# EDGAR Filing Document

**Accession Number:** 0001109441
**File Stem:** 0002071691-25-001605
**Filing Date:** 2025-9
**Character Count:** 138658
**Document Hash:** fb82fbd72ccae74586fd61096a528f56
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001605.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0002071691-25-001605

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Floating Rate Master Trust
- **CENTRAL INDEX KEY:** 0001109441

**ORGANIZATION NAME:**
- **EIN:** 943356217
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09869
- **FILM NUMBER:** 251333196

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN FLOATING RATE MASTER TRUST
- **DATE OF NAME CHANGE:** 20000316

## Series and Classes Contracts Data

### FRANKLIN FLOATING RATE MASTER SERIES (Series ID: S000007441)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000020415 | Class A      | XFFLX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Floating Rate Master Trust

- **b. Investment Company Act file number:** 811-09869

- **c. CIK number of Registrant:** 0001109441

- **d. LEI of Registrant:** 549300W87VC8PPTC1L66

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Floating Rate Master Series

- **b. EDGAR series identifier (if any):** S000007441

- **c. LEI of Series:** NP14B7B8WUT9K3HJC885

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

- **a. Date of fiscal year-end:** 2025-07-31

- **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:** $495834564.72

**Total Liabilities:** $25214521.30

**Net Assets:** $470620043.42

**Delayed Delivery Securities:** $22254757.40

**Cash Not Reported:** $1686818.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -35.48000000 | **1-Year:** -53.16000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -82.76000000 | **1-Year:** -23231.22000000 | **5-Year:** -100473.52000000 | **10-Year:** -15931.57000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020415 | 2.55%                | 0.54%                | 0.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-292765.11              | $11044948.16                               |
| Month 2  | $177225.01               | $-267319.47                                |
| Month 3  | $-83741.24               | $638991.31                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bausch + Lomb Corp.                                            | Bausch + Lomb Corp.                                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    320000 | PA      | $334032.00    | 0.07%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corp.                                    | Great Canadian Gaming Corp., First Lien, CME Term Loan, B                                         | CUSIP: C4111RAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1142356 | PA      | $1117367.21   | 0.24%             | 2029-11-01      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                                    | McGraw-Hill Education, Inc.                                                                       | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104034.00    | 0.02%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas, Inc.                                           | Hunter Douglas, Inc., First Lien, CME Term Loan, B1                                               | CUSIP: N8137FAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1424020 | PA      | $1426690.31   | 0.30%             | 2032-01-16      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Flexera Software LLC                                           | Flexera Software LLC, First Lien, CME Term Loan, B3                                               | CUSIP: 33937KAX2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    326279 | PA      | $326540.44    | 0.07%             | 2028-03-03      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| Ascend Learning LLC                                            | Ascend Learning LLC, Second Lien, Initial CME Term Loan                                           | CUSIP: 04349HAM6<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |    995008 | PA      | $996873.92    | 0.21%             | 2029-12-10      | Variable      | 10.21%                | No            |                  2 | On Loan: No      |
| BCPE Empire Holdings, Inc.                                     | BCPE Empire Holdings, Inc., First Lien, Amendment No. 8 Incremental CME Term Loan                 | CUSIP: 05550HAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1544225 | PA      | $1545391.12   | 0.33%             | 2030-12-11      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                        | American Airlines, Inc., First Lien, Initial CME Term Loan                                        | CUSIP: 02376CBM6<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    891000 | PA      | $888866.06    | 0.19%             | 2029-06-04      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                               | Proofpoint, Inc., First Lien, CME Term Loan                                                       | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   2114333 | PA      | $2120284.88   | 0.45%             | 2028-08-31      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Artera Services LLC                                            | Artera Services LLC, First Lien, CME Term Loan, C                                                 | CUSIP: 73937UAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    807955 | PA      | $673987.61    | 0.14%             | 2031-02-18      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                  | Calpine Corp., First Lien, 2024 CME Term Loan                                                     | CUSIP: 13134MBW2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    995000 | PA      | $996273.60    | 0.21%             | 2031-01-31      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| Sophos Holdings LLC                                            | Sophos Holdings LLC, First Lien, Dollar CME Term Loan                                             | CUSIP: 86875TAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1472885 | PA      | $1478474.74   | 0.31%             | 2027-03-05      | Variable      | 7.97%                 | No            |                  2 | On Loan: No      |
| Belfor Holdings, Inc.                                          | Belfor Holdings, Inc., First Lien, CME Term Loan, B3                                              | CUSIP: 07768YAQ5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1182349 | PA      | $1187527.75   | 0.25%             | 2030-11-01      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                              | Clarios Global LP, First Lien, 2024 Dollar CME Term Loan                                          | CUSIP: C8000CAM5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    582688 | PA      | $583561.91    | 0.12%             | 2030-05-06      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                                | LaserShip, Inc., First Lien, CME Term Loan, B1                                                    | CUSIP: 51809EAM7<br>LEI: 254900NGHREGOQUFUT53 | Long             | LON              | CORP              | US        |   2477432 | PA      | $1460446.24   | 0.31%             | 2029-08-10      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance BV                                             | Nouryon Finance BV, First Lien, November 2024 Dollar CME Term Loan, B1                            | CUSIP: N8232NAL1<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1171610 | PA      | $1173443.10   | 0.25%             | 2028-04-03      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| Aretec Group, Inc.                                             | Aretec Group, Inc., First Lien, CME Term Loan, B3                                                 | CUSIP: 04009DAH7<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |   1265541 | PA      | $1269495.41   | 0.27%             | 2030-08-09      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| Learning Care Group US No. 2, Inc.                             | Learning Care Group US No. 2, Inc., First Lien, CME Term Loan, B                                  | CUSIP: 52200MAL4<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |    398906 | PA      | $399737.30    | 0.08%             | 2028-08-11      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                                          | AssuredPartners, Inc., First Lien, 2024 CME Term Loan                                             | CUSIP: 04621HAW3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |   7760848 | PA      | $7785449.71   | 1.65%             | 2031-02-14      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield US Borrower LLC                            | Cushman & Wakefield US Borrower LLC, First Lien, 2024-3 CME Term Loan                             | CUSIP: 23340DAU6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98990 | PA      | $99691.66     | 0.02%             | 2030-01-31      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                     | Cloud Software Group, Inc., First Lien, Incremental CME Term Loan, B                              | CUSIP: 88632NBE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1206863 | PA      | $1212559.85   | 0.26%             | 2031-03-21      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp.                                           | CNT Holdings I Corp., First Lien, 2025 Replacement CME Term Loan                                  | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |   2388615 | PA      | $2395780.43   | 0.51%             | 2032-11-08      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                         | Neptune Bidco US, Inc., First Lien, Dollar CME Term Loan, B                                       | CUSIP: 64069JAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3116081 | PA      | $3001658.27   | 0.64%             | 2029-04-11      | Variable      | 9.43%                 | No            |                  2 | On Loan: No      |
| Nourish Buyer I, Inc.                                          | Nourish Buyer I, Inc., First Lien, Initial CME Term Loan                                          | CUSIP: 66979CAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    487342 | PA      | $487341.76    | 0.10%             | 2032-07-08      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| Millennium Corporate Claim Trust                               | Millennium Corporate Claim Trust, Escrow Account                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IN        |   6589709 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Coherent Corp.                                                 | Coherent Corp., First Lien, CME Term Loan, B2                                                     | CUSIP: 45173JAS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    308275 | PA      | $309508.01    | 0.07%             | 2029-07-02      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Crosby US Acquisition Corp.                                    | Crosby US Acquisition Corp., First Lien, Amendment No. 4 Replacement CME Term Loan                | CUSIP: 22739PAP1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    823620 | PA      | $829130.42    | 0.18%             | 2029-08-16      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| Franklin Senior Loan ETF                                       | Franklin Senior Loan ETF                                                                          | CUSIP: 35473P595<br>LEI: 549300I3TND36ZL4CK30 | Long             |  | RF                | US        |    112166 | NS      | $2723390.48   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Charlotte Buyer, Inc.                                          | Charlotte Buyer, Inc., First Lien, Second Refinancing CME Term Loan                               | CUSIP: 12568YAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3263182 | PA      | $3265237.91   | 0.69%             | 2028-02-11      | Variable      | 8.60%                 | No            |                  2 | On Loan: No      |
| AIP RD Buyer Corp.                                             | AIP RD Buyer Corp., First Lien, CME Term Loan                                                     | CUSIP: 00149HAC8<br>LEI: 5493000EBDLH9PYWBS30 | Long             | LON              | CORP              | US        |   2466587 | PA      | $2475948.07   | 0.53%             | 2030-12-23      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| Hanesbrands, Inc.                                              | Hanesbrands, Inc., First Lien, CME Term Loan, B                                                   | CUSIP: 410346AY6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    716323 | PA      | $720051.03    | 0.15%             | 2032-03-08      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| PG Polaris BidCo SARL                                          | PG Polaris BidCo SARL, First Lien, Initial CME Term Loan                                          | CUSIP: 91728NAB5<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | US        |   1164311 | PA      | $1169550.47   | 0.25%             | 2031-03-26      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings, Inc.                               | Medical Solutions Holdings, Inc., First Lien, CME Term Loan                                       | CUSIP: 58462QAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1436126 | PA      | $797645.81    | 0.17%             | 2028-11-01      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Crown Subsea Communications Holding, Inc.                      | Crown Subsea Communications Holding, Inc., First Lien, 2024 Term Loan                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1501799 | PA      | $1513693.13   | 0.32%             | 2031-01-30      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| EPIC Crude Services LP                                         | EPIC Crude Services LP, First Lien, CME Term Loan                                                 | CUSIP: 29428XAG5<br>LEI: 549300FRS682IQ7J9S42 | Long             | LON              | CORP              | US        |   1117000 | PA      | $1124478.32   | 0.24%             | 2031-10-15      | Variable      | 7.26%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                     | AAdvantage Loyalty IP Ltd., First Lien, CME Term Loan                                             | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3874248 | PA      | $3863593.52   | 0.82%             | 2028-04-20      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                                         | TK Elevator Midco GmbH, First Lien, CME Term Loan, B1                                             | CUSIP: D9000BAJ1<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | DE        |   1912766 | PA      | $1925437.66   | 0.41%             | 2030-04-30      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                             | DexKo Global, Inc., First Lien, Closing Date Dollar CME Term Loan                                 | CUSIP: 25213YAU9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1413817 | PA      | $1351481.66   | 0.29%             | 2028-10-04      | Variable      | 8.22%                 | No            |                  2 | On Loan: No      |
| Kenan Advantage Group, Inc.                                    | Kenan Advantage Group, Inc. (The), First Lien, U.S. CME Term Loan, B4                             | CUSIP: 48853UBQ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2258403 | PA      | $2252056.70   | 0.48%             | 2029-01-25      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                 | Cloudera, Inc., First Lien, Initial CME Term Loan                                                 | CUSIP: 74339VAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1878021 | PA      | $1807004.06   | 0.38%             | 2028-10-09      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group LP                                      | Flynn Restaurant Group LP, First Lien, CME Term Loan                                              | CUSIP: 34410JAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2443066 | PA      | $2448635.72   | 0.52%             | 2028-12-01      | Variable      | 8.69%                 | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                      | Michaels Cos., Inc. (The), First Lien, CME Term Loan, B                                           | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |   2019734 | PA      | $1722368.41   | 0.37%             | 2028-04-17      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Opal LLC                                                       | Opal LLC, First Lien, CME Term Loan, B2                                                           | CUSIP: F7000QAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1508347.50   | 0.32%             | 2032-04-23      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Madison Safety & Flow LLC                                      | Madison Safety & Flow LLC, First Lien, 2025 Incremental CME Term Loan                             | CUSIP: 55822DAM3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    994987 | PA      | $1000584.27   | 0.21%             | 2031-09-26      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                    | Grant Thornton Advisors LLC, First Lien, 2025 Incremental CME Term Loan                           | CUSIP: 38821UAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    771954 | PA      | $773471.06    | 0.16%             | 2031-06-02      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Bally's Corp.                                                  | Bally's Corp., First Lien, CME Term Loan, B                                                       | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |    545048 | PA      | $536758.10    | 0.11%             | 2028-10-02      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| GIH Borrower LLC                                               | GIH Borrower LLC, First Lien, CME Term Loan, B                                                    | CUSIP: 36173YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    470079 | PA      | $472017.81    | 0.10%             | 2031-11-26      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                      | First Student Bidco, Inc., First Lien, CME Term Loan, B                                           | CUSIP: 33718FAK6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1747504 | PA      | $1752151.87   | 0.37%             | 2028-07-21      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Primo Brands Corp.                                             | Primo Brands Corp., First Lien, 2025 Refinancing CME Term Loan                                    | CUSIP: 89678QAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1687280 | PA      | $1693142.97   | 0.36%             | 2028-03-31      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                          | Clydesdale Acquisition Holdings, Inc., First Lien, 2025 Incremental Delayed Draw CME Term Loan, B | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      1219 | PA      | $1219.36      | 0.00%             | 2032-04-01      | Variable      | 0.23%                 | No            |                  2 | On Loan: No      |
| Aveanna Healthcare LLC                                         | Aveanna Healthcare LLC, First Lien, 2021 Extended CME Term Loan                                   | CUSIP: 05549DAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4192093 | PA      | $4144932.14   | 0.88%             | 2028-07-17      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                   | Acrisure LLC, First Lien, 2025 Refinancing CME Term Loan, B                                       | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    525547 | PA      | $527518.25    | 0.11%             | 2032-06-21      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                    | Grant Thornton Advisors LLC, First Lien, 2025-2 Incremental CME Term Loan                         | CUSIP: 38821UAF7<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |   1700000 | PA      | $1705533.50   | 0.36%             | 2031-06-02      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                              | Cornerstone Building Brands, Inc., First Lien, CME Term Loan, C                                   | CUSIP: 72431HAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    815753 | PA      | $708347.25    | 0.15%             | 2031-05-15      | Variable      | 8.84%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                                                 | Cloudera, Inc., Second Lien, Initial CME Term Loan                                                | CUSIP: 74339VAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $879380.00    | 0.19%             | 2029-10-10      | Variable      | 10.46%                | No            |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                        | Phoenix Guarantor, Inc., First Lien, CME Term Loan, B5                                            | CUSIP: 71913BAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    957720 | PA      | $959841.62    | 0.20%             | 2031-02-21      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Priority Holdings LLC                                          | Priority Holdings LLC, First Lien, Initial CME Term Loan                                          | CUSIP: 74275TAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1056958 | PA      | $1060424.80   | 0.23%             | 2031-05-16      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                     | Cloud Software Group, Inc., First Lien, Initial Dollar CME Term Loan, B                           | CUSIP: 88632NBF6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   3496738 | PA      | $3506668.60   | 0.75%             | 2029-03-30      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                      | First Student Bidco, Inc., First Lien, CME Term Loan, B2                                          | CUSIP: 33718FAL4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1105471 | PA      | $1108864.41   | 0.24%             | 2028-07-21      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Chromalloy Corp.                                               | Chromalloy Corp., First Lien, CME Term Loan                                                       | CUSIP: 17110EAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    857909 | PA      | $861242.19    | 0.18%             | 2031-03-27      | Variable      | 8.04%                 | No            |                  2 | On Loan: No      |
| Pro Mach Group, Inc.                                           | Pro Mach Group, Inc., First Lien, Amendment No. 5 Refinancing CME Term Loan                       | CUSIP: 74273JAK9<br>LEI: 5493008SZGSVUCSNB151 | Long             | LON              | CORP              | US        |   1973204 | PA      | $1980889.19   | 0.42%             | 2028-08-31      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                           | Flutter Financing BV, First Lien, 2024 Refinancing CME Term Loan, B                               | CUSIP: N3313EAG5<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1320877 | PA      | $1318565.41   | 0.28%             | 2030-12-02      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                  | Dynasty Acquisition Co., Inc., First Lien, Initial CME Term Loan, B2                              | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    163688 | PA      | $164287.33    | 0.03%             | 2031-10-31      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| UGI Energy Services LLC                                        | UGI Energy Services LLC, First Lien, Initial CME Term Loan                                        | CUSIP: 90276DAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1251560 | PA      | $1258825.30   | 0.27%             | 2030-02-22      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                                              | Chariot Buyer LLC, First Lien, CME Term Loan, B                                                   | CUSIP: 15963CAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    491228 | PA      | $491635.79    | 0.10%             | 2032-07-22      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                                  | White Cap Supply Holdings LLC, First Lien, CME Term Loan, C                                       | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |   1554324 | PA      | $1554021.01   | 0.33%             | 2029-10-19      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Sovos Compliance LLC                                           | Sovos Compliance LLC, First Lien, Amendment No. 2 Replacement CME Term Loan                       | CUSIP: 84611YAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1174932 | PA      | $1177428.84   | 0.25%             | 2029-08-13      | Variable      | 8.36%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                        | American Airlines, Inc.                                                                           | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1359475.00   | 0.29%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Millennium Lender Claim Trust                                  | Millennium Lender Claim Trust, Escrow Account                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   6589709 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vmed O2 UK Financing I plc                                     | Vmed O2 UK Financing I plc                                                                        | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    360000 | PA      | $328376.30    | 0.07%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INEOS US Finance LLC                                           | INEOS US Finance LLC, First Lien, 2030 Dollar CME Term Loan                                       | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    510939 | PA      | $475970.33    | 0.10%             | 2030-02-18      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| Spring Education Group, Inc.                                   | Spring Education Group, Inc., First Lien, CME Term Loan                                           | CUSIP: 84840EAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    463506 | PA      | $467023.72    | 0.10%             | 2030-09-30      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Talos Energy, Inc.                                             | Talos Energy, Inc.                                                                                | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    213184 | NS      | $1822723.20   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Whatabrands LLC                                                | Whatabrands LLC, First Lien, 2024-2 Refinancing CME Term Loan. B                                  | CUSIP: 96244UAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1643254 | PA      | $1645447.78   | 0.35%             | 2028-08-03      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, Second Lien, 2021 CME Term Loan                                           | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1871447 | PA      | $1768517.47   | 0.38%             | 2028-03-30      | Variable      | 13.04%                | No            |                  2 | On Loan: No      |
| Red SPV LLC                                                    | Red SPV LLC, First Lien, Initial CME Term Loan                                                    | CUSIP: 75701MAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    897163 | PA      | $899406.03    | 0.19%             | 2032-03-15      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp.                                          | Reworld Holding Corp., First Lien, CME Term Loan, B                                               | CUSIP: 22282GAP2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    451038 | PA      | $452165.63    | 0.10%             | 2028-11-30      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                               | Proofpoint, Inc., First Lien, CME Term Loan                                                       | CUSIP: 74345HAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    444444 | PA      | $445695.60    | 0.09%             | 2028-08-31      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials                                  | Foundation Building Materials, Inc., First Lien, Term Loan                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2910294 | PA      | $2815142.35   | 0.60%             | 2031-01-29      | Variable      | 8.29%                 | No            |                  2 | On Loan: No      |
| Endo Finance Holdings, Inc.                                    | Endo Finance Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan                           | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    366687 | PA      | $368016.44    | 0.08%             | 2031-04-23      | Variable      | 8.36%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                    | Allied Universal Holdco LLC                                                                       | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    500000 | PA      | $524653.50    | 0.11%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                | TransDigm, Inc., First Lien, CME Term Loan, J                                                     | CUSIP: 89364MCA0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1278543 | PA      | $1283765.56   | 0.27%             | 2031-02-28      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                     | ADMI Corp., First Lien, Amendment No. 5 CME Term Loan                                             | CUSIP: 00709LAJ6<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   1457789 | PA      | $1370927.05   | 0.29%             | 2027-12-23      | Variable      | 8.22%                 | No            |                  2 | On Loan: No      |
| GTCR Everest Borrower LLC                                      | GTCR Everest Borrower LLC, First Lien, Initial CME Term Loan                                      | CUSIP: 36269YAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    693035 | PA      | $694278.82    | 0.15%             | 2031-09-05      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Paradigm Parent LLC                                            | Paradigm Parent LLC Term Loan First Lien                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2315385 | PA      | $2109894.18   | 0.45%             | 2032-04-19      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                          | Rocket Software, Inc., First Lien, CME Term Loan                                                  | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |   1550647 | PA      | $1556345.15   | 0.33%             | 2028-11-28      | Variable      | 8.11%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                   | MPH Acquisition Holdings LLC, First Lien, Second Out CME Term Loan                                | CUSIP: 55328HAQ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    586983 | PA      | $526635.47    | 0.11%             | 2030-12-31      | Variable      | 9.17%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Securities Corp.                                   | BNP Paribas Securities Corp.                                                                      | CUSIP: N/A<br>LEI: 2J5703FH5U5M97R1I237       | Long             | RA               | CORP              | US        |  21199083 | PA      | $21199083.35  | 4.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Wand NewCo 3, Inc.                                             | Wand NewCo 3, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |    625048 | PA      | $624460.91    | 0.13%             | 2031-01-30      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners LLC                               | Southern Veterinary Partners LLC, First Lien, 2024-3 New CME Term Loan                            | CUSIP: 84410HAN0<br>LEI: 549300DT78GYJYRK0R74 | Long             | LON              | CORP              | US        |    515948 | PA      | $516673.20    | 0.11%             | 2031-12-04      | Variable      | 7.54%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd.                                     | AAdvantage Loyalty IP Ltd., First Lien, 2025 Incremental CME Term Loan                            | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    482661 | PA      | $486582.92    | 0.10%             | 2032-05-28      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp.                                          | Reworld Holding Corp., First Lien, CME Term Loan, C                                               | CUSIP: 22282GAQ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     25010 | PA      | $25072.46     | 0.01%             | 2028-11-30      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Organon & Co.                                                  | Organon & Co., First Lien, 2024 Refinancing Dollar CME Term Loan                                  | CUSIP: 68621XAG8<br>LEI: 549300AMCKY57OK2CO56 | Long             | LON              | CORP              | US        |    868359 | PA      | $839776.51    | 0.18%             | 2031-05-19      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| DexKo Global, Inc.                                             | DexKo Global, Inc., First Lien, 2023 Incremental CME Term Loan                                    | CUSIP: 25213YBC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1288816 | PA      | $1241774.01   | 0.26%             | 2028-10-04      | Variable      | 8.61%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings, Inc.                                  | Surgery Center Holdings, Inc., First Lien, 2024 Refinancing CME Term Loan                         | CUSIP: 86880NBB8<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |    281339 | PA      | $282585.38    | 0.06%             | 2030-12-19      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                              | Clarios Global LP, First Lien, Amendment No. 6 Dollar CME Term Loan                               | CUSIP: C8000CAP8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   1609724 | PA      | $1612066.16   | 0.34%             | 2032-01-28      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Calpine Construction Finance Co. LP                            | Calpine Construction Finance Co. LP, First Lien, Refinancing CME Term Loan                        | CUSIP: 13134NAH4<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | LON              | CORP              | US        |    796000 | PA      | $797476.58    | 0.17%             | 2030-07-19      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                            | Medline Borrower LP, First Lien, Dollar Incremental CME Term Loan                                 | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   5920421 | PA      | $5932350.91   | 1.26%             | 2028-10-23      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| GNC Holdings, Inc.                                             | GNC Holdings, Inc., Second Lien, CME Term Loan                                                    | CUSIP: 36260UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5077709 | PA      | $3452841.90   | 0.73%             | 2026-10-07      | Variable      | 10.43%                | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                              | Alliant Holdings Intermediate LLC, First Lien, Initial CME Term Loan                              | CUSIP: 01881UAM7<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   4397234 | PA      | $4402510.72   | 0.94%             | 2031-09-19      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| Hudson River Trading LLC                                       | Hudson River Trading LLC, First Lien, CME Term Loan, B1                                           | CUSIP: 44413EAJ7<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |   1386634 | PA      | $1391854.34   | 0.30%             | 2030-03-18      | Variable      | 7.34%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                  | Calpine Corp.                                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1088728.52   | 0.23%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ingenovis Health, Inc.                                         | Ingenovis Health, Inc., First Lien, Initial CME Term Loan                                         | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1756098 | PA      | $614634.32    | 0.13%             | 2028-03-06      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                      | Banijay Entertainment SAS, First Lien, CME Term Loan, B3                                          | CUSIP: F6456UAE3<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    615438 | PA      | $617554.73    | 0.13%             | 2028-03-01      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                    | Caesars Entertainment, Inc.                                                                       | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1428617.86   | 0.30%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                                                | LaserShip, Inc., First Lien, CME Term Loan, D                                                     | CUSIP: 51809EAP0<br>LEI: 254900NGHREGOQUFUT53 | Long             | LON              | CORP              | US        |   1794003 | PA      | $515775.74    | 0.11%             | 2029-08-10      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Clue Opco LLC                                                  | Clue Opco LLC, First Lien, CME Term Loan, B                                                       | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2972523 | PA      | $2981648.52   | 0.63%             | 2030-12-19      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                          | Clydesdale Acquisition Holdings, Inc., First Lien, 2025 Incremental Closing Date CME Term Loan, B | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   2323904 | PA      | $2324914.68   | 0.49%             | 2032-04-01      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners,, Inc.                                    | Broadstreet Partners,, Inc. Term Loan First Lien                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    226415 | PA      | $226838.49    | 0.05%             | 2031-06-13      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                          | Jane Street Group LLC, First Lien, Extended CME Term Loan                                         | CUSIP: 47077DAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1646157 | PA      | $1640864.74   | 0.35%             | 2031-12-15      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp.                                              | IRB Holding Corp., First Lien, 2024 Second Replacement CME Term Loan, B                           | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |   3990738 | PA      | $3994149.76   | 0.85%             | 2027-12-15      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Hamilton Projects Acquiror LLC                                 | Hamilton Projects Acquiror LLC, First Lien, CME Term Loan                                         | CUSIP: 40444KAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    297972 | PA      | $299227.87    | 0.06%             | 2031-05-30      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Orion US Finco                                                 | Orion US Finco, First Lien, CME Term Loan                                                         | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1848035 | PA      | $1858818.28   | 0.39%             | 2032-05-21      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                        | Talen Energy Supply LLC, First Lien, Initial CME Term Loan, B                                     | CUSIP: 87422LAV2<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |   3213090 | PA      | $3224641.00   | 0.69%             | 2030-05-17      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International, Inc.                             | Light & Wonder International, Inc., First Lien, CME Term Loan, B2                                 | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |   1664590 | PA      | $1670415.97   | 0.35%             | 2029-04-16      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                              | Polaris Newco LLC, First Lien, Dollar CME Term Loan                                               | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   1224955 | PA      | $1204057.29   | 0.26%             | 2028-06-02      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                  | Dynasty Acquisition Co., Inc., First Lien, Initial CME Term Loan, B1                              | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    430342 | PA      | $431916.68    | 0.09%             | 2031-10-31      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands, Inc.                              | Cornerstone Building Brands, Inc., First Lien, New CME Term Loan, B                               | CUSIP: 72431HAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1313642 | PA      | $1204807.04   | 0.26%             | 2028-04-12      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| Klockner Pentaplast of America, Inc.                           | Klockner Pentaplast of America, Inc., First Lien, USD CME Term Loan, B                            | CUSIP: 49865NAT7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2515925 | PA      | $2315984.87   | 0.49%             | 2026-02-09      | Variable      | 9.23%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                         | LifePoint Health, Inc., First Lien, CME Term Loan, B1                                             | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   3383000 | PA      | $3381951.27   | 0.72%             | 2031-05-19      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| US Anesthesia Partners, Inc.                                   | US Anesthesia Partners, Inc., First Lien, Initial CME Term Loan                                   | CUSIP: 90350HAL3<br>LEI: 549300J001GMNRO7SQ51 | Long             | LON              | CORP              | US        |   1568502 | PA      | $1555107.29   | 0.33%             | 2028-10-02      | Variable      | 8.69%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                            | Peer Holding III BV, First Lien, CME Term Loan, B4B                                               | CUSIP: N6872NAM8<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    119395 | PA      | $119805.59    | 0.03%             | 2030-10-28      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                          | UTEX Industries, Inc.                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    120386 | NS      | $5802834.29   | 1.23%             |  |  |  | No            |                  3 | On Loan: No      |
| GC Ferry Acquisition I, Inc.                                   | GC Ferry Acquisition I, Inc., First Lien, CME Term Loan                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1613480 | PA      | $1592053.23   | 0.34%             | 2032-06-02      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                           | Osaic Holdings, Inc., First Lien, CME Term Loan                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2313942 | PA      | $2317562.97   | 0.49%             | 2032-07-19      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1 SARL / Aggreko Holdings, Inc.               | Albion Financing 1 SARL / Aggreko Holdings, Inc.                                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    311900 | PA      | $321814.05    | 0.07%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC                                          | Clover Holdings 2 LLC, First Lien, Initial CME Term Loan                                          | CUSIP: 18914DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    908254 | PA      | $908440.35    | 0.19%             | 2031-12-09      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| MKS, Inc.                                                      | MKS, Inc., First Lien, 2025-1 Dollar CME Term Loan, B                                             | CUSIP: 55314NAZ7<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |   1480295 | PA      | $1482699.99   | 0.32%             | 2029-08-17      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc.                                      | First Student Bidco, Inc., First Lien, Initial CME Term Loan, C                                   | CUSIP: 33718FAM2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    535746 | PA      | $537171.51    | 0.11%             | 2028-07-21      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group, Inc.                                       | AthenaHealth Group, Inc., First Lien, Initial CME Term Loan                                       | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   4585080 | PA      | $4587142.81   | 0.97%             | 2029-02-15      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                      | Zayo Group Holdings, Inc., First Lien, 2022 Incremental CME Term Loan                             | CUSIP: 98919XAE1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1089508 | PA      | $1062275.90   | 0.23%             | 2027-03-09      | Variable      | 8.53%                 | No            |                  2 | On Loan: No      |
| Allegiant Travel Co.                                           | Allegiant Travel Co.                                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200430.80   | 0.26%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Signia Aerospace LLC                                           | Signia Aerospace LLC, First Lien, Initial CME Term Loan                                           | CUSIP: 82670NAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    698897 | PA      | $700644.37    | 0.15%             | 2031-12-11      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Securities Inc.                                  | Deutsche Bank Securities Inc.                                                                     | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | RA               | CORP              | US        |   6594399 | PA      | $6594399.40   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Azalea Topco, Inc.                                             | Azalea Topco, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 05477JAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $1001150.00   | 0.21%             | 2031-04-30      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| First Eagle Holdings, Inc.                                     | First Eagle Holdings, Inc., First Lien, CME Term Loan, B2                                         | CUSIP: 05554JAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1183515 | PA      | $1184195.56   | 0.25%             | 2029-03-05      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc. / AAdvantage Loyalty IP Ltd.           | American Airlines, Inc. / AAdvantage Loyalty IP Ltd.                                              | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    472324 | PA      | $472189.03    | 0.10%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Banijay Entertainment SAS                                      | Banijay Entertainment SAS                                                                         | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $624046.80    | 0.13%             | 2029-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ProAmpac PG Borrower LLC                                       | ProAmpac PG Borrower LLC, First Lien, 2024 CME Term Loan, B                                       | CUSIP: 74274NAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1247715 | PA      | $1253173.52   | 0.27%             | 2028-09-15      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Cotiviti, Inc.                                                 | Cotiviti, Inc., First Lien, Amendment No. 2 CME Term Loan                                         | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   1200000 | PA      | $1198998.00   | 0.25%             | 2032-03-26      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Russell Investments US Institutional Holdco, Inc.              | Russell Investments US Institutional Holdco, Inc., First Lien, 2027 CME Term Loan                 | CUSIP: 78249LAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2545152 | PA      | $2471978.94   | 0.53%             | 2027-05-28      | Variable      | 9.31%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corp. / Raptor LLC                       | Great Canadian Gaming Corp. / Raptor LLC                                                          | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $244973.35    | 0.05%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                            | Peer Holding III BV, First Lien, CME Term Loan, B5B                                               | CUSIP: N6872NAN6<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |   1699402 | PA      | $1706046.89   | 0.36%             | 2031-07-01      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                                          | Ontario Gaming GTA LP, First Lien, CME Term Loan, B                                               | CUSIP: C6907UAB7<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |   2029122 | PA      | $2021512.91   | 0.43%             | 2030-08-01      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| Scientific Games Holdings LP                                   | Scientific Games Holdings LP, First Lien, 2024 Refinancing Dollar CME Term Loan                   | CUSIP: 80875CAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1702331 | PA      | $1703556.87   | 0.36%             | 2029-04-04      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                                     | Cloud Software Group, Inc.                                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1139150.10   | 0.24%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Adient US LLC                                                  | Adient US LLC, First Lien, CME Term Loan, B2                                                      | CUSIP: 00687MAH4<br>LEI: 213800SOTRCDGZUHL712 | Long             | LON              | CORP              | US        |   1166329 | PA      | $1171886.84   | 0.25%             | 2031-01-31      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC                           | Prime Security Services Borrower LLC, First Lien, 2024-1 Refinancing CME Term Loan, B1            | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |   1377235 | PA      | $1378667.71   | 0.29%             | 2030-10-15      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| PointClickCare Technologies, Inc.                              | PointClickCare Technologies, Inc., First Lien, 2024-1 CME Term Loan                               | CUSIP: C7365BAF3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    663333 | PA      | $664786.04    | 0.14%             | 2031-11-03      | Variable      | 7.42%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                       | Pathway Vet Alliance LLC, First Lien, CME Term Loan, A                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    766474 | PA      | $772379.68    | 0.16%             | 2028-06-30      | Variable      | 9.31%                 | No            |                  2 | On Loan: No      |
| Spin Holdco, Inc.                                              | Spin Holdco, Inc., First Lien, Initial CME Term Loan                                              | CUSIP: 84850XAK8<br>LEI: 549300QAS44U2GUXGK45 | Long             | LON              | CORP              | US        |   3823957 | PA      | $3391371.53   | 0.72%             | 2028-03-06      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| Entain plc                                                     | Entain plc, First Lien, CME Term Loan, B3                                                         | CUSIP: 36270BAC6<br>LEI: 213800GNI3K45LQR8L28 | Long             | LON              | CORP              | IM        |   1016129 | PA      | $1019096.13   | 0.22%             | 2029-10-31      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| Penn Entertainment, Inc.                                       | Penn Entertainment, Inc., First Lien, CME Term Loan, B                                            | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1330360 | PA      | $1335967.72   | 0.28%             | 2029-05-03      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines, Inc. / SkyMiles IP Ltd.                       | Delta Air Lines, Inc. / SkyMiles IP Ltd.                                                          | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39552 | PA      | $39458.28     | 0.01%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BroadStreet Partners, Inc.                                     | BroadStreet Partners, Inc., First Lien, 2024 CME Term Loan, B                                     | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |    896050 | PA      | $897726.08    | 0.19%             | 2031-06-16      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                | Madison IAQ LLC, First Lien, Initial CME Term Loan                                                | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   1777949 | PA      | $1781086.85   | 0.38%             | 2028-06-21      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                        | Talen Energy Supply LLC, First Lien, 2024-1 Incremental CME Term Loan, B                          | CUSIP: 87422LAY6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    321256 | PA      | $322384.81    | 0.07%             | 2031-12-11      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc.                                  | Fortress Intermediate 3, Inc., First Lien, CME Term Loan, B                                       | CUSIP: 34966LAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1962389 | PA      | $1968521.25   | 0.42%             | 2031-06-27      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Flynn Restaurant Group LP                                      | Flynn Restaurant Group LP, First Lien, 2025 CME Term Loan                                         | CUSIP: 34410JAG6<br>LEI: 5493008VE8TQONGO3817 | Long             | LON              | CORP              | US        |   1284495 | PA      | $1286703.85   | 0.27%             | 2032-01-28      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| Waystar Technologies, Inc.                                     | Waystar Technologies, Inc., First Lien, Initial CME Term Loan                                     | CUSIP: 63939WAM5<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |    873717 | PA      | $877360.70    | 0.19%             | 2029-10-22      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| Glatfelter Corp.                                               | Glatfelter Corp., First Lien, CME Term Loan                                                       | CUSIP: 89458XAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    995000 | PA      | $990646.88    | 0.21%             | 2031-11-04      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, Second Lien, New CME Term Loan, B3                                                   | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   2652263 | PA      | $2558001.80   | 0.54%             | 2028-01-31      | Variable      | 9.72%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC (The)                     | Edelman Financial Engines Center LLC (The), Second Lien, 2024 Refinancing CME Term Loan           | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   1300000 | PA      | $1310289.50   | 0.28%             | 2028-10-20      | Variable      | 9.61%                 | No            |                  2 | On Loan: No      |
| Aramark Services, Inc.                                         | Aramark Services, Inc., First Lien, CME Term Loan, B8                                             | CUSIP: 03852JAV3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    314650 | PA      | $315521.19    | 0.07%             | 2030-06-24      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications, Inc.                                     | iHeartCommunications, Inc., First Lien, Refinanced CME Term Loan, B                               | CUSIP: 45174UAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2773896 | PA      | $2301460.31   | 0.49%             | 2029-05-01      | Variable      | 10.25%                | No            |                  2 | On Loan: No      |
| Gray Media, Inc.                                               | Gray Media, Inc., First Lien, CME Term Loan, D                                                    | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    406663 | PA      | $406777.21    | 0.09%             | 2028-12-01      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Coty, Inc.                                                     | Coty, Inc.                                                                                        | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |    392000 | PA      | $391859.82    | 0.08%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                | CoreLogic, Inc., First Lien, Initial CME Term Loan                                                | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   2566667 | PA      | $2563869.00   | 0.54%             | 2028-06-02      | Variable      | 7.97%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                      | Zayo Group Holdings, Inc., First Lien, Initial Dollar CME Term Loan                               | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1623553 | PA      | $1571704.49   | 0.33%             | 2027-03-09      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| Mermaid Bidco, Inc.                                            | Mermaid Bidco, Inc., First Lien, USD CME Term Loan, B                                             | CUSIP: 59012CAL9<br>LEI: 254900765HT42I3EW691 | Long             | LON              | CORP              | US        |   1632743 | PA      | $1637282.39   | 0.35%             | 2031-07-03      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| HSBC Securities (USA) Inc.                                     | HSBC Securities (USA) Inc.                                                                        | CUSIP: N/A<br>LEI: CYYGQCGNHMHPSMRL3R97       | Long             | RA               | CORP              | US        |  21199083 | PA      | $21199083.35  | 4.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Petco Health & Wellness Co., Inc.                              | Petco Health & Wellness Co., Inc., First Lien, Initial CME Term Loan                              | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |   3710943 | PA      | $3476930.97   | 0.74%             | 2028-03-03      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                       | Great Outdoors Group LLC, First Lien, CME Term Loan, B                                            | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |   1775738 | PA      | $1779732.97   | 0.38%             | 2032-01-23      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| WWEX Uni Topco Holdings LLC                                    | WWEX Uni Topco Holdings LLC, First Lien, Initial CME Term Loan                                    | CUSIP: 00435UAF5<br>LEI: 254900XFGYPZZSG8I385 | Long             | LON              | CORP              | US        |   1480818 | PA      | $1481743.92   | 0.31%             | 2028-07-26      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corp. (The)                                   | Dun & Bradstreet Corp. (The), First Lien, Incremental CME Term Loan, B2                           | CUSIP: 26483NAW0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |    792926 | PA      | $793492.54    | 0.17%             | 2029-01-18      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                       | Project Alpha Intermediate Holding, Inc., First Lien, Second Amendment Refinancing CME Term Loan  | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2328039 | PA      | $2336478.48   | 0.50%             | 2030-10-28      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corp. / Raptor LLC                       | Great Canadian Gaming Corp. / Raptor LLC                                                          | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $881904.06    | 0.19%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                    | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1523661.00   | 0.32%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Simply Good Foods USA, Inc.                                    | Simply Good Foods USA, Inc., First Lien, Initial CME Term Loan                                    | CUSIP: 04761PAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     82826 | PA      | $83446.96     | 0.02%             | 2027-03-17      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                       | Pathway Vet Alliance LLC, First Lien, CME Term Loan, B                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2427178 | PA      | $1982397.56   | 0.42%             | 2028-06-30      | Variable      | 9.28%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                          | United Airlines, Inc.                                                                             | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1158811.75   | 0.25%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp.                        | Mavis Tire Express Services Topco Corp., First Lien, 2025 Incremental CME Term Loan               | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |   1143914 | PA      | $1146654.02   | 0.24%             | 2028-05-04      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                     | ADMI Corp., First Lien, CME Term Loan, B5                                                         | CUSIP: 00709LAL1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    332597 | PA      | $322785.78    | 0.07%             | 2027-12-23      | Variable      | 10.11%                | No            |                  2 | On Loan: No      |
| HUB International Ltd.                                         | HUB International Ltd., First Lien, 2025 Incremental CME Term Loan                                | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   6882791 | PA      | $6899069.00   | 1.47%             | 2030-06-20      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments LLC                                            | Shift4 Payments LLC, First Lien, Amendment No. 2 CME Term Loan                                    | CUSIP: 82453JAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    577939 | PA      | $582395.11    | 0.12%             | 2032-06-30      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                       | SCIH Salt Holdings, Inc.                                                                          | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1069033.57   | 0.23%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                             | AmWINS Group, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   1316952 | PA      | $1319394.97   | 0.28%             | 2032-01-30      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| RealTruck Group, Inc.                                          | RealTruck Group, Inc., First Lien, Initial CME Term Loan                                          | CUSIP: 89778PAG2<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |    619179 | PA      | $573601.09    | 0.12%             | 2028-01-31      | Variable      | 8.22%                 | No            |                  2 | On Loan: No      |
| ECI Macola/Max Holding LLC                                     | ECI Macola/Max Holding LLC, First Lien, CME Term Loan, B                                          | CUSIP: 26825UAM3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1885570 | PA      | $1893158.92   | 0.40%             | 2030-05-09      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC                            | Hilton Grand Vacations Borrower LLC, First Lien, Initial CME Term Loan                            | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |    919972 | PA      | $920676.01    | 0.20%             | 2028-08-02      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Charter Next Generation, Inc.                                  | Charter Next Generation, Inc., First Lien, 2024 Replacement CME Term Loan                         | CUSIP: 16125TAM4<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |   3536597 | PA      | $3548851.34   | 0.75%             | 2030-11-29      | Variable      | 7.09%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, First Lien, 2022-2 Incremental CME Term Loan                              | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2298000 | PA      | $2255394.87   | 0.48%             | 2027-03-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| First Student Bidco, Inc. / First Transit Parent, Inc.         | First Student Bidco, Inc. / First Transit Parent, Inc.                                            | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $471988.40    | 0.10%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zekelman Industries, Inc.                                      | Zekelman Industries, Inc., First Lien, 2024 CME Term Loan                                         | CUSIP: 98931YAD5<br>LEI: 549300S5LMRAKDWWI425 | Long             | LON              | CORP              | US        |    382121 | PA      | $382785.45    | 0.08%             | 2031-01-24      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| WestJet Loyalty LP                                             | WestJet Loyalty LP, First Lien, Initial CME Term Loan                                             | CUSIP: C9763HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   3013549 | PA      | $3018023.88   | 0.64%             | 2031-02-14      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Hamilton Projects Acquiror LLC                                 | Hamilton Projects Acquiror LLC, First Lien, Initial CME Term Loan                                 | CUSIP: 40444KAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    230769 | PA      | $231741.92    | 0.05%             | 2031-05-30      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| Barracuda Networks, Inc.                                       | Barracuda Networks, Inc., First Lien, Initial CME Term Loan                                       | CUSIP: 06832FAB3<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |   1622863 | PA      | $1321927.72   | 0.28%             | 2029-08-15      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                         | Neptune Bidco US, Inc.                                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1162500.00   | 0.25%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corp.                                         | Filtration Group Corp., First Lien, 2025 Incremental Dollar CME Term Loan                         | CUSIP: 31732FAV8<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   3283800 | PA      | $3295343.00   | 0.70%             | 2028-10-23      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                    | Allied Universal Holdco LLC, First Lien, Initial USD CME Term Loan                                | CUSIP: 01957TAH0<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   3799333 | PA      | $3811889.59   | 0.81%             | 2028-05-12      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| Project Boost Purchaser LLC                                    | Project Boost Purchaser LLC, First Lien, Initial CME Term Loan                                    | CUSIP: 74339NAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2278093 | PA      | $2279972.41   | 0.48%             | 2031-07-16      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                          | Hexion Holdings Corp., First Lien, 2024 Refinancing CME Term Loan                                 | CUSIP: 00217XAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1720666 | PA      | $1718299.76   | 0.37%             | 2029-03-15      | Variable      | 8.34%                 | No            |                  2 | On Loan: No      |
| Rand Parent LLC                                                | Rand Parent LLC, First Lien, CME Term Loan, B                                                     | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2579640 | PA      | $2558397.08   | 0.54%             | 2030-03-18      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| McAfee Corp.                                                   | McAfee Corp., First Lien, CME Term Loan, B1                                                       | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |   4920688 | PA      | $4768958.44   | 1.01%             | 2029-03-01      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp.                                     | Gainwell Acquisition Corp., First Lien, CME Term Loan, B                                          | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1413010 | PA      | $1395792.76   | 0.30%             | 2027-10-01      | Variable      | 8.40%                 | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc.                                  | Fortress Intermediate 3, Inc.                                                                     | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    600000 | PA      | $630439.80    | 0.13%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Pitney Bowes, Inc.                                             | Pitney Bowes, Inc., First Lien, CME Term Loan, B                                                  | CUSIP: 72448FAW5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2593500 | PA      | $2599983.75   | 0.55%             | 2032-03-19      | Variable      | 8.11%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                | Madison IAQ LLC, First Lien, 2025 Incremental CME Term Loan                                       | CUSIP: 55759VAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1508160.00   | 0.32%             | 2032-05-06      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Engines Center LLC                           | Edelman Financial Engines Center LLC (The), First Lien, Initial CME Term Loan                     | CUSIP: 27943UAM8<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   1505895 | PA      | $1509863.04   | 0.32%             | 2028-04-07      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Cotiviti, Inc.                                                 | Cotiviti, Inc., First Lien, New CME Term Loan, B                                                  | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   1851633 | PA      | $1849133.11   | 0.39%             | 2031-05-01      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings, Inc.                          | Clydesdale Acquisition Holdings, Inc.                                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102498.50    | 0.02%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Kuehg Corp.                                                    | Kuehg Corp. Term Loan First Lien                                                                  | CUSIP: 50118YAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1138956 | PA      | $1141450.67   | 0.24%             | 2030-06-12      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services, Inc.                                   | Genesys Cloud Services, Inc., First Lien, 2025 Dollar CME Term Loan                               | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |   2619176 | PA      | $2619870.12   | 0.56%             | 2032-01-30      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| CMG Media Corp.                                                | CMG Media Corp., First Lien, CME Term Loan                                                        | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1900000 | PA      | $1860100.00   | 0.40%             | 2029-06-18      | Variable      | 7.90%                 | No            |                  2 | On Loan: No      |
| Indicor LLC                                                    | Indicor LLC, First Lien, Dollar CME Term Loan, D                                                  | CUSIP: 77669LAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    786803 | PA      | $789139.77    | 0.17%             | 2029-11-22      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| MIWD Holdco II LLC                                             | MIWD Holdco II LLC, First Lien, 2024 Incremental CME Term Loan                                    | CUSIP: 55336CAK8<br>LEI: 254900X3SPV5RVFJEY72 | Long             | LON              | CORP              | US        |   1533611 | PA      | $1537636.51   | 0.33%             | 2031-03-28      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                    | Caesars Entertainment, Inc., First Lien, 2023 Incremental CME Term Loan, B                        | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   1821569 | PA      | $1822898.86   | 0.39%             | 2030-02-06      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| Specialty Building Products Holdings LLC                       | Specialty Building Products Holdings LLC, First Lien, Initial CME Term Loan                       | CUSIP: 84748EAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    691071 | PA      | $671310.22    | 0.14%             | 2028-10-16      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services, Inc.                                | Brand Industrial Services, Inc., First Lien, CME Term Loan, C                                     | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |   1856465 | PA      | $1561760.58   | 0.33%             | 2030-08-01      | Variable      | 8.78%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery plc                                         | Brightstar Lottery plc                                                                            | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $397212.48    | 0.08%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                         | Mauser Packaging Solutions Holding Co., First Lien, Initial CME Term Loan                         | CUSIP: 57763TAE3<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |   1011235 | PA      | $1012766.68   | 0.22%             | 2027-04-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                         | First Brands Group LLC, First Lien, 2021 CME Term Loan                                            | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2237469 | PA      | $2199912.83   | 0.47%             | 2027-03-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, First Lien, New CME Term Loan, B10                                                   | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    962052 | PA      | $955779.38    | 0.20%             | 2028-08-21      | Variable      | 8.46%                 | No            |                  2 | On Loan: No      |
| DIRECTV Financing LLC                                          | DIRECTV Financing LLC, First Lien, 2024 Refinancing CME Term Loan, B                              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199615 | PA      | $198338.84    | 0.04%             | 2029-08-02      | Variable      | 9.82%                 | No            |                  2 | On Loan: No      |
| Boost Newco Borrower LLC                                       | Boost Newco Borrower LLC, First Lien, CME Term Loan, B2                                           | CUSIP: 92943EAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5167316 | PA      | $5181861.63   | 1.10%             | 2031-01-31      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance, Inc.                          | Jane Street Group / JSG Finance, Inc.                                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1668000 | PA      | $1656181.05   | 0.35%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UFC Holdings LLC                                               | UFC Holdings LLC, First Lien, CME Term Loan, B4                                                   | CUSIP: 90266UAK9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4117008 | PA      | $4133187.55   | 0.88%             | 2031-11-21      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Delta Topco, Inc.                                              | Delta Topco, Inc., First Lien, Fourth Amendment Refinancing CME Term Loan                         | CUSIP: 24780DAJ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2955126 | PA      | $2951639.09   | 0.63%             | 2029-11-30      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                     | Fertitta Entertainment LLC, First Lien, Initial CME Term Loan, B                                  | CUSIP: 31556PAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1991685 | PA      | $1995618.56   | 0.42%             | 2029-01-29      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                               | Ensemble RCM LLC, First Lien, CME Term Loan, B                                                    | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |    269905 | PA      | $271460.94    | 0.06%             | 2029-08-01      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                        | Quikrete Holdings, Inc., First Lien, CME Term Loan, B2                                            | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   1842172 | PA      | $1844916.55   | 0.39%             | 2029-03-19      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| Flash Charm, Inc.                                              | Flash Charm, Inc., First Lien, CME Term Loan, B2                                                  | CUSIP: 45168RAT0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1551046 | PA      | $1459231.52   | 0.31%             | 2028-03-02      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| Lummus Technology Holdings V LLC                               | Lummus Technology Holdings V LLC, First Lien, Amendment No. 2 Refinancing CME Term Loan, B        | CUSIP: 45232UAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    812833 | PA      | $815519.08    | 0.17%             | 2029-12-31      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings, Inc.                                          | WEC US Holdings, Inc., First Lien, Initial CME Term Loan                                          | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |   1499143 | PA      | $1501893.78   | 0.32%             | 2031-01-27      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners, LLC                              | Southern Veterinary Partners, LLC Term Loan First Lien                                            | CUSIP: 84410HAQ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    156250 | PA      | $156469.53    | 0.03%             | 2031-12-04      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Aggreko Holdings, Inc.                                         | Aggreko Holdings, Inc., First Lien, 2025 Amended USD CME Term Loan                                | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | LU        |   1185445 | PA      | $1193002.38   | 0.25%             | 2031-05-21      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                       | SCIH Salt Holdings, Inc., First Lien, Incremental CME Term Loan, B1                               | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2038562 | PA      | $2044239.31   | 0.43%             | 2029-01-31      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| Savage Enterprises LLC6.5% 07/22/2032                          | Savage Enterprises LLC6.5% 07/22/2032 Term Loan First Lien                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    236910 | PA      | $237502.52    | 0.05%             | 2032-07-22      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                   | MH Sub I LLC, First Lien, 2024 December New CME Term Loan                                         | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   3765711 | PA      | $3375282.26   | 0.72%             | 2031-12-31      | Variable      | 8.61%                 | No            |                  2 | On Loan: No      |
| ConnectWise LLC                                                | ConnectWise LLC, First Lien, Initial CME Term Loan                                                | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    783756 | PA      | $787467.42    | 0.17%             | 2028-09-29      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                | ABG Intermediate Holdings 2 LLC, First Lien, CME Term Loan, B1                                    | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |   1166522 | PA      | $1165792.77   | 0.25%             | 2028-12-21      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services, Inc.                                  | CHG Healthcare Services, Inc., First Lien, Refinancing CME Term Loan                              | CUSIP: 12541HAW3<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |   1591653 | PA      | $1592894.23   | 0.34%             | 2028-09-29      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Central Parent LLC                                             | Central Parent LLC, First Lien, 2024 Refinancing CME Term Loan                                    | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4930515 | PA      | $4030696.31   | 0.86%             | 2029-07-06      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                        | Invesco Senior Loan ETF                                                                           | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             |  | RF                | US        |    191000 | NS      | $3997630.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| 24 Hour Fitness Worldwide, Inc.                                | 24 Hour Fitness Worldwide, Inc.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    666669 | NS      | $24666.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Concentra Health Services, Inc.                                | Concentra Health Services, Inc., First Lien, CME Term Loan, B1                                    | CUSIP: 20602RAD2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    306156 | PA      | $308165.68    | 0.07%             | 2031-07-28      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Ascensus Holdings, Inc.                                        | Ascensus Holdings, Inc., First Lien, 2024 CME Term Loan, B                                        | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1669694 | PA      | $1673417.73   | 0.36%             | 2028-08-02      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Hexion Holdings Corp.                                          | Hexion Holdings Corp., Second Lien, Initial CME Term Loan                                         | CUSIP: 42829JAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2344784 | PA      | $2321336.07   | 0.49%             | 2030-03-15      | Variable      | 11.89%                | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.                      | Sedgwick Claims Management Services, Inc., First Lien, 2024 CME Term Loan                         | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |   5696287 | PA      | $5709730.66   | 1.21%             | 2031-07-31      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                                 | Core & Main LP, First Lien, CME Term Loan, E                                                      | CUSIP: 40416VAH8<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |    519757 | PA      | $522030.51    | 0.11%             | 2031-02-10      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corp.                                          | Epicor Software Corp., First Lien, CME Term Loan, E                                               | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   2289067 | PA      | $2295705.77   | 0.49%             | 2031-05-30      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2, Inc.                    | DG Investment Intermediate Holdings 2, Inc., First Lien, Closing Date Initial CME Term Loan       | CUSIP: 23344MAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    295302 | PA      | $296502.41    | 0.06%             | 2032-07-09      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                 | National Mentor Holdings, Inc., First Lien, Initial CME Term Loan, C                              | CUSIP: 63689EAT2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     68346 | PA      | $66777.14     | 0.01%             | 2028-03-02      | Variable      | 8.15%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, Second Lien, New CME Term Loan, B4                                                   | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   3248036 | PA      | $3062296.74   | 0.65%             | 2029-01-19      | Variable      | 9.72%                 | No            |                  2 | On Loan: No      |
| Rand Parent LLC                                                | Rand Parent LLC                                                                                   | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1962823.20   | 0.42%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MX Holdings US, Inc.                                           | MX Holdings US, Inc., First Lien, Senior USD CME Term Loan, B                                     | CUSIP: 55404TAF9<br>LEI: 549300RKTIVJWNROR778 | Long             | LON              | CORP              | DE        |    408082 | PA      | $410505.90    | 0.09%             | 2032-03-17      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Ascend Learning LLC                                            | Ascend Learning LLC, First Lien, Initial CME Term Loan                                            | CUSIP: 04349HAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1434934 | PA      | $1437237.24   | 0.31%             | 2028-12-11      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Zelis Payments Buyer, Inc.                                     | Zelis Payments Buyer, Inc., First Lien, Amendment No. 5 CME Term Loan                             | CUSIP: 98932TAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    573057 | PA      | $573452.21    | 0.12%             | 2031-11-26      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Deerfield Dakota Holding LLC                                   | Deerfield Dakota Holding LLC, First Lien, Initial Dollar CME Term Loan                            | CUSIP: 24440EAB3<br>LEI: 549300FDREJLOIGXY104 | Long             | LON              | CORP              | US        |   1449130 | PA      | $1438522.11   | 0.31%             | 2027-04-09      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                         | LifePoint Health, Inc., First Lien, 2024-2 Refinancing CME Term Loan                              | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   1099618 | PA      | $1095840.98   | 0.23%             | 2031-05-19      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co., Inc.                                         | Boxer Parent Co., Inc., First Lien, 2031 Replacement Dollar CME Term Loan                         | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    897750 | PA      | $898800.37    | 0.19%             | 2031-07-30      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                        | Quikrete Holdings, Inc., First Lien, CME Term Loan, B1                                            | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   1440117 | PA      | $1440815.08   | 0.31%             | 2031-04-14      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| Froneri International Ltd.                                     | Froneri International Ltd., First Lien, CME Term Loan                                             | CUSIP: G3679YAM4<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    796892 | PA      | $796246.98    | 0.17%             | 2032-07-16      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| Soliant Lower Intermediate LLC                                 | Soliant Lower Intermediate LLC, First Lien, Initial CME Term Loan                                 | CUSIP: 83421EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1386755 | PA      | $1378088.11   | 0.29%             | 2031-07-18      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| CPM Holdings, Inc.                                             | CPM Holdings, Inc., First Lien, Initial CME Term Loan                                             | CUSIP: 12620BAR1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1271710 | PA      | $1252748.48   | 0.27%             | 2028-09-28      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp.                                         | Playtika Holding Corp., First Lien, CME Term Loan, B1                                             | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |   1100769 | PA      | $1093261.87   | 0.23%             | 2028-03-13      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| Verde Purchaser LLC                                            | Verde Purchaser LLC, First Lien, Second Refinancing CME Term Loan                                 | CUSIP: 92338TAB2<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | LON              | CORP              | US        |   3081966 | PA      | $3098346.19   | 0.66%             | 2030-11-30      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Savage Enterprises LLC                                         | Savage Enterprises LLC, First Lien, Refinancing CME Term Loan                                     | CUSIP: 80465JAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    368711 | PA      | $369812.08    | 0.08%             | 2028-09-15      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| US Radiology Specialists, Inc.                                 | US Radiology Specialists, Inc. (US Outpatient Imaging Services, Inc.), First Lien, CME Term Loan  | CUSIP: 90372AAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1727814 | PA      | $1735156.84   | 0.37%             | 2027-12-15      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL, Inc.                                               | Sabre GLBL, Inc., First Lien, CME Term Loan, B                                                    | CUSIP: 78571YBH2<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |   2185032 | PA      | $2181754.19   | 0.46%             | 2028-06-30      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                        | Quikrete Holdings, Inc., First Lien, CME Term Loan, B3                                            | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   1265793 | PA      | $1266267.84   | 0.27%             | 2032-02-10      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                                    | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1702895.10   | 0.36%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ADMI Corp.                                                     | ADMI Corp., First Lien, Amendment No. 4 Refinancing CME Term Loan                                 | CUSIP: 00709LAH0<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |   2392907 | PA      | $2240359.57   | 0.48%             | 2027-12-23      | Variable      | 7.85%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                   | Acrisure LLC, First Lien, CME Term Loan, B6                                                       | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   3570577 | PA      | $3575593.19   | 0.76%             | 2030-11-06      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Pre-Paid Legal Services, Inc.                                  | Pre-Paid Legal Services, Inc., First Lien, Initial CME Term Loan                                  | CUSIP: 74006LAS1<br>LEI: 549300DKH5WJ2J8QU878 | Long             | LON              | CORP              | US        |    556812 | PA      | $555617.40    | 0.12%             | 2028-12-07      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                                    | McGraw-Hill Education, Inc., First Lien, CME Term Loan, B                                         | CUSIP: 58063DAF0<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |    436184 | PA      | $437717.38    | 0.09%             | 2031-08-06      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| National Mentor Holdings, Inc.                                 | National Mentor Holdings, Inc., First Lien, Initial CME Term Loan                                 | CUSIP: 63689EAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1961675 | PA      | $1916655.00   | 0.41%             | 2028-03-02      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, First Lien, New CME Term Loan, B11                                                   | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1130978 | PA      | $1122257.76   | 0.24%             | 2028-08-21      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| AI Aqua Merger Sub, Inc.                                       | AI Aqua Merger Sub, Inc., First Lien, 2025 Refinancing CME Term Loan, B                           | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   2247787 | PA      | $2249248.51   | 0.48%             | 2028-07-31      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| Vibrantz Technologies, Inc.                                    | Vibrantz Technologies, Inc., First Lien, Initial CME Term Loan                                    | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | LON              | CORP              | US        |   1208656 | PA      | $1025344.85   | 0.22%             | 2029-04-23      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                         | Cengage Learning, Inc., First Lien, 2024 Refinancing CME Term Loan                                | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |    800396 | PA      | $801124.22    | 0.17%             | 2031-03-24      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| Boots Group Bidco Ltd.                                         | Boots Group Bidco Ltd. (The), First Lien, CME Term Loan                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    401384 | PA      | $401636.95    | 0.09%             | 2032-07-16      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Dermatology Intermediate Holdings III, Inc.                    | Dermatology Intermediate Holdings III, Inc., First Lien, Initial CME Term Loan                    | CUSIP: 24982LAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1380935 | PA      | $1223853.97   | 0.26%             | 2029-03-26      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| IGT Holding IV AB                                              | IGT Holding IV AB, First Lien, CME Term Loan                                                      | CUSIP: W5000CAC1<br>LEI: N/A                  | Long             | LON              | CORP              | SE        |    987459 | PA      | $997955.84    | 0.21%             | 2031-08-29      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| INEOS US Petrochem LLC                                         | INEOS US Petrochem LLC, First Lien, New CME Term Loan, B1                                         | CUSIP: G4770MAL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1514954 | PA      | $1418375.66   | 0.30%             | 2029-04-02      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| UTEX Industries, Inc.                                          | UTEX Industries, Inc.                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |       321 | NS      | $0.54         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bausch + Lomb Corp.                                            | Bausch + Lomb Corp., First Lien, Initial Term Loan                                                | CUSIP: C0787FAB8<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    563636 | PA      | $566736.37    | 0.12%             | 2027-05-10      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                    | Beach Acquisition Bidco LLC, First Lien, CME Term Loan, B                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    101095 | PA      | $101853.41    | 0.02%             | 2032-06-25      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                   | MPH Acquisition Holdings LLC, First Lien, Exchange First Out CME Term Loan                        | CUSIP: 55328HAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    251313 | PA      | $250684.85    | 0.05%             | 2030-12-31      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| UKG, Inc.                                                      | UKG, Inc., First Lien, Initial CME Term Loan                                                      | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   6535748 | PA      | $6542480.14   | 1.39%             | 2031-02-10      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                                  | Truist Insurance Holdings LLC, First Lien, CME Term Loan, B                                       | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1904248 | PA      | $1908608.57   | 0.41%             | 2031-05-06      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC / Acrisure Finance, Inc.                          | Acrisure LLC / Acrisure Finance, Inc.                                                             | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    529400 | PA      | $505809.30    | 0.11%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                           | Alpha Generation LLC, First Lien, Initial CME Term Loan, B                                        | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |   1000000 | PA      | $999935.00    | 0.21%             | 2031-09-30      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Golden State Foods                                             | Golden State Foods LLC, First Lien, Initial CME Term Loan                                         | CUSIP: 38121NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    841123 | PA      | $846707.79    | 0.18%             | 2031-12-04      | Variable      | 8.59%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance, Inc.                          | Jane Street Group / JSG Finance, Inc.                                                             | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    578000 | PA      | $554045.95    | 0.12%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-02

**Name of Applicant:** Franklin Floating Rate Master Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer