# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001752724-23-033281
**Filing Date:** 2023-2
**Character Count:** 87535
**Document Hash:** 3ee3204fb82fd952f33621e761395d6d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-033281.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001752724-23-033281

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Exchange-Traded Funds, Inc.
- **CENTRAL INDEX KEY:** 0001795351
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23494
- **FILM NUMBER:** 23652317

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 100 East Pratt Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $38551653.07

**Total Liabilities:** $17459468.71

**Net Assets:** $21092184.36

**Cash Not Reported:** $727655.90

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -1227.47000000 | **5-Year:** -4709.40000000 | **10-Year:** -630.44000000 | **30-Year:** -11.80000000

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

- **3-Month:** 0.00000000 | **1-Year:** -80.60000000 | **5-Year:** -75.15000000 | **10-Year:** -0.47000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237190 |  |  | -0.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $-173501.90                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CNT Holdings I Corp                        | CNT Holdings I Corp 2020 Term Loan                                              | CUSIP: 12656AAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     70000 | PA      | $67648.70     | 0.32%             | 2027-11-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| M6 ETX Holdings II Midco LLC               | M6 ETX Holdings II Midco LLC Term Loan B                                        | CUSIP: 55285DAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     60000 | PA      | $59962.80     | 0.28%             | 2029-09-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| USIC Holdings, Inc.                        | USIC Holdings, Inc. 2021 Term Loan                                              | CUSIP: 90290HAP7<br>LEI: 5493009ZYUWB7X699U62 | Long             | LON              | CORP              | US        |     75000 | PA      | $71781.00     | 0.34%             | 2028-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                     | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $46562.50     | 0.22%             | 2025-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Camelot U.S. Acquisition LLC               | Camelot U.S. Acquisition LLC Term Loan B                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |     50000 | PA      | $49087.50     | 0.23%             | 2026-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pearl Intermediate Parent LLC              | Pearl Intermediate Parent LLC 2018 2nd Lien Term Loan                           | CUSIP: 70476XAF2<br>LEI: 549300V0HK8MSXZNOM91 | Long             | LON              | CORP              | US        |     55000 | PA      | $51379.35     | 0.24%             | 2026-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                   | Vistra Operations Co LLC                                                        | CUSIP: 92840VAL6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112478.74    | 0.53%             | 2025-05-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AG TTMT ESCROW ISSUER                      | AG TTMT Escrow Issuer LLC                                                       | CUSIP: 00840KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35262.50     | 0.17%             | 2027-09-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                                 | Sprint LLC                                                                      | CUSIP: 85207UAH8<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56168.75     | 0.27%             | 2024-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Banff Merger Sub Inc                       | Banff Merger Sub Inc 2021 USD Term Loan                                         | CUSIP: 05988HAE7<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    125000 | PA      | $119735.00    | 0.57%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                    | CUSIP: 87470LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $57000.00     | 0.27%             | 2027-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                | Vistra Corp                                                                     | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89375.00     | 0.42%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Olaplex, Inc                               | Olaplex, Inc 2022 Term Loan                                                     | CUSIP: 67936UAB7<br>LEI: 254900QYCAW2BUUZ1O97 | Long             | LON              | CORP              | US        |     45000 | PA      | $42750.00     | 0.20%             | 2029-02-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TIBCO SOFTWARE INC.                        | Tibco Software Inc. 2022 USD Term Loan                                          | CUSIP: 88632NAV2<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |     55000 | PA      | $49853.65     | 0.24%             | 2029-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VFH Parent LLC                             | VFH Parent LLC 2022 Term Loan B                                                 | CUSIP: 000000000<br>LEI: 549300FRO9M476YHHY64 | Long             | LON              | CORP              | US        |     60000 | PA      | $58200.00     | 0.28%             | 2029-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Medline Borrower, LP                       | Medline Borrower, LP USD Term Loan B                                            | CUSIP: 58503UAC7<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    285000 | PA      | $270353.85    | 1.28%             | 2028-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners, LLC              | Focus Financial Partners, LLC 2022 Term Loan B                                  | CUSIP: 000000000<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |     65000 | PA      | $63903.45     | 0.30%             | 2028-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PRA Health Sciences, Inc.                  | PRA Health Sciences, Inc. US Term Loan                                          | CUSIP: 000000000<br>LEI: 549300R1HR1VWWHIAK47 | Long             | LON              | CORP              | US        |      9973 | PA      | $9917.25      | 0.05%             | 2028-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Heartland Dental, LLC                      | Heartland Dental, LLC 2018 1st Lien Term Loan                                   | CUSIP: 42236WAH0<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |     40000 | PA      | $36900.00     | 0.17%             | 2025-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings, Inc.        | Engineered Machinery Holdings, Inc. 2021 USD 2nd Lien Incremental Term Loan     | CUSIP: 26658NAN9<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |     35000 | PA      | $32214.70     | 0.15%             | 2029-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CQP Holdco LP                              | CQP Holdco LP 2021 Term Loan B                                                  | CUSIP: 12657QAB9<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |     70000 | PA      | $69002.50     | 0.33%             | 2028-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southwestern Energy Company                | Southwestern Energy Company 2021 Term Loan                                      | CUSIP: 84546SAU7<br>LEI: EFWMP121W54QV9MGOP87 | Long             | LON              | CORP              | US        |     40000 | PA      | $39450.00     | 0.19%             | 2027-06-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC.                            | Sabre GLBL Inc. 2022 1st Lien Term Loan B                                       | CUSIP: 78571YBJ8<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     55000 | PA      | $51425.00     | 0.24%             | 2028-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                           | Cinemark USA Inc                                                                | CUSIP: 172441BC0<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45787.50     | 0.22%             | 2025-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Inc.                     | GFL Environmental Inc. 2020 Term Loan                                           | CUSIP: 000000000<br>LEI: 549300FYK4MBXWIVZU26 | Long             | LON              | CORP              | CA        |    100000 | PA      | $99750.00     | 0.47%             | 2025-05-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                     | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $44100.00     | 0.21%             | 2026-08-01      | Fixed         | 10.13%                | No            |                  2 | On Loan: No      |
| Chamberlain Group Inc                      | Chamberlain Group Inc Term Loan B                                               | CUSIP: 15963CAC0<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |     65000 | PA      | $60754.85     | 0.29%             | 2028-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TOWNSQUARE MEDIA INC                       | Townsquare Media Inc                                                            | CUSIP: 892231AB7<br>LEI: 549300XBA8C68H0DR538 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46250.00     | 0.22%             | 2026-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Motion Finco Sarl                          | Motion Finco Sarl USD Term Loan B1                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     65642 | PA      | $63098.32     | 0.30%             | 2026-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                              | Peraton Corp. Term Loan B                                                       | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |     90000 | PA      | $87750.00     | 0.42%             | 2028-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brookfield WEC Holdings Inc.               | Brookfield WEC Holdings Inc. 2022 Term Loan                                     | CUSIP: 11284EAP8<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    100000 | PA      | $99219.00     | 0.47%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                             | Sabre GLBL Inc                                                                  | CUSIP: 78573NAH5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20375.00     | 0.10%             | 2027-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Emerald TopCo Inc                          | Emerald TopCo Inc Term Loan                                                     | CUSIP: 29102TAB8<br>LEI: 549300HC42NZULO53062 | Long             | LON              | CORP              | US        |     55000 | PA      | $50806.25     | 0.24%             | 2026-07-24      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| SOPHIA, L.P.                               | Sophia, L.P. 2021 Term Loan B                                                   | CUSIP: 83578BAN3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    180000 | PA      | $173205.00    | 0.82%             | 2027-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TerraForm Power Operating, LLC             | TerraForm Power Operating, LLC 2022 Term Loan B                                 | CUSIP: 88103NAK6<br>LEI: 5493000S2OLR3UT5BE13 | Long             | LON              | CORP              | US        |    100000 | PA      | $99208.00     | 0.47%             | 2029-05-21      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| William Morris Endeavor Entertainment, LLC | William Morris Endeavor Entertainment, LLC 2018 1st Lien Term Loan              | CUSIP: 96925HAF9<br>LEI: 5493008R7J9HEQ30DZ33 | Long             | LON              | CORP              | US        |    230000 | PA      | $223550.80    | 1.06%             | 2025-05-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR Apple Bidco, LLC                       | KKR Apple Bidco, LLC 2021 Term Loan                                             | CUSIP: 48254EAB7<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |    110000 | PA      | $107782.40    | 0.51%             | 2028-09-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp                           | IRB Holding Corp 2020 Term Loan B                                               | CUSIP: 44988LAF4<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    190000 | PA      | $186403.30    | 0.88%             | 2025-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                | Asurion LLC 2022 Term Loan B10                                                  | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     65000 | PA      | $56847.70     | 0.27%             | 2028-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AssuredPartners Inc                        | AssuredPartners Inc                                                             | CUSIP: 04624VAA7<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |     85000 | PA      | $81600.00     | 0.39%             | 2025-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ceridian HCM Holding Inc.                  | Ceridian HCM Holding Inc. 2018 Term Loan B                                      | CUSIP: 15677GAF1<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |    160000 | PA      | $156166.40    | 0.74%             | 2025-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Corp.          | Mavis Tire Express Services Corp. 2021 Term Loan B                              | CUSIP: 57777YAB2<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    160000 | PA      | $153542.40    | 0.73%             | 2028-05-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                   | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $43125.00     | 0.20%             | 2027-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Brookfield WEC Holdings Inc.               | Brookfield WEC Holdings Inc. 2021 Term Loan                                     | CUSIP: 11284EAM5<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |     60000 | PA      | $58831.20     | 0.28%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corporation                | Epicor Software Corporation 2020 2nd Lien Term Loan                             | CUSIP: 29426NAQ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |     80000 | PA      | $78900.00     | 0.37%             | 2028-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pro Mach Group, Inc.                       | Pro Mach Group, Inc. 2021 Term Loan B                                           | CUSIP: 74273JAE3<br>LEI: 5493008SZGSVUCSNB151 | Long             | LON              | CORP              | US        |     70000 | PA      | $68279.40     | 0.32%             | 2028-08-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pike Corporation                           | Pike Corporation 2022 Term Loan B                                               | CUSIP: 72108PAT1<br>LEI: 549300P4EKEP6HK0NC58 | Long             | LON              | CORP              | US        |     80000 | PA      | $78950.40     | 0.37%             | 2028-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC         | Alliant Holdings Intermediate, LLC 2021 Term Loan B4                            | CUSIP: 01881UAJ4<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |    160000 | PA      | $155100.80    | 0.74%             | 2027-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Advisor Group, Inc.                        | Advisor Group, Inc. 2021 Term Loan                                              | CUSIP: 00775KAE8<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |     60000 | PA      | $58268.40     | 0.28%             | 2026-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                | Asurion LLC 2021 Second Lien Term Loan B4                                       | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     95000 | PA      | $72753.85     | 0.34%             | 2029-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Navicure, Inc.                             | Navicure, Inc. 2019 Term Loan B                                                 | CUSIP: 63939WAG8<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |    130000 | PA      | $127400.00    | 0.60%             | 2026-10-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| McAfee, LLC                                | McAfee, LLC 2022 USD Term Loan B                                                | CUSIP: 57906HAD9<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |     85000 | PA      | $80591.05     | 0.38%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maxar Technologies Ltd.                    | Maxar Technologies Ltd. 2022 Term Loan B                                        | CUSIP: 000000000<br>LEI: 549300OEN2G821MIJ922 | Long             | LON              | CORP              | US        |     60000 | PA      | $57665.40     | 0.27%             | 2029-06-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                      | American Airlines Inc                                                           | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     50000 | PA      | $55250.00     | 0.26%             | 2025-07-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| USI, Inc.                                  | USI, Inc. 2022 Incremental Term Loan                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    270000 | PA      | $265323.60    | 1.26%             | 2029-11-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aimbridge Acquisition Co., Inc.            | Aimbridge Acquisition Co., Inc. 2020 Incremental Term Loan B                    | CUSIP: 00900YAE6<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |     45000 | PA      | $42412.50     | 0.20%             | 2026-02-02      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| CCC Intelligent Solutions Inc.             | CCC Intelligent Solutions Inc. Term Loan                                        | CUSIP: 12511BAC6<br>LEI: 5493006JEEL9RIWY5T17 | Long             | LON              | CORP              | US        |     50000 | PA      | $49150.00     | 0.23%             | 2028-09-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp.                 | Gainwell Acquisition Corp. Term Loan B                                          | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    315000 | PA      | $306810.00    | 1.45%             | 2027-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Medallion Midland Acquisition, LLC         | Medallion Midland Acquisition, LLC 2021 Term Loan                               | CUSIP: 58404BAD7<br>LEI: 549300QCYU94ZA2ELG48 | Long             | LON              | CORP              | US        |    100000 | PA      | $98813.00     | 0.47%             | 2028-10-18      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Center, LLC              | Edelman Financial Center, LLC 2021 Term Loan B                                  | CUSIP: 27943UAK2<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |     40000 | PA      | $38118.00     | 0.18%             | 2028-04-07      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Acrisure, LLC                              | Acrisure, LLC 2021 First Lien Term Loan B                                       | CUSIP: 00488PAP0<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    105000 | PA      | $100668.75    | 0.48%             | 2027-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                | Asurion LLC 2021 2nd Lien Term Loan B3                                          | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    230000 | PA      | $176870.00    | 0.84%             | 2028-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Auris Luxembourg III S.a.r.l.              | Auris Luxembourg III S.a.r.l. 2019 USD Term Loan B2                             | CUSIP: 000000000<br>LEI: 213800VO63L2OE6QXG55 | Long             | LON              | CORP              | LU        |     35000 | PA      | $30858.45     | 0.15%             | 2026-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aruba Investments, Inc.                    | Aruba Investments, Inc. 2020 USD Term Loan                                      | CUSIP: 04317JAB4<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |     65000 | PA      | $62778.95     | 0.30%             | 2027-11-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corporation          | Great Canadian Gaming Corporation 2021 Term Loan                                | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |     90000 | PA      | $88087.50     | 0.42%             | 2026-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                            | TransDigm, Inc. 2020 Term Loan F                                                | CUSIP: 89364MBR4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     50000 | PA      | $49203.00     | 0.23%             | 2025-12-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sensata Technologies BV                    | Sensata Technologies BV                                                         | CUSIP: 81725WAH6<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |     65000 | PA      | $64431.25     | 0.31%             | 2024-11-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Caesars Resort Collection, LLC             | Caesars Resort Collection, LLC 2020 Term Loan B1                                | CUSIP: 12769LAD1<br>LEI: 549300V3UCT773B1KR38 | Long             | LON              | CORP              | US        |    100000 | PA      | $99221.00     | 0.47%             | 2025-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WOOF Holdings, Inc                         | WOOF Holdings, Inc 1st Lien Term Loan                                           | CUSIP: 98082EAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     60000 | PA      | $56400.00     | 0.27%             | 2027-12-21      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Brazos Delaware II, LLC                    | Brazos Delaware II, LLC Term Loan B                                             | CUSIP: 10620UAB8<br>LEI: 549300V1BTYXZRGYUU04 | Long             | LON              | CORP              | US        |    100000 | PA      | $99333.00     | 0.47%             | 2025-05-21      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| Applied Systems, Inc.                      | Applied Systems, Inc. 2017 1st Lien Term Loan                                   | CUSIP: 03827FAX9<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    155000 | PA      | $154383.10    | 0.73%             | 2024-09-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aretec Group, Inc.                         | Aretec Group, Inc. 2018 Term Loan                                               | CUSIP: 04009DAB0<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |    210000 | PA      | $203752.50    | 0.97%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| W.R. Grace & Co.-Conn.                     | W.R. Grace & Co.-Conn. 2021 Term Loan B                                         | CUSIP: 92943HAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     80000 | PA      | $78400.00     | 0.37%             | 2028-09-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd                      | HUB International Ltd                                                           | CUSIP: 44332PAD3<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44493.75     | 0.21%             | 2026-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ICON Luxembourg S.A.R.L.                   | ICON Luxembourg S.A.R.L. LUX Term Loan                                          | CUSIP: 000000000<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |     40027 | PA      | $39804.25     | 0.19%             | 2028-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $36800.00     | 0.17%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings, Inc.              | Surgery Center Holdings, Inc. 2021 Term Loan                                    | CUSIP: 86880NAX1<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |     95000 | PA      | $93100.00     | 0.44%             | 2026-08-31      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| Starfruit Finco B.V                        | Starfruit Finco B.V 2018 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 549300K7VB5G6LULFT41 | Long             | LON              | CORP              | US        |    150000 | PA      | $146025.00    | 0.69%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                      | AssuredPartners, Inc. 2021 Term Loan B                                          | CUSIP: 04621HAS2<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |    130000 | PA      | $124702.50    | 0.59%             | 2027-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sophia, L.P.                               | Sophia, L.P. 2022 Incremental Term Loan B                                       | CUSIP: 83578BAP8<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |     60000 | PA      | $58200.00     | 0.28%             | 2027-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                    | HCA Inc                                                                         | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74475.00     | 0.35%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                           | IRB Holding Corp 2022 Term Loan B                                               | CUSIP: 44988LAH0<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |     70000 | PA      | $67270.00     | 0.32%             | 2027-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Four Seasons Hotels Limited                | Four Seasons Hotels Limited 2022 Term Loan B                                    | CUSIP: 000000000<br>LEI: 5493009FUVX8LHYY2202 | Long             | LON              | CORP              | CA        |     25000 | PA      | $24953.25     | 0.12%             | 2029-11-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BROWN GROUP HOLDING, LLC                   | Brown Group Holding, LLC 2022 Incremental Term Loan B2                          | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |     90000 | PA      | $89325.00     | 0.42%             | 2029-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                   | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd       | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $56715.00     | 0.27%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                             | Sabre GLBL Inc                                                                  | CUSIP: 78573NAC6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29925.00     | 0.14%             | 2025-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                   | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBD1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48537.50     | 0.23%             | 2027-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Sunshine Luxembourg VII SARL               | Sunshine Luxembourg VII SARL 2021 Term Loan B3                                  | CUSIP: 000000000<br>LEI: 254900CHQOBZNYV4DY60 | Long             | LON              | CORP              | LU        |     95000 | PA      | $90101.80     | 0.43%             | 2026-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| E.W. Scripps Company (The)                 | E.W. Scripps Company (The) 2020 Term Loan B3                                    | CUSIP: 26928BAM1<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |     90000 | PA      | $87332.40     | 0.41%             | 2028-01-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Simply Good Foods USA, Inc.                | Simply Good Foods USA, Inc. 2017 Term Loan B                                    | CUSIP: 04761PAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     68881 | PA      | $68708.49     | 0.33%             | 2024-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                    | American Airlines, Inc. 2021 Term Loan                                          | CUSIP: 02376CBJ3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | KY        |    255000 | PA      | $253225.20    | 1.20%             | 2028-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                       | Ryan Specialty Group LLC                                                        | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |     75000 | PA      | $64125.00     | 0.30%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ExGen Renewables IV, LLC                   | ExGen Renewables IV, LLC 2020 Term Loan                                         | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |    120000 | PA      | $118774.80    | 0.56%             | 2027-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                | Avient Corp                                                                     | CUSIP: 73179PAM8<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72750.00     | 0.34%             | 2025-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hyland Software, Inc.                      | Hyland Software, Inc. 2021 2nd Lien Term Loan                                   | CUSIP: 44908XAV0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     30000 | PA      | $28293.90     | 0.13%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ECI Macola Max Holding, LLC                | ECI Macola Max Holding, LLC 2020 Term Loan                                      | CUSIP: 26825UAK7<br>LEI: 549300MZ2LKM75L5EI42 | Long             | LON              | CORP              | US        |    105000 | PA      | $100963.80    | 0.48%             | 2027-11-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Avient Corporation                         | Avient Corporation Term Loan B                                                  | CUSIP: 73179YAL1<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | LON              | CORP              | US        |     70000 | PA      | $69628.30     | 0.33%             | 2029-08-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dave & Buster's, Inc.                      | Dave & Buster's, Inc. 2022 Term Loan B                                          | CUSIP: 23833EAV6<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |    100000 | PA      | $99075.00     | 0.47%             | 2029-06-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco, LLC                        | Radiate Holdco, LLC 2021 Term Loan B                                            | CUSIP: 75025KAH1<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |     35000 | PA      | $30619.40     | 0.15%             | 2026-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| USI Inc/NY                                 | USI Inc/NY                                                                      | CUSIP: 91739VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43931.25     | 0.21%             | 2025-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Charter NEX US, Inc.                       | Charter NEX US, Inc. 2021 Term Loan                                             | CUSIP: 16125TAJ1<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |    260000 | PA      | $252972.20    | 1.20%             | 2027-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Athenahealth, Inc.                         | Athenahealth, Inc. 2022 Term Loan B                                             | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    209417 | PA      | $190778.60    | 0.90%             | 2029-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Staples, Inc.                              | Staples, Inc. 7 Year Term Loan                                                  | CUSIP: 855031AQ3<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |     80000 | PA      | $71208.00     | 0.34%             | 2026-04-16      | Floating      | 9.44%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services Inc.               | CHG Healthcare Services Inc. 2021 Term Loan                                     | CUSIP: 000000000<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |     50000 | PA      | $48955.50     | 0.23%             | 2028-09-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Motion Finco Sarl                          | Motion Finco Sarl Delayed Draw Term Loan B2                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9358 | PA      | $8995.43      | 0.04%             | 2026-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas & Electric Company             | Pacific Gas & Electric Company 2020 Term Loan                                   | CUSIP: 69338CAH4<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | LON              | CORP              | US        |    250000 | PA      | $245885.00    | 1.17%             | 2025-06-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Company, LLC            | Go Daddy Operating Company, LLC 2022 Term Loan B5                               | CUSIP: 38017BAT3<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |     70000 | PA      | $69747.30     | 0.33%             | 2029-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Acrisure, LLC                              | Acrisure, LLC 2022 Incremental Term Loan                                        | CUSIP: 00488PAQ8<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    100000 | PA      | $99000.00     | 0.47%             | 2027-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hub International Limited                  | Hub International Limited 2022 Term Loan B                                      | CUSIP: 44332EAV8<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    190000 | PA      | $186912.50    | 0.89%             | 2029-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ultimate Software Group Inc (The)          | Ultimate Software Group Inc (The) 2021 2nd Lien Term Loan                       | CUSIP: 000000000<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    540000 | PA      | $494100.00    | 2.34%             | 2027-05-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.              | Univision Communications Inc. 2021 First Lien Term Loan B                       | CUSIP: 914908BC1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |     70000 | PA      | $68687.50     | 0.33%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CEDAR FAIR/CAN/MAGNUM/MI                   | Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op | CUSIP: 150190AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $73875.00     | 0.35%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citco Group Limited (The)                  | Citco Group Limited (The) Term Loan B                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     60000 | PA      | $59475.00     | 0.28%             | 2028-04-19      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| DirecTV Financing, LLC                     | DirecTV Financing, LLC Term Loan                                                | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105000 | PA      | $100417.80    | 0.48%             | 2027-08-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.              | Univision Communications Inc. 2022 First Lien Term Loan B                       | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |     60000 | PA      | $59100.00     | 0.28%             | 2029-06-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| USI, Inc.                                  | USI, Inc. 2019 Incremental Term Loan B                                          | CUSIP: 90351NAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50000 | PA      | $49134.00     | 0.23%             | 2026-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                   | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZX4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192258.80    | 0.91%             | 2024-11-01      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc | Apollo Commercial Real Estate Finance, Inc 2021 Incremental Term Loan B1        | CUSIP: 03768DAC1<br>LEI: 549300E0AN7M2AQHSY29 | Long             | LON              | CORP              | US        |     55000 | PA      | $51150.00     | 0.24%             | 2028-03-11      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Edelman Financial Center, LLC              | Edelman Financial Center, LLC 2018 2nd Lien Term Loan                           | CUSIP: 27943TAB5<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |     45000 | PA      | $40472.10     | 0.19%             | 2026-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Renaissance Holding Corp.                  | Renaissance Holding Corp. 2022 Incremental Term Loan                            | CUSIP: 75972JAG9<br>LEI: 549300UKKEC0Y6TXNF09 | Long             | LON              | CORP              | US        |     50000 | PA      | $48094.00     | 0.23%             | 2029-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                      | United Airlines, Inc. 2021 Term Loan B                                          | CUSIP: 90932RAJ3<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |    155000 | PA      | $152840.85    | 0.72%             | 2028-04-21      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| Alchemy Copyrights, LLC                    | Alchemy Copyrights, LLC Term Loan B                                             | CUSIP: 01374WAD7<br>LEI: 549300Y8O8X4508AZD58 | Long             | LON              | CORP              | US        |    120000 | PA      | $119100.00    | 0.56%             | 2028-03-10      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| PetSmart, Inc.                             | PetSmart, Inc. 2021 Term Loan B                                                 | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105000 | PA      | $100762.20    | 0.48%             | 2028-02-11      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.              | Dynasty Acquisition Co., Inc. 2020 Term Loan B1                                 | CUSIP: 26812CAE6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |     55280 | PA      | $53056.92     | 0.25%             | 2026-04-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyland Software, Inc.                      | Hyland Software, Inc. 2018 1st Lien Term Loan                                   | CUSIP: 44908XAT5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     30000 | PA      | $29531.40     | 0.14%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                     | SPIRIT AEROSYSTEMS INC                                                          | CUSIP: 000000000<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | LON              | CORP              | US        |     60000 | PA      | $59200.20     | 0.28%             | 2027-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUG LLC                                    | PUG LLC 2021 Incremental Term Loan B                                            | CUSIP: 74530DAG0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     55000 | PA      | $47025.00     | 0.22%             | 2027-02-12      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Claros Mortgage Trust, Inc.                | Claros Mortgage Trust, Inc. 2021 Term Loan B                                    | CUSIP: 18269PAC6<br>LEI: 549300Z9LU2CZ3K30C16 | Long             | LON              | CORP              | US        |     50000 | PA      | $49187.50     | 0.23%             | 2026-08-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings, Inc.        | Engineered Machinery Holdings, Inc. 2021 USD Incremental Term Loan              | CUSIP: 26658NAP4<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |    105000 | PA      | $101423.70    | 0.48%             | 2028-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hub International Limited                  | Hub International Limited 2018 Term Loan B                                      | CUSIP: 44332EAP1<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |     40000 | PA      | $39211.60     | 0.19%             | 2025-04-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING                   | NextEra Energy Operating Partners LP                                            | CUSIP: 65342QAK8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53075.00     | 0.25%             | 2024-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Project Ruby Ultimate Parent Corp.         | Project Ruby Ultimate Parent Corp. 2021 Term Loan                               | CUSIP: 74339UAS9<br>LEI: 549300UGGIEE7YT1C741 | Long             | LON              | CORP              | US        |     50000 | PA      | $47446.50     | 0.22%             | 2028-03-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                              | TransDigm Inc                                                                   | CUSIP: 893647BK2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76125.00     | 0.36%             | 2025-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Renaissance Holding Corp.                  | Renaissance Holding Corp. 2018 1st Lien Term Loan                               | CUSIP: 75972JAB0<br>LEI: 549300UKKEC0Y6TXNF09 | Long             | LON              | CORP              | US        |     50000 | PA      | $47812.50     | 0.23%             | 2025-05-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aruba Investments, Inc.                    | Aruba Investments, Inc. 2020 2nd Lien Term Loan                                 | CUSIP: 04317JAF5<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |     35000 | PA      | $31616.55     | 0.15%             | 2028-11-24      | Floating      | 11.79%                | No            |                  2 | On Loan: No      |
| Parexel International Corporation          | Parexel International Corporation 2021 1st Lien Term Loan                       | CUSIP: 71911KAC8<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |    180000 | PA      | $172868.40    | 0.82%             | 2028-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hub International Limited                  | Hub International Limited 2021 Term Loan B                                      | CUSIP: 44332EAU0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    470000 | PA      | $461911.30    | 2.19%             | 2025-04-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.       | Clear Channel Outdoor Holdings, Inc. Term Loan B                                | CUSIP: 18452RAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    155000 | PA      | $141507.25    | 0.67%             | 2026-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.  | Sedgwick Claims Management Services, Inc. 2020 Term Loan B3                     | CUSIP: 81527CAN7<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |     50000 | PA      | $49162.50     | 0.23%             | 2026-09-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                             | Morgan Stanley                                                                  | CUSIP: 61747YEP6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39639.88     | 0.19%             | 2025-04-17      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Heartland Dental, LLC                      | Heartland Dental, LLC 2021 Incremental Term Loan                                | CUSIP: 42236WAQ0<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |     30000 | PA      | $27765.00     | 0.13%             | 2025-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co., Inc.              | Dynasty Acquisition Co., Inc. 2020 CAD Term Loan B2                             | CUSIP: 26812CAF3<br>LEI: 549300WM2IKMXZ5LGL49 | Long             | LON              | CORP              | CA        |     29720 | PA      | $28525.23     | 0.14%             | 2026-04-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EG Group Limited                           | EG Group Limited 2021 Term Loan                                                 | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |     55000 | PA      | $50244.70     | 0.24%             | 2026-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corporation                | Epicor Software Corporation 2020 Term Loan                                      | CUSIP: 29426NAN4<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |    340000 | PA      | $327957.20    | 1.55%             | 2027-07-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Four Seasons Hotels Limited                | Four Seasons Hotels Limited New 1st Lien Term Loan                              | CUSIP: 35100DAR7<br>LEI: 5493009FUVX8LHYY2202 | Long             | LON              | CORP              | CA        |     25000 | PA      | $24953.25     | 0.12%             | 2023-11-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UFC Holdings, LLC                          | UFC Holdings, LLC 2021 Term Loan B                                              | CUSIP: 90266UAJ2<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    445000 | PA      | $436905.45    | 2.07%             | 2026-04-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aristocrat Technologies, Inc.              | Aristocrat Technologies, Inc. 2022 Term Loan B                                  | CUSIP: 000000000<br>LEI: 549300I5142EOXMKHL78 | Long             | LON              | CORP              | US        |     40000 | PA      | $39850.00     | 0.19%             | 2029-05-24      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                        | ASSUREDPARTNERS INC                                                             | CUSIP: 04621HAU7<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | LON              | CORP              | US        |    155000 | PA      | $151997.65    | 0.72%             | 2027-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC         | Alliant Holdings Intermediate, LLC 2018 Term Loan B                             | CUSIP: 01881UAE5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |    130000 | PA      | $127379.20    | 0.60%             | 2025-05-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| T Rowe Price Government Reserve Fund       | T Rowe Price Government Reserve Fund                                            | CUSIP: 76015Y109<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  18331365 | NS      | $18331364.68  | 86.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Ultimate Software Group Inc (The)          | Ultimate Software Group Inc (The) 2021 Term Loan                                | CUSIP: 90385KAK7<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    230000 | PA      | $221853.40    | 1.05%             | 2026-05-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC                        | APPLIED SYSTEMS INC                                                             | CUSIP: 000000000<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    170000 | PA      | $168884.80    | 0.80%             | 2026-09-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CCI Buyer, Inc.                            | CCI Buyer, Inc. Term Loan                                                       | CUSIP: 12510EAC1<br>LEI: 254900TMV7DAFRQALU04 | Long             | LON              | CORP              | US        |     60000 | PA      | $57915.00     | 0.27%             | 2027-12-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Formula One Holdings Limited.              | Formula One Holdings Limited. Term Loan B                                       | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |     85000 | PA      | $84548.65     | 0.40%             | 2030-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iridium Satellite LLC                      | Iridium Satellite LLC 2021 Term Loan B2                                         | CUSIP: 46269KAL8<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |    225000 | PA      | $222844.50    | 1.06%             | 2026-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PetVet Care Centers, LLC                   | PetVet Care Centers, LLC 2021 Term Loan B3                                      | CUSIP: 70476XAK1<br>LEI: 549300V0HK8MSXZNOM91 | Long             | LON              | CORP              | US        |    180000 | PA      | $166275.00    | 0.79%             | 2025-02-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SeaWorld Parks & Entertainment, Inc.       | SeaWorld Parks & Entertainment, Inc. 2021 Term Loan B                           | CUSIP: 78488CAH3<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |    250000 | PA      | $244845.00    | 1.16%             | 2028-08-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                   | Radiate Holdco LLC / Radiate Finance Inc                                        | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $33200.00     | 0.16%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                            | Naked Juice LLC Term Loan                                                       | CUSIP: 62984CAD5<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |     55000 | PA      | $51700.00     | 0.25%             | 2029-01-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Altice France S.A.                         | Altice France S.A. USD Term Loan B12                                            | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |    155000 | PA      | $148218.75    | 0.70%             | 2026-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.  | Sedgwick Claims Management Services, Inc. 2019 Term Loan B                      | CUSIP: 81527CAM9<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |     80000 | PA      | $78085.60     | 0.37%             | 2026-09-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                          | Clarios Global LP 2021 USD Term Loan B                                          | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | CA        |    130000 | PA      | $127752.30    | 0.61%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PetVet Care Centers, LLC                   | PetVet Care Centers, LLC 2022 Incremental Term Loan                             | CUSIP: 70476XAL9<br>LEI: 549300V0HK8MSXZNOM91 | Long             | LON              | CORP              | US        |     65000 | PA      | $61641.45     | 0.29%             | 2025-02-14      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES LP                      | Citadel Securities LP 2022 Incremental Term Loan B                              | CUSIP: 17288YAE2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |     50000 | PA      | $49594.00     | 0.24%             | 2028-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sensata Technologies BV                    | Sensata Technologies BV                                                         | CUSIP: 81725WAJ2<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |     70000 | PA      | $68775.00     | 0.33%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US Inc                       | Neptune Bidco US Inc 2022 USD Term Loan B                                       | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |     40000 | PA      | $35900.00     | 0.17%             | 2029-04-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Insulet Corporation                        | Insulet Corporation Term Loan B                                                 | CUSIP: 45784QAB5<br>LEI: 549300TZTYD2PYN92D43 | Long             | LON              | CORP              | US        |    260000 | PA      | $255288.80    | 1.21%             | 2028-05-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CMG Media Corporation                      | CMG Media Corporation 2021 Term Loan                                            | CUSIP: 88145LAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    175000 | PA      | $162312.50    | 0.77%             | 2026-12-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MH Sub I, LLC                              | MH Sub I, LLC 2017 1st Lien Term Loan                                           | CUSIP: 45567YAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     60000 | PA      | $58324.80     | 0.28%             | 2024-09-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MH Sub I, LLC                              | MH Sub I, LLC 2020 Incremental Term Loan                                        | CUSIP: 45567YAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105000 | PA      | $102047.40    | 0.48%             | 2024-09-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPECTACLE GARY HOLDINGS LLC                | Spectacle Gary Holdings LLC 2021 Term Loan B                                    | CUSIP: 000000000<br>LEI: 549300V1ELIRK8JURN28 | Long             | LON              | CORP              | US        |     75000 | PA      | $72562.50     | 0.34%             | 2028-11-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC                  | Mileage Plus Holdings LLC 2020 Term Loan B                                      | CUSIP: 59921PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    240000 | PA      | $246600.00    | 1.17%             | 2027-06-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR APPLE BIDCO, LLC                       | KKR Apple Bidco, LLC 2021 2nd Lien Term Loan                                    | CUSIP: 000000000<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |     50000 | PA      | $47900.00     | 0.23%             | 2029-09-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corporation               | Filtration Group Corporation 2018 EUR Term Loan                                 | CUSIP: 31732FAN6<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |     40000 | PA      | $40063.10     | 0.19%             | 2025-03-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                             | Sabre GLBL Inc                                                                  | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33293.75     | 0.16%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Press Ganey Holdings, Inc.                 | Press Ganey Holdings, Inc. 2021 Term Loan B                                     | CUSIP: 29102TAE2<br>LEI: 549300HC42NZULO53062 | Long             | LON              | CORP              | US        |     55000 | PA      | $52387.50     | 0.25%             | 2026-07-24      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| EG America LLC                             | EG America LLC 2018 USD Term Loan                                               | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |     55000 | PA      | $50127.55     | 0.24%             | 2025-02-07      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| RealPage, Inc                              | RealPage, Inc 2nd Lien Term Loan                                                | CUSIP: 75605VAG7<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |     40000 | PA      | $38275.20     | 0.18%             | 2029-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications, Inc.                 | iHeartCommunications, Inc. 2020 Incremental Term Loan                           | CUSIP: 45174UAG3<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |    165000 | PA      | $154326.15    | 0.73%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                     | Verizon Communications Inc                                                      | CUSIP: 92343VEP5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69967.03     | 0.33%             | 2025-05-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                | Asurion LLC 2018 Term Loan B7                                                   | CUSIP: 04649VAW0<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     60000 | PA      | $57437.40     | 0.27%             | 2024-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maravai Intermediate Holdings, LLC         | Maravai Intermediate Holdings, LLC 2022 Term Loan B                             | CUSIP: 56589PAJ4<br>LEI: 2549005DIMMJLV8LMZ14 | Long             | LON              | CORP              | US        |    120000 | PA      | $117750.00    | 0.56%             | 2027-10-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aimbridge Acquisition Co., Inc.            | Aimbridge Acquisition Co., Inc. 2019 Term Loan B                                | CUSIP: 00900YAD8<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |     45000 | PA      | $41850.00     | 0.20%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings, Inc.        | Engineered Machinery Holdings, Inc. 2021 USD 2nd Lien Term Loan                 | CUSIP: 26658NAQ2<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |     45000 | PA      | $41470.20     | 0.20%             | 2029-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SkyMiles IP Ltd.                           | SkyMiles IP Ltd. 2020 Skymiles Term Loan B                                      | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |     80000 | PA      | $81060.00     | 0.38%             | 2027-10-20      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER INC                   | Aretec Escrow Issuer Inc                                                        | CUSIP: 040133AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $56875.00     | 0.27%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Adient US LLC                              | Adient US LLC 2021 Term Loan B                                                  | CUSIP: 00687MAC5<br>LEI: 213800SOTRCDGZUHL712 | Long             | LON              | CORP              | US        |     70000 | PA      | $69037.50     | 0.33%             | 2028-04-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wand NewCo 3, Inc.                         | Wand NewCo 3, Inc. 2020 Term Loan                                               | CUSIP: 93369PAF1<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |    150000 | PA      | $142768.50    | 0.68%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corporation               | Filtration Group Corporation 2021 Incremental Term Loan                         | CUSIP: 31732FAR7<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |    110000 | PA      | $107057.50    | 0.51%             | 2028-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CDK Global, Inc.                           | CDK Global, Inc. 2022 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    290000 | PA      | $286276.40    | 1.36%             | 2029-07-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                    | American Airlines, Inc. 2018 Term Loan B                                        | CUSIP: 02376CBB0<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |     75000 | PA      | $71475.00     | 0.34%             | 2025-06-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services, Inc.  | Sedgwick Claims Management Services, Inc. 2018 Term Loan B                      | CUSIP: 81527CAL1<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    180000 | PA      | $174875.40    | 0.83%             | 2025-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                            | Madison IAQ LLC Term Loan                                                       | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |     65000 | PA      | $61628.45     | 0.29%             | 2028-06-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RealPage, Inc                              | RealPage, Inc 1st Lien Term Loan                                                | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    195000 | PA      | $186347.85    | 0.88%             | 2028-04-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Armor Holding II LLC                       | Armor Holding II LLC 2021 Term Loan B                                           | CUSIP: 04225VAD4<br>LEI: 254900X6HLK0YPTHHF09 | Long             | LON              | CORP              | US        |     40000 | PA      | $39350.00     | 0.19%             | 2028-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Applied Systems, Inc.                      | Applied Systems, Inc. 2021 2nd Lien Term Loan                                   | CUSIP: 03827FBA8<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    255000 | PA      | $252450.00    | 1.20%             | 2025-09-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ascend Learning, LLC                       | Ascend Learning, LLC 2021 Term Loan                                             | CUSIP: 04349HAK0<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |    175000 | PA      | $165326.00    | 0.78%             | 2028-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corporation               | Filtration Group Corporation 2018 1st Lien Term Loan                            | CUSIP: 31732FAM8<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |    260000 | PA      | $256328.80    | 1.22%             | 2025-03-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                   | Hilton Domestic Operating Co Inc                                                | CUSIP: 432833AG6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64268.75     | 0.30%             | 2025-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-21

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

**Signature:** Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer and Vice President