdings, FRN, 3M TSFR + 2.50%, 6.164%, 7/30/32 | 2657 | &nbsp;&nbsp;&nbsp;2568 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Ryan Specialty Group, FRN, 1M TSFR + 2.00%, 5.673%, 9/15/31 (2) | &nbsp;&nbsp;&nbsp;&nbsp;248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247 |
| Sedgwick Claims Management Services, FRN, 1M TSFR + 2.50%, 6.173%, 7/31/31 (2) | 6687 | &nbsp;&nbsp;&nbsp;6463 |
| Speed Midco 3, FRN, 6M TSFR + 2.50%, 6.288%, 10/7/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;923 |
| Truist Insurance Holdings, FRN, 3M TSFR + 4.75%, 8.422%, 5/6/32 | 4853 | &nbsp;&nbsp;&nbsp;4809 |
| USI, FRN, 3M TSFR + 2.25%, 5.922%, 9/29/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 |
|  |  | 77004 |
| **Food 1.0%** |  |  |
| 1440 Food Topco, FRN, 1M TSFR + 5.00%, 8.673%, 10/31/31 | &nbsp;&nbsp;&nbsp;&nbsp;317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285 |
| Celsius Holdings, FRN, 3M TSFR + 2.50%, 6.172%, 4/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786 |
| Chobani, FRN, 1M TSFR + 2.25%, 5.923%, 10/28/32 (2) | 2477 | &nbsp;&nbsp;&nbsp;2483 |
| Primo Brands, FRN, 3M TSFR + 2.25%, 5.922%, 3/31/28 (2) | 1152 | &nbsp;&nbsp;&nbsp;1151 |
| Simply Good Foods USA, FRN, 3M TSFR + 2.00%, 5.673%, 3/17/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;262 |
| Snacking Investments Bidco, FRN, 3M TSFR + 3.00%, 6.667%, 10/29/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584 |
|  |  | &nbsp;&nbsp;&nbsp;5551 |
| **Gaming 1.2%** |  |  |
| Caesars Entertainment, FRN, 1M TSFR + 2.25%, 5.923%, 2/6/30 (2) | 1365 | &nbsp;&nbsp;&nbsp;1354 |
| Caesars Entertainment, FRN, 1M TSFR + 2.25%, 5.923%, 2/6/31 (2) | 1602 | &nbsp;&nbsp;&nbsp;1585 |
| Light and Wonder International, FRN, 1M TSFR + 2.00%, 5.677%, 4/16/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;706 |
| Ontario Gaming GTA, FRN, 3M TSFR + 4.25%, 7.922%, 8/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531 |
| Playtika Holding, FRN, 1M TSFR + 2.75%, 6.537%, 3/13/28 | &nbsp;&nbsp;&nbsp;&nbsp;191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177 |
| Spectacle Gary Holdings, FRN, 3M TSFR + 4.25%, 8.086%, 12/11/28 | &nbsp;&nbsp;&nbsp;&nbsp;965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928 |
| Voyager Parent, FRN, 3M TSFR + 4.25%, 7.911%, 7/1/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978 |
|  |  | &nbsp;&nbsp;&nbsp;6259 |
| **Health Care 9.5%** |  |  |
| Amneal Pharmaceuticals, FRN, 1M TSFR + 3.00%, 6.673%, 8/1/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344 |
| Argent Finco, FRN, 1M TSFR + 2.50%, 11/22/32 (2) | 1320 | &nbsp;&nbsp;&nbsp;1324 |
| Athenahealth Group, FRN, 1M TSFR + 2.75%, 6.423%, 2/15/29 (2) | 3012 | &nbsp;&nbsp;&nbsp;2929 |
| Bausch & Lomb, FRN, 1M TSFR + 3.75%, 7.423%, 1/15/31 (2) | 2344 | &nbsp;&nbsp;&nbsp;2343 |
| Bausch Health, FRN, 1M TSFR + 6.25%, 9.923%, 10/8/30 (2) | 2326 | &nbsp;&nbsp;&nbsp;2262 |
| Ceva Sante Animale, FRN, 3M TSFR + 2.75%, 6.389%, 11/8/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247 |
| Concentra Health Services, FRN, 1M TSFR + 2.00%, 5.673%, 7/26/31 | &nbsp;&nbsp;&nbsp;&nbsp;583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585 |
| Dechra Pharmaceuticals Holdings, FRN, 3M TSFR + 2.75%, 6.387%, 1/27/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432 |
| Global Medical Response, FRN, 3M TSFR + 3.50%, 7.170%, 10/1/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754 |
| Hanger, FRN, 1M TSFR + 3.50%, 5.664%, 10/23/31 (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98 |
| Hanger, FRN, 1M TSFR + 3.50%, 7.173%, 10/23/31 (2) | &nbsp;&nbsp;&nbsp;&nbsp;918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;920 |
| Heartland Dental, FRN, 1M TSFR + 3.75%, 7.423%, 8/25/32 (2) | 1347 | &nbsp;&nbsp;&nbsp;1343 |
| Hologic, FRN, 1M TSFR + 2.25%, 1/14/33 (2) | 4260 | &nbsp;&nbsp;&nbsp;4207 |
| Hopper Merger Sub, FRN, 1/5/34 (2)(5) | 7725 | &nbsp;&nbsp;&nbsp;7648 |
| Inception Holdco, FRN, 3M TSFR + 3.25%, 6.922%, 4/9/31 | &nbsp;&nbsp;&nbsp;&nbsp;836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840 |
| LifePoint Health, FRN, 3M TSFR + 3.50%, 7.152%, 5/17/31 (2) | &nbsp;&nbsp;&nbsp;&nbsp;895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894 |
| LifePoint Health, FRN, 3M TSFR + 3.75%, 7.422%, 5/17/31 (2) | 2012 | &nbsp;&nbsp;&nbsp;2012 |
| Loire Finco Luxembourg, FRN, 1M TSFR + 4.00%, 7.673%, 1/21/30 | &nbsp;&nbsp;&nbsp;&nbsp;531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530 |
| Medline Borrower, FRN, 1M TSFR + 1.75%, 5.423%, 10/23/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521 |
| Medline Borrower, FRN, 1M TSFR + 1.75%, 5.423%, 10/23/30 (2) | 4936 | &nbsp;&nbsp;&nbsp;4944 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Opal Bidco, FRN, 3M TSFR + 3.00%, 6.686%, 4/28/32 (2) | 5969 | &nbsp;&nbsp;&nbsp;5960 |
| Paradigm Parent, FRN, 3M TSFR + 4.50%, 8.172%, 4/16/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325 |
| QuidelOrtho, FRN, 1M TSFR + 4.00%, 7.673%, 8/20/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518 |
| SAM Bidco SAS, FRN, 1M TSFR + 4.00%, 7.673%, 12/13/27 | &nbsp;&nbsp;&nbsp;&nbsp;697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697 |
| Star Parent, FRN, 3M TSFR + 4.00%, 7.672%, 9/27/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306 |
| Surgery Center Holdings, FRN, 1M TSFR + 2.50%, 6.173%, 12/19/30 (2) | 3754 | &nbsp;&nbsp;&nbsp;3755 |
| Team Health Holdings, FRN, 3M TSFR + 4.00%, 7.661%, 6/30/28 (2) | 2084 | &nbsp;&nbsp;&nbsp;2080 |
| US Renal Care, FRN, 1M TSFR + 5.00%, 8.787%, 6/28/28 (2) | 1081 | &nbsp;&nbsp;&nbsp;1021 |
| Waystar Technologies, FRN, 1M TSFR + 2.00%, 5.673%, 10/22/29 (2)(5) | 1180 | &nbsp;&nbsp;&nbsp;1170 |
|  |  | 51009 |
| **Information Technology 12.9%** |  |  |
| Applied Systems, FRN, 1M TSFR + 2.25%, 5.924%, 2/24/31 (2) | 6002 | &nbsp;&nbsp;&nbsp;5874 |
| Applied Systems, FRN, 3M TSFR + 4.50%, 8.172%, 2/23/32 | 2135 | &nbsp;&nbsp;&nbsp;2101 |
| Avalara, FRN, 3M TSFR + 2.75%, 6.422%, 3/26/32 | 3070 | &nbsp;&nbsp;&nbsp;2843 |
| Central Parent, FRN, 3M TSFR + 3.25%, 6.922%, 7/6/29 | &nbsp;&nbsp;&nbsp;&nbsp;526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328 |
| Cloud Software Group, FRN, 3M TSFR + 3.25%, 6.922%, 3/21/31 (2) | 1859 | &nbsp;&nbsp;&nbsp;1722 |
| Cloud Software Group, FRN, 3M TSFR + 3.25%, 6.922%, 8/13/32 (2) | 3803 | &nbsp;&nbsp;&nbsp;3519 |
| ConnectWise, FRN, 3M TSFR + 3.50%, 7.434%, 9/29/28 | &nbsp;&nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533 |
| Delivery Hero, FRN, 3M TSFR + 5.00%, 8.639%, 12/12/29 | 1742 | &nbsp;&nbsp;&nbsp;1736 |
| Delta TopCo, FRN, 3M TSFR + 5.25%, 8.914%, 11/29/30 | &nbsp;&nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528 |
| Disco Parent, FRN, 3M TSFR + 3.00%, 6.673%, 8/6/32 (2)(5) | 1277 | &nbsp;&nbsp;&nbsp;1242 |
| Dye & Durham, FRN, 3M TSFR + 4.25%, 8.022%, 4/11/31 | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519 |
| ECI Macola Max Holding, FRN, 3M TSFR + 2.75%, 6.422%, 5/9/30 (2) | 1038 | &nbsp;&nbsp;&nbsp;1004 |
| Ellucian Holdings, FRN, 1M TSFR + 2.50%, 6.173%, 10/9/29 (2) | 4705 | &nbsp;&nbsp;&nbsp;4543 |
| Ellucian Holdings, FRN, 1M TSFR + 4.75%, 8.423%, 11/22/32 | 3943 | &nbsp;&nbsp;&nbsp;3785 |
| Epicor Software, FRN, 1M TSFR + 2.50%, 6.173%, 5/30/31 (2) | 7520 | &nbsp;&nbsp;&nbsp;7283 |
| Fleet Midco I, FRN, 3M TSFR + 2.75%, 6.419%, 2/21/31 (2)(5) | 2202 | &nbsp;&nbsp;&nbsp;2194 |
| Go Daddy Operating, FRN, 1M TSFR + 1.75%, 5.423%, 11/9/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 |
| Javelin Buyer, FRN, 3M TSFR + 5.00%, 8.673%, 12/6/32 | &nbsp;&nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555 |
| Kaseya, FRN, 1M TSFR + 3.00%, 6.673%, 3/22/32 | 1200 | &nbsp;&nbsp;&nbsp;1083 |
| Kaseya, FRN, 1M TSFR + 5.00%, 8.673%, 3/21/33 | 1915 | &nbsp;&nbsp;&nbsp;1545 |
| McAfee, FRN, 1M TSFR + 3.00%, 6.673%, 3/1/29 | 3626 | &nbsp;&nbsp;&nbsp;3145 |
| MH Sub I, FRN, 1M TSFR + 4.25%, 7.923%, 5/3/28 | 1437 | &nbsp;&nbsp;&nbsp;1163 |
| MH Sub I, FRN, 1M TSFR + 4.25%, 7.923%, 12/31/31 | 1349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;914 |
| MH Sub I, FRN, 1M TSFR + 6.25%, 9.923%, 2/23/29 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;787 |
| ORION US Finco, FRN, 3M TSFR + 3.50%, 7.150%, 10/8/32 | 1150 | &nbsp;&nbsp;&nbsp;1128 |
| ORION US Finco, FRN, 3M TSFR + 5.50%, 9.150%, 10/11/33 (2) | &nbsp;&nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616 |
| Project Alpha Intermediate Holding, FRN, 3M TSFR + 5.00%, 8.672%, 5/9/33 | 1933 | &nbsp;&nbsp;&nbsp;1440 |
| Proofpoint, FRN, 3M TSFR + 3.00%, 6.672%, 8/31/28 (2) | 2395 | &nbsp;&nbsp;&nbsp;2289 |
| RealPage, FRN, 3M TSFR + 3.00%, 6.934%, 4/24/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259 |
| RealPage, FRN, 3M TSFR + 3.75%, 7.422%, 4/24/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652 |
| Red Planet Borrower, FRN, 1M TSFR + 4.00%, 7.673%, 9/8/32 (2) | 2465 | &nbsp;&nbsp;&nbsp;2383 |
| Sandisk, FRN, 3M TSFR + 3.00%, 6.669%, 2/20/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97 |
| SolarWinds Holdings, FRN, 3M TSFR + 4.00%, 7.701%, 4/16/32 | &nbsp;&nbsp;&nbsp;&nbsp;359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307 |
| SS&C Technologies, FRN, 1M TSFR + 2.00%, 5.673%, 5/9/31 (2) | &nbsp;&nbsp;&nbsp;&nbsp;144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143 |
| Trio Bidco, FRN, 3M TSFR + 0.50%, 0.500%, 10/29/32 (2)(3) | &nbsp;&nbsp;&nbsp;&nbsp;213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Trio Bidco, FRN, 3M TSFR + 4.00%, 7.672%, 10/8/32 (2) | 2022 | &nbsp;&nbsp;&nbsp;1956 |
| X, 9.500%, 10/26/29 (2) | 3655 | &nbsp;&nbsp;&nbsp;3832 |
| X, FRN, 6M TSFR + 6.50%, 10.448%, 10/26/29 (2) | 3807 | &nbsp;&nbsp;&nbsp;3815 |
| X.AI, FRN, 3M TSFR + 7.25%, 10.922%, 6/28/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730 |
| X.AI, FRN, 12.500%, 6/28/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 |
|  |  | 69064 |
| **Manufacturing 6.0%** |  |  |
| Alliance Laundry Systems, FRN, 3M TSFR + 2.25%, 5.919%, 8/19/31 (2) | &nbsp;&nbsp;&nbsp;&nbsp;361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360 |
| Altar Bidco, FRN, 12M TSFR + 3.10%, 6.783%, 2/1/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;819 |
| Bettcher Industries, FRN, 3M TSFR + 4.00%, 7.672%, 12/14/28 (2) | &nbsp;&nbsp;1111 | &nbsp;&nbsp;&nbsp;1116 |
| CompoSecure Holdings, FRN, 1M TSFR + 2.25%, 5.910%, 1/14/33 (2) | &nbsp;&nbsp;&nbsp;&nbsp;863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858 |
| CPM Holdings, FRN, 1M TSFR + 4.50%, 8.171%, 9/28/28 (2) | 3055 | &nbsp;&nbsp;&nbsp;2993 |
| Engineered Machinery Holdings, FRN, 3M TSFR + 3.25%, 6.922%, 11/26/32 (2) | 6112 | &nbsp;&nbsp;&nbsp;6128 |
| Engineered Machinery Holdings, FRN, 3M TSFR + 6.00%, 9.934%, 5/21/29 (5) | 1832 | &nbsp;&nbsp;&nbsp;1841 |
| Filtration Group, FRN, 1M TSFR + 2.75%, 6.423%, 10/21/28 (2) | 4720 | &nbsp;&nbsp;&nbsp;4723 |
| LSF12 Helix Parent, FRN, 1M TSFR + 3.50%, 7.173%, 1/22/33 (2) | &nbsp;&nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;909 |
| LTI Holdings, FRN, 1M TSFR + 3.75%, 7.423%, 7/29/29 | 4633 | &nbsp;&nbsp;&nbsp;4633 |
| Madison IAQ, FRN, 6M TSFR + 2.50%, 6.128%, 6/21/28 (2) | 2712 | &nbsp;&nbsp;&nbsp;2712 |
| Madison IAQ, FRN, 6M TSFR + 2.75%, 6.378%, 11/8/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337 |
| Madison Safety & Flow, FRN, 1M TSFR + 2.50%, 6.173%, 9/26/31 (2) | &nbsp;&nbsp;&nbsp;&nbsp;734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733 |
| Pro Mach Group, FRN, 1M TSFR + 2.75%, 6.423%, 10/15/32 (2) | 3187 | &nbsp;&nbsp;&nbsp;3184 |
| Recess Holdings, FRN, 3M TSFR + 3.75%, 7.418%, 2/20/30 | &nbsp;&nbsp;&nbsp;&nbsp;313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314 |
| Watlow Electric Manufacturing, FRN, 3M TSFR + 3.00%, 6.667%, 3/2/28 (2) | &nbsp;&nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595 |
|  |  | 32255 |
| **Metals & Mining 0.2%** |  |  |
| Arsenal AIC Parent, FRN, 1M TSFR + 2.75%, 6.423%, 8/18/30 (2) | 1064 | &nbsp;&nbsp;&nbsp;1064 |
|  |  | &nbsp;&nbsp;&nbsp;1064 |
| **Miscellaneous 0.5%** |  |  |
| Alpha Generation, FRN, 1M TSFR + 1.75%, 5.423%, 9/30/31 (2) | 2902 | &nbsp;&nbsp;&nbsp;2890 |
|  |  | &nbsp;&nbsp;&nbsp;2890 |
| **Other Telecommunications 1.4%** |  |  |
| Level 3 Financing, FRN, 1M TSFR + 3.25%, 6.923%, 3/29/32 (2) | 4880 | &nbsp;&nbsp;&nbsp;4887 |
| QualityTech, FRN, 1M TSFR + 3.50%, 7.173%, 11/4/31 (2) | 1092 | &nbsp;&nbsp;&nbsp;1083 |
| Windstream Services, FRN, 1M TSFR + 4.00%, 7.673%, 10/6/32 (2)(5) | &nbsp;&nbsp;&nbsp;&nbsp;915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915 |
| Zayo Group Holdings, FRN, 1M TSFR + 3.00%, 6.731%, 3/11/30 (2)(4) | &nbsp;&nbsp;&nbsp;&nbsp;747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717 |
|  |  | &nbsp;&nbsp;&nbsp;7602 |
| **Restaurants 0.8%** |  |  |
| Dave & Buster's, FRN, 3M TSFR + 3.25%, 6.938%, 6/29/29 (2) | 1078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;997 |
| IRB Holding, FRN, 1M TSFR + 2.50%, 6.173%, 12/15/30 (2) | 3006 | &nbsp;&nbsp;&nbsp;2993 |
|  |  | &nbsp;&nbsp;&nbsp;3990 |
| **Retail 1.6%** |  |  |
| Boots Group Bidco, FRN, 3M TSFR + 3.25%, 6.956%, 8/30/32 (2) | 1700 | &nbsp;&nbsp;&nbsp;1701 |
| Evergreen Acqco 1, FRN, 3M TSFR + 3.00%, 6.701%, 9/17/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| LSF9 Atlantis Holdings, FRN, 3M TSFR + 3.75%, 7.422%, 3/29/29 (2) | 2399 | &nbsp;&nbsp;&nbsp;2389 |
| Men's Wearhouse, FRN, 3M TSFR + 5.75%, 9.421%, 1/28/31 (2) | 1166 | &nbsp;&nbsp;&nbsp;1162 |
| PetSmart, FRN, 1M TSFR + 4.00%, 7.677%, 8/18/32 (2) | 2033 | &nbsp;&nbsp;&nbsp;2020 |
| Sweetwater Borrower, FRN, 1M TSFR + 4.00%, 7.660%, 2/17/33 (2)(5) | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450 |
|  |  | &nbsp;&nbsp;&nbsp;8253 |
| **Satellites 1.3%** |  |  |
| Connect Finco, FRN, 1M TSFR + 4.50%, 8.173%, 9/27/29 (2) | 2553 | &nbsp;&nbsp;&nbsp;2548 |
| Iridium Satellite, FRN, 1M TSFR + 2.25%, 5.923%, 9/20/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579 |
| Vantor Holdings, FRN, 1M TSFR + 4.50%, 2/28/33 (2) | 2305 | &nbsp;&nbsp;&nbsp;2270 |
| ViaSat, FRN, 1M TSFR + 4.50%, 8.287%, 3/2/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499 |
| ViaSat, FRN, 1M TSFR + 4.50%, 8.292%, 5/30/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;847 |
|  |  | &nbsp;&nbsp;&nbsp;6743 |
| **Services 7.2%** |  |  |
| Albion Financing 3, FRN, 3M TSFR + 3.00%, 6.664%, 5/21/31 (2) | 2880 | &nbsp;&nbsp;&nbsp;2878 |
| Allied Universal Holdco, FRN, 1M TSFR + 3.25%, 6.923%, 8/20/32 (2) | 6951 | &nbsp;&nbsp;&nbsp;6947 |
| Anticimex International AB, FRN, 3M TSFR + 2.90%, 6.560%, 11/17/31 | &nbsp;&nbsp;&nbsp;&nbsp;898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899 |
| Ascend Learning, FRN, 1M TSFR + 3.00%, 6.673%, 12/11/28 (2) | 1858 | &nbsp;&nbsp;&nbsp;1765 |
| Chrysaor Bidco, FRN, 3M TSFR + 3.25%, 6.900%, 10/30/31 (2) | &nbsp;&nbsp;&nbsp;&nbsp;823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820 |
| Clearwater Analytics, FRN, 1M TSFR + 2.00%, 5.677%, 4/21/32 (2) | 1648 | &nbsp;&nbsp;&nbsp;1646 |
| Crown Subsea Communications Holding, FRN, 1M TSFR + 3.00%, 6.673%, 1/30/31 | &nbsp;&nbsp;&nbsp;&nbsp;536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537 |
| Dayforce, FRN, 3M TSFR + 3.00%, 6.661%, 2/4/33 (2) | 3185 | &nbsp;&nbsp;&nbsp;2928 |
| Fortress Intermediate 3, FRN, 1M TSFR + 3.00%, 6.668%, 6/27/31 (2)(5) | 1854 | &nbsp;&nbsp;&nbsp;1799 |
| Genuine Financial Holdings, FRN, 1M TSFR + 3.25%, 6.923%, 9/27/30 | &nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366 |
| Instructure Holdings, FRN, 3M TSFR + 2.75%, 6.439%, 11/13/31 | 2461 | &nbsp;&nbsp;&nbsp;2325 |
| Mermaid Bidco, FRN, 3M TSFR + 3.25%, 6.913%, 7/3/31 (2) | 1944 | &nbsp;&nbsp;&nbsp;1849 |
| Project Boost Purchaser, FRN, 3M TSFR + 2.75%, 6.422%, 7/16/31 | 1965 | &nbsp;&nbsp;&nbsp;1869 |
| Renaissance Holding, FRN, 3M TSFR + 4.00%, 7.667%, 4/5/30 | 1507 | &nbsp;&nbsp;&nbsp;1126 |
| Sabre GLBL, FRN, 1M TSFR + 6.00%, 9.773%, 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247 |
| Sabre GLBL, FRN, 1M TSFR + 6.25%, 10.023%, 7/30/29 | &nbsp;&nbsp;&nbsp;&nbsp;343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238 |
| Salas O'Brien, FRN, 1M TSFR + 2.75%, 1.285%, 1/31/33 (2)(3)(5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 |
| Salas O'Brien, FRN, 1M TSFR + 2.75%, 6.423%, 1/31/33 (2)(5) | &nbsp;&nbsp;&nbsp;&nbsp;396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395 |
| Shift4 Payments, FRN, 3M TSFR + 2.00%, 5.652%, 7/3/32 | &nbsp;&nbsp;&nbsp;&nbsp;569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568 |
| Staples, FRN, 3M TSFR + 5.75%, 9.414%, 9/4/29 | &nbsp;&nbsp;&nbsp;&nbsp;262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234 |
| TK Elevator Midco, 1M TSFR + 2.75%, 4/30/30 (2)(5) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 |
| TK Elevator Midco GmbH, FRN, 6M TSFR + 2.75%, 6.377%, 4/30/30 | &nbsp;&nbsp;&nbsp;&nbsp;897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897 |
| UKG, FRN, 3M TSFR + 2.50%, 6.167%, 2/10/31 (2) | 7777 | &nbsp;&nbsp;&nbsp;7345 |
| Wash Multifamily Parent, FRN, 1M TSFR + 3.25%, 6.923%, 8/9/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759 |
|  |  | 38700 |
| **Supermarkets 0.6%** |  |  |
| BradyPlus Holdings, FRN, 3M TSFR + 3.50%, 7.190%, 12/29/32 (2) | 1080 | &nbsp;&nbsp;&nbsp;1070 |
| EG America, FRN, 1M TSFR + 3.25%, 6.923%, 2/10/31 (2) | 1896 | &nbsp;&nbsp;&nbsp;1892 |
|  |  | &nbsp;&nbsp;&nbsp;2962 |
| **Utilities 4.5%** |  |  |
| Cogentrix Finance Holdco I, FRN, 1M TSFR + 2.25%, 5.923%, 2/26/32 (2) | 2618 | &nbsp;&nbsp;&nbsp;2611 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Compass Power Generation, FRN, 1M TSFR + 3.25%, 6.923%, 4/14/29 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351 |
| Constellation Renewables, FRN, 3M TSFR + 2.00%, 5.673%, 12/15/27 (2) | 1463 | &nbsp;&nbsp;&nbsp;&nbsp;1464 |
| Cornerstone Generation, FRN, 3M TSFR + 2.25%, 5.917%, 8/11/32 (2) | 2708 | &nbsp;&nbsp;&nbsp;&nbsp;2711 |
| Hamilton Projects Acquiror, FRN, 1M TSFR + 2.50%, 6.173%, 5/30/31 (2) | 1277 | &nbsp;&nbsp;&nbsp;&nbsp;1280 |
| INNIO Group Holding GmbH, FRN, 3M TSFR + 2.00%, 5.660%, 11/2/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98 |
| MRP Buyer, FRN, 3M TSFR + 3.25%, 5.461%, 6/4/32 (3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74 |
| MRP Buyer, FRN, 3M TSFR + 3.25%, 6.922%, 6/4/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669 |
| Resilience Parent, FRN, 1M TSFR + 2.50%, 1/22/33 (2) | 4920 | &nbsp;&nbsp;&nbsp;&nbsp;4908 |
| Resilience Parent, FRN, 1M TSFR + 2.50%, 1/22/33 (2)(5) | 2865 | &nbsp;&nbsp;&nbsp;&nbsp;2836 |
| Talen Energy Supply, FRN, 3M TSFR + 2.00%, 5.672%, 11/25/32 (2) | 1968 | &nbsp;&nbsp;&nbsp;&nbsp;1971 |
| Talen Energy Supply, FRN, 3M TSFR + 2.50%, 6.153%, 5/17/30 (2) | 1702 | &nbsp;&nbsp;&nbsp;&nbsp;1706 |
| Talen Energy Supply, FRN, 3M TSFR + 2.50%, 6.153%, 12/15/31 (2) | 2630 | &nbsp;&nbsp;&nbsp;&nbsp;2634 |
| TerraForm Power Operating, FRN, 3M TSFR + 2.00%, 5.672%, 5/21/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970 |
|  |  | &nbsp;&nbsp;&nbsp;24283 |
| **Wireless Communications 0.9%** |  |  |
| Asurion, FRN, 1M TSFR + 4.25%, 8.023%, 8/19/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 |
| Asurion, FRN, 1M TSFR + 5.25%, 9.037%, 1/20/29 (2) | 2582 | &nbsp;&nbsp;&nbsp;&nbsp;2581 |
| Asurion, B-12, FRN, 1M TSFR + 4.25%, 7.923%, 9/19/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232 |
| Asurion, B-13, FRN, 1M TSFR + 4.25%, 7.923%, 9/19/30 (2) | 1967 | &nbsp;&nbsp;&nbsp;&nbsp;1960 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4794 |
| **Total Bank Loans<br> (Cost $475,616)** |  | **465827** |
| **CORPORATE BONDS 7.7%** | **CORPORATE BONDS 7.7%** | **CORPORATE BONDS 7.7%** |
| **Aerospace & Defense 0.1%** |  |  |
| TransDigm, 6.75%, 8/15/28 (6) | &nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448 |
| **Automotive 0.8%** |  |  |
| Ford Motor Credit, FRN, SOFR + 2.95%, 6.662%, 3/6/26 | &nbsp;&nbsp;&nbsp;&nbsp;410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410 |
| Rivian Holdings / Rivian / Rivian Automotive, 10.00%, 1/15/31 (6) | 4265 | &nbsp;&nbsp;&nbsp;&nbsp;4035 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4445 |
| **Broadcasting 1.0%** |  |  |
| Gray Media, 9.625%, 7/15/32 (6) | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649 |
| Gray Media, 10.50%, 7/15/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544 |
| Neptune Bidco, 9.29%, 4/15/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928 |
| Neptune Bidco, 10.375%, 5/15/31 (6) | 1860 | &nbsp;&nbsp;&nbsp;&nbsp;1878 |
| Neptune Bidco US, 9.50%, 2/15/33 (6) | &nbsp;&nbsp;&nbsp;&nbsp;570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558 |
| Univision Communications, 9.375%, 8/1/32 (6) | &nbsp;&nbsp;&nbsp;&nbsp;645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5239 |
| **Building Products 0.1%** |  |  |
| CP Atlas Buyer, 9.75%, 7/15/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630 |
| **Cable Operators 0.3%** |  |  |
| CSC Holdings, 11.25%, 5/15/28 (6) | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| DirecTV Financing, 10.00%, 2/15/31 (6) | 1050 | 1074 |
|  |  | 1866 |
| **Energy 0.3%** |  |  |
| Aethon III BR, Acquisition Date: 9/5/25, Cost $328, 10.41%, 1/10/27 (5)(7)(8) | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp;308 |
| NGL Energy Partners, 8.125%, 2/15/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp;114 |
| Venture Global LNG, VR, 9.00%, (6)(9)(10) | &nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp;385 |
| Venture Global LNG, 9.50%, 2/1/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;300 |
| Venture Global LNG, 9.875%, 2/1/32 (6) | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;185 |
| Venture Global Plaquemines LNG, 7.50%, 5/1/33 (6) | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp;322 |
|  |  | 1614 |
| **Entertainment & Leisure 0.0%** |  |  |
| Carnival, 7.00%, 8/15/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp;152 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;152 |
| **Financial 0.8%** |  |  |
| Acrisure / Acrisure Finance, 8.50%, 6/15/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp;535 |
| Alliant Holdings Intermediate / Alliant Holdings Co-Issuer, 6.75%, 4/15/28 (6) | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp;546 |
| Aretec Group, 10.00%, 8/15/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;258 | &nbsp;&nbsp;&nbsp;&nbsp;275 |
| Hightower Holding, 9.125%, 1/31/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp;581 |
| HUB International, 7.375%, 1/31/32 (6) | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;469 |
| Jones DesLauriers Insurance Management, 8.50%, 3/15/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;467 |
| Navient, 9.375%, 7/25/30 | &nbsp;&nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp;805 |
| Ryan Specialty Group, 4.375%, 2/1/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;&nbsp;156 |
| USI, 7.50%, 1/15/32 (6) | &nbsp;&nbsp;&nbsp;&nbsp;567 | &nbsp;&nbsp;&nbsp;&nbsp;582 |
|  |  | 4416 |
| **Health Care 0.7%** |  |  |
| 1261229 BC, 10.00%, 4/15/32 (6) | &nbsp;&nbsp;&nbsp;&nbsp;290 | &nbsp;&nbsp;&nbsp;&nbsp;301 |
| CHS / Community Health Systems, 10.875%, 1/15/32 (6) | &nbsp;&nbsp;&nbsp;&nbsp;739 | &nbsp;&nbsp;&nbsp;&nbsp;802 |
| LifePoint Health, 9.875%, 8/15/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;545 |
| LifePoint Health, 11.00%, 10/15/30 (6) | 1995 | 2168 |
|  |  | 3816 |
| **Information Technology 0.9%** |  |  |
| Cloud Software Group, 8.25%, 6/30/32 (6) | &nbsp;&nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp;671 |
| Cloud Software Group, 9.00%, 9/30/29 (6) | 3300 | 3216 |
| X.AI / X.AI Co Issuer, 12.50%, 6/30/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;960 | 1093 |
|  |  | 4980 |
| **Metals & Mining 0.1%** |  |  |
| Arsenal AIC Parent, 11.50%, 10/1/31 (6) | &nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;430 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;430 |
| **Other Telecommunications 0.5%** |  |  |
| Level 3 Financing, 3.75%, 7/15/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp;107 |
| Level 3 Financing, 6.875%, 6/30/33 (6) | &nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;404 |
| Level 3 Financing, 7.00%, 3/31/34 (6) | 1130 | 1174 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| WULF Compute, 7.75%, 10/15/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741 |
|  |  | &nbsp;&nbsp;&nbsp;2426 |
| **Printing & Publishing 0.2%** |  |  |
| Getty Images, 10.50%, 11/15/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747 |
| Getty Images, 11.25%, 2/21/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425 |
|  |  | &nbsp;&nbsp;&nbsp;1172 |
| **Real Estate Investment Trust Securities 0.1%** |  |  |
| Service Properties Trust, 0.000%, 9/30/28 (6) | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324 |
| Service Properties Trust, 8.625%, 11/15/31 (6) | &nbsp;&nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450 |
| **Retail 0.1%** |  |  |
| Men's Wearhouse, 9.00%, 2/1/31 (6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52 |
| Petco Health & Wellness, 8.25%, 2/1/31 (6) | &nbsp;&nbsp;&nbsp;&nbsp;570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608 |
| **Services 0.3%** |  |  |
| Allied Universal Holdco, 7.875%, 2/15/31 (6) | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375 |
| Sabre Financial Borrower, 11.125%, 6/15/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602 |
| Sabre GLBL, 10.75%, 11/15/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 |
| UKG, 6.875%, 2/1/31 (6) | &nbsp;&nbsp;&nbsp;&nbsp;415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403 |
|  |  | &nbsp;&nbsp;&nbsp;1405 |
| **Supermarkets 0.2%** |  |  |
| eG Global Finance, 12.00%, 11/30/28 (6) | &nbsp;&nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925 |
| **Telephones 0.0%** |  |  |
| Verizon Communications, FRN, SOFRINDX + 0.79%, 4.48%, 3/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184 |
| **Utilities 0.6%** |  |  |
| NRG Energy, VR, 10.25%, (6)(9)(10) | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585 |
| Talen Energy Supply, 8.625%, 6/1/30 (6) | &nbsp;&nbsp;&nbsp;&nbsp;885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;931 |
| Vistra, VR, 8.00%, (6)(9)(10) | &nbsp;&nbsp;&nbsp;&nbsp;231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235 |
| Vistra, VR, 8.875%, (6)(9)(10) | 1090 | &nbsp;&nbsp;&nbsp;1202 |
|  |  | &nbsp;&nbsp;&nbsp;2953 |
| **Wireless Communications 0.6%** |  |  |
| Asurion and Asurion Co-Issuer, 8.00%, 12/31/32 (6) | 1090 | &nbsp;&nbsp;&nbsp;1147 |
| Asurion and Asurion Co-Issuer, 8.375%, 2/1/34 (6) | 1845 | &nbsp;&nbsp;&nbsp;1834 |
|  |  | &nbsp;&nbsp;&nbsp;2981 |
| **Total Corporate Bonds<br> (Cost $41,514)** |  | **41140** |
| **PREFERRED STOCKS 0.2%** | **PREFERRED STOCKS 0.2%** | **PREFERRED STOCKS 0.2%** |
| **Financial 0.2%** |  |  |
| AH Parent, Series A, Acquisition Date: 9/27/24, Cost $246 (5)(8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346 |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Navacord, Class A, Acquisition Date: 2/4/26, Cost $498 (CAD) (5)(7)(8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844 |
| **Total Preferred Stocks<br> (Cost $853)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**844** |
| **SHORT-TERM INVESTMENTS 20.0%** | **SHORT-TERM INVESTMENTS 20.0%** | **SHORT-TERM INVESTMENTS 20.0%** |
| **Money Market Funds 20.0%** |  |  |
| T. Rowe Price Government Reserve Fund, 3.73% (11)(12) | 107176 | &nbsp;&nbsp;&nbsp;107176 |
| **Total Short-Term Investments<br> (Cost $107,176)** |  | &nbsp;&nbsp;&nbsp;**107176** |
| **Total Investments in Securities<br> 115.0% of Net Assets (Cost $625,159)** |  | **$614987** |
| **Other Assets Less Liabilities (15.0%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**(80364)** |
| **Net Assets 100.0%** |  | **$534623** |

---

‡ Par/Shares and Notional Amount are denominated in U.S. dollars unless otherwise noted.

(1) Bank loan positions may involve multiple underlying tranches. In those instances, the position presented reflects the aggregate of those respective underlying tranches and the rate
presented reflects the weighted average rate of the settled positions.

(2) All or a portion of this loan is unsettled as of February 28, 2026. The interest rate for unsettled loans will be determined upon settlement after period end.

(3) All or a portion of the position represents an unfunded commitment; a liability to fund the commitment has been recognized. The fund's total unfunded commitments at February 28,
2026, was $599 and was valued at $590 (0.0% of net assets).

(4) Security has the ability to pay in-kind or pay in cash. When applicable, separate rates of such payments are disclosed.

(5) See Note 1. Level 3 in fair value hierarchy.

(6) Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be resold in transactions exempt from registration only to qualified institutional buyers. Total
value of such securities at period-end amounts to $39,433 and represents 7.4% of net assets.

(7) Non-income producing

(8) Security cannot be offered for public resale without first being registered under the Securities Act of 1933 and related rules ("restricted security"). Acquisition date
represents the day on which an enforceable right to acquire such security is obtained and is presented along with related cost in the security description. The fund may have registration rights for certain
restricted securities. Any costs related to such registration are generally borne by the issuer. The aggregate value of restricted securities (excluding 144A holdings) at period-end amounts to $1,152 and
represents 0.2% of net assets.

(9) Security is a fix-to-float security, which carries a fixed coupon until a certain date, upon which it switches to a floating rate. Reference rate and spread are provided if the rate
is currently floating.

(10) Perpetual security with no stated maturity date.

(11) Seven-day yield

(12) Affiliated Companies

---

| | |
|:---|:---|
| 1M TSFR | One month term SOFR (Secured overnight financing rate) |
| 3M TSFR | Three month term SOFR (Secured overnight financing rate) |
| 3M EURIBOR | Three month EURIBOR (Euro interbank offered rate) |
| 6M TSFR | Six month term SOFR (Secured overnight financing rate) |
| 12M TSFR | Twelve month term SOFR (Secured overnight financing rate) |
| CAD | Canadian Dollar |
| EUR | Euro |
| FRN | Floating Rate Note |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

---

| | |
|:---|:---|
| PIK | Payment-in-kind |
| SOFR | Secured overnight financing rate |
| SOFRINDX | SOFR (Secured overnight financing rate) Index |
| USD | U.S. Dollar |
| VR | Variable Rate; rate shown is effective rate at period-end. The rates for certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and based on current market conditions. |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

(Amounts in 000s)

**SWAPS 0.0%** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Notional<br> Amount** | **$ Value** | **Upfront<br> Payments/<br> $(Receipts)** | **Unrealized<br> $ Gain/(Loss)** |
| **BILATERAL SWAPS 0.0%** | **BILATERAL SWAPS 0.0%** | **BILATERAL SWAPS 0.0%** | **BILATERAL SWAPS 0.0%** | **BILATERAL SWAPS 0.0%** |
| **Credit Default Swaps, Protection Sold 0.0%** | **Credit Default Swaps, Protection Sold 0.0%** | **Credit Default Swaps, Protection Sold 0.0%** | **Credit Default Swaps, Protection Sold 0.0%** | **Credit Default Swaps, Protection Sold 0.0%** |
| Goldman Sachs, Protection Sold (Relevant Credit: Carvana Co. Caa1\*), Receive 5.00% Quarterly, Pay upon credit default, 12/20/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| JP Morgan, Protection Sold (Relevant Credit: Carvana Co., Caa1\*), Receive 5.00% Quarterly, Pay upon credit default, 12/20/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| **Total Bilateral Credit Default Swaps, Protection Sold** | **Total Bilateral Credit Default Swaps, Protection Sold** |  | &nbsp;&nbsp;&nbsp;**4** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2** |
| **Total Return Swaps 0.0%** | **Total Return Swaps 0.0%** | **Total Return Swaps 0.0%** | **Total Return Swaps 0.0%** | **Total Return Swaps 0.0%** |
| JP Morgan, Receive Underlying Reference: iBoxx USD Liquid Leveraged Loans Total Return Index At Maturity, Pay Variable 3.68% (SOFR + 0.00%) Quarterly, 3/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;7 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| JP Morgan, Receive Underlying Reference: iBoxx USD Liquid Leveraged Loans Total Return Index At Maturity, Pay Variable 3.68% (SOFR + 0.00%) Quarterly, 3/20/26 | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;(4) |  | &nbsp;&nbsp;&nbsp;&nbsp;(4) |
| JP Morgan, Receive Underlying Reference: iBoxx USD Liquid Leveraged Loans Total Return Index At Maturity, Pay Variable 3.68% (SOFR + 0.00%) Quarterly, 3/20/26 | 2600 | (73) |  | &nbsp;&nbsp;&nbsp;(73) |
| JP Morgan, Receive Underlying Reference: iBoxx USD Liquid Leveraged Loans Total Return Index At Maturity, Pay Variable 3.68% (SOFR + 0.00%) Quarterly, 6/20/26 | 2200 | (63) |  | &nbsp;&nbsp;&nbsp;(63) |
| **Total Bilateral Total Return Swaps** | **Total Bilateral Total Return Swaps** |  | **—** | **(133)** |
| **Total Bilateral Swaps** | **Total Bilateral Swaps** |  | &nbsp;&nbsp;&nbsp;**4** | **(131)** |

---

\* Credit ratings as of February 28, 2026. Ratings shown are from Moody's Investors Service and if Moody's does not rate a security, then Standard & Poor's (S&P) is used. Fitch is used for securities that are not rated by either Moody's or S&P.

------

T. ROWE PRICE FLOATING RATE ETF

------

(Amounts in 000s)

**FORWARD CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement** | **Receive** |  | **Deliver** |  | **Unrealized<br> Gain/(Loss)** |
| Morgan Stanley | 5/22/26 | USD | 284 | EUR | 239 | $— |
| Morgan Stanley | 5/22/26 | USD | 284 | EUR | 238 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Morgan Stanley | 5/22/26 | USD | 284 | EUR | 239 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Morgan Stanley | 5/22/26 | USD | 284 | EUR | 239 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| State Street | 4/24/26 | USD | 501 | CAD | 678 | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **$6** |

---

------

T. ROWE PRICE FLOATING RATE ETF

------

#### AFFILIATED COMPANIES
($000s)

The fund may invest in certain securities that are considered affiliated companies. As defined by the 1940 Act, an affiliated company is one in which the fund owns 5% or more of the outstanding voting securities, or a company that is under common ownership or control. The following securities were considered affiliated companies for all or some portion of the nine months ended February 28, 2026. Net realized gain (loss), investment income, change in net unrealized gain/loss, and purchase and sales cost reflect all activity for the period then ended.

---

| | | | |
|:---|:---|:---|:---|
| **Affiliate** | **Net Realized Gain<br> (Loss)** | **Changes in Net<br> Unrealized<br> Gain/Loss** | **Investment<br> Income** |
| T. Rowe Price Government Reserve Fund | &nbsp;&nbsp;$— | $— | &nbsp;&nbsp;$1270 |
| Totals | $—# | $— | $1,270+ |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Supplementary Investment Schedule** | **Supplementary Investment Schedule** | **Supplementary Investment Schedule** | **Supplementary Investment Schedule** | **Supplementary Investment Schedule** |
| **Affiliate** | **Value<br> 5/31/25** | **Purchase<br> Cost** | **Sales<br> Cost** | **Value<br> 2/28/26** |
| T. Rowe Price Government Reserve Fund | $29322 | ¤ | ¤ | &nbsp;&nbsp;$107176 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total |  |  | $107,176^ |

---

---

| |
|:---|
| Capital gain distributions from underlying Price funds represented $0 of the net realized gain (loss). |
| Investment income comprised $1,270 of dividend income and $0 of interest income. |
| Purchase and sale information not shown for cash management funds. |
| The cost basis of investments in affiliated companies was $107,176. |

---

The accompanying notes are an integral part of this Portfolio of Investments.

------

T. ROWE PRICE FLOATING RATE ETF

------

Unaudited

#### NOTES TO PORTFOLIO OF INVESTMENTS

------

T. Rowe Price Exchange-Traded Funds, Inc. (the corporation) is registered under the Investment Company Act of 1940 (the 1940 Act). The Floating Rate ETF (the fund) is an open-end management investment company established by the corporation and follows accounting and reporting guidance of the Financial Accounting Standards Board *Accounting Standards Codification* Topic 946. The accompanying Portfolio of Investments was prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). For additional information on the fund's significant accounting policies and investment related disclosures, please refer to the fund's most recent semiannual or annual shareholder report and its prospectus.

#### VALUATION

#### Fair Value
The fund's financial instruments are valued at the close of the New York Stock Exchange (NYSE), normally 4 p.m. Eastern Time, each day the NYSE is open for business, and are reported at fair value, which GAAP defines as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fund's Board of Directors (the Board) has designated T. Rowe Price Associates, Inc. as the fund's valuation designee (Valuation Designee). Subject to oversight by the Board, the Valuation Designee performs the following functions in performing fair value determinations: assesses and manages valuation risks; establishes and applies fair value methodologies; tests fair value methodologies; and evaluates pricing vendors and pricing agents. The duties and responsibilities of the Valuation Designee are performed by its Valuation Committee. The Valuation Designee provides periodic reporting to the Board on valuation matters.

Various valuation techniques and inputs are used to determine the fair value of financial instruments. GAAP establishes the following fair value hierarchy that categorizes the inputs used to measure fair value:

Level 1 – quoted prices (unadjusted) in active markets for identical financial instruments that the fund can access at the reporting date

Level 2 – inputs other than Level 1 quoted prices that are observable, either directly or indirectly (including, but not limited to, quoted prices for similar financial instruments in active markets, quoted prices for identical or similar financial instruments in inactive markets, interest rates and yield curves, implied volatilities, and credit spreads)

Level 3 – unobservable inputs (including the Valuation Designee's assumptions in determining fair value)

Observable inputs are developed using market data, such as publicly available information about actual events or transactions, and reflect the assumptions that market participants would use to price the financial instrument. Unobservable inputs are those for which market data are not available and are developed using the best information available about the assumptions that market participants would use to price the financial instrument. GAAP requires valuation techniques to maximize the use of relevant observable inputs and minimize the use of unobservable inputs. When multiple inputs are used to derive fair value, the financial instrument is assigned to the level within the fair value hierarchy based on the lowest-level input that is significant to the fair value of the financial instrument. Input levels are not necessarily an indication of the risk or liquidity associated with financial instruments at that level but rather the degree of judgment used in determining those values.

#### Valuation Techniques
Debt securities are generally traded in the over-the-counter (OTC) market and are valued at prices furnished by independent pricing services or by broker dealers who make markets in such securities. When valuing securities, the independent pricing services consider factors such as, but not limited to, the yield or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities.

------

T. ROWE PRICE FLOATING RATE ETF

------

Equity securities, including exchange-traded funds, listed or regularly traded on a securities exchange or in the over-the-counter (OTC) market are valued at the last quoted sale price or, for certain markets, the official closing price at the time the valuations are made. OTC Bulletin Board securities are valued at the mean of the closing bid and asked prices. A security that is listed or traded on more than one exchange is valued at the quotation on the exchange determined to be the primary market for such security. Listed securities not traded on a particular day are valued at the mean of the closing bid and asked prices for domestic securities.

Investments denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate, using the mean of the bid and asked prices of such currencies against U.S. dollars as provided by an outside pricing service.

Investments in mutual funds are valued at the mutual fund's closing NAV per share on the day of valuation. Swaps are valued at prices furnished by an independent pricing service or independent swap dealers. Forward currency exchange contracts are valued using the prevailing forward exchange rate.

Investments for which market quotations are not readily available or deemed unreliable are valued at fair value as determined in good faith by the Valuation Designee. The Valuation Designee has adopted methodologies for determining the fair value of investments for which market quotations are not readily available or deemed unreliable, including the use of other pricing sources. Factors used in determining fair value vary by type of investment and may include market or investment specific considerations. The Valuation Designee typically will afford the greatest weight to actual prices in arm's length transactions, to the extent they represent orderly transactions between market participants, transaction information can be reliably obtained, and prices are deemed representative of fair value. However, the Valuation Designee may also consider other valuation methods such as market-based valuation multiples; a discount or premium from market value of a similar, freely traded security of the same issuer; discounted cash flows; yield to maturity; or some combination. Fair value determinations are reviewed on a regular basis. Because any fair value determination involves a significant amount of judgment, there is a degree of subjectivity inherent in such pricing decisions. Fair value prices determined by the Valuation Designee could differ from those of other market participants, and it is possible that the fair value determined for a security may be materially different from the value that could be realized upon the sale of that security.

#### Valuation Inputs
The following table summarizes the fund's financial instruments, based on the inputs used to determine their fair values on February 28, 2026 (for further detail by category, please refer to the accompanying Portfolio of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($000s) | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total Value** |
| **Assets** |  |  |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$40832 | &nbsp;&nbsp;&nbsp;&nbsp;$308 | &nbsp;&nbsp;$41140 |
| Bank Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;441127 | &nbsp;&nbsp;&nbsp;&nbsp;24700 | &nbsp;&nbsp;&nbsp;&nbsp;465827 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;107176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;107176 |
| Total | &nbsp;&nbsp;&nbsp;&nbsp;107176 | &nbsp;&nbsp;&nbsp;&nbsp;481959 | &nbsp;&nbsp;&nbsp;&nbsp;25852 | &nbsp;&nbsp;&nbsp;&nbsp;614987 |
| Swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 |
| Forward Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 |
| Total | &nbsp;&nbsp;$107176 | &nbsp;&nbsp;$481978 | &nbsp;&nbsp;$25852 | &nbsp;&nbsp;$615006 |
| **Liabilities** |  |  |  |  |
| Swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$140 |

---

Following is a reconciliation of the fund's Level 3 holdings for the period ended February 28, 2026. Gain (loss) reflects both realized and change in unrealized gain/loss on Level 3 holdings during the period, if any. The change in unrealized gain/loss on Level 3 instruments held at February 28, 2026, totaled $200,000 for the period

------

T. ROWE PRICE FLOATING RATE ETF

------

ended February 28, 2026. During the period, transfers into level 3 resulted from a lack of observable market data for the security and transfers out of level 3 were because observable market data became available for the security.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| ($000s) | &nbsp;&nbsp;**Beginning<br> Balance<br> 5/31/25** | &nbsp;&nbsp;**Gain<br> (Loss)<br> During<br> Period** | &nbsp;&nbsp;**Total<br> Purchases** | &nbsp;&nbsp;**Total<br> Sales** | &nbsp;&nbsp;**Transfer Into Level 3** | &nbsp;&nbsp;**Transfer Out of Level 3** | &nbsp;&nbsp;**Ending<br> Balance<br> 2/28/26** |
| Investment in Securities |  |  |  |  |  |  |  |
| Bank Loans | &nbsp;&nbsp;$10861 | &nbsp;&nbsp;$(235) | &nbsp;&nbsp;$31629 | &nbsp;&nbsp;$(10864) | &nbsp;&nbsp;$2184 | &nbsp;&nbsp;$(6039) | &nbsp;&nbsp;$24700 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308 |
| Total | &nbsp;&nbsp;$11221 | &nbsp;&nbsp;$(249) | &nbsp;&nbsp;$32435 | &nbsp;&nbsp;$(10864) | &nbsp;&nbsp;$2184 | &nbsp;&nbsp;$(6039) | &nbsp;&nbsp;$25852 |

---

The fund's Level 3 investments have been valued using unadjusted inputs that have not been internally developed by the fund, including third-party transactions and indicative broker quotations. As a result, there were no unobservable inputs that have been internally developed by the fund in determining the fair value of investments as of February 28, 2026.

#### OTHER MATTERS
Unpredictable environmental, political, social and economic events, including but not limited to, environmental or natural disasters, war and conflict, terrorism, geopolitical and regulatory developments (including trading and tariff arrangements), and public health epidemics or threats, may significantly affect the economy and the markets and issuers in which a fund invests. The extent and duration of such events and resulting market disruptions cannot be predicted. These and other similar events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others, and exacerbate other pre-existing political, social, and economic risks. The fund's performance could be negatively impacted if the value of a portfolio holding were harmed by these or such events.

#### ETF1047-054Q3

#### 02/26

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** T. Rowe Price Exchange-Traded Funds, Inc.

- **b. Investment Company Act file number:** 811-23494

- **c. CIK number of Registrant:** 0001795351

- **d. LEI of Registrant:** 549300XZPUK24E1UMH17

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

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

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

- **a. Name of Series:** T. Rowe Price Floating Rate ETF

- **b. EDGAR series identifier (if any):** S000077050

- **c. LEI of Series:** 5493005Y3VRUR59CUG92

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $621487603.78

**Total Liabilities:** $81845487.44

**Net Assets:** $539642116.34

**Cash Not Reported:** $1051161.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7.946479 | **1-Year:** -64.801269 | **5-Year:** -2168.814440 | **10-Year:** -57.965692 | **30-Year:** 0.000000

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

- **3-Month:** -211.941699 | **1-Year:** -17122.042271 | **5-Year:** -149086.855489 | **10-Year:** -38690.707195 | **30-Year:** -395.342855

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237190 | 0.77%                | -0.09%               | -0.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-48239.87               | $1135776.41                                |
| Month 2  | $-72194.12               | $-3055992.76                               |
| Month 3  | $-273921.82              | $-6575081.64                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 1261229 BC LTD 144A                               | 1261229 BC LTD SR SECURED 144A 04/32 10                                                                                     | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    290000 | PA      | $301262.50    | 0.06%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| 1440 FOODS TL B 1L BANKDEBT                       | 1440 FOOD TOPCO LLC TERM LOAN B                                                                                             | CUSIP: 68239HAB8<br>LEI: 25490024DAA5SE6DQ846 | Long             | LON              | CORP              | US        |    317105 | PA      | $285394.80    | 0.05%             | 2031-10-31      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| TAYLOR MADE GOLF TL B 1L BANKDEBT                 | 19TH HOLDINGS GOLF LLC 2022 TERM LOAN B                                                                                     | CUSIP: 68250XAB7<br>LEI: 549300INS30LLUJP0S18 | Long             | LON              | CORP              | US        |   1345554 | PA      | $1339673.56   | 0.25%             | 2029-02-07      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| ABG INTERMEDIATE HLDGS TL B1 1L BANKDEBT          | ABG INTERMEDIATE HOLDS 2 LLC 2024 1ST LIEN TERM LOAN B                                                                      | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |    631233 | PA      | $628865.72    | 0.12%             | 2028-12-21      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC 144A                       | ACRISURE LLC / FIN INC SR UNSECURED 144A 06/29 8.5                                                                          | CUSIP: 00489LAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535000 | PA      | $534573.65    | 0.10%             | 2029-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC TL B6 1L BANKDEBT                    | ACRISURE LLC 2024 1ST LIEN TERM LOAN B6                                                                                     | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   3512696 | PA      | $3395898.63   | 0.63%             | 2030-11-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC TL B 1L BANKDEBT                     | ACRISURE LLC 2025 TERM LOAN B                                                                                               | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   2226799 | PA      | $2158146.47   | 0.40%             | 2032-06-21      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| N/A                                               | AETHON III SR 2L PP TC51KOPW5                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $307675.00    | 0.06%             | 2027-01-10      | Fixed         | 10.41%                | No            |                  3 | On Loan: No      |
| N/A                                               | AH PARENT, INC. SERIES A TC3I9NQ04                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       360 | NS      | $346104.00    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                               | ALBEA BEAUTY HOLDINGS S A 2023 EUR TERM LOAN B2                                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |     60000 | PA      | $65357.61     | 0.01%             | 2027-12-31      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| AGGREKO TL B 1L BANKDEBT                          | ALBION FINANCING 3 SARL 2025 USD TERM LOAN                                                                                  | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | LU        |   2880293 | PA      | $2878507.12   | 0.53%             | 2031-05-21      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| ALERA TL B 2L BANKDEBT                            | ALERA GROUP INC 2025 2ND LIEN TERM LOAN                                                                                     | CUSIP: 01451PAD8<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |   5750000 | PA      | $5624247.50   | 1.04%             | 2033-05-30      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| ALERA GROUP INC TL B 1L USD BANKDEBT              | ALERA GROUP INC 2026 TERM LOAN B                                                                                            | CUSIP: 01451PAE6<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |   3817562 | PA      | $3626149.92   | 0.67%             | 2032-05-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ALLIANCE LAUNDRY SYSTEMS TL B 1L USD BANKDEBT     | ALLIANCE LAUNDRY SYSTEMS LLC 2024 TERM LOAN B                                                                               | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |    360783 | PA      | $360368.24    | 0.07%             | 2031-08-19      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER 144A                     | ALLIANT HOLD / CO ISSUER SR SECURED 144A 04/28 6.75                                                                         | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $545849.13    | 0.10%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDI TL B 1L USD BANKDEBT   | ALLIANT HOLDNGS INTRMDIATE LLC 2025 TERM LOAN B                                                                             | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   3207036 | PA      | $3129073.39   | 0.58%             | 2031-09-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL TL B 1L BANKDEBT                 | ALLIED UNIVERSAL HOLDCO LLC 2025 USD TERM LOAN B                                                                            | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   6951575 | PA      | $6947265.02   | 1.29%             | 2032-08-20      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO 144A                      | ALLIED UNIVERSAL HOLDCO SR SECURED 144A 02/31 7.875                                                                         | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    355000 | PA      | $375035.41    | 0.07%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC TL B 1L USD BANKDEBT         | ALPHA GENERATION LLC TERM LOAN B                                                                                            | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |   2901655 | PA      | $2889874.56   | 0.54%             | 2031-09-30      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BROOKS AUTOMATION TL 1L BANKDEBT                  | ALTAR BIDCO  INC. 2021 TERM LOAN                                                                                            | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    825000 | PA      | $819018.75    | 0.15%             | 2029-02-01      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT INC TL 1L BANKDEBT              | AMC ENTERTAINMENT HLDINGS INC 2024 TERM LOAN                                                                                | CUSIP: 00164CAD7<br>LEI: 549300ZO77UNR6NRBR11 | Long             | LON              | CORP              | US        |   2782695 | PA      | $2723061.61   | 0.50%             | 2029-01-04      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| AADVANTAGE TL B 1L BANKDEBT                       | AMERICAN AIRLINES INC 2025 TERM LOAN                                                                                        | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2881434 | PA      | $2875238.54   | 0.53%             | 2028-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC TL C 1L BANKDEBT          | AMERICAN AXLE AND MANUFAC INC 2025 INCREMENTAL TERM LOAN C                                                                  | CUSIP: 02406MBB2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |    785000 | PA      | $780588.30    | 0.14%             | 2033-02-03      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC TL B 1L USD BANKDEBT   | AMNEAL PHARMACEUTICALS LLC 2026 REPRICED TERM LOAN                                                                          | CUSIP: 03167DAS3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    344275 | PA      | $344130.40    | 0.06%             | 2032-08-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ANTICIMEX GLOBAL AB TL B8 1L USD BANKDEBT         | ANTICIMEX INTERNATIONAL AB 2025 USD TERM LOAN                                                                               | CUSIP: 03703HAD8<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |    898234 | PA      | $898799.62    | 0.17%             | 2031-11-17      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| APOLLO COMMERCIAL RE TL B 1L BANKDEBT             | APOLLO COM REAL ESTATE FIN INC 2025 TERM LOAN B                                                                             | CUSIP: 03768DAE7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | LON              | CORP              | US        |    472625 | PA      | $472180.73    | 0.09%             | 2030-06-13      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC TL B2 1L USD BANKDEBT         | APPLIED SYSTEMS INC 2024 1ST LIEN TERM LOAN                                                                                 | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |   6002499 | PA      | $5874105.57   | 1.09%             | 2031-02-24      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC TL 2L BANKDEBT                | APPLIED SYSTEMS INC 2024 2ND LIEN TERM LOAN                                                                                 | CUSIP: 03827FBC4<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |   2135214 | PA      | $2100516.94   | 0.39%             | 2032-02-23      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CETERA TL 1L BANKDEBT                             | ARETEC GROUP INC 2025 REPRICED TERM LOAN                                                                                    | CUSIP: 04009DAJ3<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |    955000 | PA      | $920514.95    | 0.17%             | 2030-08-09      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER 2 144A                       | ARETEC GROUP INC SR SECURED 144A 08/30 10                                                                                   | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    258000 | PA      | $274790.39    | 0.05%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                               | ARGENT FINCO LLC TERM LOAN B                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1320000 | PA      | $1324131.60   | 0.25%             | 2032-11-22      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC TL B 1L USD BANKDEBT       | ARSENAL AIC PARENT LLC 2025 TERM LOAN B                                                                                     | CUSIP: 04287KAG6<br>LEI: 254900G9F9HA5EP57J39 | Long             | LON              | CORP              | US        |   1064249 | PA      | $1064248.73   | 0.20%             | 2030-08-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC 144A                       | ARSENAL AIC PARENT LLC UNSECURED 144A 10/31 11.5                                                                            | CUSIP: 04288BAC4<br>LEI: 254900G9F9HA5EP57J39 | Long             | DBT              | CORP              | US        |    390000 | PA      | $429985.92    | 0.08%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| ASCEND LEARNING TL B 1L BANKDEBT                  | ASCEND LEARNING LLC 2025 REPRICED TERM LOAN B                                                                               | CUSIP: 04349HAN4<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |   1857835 | PA      | $1764943.16   | 0.33%             | 2028-12-11      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ASURION TL B11 1L BANKDEBT                        | ASURION CORPORATION 2023 TERM LOAN B11                                                                                      | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     20980 | PA      | $20960.71     | 0.00%             | 2028-08-19      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| ASURION TL B4 2L BANKDEBT                         | ASURION LLC 2021 SECOND LIEN TERM LOAN B4                                                                                   | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   2582178 | PA      | $2580576.85   | 0.48%             | 2029-01-20      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| ASURION TL B10 1L BANKDEBT                        | ASURION LLC 2022 TERM LOAN B10                                                                                              | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    788533 | PA      | $787546.89    | 0.15%             | 2028-08-19      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| ASURION TL B12 1L BANKDEBT                        | ASURION LLC 2024 TERM LOAN B12                                                                                              | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    232500 | PA      | $231802.50    | 0.04%             | 2030-09-19      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ASURION LLC TL B13 1L BANKDEBT                    | ASURION LLC 2025 TERM LOAN B13                                                                                              | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1966526 | PA      | $1960134.64   | 0.36%             | 2030-09-19      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO 144A                       | ASURION LLC/ASURION CO SR SECURED 144A 02/34 8.375                                                                          | CUSIP: 045941AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1845000 | PA      | $1834079.02   | 0.34%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO 144A                       | ASURION LLC/ASURION CO SR SECURED 144A 12/32 8                                                                              | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1146743.29   | 0.21%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH TL B 1L BANKDEBT                     | ATHENAHEALTH INC 2022 TERM LOAN B                                                                                           | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   3012070 | PA      | $2929237.61   | 0.54%             | 2029-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| AUTOKINITON TL B 1L BANKDEBT                      | AUTOKINITON US HOLDINGS, INC. 2024 TERM LOAN B                                                                              | CUSIP: 05278HAC0<br>LEI: 254900EHNKMJ1OSEZL85 | Long             | LON              | CORP              | US        |   4653329 | PA      | $4632575.55   | 0.86%             | 2028-04-06      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| AVALARA TL B 1L BANKDEBT                          | AVALARA INC 2025 TERM LOAN                                                                                                  | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |   3070031 | PA      | $2843063.32   | 0.53%             | 2032-03-26      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP TL B 1L BANKDEBT               | BAUSCH + LOMB CORPORATION 2025 REPRICED TERM LOAN                                                                           | CUSIP: BL5355179<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   2344210 | PA      | $2343037.63   | 0.43%             | 2031-01-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH TL B 1L BANKDEBT                    | BAUSCH HEALTH COMPANIES INC 2025 TERM LOAN B                                                                                | CUSIP: 91911K9L8<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   2325649 | PA      | $2262344.52   | 0.42%             | 2030-10-08      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| ENVESTNET TL B 1L USD BANKDEBT                    | BCPE PEQUOD BUYER INC USD TERM LOAN B                                                                                       | CUSIP: 05624AAB8<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |   2694997 | PA      | $2602370.25   | 0.48%             | 2031-11-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC TL B 1L USD BANKDEBT      | BELRON FINANCE 2019 LLC 2026 REPRICED TERM LOAN B                                                                           | CUSIP: 08078UAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1621246 | PA      | $1620564.88   | 0.30%             | 2031-10-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| BETTCHER TL 1L BANKDEBT                           | BETTCHER INDUSTRIES INC TERM LOAN                                                                                           | CUSIP: 59010LAB3<br>LEI: 2549008CJ699WXZAWW31 | Long             | LON              | CORP              | US        |   1111349 | PA      | $1116560.88   | 0.21%             | 2028-12-14      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR TL B9 1L USD BANKDEBT      | BLACKSTONE MORTGAGE TRUST INC 2026 REPRICED TERM LOAN                                                                       | CUSIP: 09259GAL7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              | CORP              | US        |    460725 | PA      | $459573.44    | 0.09%             | 2030-12-10      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ONTIC TL B 1L USD BANKDEBT                        | BLERIOT US BIDCO INC. 2023 TERM LOAN B                                                                                      | CUSIP: 09353TAJ9<br>LEI: 254900ALCQ2A2VYD5Z08 | Long             | LON              | CORP              | US        |   1888035 | PA      | $1887354.87   | 0.35%             | 2030-10-31      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP TL B 1L BANKDEBT                      | BOOTS GROUP BIDCO LTD USD TERM LOAN                                                                                         | CUSIP: 09947PAB7<br>LEI: 254900YVLYOVF1PF1N93 | Long             | LON              | CORP              | GB        |   1700000 | PA      | $1700714.00   | 0.32%             | 2032-08-30      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| BRADYPLUS HOLDINGS LLC TL B 1L BANKDEBT           | BRADYPLUS HOLDINGS LLC 2025 TERM LOAN B                                                                                     | CUSIP: 10480UAD3<br>LEI: 254900LMURL5G873DV35 | Long             | LON              | CORP              | US        |   1080000 | PA      | $1069880.40   | 0.20%             | 2032-12-29      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| BRAZOS DELAWARE II LLC TL B 1L USD BANKDEBT       | BRAZOS DELAWARE II LLC 2025 REPRICED TERM LOAN B                                                                            | CUSIP: 10620UAM4<br>LEI: 549300V1BTYXZRGYUU04 | Long             | LON              | CORP              | US        |    678309 | PA      | $679156.61    | 0.13%             | 2030-02-11      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| SIGNATURE AVIATION TL B2 1L BANKDEBT              | BROWN GROUP HOLDING, LLC 2022 TERM LOAN B2                                                                                  | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |   3848173 | PA      | $3853714.10   | 0.71%             | 2031-07-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| BAY CLUB TL B 1L BANKDEBT                         | BULLDOG PURCHASER INC 2026 TERM LOAN                                                                                        | CUSIP: 12021GAH7<br>LEI: 254900JB2GC3Q5OISZ63 | Long             | LON              | CORP              | US        |    905000 | PA      | $902176.40    | 0.17%             | 2033-02-07      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC TL B4 1L BANKDEBT                   | CABLE ONE INC 2021 TERM LOAN B4                                                                                             | CUSIP: 12685LAG5<br>LEI: 549300648QS85T0XSH18 | Long             | LON              | CORP              | US        |    363385 | PA      | $342149.18    | 0.06%             | 2028-05-03      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT TL B 1L BANKDEBT            | CAESARS ENTERTAINMENT CORP TERM LOAN B                                                                                      | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   1365359 | PA      | $1354271.91   | 0.25%             | 2030-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT TL B 1L BANKDEBT            | CAESARS ENTERTAINMENT INC. 2024 TERM LOAN B1                                                                                | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   1601551 | PA      | $1584734.50   | 0.29%             | 2031-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP 144A                                | CARNIVAL CORP SR SECURED 144A 08/29 7                                                                                       | CUSIP: 143658BW1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    145000 | PA      | $151749.17    | 0.03%             | 2029-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CELSIUS HOLDINGS INC TL B 1L BANKDEBT             | CELSIUS HOLDINGS INC 2025 TERM LOAN B                                                                                       | CUSIP: 15118XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    781929 | PA      | $785643.33    | 0.15%             | 2032-04-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT INC TL B 1L BANKDEBT               | CENTRAL PARENT INC 2024 TERM LOAN B                                                                                         | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    525600 | PA      | $328500.06    | 0.06%             | 2029-07-06      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| N/A                                               | CEVA SANTE ANIMALE 2025 USD TERM LOAN B                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    246885 | PA      | $247193.57    | 0.05%             | 2030-11-08      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| CHAMBERLAIN TL B 1L BANKDEBT                      | CHAMBERLAIN GROUP INC 2025 TERM LOAN B                                                                                      | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |   1941866 | PA      | $1933923.76   | 0.36%             | 2032-09-08      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CHARTER NEXT GENERATION TL B 1L USD BANKDEBT      | CHARTER NEX US INC 2025 REPRICED TERM LOAN B                                                                                | CUSIP: 16125TAP7<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |   5370452 | PA      | $5363739.29   | 0.99%             | 2030-11-29      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| N/A                                               | CHICAGO US MIDCO III LP DELAYED DRAW TERM LOAN                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94926 | PA      | $93501.66     | 0.02%             | 2032-11-01      | Floating      | 1.25%                 | No            |                  2 | On Loan: No      |
| N/A                                               | CHICAGO US MIDCO III LP TERM LOAN                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    639165 | PA      | $629577.89    | 0.12%             | 2032-11-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC TL B 1L BANKDEBT                      | CHOBANI LLC 2025 TERM LOAN B                                                                                                | CUSIP: 17026YAL3<br>LEI: 549300ISVDMZ91KNTR38 | Long             | LON              | CORP              | US        |   2477000 | PA      | $2483192.50   | 0.46%             | 2032-10-28      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ALTER DOMUS TL B1 1L BANKDEBT                     | CHRYSAOR BIDCO SARL 2025 USD TERM LOAN B                                                                                    | CUSIP: TC2TKS880<br>LEI: 254900CXX37NCB7A8J31 | Long             | LON              | CORP              | LU        |    823250 | PA      | $820162.81    | 0.15%             | 2031-10-30      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS 144A                     | CHS/COMMUNITY HEALTH SYS SR SECURED 144A 01/32 10.875                                                                       | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    739000 | PA      | $801951.59    | 0.15%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CINEMARK USA INC TL B 1L USD BANKDEBT             | CINEMARK USA INC 2025 TERM LOAN B                                                                                           | CUSIP: 172442AV7<br>LEI: 54930008H2137JSCPQ09 | Long             | LON              | CORP              | US        |    308793 | PA      | $309275.04    | 0.06%             | 2030-05-24      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES LP TL B 1L BANKDEBT            | CITADEL SECURITIES LP 2024 FIRST LIEN TERM LOAN                                                                             | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    250187 | PA      | $249353.91    | 0.05%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| N/A                                               | CITCO FUNDING LLC 2026 TERM LOAN B                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    455000 | PA      | $449198.75    | 0.08%             | 2033-01-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP TL B 1L BANKDEBT                | CLARIOS GLOBAL LP 2024 USD TERM LOAN B                                                                                      | CUSIP: TC7KSRZB1<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | CA        |   2187242 | PA      | $2179039.86   | 0.40%             | 2030-05-06      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL TL B 1L BANKDEBT                   | CLARIOS GLOBAL LP 2025 USD TERM LOAN B                                                                                      | CUSIP: 7399969F5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | CA        |   4430625 | PA      | $4415871.02   | 0.82%             | 2032-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR TL B 1L BANKDEBT            | CLEAR CHANNEL OUTDOOR HOLD INC 2024 TERM LOAN                                                                               | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |   1379795 | PA      | $1383534.55   | 0.26%             | 2028-08-21      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| CLEARWATER TL B 1L BANKDEBT                       | CLEARWATER ANALYTICS LLC 2025 TERM LOAN B                                                                                   | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |   1648562 | PA      | $1645809.40   | 0.30%             | 2032-04-21      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| CITRIX TL B2 1L BANKDEBT                          | CLOUD SOFTWARE GROUP INC 2025 TERM LOAN B 2031                                                                              | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   1858658 | PA      | $1722047.04   | 0.32%             | 2031-03-21      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CITRIX TL B 1L BANKDEBT                           | CLOUD SOFTWARE GROUP INC 2025 TERM LOAN B 2032                                                                              | CUSIP: 88632NBL3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   3803310 | PA      | $3519963.25   | 0.65%             | 2032-08-13      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC 144A                       | CLOUD SOFTWARE GRP INC SECURED 144A 09/29 9                                                                                 | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3215852.57   | 0.60%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC 144A                       | CLOUD SOFTWARE GRP INC SR SECURED 144A 06/32 8.25                                                                           | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    670000 | PA      | $670587.43    | 0.12%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| COX MEDIA TL B2 1L BANKDEBT                       | CMG MEDIA CORPORATION 2024 TERM LOAN                                                                                        | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4576912 | PA      | $4318316.94   | 0.80%             | 2029-06-18      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| COGENTRIX TL B 1L BANKDEBT                        | COGENTRIX FINANCE HOLDCO I LLC REPRICED TERM LOAN B                                                                         | CUSIP: 19239LAC0<br>LEI: 254900V51P55ABN4UU67 | Long             | LON              | CORP              | US        |   2618311 | PA      | $2610953.99   | 0.48%             | 2032-02-26      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| COMPASS POWER GENERATION TL B 1L USD BANKDEBT     | COMPASS POWER GENERATION LLC 2025 TERM LOAN B                                                                               | CUSIP: 20451VAG8<br>LEI: 5493001FXZ2XUTES8E29 | Long             | LON              | CORP              | US        |    349546 | PA      | $350594.87    | 0.06%             | 2029-04-14      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| COMPOSECURE TL B 1L BANKDEBT                      | COMPOSECURE HOLDINGS LLC TERM LOAN                                                                                          | CUSIP: 20459KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    863179 | PA      | $857784.05    | 0.16%             | 2033-01-14      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE TL B1 1L USD BANKDEBT    | CONCENTRA HEALTH SERVICES INC 2025 REPRICED TERM LOAN B                                                                     | CUSIP: 20602RAD2<br>LEI: 984500GB84105F75DE32 | Long             | LON              | CORP              | US        |    582945 | PA      | $585131.12    | 0.11%             | 2031-07-26      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| INMARSAT TL B 1L BANKDEBT                         | CONNECT FINCO SARL 2024 EXTENDED TERM LOAN B                                                                                | CUSIP: 4576399B0<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |   2553115 | PA      | $2547931.98   | 0.47%             | 2029-09-27      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CONNECTWISE TL B 1L BANKDEBT                      | CONNECTWISE LLC 2021 TERM LOAN B                                                                                            | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    595003 | PA      | $532527.45    | 0.10%             | 2028-09-29      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION RENEWABLES TL B 1L USD BANKDEBT     | CONSTELLATION RENEWABLES, LLC 2020 TERM LOAN                                                                                | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |   1463428 | PA      | $1463881.22   | 0.27%             | 2027-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE TL B 1L BANKDEBT                      | CORNERSTONE GENERATION LLC TERM LOAN B                                                                                      | CUSIP: 21924NAB4<br>LEI: 254900JBGAU2N55LVN75 | Long             | LON              | CORP              | US        |   2707650 | PA      | $2711034.11   | 0.50%             | 2032-08-11      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| AMERICAN BATH GRP TL B 1L BANKDEBT                | CP ATLAS BUYER INC 2025 TERM LOAN                                                                                           | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |   1102662 | PA      | $1064532.43   | 0.20%             | 2030-07-08      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC 144A                           | CP ATLAS BUYER INC SR SECURED 144A 07/30 9.75                                                                               | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    630000 | PA      | $630276.07    | 0.12%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CPM HOLDINGS TL 1L BANKDEBT                       | CPM HOLDINGS, INC. 2023 TERM LOAN                                                                                           | CUSIP: 12620BAR1<br>LEI: 549300FBUISJCXV8IB65 | Long             | LON              | CORP              | US        |   3055414 | PA      | $2992869.64   | 0.55%             | 2028-09-28      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CPPIB OVM MEMBER US LLC TL B 1L USD BANKDEBT      | CPPIB OVM MEMBER US LLC TERM LOAN B                                                                                         | CUSIP: 12673CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    563971 | PA      | $563266.17    | 0.10%             | 2031-08-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| REGAL CINEWORLD TL B 1L BANKDEBT                  | CROWN FINANCE US INC 2025 TERM LOAN B                                                                                       | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |   3982645 | PA      | $3863882.56   | 0.72%             | 2031-12-02      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| SUBCOM TL B 1L BANKDEBT                           | CROWN SUBSEA COMUNS HOLING INC 2026 REPRICED TERM LOAN B                                                                    | CUSIP: 22860EAL6<br>LEI: 5493003AYLUE132FIO27 | Long             | LON              | CORP              | US        |    536412 | PA      | $536750.16    | 0.10%             | 2031-01-30      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC 144A                             | CSC HOLDINGS LLC COMPANY GUAR 144A 05/28 11.25                                                                              | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    800000 | PA      | $633668.85    | 0.12%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| ALTICE TL B5 1L BANKDEBT                          | CSC HOLDINGS, LLC 2019 TERM LOAN B5                                                                                         | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   2080938 | PA      | $1794808.86   | 0.33%             | 2027-04-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| N/A                                               | DAINTREE BIDCO PTY LTD TERM LOAN B                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |   1315000 | PA      | $1295275.00   | 0.24%             | 2032-11-24      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| DAVE & BUSTERS TL B 1L BANKDEBT                   | DAVE + BUSTERS INC 2024 TERM LOAN B                                                                                         | CUSIP: 23833EAX2<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |   1078434 | PA      | $996473.12    | 0.18%             | 2029-06-29      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| DAYFORCE TL B 1L BANKDEBT                         | DAYFORCE INC 2025 TERM LOAN                                                                                                 | CUSIP: 23923YAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3185000 | PA      | $2927938.65   | 0.54%             | 2033-02-04      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| DECHRA TL B 1L BANKDEBT                           | DECHRA PHRMCUTICS HLDNG LTD 2026 USD TERM LOAN B                                                                            | CUSIP: 24343EAC9<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    432352 | PA      | $431902.36    | 0.08%             | 2032-01-27      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| DEEP BLUE OPERATING I LL TL B 1L BANKDEB          | DEEP BLUE OPERATING I LLC TERM LOAN                                                                                         | CUSIP: 24369TAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1480000 | PA      | $1484632.40   | 0.28%             | 2032-10-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| DELIVERY HERO TL B 1L BANKDEBT                    | DELIVERY HERO SE 2024 USD TERM LOAN B                                                                                       | CUSIP: TC0Z8D8P7<br>LEI: 529900KR9IO53KSCSQ67 | Long             | LON              | CORP              | DE        |   1741998 | PA      | $1735900.58   | 0.32%             | 2029-12-12      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| FORMULA ONE TL B1 1L BANKDEBT                     | DELTA 2 LUX SARL 2024 TERM LOAN B1                                                                                          | CUSIP: 3469959L9<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |   2175000 | PA      | $2176631.25   | 0.40%             | 2031-09-10      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| INFOBLOX TL 2L BANKDEBT                           | DELTA TOPCO, INC 2024 2ND LIEN TERM LOAN                                                                                    | CUSIP: 24780DAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    620000 | PA      | $527775.00    | 0.10%             | 2030-11-29      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC 144A                        | DIRECTV FIN LLC/COINC SR SECURED 144A 02/31 10                                                                              | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1073954.78   | 0.20%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DIRECTV TL EXT 1L BANKDEBT                        | DIRECTV FINANCING LLC 2024 TERM LOAN                                                                                        | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    794459 | PA      | $794212.78    | 0.15%             | 2029-08-02      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| DIRECTV TL B 1L BANKDEBT                          | DIRECTV FINANCING LLC 2025 TERM LOAN B                                                                                      | CUSIP: 25460HAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1193178 | PA      | $1191149.69   | 0.22%             | 2031-02-17      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| N/A                                               | DISCO PARENT INC 2025 TERM LOAN B                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1277025 | PA      | $1241906.81   | 0.23%             | 2032-08-06      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| DYE & DURHAM CORP TL B 1L BANKDEBT                | DYE AND DURHAM CORPORATION 2024 USD TERM LOAN B                                                                             | CUSIP: TC1QR4Q26<br>LEI: 549300XUQDPIC5QRY347 | Long             | LON              | CORP              | CA        |    585531 | PA      | $519172.79    | 0.10%             | 2031-04-11      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| N/A                                               | DYNASTY ACQUISITION CO INC 2024 1ST LIEN TERM LOAN B1                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2371454 | PA      | $2377383.01   | 0.44%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| DYNASTY ACQ  CO I TL B2 1L BANKDEBT               | DYNASTY ACQUISITION CO INC 2024 1ST LIEN TERM LOAN B2                                                                       | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    719449 | PA      | $721247.49    | 0.13%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| EW SCRIPPS TL B2 1L BANKDEBT                      | E W SCRIPPS COMPANY THE 2025 TERM LOAN B2                                                                                   | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |    940731 | PA      | $947786.05    | 0.18%             | 2028-06-30      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| ECI MACOLA MAX HOLDING TL B 1L USD BANKDEBT       | ECI MACOLA MAX HOLDING LLC 2025 TERM LOAN                                                                                   | CUSIP: 26825UAN1<br>LEI: 549300MZ2LKM75L5EI42 | Long             | LON              | CORP              | US        |   1038123 | PA      | $1004197.08   | 0.19%             | 2030-05-09      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| EDELMAN FINANCIAL CENTER TL 2L BANKDEBT           | EDELMAN FINANCIAL CENTER LLC 2024 2ND LIEN TERM LOAN                                                                        | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   2643610 | PA      | $2614979.62   | 0.48%             | 2028-10-06      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| EDELMAN FINANCIAL CENTER TL B 1L BANKDEBT         | EDELMAN FINANCIAL CENTER LLC 2024 TERM LOAN                                                                                 | CUSIP: 27943UAM8<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   2715577 | PA      | $2693797.82   | 0.50%             | 2028-04-07      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| EG GROUP TL B 1L BANKDEBT                         | EG AMERICA LLC 2026 TERM LOAN B                                                                                             | CUSIP: 28228QAB5<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |   1896000 | PA      | $1891734.00   | 0.35%             | 2031-02-10      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC 144A                        | EG GLOBAL FINANCE PLC SR SECURED 144A 11/28 12                                                                              | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    860000 | PA      | $924639.91    | 0.17%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC TL B 1L BANKDEBT            | ELLUCIAN HOLDINGS, INC. 2024 1ST LIEN TERM LOAN B                                                                           | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |   4705548 | PA      | $4542547.57   | 0.84%             | 2029-10-09      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC TL 2L BANKDEBT              | ELLUCIAN HOLDINGS, INC. 2024 2ND LIEN TERM LOAN                                                                             | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |   3943059 | PA      | $3785336.96   | 0.70%             | 2032-11-22      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| N/A                                               | ENGINEERED MACHINERY HLDG INC 2025 USD TERM LOAN                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5162468 | PA      | $5175374.22   | 0.96%             | 2032-11-26      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| DURAVANT TL 2L BANKDEBT                           | ENGINEERED MACHINERY HOLD INC 2021 USD 2ND LIEN TL                                                                          | CUSIP: 26658NAQ2<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |   1832419 | PA      | $1841581.39   | 0.34%             | 2029-05-21      | Floating      | 9.93%                 | No            |                  3 | On Loan: No      |
| ENDEAVOR TL B 1L BANKDEBT                         | EOC BORROWER LLC TERM LOAN B                                                                                                | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3701375 | PA      | $3685644.16   | 0.68%             | 2032-03-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| EP WEALTH ADVISORS LLC TL 1L BANKDEBT             | EP WEALTH ADVISORS LLC 2025 TERM LOAN B                                                                                     | CUSIP: 29416NAB2<br>LEI: 254900EMIFA00FZWU856 | Long             | LON              | CORP              | US        |    630000 | PA      | $624487.50    | 0.12%             | 2032-10-18      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORP TL B 1L BANKDEBT             | EPICOR SOFTWARE CORPORATION 2024 TERM LOAN F                                                                                | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   7519873 | PA      | $7282771.28   | 1.35%             | 2031-05-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| SAVERS TL 1L BANKDEBT                             | EVERGREEN ACQCO 1 LP 2025 TERM LOAN B                                                                                       | CUSIP: 30015FAJ5<br>LEI: 549300F6POVHG3ME8T95 | Long             | LON              | CORP              | US        |    531343 | PA      | $531178.14    | 0.10%             | 2032-09-17      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| EW SCRIPPS CO TL B3 1L USD BANKDEBT               | EW SCRIPPS COMPANY THE 2025 TERM LOAN B3                                                                                    | CUSIP: 26928BAR0<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |   1101671 | PA      | $1066417.63   | 0.20%             | 2029-11-30      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| FILTRATION GROUP TL B 1L BANKDEBT                 | FILTRATION GROUP CORPORATION 2025 USD TERM LOAN                                                                             | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   4719910 | PA      | $4722883.31   | 0.88%             | 2028-10-21      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ARGUS MEDIA TL B 1L BANKDEBT                      | FLEET MIDCO I LIMITED 2024 1ST LIEN TERM LOAN B                                                                             | CUSIP: 33902UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   2202453 | PA      | $2194193.82   | 0.41%             | 2031-02-21      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC TL C 1L USD BANKDEBT | FOCUS FINANCIAL PARTNERS LLC 2025 FUNGIBLE TERM LOAN B8                                                                     | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |   6335420 | PA      | $5963214.35   | 1.11%             | 2031-09-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | FORD MOTOR CREDIT CO LLC SR UNSECURED 03/26 VAR                                                                             | CUSIP: 345397C50<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    410000 | PA      | $410108.69    | 0.08%             | 2026-03-06      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| PRESIDIO TL B 1L BANKDEBT                         | FORTRESS INTERMEDIATE 3 INC 2025 TERM LOAN B                                                                                | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |   1854240 | PA      | $1798612.52   | 0.33%             | 2031-06-27      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| GEN II FUND SERVICES TL 1L BANKDEBT               | GEN II FUND SERVICES LLC 2024 TERM LOAN B                                                                                   | CUSIP: 69381MAB1<br>LEI: 2138006XMWHEBFQ55Z05 | Long             | LON              | CORP              | US        |    352338 | PA      | $342648.22    | 0.06%             | 2031-11-26      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| HIRERIGHT HOLDINGS CORP TL B 1L USD BANKDEBT      | GENUINE FINANCIAL HLDGS LLC 2025 TERM LOAN B                                                                                | CUSIP: 37190DAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    439806 | PA      | $366503.18    | 0.07%             | 2030-09-27      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC 144A                             | GETTY IMAGES INC SR SECURED 144A 02/30 11.25                                                                                | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    485000 | PA      | $424974.98    | 0.08%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC 144A                             | GETTY IMAGES INC SR SECURED 144A 11/30 10.5                                                                                 | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    845000 | PA      | $747480.98    | 0.14%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE TL B 1L BANKDEBT          | GLOBAL MEDICAL RESPONSE INC 2025 TERM LOAN B                                                                                | CUSIP: 37956SAB0<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |    755000 | PA      | $754418.65    | 0.14%             | 2032-10-01      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING CO LLC TL B 1L BANKDEBT        | GO DADDY OPERATING CO LLC 2024 TERM LOAN B8                                                                                 | CUSIP: 38017BAX4<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |      4938 | PA      | $4774.37      | 0.00%             | 2029-11-09      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| GOODNIGHT WATER SOLUTION TL B 1L USD BANKDEBT     | GOODNIGHT WATER SOLUTIONS LLC 2024 TERM LOAN B                                                                              | CUSIP: 38238YAC3<br>LEI: 254900CZJ6KUEVU9QV27 | Long             | LON              | CORP              | US        |    872090 | PA      | $869909.56    | 0.16%             | 2029-06-04      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC 144A                               | GRAY MEDIA INC SECURED 144A 07/32 9.625                                                                                     | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    530000 | PA      | $550737.54    | 0.10%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC 144A                          | GRAY MEDIA INC SR SECURED 144A 07/29 10.5                                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    507000 | PA      | $543771.23    | 0.10%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GRAY TV TL F 1L BANKDEBT                          | GRAY TELEVISION INC 2024 TERM LOAN B                                                                                        | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |     12983 | PA      | $12966.31     | 0.00%             | 2029-06-04      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION TL D 1L BANKDEBT                  | GRAY TELEVISION INC GRAY TELEVISION INC TERM LOAN                                                                           | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    355000 | PA      | $353963.40    | 0.07%             | 2028-12-01      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| GTCR EVEREST BORROWER TL B 1L USD BANKDEBT        | GTCR EVEREST BORROWER LLC 2026 REPRICED TERM LOAN B                                                                         | CUSIP: 36269YAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1503798 | PA      | $1473406.12   | 0.27%             | 2031-09-05      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| N/A                                               | HAMILTON PROJECTS ACQRR LLC 2025 TERM LOAN                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1277217 | PA      | $1279809.97   | 0.24%             | 2031-05-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| N/A                                               | HANGER INC 2024 DELAYED DRAW TERM LOAN                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98159 | PA      | $98363.31     | 0.02%             | 2031-10-23      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| N/A                                               | HANGER INC 2024 TERM LOAN B                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    918339 | PA      | $920249.05    | 0.17%             | 2031-10-23      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| HEARTLAND DENTAL TL B 1L BANKDEBT                 | HEARTLAND DENTAL LLC 2025 TERM LOAN                                                                                         | CUSIP: 42236WAX5<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |   1346773 | PA      | $1342638.68   | 0.25%             | 2032-08-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC 144A                        | HIGHTOWER HOLDING LLC SR UNSECURED 144A 01/30 9.125                                                                         | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    560000 | PA      | $581389.64    | 0.11%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC TL B 1L USD BANKDEBT        | HIGHTOWER HOLDINGS LLC 2025 1ST LIEN TERM LOAN B                                                                            | CUSIP: 43117LAP8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | LON              | CORP              | US        |   4652421 | PA      | $4579750.42   | 0.85%             | 2032-02-03      | Floating      | 6.41%                 | No            |                  3 | On Loan: No      |
| N/A                                               | HOLOGIC INC 2026 TERM LOAN B                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4260000 | PA      | $4206750.00   | 0.78%             | 2033-01-14      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                               | HOLOGIC INC 2026 USD 2ND LIEN TERM LOAN                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7725000 | PA      | $7647750.00   | 1.42%             | 2034-01-05      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| HUB INTERNATIONAL LTD TL B 1L BANKDEBT            | HUB INTERNATIONAL LIMITED 2025 TERM LOAN B                                                                                  | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   6424435 | PA      | $6346828.08   | 1.18%             | 2030-06-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD 144A                        | HUB INTERNATIONAL LTD SR UNSECURED 144A 01/32 7.375                                                                         | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    460000 | PA      | $469301.03    | 0.09%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS TL 1L BANKDEBT               | IHEARTCOMMUNICATIONS INC 2024 TERM LOAN                                                                                     | CUSIP: 45174UAJ7<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |   1586079 | PA      | $1369309.37   | 0.25%             | 2029-05-01      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| IVIRMA TL B6 1L BANKDEBT                          | INCEPTION HOLDCO SARL 2025 REPRICED TERM LOAN                                                                               | CUSIP: 45073SAD7<br>LEI: 549300V0LY56J9HGCK92 | Long             | LON              | CORP              | LU        |    835863 | PA      | $840459.85    | 0.16%             | 2031-04-09      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| INNIO TL B 1L BANKDEBT                            | INNIO GROUP HOLDING GMBH 2026 USD TERM LOAN                                                                                 | CUSIP: BL5479433<br>LEI: 549300R5GWIY8X0FZE07 | Long             | LON              | CORP              | AT        |     97725 | PA      | $97684.00     | 0.02%             | 2031-11-05      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| N/A                                               | INSTRUCTURE HOLDINGS INC 2025 REPRICED TERM LOAN                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2460907 | PA      | $2325040.62   | 0.43%             | 2031-11-13      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| INSPIRE BRANDS TL B 1L BANKDEBT                   | IRB HOLDING CORP 2025 TERM LOAN B                                                                                           | CUSIP: 44988LAM9<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |   3005822 | PA      | $2992986.87   | 0.55%             | 2030-12-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| IRIDIUM SATELLITE LLC TL B4 1L BANKDEBT           | IRIDIUM SATELLITE LLC 2024 TERM LOAN B                                                                                      | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |    602327 | PA      | $578890.92    | 0.11%             | 2030-09-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC TL B 1L BANKDEBT            | JANE STREET GROUP LLC 2024 TERM LOAN B1                                                                                     | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   2746512 | PA      | $2656261.42   | 0.49%             | 2031-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| N/A                                               | JAVELIN BUYER INC 2024 2ND LIEN TERM LOAN                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    610000 | PA      | $555100.00    | 0.10%             | 2032-12-06      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA 144A                     | JONES DESLAURIERS INSURA SR SECURED 144A 03/30 8.5                                                                          | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    450000 | PA      | $466932.19    | 0.09%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NAVACORD TL 1L BANKDEBT                           | JONES DSLRRS INSRNC MANAG INC 2026 REPRICED TERM LOAN B                                                                     | CUSIP: TC8EWN8Y8<br>LEI: 549300JQIWNFU00E5424 | Long             | LON              | CORP              | CA        |   3455969 | PA      | $3313410.39   | 0.61%             | 2033-02-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| N/A                                               | KAMAN CORPORATION 2025 DELAYED DRAW TERM LOAN                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     56508 | PA      | $56405.88     | 0.01%             | 2032-02-26      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                               | KAMAN CORPORATION 2025 TERM LOAN B                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    726158 | PA      | $724843.23    | 0.13%             | 2032-02-26      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| KASEYA TL B 1L BANKDEBT                           | KASEYA INC 2025 1L TERM LOAN B                                                                                              | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   1200289 | PA      | $1082828.47   | 0.20%             | 2032-03-22      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| KASEYA TL 2L BANKDEBT                             | KASEYA INC 2025 2ND LIEN TERM LOAN B                                                                                        | CUSIP: 48578AAE8<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   1915000 | PA      | $1544773.05   | 0.29%             | 2033-03-21      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| ATLANTIC AVIATION TL B 1L BANKDEBT                | KKR APPLE BIDCO LLC 2025 TERM LOAN                                                                                          | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |    559863 | PA      | $559863.29    | 0.10%             | 2031-09-23      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| KREF HOLDINGS X TL B 1L USD BANKDEBT              | KREF HOLDINGS X LLC 2025 TERM LOAN                                                                                          | CUSIP: 48266YAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    605793 | PA      | $596706.42    | 0.11%             | 2032-03-05      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL HOME TL B 1L BANKDEBT                   | LAVENDER DUTCH BORROWERCO BV USD TERM LOAN                                                                                  | CUSIP: 51944RAB8<br>LEI: 254900WC9QQXLKNE2931 | Long             | LON              | CORP              | NL        |    870000 | PA      | $867825.00    | 0.16%             | 2032-12-30      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 TL B4 1L BANKDEBT                         | LEVEL 3 FINANCING INC 2025 REPRICED TERM LOAN B4                                                                            | CUSIP: 52729KAU0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |   4880000 | PA      | $4887320.00   | 0.91%             | 2032-03-29      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC 144A                        | LEVEL 3 FINANCING INC COMPANY GUAR 144A 07/29 3.75                                                                          | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88401.45     | 0.02%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC 144A                        | LEVEL 3 FINANCING INC SR SECURED 144A 03/34 7                                                                               | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1174528.77   | 0.22%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC 144A                        | LEVEL 3 FINANCING INC SR SECURED 144A 06/33 6.875                                                                           | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    390000 | PA      | $403871.95    | 0.07%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC TL B 1L USD BANKDEBT                | LIFE TIME FITNESS INC 2025 TERM LOAN                                                                                        | CUSIP: 50218KAN8<br>LEI: 549300PALKE96VYH4X17 | Long             | LON              | CORP              | US        |   1026694 | PA      | $1027341.14   | 0.19%             | 2031-11-05      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH TL B 1L BANKDEBT                 | LIFEPOINT HEALTH INC 2024 1ST LIEN TERM LOAN B                                                                              | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   2011584 | PA      | $2012147.08   | 0.37%             | 2031-05-17      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC TL B 1L BANKDEBT             | LIFEPOINT HEALTH INC 2024 INCREMENTAL TERM LOAN B1                                                                          | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    895000 | PA      | $893478.50    | 0.17%             | 2031-05-17      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC 144A                         | LIFEPOINT HEALTH INC SR SECURED 144A 08/30 9.875                                                                            | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    510000 | PA      | $545454.47    | 0.10%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC 144A                         | LIFEPOINT HEALTH INC SR SECURED 144A 10/30 11                                                                               | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   1995000 | PA      | $2167649.06   | 0.40%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC TL B3 1L USD BANKDEBT     | LIGHT AND WONDER INTER INC 2026 TERM LOAN B                                                                                 | CUSIP: 80875AAY7<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    707392 | PA      | $706507.64    | 0.13%             | 2029-04-16      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| LGC GROUP TL B 1L BANKDEBT                        | LOIRE FINCO LUXEMBOURG SARL 2025 USD TERM LOAN B                                                                            | CUSIP: 5039999D8<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    530848 | PA      | $529919.29    | 0.10%             | 2030-01-21      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| N/A                                               | LSF12 HELIX PARENT LLC TERM LOAN                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    910000 | PA      | $908917.10    | 0.17%             | 2033-01-22      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| VICTRA TL B 1L BANKDEBT                           | LSF9 ATLANTIS HOLDINGS LLC 2025 TERM LOAN B                                                                                 | CUSIP: 50226BAN8<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | LON              | CORP              | US        |   2399425 | PA      | $2388939.77   | 0.44%             | 2029-03-29      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| LTI HOLDINGS INC TL B 1L USD BANKDEBT             | LTI HOLDINGS INC 2024 TERM LOAN B                                                                                           | CUSIP: 50217UBF3<br>LEI: 5493003GUY3WBOTOAP97 | Long             | LON              | CORP              | US        |   4633168 | PA      | $4632704.96   | 0.86%             | 2029-07-29      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| N/A                                               | Long: 459716072 TRS USD R E 5459716072RET IBOXXTRS/ Short: 459716072 TRS USD P V 12MSOFR 5459716072INT IBOXXTRS             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |         1 | NC      | $7354.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | Long: 557624561 TRS USD R E 5557624561RET IBOXXTRS/ Short: 557624561 TRS USD P V 12MSOFR 5557624561INT IBOXXTRS             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-4259.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | Long: 596288090 CDS USD R F  5.00000 5596288090FEE CORPORATE/ Short: 596288090 CDS USD P V 03MEVENT 5596288090PRO CORPORATE | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |         1 | NC      | $2883.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | Long: 597329876 CDS USD R F  5.00000 5597329876FEE CORPORATE/ Short: 597329876 CDS USD P V 03MEVENT 5597329876PRO CORPORATE | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |         1 | NC      | $2883.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | Long: 641020830 TRS USD R E 5641020830RET IBOXXTRS/ Short: 641020830 TRS USD P V 12MSOFR 5641020830INT IBOXXTRS             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-72935.55    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | Long: 641020836 TRS USD R E 5641020836RET IBOXXTRS/ Short: 641020836 TRS USD P V 12MSOFR 5641020836INT IBOXXTRS             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |         1 | NC      | $-62619.31    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| M6 ETX HOLDINGS II MIDCO TL B 1L USD BANKDEBT     | M6 ETX HOLDINGS II MIDCO LLC 2025 1ST LIEN TERM LOAN B                                                                      | CUSIP: 55285DAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    933762 | PA      | $936245.45    | 0.17%             | 2032-04-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC TL B 1L USD BANKDEBT              | MADISON IAQ LLC 2025 TERM LOAN                                                                                              | CUSIP: 55759VAE8<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    336680 | PA      | $337144.43    | 0.06%             | 2032-11-08      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ TL 1L BANKDEBT                        | MADISON IAQ LLC TERM LOAN                                                                                                   | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   2711635 | PA      | $2712149.97   | 0.50%             | 2028-06-21      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| MADISON SAFETY TL B 1L BANKDEBT                   | MADISON SAFETY + FLOW LLC 2025 1ST LIEN TERM LOAN B                                                                         | CUSIP: 55822DAN1<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |    733716 | PA      | $732982.01    | 0.14%             | 2031-09-26      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| N/A                                               | MAHSEER HOLDINGS LLC DELAYED DRAW TERM LOAN                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     14483 | PA      | $14509.99     | 0.00%             | 2033-02-05      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                               | MAHSEER HOLDINGS LLC TERM LOAN B                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90517 | PA      | $90687.41     | 0.02%             | 2033-02-05      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI TL B 1L USD BANKDEBT     | MAVIS TIRE EXPRESS SERV CORP 2025 REPRICED TERM LOAN                                                                        | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |   3993124 | PA      | $3982342.65   | 0.74%             | 2028-05-04      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP TL 1L BANKDEBT                        | MCAFEE LLC 2024 USD 1ST LIEN TERM LOAN B                                                                                    | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |   3625660 | PA      | $3145259.95   | 0.58%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| MEDLINE TL B 1L BANKDEBT                          | MEDLINE BORROWER LP 2025 INCREMENTAL TERM LOAN B                                                                            | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   4936294 | PA      | $4944389.94   | 0.92%             | 2030-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| MEDLINE TL B 1L BANKDEBT                          | MEDLINE BORROWER LP 2025 TERM LOAN B                                                                                        | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    520021 | PA      | $520582.37    | 0.10%             | 2028-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| TAILORED BRANDS TL B 1L BANKDEBT                  | MENS WEARHOUSE INC THE 2026 TERM LOAN B                                                                                     | CUSIP: 58711MAK5<br>LEI: NKFP7BJ6WYEV4I24P532 | Long             | LON              | CORP              | US        |   1165452 | PA      | $1162048.93   | 0.22%             | 2031-01-28      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| DATASITE TL B 1L BANKDEBT                         | MERMAID BIDCO INC 2024 USD TERM LOAN B                                                                                      | CUSIP: 59012CAL9<br>LEI: 254900765HT42I3EW691 | Long             | LON              | CORP              | US        |   1943652 | PA      | $1848898.86   | 0.34%             | 2031-07-03      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| INTERNET BRANDS TL 2L BANKDEBT                    | MH SUB I LLC 2021 2ND LIEN TERM LOAN                                                                                        | CUSIP: 55303BAD5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1100000 | PA      | $786841.00    | 0.15%             | 2029-02-23      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| INTERNET BRANDS TL B 1L BANKDEBT                  | MH SUB I LLC 2023 TERM LOAN                                                                                                 | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1437086 | PA      | $1162846.54   | 0.22%             | 2028-05-03      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| INTERNET BRANDS TL B 1L BANKDEBT                  | MH SUB I LLC 2024 TERM LOAN B4                                                                                              | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1348929 | PA      | $913899.27    | 0.17%             | 2031-12-31      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| MITER BRANDS TL B2 1L BANKDEBT                    | MI WINDOWS AND DOORS LLC 2024 TERM LOAN B2                                                                                  | CUSIP: 55336CAK8<br>LEI: 2549001JQBGDT0WEQ156 | Long             | LON              | CORP              | US        |   1332735 | PA      | $1321740.42   | 0.24%             | 2031-03-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| N/A                                               | MRP BUYER LLC DELAYED DRAW TERM LOAN                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     84010 | PA      | $83940.68     | 0.02%             | 2032-06-04      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| N/A                                               | MRP BUYER LLC TERM LOAN                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    659426 | PA      | $658878.19    | 0.12%             | 2032-06-04      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| N/A                                               | NAVACORD CLASS A PREF SHRS TC190OE89                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |       692 | NS      | $498434.81    | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| NAVIENT CORP                                      | NAVIENT CORP SR UNSECURED 07/30 9.375                                                                                       | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    795000 | PA      | $804664.70    | 0.15%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NIELSEN TL B 1L BANKDEBT                          | NEPTUNE BIDCO US INC 2026 USD TERM LOAN B                                                                                   | CUSIP: 64069JAK8<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |   6205000 | PA      | $5834251.25   | 1.08%             | 2033-02-03      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC 144A                         | NEPTUNE BIDCO US INC SR SECURED 144A 02/33 9.5                                                                              | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    570000 | PA      | $558583.50    | 0.10%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC 144A                         | NEPTUNE BIDCO US INC SR SECURED 144A 04/29 9.29                                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    925000 | PA      | $927805.61    | 0.17%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC 144A                         | NEPTUNE BIDCO US INC SR SECURED 144A 05/31 10.375                                                                           | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1877640.44   | 0.35%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| NEXSTAR BROADCASTING TL B 1L BANKDEBT             | NEXSTAR BROADCASTING INC 2025 TERM LOAN B5                                                                                  | CUSIP: 65336RBB3<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |   1415972 | PA      | $1414202.21   | 0.26%             | 2032-06-28      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC TL B 1L BANKDEB          | NGL ENERGY PARTNERS LP 2024 TERM LOAN B                                                                                     | CUSIP: 62922KAF7<br>LEI: 5493008CQD36WWZJ3O79 | Long             | LON              | CORP              | US        |   2613651 | PA      | $2613651.30   | 0.48%             | 2031-02-03      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY PARTNERS LP 144A                       | NGL ENRGY OP/FIN CORP SR SECURED 144A 02/29 8.125                                                                           | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $114049.06    | 0.02%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FI TL B 1L BANKDEBT          | NORTHRIVER MIDSTREAM FINANCE L 2023 USD TERM LOAN B                                                                         | CUSIP: 66679PAB1<br>LEI: 549300SOLNLY3BL6GF18 | Long             | LON              | CORP              | CA        |   1020298 | PA      | $1020155.30   | 0.19%             | 2030-08-16      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| NOURYON FINANCE BV TL B 1L BANKDEBT               | NOURYON FINANCE BV 2024 USD INC TERM LOAN B                                                                                 | CUSIP: TC9NC1NP9<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |    127751 | PA      | $126792.91    | 0.02%             | 2028-04-03      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| NOURYON FINANCE BV TL B 1L BANKDEBT               | NOURYON FINANCE BV 2024 USD TERM LOAN B                                                                                     | CUSIP: TC8YAMNM9<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |   3256456 | PA      | $3252385.25   | 0.60%             | 2028-04-03      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC 144A                               | NRG ENERGY INC JR SUBORDINA 144A 12/99 VAR                                                                                  | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    530000 | PA      | $584605.25    | 0.11%             | 2174-09-15      | Variable      | 10.25%                | No            |                  2 | On Loan: No      |
| ONEDIGITAL TL 2L BANKDEBT                         | ONEDIGITAL BORROWER LLC 2024 2ND LIEN TERM LOAN                                                                             | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |   2990000 | PA      | $2980671.20   | 0.55%             | 2032-07-02      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL TL B 1L BANKDEBT                       | ONEDIGITAL BORROWER LLC 2025 REPRICED TERM LOAN                                                                             | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |   2230983 | PA      | $2145937.54   | 0.40%             | 2031-07-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ONE TORONTO GAMING TL B 1L BANKDEBT               | ONTARIO GAMING GTA LP TERM LOAN B                                                                                           | CUSIP: 68306M9A9<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |    564175 | PA      | $530589.63    | 0.10%             | 2030-08-01      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| OPELLA TL B 1L BANKDEBT                           | OPAL BIDCO SAS USD 1ST LIEN TERM LOAN B                                                                                     | CUSIP: TC5YAO4H0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5968988 | PA      | $5960034.02   | 1.10%             | 2032-04-28      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| ORION TL B 1L BANKDEBT                            | ORION ADVISOR SOLUTIONS INC 2026 REPRICED TERM LOAN B                                                                       | CUSIP: 68627BAM7<br>LEI: 549300R3BS3HTGTSN386 | Long             | LON              | CORP              | US        |    534010 | PA      | $512649.63    | 0.09%             | 2030-09-09      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| OSTTRA TL B 1L BANKDEBT                           | ORION US FINCO INC. 1ST LIEN TERM LOAN                                                                                      | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1150000 | PA      | $1128081.00   | 0.21%             | 2032-10-08      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| OSTTRA TL 2L BANKDEBT                             | ORION US FINCO INC. 2ND LIEN TERM LOAN                                                                                      | CUSIP: 68631KAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    620000 | PA      | $616125.00    | 0.11%             | 2033-10-11      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC TL  1L BANKDEBT                | OSAIC HOLDINGS  INC. 2026 REPRICED TERM LOAN B                                                                              | CUSIP: 68773JAJ9<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |   2657000 | PA      | $2568149.92   | 0.48%             | 2032-07-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| PATTERSON TL B 1L BANKDEBT                        | PARADIGM PARENT LLC 1ST LIEN TERM LOAN                                                                                      | CUSIP: 69902BAB5<br>LEI: 254900EDT9YE5UFH3458 | Long             | LON              | CORP              | US        |    389175 | PA      | $324474.66    | 0.06%             | 2032-04-16      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| PELOTON INTERACTIVE INC TL 1L BANKDEBT            | PELOTON INTERACTIVE INC 2024 TERM LOAN B                                                                                    | CUSIP: 70614EAG5<br>LEI: 5493002YS021166W0339 | Long             | LON              | CORP              | US        |    840039 | PA      | $842668.47    | 0.16%             | 2029-05-30      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH & WELLNESS 144A                      | PETCO HEALTH + WELLNESS SR SECURED 144A 02/31 8.25                                                                          | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |    570000 | PA      | $556167.29    | 0.10%             | 2031-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PETSMART TL B 1L BANKDEBT                         | PETSMART INC 2025 USD TERM LOAN B                                                                                           | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |   2033150 | PA      | $2019588.64   | 0.37%             | 2032-08-18      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA TL B 1L BANKDEBT                         | PLAYTIKA HOLDING CORP. 2021 TERM LOAN                                                                                       | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |    190867 | PA      | $176969.60    | 0.03%             | 2028-03-13      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| PRIMO BRANDS CORP TL B 1L BANKDEBT                | PRIMO BRANDS CORPORATION 2025 TERM LOAN B                                                                                   | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |   1151759 | PA      | $1150526.89   | 0.21%             | 2028-03-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| PRO MACH TL B 1L BANKDEBT                         | PRO MACH GROUP INC 2025 1ST LIEN TERM LOAN B                                                                                | CUSIP: 74273JAL7<br>LEI: 5493008SZGSVUCSNB151 | Long             | LON              | CORP              | US        |   3186786 | PA      | $3183598.93   | 0.59%             | 2032-10-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| PROAMPAC TL B 1L BANKDEBT                         | PROAMPAC PG BORROWER LLC 2024 TERM LOAN                                                                                     | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   1926933 | PA      | $1898028.97   | 0.35%             | 2028-09-15      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| PROAMPAC TL B 1L BANKDEBT                         | PROAMPAC PG BORROWER LLC 2026 USD TERM LOAN B                                                                               | CUSIP: 74274NAM5<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |    290000 | PA      | $286012.50    | 0.05%             | 2033-02-22      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| N/A                                               | PROJECT ALPHA INTERME HLDG INC 2025 2ND LIEN INC TL                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1932593 | PA      | $1439781.82   | 0.27%             | 2033-05-09      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| JD POWER TL B 1L BANKDEBT                         | PROJECT BOOST PURCHASER LLC 2025 REFINANCING TERM LOAN                                                                      | CUSIP: 74339NAG1<br>LEI: 254900SVSL94NTLSDY26 | Long             | LON              | CORP              | US        |   1965041 | PA      | $1869245.61   | 0.35%             | 2031-07-16      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT TL B 1L BANKDEBT                       | PROOFPOINT INC 2025 FUNGIBLE TERM LOAN                                                                                      | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   2394617 | PA      | $2288726.71   | 0.42%             | 2028-08-31      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                     | PURCHASED USD/ SOLD CAD                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CA        |         1 | NC      | $3070.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC            | PURCHASED USD/ SOLD EUR                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |         1 | NC      | $783.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC            | PURCHASED USD/ SOLD EUR                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |         1 | NC      | $783.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC            | PURCHASED USD/ SOLD EUR                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |         1 | NC      | $856.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC            | PURCHASED USD/ SOLD EUR                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |         1 | NC      | $856.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QNITY TL B 1L BANKDEBT                            | QNITY ELECTRONICS INC TERM LOAN B                                                                                           | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |   1985000 | PA      | $1990577.85   | 0.37%             | 2032-11-01      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| N/A                                               | QUALITYTECH LP TERM LOAN B                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1092112 | PA      | $1082556.52   | 0.20%             | 2031-11-04      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| QUIDELORTHO CORP TL B 1L BANKDEBT                 | QUIDELORTHO CORP TERM LOAN                                                                                                  | CUSIP: 74840YAH7<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |    518900 | PA      | $518251.38    | 0.10%             | 2032-08-20      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC TL B 1L BANKDEBT            | QUIKRETE HOLDINGS INC 2025 TERM LOAN B                                                                                      | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   3382337 | PA      | $3378886.77   | 0.63%             | 2032-01-30      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| N/A                                               | RADIATE HOLDCO LLC 2025 DELAYED DRAW TERM LOAN                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    146250 | PA      | $145884.38    | 0.03%             | 2029-06-26      | Floating      | 7.67%                 | No            |                  3 | On Loan: No      |
| RADIATE HOLDCO LLC PIK-TERM FIFO 1L USD BKDBTPIK  | RADIATE HOLDCO LLC 2025 FLFO TERM LOAN                                                                                      | CUSIP: 75025KAM0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |    974972 | PA      | $844160.25    | 0.16%             | 2029-09-25      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| N/A                                               | RADIATE HOLDCO LLC 2025 TERM LOAN                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     48750 | PA      | $48628.13     | 0.01%             | 2029-06-26      | Floating      | 7.67%                 | No            |                  3 | On Loan: No      |
| REALPAGE TL 1L BANKDEBT                           | REALPAGE INC 2024 INCREMENTAL TERM LOAN                                                                                     | CUSIP: 75605VAH5<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    700622 | PA      | $652328.59    | 0.12%             | 2028-04-24      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| REALPAGE INC TL B 1L BANKDEBT                     | REALPAGE, INC. 1ST LIEN TERM LOAN                                                                                           | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    280766 | PA      | $258773.62    | 0.05%             | 2028-04-24      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| PLAYCORE TL B 1L BANKDEBT                         | RECESS HOLDINGS INC 2025 REPRICED TERM LOAN                                                                                 | CUSIP: 72811HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    313417 | PA      | $313940.49    | 0.06%             | 2030-02-20      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| LIFTOFF TL B 1L BANKDEBT                          | RED PLANET BORROWER LLC 2025 TERM LOAN B                                                                                    | CUSIP: 57165KAE6<br>LEI: 254900LGTHBRY5NA0C90 | Long             | LON              | CORP              | US        |   2465000 | PA      | $2383359.20   | 0.44%             | 2032-09-08      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOLDINGS TL B 1L BANKDEBT             | RENAISSANCE HOLDING CORP 2024 1ST LIEN TERM LOAN                                                                            | CUSIP: 75972JAK0<br>LEI: 549300UKKEC0Y6TXNF09 | Long             | LON              | CORP              | US        |   1507005 | PA      | $1125732.38   | 0.21%             | 2030-04-05      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| N/A                                               | RESILIENCE PARENT LLC 2ND LIEN TERM LOAN                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2865000 | PA      | $2836350.00   | 0.53%             | 2033-01-22      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| MACLEAN TL B 1L BANKDEBT                          | RESILIENCE PARENT LLC TERM LOAN B                                                                                           | CUSIP: 75908HAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4920000 | PA      | $4907700.00   | 0.91%             | 2033-01-22      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| RIVIAN HLD/AUTO LLC 144A                          | RIVIAN HLD/AUTO LLC SR SECURED 144A 01/31 10                                                                                | CUSIP: 76954LAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4265000 | PA      | $4034972.26   | 0.75%             | 2031-01-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY TL B 1L BANKDEBT                   | RYAN SPECIALTY GROUP LLC 2024 USD TERM LOAN B                                                                               | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |    247700 | PA      | $247080.75    | 0.05%             | 2031-09-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP 144A                         | RYAN SPECIALTY GROUP SR SECURED 144A 02/30 4.375                                                                            | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    160000 | PA      | $155667.37    | 0.03%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SABRE FINANCIAL BORROWER 144A                     | SABRE FINANCIAL BORROWER SR SECURED 144A 06/29 11.125                                                                       | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $602067.31    | 0.11%             | 2029-06-15      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| SABRE TL B 1L BANKDEBT                            | SABRE GLBL INC 2024 TERM LOAN B1                                                                                            | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    357588 | PA      | $247032.43    | 0.05%             | 2029-11-15      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC TL B1 1L USD BANKDEBT              | SABRE GLBL INC 2025 TERM LOAN B1                                                                                            | CUSIP: 78571YBM1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    342752 | PA      | $238212.42    | 0.04%             | 2029-07-30      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| SABRE GLBL INC 144A                               | SABRE GLBL INC SR SECURED 144A 11/29 10.75                                                                                  | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     34000 | PA      | $25100.61     | 0.00%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| N/A                                               | SALAS OBRIEN INC DELAYED DRAW TERM LOAN                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     55714 | PA      | $55505.36     | 0.01%             | 2033-01-31      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| N/A                                               | SALAS OBRIEN INC TERM LOAN                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    404286 | PA      | $402769.64    | 0.07%             | 2033-01-31      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| N/A                                               | SAM BIDCO SAS 2024 USD TERM LOAN B7                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    696583 | PA      | $696583.01    | 0.13%             | 2027-12-13      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| SANDISK TL 1L BANKDEBT                            | SANDISK CORP TERM LOAN B                                                                                                    | CUSIP: 80004YAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    107036 | PA      | $107035.98    | 0.02%             | 2032-02-20      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CMS INC TL B 1L USD BANKDEBT             | SEDGWICK CLAIMS MGMT SRVCS INC 2023 TERM LOAN B                                                                             | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |   6687190 | PA      | $6463169.24   | 1.20%             | 2031-07-31      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST 144A                     | SERVICE PROPERTIES TRUST SR SECURED 144A 09/28 0.00000                                                                      | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    355000 | PA      | $323945.41    | 0.06%             | 2027-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST 144A                     | SERVICE PROPERTIES TRUST SR SECURED 144A 11/31 8.625                                                                        | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126242.62    | 0.02%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC TL B 1L USD BANKDEBT          | SHIFT4 PAYMENTS LLC 2025 REPRICED TERM LOAN B                                                                               | CUSIP: 82453JAC2<br>LEI: 254900GTEMR7L40VPI74 | Long             | LON              | CORP              | US        |    568575 | PA      | $567864.28    | 0.11%             | 2032-07-03      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| SIMPLY GOOD FOODS USA TL B 1L USD BANKDEBT        | SIMPLY GOOD FOODS USA, INC. 2023 TERM LOAN B                                                                                | CUSIP: 04761PAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    261484 | PA      | $262302.35    | 0.05%             | 2030-03-17      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION TL B6 1L BANKDEBT             | SINCLAIR TELEVISION GROUP INC 2025 TERM LOAN B6                                                                             | CUSIP: 829229AU7<br>LEI: 549300CQGEN0CH65UD62 | Long             | LON              | CORP              | US        |    448095 | PA      | $380880.95    | 0.07%             | 2029-12-31      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| N/A                                               | SNACKING INVEST BIDCO PTY LTD 2025 TERM LOAN B                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |    495000 | PA      | $494381.25    | 0.09%             | 2032-10-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| SOLARWINDS TL 1L BANKDEBT                         | SOLARWINDS HOLDINGS INC 2025 TERM LOAN                                                                                      | CUSIP: 85554UAB0<br>LEI: 254900ZM34IBOK68V949 | Long             | LON              | CORP              | US        |    359100 | PA      | $307479.38    | 0.06%             | 2032-04-16      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| HARD ROCK TL B 1L BANKDEBT                        | SPECTACLE GARY HOLDINGS LLC 2021 TERM LOAN B                                                                                | CUSIP: 40443NAC4<br>LEI: 549300V1ELIRK8JURN28 | Long             | LON              | CORP              | US        |    964671 | PA      | $927695.02    | 0.17%             | 2028-12-11      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| N/A                                               | SPEED MIDCO 3 SARL 2025 USD TERM LOAN                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    925000 | PA      | $922687.50    | 0.17%             | 2032-10-07      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| SS&C TL B8 1L BANKDEBT                            | SS+C TECHNOLOGIES INC 2024 TERM LOAN B8                                                                                     | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |    144322 | PA      | $142978.79    | 0.03%             | 2031-05-09      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| STAPLES TL B 1L BANKDEBT                          | STAPLES INC 2024 TERM LOAN B                                                                                                | CUSIP: 855031AU4<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |    261816 | PA      | $233670.47    | 0.04%             | 2029-09-04      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| SYNEOS TL B 1L BANKDEBT                           | STAR PARENT INC TERM LOAN B                                                                                                 | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    316912 | PA      | $306387.32    | 0.06%             | 2030-09-27      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC TL 1L USD BANKDEBT    | SURGERY CENTER HOLDINGS INC 2025 TERM LOAN B                                                                                | CUSIP: 86880NBD4<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |   3753594 | PA      | $3754944.91   | 0.70%             | 2030-12-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| N/A                                               | SWEETWATER BORROWER LLC 2026 TERM LOAN B                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    450000 | PA      | $450562.50    | 0.08%             | 2033-02-17      | Floating      | 7.66%                 | No            |                  3 | On Loan: No      |
| T. Rowe Price Government Reserve Fund             | T. Rowe Price Government Reserve Fund                                                                                       | CUSIP: 000000000<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        | 107176404 | NS      | $107176404.28 | 19.86%            |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY SUPPLY TL B 1L BANKDEBT              | TALEN ENERGY SUPPLY LLC 2024 INCREMENTAL TERM LOAN B                                                                        | CUSIP: 87422LAY6<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |   2629660 | PA      | $2634261.44   | 0.49%             | 2031-12-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY TL B 1L BANKDEBT              | TALEN ENERGY SUPPLY LLC 2025 TERM LOAN B                                                                                    | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |   1967731 | PA      | $1971174.67   | 0.37%             | 2032-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC 144A                      | TALEN ENERGY SUPPLY LLC SR SECURED 144A 06/30 8.625                                                                         | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    885000 | PA      | $931433.27    | 0.17%             | 2030-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC TL B 1L USD BANKDEBT      | TALEN ENERGY SUPPLY, LLC 2023 TERM LOAN B                                                                                   | CUSIP: 87422LAV2<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |   1702483 | PA      | $1706126.65   | 0.32%             | 2030-05-17      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC TL B 1L USD BANKDEBT     | TEAM HEALTH HOLDINGS INC 2026 REPRICED TERM LOAN B                                                                          | CUSIP: 87817JAJ7<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |   2083846 | PA      | $2079762.08   | 0.39%             | 2028-06-30      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| TENNECO TL B 1L BANKDEBT                          | TENNECO INC 2022 TERM LOAN B                                                                                                | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |    570000 | PA      | $561210.60    | 0.10%             | 2028-11-17      | Floating      | 8.77%                 | No            |                  2 | On Loan: No      |
| TERRAFORM TL B 1L BANKDEBT                        | TERRAFORM POWER OPERATING, LLC 2023 TERM LOAN B                                                                             | CUSIP: 88103NAL4<br>LEI: 5493000S2OLR3UT5BE13 | Long             | LON              | CORP              | US        |    971347 | PA      | $970132.38    | 0.18%             | 2029-05-21      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| THE MEN'S WEARHOUSE LLC 144A                      | THE MEN S WEARHOUSE LLC SR SECURED 144A 02/31 9                                                                             | CUSIP: 587118AF7<br>LEI: NKFP7BJ6WYEV4I24P532 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51501.48     | 0.01%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR TL B 1L BANKDEBT                      | TK ELEVATOR MIDCO GMBH 2025 USD TERM LOAN B                                                                                 | CUSIP: 8869969C3<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | DE        |    897091 | PA      | $896686.97    | 0.17%             | 2030-04-30      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                               | TK ELEVATOR MIDCO GMBH 2026 USD TERM LOAN B                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |    200000 | PA      | $200000.00    | 0.04%             | 2030-04-30      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| TKO GROUP TL B5 1L BANKDEBT                       | TKO WORLDWIDE HOLDINGS LLC. 2025 TERM LOAN                                                                                  | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |   5335590 | PA      | $5336710.34   | 0.99%             | 2031-11-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| TOWNSQUARE TL B 1L BANKDEBT                       | TOWNSQUARE MEDIA INC 2025 TERM LOAN                                                                                         | CUSIP: 89223EAG8<br>LEI: 549300XBA8C68H0DR538 | Long             | LON              | CORP              | US        |    441492 | PA      | $326704.26    | 0.06%             | 2030-02-19      | Floating      | 8.59%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC TL L 1L BANKDEBT                    | TRANSDIGM INC 2024 TERM LOAN                                                                                                | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    228418 | PA      | $228237.77    | 0.04%             | 2032-01-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC TL K 1L BANKDEBT                    | TRANSDIGM INC 2025 TERM LOAN K                                                                                              | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1777952 | PA      | $1775871.84   | 0.33%             | 2030-03-22      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM TL M 1L BANKDEBT                        | TRANSDIGM INC 2025 TERM LOAN M                                                                                              | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   2380638 | PA      | $2379256.73   | 0.44%             | 2032-08-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC TL N 1L BANKDEBT                    | TRANSDIGM INC 2026 TERM LOAN N                                                                                              | CUSIP: 89364MCG7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    360000 | PA      | $360273.60    | 0.07%             | 2033-02-10      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC 144A                                | TRANSDIGM INC SR SECURED 144A 08/28 6.75                                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    440000 | PA      | $447782.83    | 0.08%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM TL J 1L BANKDEBT                        | TRANSDIGM INC. 2023 TERM LOAN J                                                                                             | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   4498863 | PA      | $4497738.43   | 0.83%             | 2031-02-28      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| N/A                                               | TRIO BIDCO, INC. 2025 DELAYED DRAW TERM LOAN                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    180000 | PA      | $174150.00    | 0.03%             | 2032-10-29      | Floating      | 0.50%                 | No            |                  2 | On Loan: No      |
| N/A                                               | TRIO BIDCO, INC. 2025 TERM LOAN B                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2055000 | PA      | $1988212.50   | 0.37%             | 2032-10-08      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| TRUIST INSURANCE HOLDING TL 2L BANKDEBT           | TRUIST INSURANCE HOLDINGS LLC 2ND LIEN TERM LOAN                                                                            | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4853182 | PA      | $4808678.71   | 0.89%             | 2032-05-06      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC TL 1L BANKDEBT                  | U S RENAL CARE INC 2023 SUPERPRIORITY TERM LOAN                                                                             | CUSIP: 90290PAS3<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |   1080938 | PA      | $1020546.47   | 0.19%             | 2028-06-28      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| UKG INC TL B 1L USD BANKDEBT                      | UKG  INC, 2024 TERM LOAN B                                                                                                  | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   7776754 | PA      | $7345144.62   | 1.36%             | 2031-02-10      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| UKG INC 144A                                      | UKG INC SR SECURED 144A 02/31 6.875                                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    415000 | PA      | $402713.44    | 0.07%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED TALENT AGENCY LLC TL B 1L USD BANKDEBT     | UNITED TALENT AGENCY LLC 2025 REPRICED TERM LOAN B                                                                          | CUSIP: 91301QAP2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     84250 | PA      | $83828.50     | 0.02%             | 2032-06-10      | Floating      | 6.66%                 | No            |                  3 | On Loan: No      |
| TELEVISAUNIVISION TL B 1L BANKDEBT                | UNIVISION COMMUNICATIONS INC 2022 FIRST LIEN TERM LOAN B                                                                    | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    393118 | PA      | $388204.06    | 0.07%             | 2029-06-24      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| UNIVISION TL B 1L BANKDEBT                        | UNIVISION COMMUNICATIONS INC 2022 TERM LOAN B                                                                               | CUSIP: 914908BB3<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   2567649 | PA      | $2551601.18   | 0.47%             | 2029-01-31      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| TELEVISAUNIVISION TL B 1L BANKDEBT                | UNIVISION COMMUNICATIONS INC. 2024 TERM LOAN B                                                                              | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    569043 | PA      | $567147.66    | 0.11%             | 2029-01-31      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS 144A                     | UNIVISION COMMUNICATIONS SR SECURED 144A 08/32 9.375                                                                        | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    645000 | PA      | $681901.91    | 0.13%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| USI INC/NY TL B 1L BANKDEBT                       | USI INC 2024 TERM LOAN C                                                                                                    | CUSIP: 90351NAQ8<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |      9875 | PA      | $9813.28      | 0.00%             | 2030-09-29      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| USI INC/NY 144A                                   | USI INC/NY SR UNSECURED 144A 01/32 7.5                                                                                      | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |    567000 | PA      | $582416.37    | 0.11%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC 144A                       | VENTURE GLOBAL LNG INC JR SUBORDINA 144A 12/99 VAR                                                                          | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    440000 | PA      | $384667.28    | 0.07%             | 2174-03-30      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC 144A                       | VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5                                                                            | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    280000 | PA      | $300321.66    | 0.06%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC 144A                       | VENTURE GLOBAL LNG INC SR SECURED 144A 02/32 9.875                                                                          | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    175000 | PA      | $185447.02    | 0.03%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE 144A                        | VENTURE GLOBAL PLAQUE SR SECURED 144A 05/33 7.5                                                                             | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    290000 | PA      | $321815.98    | 0.06%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                            | VERIZON COMMUNICATIONS SR UNSECURED 03/26 VAR                                                                               | CUSIP: 92343VGE8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183951.61    | 0.03%             | 2026-03-20      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| VIASAT INC TL B 1L BANKDEBT                       | VIASAT INC 2023 TERM LOAN                                                                                                   | CUSIP: 92555WAF2<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    847863 | PA      | $846802.77    | 0.16%             | 2030-05-30      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| VIASAT TL B 1L BANKDEBT                           | VIASAT INC TERM LOAN                                                                                                        | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    498979 | PA      | $498919.45    | 0.09%             | 2029-03-02      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP 144A                                  | VISTRA CORP JR SUBORDINA 144A 12/99 VAR                                                                                     | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    920000 | PA      | $1014087.14   | 0.19%             | 2174-07-15      | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP 144A                                  | VISTRA CORP JR SUBORDINA 144A VAR                                                                                           | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    231000 | PA      | $235074.05    | 0.04%             | 2174-04-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC TL B 1L USD BANKDEBT           | VOYAGER PARENT LLC REPRICED TERM LOAN B                                                                                     | CUSIP: 92921HAD7<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    982925 | PA      | $978472.35    | 0.18%             | 2032-07-01      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| WR GRACE TL B 1L BANKDEBT                         | W R GRACE + CO CONN 2025 TERM LOAN B                                                                                        | CUSIP: 92943HAD1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | LON              | CORP              | US        |    773362 | PA      | $772070.98    | 0.14%             | 2032-08-19      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| CALIBER COLLISION TL B 1L BANKDEBT                | WAND NEWCO 3 INC 2025 REPRICED TERM LOAN B                                                                                  | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |   1941063 | PA      | $1928659.20   | 0.36%             | 2031-01-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| WASH MULTIFAMILY TL B 1L BANKDEBT                 | WASH MULTIFAMILY PARENT INC TERM LOAN B                                                                                     | CUSIP: 93710RAB2<br>LEI: 254900VX9ZQVIOW7QI08 | Long             | LON              | CORP              | US        |    755000 | PA      | $758775.00    | 0.14%             | 2032-08-09      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| WATLOW ELECTRIC MANUFACT TL B 1L USD BANKDEBT     | WATLOW ELECTRIC MANUFCTRING CO TERM LOAN B                                                                                  | CUSIP: 94254PAC4<br>LEI: 54930089QP6NQUHLU558 | Long             | LON              | CORP              | US        |    594491 | PA      | $594741.13    | 0.11%             | 2028-03-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| WAYSTAR TL 1L BANKDEBT                            | WAYSTAR TECHNOLOGIES INC 2025 TERM LOAN B                                                                                   | CUSIP: 63939WAN3<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |   1180490 | PA      | $1170160.43   | 0.22%             | 2029-10-22      | Floating      | 5.67%                 | No            |                  3 | On Loan: No      |
| UNIVAR TL B 1L BANKDEBT                           | WINDSOR HOLDINGS III LLC 2025 USD TERM LOAN B                                                                               | CUSIP: 97360BAH8<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |   1449370 | PA      | $1446196.20   | 0.27%             | 2030-08-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| UNITI TL B 1L BANKDEBT                            | WINDSTREAM SERVICES LLC 2025 TERM LOAN B                                                                                    | CUSIP: 97381JAK9<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |    915000 | PA      | $915000.00    | 0.17%             | 2032-10-06      | Floating      | 7.67%                 | No            |                  3 | On Loan: No      |
| WULF COMPUTE LLC 144A                             | WULF COMPUTE LLC SR SECURED 144A 10/30 7.75                                                                                 | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $741160.48    | 0.14%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| X.AI LLC TL 1L BANKDEBT                           | X AI CORP FIXED TERM LOAN                                                                                                   | CUSIP: 98402XAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $283072.50    | 0.05%             | 2030-06-28      | Floating      | 12.50%                | No            |                  2 | On Loan: No      |
| XAI CORP TL B 1L BANKDEBT                         | X AI CORP TERM LOAN                                                                                                         | CUSIP: 98402XAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    759373 | PA      | $786627.34    | 0.15%             | 2030-06-28      | Floating      | 10.92%                | No            |                  2 | On Loan: No      |
| X/TWITTER TL 1L BANKDEBT                          | X CORP 2025 FIXED TERM LOAN                                                                                                 | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3935000 | PA      | $4125847.50   | 0.76%             | 2029-10-26      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| X/TWITTER TL B1 1L BANKDEBT                       | X CORP TERM LOAN                                                                                                            | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4101876 | PA      | $4110408.01   | 0.76%             | 2029-10-26      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| X.AI LLC/X.AI CO ISSUER 144A                      | X.AI LLC/X.AI CO ISSUER SR SECURED 144A 06/30 12.5                                                                          | CUSIP: 983984AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    960000 | PA      | $1093376.95   | 0.20%             | 2030-06-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC PIK-TERM 1L USD BKDBTPIK  | ZAYO GROUP HOLDINGS INC 2025 USD TERM LOAN                                                                                  | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    746322 | PA      | $717401.96    | 0.13%             | 2030-03-11      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-06

**Name of Applicant:** T. Rowe Price Exchange-Traded Funds, Inc.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President