# EDGAR Filing Document

**Accession Number:** 0002008638
**File Stem:** 0001193125-25-219572
**Filing Date:** 2025-9
**Character Count:** 104337
**Document Hash:** 7991d21f1ccdd0b2b9515e5f320db4c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-219572.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001193125-25-219572

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** John Hancock CQS Multi Asset Credit Fund
- **CENTRAL INDEX KEY:** 0002008638

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23937
- **FILM NUMBER:** 251346799

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-663-3000

**MAIL ADDRESS:**
- **STREET 1:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** John Hancock Multi Asset Credit Fund
- **DATE OF NAME CHANGE:** 20240118

## Nport-Ex

![](img164fed461.gif)

#### Quarterly portfolio holdings

## John Hancock

## CQS Multi Asset Credit Fund

## Closed-end alternative
July 31, 2025

Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.

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Consolidated Fund's investments

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#### As of 7-31-25 (unaudited)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | **Value** |
| **Corporate bonds 21.8%** | **Corporate bonds 21.8%** | **Corporate bonds 21.8%** |  |  | &nbsp;&nbsp;**$17843722** |
| (Cost $16,812,193) |  |  |  |  |  |
| **Communication services 0.9%** | **Communication services 0.9%** | **Communication services 0.9%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**703608** |
| **Media 0.9%** | **Media 0.9%** | **Media 0.9%** |  |  |  |
| Virgin Media Secured Finance PLC | &nbsp;&nbsp;&nbsp;&nbsp;4.125 | &nbsp;&nbsp;08-15-30 | &nbsp;&nbsp;GBP | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597792 |
| Ziggo Bond Company BV | &nbsp;&nbsp;&nbsp;&nbsp;6.125 | &nbsp;&nbsp;11-15-32 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105816 |
| **Consumer discretionary 2.3%** | **Consumer discretionary 2.3%** | **Consumer discretionary 2.3%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1896372** |
| **Hotels, restaurants and leisure 1.6%** | **Hotels, restaurants and leisure 1.6%** | **Hotels, restaurants and leisure 1.6%** |  |  |  |
| 888 Acquisitions, Ltd. | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;05-15-30 | &nbsp;&nbsp;GBP | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545428 |
| Pinnacle Bidco PLC | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;10-11-28 | &nbsp;&nbsp;GBP | 139000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193930 |
| Punch Finance PLC | &nbsp;&nbsp;&nbsp;&nbsp;7.875 | &nbsp;&nbsp;12-30-30 | &nbsp;&nbsp;GBP | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135018 |
| Stonegate Pub Company Financing PLC | &nbsp;&nbsp;10.750 | &nbsp;&nbsp;07-31-29 | &nbsp;&nbsp;GBP | 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429456 |
| **Textiles, apparel and luxury goods 0.7%** | **Textiles, apparel and luxury goods 0.7%** | **Textiles, apparel and luxury goods 0.7%** |  |  |  |
| CT Investment GmbH | &nbsp;&nbsp;&nbsp;&nbsp;6.375 | &nbsp;&nbsp;04-15-30 | &nbsp;&nbsp;EUR | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592540 |
| **Consumer staples 1.8%** | **Consumer staples 1.8%** | **Consumer staples 1.8%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1511964** |
| **Consumer staples distribution and retail 1.4%** | **Consumer staples distribution and retail 1.4%** | **Consumer staples distribution and retail 1.4%** |  |  |  |
| Bellis Acquisition Company PLC | &nbsp;&nbsp;&nbsp;&nbsp;8.125 | &nbsp;&nbsp;05-14-30 | &nbsp;&nbsp;GBP | 420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527633 |
| Market Bidco Finco PLC | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;01-31-31 | &nbsp;&nbsp;GBP | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655372 |
| **Food products 0.4%** | **Food products 0.4%** | **Food products 0.4%** |  |  |  |
| Sigma Holdco BV | &nbsp;&nbsp;&nbsp;&nbsp;8.625 | &nbsp;&nbsp;04-15-31 | &nbsp;&nbsp;EUR | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328959 |
| **Financials 15.3%** | **Financials 15.3%** | **Financials 15.3%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**12499483** |
| **Banks 7.0%** | **Banks 7.0%** | **Banks 7.0%** |  |  |  |
| Banco de Sabadell SA (6.500% to 5-20-31, then 5 Year Euro Swap Rate + 4.281%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.500 | &nbsp;&nbsp;05-20-31 | &nbsp;&nbsp;EUR | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474976 |
| Bank of Cyprus Holdings PLC (11.875% to 12-21-28, then 5 Year EURIBOR ICE Swap Rate + 9.126%) (A) | &nbsp;&nbsp;11.875 | &nbsp;&nbsp;12-21-28 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277349 |
| Banque Internationale a Luxembourg SA (7.250% to 3-7-31, then 5 Year EURIBOR ICE Swap Rate + 5.111%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;09-07-30 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239698 |
| Barclays PLC (4.375% to 9-15-28, then 5 Year CMT + 3.410%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.375 | &nbsp;&nbsp;03-15-28 |  | 229000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217598 |
| Barclays PLC (8.500% to 12-15-30, then 5 Year British Pound Swap Rate + 4.881%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;8.500 | &nbsp;&nbsp;06-15-30 | &nbsp;&nbsp;GBP | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;694901 |
| BAWAG Group AG (7.250% to 3-18-30, then 5 Year EURIBOR ICE Swap Rate + 5.052%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.250 | &nbsp;&nbsp;09-18-29 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240747 |
| CCF Holding SAS (9.250% to 12-12-29, then 5 Year Euro Swap Rate + 6.631%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;9.250 | &nbsp;&nbsp;06-12-29 | &nbsp;&nbsp;EUR | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499434 |
| Close Brothers Group PLC (11.125% to 5-29-29, then 5 Year United Kingdom Gilt Rate + 7.039%) (A) | &nbsp;&nbsp;11.125 | &nbsp;&nbsp;11-29-28 | &nbsp;&nbsp;GBP | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689297 |
| Coventry Building Society (8.750% to 12-11-29, then 5 Year United Kingdom Gilt Rate + 4.727%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;8.750 | &nbsp;&nbsp;06-11-29 | &nbsp;&nbsp;GBP | 204000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284098 |
| Deutsche Pfandbriefbank AG (7.125% to 10-4-30, then 5 Year EURIBOR ICE Swap Rate + 4.859%) | &nbsp;&nbsp;&nbsp;&nbsp;7.125 | &nbsp;&nbsp;10-04-35 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232319 |
| La Banque Postale SA (3.000% to 5-20-29, then 5 Year Euro Swap Rate + 3.121%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;11-20-28 | &nbsp;&nbsp;EUR | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627135 |
| NIBC Bank NV (8.250% to 7-4-30, then 5 Year Euro Swap Rate + 5.599%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;8.250 | &nbsp;&nbsp;01-04-30 | &nbsp;&nbsp;EUR | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247724 |
| OTP Bank NYRT (7.300% to 7-30-30, then 5 Year CMT + 2.861%) | &nbsp;&nbsp;&nbsp;&nbsp;7.300 | &nbsp;&nbsp;07-30-35 |  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519941 |
| Societe Generale SA (5.375% to 11-18-30, then 5 Year CMT + 4.514%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;11-18-30 |  | 282000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261218 |
| Standard Chartered PLC (4.300% to 2-19-29, then 5 Year CMT + 3.135%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.300 | &nbsp;&nbsp;08-19-28 |  | 201000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189698 |
| **Capital markets 4.1%** | **Capital markets 4.1%** | **Capital markets 4.1%** |  |  |  |
| Deutsche Bank AG (4.625% to 4-30-28, then 5 Year EURIBOR ICE Swap Rate + 4.747%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.625 | &nbsp;&nbsp;10-30-27 | &nbsp;&nbsp;EUR | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665725 |
| Investec PLC (10.500% to 2-28-30, then 5 Year United Kingdom Gilt Rate + 6.566%) (A) | &nbsp;&nbsp;10.500 | &nbsp;&nbsp;08-28-29 | &nbsp;&nbsp;GBP | 252000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370813 |
| Thulite SA (B) | &nbsp;&nbsp;10.437 | &nbsp;&nbsp;07-04-44 | &nbsp;&nbsp;EUR | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2287420 |
| **Financial services 3.0%** | **Financial services 3.0%** | **Financial services 3.0%** |  |  |  |
| Aareal Bank AG (9.875% to 7-31-30, then 5 Year CMT + 5.068%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;9.875 | &nbsp;&nbsp;07-31-30 |  | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639756 |
| Deutsche Pfandbriefbank AG (5 Year EURIBOR ICE Swap Rate + 5.383%) (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;8.474 | &nbsp;&nbsp;04-28-28 | &nbsp;&nbsp;EUR | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432912 |
| Kane Bidco, Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7.750 | &nbsp;&nbsp;07-15-31 | &nbsp;&nbsp;GBP | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671942 |
| OSB Group PLC (6.000% to 4-7-27, then 5 Year United Kingdom Gilt Rate + 5.393%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;6.000 | &nbsp;&nbsp;10-07-26 | &nbsp;&nbsp;GBP | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524654 |
| Sherwood Financing PLC | &nbsp;&nbsp;&nbsp;&nbsp;9.625 | &nbsp;&nbsp;12-15-29 | &nbsp;&nbsp;GBP | 169000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227721 |
| **Insurance 1.2%** | **Insurance 1.2%** | **Insurance 1.2%** |  |  |  |
| Pension Insurance Corp. PLC | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;11-13-33 | &nbsp;&nbsp;GBP | 131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191422 |

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1 JOHN HANCOCK CQS MULTI ASSET CREDIT FUND \| QUARTERLY REPORT SEE NOTES TO CONSOLIDATED FUND'S INVESTMENTS

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | **Value** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |  |  |  |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |  |  |  |
| RL Finance Bonds No.6 PLC (10.125% to 11-25-33, then 5 Year United Kingdom Gilt Rate + 6.344%) (A) | &nbsp;&nbsp;10.125 | &nbsp;&nbsp;05-25-33 | &nbsp;&nbsp;GBP | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$308491 |
| Rothesay Life PLC (4.875% to 10-13-27, then 5 Year CMT + 3.580%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;04-13-27 |  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482494 |
| **Health care 0.9%** | **Health care 0.9%** | **Health care 0.9%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**727286** |
| **Biotechnology 0.9%** | **Biotechnology 0.9%** | **Biotechnology 0.9%** |  |  |  |
| Grifols SA | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;05-01-30 | &nbsp;&nbsp;EUR | 604000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727286 |
| **Materials 0.1%** | **Materials 0.1%** | **Materials 0.1%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**113146** |
| **Chemicals 0.1%** | **Chemicals 0.1%** | **Chemicals 0.1%** |  |  |  |
| INEOS Quattro Finance 2 PLC | &nbsp;&nbsp;&nbsp;&nbsp;6.750 | &nbsp;&nbsp;04-15-30 | &nbsp;&nbsp;EUR | 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113146 |
| **Real estate 0.5%** | **Real estate 0.5%** | **Real estate 0.5%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**391863** |
| **Real estate management and development 0.5%** | **Real estate management and development 0.5%** | **Real estate management and development 0.5%** |  |  |  |
| Aroundtown Finance Sarl (8.625% to 8-7-29, then 5 Year United Kingdom Gilt Rate + 4.493% to 8-7-34, then United Kingdom Gilt Rate + 4.743% to 8-7-49, then United Kingdom Gilt Rate + 5.493%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;8.625 | &nbsp;&nbsp;05-07-29 | &nbsp;&nbsp;GBP | 102000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136390 |
| CPI Property Group SA (4.875% to 11-16-26, then 5 Year Euro Swap Rate + 5.733% to 11-16-31, then 5 Year Euro Swap Rate + 5.983% to 11-16-46, then 5 Year Euro Swap Rate + 6.733%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;08-18-26 | &nbsp;&nbsp;EUR | 132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146114 |
| CPI Property Group SA (7.500% to 6-24-31, then Year EURIBOR ICE Swap Rate + 5.232% to 6-24-36, then Year EURIBOR ICE Swap Rate + 5.482% to 6-24-46, then Year EURIBOR ICE Swap Rate + 6.232%) (A) | &nbsp;&nbsp;&nbsp;&nbsp;7.500 | &nbsp;&nbsp;03-26-31 | &nbsp;&nbsp;EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109359 |
| **Term loans (D) 39.9%** |  |  |  |  | **$32624978** |
| (Cost $32,227,810) |  |  |  |  |  |
| **Communication services 3.1%** | **Communication services 3.1%** | **Communication services 3.1%** | **Communication services 3.1%** | **Communication services 3.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2561664 |
| **Entertainment 0.3%** | **Entertainment 0.3%** | **Entertainment 0.3%** | **Entertainment 0.3%** | **Entertainment 0.3%** | **Entertainment 0.3%** |
| Hoya Midco LLC, 2025 Term Loan B (3 month CME Term SOFR + 2.250%) | &nbsp;&nbsp;&nbsp;&nbsp;6.558 | &nbsp;&nbsp;02-03-29 |  | 249375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216256 |
| **Interactive media and services 1.7%** | **Interactive media and services 1.7%** | **Interactive media and services 1.7%** | **Interactive media and services 1.7%** | **Interactive media and services 1.7%** | **Interactive media and services 1.7%** |
| MH Sub I LLC, 2023 Term Loan (1 month CME Term SOFR + 4.250%) | &nbsp;&nbsp;&nbsp;&nbsp;8.606 | &nbsp;&nbsp;05-03-28 |  | 90936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86526 |
| ZPG, Ltd., 2023 GBP Term Loan B (1 month SONIA + 5.500%) | &nbsp;&nbsp;&nbsp;&nbsp;6.756 | &nbsp;&nbsp;07-20-28 | &nbsp;&nbsp;GBP | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1320095 |
| **Media 1.1%** | **Media 1.1%** | **Media 1.1%** | **Media 1.1%** | **Media 1.1%** | **Media 1.1%** |
| Directv Financing LLC, 2024 Term Loan (3 month CME Term SOFR + 5.250%) | &nbsp;&nbsp;&nbsp;&nbsp;9.820 | &nbsp;&nbsp;08-02-29 |  | 442455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438287 |
| Nexstar Media, Inc., 2025 Term Loan B5 (1 month CME Term SOFR + 2.500%) | &nbsp;&nbsp;&nbsp;&nbsp;6.856 | &nbsp;&nbsp;06-28-32 |  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500500 |
| **Consumer discretionary 8.2%** | **Consumer discretionary 8.2%** | **Consumer discretionary 8.2%** | **Consumer discretionary 8.2%** | **Consumer discretionary 8.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6698777 |
| **Diversified consumer services 2.8%** | **Diversified consumer services 2.8%** | **Diversified consumer services 2.8%** | **Diversified consumer services 2.8%** | **Diversified consumer services 2.8%** | **Diversified consumer services 2.8%** |
| AD Education SAS, 2024 EUR Term Loan B (6 month EURIBOR + 4.000%) | &nbsp;&nbsp;&nbsp;&nbsp;6.756 | &nbsp;&nbsp;11-14-31 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1145034 |
| Eagle Bidco, Ltd., 2021 EUR Term Loan B (1 month EURIBOR + 3.250%) | &nbsp;&nbsp;&nbsp;&nbsp;6.756 | &nbsp;&nbsp;03-20-28 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1143345 |
| **Hotels, restaurants and leisure 2.2%** | **Hotels, restaurants and leisure 2.2%** | **Hotels, restaurants and leisure 2.2%** | **Hotels, restaurants and leisure 2.2%** | **Hotels, restaurants and leisure 2.2%** | **Hotels, restaurants and leisure 2.2%** |
| Bally's Corp., 2021 Term Loan B (3 month CME Term SOFR + 3.250%) | &nbsp;&nbsp;&nbsp;&nbsp;7.844 | &nbsp;&nbsp;10-02-28 |  | 91629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89892 |
| International Entertainment JJCo 3, Ltd., USD Term Loan B (3 month CME Term SOFR + 3.750%) | &nbsp;&nbsp;&nbsp;&nbsp;8.058 | &nbsp;&nbsp;04-29-32 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100500 |
| Kingpin Intermediate Holdings LLC, 2023 Term Loan B (1 month CME Term SOFR + 3.500%) | &nbsp;&nbsp;&nbsp;&nbsp;7.856 | &nbsp;&nbsp;02-08-28 |  | 496203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496203 |
| QSRP Finco Sarl, EUR Term Loan B (6 month EURIBOR + 4.000%) | &nbsp;&nbsp;&nbsp;&nbsp;6.069 | &nbsp;&nbsp;06-19-31 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1144258 |
| **Leisure products 0.6%** | **Leisure products 0.6%** | **Leisure products 0.6%** | **Leisure products 0.6%** | **Leisure products 0.6%** | **Leisure products 0.6%** |
| Recess Holdings, Inc., 2025 Repriced Term Loan (3 month CME Term SOFR + 3.750%) | &nbsp;&nbsp;&nbsp;&nbsp;8.069 | &nbsp;&nbsp;02-20-30 |  | 495006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496556 |
| **Specialty retail 1.3%** | **Specialty retail 1.3%** | **Specialty retail 1.3%** | **Specialty retail 1.3%** | **Specialty retail 1.3%** | **Specialty retail 1.3%** |
| PetSmart, Inc., 2021 Term Loan B (1 month CME Term SOFR + 3.750%) | &nbsp;&nbsp;&nbsp;&nbsp;8.206 | &nbsp;&nbsp;02-11-28 |  | 494859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493211 |
| Restoration Hardware, Inc., Term Loan B (1 month CME Term SOFR + 2.500%) | &nbsp;&nbsp;&nbsp;&nbsp;6.971 | &nbsp;&nbsp;10-20-28 |  | 84571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81622 |
| Victra Holdings LLC, 2025 Repriced Term Loan B (3 month CME Term SOFR + 4.250%) | &nbsp;&nbsp;&nbsp;&nbsp;8.546 | &nbsp;&nbsp;03-31-29 |  | 475312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475907 |
| **Textiles, apparel and luxury goods 1.3%** | **Textiles, apparel and luxury goods 1.3%** | **Textiles, apparel and luxury goods 1.3%** | **Textiles, apparel and luxury goods 1.3%** | **Textiles, apparel and luxury goods 1.3%** | **Textiles, apparel and luxury goods 1.3%** |
| Breitling Financing Sarl, 2021 EUR Term Loan B (6 month EURIBOR + 3.900%) | &nbsp;&nbsp;&nbsp;&nbsp;5.937 | &nbsp;&nbsp;10-25-28 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1032249 |
| **Consumer staples 3.7%** | **Consumer staples 3.7%** | **Consumer staples 3.7%** | **Consumer staples 3.7%** | **Consumer staples 3.7%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3022656 |
| **Consumer staples distribution and retail 1.3%** | **Consumer staples distribution and retail 1.3%** | **Consumer staples distribution and retail 1.3%** | **Consumer staples distribution and retail 1.3%** | **Consumer staples distribution and retail 1.3%** | **Consumer staples distribution and retail 1.3%** |
| Market Bidco, Ltd., 2024 EUR Term Loan B (3 month EURIBOR + 4.500%) | &nbsp;&nbsp;&nbsp;&nbsp;6.627 | &nbsp;&nbsp;11-04-30 | &nbsp;&nbsp;EUR | 900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1023105 |

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SEE NOTES TO CONSOLIDATED FUND'S INVESTMENTS JOHN HANCOCK CQS MULTI ASSET CREDIT FUND \| QUARTERLY REPORT 2

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | **Value** |
| **Consumer staples (continued)** | **Consumer staples (continued)** | **Consumer staples (continued)** | **Consumer staples (continued)** | **Consumer staples (continued)** |  |
| **Food products 2.4%** | **Food products 2.4%** | **Food products 2.4%** | **Food products 2.4%** | **Food products 2.4%** | **Food products 2.4%** |
| Alltech, Inc., 2025 Term Loan (1 month CME Term SOFR + 4.250%) | &nbsp;&nbsp;8.721 | &nbsp;&nbsp;08-13-30 |  | 497468 | &nbsp;&nbsp;&nbsp;$498712 |
| Artisan Newco BV, 2025 EUR Term Loan B (3 month EURIBOR + 4.000%) | &nbsp;&nbsp;5.961 | &nbsp;&nbsp;04-01-32 | &nbsp;&nbsp;EUR | 989866 | &nbsp;&nbsp;1134436 |
| Froneri US, Inc., 2024 USD Term Loan B4 (6 month CME Term SOFR + 2.000%) | &nbsp;&nbsp;6.197 | &nbsp;&nbsp;09-30-31 |  | 229683 | &nbsp;&nbsp;&nbsp;&nbsp;227653 |
| Nourish Buyer I, Inc., 2025 Term Loan B (3 month CME Term SOFR + 4.500%) | &nbsp;&nbsp;8.818 | &nbsp;&nbsp;07-09-32 |  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99500 |
| Primary Products Finance LLC, 1st Lien Term Loan B (E) | &nbsp;&nbsp;&nbsp;&nbsp;TBD | &nbsp;&nbsp;04-01-29 |  | 40017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39250 |
| **Financials 3.6%** | **Financials 3.6%** | **Financials 3.6%** | **Financials 3.6%** | **Financials 3.6%** | &nbsp;&nbsp;2952260 |
| **Capital markets 0.6%** | **Capital markets 0.6%** | **Capital markets 0.6%** | **Capital markets 0.6%** | **Capital markets 0.6%** | **Capital markets 0.6%** |
| Sedgwick Claims Management Services, Inc., 2023 Term Loan B (1 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.358 | &nbsp;&nbsp;07-31-31 |  | 496250 | &nbsp;&nbsp;&nbsp;&nbsp;496662 |
| **Consumer finance 0.0%** | **Consumer finance 0.0%** | **Consumer finance 0.0%** | **Consumer finance 0.0%** | **Consumer finance 0.0%** | **Consumer finance 0.0%** |
| NorthAB LLC, 2025 Repriced Term Loan B (3 month CME Term SOFR + 2.500%) | &nbsp;&nbsp;6.796 | &nbsp;&nbsp;11-23-28 |  | 42376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41908 |
| **Financial services 0.6%** | **Financial services 0.6%** | **Financial services 0.6%** | **Financial services 0.6%** | **Financial services 0.6%** | **Financial services 0.6%** |
| GC Ferry Acquisition I, Inc., Delayed Draw Term Loan B (E) | &nbsp;&nbsp;&nbsp;&nbsp;TBD | &nbsp;&nbsp;06-06-32 |  | 69738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68649 |
| GC Ferry Acquisition I, Inc., Term Loan B (E) | &nbsp;&nbsp;&nbsp;&nbsp;TBD | &nbsp;&nbsp;06-06-32 |  | 408468 | &nbsp;&nbsp;&nbsp;&nbsp;402087 |
| **Insurance 2.4%** | **Insurance 2.4%** | **Insurance 2.4%** | **Insurance 2.4%** | **Insurance 2.4%** | **Insurance 2.4%** |
| Acrisure LLC, 2024 1st Lien Term Loan B6 (1 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.356 | &nbsp;&nbsp;11-06-30 |  | 496256 | &nbsp;&nbsp;&nbsp;&nbsp;495636 |
| Asurion LLC, 2025 Term Loan B13 (1 month CME Term SOFR + 4.250%) | &nbsp;&nbsp;8.606 | &nbsp;&nbsp;09-19-30 |  | 310334 | &nbsp;&nbsp;&nbsp;&nbsp;303585 |
| Athena Bidco SASU, 2024 EUR Term Loan B2 (3 month EURIBOR + 3.250%) | &nbsp;&nbsp;5.230 | &nbsp;&nbsp;04-14-31 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;1143733 |
| **Health care 3.8%** | **Health care 3.8%** | **Health care 3.8%** | **Health care 3.8%** | **Health care 3.8%** | &nbsp;&nbsp;3091789 |
| **Health care providers and services 2.6%** | **Health care providers and services 2.6%** | **Health care providers and services 2.6%** | **Health care providers and services 2.6%** | **Health care providers and services 2.6%** | **Health care providers and services 2.6%** |
| Ensemble RCM LLC, 2024 Term Loan B (3 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;7.308 | &nbsp;&nbsp;08-01-29 |  | 494987 | &nbsp;&nbsp;&nbsp;&nbsp;496982 |
| Inception Finco Sarl, 2025 EUR Term Loan B (3 month EURIBOR + 3.500%) | &nbsp;&nbsp;5.480 | &nbsp;&nbsp;04-09-31 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;1143927 |
| Team Public Choices LLC, Term Loan (3 month CME Term SOFR + 5.000%) | &nbsp;&nbsp;9.570 | &nbsp;&nbsp;12-20-27 |  | 465881 | &nbsp;&nbsp;&nbsp;&nbsp;461637 |
| **Health care technology 0.6%** | **Health care technology 0.6%** | **Health care technology 0.6%** | **Health care technology 0.6%** | **Health care technology 0.6%** | **Health care technology 0.6%** |
| Cotiviti, Inc., 2024 Term Loan (1 month CME Term SOFR + 2.750%) | &nbsp;&nbsp;7.079 | &nbsp;&nbsp;05-01-31 |  | 493769 | &nbsp;&nbsp;&nbsp;&nbsp;492125 |
| **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** | **Pharmaceuticals 0.6%** |
| Endo Finance Holdings, Inc., 2024 1st Lien Term Loan (1 month CME Term SOFR + 4.000%) | &nbsp;&nbsp;8.356 | &nbsp;&nbsp;04-23-31 |  | 496250 | &nbsp;&nbsp;&nbsp;&nbsp;497118 |
| **Industrials 10.4%** | **Industrials 10.4%** | **Industrials 10.4%** | **Industrials 10.4%** | **Industrials 10.4%** | &nbsp;&nbsp;8460290 |
| **Commercial services and supplies 6.9%** | **Commercial services and supplies 6.9%** | **Commercial services and supplies 6.9%** | **Commercial services and supplies 6.9%** | **Commercial services and supplies 6.9%** | **Commercial services and supplies 6.9%** |
| Albion Financing 3 SARL, 2025 EUR Term Loan (3 month EURIBOR + 3.000%) | &nbsp;&nbsp;5.024 | &nbsp;&nbsp;05-21-31 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;1139647 |
| Allied Universal Holdco LLC, 2021 USD Incremental Term Loan B (1 month CME Term SOFR + 3.750%) | &nbsp;&nbsp;8.206 | &nbsp;&nbsp;05-12-28 |  | 296501 | &nbsp;&nbsp;&nbsp;&nbsp;296978 |
| Financiere Pax SAS, 2025 EUR Term Loan B (6 month EURIBOR + 4.000%) | &nbsp;&nbsp;6.756 | &nbsp;&nbsp;12-31-29 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;1141850 |
| HomeServe USA Holding Corp., 2024 Term Loan B (1 month CME Term SOFR + 2.000%) | &nbsp;&nbsp;6.351 | &nbsp;&nbsp;10-21-30 |  | 493750 | &nbsp;&nbsp;&nbsp;&nbsp;492669 |
| Prime Security Services Borrower LLC, 2025 Incremental Term Loan B2 (E) | &nbsp;&nbsp;&nbsp;&nbsp;TBD | &nbsp;&nbsp;03-07-32 |  | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;248595 |
| Shilton Bidco, Ltd., 2025 EUR Term Loan B (3 month EURIBOR + 3.750%) | &nbsp;&nbsp;5.730 | &nbsp;&nbsp;01-14-30 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;1143642 |
| Techem Verwaltungsgesellschaft 675 mbH, 2024 EUR Term Loan B5 (3 month EURIBOR + 3.500%) | &nbsp;&nbsp;5.638 | &nbsp;&nbsp;07-15-29 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;1146472 |
| **Construction and engineering 0.6%** | **Construction and engineering 0.6%** | **Construction and engineering 0.6%** | **Construction and engineering 0.6%** | **Construction and engineering 0.6%** | **Construction and engineering 0.6%** |
| Flynn Canada, Ltd., Term Loan B (1 month CME Term SOFR + 4.500%) | &nbsp;&nbsp;8.971 | &nbsp;&nbsp;07-31-28 |  | 483444 | &nbsp;&nbsp;&nbsp;&nbsp;479818 |
| **Ground transportation 0.1%** | **Ground transportation 0.1%** | **Ground transportation 0.1%** | **Ground transportation 0.1%** | **Ground transportation 0.1%** | **Ground transportation 0.1%** |
| Beacon Mobility Corp., 2025 Term Loan B (E) | &nbsp;&nbsp;&nbsp;&nbsp;TBD | &nbsp;&nbsp;06-17-30 |  | 63494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63454 |
| Beacon Mobility Corp., Delayed Draw Term Loan (E) | &nbsp;&nbsp;&nbsp;&nbsp;TBD | &nbsp;&nbsp;06-17-30 |  | 8698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8692 |
| **Machinery 0.6%** | **Machinery 0.6%** | **Machinery 0.6%** | **Machinery 0.6%** | **Machinery 0.6%** | **Machinery 0.6%** |
| Brown Group Holding LLC, 2022 Incremental Term Loan B2 (1 and 3 month CME Term SOFR + 2.500%) | &nbsp;&nbsp;6.828 | &nbsp;&nbsp;07-01-31 |  | 22387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22409 |
| Brown Group Holding LLC, Term Loan B (1 month CME Term SOFR + 2.500%) | &nbsp;&nbsp;6.856 | &nbsp;&nbsp;07-01-31 |  | 494886 | &nbsp;&nbsp;&nbsp;&nbsp;495227 |
| **Professional services 2.2%** | **Professional services 2.2%** | **Professional services 2.2%** | **Professional services 2.2%** | **Professional services 2.2%** | **Professional services 2.2%** |
| Camelot US Acquisition LLC, 2024 Term Loan B (1 month CME Term SOFR + 2.750%) | &nbsp;&nbsp;7.106 | &nbsp;&nbsp;01-31-31 |  | 464942 | &nbsp;&nbsp;&nbsp;&nbsp;464361 |
| Grant Thornton Advisors LLC, 2025 Delayed Draw Term Loan (1 month CME Term SOFR + 2.750%) | &nbsp;&nbsp;7.106 | &nbsp;&nbsp;06-02-31 |  | 7104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7106 |
| Grant Thornton Advisors LLC, 2025 Term Loan B (1 month CME Term SOFR + 2.500%) | &nbsp;&nbsp;6.856 | &nbsp;&nbsp;06-02-31 |  | 182150 | &nbsp;&nbsp;&nbsp;&nbsp;182183 |
| Impala Bidco 0, Ltd., GBP Term Loan (1 month SONIA + 5.250%) | &nbsp;&nbsp;9.467 | &nbsp;&nbsp;06-08-28 | &nbsp;&nbsp;GBP | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;927756 |

---

3 JOHN HANCOCK CQS MULTI ASSET CREDIT FUND \| QUARTERLY REPORT SEE NOTES TO CONSOLIDATED FUND'S INVESTMENTS

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** |  | **Par value^** | **Value** |
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |  |
| **Professional services (continued)** | **Professional services (continued)** | **Professional services (continued)** | **Professional services (continued)** | **Professional services (continued)** | **Professional services (continued)** |
| The Dun & Bradstreet Corp., 2024 Term Loan (1 month CME Term SOFR + 2.250%) | &nbsp;&nbsp;&nbsp;&nbsp;6.603 | &nbsp;&nbsp;01-18-29 |  | 199495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$199431 |
| **Information technology 6.3%** | **Information technology 6.3%** | **Information technology 6.3%** | **Information technology 6.3%** | **Information technology 6.3%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5185173 |
| **IT services 0.7%** | **IT services 0.7%** | **IT services 0.7%** | **IT services 0.7%** | **IT services 0.7%** | **IT services 0.7%** |
| Imprivata, Inc., 2025 Term Loan B (3 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;&nbsp;&nbsp;7.321 | &nbsp;&nbsp;12-01-27 |  | 496231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497030 |
| Sonicwall US Holdings, Inc., 2023 Term Loan (E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TBD | &nbsp;&nbsp;05-18-28 |  | 120519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119113 |
| **Software 4.4%** | **Software 4.4%** | **Software 4.4%** | **Software 4.4%** | **Software 4.4%** | **Software 4.4%** |
| Boxer Parent Company, Inc., 2025 USD Term Loan B (3 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;&nbsp;&nbsp;7.333 | &nbsp;&nbsp;07-30-31 |  | 498750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498585 |
| Claudius Finance Sarl, 2025 EUR Term Loan B5 (3 month EURIBOR + 2.750%) | &nbsp;&nbsp;&nbsp;&nbsp;4.776 | &nbsp;&nbsp;07-10-28 | &nbsp;&nbsp;EUR | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1139180 |
| Ivanti Software, Inc., 2025 1st Lien Term Loan (3 month CME Term SOFR + 4.750%) | &nbsp;&nbsp;&nbsp;&nbsp;9.023 | &nbsp;&nbsp;06-01-29 |  | 11141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9395 |
| Leia Finco US LLC, 1st Lien Term Loan (3 month CME Term SOFR + 3.250%) | &nbsp;&nbsp;&nbsp;&nbsp;7.570 | &nbsp;&nbsp;10-09-31 |  | 438607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438971 |
| McAfee Corp., 2024 USD 1st Lien Term Loan B (1 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;&nbsp;&nbsp;7.327 | &nbsp;&nbsp;03-01-29 |  | 496256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;478783 |
| Rocket Software, Inc., 2023 USD Term Loan B (1 month CME Term SOFR + 3.750%) | &nbsp;&nbsp;&nbsp;&nbsp;8.106 | &nbsp;&nbsp;11-28-28 |  | 997487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999363 |
| **Technology hardware, storage and peripherals 1.2%** | **Technology hardware, storage and peripherals 1.2%** | **Technology hardware, storage and peripherals 1.2%** | **Technology hardware, storage and peripherals 1.2%** | **Technology hardware, storage and peripherals 1.2%** | **Technology hardware, storage and peripherals 1.2%** |
| IN Smart Identity France SAS, 2024 EUR Term Loan B (3 month EURIBOR + 4.000%) | &nbsp;&nbsp;&nbsp;&nbsp;5.980 | &nbsp;&nbsp;09-29-28 | &nbsp;&nbsp;EUR | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856302 |
| Sandisk Corp., Term Loan B (3 month CME Term SOFR + 3.000%) | &nbsp;&nbsp;&nbsp;&nbsp;7.321 | &nbsp;&nbsp;02-20-32 |  | 149010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148451 |
| **Materials 0.8%** | **Materials 0.8%** | **Materials 0.8%** | **Materials 0.8%** | **Materials 0.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652369 |
| **Chemicals 0.7%** | **Chemicals 0.7%** | **Chemicals 0.7%** | **Chemicals 0.7%** | **Chemicals 0.7%** | **Chemicals 0.7%** |
| Bakelite US Holdco, Inc., 2024 Term Loan B (3 month CME Term SOFR + 3.750%) | &nbsp;&nbsp;&nbsp;&nbsp;8.046 | &nbsp;&nbsp;12-23-31 |  | 336714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334610 |
| Jadex, Inc., Term Loan (1 month CME Term SOFR + 4.750%) | &nbsp;&nbsp;&nbsp;&nbsp;9.221 | &nbsp;&nbsp;02-18-28 |  | 224793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204632 |
| **Containers and packaging 0.1%** | **Containers and packaging 0.1%** | **Containers and packaging 0.1%** | **Containers and packaging 0.1%** | **Containers and packaging 0.1%** | **Containers and packaging 0.1%** |
| Clydesdale Acquisition Holdings, Inc., 2025 Delayed Draw Term Loan (1 month CME Term SOFR + 3.250%) | &nbsp;&nbsp;&nbsp;&nbsp;1.804 | &nbsp;&nbsp;04-01-32 |  | 1979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59 |
| Clydesdale Acquisition Holdings, Inc., 2025 Term Loan B (1 month CME Term SOFR + 3.250%) | &nbsp;&nbsp;&nbsp;&nbsp;7.606 | &nbsp;&nbsp;04-01-32 |  | 113174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113068 |
| **Collateralized mortgage obligations 9.4%** | **Collateralized mortgage obligations 9.4%** |  |  |  | &nbsp;&nbsp;**$7711969** |
| (Cost $7,675,277) |  |  |  |  |  |
| **U.S. Government Agency 9.4%** | **U.S. Government Agency 9.4%** | **U.S. Government Agency 9.4%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7711969** |
| FARM Mortgage Trust | FARM Mortgage Trust | FARM Mortgage Trust | FARM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-2, Class B (F)(G) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-01-54 |  | &nbsp;&nbsp;&nbsp;&nbsp;3177222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2754686 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-DNA1, Class B2 (30 day Average SOFR + 5.364%) (C)(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01-25-50 |  | &nbsp;&nbsp;&nbsp;&nbsp;1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1911875 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA2, Class B2 (30 day Average SOFR + 6.000%) (C)(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;08-25-33 |  | &nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3045408 |
| **Asset-backed securities 20.7%** |  |  |  |  | **$16874607** |
| (Cost $15,945,557) |  |  |  |  |  |
| **Asset-backed securities 20.7%** | **Asset-backed securities 20.7%** | **Asset-backed securities 20.7%** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**16874607** |
| Ares European CLO XIII DAC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 13X, Class E (3 month EURIBOR + 6.350%) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-20-32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;2850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3264741 |
| Blackrock European CLO III DAC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 3X, Class ER (3 month EURIBOR + 6.130%) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-19-35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2284469 |
| Cairn CLO XII DAC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-12X, Class FR (3 month EURIBOR + 9.240%) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1701018 |
| FIGRE Trust |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2023-HE2, Class CE (F)(G) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05-25-53 |  | &nbsp;&nbsp;&nbsp;&nbsp;1657266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013407 |
| Harvest CLO XXIX DAC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 29A, Class ER (3 month EURIBOR + 6.270%) (C)(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;2860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3296469 |
| Providus CLO V DAC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 5X, Class E (3 month EURIBOR + 5.290%) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02-15-35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;2700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3049788 |
| Voya Euro CLO II DAC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2X, Class ER (3 month EURIBOR + 6.020%) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;07-15-35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1264715 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Yield (%)** | **Shares** | **Value** |
| **Short-term investments 3.3%** |  |  | **$2717503** |
| (Cost $2,717,503) |  |  |  |
| **Short-term funds 3.3%** |  |  | &nbsp;&nbsp;&nbsp;**2717503** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | &nbsp;&nbsp;4.2386(H) | &nbsp;&nbsp;2717503 | &nbsp;&nbsp;&nbsp;2717503 |

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SEE NOTES TO CONSOLIDATED FUND'S INVESTMENTS JOHN HANCOCK CQS MULTI ASSET CREDIT FUND \| QUARTERLY REPORT 4

------

---

| | |
|:---|:---|
| **Total investments (Cost $75,378,340) 95.1%** | &nbsp;&nbsp;**$77772779** |
| **Other assets and liabilities, net 4.9%** | &nbsp;&nbsp;&nbsp;&nbsp;**3990790** |
| **Total net assets 100.0%** | **$81763569** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. | ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| **Currency Abbreviations** | **Currency Abbreviations** |
| EUR | Euro |
| GBP | Pound Sterling |

---

---

| | |
|:---|:---|
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| CME | CME Group Published Rates |
| CMT | Constant Maturity Treasury |
| EURIBOR | Euro Interbank Offered Rate |
| ICE | Intercontinental Exchange |
| SOFR | Secured Overnight Financing Rate |
| SONIA | Sterling Overnight Interbank Average Rate |
| (A) | Perpetual bonds have no stated maturity date. Date shown as maturity date is next call date. |
| (B) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (C) | Variable rate obligation. The coupon rate shown represents the rate at period end. |
| (D) | Term loans are variable rate obligations. The rate shown represents the rate at period end. |
| (E) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which is disclosed as TBD (To Be Determined). |
| (F) | This security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $13,021,845 or 15.9% of the fund's net assets as of 7-31-25. |
| (G) | Variable or floating rate security, the interest rate of which adjusts periodically based on a weighted average of interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of period end. |
| (H) | The rate shown is the annualized seven-day yield as of 7-31-25. |

---

The fund had the following country composition as a percentage of net assets on 7-31-25:

---

| | |
|:---|:---|
| United States | &nbsp;&nbsp;&nbsp;&nbsp;37.6% |
| Ireland | &nbsp;&nbsp;&nbsp;&nbsp;18.5% |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;15.7% |
| Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;9.0% |
| France | &nbsp;&nbsp;&nbsp;&nbsp;6.9% |
| Germany | &nbsp;&nbsp;&nbsp;&nbsp;4.5% |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;2.2% |
| Spain | &nbsp;&nbsp;&nbsp;&nbsp;1.5% |
| Belgium | &nbsp;&nbsp;&nbsp;&nbsp;1.4% |
| Other countries | &nbsp;&nbsp;&nbsp;&nbsp;2.7% |
| **TOTAL** | **100.0%** |

---

5 JOHN HANCOCK CQS MULTI ASSET CREDIT FUND \| QUARTERLY REPORT SEE NOTES TO CONSOLIDATED FUND'S INVESTMENTS

------

#### DERIVATIVES

#### FORWARD FOREIGN CURRENCY CONTRACTS

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract to buy** | **Contract to buy** | **Contract to sell** | **Contract to sell** | **Counterparty (OTC)** | **Contractual<br> settlement<br> date** | **Unrealized<br> appreciation** | **Unrealized<br> depreciation** |
| GBP | &nbsp;&nbsp;1000000 | USD | &nbsp;&nbsp;1356617 | SSB | 8/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;$(35854) |
| USD | 41495722 | EUR | 35300000 | SSB | 8/14/2025 | &nbsp;&nbsp;&nbsp;$1184784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;825903 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;705000 | SSB | 8/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| USD | 10210538 | GBP | &nbsp;&nbsp;7500000 | SSB | 8/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| USD | &nbsp;&nbsp;1497710 | GBP | &nbsp;&nbsp;1110000 | SSB | 8/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  |  |  |  | **$1541818** | **$(35854)** |

---

---

| | |
|:---|:---|
| **Derivatives Currency Abbreviations** | **Derivatives Currency Abbreviations** |
| EUR | Euro |
| GBP | Pound Sterling |
| USD | U.S. Dollar |

---

---

| | |
|:---|:---|
| **Derivatives Abbreviations** | **Derivatives Abbreviations** |
| OTC | Over-the-counter |
| SSB | State Street Bank and Trust Company |

---

SEE NOTES TO CONSOLIDATED FUND'S INVESTMENTS JOHN HANCOCK CQS MULTI ASSET CREDIT FUND \| QUARTERLY REPORT 6

------

Notes to Consolidated Fund's investments (unaudited)

**Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the fund's valuation designee.**

In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Investments by the fund in open-end mutual funds are valued at their respective NAVs each business day. Forward foreign currency contracts are valued at the prevailing forward rates which are based on foreign currency exchange spot rates and forward points supplied by an independent pricing vendor. Foreign securities and currencies are valued in U.S. dollars based on foreign currency exchange rates supplied by an independent pricing vendor.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the Consolidated Fund's investments as of July 31, 2025, by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 7-31-25** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | **$17843722** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $15556302 | $2287420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**32624978** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32624978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateralized mortgage obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7711969** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7711969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-backed securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16874607** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16874607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2717503** | $2717503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$77772779** | **$2717503** | **$72767856** | **$2287420** |
| **Derivatives:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | **$1541818** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1541818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(35854)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35854) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. There were no transfers into or out of Level 3 during the period.

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Corporate<br> bonds** |
| Balance as of 10-31-24 | &nbsp;&nbsp;$2175500 |
| Purchases | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Sales | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Net amortization of (premium) discount | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Change in net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111920 |
| **Balance as of 7-31-25** | &nbsp;&nbsp;**$2287420** |
| Change in unrealized appreciation (depreciation) at period end<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;$111920 |

---

<sup>1</sup> Change in unrealized appreciation (depreciation) attributable to Level 3 securities held at period end.

The valuation techniques and significant amounts of unobservable inputs used in the fair value measurement of the fund's Level 3 securities are outlined in the table below.

---

| | |
|:---|:---|
| 7 | \| |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Fair Value<br> at 7-31-25** | &nbsp;&nbsp;&nbsp;**Valuation technique** | &nbsp;&nbsp;&nbsp;**Significant<br> unobservable inputs** | &nbsp;&nbsp;&nbsp;**Input/Range\*** | &nbsp;&nbsp;&nbsp;**Input weighted average\*** |
| Corporate bonds | &nbsp;&nbsp;$2287420 | &nbsp;&nbsp;Market approach | &nbsp;&nbsp;Bid-ask spread | &nbsp;&nbsp;EUR -0.75 | &nbsp;&nbsp;EUR -0.75 |

---

\*A weighted average is an average in which each input in the grouping is assigned a weighting before summing to a single average value. The weighting of the input is determined based on a security's fair value as a percentage of the total fair value.

A change to unobservable inputs of the fund's Level 3 securities as of July 31, 2025 could have resulted in changes to the fair value measurement, as follows:

---

| | | |
|:---|:---|:---|
| **Significant Unobservable Input** | &nbsp;&nbsp;&nbsp;**Impact to Valuation<br> if input had increased** | &nbsp;&nbsp;&nbsp;**Impact to Valuation<br> if input had decreased** |
| Bid-ask spread | &nbsp;&nbsp;Variable | &nbsp;&nbsp;Variable |

---

For additional information on the fund's significant accounting policies and risks, please refer to the fund's most recent semiannual or annual shareholder report and prospectus.

\|<sub>8</sub>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** John Hancock CQS Multi Asset Credit Fund

- **b. Investment Company Act file number:** 811-23937

- **c. CIK number of Registrant:** 0002008638

- **d. LEI of Registrant:** 254900GQEN52WHGH3I32

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

  - **Street Address 1:** 200 Berkeley Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02116

  - **Telephone number:** 617-543-9634

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

- **a. Name of Series:** John Hancock CQS Multi Asset Credit Fund

- **c. LEI of Series:** 254900DGKUAQ21QT3855

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $83144219.14

**Total Liabilities:** $1380652.79

**Net Assets:** $81763566.35

**Stand-by Commitments:** $1917.71

**Cash Not Reported:** $3254971.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1.575018000000 | **1-Year:** -82.715901000000 | **5-Year:** -156.310314000000 | **10-Year:** -139.059040000000 | **30-Year:** 0.000000000000

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

- **3-Month:** -72.187770000000 | **1-Year:** -5749.676597000000 | **5-Year:** -11753.000212000000 | **10-Year:** -2505.547294000000 | **30-Year:** -82.178073000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.88%                | 0.88%                | 0.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-648397.94              | $1101231.57                                |
| Month 2  | $992614.81               | $1623024.69                                |
| Month 3  | $106412.62               | $-1893289.17                               |

**Designated Index Information**

- **Index Name:** Fund's Designated Reference Portfolio is the Fund's Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Voya Euro CLO II Designated Activity Company           | VOYA EURO CLO II DAC VOYE 2X ER REGS                       | CUSIP: BCC31D780<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1100000 | PA      | $1264715.48   | 1.55%             | 2035-07-15      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Cairn CLO XII Designated Activity Company              | CAIRN CLO XII DAC CRNCL 2020 12X FR REGS                   | CUSIP: BCC33Y2Q7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1701018.29   | 2.08%             | 2034-07-15      | Floating      | 11.27%                | No            |                  2 | On Loan: No      |
| Harvest Clo XXIX Designated Activity Company           | HARVEST CLO XXIX DAC HARVT 29A ER 144A                     | CUSIP: BCC3GDSL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   2860000 | PA      | $3296468.79   | 4.03%             | 2037-07-15      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Rothesay Life PLC                                      | ROTHESAY LIFE PLC JR SUBORDINA REGS 12/99 VAR              | CUSIP: BS0525458<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    500000 | PA      | $482494.00    | 0.59%             | 2027-04-13      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Inception Finco S.a r.l.                               | INCEPTION HOLDCO SARL 2025 EUR TERM LOAN B                 | CUSIP: BA000FQL9<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1000000 | PA      | $1143926.94   | 1.40%             | 2031-04-09      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Kingpin Intermediate Holdings LLC                      | KINGPIN INTERMEDIATE HLDGS LLC 2023 TERM LOAN B            | CUSIP: 49579GAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    496203 | PA      | $496202.54    | 0.61%             | 2028-02-08      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Victra Holdings LLC                                    | LSF9 ATLANTIS HOLDINGS LLC 2025 REPRICED TERM LOAN B       | CUSIP: 50226BAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    475312 | PA      | $475906.61    | 0.58%             | 2029-03-31      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| Leia Finco US LLC                                      | NARKTRACE PLC TERM LOAN                                    | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    438607 | PA      | $438970.66    | 0.54%             | 2031-10-09      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| McAfee Corp.                                           | MCAFEE LLC 2024 USD 1ST LIEN TERM LOAN B                   | CUSIP: 57906HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    496256 | PA      | $478783.06    | 0.59%             | 2029-03-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc.                                     | NEXSTAR BROADCASTING INC 2025 TERM LOAN B5                 | CUSIP: 65336RBB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    500000 | PA      | $500500.00    | 0.61%             | 2032-06-28      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| NorthAB LLC                                            | NAB HOLDINGS LLC 2025 REPRICED TERM LOAN B                 | CUSIP: 66345FAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     42376 | PA      | $41908.29     | 0.05%             | 2028-11-23      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Nourish Buyer I Inc.                                   | NOURISH BUYER I INC 2025 TERM LOAN B                       | CUSIP: 66979CAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $99500.00     | 0.12%             | 2032-07-09      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC                                           | PETSMART INC 2021 TERM LOAN B                              | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    494859 | PA      | $493210.72    | 0.60%             | 2028-02-11      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| Recess Holdings Inc.                                   | RECESS HOLDINGS INC 2025 REPRICED TERM LOAN                | CUSIP: 72811HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    495006 | PA      | $496555.64    | 0.61%             | 2030-02-20      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Froneri US Inc.                                        | FRONERI LUX FINCO SARL 2024 USD TERM LOAN B4               | CUSIP: G3679YAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    229683 | PA      | $227652.97    | 0.28%             | 2031-09-30      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Shilton Bidco Limited                                  | SAFETY KLEEN EUROPE LIMITED 2025 EUR TERM LOAN B           | CUSIP: G8104CAD6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1000000 | PA      | $1143641.64   | 1.40%             | 2030-01-14      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                 | STANDARD CHARTERED PLC JR SUBORDINA REGS 12/99 VAR         | CUSIP: G84228EV6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    201000 | PA      | $189697.84    | 0.23%             | 2028-08-19      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Camelot U.S. Acquisition LLC                           | CAMELOT U S ACQUISITION LLC 2024 TERM LOAN B               | CUSIP: L2000AAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    464942 | PA      | $464360.67    | 0.57%             | 2031-01-31      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Market Bidco Finco PLC                                 | MARKET BIDCO FINCO PLC SR SECURED REGS 01/31 8.75          | CUSIP: YM0923834<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    500000 | PA      | $655372.47    | 0.80%             | 2031-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CPI Property Group S.A.                                | CPI PROPERTY GROUP SA JR SUBORDINA REGS 12/99 VAR          | CUSIP: YN6139466<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    100000 | PA      | $109359.06    | 0.13%             | 2031-03-26      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Sigma Holdco BV                                        | SIGMA HOLDCO BV COMPANY GUAR 04/31 8.625                   | CUSIP: YN6850476<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    300000 | PA      | $328958.85    | 0.40%             | 2031-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Deutsche Pfandbriefbank AG                             | DEUTSCHE PFANDBRIEFBANK AG SUBORDINATED REGS 10/35 VAR     | CUSIP: YN6857802<br>LEI: DZZ47B9A52ZJ6LT6VV95 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $232318.56    | 0.28%             | 2035-10-04      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Kane Bidco Limited                                     | KANE BIDCO LTD SR SECURED REGS 07/31 7.75                  | CUSIP: YN8737119<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    500000 | PA      | $671942.07    | 0.82%             | 2031-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PAX Holdco Spain SL                                    | AREAS WORLDWIDE SA 2025 EUR TERM LOAN B                    | CUSIP: BA000G1Q3<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1141849.95   | 1.40%             | 2029-12-31      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Artisan Newco B.V.                                     | ARTISAN NEWCO B V 2025 EUR TERM LOAN B                     | CUSIP: BA000GWQ9<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    989866 | PA      | $1134435.93   | 1.39%             | 2032-04-01      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| International Entertainment JJCo 3 Limited             | INTRNTNL ENTRTNMNT JJCO 3 LTD USD TERM LOAN B              | CUSIP: BA000HCT3<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    100000 | PA      | $100500.00    | 0.12%             | 2032-04-29      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| GC Ferry Acquisition I Inc.                            | GC FERRY ACQUISITION I INC TERM LOAN                       | CUSIP: BA000KWQ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    408468 | PA      | $402087.44    | 0.49%             | 2032-06-06      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GC Ferry Acquisition I Inc.                            | GC FERRY ACQUISITION I INC DELAYED DRAW TERM LOAN          | CUSIP: BA000KWR8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     69738 | PA      | $68649.08     | 0.08%             | 2032-06-06      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ares European Clo XIII Designated Activity Company     | ARES EUROPEAN CLO XIII DAC ARESE 13X E REGS                | CUSIP: BCC2M8PE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   2850000 | PA      | $3264745.15   | 3.99%             | 2032-07-20      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| Providus CLO V Designated Activity Company             | PROVIDUS CLO V DAC PRVD 5X E REGS                          | CUSIP: BCC2QX4M3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   2700000 | PA      | $3049788.36   | 3.73%             | 2035-02-15      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Blackrock European Clo III Designated Activity Company | BLACKROCK EUROPEAN CLO III DES BECLO 3X ER REGS            | CUSIP: BCC30YM13<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2284469.07   | 2.79%             | 2035-07-19      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| Virgin Media Secured Finance PLC                       | VIRGIN MEDIA SECURED FINANCE P SR SECURED REGS 08/30 4.125 | CUSIP: BK1202062<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    500000 | PA      | $597792.14    | 0.73%             | 2030-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Societe Generale                                       | SOCIETE GENERALE SA JR SUBORDINA REGS 12/99 VAR            | CUSIP: BM4480018<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    282000 | PA      | $261218.09    | 0.32%             | 2030-11-18      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                       | DEUTSCHE BANK AG JR SUBORDINA REGS 12/99 VAR               | CUSIP: BP3850578<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $665724.87    | 0.81%             | 2027-10-30      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| La Banque Postale                                      | LA BANQUE POSTALE SA JR SUBORDINA REGS 12/99 VAR           | CUSIP: BR5788533<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    600000 | PA      | $627134.76    | 0.77%             | 2028-11-20      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| OSB Group PLC                                          | OSB GROUP PLC JR SUBORDINA REGS 12/99 VAR                  | CUSIP: BR6437767<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    400000 | PA      | $524653.90    | 0.64%             | 2026-10-07      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| FLYNN CANADA TERM LOAN B                               | FLYNN CANADA TERM LOAN B                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |    483444 | PA      | $479817.87    | 0.59%             | 2028-07-31      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| Banco de Sabadell S.A.                                 | BANCO DE SABADELL SA JR SUBORDINA REGS 12/99 VAR           | CUSIP: YO4692720<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $474976.35    | 0.58%             | 2031-05-20      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Punch Finance PLC                                      | PUNCH FINANCE PLC SR SECURED REGS 12/30 7.875              | CUSIP: YO7072094<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    100000 | PA      | $135017.93    | 0.17%             | 2030-12-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Banque Internationale a Luxembourg S. A                | BANQUE INTERNATIONALE A LUXEMB JR SUBORDINA REGS 12/99 VAR | CUSIP: YR8386702<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $239697.54    | 0.29%             | 2030-09-07      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Aareal Bank AG                                         | AAREAL BANK AG JR SUBORDINA REGS VAR                       | CUSIP: YS6379640<br>LEI: EZKODONU5TYHW4PP1R34 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $639756.00    | 0.78%             | 2030-07-31      | Variable      | 9.88%                 | No            |                  2 | On Loan: No      |
| Breitling Financing S.a r.l.                           | BREITLING FINANCING SARL 2021 EUR TERM LOAN B              | CUSIP: 941VWNII1<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1000000 | PA      | $1032249.16   | 1.26%             | 2028-10-25      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| ZPG Limited                                            | ZEPHYR BIDCO LIMITED 2023 GBP TERM LOAN B                  | CUSIP: 948JGBII5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1000000 | PA      | $1320095.14   | 1.61%             | 2028-07-20      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Thulite SA                                             | THULITE SA 07/44 1                                         | CUSIP: ACI2QX711<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   2000000 | PA      | $2287420.22   | 2.80%             | 2044-07-04      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| Deutsche Pfandbriefbank AG                             | DEUTSCHE PFANDBRIEFBANK AG JR SUBORDINA REGS 12/99 VAR     | CUSIP: AS0978930<br>LEI: DZZ47B9A52ZJ6LT6VV95 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $432911.74    | 0.53%             | 2028-04-28      | Variable      | 8.47%                 | No            |                  2 | On Loan: No      |
| Idemia Identity and Security France                    | IDEMIA IDENT AND SECURI FR SAS 2024 EUR TERM LOAN B        | CUSIP: BA00012Q5<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    750000 | PA      | $856301.87    | 1.05%             | 2028-09-29      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Blitz F18-675 GmbH                                     | TCHM VRWLTNGSGSLLSCHFT 675 MBH 2024 EUR TERM LOAN B        | CUSIP: BA0001KY8<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |   1000000 | PA      | $1146471.81   | 1.40%             | 2029-07-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| QSRP Finco Sarl                                        | QSRP FINCO BV EUR TERM LOAN B                              | CUSIP: BA0004BF3<br>LEI: N/A                  | Long             | LON              | CORP              | BE        |   1000000 | PA      | $1144257.88   | 1.40%             | 2031-06-19      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Athena Bidco                                           | ATHENA HOLDCO SAS 2024 EUR 1ST LIEN TERM LOAN B            | CUSIP: BA0008TL2<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1143732.93   | 1.40%             | 2031-04-14      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Market Bidco Limited                                   | MARKET BIDCO LIMITED 2024 EUR TERM LOAN B                  | CUSIP: BA00095Q5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    900000 | PA      | $1023104.72   | 1.25%             | 2030-11-04      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| AD Education                                           | AD EDUCATION 2024 EUR TERM LOAN B                          | CUSIP: BA0009627<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1145033.90   | 1.40%             | 2031-11-14      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Claudius Finance S.a r.l.                              | CEGID GROUP SAS 2025 EUR TERM LOAN B5                      | CUSIP: BA000F607<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1000000 | PA      | $1139179.55   | 1.39%             | 2028-07-10      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                         | OTP BANK NYRT SUBORDINATED REGS 07/35 VAR                  | CUSIP: YS8272330<br>LEI: N/A                  | Long             | DBT              | CORP              | HU        |    500000 | PA      | $519941.00    | 0.64%             | 2035-07-30      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Sherwood Financing PLC                                 | SHERWOOD FINANCING PLC SR SECURED REGS 12/29 9.625         | CUSIP: YT4648440<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    169000 | PA      | $227721.17    | 0.28%             | 2029-12-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| INEOS Quattro Finance 2 Plc                            | INEOS QUATTRO FINANCE 2 PLC SR SECURED REGS 04/30 6.75     | CUSIP: YU1766572<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    105000 | PA      | $113146.34    | 0.14%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ziggo Bond Company B.V.                                | ZIGGO BOND CO BV SR UNSECURED REGS 11/32 6.125             | CUSIP: YU2103973<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    100000 | PA      | $105815.53    | 0.13%             | 2032-11-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                         | BAWAG GROUP AG JR SUBORDINA REGS 12/99 VAR                 | CUSIP: YV6772516<br>LEI: N/A                  | Long             | DBT              | CORP              | AT        |    200000 | PA      | $240746.78    | 0.29%             | 2029-09-18      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Grifols S.A.                                           | GRIFOLS SA SR SECURED REGS 05/30 7.5                       | CUSIP: YW3114736<br>LEI: N/A                  | Long             | DBT              | CORP              | ES        |    604000 | PA      | $727286.49    | 0.89%             | 2030-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Stonegate Pub Company Financing 2019 plc               | STONEGATE PUB CO FINANCING 201 SR SECURED REGS 07/29 10.75 | CUSIP: YW7336210<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    320000 | PA      | $429456.30    | 0.53%             | 2029-07-31      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Coventry Building Society                              | COVENTRY BUILDING SOCIETY JR SUBORDINA REGS 12/99 VAR      | CUSIP: YX5007407<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    204000 | PA      | $284097.70    | 0.35%             | 2029-06-11      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| CCF Holding                                            | CCF HOLDING SAS JR SUBORDINA REGS 12/99 VAR                | CUSIP: YX5567335<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    400000 | PA      | $499433.58    | 0.61%             | 2029-06-12      | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| NIBC Bank N.V.                                         | NIBC BANK NV JR SUBORDINA REGS 12/99 VAR                   | CUSIP: YX9928624<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    200000 | PA      | $247723.82    | 0.30%             | 2030-01-04      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| Bellis Acquisition Company PLC                         | BELLIS ACQUISITION CO PLC SR SECURED REGS 05/30 8.125      | CUSIP: ZB7830845<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    420000 | PA      | $527632.62    | 0.65%             | 2030-05-14      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc.                              | BOXER PARENT COMPANY INC 2025 USD TERM LOAN B              | CUSIP: 05988HAQ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    498750 | PA      | $498585.41    | 0.61%             | 2031-07-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                           | BARCLAYS PLC JR SUBORDINA 12/99 VAR                        | CUSIP: 06738EBT1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    229000 | PA      | $217598.34    | 0.27%             | 2028-03-15      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Beacon Mobility Corp.                                  | VAN POOL TRANSPORTATION LLC 2025 TERM LOAN                 | CUSIP: 07363PAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     63494 | PA      | $63454.47     | 0.08%             | 2030-06-17      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Beacon Mobility Corp.                                  | VAN POOL TRANSPORTATION LLC 2025 DELAYED DRAW TERM LOAN    | CUSIP: 07363PAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      8698 | PA      | $8692.40      | 0.01%             | 2030-06-17      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                                | BROWN GROUP HOLDING LLC TERM LOAN B                        | CUSIP: 11565HAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    494886 | PA      | $495227.20    | 0.61%             | 2031-07-01      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                                | BROWN GROUP HOLDING LLC 2022 TERM LOAN B2                  | CUSIP: 11565HAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     22387 | PA      | $22409.05     | 0.03%             | 2031-07-01      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                   | CLYDESDALE ACQUISTN HLDGS INC 2025 TERM LOAN B             | CUSIP: 18972FAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    113174 | PA      | $113067.74    | 0.14%             | 2032-04-01      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                   | CLYDESDALE ACQ HOLDINGS INC 2025 DELAYED DRAW TERM LOAN    | CUSIP: 18972FAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |        59 | PA      | $59.00        | 0.00%             | 2032-04-01      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| Cotiviti Inc.                                          | COTIVITI CORPORATION 2024 TERM LOAN                        | CUSIP: 22164MAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    493769 | PA      | $492124.50    | 0.60%             | 2031-05-01      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC                                  | DIRECTV FINANCING LLC 2024 TERM LOAN                       | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    442455 | PA      | $438287.32    | 0.54%             | 2029-08-02      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| The Dun and Bradstreet Corporation                     | DUN + BRADSTREET CRPRTN THE 2024 TERM LOAN                 | CUSIP: 26483NAW0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |    199495 | PA      | $199431.11    | 0.24%             | 2029-01-18      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| 888 Acquisitions Limited                               | 888 ACQUISITIONS LTD SR SECURED REGS 05/30 10.75           | CUSIP: ZB8128454<br>LEI: N/A                  | Long             | DBT              | CORP              | GI        |    400000 | PA      | $545428.37    | 0.67%             | 2030-05-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Aroundtown Finance S.a r.l.                            | AROUNDTOWN FINANCE SARL COMPANY GUAR VAR                   | CUSIP: ZB8344531<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    102000 | PA      | $136390.11    | 0.17%             | 2029-05-07      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                           | BARCLAYS PLC JR SUBORDINA 12/99 VAR                        | CUSIP: ZB9757814<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    500000 | PA      | $694900.84    | 0.85%             | 2030-06-15      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| Investec plc                                           | INVESTEC PLC JR SUBORDINA REGS 12/99 VAR                   | CUSIP: ZD2069429<br>LEI: N/A                  | Long             | DBT              | CORP              | ZA        |    252000 | PA      | $370813.27    | 0.45%             | 2029-08-28      | Variable      | 10.50%                | No            |                  2 | On Loan: No      |
| CT Investment GmbH                                     | CT INVESTMENT GMBH SR SECURED REGS 04/30 6.375             | CUSIP: ZD8251260<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |    500000 | PA      | $592539.77    | 0.72%             | 2030-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RL Finance Bonds No. 6 PLC                             | RL FINANCE BONDS NO 6 PLC COMPANY GUAR REGS 12/99 VAR      | CUSIP: ZK6541153<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $308490.59    | 0.38%             | 2033-05-25      | Variable      | 10.12%                | No            |                  2 | On Loan: No      |
| Bank of Cyprus Holdings Public Limited Company         | BANK OF CYPRUS HOLDINGS PLC JR SUBORDINA REGS 12/99 VAR    | CUSIP: ZK9557800<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    200000 | PA      | $277349.46    | 0.34%             | 2028-12-21      | Variable      | 11.88%                | No            |                  2 | On Loan: No      |
| CPI Property Group S.A.                                | CPI PROPERTY GROUP SA JR SUBORDINA REGS 12/99 VAR          | CUSIP: ZO4142857<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    132000 | PA      | $146114.23    | 0.18%             | 2026-08-18      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| SOLD EUR/BOUGHT USD                                    | SOLD EUR/BOUGHT USD                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | DE        |         1 | NC      | $1184784.44   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLD EUR/BOUGHT USD                                    | SOLD EUR/BOUGHT USD                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | DE        |         1 | NC      | $20612.59     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLD GBP/BOUGHT USD                                    | SOLD GBP/BOUGHT USD                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | GB        |         1 | NC      | $304818.16    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC                   | PRIME SECURITY SRVCS BRWR LLC 2025 INCREMENTAL TERM LOAN B | CUSIP: 03765VAQ3<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    250000 | PA      | $248595.00    | 0.30%             | 2032-03-07      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                            | ASURION LLC 2025 TERM LOAN B13                             | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    310334 | PA      | $303584.50    | 0.37%             | 2030-09-19      | Floating      | 8.54%                 | No            |                  2 | On Loan: No      |
| Bakelite US Holdco Inc.                                | BAKELITE US HOLDCO INC 2024 TERM LOAN B                    | CUSIP: 05710LAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    336714 | PA      | $334610.00    | 0.41%             | 2031-12-23      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Bally's Corporation                                    | BALLYS CORPORATION 2021 TERM LOAN B                        | CUSIP: 05875CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     91629 | PA      | $89892.11     | 0.11%             | 2028-10-02      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| Endo Finance Holdings Inc.                             | ENDO LUX FINAN COMPANY I SARL 2024 1ST LIEN TERM LOAN      | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    496250 | PA      | $497118.44    | 0.61%             | 2031-04-23      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                       | ENSEMBLE RCM LLC 2024 TERM LOAN B                          | CUSIP: 29359BAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    494987 | PA      | $496982.28    | 0.61%             | 2029-08-01      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| FARM 2024-2 MORTGAGE TRUST FARM 2024 2 B 144A          | FARM 2024-2 MORTGAGE TRUST FARM 2024 2 B 144A              | CUSIP: 307910AE9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3177222 | PA      | $2754685.75   | 3.37%             | 2054-08-01      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| FIGRE TRUST 2023-HE2 FIGRE 2023 HE2 CE 144A            | FIGRE TRUST 2023-HE2 FIGRE 2023 HE2 CE 144A                | CUSIP: 316925AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1657266 | PA      | $2013406.65   | 2.46%             | 2053-05-25      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR Remic Trust 2021-DNA2                | FREDDIE MAC STACR REMIC TRUST STACR 2021 DNA2 B2 144A      | CUSIP: 35564KDY2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $3045407.50   | 3.72%             | 2033-08-25      | Floating      | 10.35%                | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2020-Dna1                | FREDDIE MAC STACR REMIC TRUST STACR 2020 DNA1 B2 144A      | CUSIP: 35565HBE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1750000 | PA      | $1911875.00   | 2.34%             | 2050-01-25      | Floating      | 9.71%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                            | GRANT THORNTON ADVISORS LLC 2024 TERM LOAN B               | CUSIP: 38821UAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    182150 | PA      | $182182.92    | 0.22%             | 2031-06-02      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                            | GRANT THORNTON ADVISORS LLC 2024 DELAYED DRAW TERM LOAN    | CUSIP: 38821UAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      7104 | PA      | $7105.61      | 0.01%             | 2031-06-02      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| BOUGHT GBP/SOLD USD                                    | BOUGHT GBP/SOLD USD                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | GB        |         1 | NC      | $-35854.22    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Acrisure LLC                                           | ACRISURE LLC 2024 1ST LIEN TERM LOAN B6                    | CUSIP: 00488PAV7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    496256 | PA      | $495635.92    | 0.61%             | 2030-11-06      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 S.a r.l.                            | ALBION FINANCING 3 SARL 2025 EUR TERM LOAN                 | CUSIP: 01330EAC2<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |   1000000 | PA      | $1139647.44   | 1.39%             | 2031-05-21      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                            | ALLIED UNIVERSAL HOLDCO LLC 2021 USD TERM LOAN             | CUSIP: 01957TAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    296501 | PA      | $296977.98    | 0.36%             | 2028-05-12      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| Alltech Inc.                                           | ALLTECH INC 2025 TERM LOAN                                 | CUSIP: 02003DBB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    497468 | PA      | $498711.53    | 0.61%             | 2030-08-13      | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| SOLD GBP/BOUGHT USD                                    | SOLD GBP/BOUGHT USD                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | GB        |         1 | NC      | $31602.62     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                           | MH SUB I LLC 2023 TERM LOAN                                | CUSIP: 45567YAN5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90936 | PA      | $86525.60     | 0.11%             | 2028-05-03      | Floating      | 8.61%                 | No            |                  2 | On Loan: No      |
| Ivanti Software Inc.                                   | IVANTI SOFTWARE INC 2025 1ST LIEN TERM LOAN                | CUSIP: 46583DAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     11141 | PA      | $9394.76      | 0.01%             | 2029-06-01      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| Jadex Inc.                                             | JADEX INC TERM LOAN                                        | CUSIP: 73178EAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    224793 | PA      | $204631.63    | 0.25%             | 2028-02-18      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| Primary Products Finance LLC                           | PRIMARY PRODUCTS FINANCE LLC 2024 1ST LIEN TERM LOAN B     | CUSIP: 74167NAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     40017 | PA      | $39250.35     | 0.05%             | 2029-04-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware Inc.                              | RESTORATION HARDWARE IN TERM LOAN B                        | CUSIP: 76133MAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     84571 | PA      | $81621.74     | 0.10%             | 2028-10-20      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Rocket Software Inc.                                   | ROCKET SOFTWARE INC. 2023 USD TERM LOAN                    | CUSIP: 77313DAW1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997487 | PA      | $999362.72    | 1.22%             | 2028-11-28      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| State Street Bank and Trust Company                    | SCC GOVERMENT MM GVXX 20301231 00001.0000000000            | CUSIP: 7839989D1<br>LEI: 571474TGEMMWANRLN572 | Long             | STIV             | RF                | US        |   2714941 | NS      | $2714940.83   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corporation                                    | SANDISK CORP TERM LOAN B                                   | CUSIP: 80004YAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149010 | PA      | $148451.24    | 0.18%             | 2032-02-20      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services Inc.               | SEDGWICK CLAIMS MGMT SRVCS INC 2023 TERM LOAN B            | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    496250 | PA      | $496661.89    | 0.61%             | 2031-07-31      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Sonicwall US Holdings Inc.                             | SONICWALL US HOLDINGS INC 2023 TERM LOAN                   | CUSIP: 83547MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120519 | PA      | $119112.71    | 0.15%             | 2028-05-18      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Team Public Choices LLC                                | TEAM SERVICES GROUP TERM LOAN                              | CUSIP: 87821EAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    465881 | PA      | $461637.21    | 0.56%             | 2027-12-20      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| Eagle Bidco Limited                                    | EAGLE BIDCO LIMITED 2021 EUR TERM LOAN B                   | CUSIP: 937JIVII2<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1000000 | PA      | $1143344.92   | 1.40%             | 2028-03-20      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Impala Bidco 0 Limited                                 | IMPALA BIDCO 0 LIMITED GBP TERM LOAN                       | CUSIP: 937KDVII4<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1000000 | PA      | $927756.49    | 1.13%             | 2028-06-08      | Floating      | 9.47%                 | No            |                  2 | On Loan: No      |
| Close Brothers Group plc                               | CLOSE BROTHERS GROUP PLC JR SUBORDINA REGS 12/99 VAR       | CUSIP: ZG2604509<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    500000 | PA      | $689296.56    | 0.84%             | 2028-11-29      | Variable      | 11.12%                | No            |                  2 | On Loan: No      |
| Pinnacle Bidco PLC                                     | PINNACLE BIDCO PLC SR SECURED REGS 10/28 10                | CUSIP: ZH0985791<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    139000 | PA      | $193930.40    | 0.24%             | 2028-10-11      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Pension Insurance Corporation PLC                      | PENSION INSURANCE CORP PLC SUBORDINATED REGS 11/33 8       | CUSIP: ZH9737532<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    131000 | PA      | $191422.26    | 0.23%             | 2033-11-13      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HomeServe USA Holdings Corp                            | HOMESERVE USA HOLDING CORP 2024 TERM LOAN B                | CUSIP: 43761EAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    493750 | PA      | $492668.69    | 0.60%             | 2030-10-21      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Hoya Midco LLC                                         | HOYA MIDCO LLC 2025 TERM LOAN B                            | CUSIP: 44325HAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249375 | PA      | $216255.51    | 0.26%             | 2029-02-03      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| Imprivata Inc.                                         | IMPRIVATA INC 2025 TERM LOAN B                             | CUSIP: 45323KAG5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    496231 | PA      | $497030.09    | 0.61%             | 2027-12-01      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** John Hancock CQS Multi Asset Credit Fund

**Signature:** /s/Salvatore Schiavone

**Name of Signer:** Salvatore Schiavone

**Title:** Treasurer