# EDGAR Filing Document

**Accession Number:** 0000809707
**File Stem:** 0002071691-25-001613
**Filing Date:** 2025-9
**Character Count:** 141405
**Document Hash:** 0eb580b163b7a2fe3a5ca57b0fb25c59
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001613.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0002071691-25-001613

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Investors Securities Trust
- **CENTRAL INDEX KEY:** 0000809707

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04986
- **FILM NUMBER:** 251333206

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2200

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN INVESTORS SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### FRANKLIN FLOATING RATE DAILY ACCESS FUND (Series ID: S000006853)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018517 | Class A       | FAFRX           |
| C000018519 | Class C       | FCFRX           |
| C000018520 | Advisor Class | FDAAX           |
| C000128879 | Class R6      | FFRDX           |

## 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 Investors Securities Trust

- **b. Investment Company Act file number:** 811-04986

- **c. CIK number of Registrant:** 0000809707

- **d. LEI of Registrant:** 549300XUGIR9DEQFV548

- **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 Daily Access Fund

- **b. EDGAR series identifier (if any):** S000006853

- **c. LEI of Series:** NDVQZJLQKYEB9K3LB498

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1537124454.09

**Total Liabilities:** $74244703.48

**Net Assets:** $1462879750.61

**Delayed Delivery Securities:** $65435007.54

**Cash Not Reported:** $5002168.34

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -83.06000000 | **1-Year:** -254.31000000 | **5-Year:** -1316.31000000 | **10-Year:** -30.29000000 | **30-Year:** 0.00000000

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

- **3-Month:** -254.60000000 | **1-Year:** -73905.11000000 | **5-Year:** -318251.03000000 | **10-Year:** -50298.11000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000128879 | 2.39%                | 0.60%                | 0.75%                |
| Class ID C000018517 | 2.50%                | 0.57%                | 0.73%                |
| Class ID C000018519 | 2.33%                | 0.54%                | 0.69%                |
| Class ID C000018520 | 2.38%                | 0.59%                | 0.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-934293.54              | $32900974.41                               |
| Month 2  | $590528.35               | $-304183.43                                |
| Month 3  | $-409942.68              | $1998537.09                                |

### 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        |   1320000 | PA      | $1377882.00   | 0.09%             | 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        |   4029589 | PA      | $3941442.00   | 0.27%             | 2029-11-01      | Variable      | 9.07%                 | 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        |   5170281 | PA      | $5179974.94   | 0.35%             | 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        |   1072061 | PA      | $1072918.63   | 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        |   3267144 | PA      | $3273269.94   | 0.22%             | 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        |   5186208 | PA      | $5190123.47   | 0.35%             | 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        |   3729000 | PA      | $3720069.05   | 0.25%             | 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        |   6673546 | PA      | $6692331.99   | 0.46%             | 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        |   2693182 | PA      | $2246625.34   | 0.15%             | 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        |   3283500 | PA      | $3287702.88   | 0.22%             | 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        |   4909617 | PA      | $4928249.11   | 0.34%             | 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        |   3595372 | PA      | $3611120.23   | 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        |   2020564 | PA      | $2023595.05   | 0.14%             | 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        |   7415343 | PA      | $4371344.87   | 0.30%             | 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        |   3835818 | PA      | $3841821.19   | 0.26%             | 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        |   4622748 | PA      | $4637193.66   | 0.32%             | 2030-08-09      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                         | Mauser Packaging Solutions Holding Co.                                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    694000 | PA      | $700923.34    | 0.05%             | 2027-04-15      | Fixed         | 7.88%                 | 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        |   1680487 | PA      | $1683990.66   | 0.12%             | 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        |  25489861 | PA      | $25570664.35  | 1.75%             | 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        |    593942 | PA      | $598150.02    | 0.04%             | 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        |   4425166 | PA      | $4446052.76   | 0.30%             | 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        |   6963075 | PA      | $6983964.00   | 0.48%             | 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        |   8816936 | PA      | $8493177.78   | 0.58%             | 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        |   1550633 | PA      | $1550632.86   | 0.11%             | 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        |  13585837 | 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        |   1156031 | PA      | $1160655.03   | 0.08%             | 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        |   3872671 | PA      | $3898579.58   | 0.27%             | 2029-08-16      | Variable      | 7.86%                 | No            |                  2 | 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        |   9569599 | PA      | $9575628.20   | 0.65%             | 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        |   7853689 | PA      | $7883493.25   | 0.54%             | 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        |   2268355 | PA      | $2280161.57   | 0.16%             | 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        |   4250163 | PA      | $4269288.87   | 0.29%             | 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        |   4740601 | PA      | $2633001.03   | 0.18%             | 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        |   5155121 | PA      | $5195949.44   | 0.36%             | 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        |   3537167 | PA      | $3560848.00   | 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        |  11705999 | PA      | $11673807.05  | 0.80%             | 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        |   5527202 | PA      | $5563819.79   | 0.38%             | 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        |   5414986 | PA      | $5176239.48   | 0.35%             | 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        |   7424471 | PA      | $7403607.79   | 0.51%             | 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        |   6075978 | PA      | $5846214.98   | 0.40%             | 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        |   8028001 | PA      | $8046305.17   | 0.55%             | 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        |   6280505 | PA      | $5355826.47   | 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        |   4500000 | PA      | $4525042.50   | 0.31%             | 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        |   2984962 | PA      | $3001752.83   | 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        |   2205583 | PA      | $2209917.30   | 0.15%             | 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        |   1651634 | PA      | $1626512.32   | 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        |   1692283 | PA      | $1699264.13   | 0.12%             | 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        |   4318849 | PA      | $4330337.50   | 0.30%             | 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        |   5887745 | PA      | $5908205.30   | 0.40%             | 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        |      3656 | PA      | $3658.08      | 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        |  13163442 | PA      | $13015352.84  | 0.89%             | 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        |   1693431 | PA      | $1699781.02   | 0.12%             | 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        |   5500000 | PA      | $5517902.50   | 0.38%             | 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        |   2651199 | PA      | $2302128.57   | 0.16%             | 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        |   3000000 | PA      | $2638140.00   | 0.18%             | 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        |   2993135 | PA      | $2999765.16   | 0.21%             | 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        |   3805049 | PA      | $3817529.29   | 0.26%             | 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        |  11117539 | PA      | $11149112.57  | 0.76%             | 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        |   2944438 | PA      | $2953477.60   | 0.20%             | 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        |   3812930 | PA      | $3827743.08   | 0.26%             | 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        |   6057096 | PA      | $6080688.30   | 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        |   4432949 | PA      | $4425191.08   | 0.30%             | 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        |    716136 | PA      | $718757.04    | 0.05%             | 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        |   2781244 | PA      | $2797389.57   | 0.19%             | 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        |   1514620 | PA      | $1515877.03   | 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        |   5502467 | PA      | $5501394.43   | 0.38%             | 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        |   3684553 | PA      | $3692382.84   | 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        |   4300000 | PA      | $4496725.00   | 0.31%             | 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        |  13585837 | 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        |   1430000 | PA      | $1304383.65   | 0.09%             | 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        |   1454211 | PA      | $1354684.80   | 0.09%             | 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        |   1511432 | PA      | $1522903.40   | 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        |    961663 | NS      | $8222218.65   | 0.56%             |  |  |  | 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        |   5183334 | PA      | $5190253.98   | 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        |   5920469 | PA      | $5594843.15   | 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        |   2730496 | PA      | $2737322.69   | 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        |   1543272 | PA      | $1547130.06   | 0.11%             | 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        |   1353536 | PA      | $1357345.71   | 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        |   9037398 | PA      | $8741920.47   | 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        |   1222291 | PA      | $1226721.44   | 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        |   1500000 | PA      | $1573960.50   | 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        |   4141583 | PA      | $4158501.28   | 0.28%             | 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        |   3862441 | PA      | $3632297.75   | 0.25%             | 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        |   1980100 | PA      | $1983653.78   | 0.14%             | 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        |   7300000 | PA      | $6652124.83   | 0.45%             | 2032-04-19      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                    | Asurion LLC, First Lien, New CME Term Loan, B9                                                    | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |      8104 | PA      | $8111.53      | 0.00%             | 2027-07-30      | Variable      | 7.72%                 | 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        |   5117800 | PA      | $5136608.33   | 0.35%             | 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        |   2238696 | PA      | $2008535.30   | 0.14%             | 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        |  23736470 | PA      | $23736469.73  | 1.62%             |  |  |  | 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        |   2193009 | PA      | $2190947.57   | 0.15%             | 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        |   2063793 | PA      | $2066692.82   | 0.14%             | 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        |   1608871 | PA      | $1621943.04   | 0.11%             | 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        |     85574 | PA      | $85787.84     | 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        |   2842657 | PA      | $2749091.10   | 0.19%             | 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        |   3655263 | PA      | $3521846.05   | 0.24%             | 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        |    914352 | PA      | $918402.44    | 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        |   4829172 | PA      | $4836198.49   | 0.33%             | 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        |   3184000 | PA      | $3189906.32   | 0.22%             | 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        |  18143072 | PA      | $18179630.14  | 1.24%             | 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        |  16493169 | PA      | $11215355.08  | 0.77%             | 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        |  13715015 | PA      | $13731472.78  | 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        |   4372277 | PA      | $4388738.85   | 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        |   4400000 | PA      | $4354914.08   | 0.30%             | 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        |   6041735 | PA      | $2114607.42   | 0.14%             | 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        |   1721841 | PA      | $1727764.17   | 0.12%             | 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        |   3600000 | PA      | $3673588.79   | 0.25%             | 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        |   5369731 | PA      | $1543797.78   | 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        |   9480366 | PA      | $9509470.74   | 0.65%             | 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        |   6971711 | PA      | $6974744.04   | 0.48%             | 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        |    773585 | PA      | $775031.51    | 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        |   5263776 | PA      | $5246853.01   | 0.36%             | 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        |  12146061 | PA      | $12156445.99  | 0.83%             | 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        |    864119 | PA      | $867760.82    | 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        |   6168122 | PA      | $6204113.49   | 0.42%             | 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        |   9773198 | PA      | $9808332.31   | 0.67%             | 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        |   4288473 | PA      | $4303483.06   | 0.29%             | 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        |   3094611 | PA      | $3041817.06   | 0.21%             | 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        |   1882745 | PA      | $1889635.45   | 0.13%             | 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        |   4431119 | PA      | $4064001.18   | 0.28%             | 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        |   7512397 | PA      | $6915386.75   | 0.47%             | 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        |  10253806 | PA      | $10250627.30  | 0.70%             | 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        |   5254084 | PA      | $5209213.82   | 0.36%             | 2028-10-02      | Variable      | 8.69%                 | No            |                  2 | On Loan: No      |
| AZZ, Inc.                                                      | AZZ, Inc., First Lien, Initial CME Term Loan                                                      | CUSIP: 00247NAG7<br>LEI: 549300HD1X2NFLWPYC83 | Long             | LON              | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2029-05-14      | Variable      | 0.00%                 | 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        |    477582 | PA      | $479222.36    | 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        |    261340 | NS      | $12597085.33  | 0.86%             |  |  |  | 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        |   5001789 | PA      | $4935365.03   | 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        |   7029033 | PA      | $7040033.43   | 0.48%             | 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        |   1100900 | PA      | $1135893.21   | 0.08%             | 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        |   3159145 | PA      | $3159792.52   | 0.22%             | 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        |   4180812 | PA      | $4187606.02   | 0.29%             | 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        |   1324065 | PA      | $1327586.98   | 0.09%             | 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        |  13901969 | PA      | $13908225.23  | 0.95%             | 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        |   3468509 | PA      | $3381813.38   | 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        |   4300000 | PA      | $4301543.70   | 0.29%             | 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        |   2523795 | PA      | $2530104.67   | 0.17%             | 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        |   7383704 | PA      | $7383704.24   | 0.50%             |  |  |  | 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        |   3000000 | PA      | $3003450.00   | 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        |   4443750 | PA      | $4446305.16   | 0.30%             | 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        |   1850000 | PA      | $1849469.41   | 0.13%             | 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        |   2300000 | PA      | $2392179.40   | 0.16%             | 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        |   4746420 | PA      | $4767185.29   | 0.33%             | 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        |   3700000 | PA      | $3696910.50   | 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        |   8140766 | PA      | $7906719.13   | 0.54%             | 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        |   1000000 | PA      | $979893.40    | 0.07%             | 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        |   4460931 | PA      | $4478373.07   | 0.31%             | 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        |   6527977 | PA      | $6503497.31   | 0.44%             | 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        |   5013273 | PA      | $5016882.92   | 0.34%             | 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        |   3900000 | PA      | $4038804.90   | 0.28%             | 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        |   3599706 | PA      | $3616858.67   | 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        |   5099904 | PA      | $5105208.37   | 0.35%             | 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        |   2321667 | PA      | $2326751.11   | 0.16%             | 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        |   2532284 | PA      | $2551795.44   | 0.17%             | 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        |  12742100 | PA      | $11300650.15  | 0.77%             | 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        |   3302419 | PA      | $3312062.42   | 0.23%             | 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        |   3478890 | PA      | $3493553.04   | 0.24%             | 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        |    189698 | PA      | $189248.51    | 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        |   2443774 | PA      | $2448343.86   | 0.17%             | 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        |   5331641 | PA      | $5341051.50   | 0.37%             | 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        |   1070852 | PA      | $1074616.06   | 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        |   6464500 | PA      | $6484701.99   | 0.44%             | 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        |   3682218 | PA      | $3688551.02   | 0.25%             | 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        |   3106209 | PA      | $3119161.54   | 0.21%             | 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        |   3482500 | PA      | $3467264.06   | 0.24%             | 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        |   7696342 | PA      | $7422813.58   | 0.51%             | 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        |   4000000 | PA      | $4031660.00   | 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        |    988899 | PA      | $991638.02    | 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        |   7342605 | PA      | $6092049.09   | 0.42%             | 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        |   1273011 | PA      | $1273367.13   | 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        |   1254000 | PA      | $1253551.58   | 0.09%             | 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        |   8094872 | PA      | $8086048.40   | 0.55%             | 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        |   5355569 | PA      | $5184538.73   | 0.35%             | 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        |   4964602 | PA      | $4978403.36   | 0.34%             | 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        |  23736470 | PA      | $23736469.73  | 1.62%             |  |  |  | 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        |  11720028 | PA      | $10980962.93  | 0.75%             | 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        |   5599510 | PA      | $5612108.73   | 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        |   5638247 | PA      | $5641770.69   | 0.39%             | 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        |   3759116 | PA      | $3761803.88   | 0.26%             | 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        |   5878643 | PA      | $5899953.12   | 0.40%             | 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        |   2600000 | PA      | $2547722.84   | 0.17%             | 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        |   4000000 | PA      | $4063096.00   | 0.28%             | 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        |    248476 | PA      | $250339.57    | 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        |   8018934 | PA      | $6549464.55   | 0.45%             | 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        |   2485000 | PA      | $2471800.18   | 0.17%             | 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        |   3498418 | PA      | $3506797.06   | 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        |   1151299 | PA      | $1117335.39   | 0.08%             | 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        |  21070403 | PA      | $21120234.34  | 1.44%             | 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        |   1898943 | PA      | $1913583.95   | 0.13%             | 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        |   3900000 | PA      | $3790209.93   | 0.26%             | 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        |   4513495 | PA      | $4521867.12   | 0.31%             | 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        |   1783281 | PA      | $1652013.95   | 0.11%             | 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        |   6326607 | PA      | $6352071.69   | 0.43%             | 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        |   2924159 | PA      | $2926396.11   | 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        |  10743956 | PA      | $10781183.87  | 0.74%             | 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        |   7651919 | PA      | $7510052.20   | 0.51%             | 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    | 0.03%             | 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        |   1344954 | PA      | $1347294.23   | 0.09%             | 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        |   8802330 | PA      | $8815401.63   | 0.60%             | 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        |    769231 | PA      | $772473.08    | 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        |   4532675 | PA      | $3692158.44   | 0.25%             | 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        |   3600000 | PA      | $3487500.00   | 0.24%             | 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        |  10350109 | PA      | $10386489.96  | 0.71%             | 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        |  13018672 | PA      | $13061699.21  | 0.89%             | 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        |   6885649 | PA      | $6891329.94   | 0.47%             | 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        |   5364266 | PA      | $5356890.08   | 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        |   8216087 | PA      | $8148427.28   | 0.56%             | 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        |  14779683 | PA      | $14323951.81  | 0.98%             | 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        |   5326315 | PA      | $5261414.16   | 0.36%             | 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        |   1800000 | PA      | $1891319.40   | 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        |   8079750 | PA      | $8099949.38   | 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        |   4600000 | PA      | $4625024.00   | 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        |   5316967 | PA      | $5330977.03   | 0.36%             | 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        |   6348455 | PA      | $6339884.94   | 0.43%             | 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        |    240000 | PA      | $245996.40    | 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        |   4455336 | PA      | $4465093.32   | 0.31%             | 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        |   8524773 | PA      | $8527032.13   | 0.58%             | 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        |   6000000 | PA      | $5874000.00   | 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        |   2898902 | PA      | $2907511.43   | 0.20%             | 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        |   3659443 | PA      | $3669049.16   | 0.25%             | 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        |   6481005 | PA      | $6485736.36   | 0.44%             | 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        |   2657967 | PA      | $2581962.40   | 0.18%             | 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        |   6208070 | PA      | $5222569.74   | 0.36%             | 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        |   2300000 | PA      | $2283971.76   | 0.16%             | 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        |   3712787 | PA      | $3718411.87   | 0.25%             | 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        |   7484777 | PA      | $7359144.90   | 0.50%             | 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        |   2405130 | PA      | $2389448.46   | 0.16%             | 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        |    665385 | PA      | $661129.48    | 0.05%             | 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        |  16832894 | PA      | $16880278.41  | 1.15%             | 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        |   5277000 | PA      | $5239608.76   | 0.36%             | 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        |  12723711 | PA      | $12773714.80  | 0.87%             | 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        |   9102690 | PA      | $9091948.53   | 0.62%             | 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        |   7443687 | PA      | $7458388.76   | 0.51%             | 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        |    856655 | PA      | $861593.40    | 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        |   6434642 | PA      | $6444229.48   | 0.44%             | 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        |   4871192 | PA      | $4582842.10   | 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        |   3060741 | PA      | $3070856.79   | 0.21%             | 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        |   4073143 | PA      | $4080617.07   | 0.28%             | 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        |    406250 | PA      | $406820.78    | 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        |   3824623 | PA      | $3849004.52   | 0.26%             | 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        |   7033375 | PA      | $7052962.49   | 0.48%             | 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        |    789701 | PA      | $791675.06    | 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        |  12699597 | PA      | $11382902.64  | 0.78%             | 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        |   3135025 | PA      | $3149869.72   | 0.22%             | 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        |   2727699 | PA      | $2725994.54   | 0.19%             | 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        |   3706086 | PA      | $3708977.15   | 0.25%             | 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        |  15180342 | PA      | $12409929.70  | 0.85%             | 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        |    613270 | NS      | $12835741.10  | 0.88%             |  |  |  | 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        |   1844979 | NS      | $68264.20     | 0.00%             |  |  |  | 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        |    459234 | PA      | $462248.52    | 0.03%             | 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        |   4541035 | PA      | $4551161.62   | 0.31%             | 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        |   7370674 | PA      | $7296967.63   | 0.50%             | 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        |  17595062 | PA      | $17636586.35  | 1.21%             | 2031-07-31      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                                | Cemex SAB de CV                                                                                   | CUSIP: 151290BX0<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |   3875000 | PA      | $3846314.15   | 0.26%             | 2030-09-17      | Fixed         | 5.20%                 | 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        |   1732522 | PA      | $1740101.71   | 0.12%             | 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        |   7403054 | PA      | $7424523.32   | 0.51%             | 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        |    939597 | PA      | $943416.78    | 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        |    216306 | PA      | $211342.13    | 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        |  10622294 | PA      | $10014858.53  | 0.68%             | 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        |   5050000 | PA      | $5083208.80   | 0.35%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio         | Institutional Fiduciary Trust - Money Market Portfolio                                            | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |  73482050 | NS      | $73482049.59  | 5.02%             |  |  |  | No            |                  1 | 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        |   1269588 | PA      | $1277129.44   | 0.09%             | 2032-03-17      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy, Inc.                                          | Cheniere Energy, Inc.                                                                             | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2387958.31   | 0.16%             | 2028-10-15      | Fixed         | 4.62%                 | 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        |   4362364 | PA      | $4369365.96   | 0.30%             | 2028-12-11      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Neon Maple US Debt Mergersub, Inc.                             | Neon Maple US Debt Mergersub, Inc., First Lien, Term Loan, B1                                     | CUSIP: N/A<br>LEI: 254900L3D6CI0XH2P605       | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2031-11-17      | Variable      | 7.33%                 | 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        |   1793480 | PA      | $1794717.84   | 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        |   5237712 | PA      | $5199371.76   | 0.36%             | 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        |   3248872 | PA      | $3237711.97   | 0.22%             | 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        |   2892750 | PA      | $2896134.52   | 0.20%             | 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        |   4436096 | PA      | $4438247.10   | 0.30%             | 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        |   2390677 | PA      | $2388740.91   | 0.16%             | 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        |   3640233 | PA      | $3617481.32   | 0.25%             | 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        |   4628103 | PA      | $4559098.13   | 0.31%             | 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        |   4096122 | PA      | $4068186.36   | 0.28%             | 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        |   9990964 | PA      | $10044066.38  | 0.69%             | 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        |   1229038 | PA      | $1232706.95   | 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        |   5113588 | PA      | $5135320.34   | 0.35%             | 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        |   6936982 | PA      | $6926576.64   | 0.47%             | 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        |   3990000 | PA      | $3991496.43   | 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        |   5300000 | PA      | $5309025.90   | 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        |   7941260 | PA      | $7435004.95   | 0.51%             | 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        |  10804916 | PA      | $10820096.83  | 0.74%             | 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        |   1398534 | PA      | $1395533.84   | 0.10%             | 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        |   1257398 | PA      | $1261818.20   | 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        |   6243979 | PA      | $6100679.44   | 0.42%             | 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        |   3988364 | PA      | $3957613.97   | 0.27%             | 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        |   7923940 | PA      | $7929090.25   | 0.54%             | 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        |   3600191 | PA      | $3054167.67   | 0.21%             | 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        |   2329098 | PA      | $2331217.10   | 0.16%             | 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        |   1245675 | PA      | $1246459.52   | 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        |   4435231 | PA      | $3930723.15   | 0.27%             | 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        |   3423908 | PA      | $3460303.68   | 0.24%             | 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        |   3543607 | PA      | $3317702.36   | 0.23%             | 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        |       634 | NS      | $1.06         | 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        |   2818182 | PA      | $2833681.80   | 0.19%             | 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        |    318450 | PA      | $320838.24    | 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        |    811575 | PA      | $809546.04    | 0.06%             | 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        |  19799013 | PA      | $19819406.08  | 1.35%             | 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        |   6146024 | PA      | $6160098.03   | 0.42%             | 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        |   1470600 | PA      | $1405068.30   | 0.10%             | 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        |   3000000 | PA      | $2999805.00   | 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        |   2803742 | PA      | $2822359.30   | 0.19%             | 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        |   1822000 | PA      | $1746490.85   | 0.12%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Franklin Investors Securities Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer