# EDGAR Filing Document

**Accession Number:** 0000826735
**File Stem:** 0001410368-26-032769
**Filing Date:** 2026-3
**Character Count:** 135293
**Document Hash:** bcaaa37054006d800ff4c916d7a41b8a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-032769.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0001410368-26-032769

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS INTERMEDIATE INCOME TRUST
- **CENTRAL INDEX KEY:** 0000826735

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05440
- **FILM NUMBER:** 26802286

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS MULTI GOVERNMENT INTERMEDIATE TRUST
- **DATE OF NAME CHANGE:** 19880308

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTERNATIONAL GOVERNMENT INCOME TRUST
- **DATE OF NAME CHANGE:** 19880211

## Nport-Ex

MIN-Q1

![](img507a3ae61.gif)

**Quarterly Report**

January 31, 2026

MFS<sup>®</sup> Intermediate <br>Income Trust

![](img8cdff4f32.gif)

------

**Portfolio of Investments**

1/31/26 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – 91.7%  | Bonds – 91.7%  | Bonds – 91.7%  |
| Aerospace & Defense – 0.3% | Aerospace & Defense – 0.3% | Aerospace & Defense – 0.3% |
| Howmet Aerospace, Inc., 4.55%, 11/15/2032  | $831000 | &nbsp;&nbsp;&nbsp; $835004 |
| Asset-Backed & Securitized – 8.6% | Asset-Backed & Securitized – 8.6% | Asset-Backed & Securitized – 8.6% |
| 3650R Commercial Mortgage Trust, 2021-PF1, "XA", 0.992%, 11/15/2054 (i) | $10205676 | &nbsp;&nbsp;&nbsp; $354065 |
| ACREC 2021-FL1 Ltd., "AS", FLR, 5.291% ((SOFR - 1mo. + 0.11448%) + 1.5%), 10/16/2036 (n) | 1087000 | &nbsp;&nbsp;&nbsp; 1087097 |
| AmeriCredit Automobile Receivables Trust, 2026-1, "A", 4.16%, 7/12/2029 (n) | 1400000 | &nbsp;&nbsp;&nbsp; 1400085 |
| Angel Oak Mortgage Trust, 2024-10, "A1", 5.348%, 10/25/2069 (n) | 1245660 | &nbsp;&nbsp;&nbsp; 1254356 |
| AREIT 2022-CRE6 Trust, "AS", FLR, 5.352% (SOFR - 30 day + 1.65%), 1/20/2037 (n) | 1522500 | &nbsp;&nbsp;&nbsp; 1516785 |
| ARI Fleet Lease Trust, 2023-B, "A2", 6.05%, 7/15/2032 (n) | 81222 | &nbsp;&nbsp;&nbsp; 81806 |
| ARI Fleet Lease Trust, 2025-A, "A2", 4.38%, 1/17/2034 (n) | 275298 | &nbsp;&nbsp;&nbsp; 276204 |
| Babson CLO Ltd., 2021-3A, "B1R", FLR, 5.297% (SOFR - 3mo. + 1.63%), 1/18/2035 (n) | 600000 | &nbsp;&nbsp;&nbsp; 601186 |
| BDS 2024-FL13 Ltd., "A", FLR, 5.251% (SOFR - 1mo. + 1.5762%), 9/19/2039 (n) | 305500 | &nbsp;&nbsp;&nbsp; 306237 |
| BDS 2025-FL16 Ltd., "B", FLR, 5.525% (SOFR - 1mo. + 1.85%), 7/19/2043 (n) | 429727 | &nbsp;&nbsp;&nbsp; 430801 |
| Brazos Securitization LLC, 5.014%, 9/01/2031 (n) | 572163 | &nbsp;&nbsp;&nbsp; 579269 |
| Bridgecrest Lending Auto Securitization Trust, 2025-4, "A2", 4.35%, 6/15/2028  | 731000 | &nbsp;&nbsp;&nbsp; 731717 |
| Business Jet Securities LLC, 2024-1A, "A", 6.197%, 5/15/2039 (n) | 293139 | &nbsp;&nbsp;&nbsp; 299624 |
| BXMT 2021-FL4 Ltd., "AS", FLR, 5.091% ((SOFR - 1mo. + 0.11448%) + 1.3%), 5/15/2038 (n) | 2000000 | &nbsp;&nbsp;&nbsp; 1992594 |
| Commercial Mortgage Pass-Through Certificates, 2024-CBM, "A2", 5.867%, 12/10/2041 (n) | 214765 | &nbsp;&nbsp;&nbsp; 218053 |
| Commercial Mortgage Trust, 2017-COR2, "A3", 3.51%, 9/10/2050  | 1676352 | &nbsp;&nbsp;&nbsp; 1655180 |
| Duke Energy Progress NC Storm Funding II LLC, 4.226%, 7/01/2035  | 1750000 | &nbsp;&nbsp;&nbsp; 1740815 |
| EQT Trust, 2024-EXTR, "B", 5.654%, 7/05/2041 (n) | 236027 | &nbsp;&nbsp;&nbsp; 240449 |
| GLS Auto Select Receivables Trust, 2025-2A, "A2", 6.37%, 6/15/2028 (n) | 51358 | &nbsp;&nbsp;&nbsp; 51548 |
| GreatAmerica Leasing Receivables Funding LLC, 2025-1, "A2", 4.52%, 10/15/2027 (n) | 478752 | &nbsp;&nbsp;&nbsp; 480295 |
| LAD Auto Receivables Trust, 2025-1A, "A2", 4.6%, 12/15/2027 (n) | 225324 | &nbsp;&nbsp;&nbsp; 225496 |
| LoanCore 2021-CRE6 Ltd., "AS", FLR, 5.444% ((SOFR - 1mo. + 0.11448%) + 1.65%), 11/15/2038 (n) | 1500000 | &nbsp;&nbsp;&nbsp; 1500525 |
| Morgan Stanley Residential Mortgage Loan Trust, 2024-NQM3, "A1", 5.044%, 7/25/2069 (n) | 381312 | &nbsp;&nbsp;&nbsp; 382076 |
| Morgan Stanley Residential Mortgage Loan Trust, 2025-NQM3, "A1", 5.53%, 5/25/2070 (n) | 406354 | &nbsp;&nbsp;&nbsp; 411173 |
| Neuberger Berman CLO Ltd., 2023-53A, "BR", FLR, 5.368% (SOFR - 3mo. + 1.7%), 10/24/2037 (n) | 758092 | &nbsp;&nbsp;&nbsp; 760588 |
| OBX Trust, 2024-NQM1, "A1", 5.928%, 11/25/2063 (n) | 195735 | &nbsp;&nbsp;&nbsp; 197210 |
| OBX Trust, 2024-NQM1, "A2", 6.253%, 11/25/2063 (n) | 59254 | &nbsp;&nbsp;&nbsp; 59753 |
| OBX Trust, 2024-NQM12, "A1", 5.475%, 7/25/2064 (n) | 272815 | &nbsp;&nbsp;&nbsp; 275133 |
| OBX Trust, 2024-NQM2, "A1", 5.878%, 12/25/2063 (n) | 892005 | &nbsp;&nbsp;&nbsp; 899054 |
| Palmer Square Loan Funding, 2025-1A Ltd., "A1", FLR, 4.651% (SOFR - 3mo. + 0.8%), 2/15/2033 (n) | 519237 | &nbsp;&nbsp;&nbsp; 518906 |
| Palmer Square Loan Funding, 2025-1A Ltd., "A2", FLR, 5.051% (SOFR - 3mo. + 1.2%), 2/15/2033 (n) | 900000 | &nbsp;&nbsp;&nbsp; 900013 |
| Palmer Square Loan Funding, 2025-2A Ltd., "A2", FLR, 5.072% (SOFR - 3mo. + 1.4%), 7/15/2033 (n) | 1100000 | &nbsp;&nbsp;&nbsp; 1100634 |
| PFP III 2024-11 Ltd., "11A", FLR, 5.504% (SOFR - 1mo. + 1.83239%), 9/17/2039 (n) | 435212 | &nbsp;&nbsp;&nbsp; 436066 |
| PFS Financing Corp., 2025-A, "A", FLR, 4.357% (SOFR - 1mo. + 0.65%), 1/15/2029 (n) | 721000 | &nbsp;&nbsp;&nbsp; 721893 |
| PMT Loan Trust, 2025-INV10, "A36", FLR, 5.047% (SOFR - 1mo. + 1.35%), 10/01/2056 (n) | 530591 | &nbsp;&nbsp;&nbsp; 532752 |
| Provident Funding Mortgage Trust, 2024-1, "A3", 5.5%, 12/25/2054 (n) | 373011 | &nbsp;&nbsp;&nbsp; 375488 |
| RCKT Trust, 2025-1A,"A", 4.9%, 7/25/2034 (n) | 151190 | &nbsp;&nbsp;&nbsp; 151573 |
| SBNA Auto Receivables Trust, 2025-SF1, "B", 5.12%, 3/17/2031 (n) | 20796 | &nbsp;&nbsp;&nbsp; 20803 |
| Shackleton 2019-14A CLO Ltd., "BRR", FLR, 5.217% (SOFR - 3mo. + 1.55%), 7/20/2034 (n) | 880478 | &nbsp;&nbsp;&nbsp; 880829 |
| Verus Securitization Trust, 2024-1, "A1", 5.712%, 1/25/2069 (n) | 481247 | &nbsp;&nbsp;&nbsp; 484293 |
| Verus Securitization Trust, 2024-1, "A2", 5.915%, 1/25/2069 (n) | 134565 | &nbsp;&nbsp;&nbsp; 135436 |
|  |  | &nbsp;&nbsp;&nbsp; $26267860 |
| Automotive – 1.6% | Automotive – 1.6% | Automotive – 1.6% |
| Ford Motor Credit Co. LLC, 5.8%, 3/05/2027  | $958000 | &nbsp;&nbsp;&nbsp; $971494 |
| Hyundai Capital America, 1.65%, 9/17/2026 (n) | 1000000 | &nbsp;&nbsp;&nbsp; 985890 |
| LKQ Corp., 5.75%, 6/15/2028  | 862000 | &nbsp;&nbsp;&nbsp; 885463 |
| LKQ Corp., 6.25%, 6/15/2033  | 958000 | &nbsp;&nbsp;&nbsp; 1002555 |
| Stellantis Finance US, Inc., 1.711%, 1/29/2027 (n) | 762000 | &nbsp;&nbsp;&nbsp; 743793 |
| Stellantis Finance US, Inc., 2.691%, 9/15/2031 (n) | 532000 | &nbsp;&nbsp;&nbsp; 468630 |
|  |  | &nbsp;&nbsp;&nbsp; $5057825 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Brokerage & Asset Managers – 2.8% | Brokerage & Asset Managers – 2.8% | Brokerage & Asset Managers – 2.8% |
| Brookfield Finance, Inc., 2.724%, 4/15/2031  | $2844000 | &nbsp;&nbsp;&nbsp; $2609379 |
| Charles Schwab Corp., 5.875%, 8/24/2026  | 425000 | &nbsp;&nbsp;&nbsp; 429275 |
| Charles Schwab Corp., 5.643% to 5/19/2028, FLR (SOFR - 1 day + 2.210%) to 5/19/2029  | 1535000 | &nbsp;&nbsp;&nbsp; 1593038 |
| Low Income Investment Fund, 3.386%, 7/01/2026  | 705000 | &nbsp;&nbsp;&nbsp; 701628 |
| Low Income Investment Fund, 3.711%, 7/01/2029  | 1905000 | &nbsp;&nbsp;&nbsp; 1833574 |
| LPL Holdings, Inc., 6.75%, 11/17/2028  | 1437000 | &nbsp;&nbsp;&nbsp; 1528517 |
|  |  | &nbsp;&nbsp;&nbsp; $8695411 |
| Building – 0.6% | Building – 0.6% | Building – 0.6% |
| Allegion US Holding Co., Inc., 5.6%, 5/29/2034  | $1713000 | &nbsp;&nbsp;&nbsp; $1790603 |
| Business Services – 1.6% | Business Services – 1.6% | Business Services – 1.6% |
| Paychex, Inc., 5.6%, 4/15/2035  | $1890000 | &nbsp;&nbsp;&nbsp; $1959651 |
| Tencent Holdings Ltd., 2.88%, 4/22/2031 (n) | 1499000 | &nbsp;&nbsp;&nbsp; 1413941 |
| Verisk Analytics, Inc., 4.125%, 3/15/2029  | 716000 | &nbsp;&nbsp;&nbsp; 715935 |
| Verisk Analytics, Inc., 5.75%, 4/01/2033  | 850000 | &nbsp;&nbsp;&nbsp; 898271 |
|  |  | &nbsp;&nbsp;&nbsp; $4987798 |
| Cable TV – 0.5% | Cable TV – 0.5% | Cable TV – 0.5% |
| Cox Communications, Inc., 5.45%, 9/15/2028 (n)  | $1559000 | &nbsp;&nbsp;&nbsp; $1603411 |
| Conglomerates – 1.5% | Conglomerates – 1.5% | Conglomerates – 1.5% |
| nVent Finance S.à r.l., 5.65%, 5/15/2033  | $1216000 | &nbsp;&nbsp;&nbsp; $1267953 |
| Regal Rexnord Corp., 6.05%, 4/15/2028  | 1533000 | &nbsp;&nbsp;&nbsp; 1589135 |
| Westinghouse Air Brake Technologies Corp., 4.7%, 9/15/2028  | 1760000 | &nbsp;&nbsp;&nbsp; 1783253 |
|  |  | &nbsp;&nbsp;&nbsp; $4640341 |
| Consumer Products – 0.3% | Consumer Products – 0.3% | Consumer Products – 0.3% |
| Haleon US Capital LLC, 3.375%, 3/24/2029  | $860000 | &nbsp;&nbsp;&nbsp; $841574 |
| Consumer Services – 2.1% | Consumer Services – 2.1% | Consumer Services – 2.1% |
| Booking Holdings, Inc., 3.55%, 3/15/2028  | $2737000 | &nbsp;&nbsp;&nbsp; $2715279 |
| CBRE Services, Inc., 5.5%, 6/15/2035  | 1500000 | &nbsp;&nbsp;&nbsp; 1545912 |
| Conservation Fund, 3.474%, 12/15/2029  | 563000 | &nbsp;&nbsp;&nbsp; 540062 |
| Rentokil Terminix Funding LLC, 5.625%, 4/28/2035 (n) | 1668000 | &nbsp;&nbsp;&nbsp; 1717066 |
|  |  | &nbsp;&nbsp;&nbsp; $6518319 |
| Containers – 0.6% | Containers – 0.6% | Containers – 0.6% |
| Berry Global, Inc., 1.65%, 1/15/2027  | $1542000 | &nbsp;&nbsp;&nbsp; $1508701 |
| Berry Global, Inc., 5.5%, 4/15/2028  | 325000 | &nbsp;&nbsp;&nbsp; 335000 |
|  |  | &nbsp;&nbsp;&nbsp; $1843701 |
| Electrical Equipment – 0.8% | Electrical Equipment – 0.8% | Electrical Equipment – 0.8% |
| Arrow Electronics, Inc., 3.875%, 1/12/2028  | $1049000 | &nbsp;&nbsp;&nbsp; $1043034 |
| Molex Electronic Technologies LLC, 5.25%, 4/30/2032 (n) | 1392000 | &nbsp;&nbsp;&nbsp; 1426806 |
|  |  | &nbsp;&nbsp;&nbsp; $2469840 |
| Electronics – 0.5% | Electronics – 0.5% | Electronics – 0.5% |
| Broadcom, Inc., 4.55%, 2/15/2032  | $1671000 | &nbsp;&nbsp;&nbsp; $1670217 |
| Emerging Market Quasi-Sovereign – 0.5% | Emerging Market Quasi-Sovereign – 0.5% | Emerging Market Quasi-Sovereign – 0.5% |
| Qatar Petroleum, 2.25%, 7/12/2031 (n)  | $1635000 | &nbsp;&nbsp;&nbsp; $1466752 |
| Energy - Independent – 0.9% | Energy - Independent – 0.9% | Energy - Independent – 0.9% |
| Occidental Petroleum Corp., 6.625%, 9/01/2030  | $800000 | &nbsp;&nbsp;&nbsp; $860183 |
| Occidental Petroleum Corp., 5.55%, 10/01/2034  | 375000 | &nbsp;&nbsp;&nbsp; 383613 |
| Pioneer Natural Resources Co., 1.9%, 8/15/2030  | 1750000 | &nbsp;&nbsp;&nbsp; 1587298 |
|  |  | &nbsp;&nbsp;&nbsp; $2831094 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Energy - Integrated – 0.4% | Energy - Integrated – 0.4% | Energy - Integrated – 0.4% |
| Eni S.p.A., 4.25%, 5/09/2029 (n)  | $1252000 | &nbsp;&nbsp;&nbsp; $1256616 |
| Financial Institutions – 1.4% | Financial Institutions – 1.4% | Financial Institutions – 1.4% |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.3%, 1/30/2032  | $332000 | &nbsp;&nbsp;&nbsp; $307166 |
| Avolon Holdings Funding Ltd., 3.25%, 2/15/2027 (n) | 583000 | &nbsp;&nbsp;&nbsp; 577366 |
| Avolon Holdings Funding Ltd., 2.528%, 11/18/2027 (n) | 382000 | &nbsp;&nbsp;&nbsp; 370934 |
| Avolon Holdings Funding Ltd., 2.75%, 2/21/2028 (n) | 2336000 | &nbsp;&nbsp;&nbsp; 2267718 |
| SMBC Aviation Capital Finance DAC, 5.3%, 4/03/2029 (n) | 789000 | &nbsp;&nbsp;&nbsp; 810356 |
|  |  | &nbsp;&nbsp;&nbsp; $4333540 |
| Food & Beverages – 2.1% | Food & Beverages – 2.1% | Food & Beverages – 2.1% |
| Bacardi-Martini B.V., 5.25%, 1/15/2029 (n) | $1356000 | &nbsp;&nbsp;&nbsp; $1383629 |
| JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 3%, 2/02/2029  | 1451000 | &nbsp;&nbsp;&nbsp; 1400862 |
| JDE Peet's N.V., 1.375%, 1/15/2027 (n) | 1931000 | &nbsp;&nbsp;&nbsp; 1882292 |
| Mars, Inc., 5.2%, 3/01/2035 (n) | 1666000 | &nbsp;&nbsp;&nbsp; 1705729 |
|  |  | &nbsp;&nbsp;&nbsp; $6372512 |
| Gaming & Lodging – 2.0% | Gaming & Lodging – 2.0% | Gaming & Lodging – 2.0% |
| Flutter Treasury DAC, 5.875%, 6/04/2031 (n) | $1083000 | &nbsp;&nbsp;&nbsp; $1097029 |
| GLP Capital LP/GLP Financing II, Inc., 4%, 1/15/2031  | 3055000 | &nbsp;&nbsp;&nbsp; 2921755 |
| Marriott International, Inc., 2.85%, 4/15/2031  | 802000 | &nbsp;&nbsp;&nbsp; 744291 |
| Marriott International, Inc., 2.75%, 10/15/2033  | 1750000 | &nbsp;&nbsp;&nbsp; 1528225 |
|  |  | &nbsp;&nbsp;&nbsp; $6291300 |
| Industrial – 0.4% | Industrial – 0.4% | Industrial – 0.4% |
| Howard University, Washington D.C., AGM, 2.757%, 10/01/2027  | $1250000 | &nbsp;&nbsp;&nbsp; $1219931 |
| Insurance – 1.6% | Insurance – 1.6% | Insurance – 1.6% |
| AIA Group Ltd., 3.375%, 4/07/2030 (n) | $563000 | &nbsp;&nbsp;&nbsp; $548219 |
| Corebridge Financial, Inc., 3.85%, 4/05/2029  | 2500000 | &nbsp;&nbsp;&nbsp; 2474037 |
| Sammons Financial Group, Inc., 4.75%, 4/08/2032 (n) | 2000000 | &nbsp;&nbsp;&nbsp; 1943943 |
|  |  | &nbsp;&nbsp;&nbsp; $4966199 |
| Insurance - Health – 1.2% | Insurance - Health – 1.2% | Insurance - Health – 1.2% |
| Elevance Health, Inc., 4.95%, 11/01/2031  | $1905000 | &nbsp;&nbsp;&nbsp; $1942805 |
| Humana, Inc., 3.7%, 3/23/2029  | 867000 | &nbsp;&nbsp;&nbsp; 849039 |
| Humana, Inc., 5.875%, 3/01/2033  | 882000 | &nbsp;&nbsp;&nbsp; 913044 |
|  |  | &nbsp;&nbsp;&nbsp; $3704888 |
| Insurance - Property & Casualty – 0.6% | Insurance - Property & Casualty – 0.6% | Insurance - Property & Casualty – 0.6% |
| Arthur J. Gallagher & Co., 6.5%, 2/15/2034  | $1626000 | &nbsp;&nbsp;&nbsp; $1787864 |
| International Market Quasi-Sovereign – 0.4% | International Market Quasi-Sovereign – 0.4% | International Market Quasi-Sovereign – 0.4% |
| NBN Co. Ltd. (Commonwealth of Australia), 5.75%, 10/06/2028 (n)  | $1181000 | &nbsp;&nbsp;&nbsp; $1231978 |
| Machinery & Tools – 1.2% | Machinery & Tools – 1.2% | Machinery & Tools – 1.2% |
| AGCO Corp., 5.8%, 3/21/2034  | $529000 | &nbsp;&nbsp;&nbsp; $552698 |
| CNH Industrial N.V., 3.85%, 11/15/2027  | 3066000 | &nbsp;&nbsp;&nbsp; 3054778 |
|  |  | &nbsp;&nbsp;&nbsp; $3607476 |
| Major Banks – 6.4% | Major Banks – 6.4% | Major Banks – 6.4% |
| Bank of America Corp., 1.734% to 7/22/2026, FLR (SOFR - 1 day + 0.96%) to 7/22/2027  | $2224000 | &nbsp;&nbsp;&nbsp; $2200696 |
| Bank of America Corp., 2.572% to 10/20/2031, FLR (SOFR - 1 day + 1.21%) to 10/20/2032  | 1823000 | &nbsp;&nbsp;&nbsp; 1644765 |
| Barclays PLC, 2.279% to 11/24/2026, FLR (CMT - 1yr. + 1.05%) to 11/24/2027  | 1435000 | &nbsp;&nbsp;&nbsp; 1414942 |
| BNP Paribas S.A., 2.591% to 1/20/2027, FLR (SOFR - 1 day + 1.228%) to 1/20/2028 (n) | 1723000 | &nbsp;&nbsp;&nbsp; 1699637 |
| Capital One Financial Corp., 7.624% to 10/30/2030, FLR (SOFR - 1 day + 3.07%) to 10/30/2031  | 1677000 | &nbsp;&nbsp;&nbsp; 1882468 |
| Deutsche Bank AG, 2.311% to 11/16/2026, FLR (SOFR - 1 day + 1.219%) to 11/16/2027  | 457000 | &nbsp;&nbsp;&nbsp; 450558 |
| Deutsche Bank AG, 6.72% to 1/18/2028, FLR (SOFR - 1 day + 3.18%) to 1/18/2029  | 150000 | &nbsp;&nbsp;&nbsp; 157121 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Major Banks – continued | Major Banks – continued | Major Banks – continued |
| Huntington Bancshares, Inc., 6.208% to 8/21/2028, FLR (SOFR - 1 day + 2.02%) to 8/21/2029  | $1142000 | &nbsp;&nbsp;&nbsp; $1196965 |
| JPMorgan Chase & Co., 5.04% to 1/23/2027, FLR (SOFR - 1 day + 1.19%) to 1/23/2028  | 357000 | &nbsp;&nbsp;&nbsp; 360622 |
| JPMorgan Chase & Co., 2.58% to 4/22/2031, FLR (SOFR - 1 day + 1.25%) to 4/22/2032  | 2250000 | &nbsp;&nbsp;&nbsp; 2054009 |
| Mizuho Financial Group, Inc., 5.754%, 5/27/2034  | 2000000 | &nbsp;&nbsp;&nbsp; 2110241 |
| Morgan Stanley, 3.625%, 1/20/2027  | 824000 | &nbsp;&nbsp;&nbsp; 822836 |
| Morgan Stanley, 3.95%, 4/23/2027  | 290000 | &nbsp;&nbsp;&nbsp; 289949 |
| Morgan Stanley, 1.512% to 7/20/2026, FLR (SOFR - 1 day + 0.858%) to 7/20/2027  | 977000 | &nbsp;&nbsp;&nbsp; 965592 |
| UBS Group Funding (Switzerland) AG, 4.253%, 3/23/2028 (n) | 2449000 | &nbsp;&nbsp;&nbsp; 2453767 |
|  |  | &nbsp;&nbsp;&nbsp; $19704168 |
| Medical & Health Technology & Services – 0.7% | Medical & Health Technology & Services – 0.7% | Medical & Health Technology & Services – 0.7% |
| IQVIA, Inc., 5.7%, 5/15/2028  | $472000 | &nbsp;&nbsp;&nbsp; $486302 |
| IQVIA, Inc., 6.25%, 2/01/2029  | 353000 | &nbsp;&nbsp;&nbsp; 371377 |
| ProMedica Toledo Hospital, "B", AGM, 5.75%, 11/15/2038  | 1250000 | &nbsp;&nbsp;&nbsp; 1261961 |
|  |  | &nbsp;&nbsp;&nbsp; $2119640 |
| Metals & Mining – 1.6% | Metals & Mining – 1.6% | Metals & Mining – 1.6% |
| Anglo American Capital PLC, 4.75%, 4/10/2027 (n) | $1120000 | &nbsp;&nbsp;&nbsp; $1128335 |
| Anglo American Capital PLC, 2.875%, 3/17/2031 (n) | 870000 | &nbsp;&nbsp;&nbsp; 804332 |
| Glencore Funding LLC, 1.625%, 4/27/2026 (n) | 1191000 | &nbsp;&nbsp;&nbsp; 1184055 |
| Glencore Funding LLC, 3.875%, 10/27/2027 (n) | 1887000 | &nbsp;&nbsp;&nbsp; 1880907 |
|  |  | &nbsp;&nbsp;&nbsp; $4997629 |
| Midstream – 2.2% | Midstream – 2.2% | Midstream – 2.2% |
| Columbia Pipeline Holding Co. LLC, 4.999%, 11/17/2032 (n) | $1500000 | &nbsp;&nbsp;&nbsp; $1507691 |
| Enbridge, Inc., 3.125%, 11/15/2029  | 1506000 | &nbsp;&nbsp;&nbsp; 1446325 |
| MPLX LP, 4%, 3/15/2028  | 1395000 | &nbsp;&nbsp;&nbsp; 1394301 |
| Plains All American Pipeline LP, 3.8%, 9/15/2030  | 1510000 | &nbsp;&nbsp;&nbsp; 1470565 |
| Targa Resources Corp., 4.2%, 2/01/2033  | 357000 | &nbsp;&nbsp;&nbsp; 341519 |
| Targa Resources Corp., 6.125%, 3/15/2033  | 577000 | &nbsp;&nbsp;&nbsp; 616535 |
|  |  | &nbsp;&nbsp;&nbsp; $6776936 |
| Mortgage-Backed – 5.7% | Mortgage-Backed – 5.7% |  |
| Fannie Mae, 6.5%, 11/01/2031  | $155680 | &nbsp;&nbsp;&nbsp; $160998 |
| Fannie Mae, 2.5%, 2/25/2051 (i) | 278590 | &nbsp;&nbsp;&nbsp; 39831 |
| Fannie Mae, 4.397%, 9/25/2052  | 1504838 | &nbsp;&nbsp;&nbsp; 1494384 |
| Fannie Mae, 4.497%, 10/25/2052  | 1173372 | &nbsp;&nbsp;&nbsp; 1169113 |
| Fannie Mae, 5.097%, 12/25/2054  | 376088 | &nbsp;&nbsp;&nbsp; 380227 |
| Freddie Mac, 2.57%, 7/25/2026  | 3077982 | &nbsp;&nbsp;&nbsp; 3059367 |
| Freddie Mac, 0.413%, 5/25/2029 (i) | 6513361 | &nbsp;&nbsp;&nbsp; 86133 |
| Freddie Mac, 1.005%, 7/25/2029 (i) | 4920901 | &nbsp;&nbsp;&nbsp; 129871 |
| Freddie Mac, 0.558%, 1/25/2030 (i) | 1500079 | &nbsp;&nbsp;&nbsp; 31541 |
| Freddie Mac, 0.355%, 2/25/2031 (i) | 6786456 | &nbsp;&nbsp;&nbsp; 135388 |
| Freddie Mac, 0.265%, 5/25/2033 (i) | 6200000 | &nbsp;&nbsp;&nbsp; 125893 |
| Freddie Mac, 0.176%, 10/25/2033 (i) | 11614030 | &nbsp;&nbsp;&nbsp; 185058 |
| Freddie Mac, 6%, 8/01/2034  | 1650 | &nbsp;&nbsp;&nbsp; 1691 |
| Freddie Mac, 0.905%, 9/25/2034 (i) | 1558346 | &nbsp;&nbsp;&nbsp; 105340 |
| Freddie Mac, 0.246%, 1/25/2035 (i) | 7378905 | &nbsp;&nbsp;&nbsp; 165870 |
| Freddie Mac, 0.103%, 7/25/2035 (i) | 23608032 | &nbsp;&nbsp;&nbsp; 312400 |
| Freddie Mac, 2.5%, 3/25/2051 (i) | 866564 | &nbsp;&nbsp;&nbsp; 137946 |
| Freddie Mac, 4.517%, 9/25/2052  | 694628 | &nbsp;&nbsp;&nbsp; 692486 |
| Freddie Mac, 5.927%, 12/25/2053  | 499146 | &nbsp;&nbsp;&nbsp; 507067 |
| Freddie Mac, 4.647%, 2/25/2055  | 1283658 | &nbsp;&nbsp;&nbsp; 1291309 |
| Ginnie Mae, 6%, 6/15/2033 - 10/15/2036  | 138020 | &nbsp;&nbsp;&nbsp; 142560 |
| Ginnie Mae, 5.003%, 10/20/2053  | 1526217 | &nbsp;&nbsp;&nbsp; 1539834 |
| Ginnie Mae, 5.053%, 10/20/2053  | 1640378 | &nbsp;&nbsp;&nbsp; 1656526 |
| Ginnie Mae, 6.02%, 6/20/2055  | 533864 | &nbsp;&nbsp;&nbsp; 538962 |
| Ginnie Mae, 6.095%, 6/20/2055  | 534490 | &nbsp;&nbsp;&nbsp; 523006 |
| Ginnie Mae, 1.647%, 7/20/2055 (i) | 583425 | &nbsp;&nbsp;&nbsp; 26782 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| Mortgage-Backed – continued | Mortgage-Backed – continued |  |
| Ginnie Mae, 4.991%, 4/20/2068  | $1024372 | &nbsp;&nbsp;&nbsp; $1031609 |
| Ginnie Mae, 4.449%, 11/20/2068 - 8/20/2069  | 519003 | &nbsp;&nbsp;&nbsp; 519341 |
| Ginnie Mae, 4.103%, 12/20/2071  | 357548 | &nbsp;&nbsp;&nbsp; 356497 |
| Ginnie Mae, 4.353%, 8/20/2074  | 721727 | &nbsp;&nbsp;&nbsp; 722975 |
| Ginnie Mae, 3.703%, 11/20/2074  | 388469 | &nbsp;&nbsp;&nbsp; 385358 |
|  |  | &nbsp;&nbsp;&nbsp; $17655363 |
| Municipals – 3.7% | Municipals – 3.7% | Municipals – 3.7% |
| Gainesville, TX, Hospital District, Taxable, "A", 5.711%, 8/15/2033  | $2330000 | &nbsp;&nbsp;&nbsp; $2362539 |
| Golden State, CA, Tobacco Securitization Corp., Tobacco Settlement Rev., Taxable, "B", 3%, 6/01/2046  | 475000 | &nbsp;&nbsp;&nbsp; 433429 |
| Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, "N", 6.069%, 7/01/2033  | 1750000 | &nbsp;&nbsp;&nbsp; 1824497 |
| Michigan Finance Authority, Hospital Refunding Rev., Taxable (Trinity Health Credit Group), "T", 3.084%, 12/01/2034  | 2500000 | &nbsp;&nbsp;&nbsp; 2285068 |
| Syracuse, NY, Industrial Development Agency PILOT Rev., Taxable (Carousel Center Project), "B", 5%, 1/01/2036 (z) | 3635000 | &nbsp;&nbsp;&nbsp; 2755304 |
| University of California, General Rev., Taxable, "BG", 1.614%, 5/15/2030  | 2010000 | &nbsp;&nbsp;&nbsp; 1826070 |
|  |  | &nbsp;&nbsp;&nbsp; $11486907 |
| Other Banks & Diversified Financials – 1.3% | Other Banks & Diversified Financials – 1.3% | Other Banks & Diversified Financials – 1.3% |
| AIB Group PLC, 6.608% to 9/13/2028, FLR (SOFR - 1 day + 2.33%) to 9/13/2029 (n) | $352000 | &nbsp;&nbsp;&nbsp; $373420 |
| CaixaBank S.A., 5.673% to 3/15/2029, FLR (SOFR - 1 day + 1.78%) to 3/15/2030 (n) | 1201000 | &nbsp;&nbsp;&nbsp; 1248185 |
| First Citizens Bancshare, Inc., 5.231% to 3/12/2030, FLR (SOFR - 1 day + 1.41%) to 3/12/2031  | 633000 | &nbsp;&nbsp;&nbsp; 642282 |
| Macquarie Group Ltd., 6.255% to 12/07/2033, FLR (SOFR - 1 day + 2.303%) to 12/07/2034 (n) | 819000 | &nbsp;&nbsp;&nbsp; 889789 |
| Truist Financial Corp., 5.435% to 1/24/2029, FLR (SOFR - 1 day + 1.62%) to 1/24/2030  | 789000 | &nbsp;&nbsp;&nbsp; 816561 |
|  |  | &nbsp;&nbsp;&nbsp; $3970237 |
| Real Estate - Retail – 2.9% | Real Estate - Retail – 2.9% | Real Estate - Retail – 2.9% |
| Brixmor Operating Partnership LP, REIT, 4.05%, 7/01/2030  | $2349000 | &nbsp;&nbsp;&nbsp; $2312288 |
| NNN REIT, Inc., 5.6%, 10/15/2033  | 675000 | &nbsp;&nbsp;&nbsp; 703624 |
| Realty Income Corp., REIT, 3.4%, 1/15/2028  | 2875000 | &nbsp;&nbsp;&nbsp; 2845628 |
| Regency Centers Corp., 3.7%, 6/15/2030  | 3000000 | &nbsp;&nbsp;&nbsp; 2935867 |
|  |  | &nbsp;&nbsp;&nbsp; $8797407 |
| Specialty Stores – 1.6% | Specialty Stores – 1.6% | Specialty Stores – 1.6% |
| DICK'S Sporting Goods, 3.15%, 1/15/2032  | $2631000 | &nbsp;&nbsp;&nbsp; $2424686 |
| Ross Stores, Inc., 4.8%, 4/15/2030  | 2358000 | &nbsp;&nbsp;&nbsp; 2376256 |
|  |  | &nbsp;&nbsp;&nbsp; $4800942 |
| Telecommunications - Wireless – 2.0% | Telecommunications - Wireless – 2.0% | Telecommunications - Wireless – 2.0% |
| Crown Castle, Inc., REIT, 3.65%, 9/01/2027  | $947000 | &nbsp;&nbsp;&nbsp; $940351 |
| Crown Castle, Inc., REIT, 2.25%, 1/15/2031  | 1000000 | &nbsp;&nbsp;&nbsp; 894399 |
| Rogers Communications, Inc., 3.2%, 3/15/2027  | 1739000 | &nbsp;&nbsp;&nbsp; 1723404 |
| T-Mobile USA, Inc., 3.875%, 4/15/2030  | 2500000 | &nbsp;&nbsp;&nbsp; 2457159 |
|  |  | &nbsp;&nbsp;&nbsp; $6015313 |
| Tobacco – 1.3% | Tobacco – 1.3% | Tobacco – 1.3% |
| B.A.T. Capital Corp., 5.35%, 8/15/2032  | $2000000 | &nbsp;&nbsp;&nbsp; $2077405 |
| Philip Morris International, Inc., 5.75%, 11/17/2032  | 1773000 | &nbsp;&nbsp;&nbsp; 1891313 |
|  |  | &nbsp;&nbsp;&nbsp; $3968718 |
| Transportation - Services – 2.5% | Transportation - Services – 2.5% | Transportation - Services – 2.5% |
| Element Fleet Management Corp., 5.643%, 3/13/2027 (n) | $653000 | &nbsp;&nbsp;&nbsp; $663392 |
| Element Fleet Management Corp., 5.037%, 3/25/2030 (n) | 1260000 | &nbsp;&nbsp;&nbsp; 1287348 |
| GXO Logistics, Inc., 6.25%, 5/06/2029  | 625000 | &nbsp;&nbsp;&nbsp; 659283 |
| Penske Truck Leasing Co. LP, 5.35%, 1/12/2027 (n) | 648000 | &nbsp;&nbsp;&nbsp; 655496 |
| Penske Truck Leasing Co. LP, 5.35%, 3/30/2029 (n) | 911000 | &nbsp;&nbsp;&nbsp; 938145 |
| Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2026 (n) | 480000 | &nbsp;&nbsp;&nbsp; 478939 |
| Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2027 (n) | 1525000 | &nbsp;&nbsp;&nbsp; 1439594 |
| Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2029 (n) | 1392000 | &nbsp;&nbsp;&nbsp; 1158650 |
| Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2031 (n) | 480000 | &nbsp;&nbsp;&nbsp; 338316 |
|  |  | &nbsp;&nbsp;&nbsp; $7619163 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Bonds – continued  | Bonds – continued  | Bonds – continued  |
| U.S. Treasury Obligations – 21.4% | U.S. Treasury Obligations – 21.4% | U.S. Treasury Obligations – 21.4% |
| U.S. Treasury Notes, 1.625%, 11/30/2026  | $7750000 | &nbsp;&nbsp;&nbsp; $7627756 |
| U.S. Treasury Notes, 1.875%, 2/28/2027  | 7566500 | &nbsp;&nbsp;&nbsp; 7434479 |
| U.S. Treasury Notes, 2.375%, 5/15/2027  | 4075000 | &nbsp;&nbsp;&nbsp; 4015785 |
| U.S. Treasury Notes, 0.5%, 6/30/2027  | 6500000 | &nbsp;&nbsp;&nbsp; 6231621 |
| U.S. Treasury Notes, 3.75%, 8/15/2027 (f) | 11885000 | &nbsp;&nbsp;&nbsp; 11922605 |
| U.S. Treasury Notes, 0.375%, 9/30/2027  | 5672000 | &nbsp;&nbsp;&nbsp; 5386406 |
| U.S. Treasury Notes, 3.375%, 12/31/2027  | 9301000 | &nbsp;&nbsp;&nbsp; 9274114 |
| U.S. Treasury Notes, 4.375%, 12/31/2029  | 4100000 | &nbsp;&nbsp;&nbsp; 4197695 |
| U.S. Treasury Notes, 1.5%, 2/15/2030  | 5043500 | &nbsp;&nbsp;&nbsp; 4629973 |
| U.S. Treasury Notes, 4.625%, 4/30/2031  | 1626000 | &nbsp;&nbsp;&nbsp; 1686340 |
| U.S. Treasury Notes, 4.125%, 11/15/2032  | 3400000 | &nbsp;&nbsp;&nbsp; 3422711 |
|  |  | &nbsp;&nbsp;&nbsp; $65829485 |
| Utilities - Electric Power – 3.9% | Utilities - Electric Power – 3.9% | Utilities - Electric Power – 3.9% |
| Algonquin Power & Utilities Corp., 5.365%, 6/15/2026  | $364000 | &nbsp;&nbsp;&nbsp; $365636 |
| Enel Americas S.A., 4%, 10/25/2026  | 252000 | &nbsp;&nbsp;&nbsp; 251456 |
| FirstEnergy Corp., 3.9%, 7/15/2027  | 2827000 | &nbsp;&nbsp;&nbsp; 2820561 |
| ITC Holdings Corp., 2.95%, 5/14/2030 (n) | 3000000 | &nbsp;&nbsp;&nbsp; 2833518 |
| Liberty Utilities Finance Co., 2.05%, 9/15/2030 (n) | 3000000 | &nbsp;&nbsp;&nbsp; 2720190 |
| Pacific Gas & Electric Co., 5.45%, 6/15/2027  | 401000 | &nbsp;&nbsp;&nbsp; 407418 |
| Pacific Gas & Electric Co., 2.1%, 8/01/2027  | 952000 | &nbsp;&nbsp;&nbsp; 924482 |
| Pacific Gas & Electric Co., 6.1%, 1/15/2029  | 326000 | &nbsp;&nbsp;&nbsp; 341902 |
| PSEG Power LLC, 5.2%, 5/15/2030 (n) | 314000 | &nbsp;&nbsp;&nbsp; 322117 |
| Southern California Edison Co., 6.65%, 4/01/2029  | 816000 | &nbsp;&nbsp;&nbsp; 857699 |
|  |  | &nbsp;&nbsp;&nbsp; $11844979 |
| **Total Bonds**  |  | &nbsp;&nbsp; **$281878941** |
| Mutual Funds (h) – 8.6%  | Mutual Funds (h) – 8.6%  | Mutual Funds (h) – 8.6%  |
| Money Market Funds – 8.6% | Money Market Funds – 8.6% |  |
| MFS Institutional Money Market Portfolio, 3.73% (v)  | 26363557 | &nbsp;&nbsp;&nbsp; $26368830 |
| Other Assets, Less Liabilities – (0.3)% |  | &nbsp;&nbsp;&nbsp; (1022681)<br>|
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$307225090** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(f) All or a portion of the security has been segregated as collateral for open futures
 contracts.

&nbsp;&nbsp;&nbsp;&nbsp;(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more
 of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated
 issuers and in unaffiliated issuers were $26,368,830 and $281,878,941, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Interest only security for which the fund receives interest on notional principal
 (Par amount). Par amount shown is the notional principal and does not reflect the cost of the security.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933.
 These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers.
 At period end, the aggregate value of these securities was $72,694,004, representing 23.7% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(v) Affiliated issuer that is available only to investment companies managed by MFS. The
 rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.

&nbsp;&nbsp;&nbsp;&nbsp;(z) Restricted securities are not registered under the Securities Act of 1933 and are
 subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities
 are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult.
 The fund holds the following restricted securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** | &nbsp;&nbsp; **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| Syracuse, NY, Industrial Development Agency PILOT Rev., Taxable (Carousel Center Project), "B", 5%, 1/01/2036 | 4/23/19-9/26/19 | $3525529 | $2755304 |
| % of Net assets |  |  | 0.9% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

*Portfolio of Investments (unaudited) – continued*

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| AGM | Assured Guaranty Municipal |
| CLO | Collateralized Loan Obligation |
| CMT | Constant Maturity Treasury  |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate <br> reported may not be the current rate. All reference rates are USD unless otherwise noted.<br>|
| NPFG | National Public Finance Guarantee Corp. |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** | **Derivative Contracts at 1/31/26** |
| **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  |
| **Description** | **Long/** <br>**Short**<br>| **Currency** | **Contracts** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Value/Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  | ***Interest Rate Futures***  |  |  |
| U.S. Treasury Note 10 yr | &nbsp;&nbsp; Long | &nbsp;&nbsp; USD | &nbsp;&nbsp; 72 | $8051625 | March – 2026 | &nbsp;&nbsp; $(107113)<br>|
| U.S. Treasury Note 2 yr | &nbsp;&nbsp; Long | &nbsp;&nbsp; USD | &nbsp;&nbsp; 297 | 61922180 | March – 2026 | &nbsp;&nbsp; (115185)<br>|
| U.S. Treasury Note 5 yr | &nbsp;&nbsp; Long | &nbsp;&nbsp; USD | &nbsp;&nbsp; 456 | 49671938 | March – 2026 | &nbsp;&nbsp; (368547)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $(590845)<br>|

---

At January 31, 2026, the fund had liquid securities collateral with an aggregate value of $1,136,580 to cover any collateral or margin obligations for certain derivative contracts.

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

**Supplemental Information**

1/31/26 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial

Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

**(1) Investment Valuations**

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, debt instruments and floating rate loans, including restricted debt instruments, are

generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at

issuance of 60 days or less may be valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a

third-party pricing service. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent's institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net

asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).

------

*Supplemental Information (unaudited) – continued*

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts. The following is a summary of the levels used as of January 31, 2026 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| U.S. Treasury Bonds & U.S. Government Agencies & Equivalents | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $65829485 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $65829485 |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2698730 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2698730 |
| Municipal Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11486907 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 11486907 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 118537743 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 118537743 |
| Residential Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22662087 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22662087 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6719429 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 6719429 |
| Asset-Backed Securities (including CDOs) | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14541707 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 14541707 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39402853 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39402853 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 26368830 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26368830 |
| Total | &nbsp;&nbsp;&nbsp; $26368830 | &nbsp;&nbsp;&nbsp; $281878941 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $308247771 |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts – Liabilities | &nbsp;&nbsp;&nbsp; $(590845)<br>| &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $(590845)<br>|

---

For further information regarding security characteristics, see the Portfolio of Investments.

**(2) Investments in Affiliated Issuers**

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the period ended January 31, 2026:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $18454334 | &nbsp;&nbsp; $27832688 | &nbsp;&nbsp; $19919934 | &nbsp;&nbsp; $649 | &nbsp;&nbsp; $1093 | &nbsp;&nbsp; $26368830<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $226434 | &nbsp;&nbsp; $— |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS INTERMEDIATE INCOME TRUST

- **b. Investment Company Act file number:** 811-05440

- **c. CIK number of Registrant:** 0000826735

- **d. LEI of Registrant:** WGVMPY7PP3OZCAPKRD65

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

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS INTERMEDIATE INCOME TRUST

- **c. LEI of Series:** WGVMPY7PP3OZCAPKRD65

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $308120901.62

**Total Liabilities:** $893541.08

**Net Assets:** $307227360.54

**Cash Not Reported:** $564382.81

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -643.46000000 | **1-Year:** -13915.46000000 | **5-Year:** -35370.33000000 | **10-Year:** -12622.67000000 | **30-Year:** -735.43000000

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

- **3-Month:** -91.76000000 | **1-Year:** -1077.21000000 | **5-Year:** -1719.94000000 | **10-Year:** -527.05000000 | **30-Year:** -194.71000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 2.66%                | -1.16%               | 1.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2626.16                | $779395.07                                 |
| Month 2  | $-7.86                   | $-198717.18                                |
| Month 3  | $-75613.03               | $69507.89                                  |

**Designated Index Information**

- **Index Name:** Barclays US Govt/Credit Interm

- **Index Identifier:** LF97TRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO CORP                                        | AGCO Corp                                                        | CUSIP: 001084AS1<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |    529000 | PA      | $552697.64    | 0.18%             | 2034-03-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                                    | AIA Group Ltd                                                    | CUSIP: 00131LAJ4<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    563000 | PA      | $548218.87    | 0.18%             | 2030-04-07      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| AIB GROUP PLC                                    | AIB Group PLC                                                    | CUSIP: 00135TAD6<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    352000 | PA      | $373419.85    | 0.12%             | 2029-09-13      | Fixed         | 6.61%                 | Yes           |                  2 | On Loan: No      |
| ACREC 2021-FL1 Ltd.                              | ACREC 2021-FL1 Ltd                                               | CUSIP: 00500RAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1087000 | PA      | $1087097.07   | 0.35%             | 2036-10-16      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust        | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    332000 | PA      | $307165.99    | 0.10%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                          | Algonquin Power & Utilities Corp                                 | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    364000 | PA      | $365636.55    | 0.12%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                           | Allegion US Holding Co Inc                                       | CUSIP: 01748NAF1<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |   1713000 | PA      | $1790603.23   | 0.58%             | 2034-05-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust     | American Credit Acceptance Receivables Trust 2026-1              | CUSIP: 02531FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1400085.40   | 0.46%             | 2029-07-12      | Fixed         | 4.16%                 | Yes           |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                           | Anglo American Capital PLC                                       | CUSIP: 034863AR1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   1120000 | PA      | $1128335.28   | 0.37%             | 2027-04-10      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                           | Anglo American Capital PLC                                       | CUSIP: 034863BA7<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    870000 | PA      | $804332.25    | 0.26%             | 2031-03-17      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2024-10                                 | CUSIP: 034933AA9<br>LEI: 254900QN92XYN8GJBJ44 | Long             | ABS-MBS          | CORP              | US        |   1245660 | PA      | $1254356.48   | 0.41%             | 2069-10-25      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                              | Elevance Health Inc                                              | CUSIP: 036752BC6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1905000 | PA      | $1942805.03   | 0.63%             | 2031-11-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                  | AREIT 2022-CRE6 Trust                                            | CUSIP: 04002VAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1522500 | PA      | $1516785.24   | 0.49%             | 2037-01-20      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                            | ARI Fleet Lease Trust 2025-A                                     | CUSIP: 04033CAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275298 | PA      | $276203.71    | 0.09%             | 2034-01-17      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                            | ARI Fleet Lease Trust 2023-B                                     | CUSIP: 04033GAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     81222 | PA      | $81805.53     | 0.03%             | 2032-07-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                            | Arrow Electronics Inc                                            | CUSIP: 042735BF6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   1049000 | PA      | $1043033.81   | 0.34%             | 2028-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                          | Arthur J Gallagher & Co                                          | CUSIP: 04316JAF6<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   1626000 | PA      | $1787864.02   | 0.58%             | 2034-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                      | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    583000 | PA      | $577366.59    | 0.19%             | 2027-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                      | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2336000 | PA      | $2267718.23   | 0.74%             | 2028-02-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd                                      | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    382000 | PA      | $370933.70    | 0.12%             | 2027-11-18      | Fixed         | 2.53%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                 | BAT Capital Corp                                                 | CUSIP: 05526DCB9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2077404.90   | 0.68%             | 2032-08-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                          | BDS 2024-FL13 LLC                                                | CUSIP: 05555MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    305500 | PA      | $306237.48    | 0.10%             | 2039-09-19      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BDS Ltd                                          | BDS 2025-FL16 LLC                                                | CUSIP: 05556XAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    429727 | PA      | $430801.15    | 0.14%             | 2043-07-19      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd                                         | BXMT 2021-FL4 Ltd                                                | CUSIP: 05609GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1992593.60   | 0.65%             | 2038-05-15      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| BACARDI LTD / MARTINI BV                         | Bacardi Ltd / Bacardi-Martini BV                                 | CUSIP: 05635JAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1356000 | PA      | $1383628.85   | 0.45%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                             | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2224000 | PA      | $2200696.42   | 0.72%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                             | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1823000 | PA      | $1644765.07   | 0.54%             | 2032-10-20      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | Barclays PLC                                                     | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1435000 | PA      | $1414941.73   | 0.46%             | 2027-11-24      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                   | Barings Clo Ltd 2021-III                                         | CUSIP: 06762TAN1<br>LEI: 549300V1VT2NXKFG0H98 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $601186.20    | 0.20%             | 2035-01-18      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                 | Berry Global Inc                                                 | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1542000 | PA      | $1508700.68   | 0.49%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                 | Berry Global Inc                                                 | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    325000 | PA      | $335000.39    | 0.11%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                      | BNP Paribas SA                                                   | CUSIP: 09659W2T0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1723000 | PA      | $1699636.59   | 0.55%             | 2028-01-20      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| BRAZOS SECURITIZATN LLC                          | Brazos Securitization LLC                                        | CUSIP: 106230AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    572163 | PA      | $579269.27    | 0.19%             | 2031-09-01      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust    | Bridgecrest Lending Auto Securitization Trust 2025-4             | CUSIP: 10807UAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    731000 | PA      | $731717.04    | 0.24%             | 2028-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                           | Brixmor Operating Partnership LP                                 | CUSIP: 11120VAJ2<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |   2349000 | PA      | $2312288.00   | 0.75%             | 2030-07-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom Inc                                                     | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1671000 | PA      | $1670216.84   | 0.54%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                           | Brookfield Finance Inc                                           | CUSIP: 11271LAH5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |   2844000 | PA      | $2609378.56   | 0.85%             | 2031-04-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC                     | Business Jet Securities 2024-1 LLC                               | CUSIP: 12327CAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    293139 | PA      | $299623.79    | 0.10%             | 2039-05-15      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| CBRE SERVICES INC                                | CBRE Services Inc                                                | CUSIP: 12505BAK6<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1545912.45   | 0.50%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL NV                                | CNH Industrial NV                                                | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |   3066000 | PA      | $3054778.29   | 0.99%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | COMM 2017-COR2 Mortgage Trust                                    | CUSIP: 12595EAD7<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |   1676352 | PA      | $1655180.34   | 0.54%             | 2050-09-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | COMM 2024-CBM Mortgage Trust                                     | CUSIP: 12674GAC8<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    214765 | PA      | $218052.88    | 0.07%             | 2041-12-10      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| CAIXABANK SA                                     | CaixaBank SA                                                     | CUSIP: 12803RAG9<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1201000 | PA      | $1248185.27   | 0.41%             | 2030-03-15      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                       | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1677000 | PA      | $1882468.24   | 0.61%             | 2031-10-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                         | Columbia Pipelines Holding Co LLC                                | CUSIP: 19828AAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1507691.13   | 0.49%             | 2032-11-17      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CONSERVATION FUND                                | Conservation Fund A Nonprofit Corp/The                           | CUSIP: 20848FAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    563000 | PA      | $540061.75    | 0.18%             | 2029-12-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                         | Corebridge Financial Inc                                         | CUSIP: 21871XAF6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2474037.10   | 0.81%             | 2029-04-05      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                           | Cox Communications Inc                                           | CUSIP: 224044CR6<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   1559000 | PA      | $1603411.17   | 0.52%             | 2028-09-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC                                 | Crown Castle Inc                                                 | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    947000 | PA      | $940351.33    | 0.31%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                 | Crown Castle Inc                                                 | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $894398.87    | 0.29%             | 2031-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                 | Deutsche Bank AG/New York NY                                     | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    457000 | PA      | $450557.94    | 0.15%             | 2027-11-16      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                 | Deutsche Bank AG/New York NY                                     | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    150000 | PA      | $157121.28    | 0.05%             | 2029-01-18      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                            | Dick's Sporting Goods Inc                                        | CUSIP: 253393AF9<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   2631000 | PA      | $2424685.71   | 0.79%             | 2032-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY NC ST FDG II                         | Duke Energy Carolinas Nc Storm Funding II LLC                    | CUSIP: 26443UAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1740815.46   | 0.57%             | 2035-07-01      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                          | Eni SpA                                                          | CUSIP: 26874RAJ7<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |   1252000 | PA      | $1256615.67   | 0.41%             | 2029-05-09      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                         | Element Fleet Management Corp                                    | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    653000 | PA      | $663392.22    | 0.22%             | 2027-03-13      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                         | Element Fleet Management Corp                                    | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   1260000 | PA      | $1287348.30   | 0.42%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| ENBRIDGE INC                                     | Enbridge Inc                                                     | CUSIP: 29250NAZ8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1506000 | PA      | $1446324.57   | 0.47%             | 2029-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ENEL AMERICAS SA                                 | Enel Americas SA                                                 | CUSIP: 29274FAF1<br>LEI: 549300LKH11TFCJLZK20 | Long             | DBT              | CORP              | CL        |    252000 | PA      | $251456.34    | 0.08%             | 2026-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EQT Trust 2024-EXTR                              | EQT Trust 2024-EXTR                                              | CUSIP: 29439DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    236027 | PA      | $240448.78    | 0.08%             | 2041-07-05      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Gold Pool                                            | CUSIP: 31297C5V8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1650 | PA      | $1690.71      | 0.00%             | 2034-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                | CUSIP: 3136BDV96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    278590 | PA      | $39830.76     | 0.01%             | 2051-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                | CUSIP: 3136BN3C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    752419 | PA      | $747192.15    | 0.24%             | 2052-09-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                | CUSIP: 3136BN6P6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1173372 | PA      | $1169112.74   | 0.38%             | 2052-10-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                | CUSIP: 3136BNW44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    752419 | PA      | $747192.15    | 0.24%             | 2052-09-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                | CUSIP: 3136BT7D9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    376088 | PA      | $380226.59    | 0.12%             | 2054-12-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates     | CUSIP: 3137BRQJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3077982 | PA      | $3059366.82   | 1.00%             | 2026-07-25      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                               | CUSIP: 3137FXSE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    866565 | PA      | $137945.55    | 0.04%             | 2051-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                               | CUSIP: 3137H9AD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    694628 | PA      | $692486.07    | 0.23%             | 2052-09-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates     | CUSIP: 3137HAAL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6200000 | PA      | $125893.48    | 0.04%             | 2033-05-25      | Variable      | 0.27%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates     | CUSIP: 3137HB3B8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11614030 | PA      | $185057.95    | 0.06%             | 2033-10-25      | Variable      | 0.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                               | CUSIP: 3137HB7A6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    499146 | PA      | $507067.39    | 0.17%             | 2053-12-25      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates     | CUSIP: 3137HCKP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6786456 | PA      | $135388.44    | 0.04%             | 2031-02-25      | Variable      | 0.36%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates     | CUSIP: 3137HDJK7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6513362 | PA      | $86133.34     | 0.03%             | 2029-05-25      | Variable      | 0.41%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates     | CUSIP: 3137HFP33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4920901 | PA      | $129871.44    | 0.04%             | 2029-07-25      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates     | CUSIP: 3137HHJ44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1558346 | PA      | $105339.83    | 0.03%             | 2034-09-25      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                               | CUSIP: 3137HJQL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1283659 | PA      | $1291309.17   | 0.42%             | 2055-02-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | FREMF 2025-K169 Mortgage Trust                                   | CUSIP: 3137HK2F0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7378905 | PA      | $165870.41    | 0.05%             | 2035-01-25      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates     | CUSIP: 3137HKSB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1500079 | PA      | $31540.51     | 0.01%             | 2030-01-25      | Variable      | 0.56%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates     | CUSIP: 3137HMCD0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  23608032 | PA      | $312400.37    | 0.10%             | 2035-07-25      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                  | CUSIP: 31385HZC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    155680 | PA      | $160998.00    | 0.05%             | 2031-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                         | First Citizens BancShares Inc/NC                                 | CUSIP: 31959XAC7<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    633000 | PA      | $642282.12    | 0.21%             | 2031-03-12      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                 | FirstEnergy Corp                                                 | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   2827000 | PA      | $2820561.25   | 0.92%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                             | Flutter Treasury DAC                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   1083000 | PA      | $1097028.49   | 0.36%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co LLC                                         | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    958000 | PA      | $971493.62    | 0.32%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                          | GLP Capital LP / GLP Financing II Inc                            | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3055000 | PA      | $2921754.95   | 0.95%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae I Pool                                                | CUSIP: 36200MN33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     97616 | PA      | $99831.35     | 0.03%             | 2033-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae I Pool                                                | CUSIP: 36241KK56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     40404 | PA      | $42729.06     | 0.01%             | 2036-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                | GXO Logistics Inc                                                | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    625000 | PA      | $659282.49    | 0.21%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC                            | Haleon US Capital LLC                                            | CUSIP: 36264FAL5<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    860000 | PA      | $841574.22    | 0.27%             | 2029-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                | GLS Auto Select Receivables Trust 2023-2                         | CUSIP: 36269EAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51358 | PA      | $51547.81     | 0.02%             | 2028-06-15      | Fixed         | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Gainesville Hospital District                    | GAINESVILLE TX HOSP DIST                                         | CUSIP: 363060DW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2362539.38   | 0.77%             | 2033-08-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                             | CUSIP: 378272AQ1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1887000 | PA      | $1880906.71   | 0.61%             | 2027-10-27      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                             | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1191000 | PA      | $1184055.29   | 0.39%             | 2026-04-27      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT      | CUSIP: 38122NB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $433428.86    | 0.14%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                         | CUSIP: 38380LBW2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1024372 | PA      | $1031608.94   | 0.34%             | 2068-04-20      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                         | CUSIP: 38380LQE6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     85913 | PA      | $85834.77     | 0.03%             | 2068-11-20      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                         | CUSIP: 38380LYS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    433090 | PA      | $433506.34    | 0.14%             | 2069-08-20      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                         | CUSIP: 38381NMU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    533864 | PA      | $538962.13    | 0.18%             | 2055-06-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                         | CUSIP: 38381PBA0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    583425 | PA      | $26781.58     | 0.01%             | 2055-07-20      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                         | CUSIP: 38382YKP7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    357548 | PA      | $356496.97    | 0.12%             | 2071-12-20      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                         | CUSIP: 38383KU42<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    721727 | PA      | $722974.60    | 0.24%             | 2074-08-20      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                         | CUSIP: 38384LAY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    388469 | PA      | $385358.24    | 0.13%             | 2074-11-20      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                         | CUSIP: 38385G5H8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    534490 | PA      | $523006.09    | 0.17%             | 2055-06-20      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                | GreatAmerica Leasing Receivables Funding LLC                     | CUSIP: 39154GAH9<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |    478752 | PA      | $480294.74    | 0.16%             | 2027-10-15      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| HOWARD UNIVERSITY                                | Howard University                                                | CUSIP: 442851AJ0<br>LEI: 5493000EDHIQDJSTOF89 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1219931.01   | 0.40%             | 2027-10-01      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                             | Howmet Aerospace Inc                                             | CUSIP: 443201AD0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    831000 | PA      | $835003.93    | 0.27%             | 2032-11-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                       | Humana Inc                                                       | CUSIP: 444859BT8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    867000 | PA      | $849039.40    | 0.28%             | 2029-03-23      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                       | Humana Inc                                                       | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    882000 | PA      | $913043.92    | 0.30%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                            | Huntington Bancshares Inc/OH                                     | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1142000 | PA      | $1196965.01   | 0.39%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                          | CUSIP: 44891ABZ9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985890.20    | 0.32%             | 2026-09-17      | Fixed         | 1.65%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                        | IQVIA Inc                                                        | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    472000 | PA      | $486301.60    | 0.16%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                        | IQVIA Inc                                                        | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    353000 | PA      | $371377.53    | 0.12%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                                | ITC Holdings Corp                                                | CUSIP: 465685AQ8<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2833517.79   | 0.92%             | 2030-05-14      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                         | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings | CUSIP: 46590XAN6<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   1451000 | PA      | $1400861.71   | 0.46%             | 2029-02-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                              | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2054008.94   | 0.67%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                              | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    357000 | PA      | $360621.52    | 0.12%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| JDE PEET'S NV                                    | JDE Peet's NV                                                    | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |   1931000 | PA      | $1882292.63   | 0.61%             | 2027-01-15      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| LKQ CORP                                         | LKQ Corp                                                         | CUSIP: 501889AD1<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |    862000 | PA      | $885463.46    | 0.29%             | 2028-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                                         | LKQ Corp                                                         | CUSIP: 501889AF6<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |    958000 | PA      | $1002554.99   | 0.33%             | 2033-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                 | LPL Holdings Inc                                                 | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1437000 | PA      | $1528517.49   | 0.50%             | 2028-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                       | LAD Auto Receivables Trust 2025-1                                | CUSIP: 505712AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225324 | PA      | $225496.09    | 0.07%             | 2027-12-15      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| LIBERTY UTILITIES FIN                            | Liberty Utilities Finance GP 1                                   | CUSIP: 531546AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2720189.94   | 0.89%             | 2030-09-15      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| LoanCore 2021-CRE6 Issuer, Ltd.                  | LoanCore 2021-CRE6 Issuer Ltd                                    | CUSIP: 53948HAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500525.00   | 0.49%             | 2038-11-15      | Floating      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                            | Low Income Investment Fund                                       | CUSIP: 54750AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $701628.45    | 0.23%             | 2026-07-01      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                            | Low Income Investment Fund                                       | CUSIP: 54750AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1905000 | PA      | $1833574.01   | 0.60%             | 2029-07-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio         | MFS Institutional Money Market Portfolio                         | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |  26296664 | NS      | $26301923.45  | 8.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                          | MPLX LP                                                          | CUSIP: 55336VAR1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1394301.40   | 0.45%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                              | Macquarie Group Ltd                                              | CUSIP: 55608JBQ0<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    819000 | PA      | $889788.59    | 0.29%             | 2034-12-07      | Fixed         | 6.26%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                         | Mars Inc                                                         | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1666000 | PA      | $1705728.72   | 0.56%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International Inc/MD                                    | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    802000 | PA      | $744291.16    | 0.24%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International Inc/MD                                    | CUSIP: 571903BH5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1528225.04   | 0.50%             | 2033-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority    | MASSACHUSETTS ST EDUCTNL FING AUTH                               | CUSIP: 57563RTW9<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1824496.98   | 0.59%             | 2033-07-01      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                       | MICHIGAN ST FIN AUTH REVENUE                                     | CUSIP: 59447TXW8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2285068.25   | 0.74%             | 2034-12-01      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                           | Mizuho Financial Group Inc                                       | CUSIP: 60687YCT4<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   2000000 | PA      | $2110240.60   | 0.69%             | 2034-05-27      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH                           | Molex Electronic Technologies LLC                                | CUSIP: 60856BAF1<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   1392000 | PA      | $1426805.87   | 0.46%             | 2032-04-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                   | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    824000 | PA      | $822836.50    | 0.27%             | 2027-01-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                   | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    977000 | PA      | $965591.79    | 0.31%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                   | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    290000 | PA      | $289948.74    | 0.09%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust   | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM3         | CUSIP: 61776UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    381312 | PA      | $382075.71    | 0.12%             | 2069-07-25      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust   | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM3         | CUSIP: 61778LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    406354 | PA      | $411173.13    | 0.13%             | 2070-05-25      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| NBN CO LTD                                       | NBN Co Ltd                                                       | CUSIP: 62878U2F8<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |   1181000 | PA      | $1231977.77   | 0.40%             | 2028-10-06      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NNN REIT INC                                     | NNN REIT Inc                                                     | CUSIP: 637417AS5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    675000 | PA      | $703623.63    | 0.23%             | 2033-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                         | Neuberger Berman Loan Advisers NBLA CLO 53 Ltd                   | CUSIP: 64135WAN3<br>LEI: 254900R37Z1EGG1Y1P54 | Long             | ABS-CBDO         | CORP              | JE        |    758092 | PA      | $760587.64    | 0.25%             | 2037-10-24      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| NVENT FINANCE SARL                               | nVent Finance Sarl                                               | CUSIP: 67078AAF0<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |   1216000 | PA      | $1267953.33   | 0.41%             | 2033-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM2 Trust                                              | CUSIP: 67118HAA8<br>LEI: 254900OHTVKDKZL33I54 | Long             | ABS-MBS          | CORP              | US        |    892005 | PA      | $899054.20    | 0.29%             | 2063-12-25      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM1 Trust                                              | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |    195735 | PA      | $197210.02    | 0.06%             | 2063-11-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM1 Trust                                              | CUSIP: 67448LAB8<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |     59254 | PA      | $59753.15     | 0.02%             | 2063-11-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2024-NQM12 Trust                                             | CUSIP: 67448PAA1<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-MBS          | CORP              | US        |    272815 | PA      | $275132.65    | 0.09%             | 2064-07-25      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                         | Occidental Petroleum Corp                                        | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    800000 | PA      | $860183.20    | 0.28%             | 2030-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                         | Occidental Petroleum Corp                                        | CUSIP: 674599EL5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    375000 | PA      | $383613.00    | 0.12%             | 2034-10-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| PFP III                                          | PFP 2024-11 Ltd                                                  | CUSIP: 69291WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    435212 | PA      | $436066.02    | 0.14%             | 2039-09-17      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                              | PFS Financing Corp                                               | CUSIP: 69335PFS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    721000 | PA      | $721892.67    | 0.23%             | 2029-01-15      | Floating      | 4.36%                 | Yes           |                  2 | On Loan: No      |
| PSEG POWER LLC                                   | PSEG Power LLC                                                   | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    314000 | PA      | $322117.06    | 0.10%             | 2030-05-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| PMT Loan Trust                                   | PMT Loan Trust 2025-INV10                                        | CUSIP: 69383EBK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530591 | PA      | $532752.03    | 0.17%             | 2056-10-01      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | Pacific Gas and Electric Co                                      | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    952000 | PA      | $924481.76    | 0.30%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | Pacific Gas and Electric Co                                      | CUSIP: 694308KF3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    401000 | PA      | $407417.84    | 0.13%             | 2027-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | Pacific Gas and Electric Co                                      | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    326000 | PA      | $341901.74    | 0.11%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                   | Palmer Square Loan Funding 2025-2 Ltd                            | CUSIP: 69704AAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1100633.60   | 0.36%             | 2033-07-15      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                   | Palmer Square Loan Funding 2025-1 Ltd                            | CUSIP: 69704CAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    519237 | PA      | $518906.50    | 0.17%             | 2033-02-15      | Floating      | 4.65%                 | Yes           |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                   | Palmer Square Loan Funding 2025-1 Ltd                            | CUSIP: 69704CAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $900012.60    | 0.29%             | 2033-02-15      | Floating      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| PAYCHEX INC                                      | Paychex Inc                                                      | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1959651.19   | 0.64%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                         | Penske Truck Leasing Co Lp / PTL Finance Corp                    | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    648000 | PA      | $655495.53    | 0.21%             | 2027-01-12      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                         | Penske Truck Leasing Co Lp / PTL Finance Corp                    | CUSIP: 709599BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    911000 | PA      | $938145.43    | 0.31%             | 2029-03-30      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International Inc                                  | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1773000 | PA      | $1891312.79   | 0.62%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                         | Pioneer Natural Resources Co                                     | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1587297.95   | 0.52%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                         | Plains All American Pipeline LP / PAA Finance Corp               | CUSIP: 72650RBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1470565.31   | 0.48%             | 2030-09-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                             | Booking Holdings Inc                                             | CUSIP: 741503BC9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |   2737000 | PA      | $2715278.89   | 0.88%             | 2028-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust                 | Provident Funding Mortgage Trust 2024-1                          | CUSIP: 74389BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    373011 | PA      | $375487.78    | 0.12%             | 2054-12-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| QATAR ENERGY                                     | QatarEnergy                                                      | CUSIP: 74730DAC7<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |   1635000 | PA      | $1466751.96   | 0.48%             | 2031-07-12      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| RCKT Trust                                       | RCKT Trust 2025-PL1                                              | CUSIP: 74939RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    151190 | PA      | $151573.13    | 0.05%             | 2034-07-25      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| REALTY INCOME CORP                               | Realty Income Corp                                               | CUSIP: 756109BH6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2845628.17   | 0.93%             | 2028-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                               | Regal Rexnord Corp                                               | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1533000 | PA      | $1589134.61   | 0.52%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                               | Regency Centers LP                                               | CUSIP: 75884RBA0<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2935867.11   | 0.96%             | 2030-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| RENTOKIL TERMINIX LLC                            | Rentokil Terminix Funding LLC                                    | CUSIP: 760130AB0<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |   1668000 | PA      | $1717065.57   | 0.56%             | 2035-04-28      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                         | Rogers Communications Inc                                        | CUSIP: 775109CG4<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1739000 | PA      | $1723403.64   | 0.56%             | 2027-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ROSS STORES INC                                  | Ross Stores Inc                                                  | CUSIP: 778296AD5<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |   2358000 | PA      | $2376256.56   | 0.77%             | 2030-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                      | SBNA Auto Receivables Trust 2025-SF1                             | CUSIP: 78437XAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20796 | PA      | $20803.32     | 0.01%             | 2031-03-17      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                         | SMBC Aviation Capital Finance DAC                                | CUSIP: 78448TAL6<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    789000 | PA      | $810355.72    | 0.26%             | 2029-04-03      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP                          | Sammons Financial Group Inc                                      | CUSIP: 79588TAE0<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1943942.86   | 0.63%             | 2032-04-08      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                              | Charles Schwab Corp/The                                          | CUSIP: 808513CD5<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1593037.60   | 0.52%             | 2029-05-19      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                              | Charles Schwab Corp/The                                          | CUSIP: 808513CG8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    425000 | PA      | $429275.03    | 0.14%             | 2026-08-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                               | Shackleton 2019-XIV Clo Ltd                                      | CUSIP: 81880XAY8<br>LEI: 549300HOHPZON6E4VH77 | Long             | ABS-CBDO         | CORP              | KY        |    880478 | PA      | $880829.31    | 0.29%             | 2034-07-20      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                              | Southern California Edison Co                                    | CUSIP: 842400EB5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    816000 | PA      | $857698.64    | 0.28%             | 2029-04-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                            | Stellantis Finance US Inc                                        | CUSIP: 85855CAA8<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    762000 | PA      | $743793.27    | 0.24%             | 2027-01-29      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                            | Stellantis Finance US Inc                                        | CUSIP: 85855CAB6<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    532000 | PA      | $468629.94    | 0.15%             | 2031-09-15      | Fixed         | 2.69%                 | Yes           |                  2 | On Loan: No      |
| Syracuse Industrial Development Agency           | SYRACUSE NY INDL DEV AGY PILOT REVENUE                           | CUSIP: 87172NBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $2755303.83   | 0.90%             | 2036-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T-Mobile USA Inc                                                 | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2457159.05   | 0.80%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                             | Targa Resources Corp                                             | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    357000 | PA      | $341518.76    | 0.11%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                             | Targa Resources Corp                                             | CUSIP: 87612GAC5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    577000 | PA      | $616534.48    | 0.20%             | 2033-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                             | Tencent Holdings Ltd                                             | CUSIP: 88032WBA3<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |   1499000 | PA      | $1413940.79   | 0.46%             | 2031-04-22      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| 3650R Commercial Mortgage Trust                  | 3650R 2021-PF1 Commercial Mortgage Trust                         | CUSIP: 88581EAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10205676 | PA      | $354065.51    | 0.12%             | 2054-11-15      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL/THE                              | Toledo Hospital/The                                              | CUSIP: 889184AD9<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1261960.75   | 0.41%             | 2038-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INV PART II                            | Toll Road Investors Partnership II LP                            | CUSIP: 88948ABB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $478939.34    | 0.16%             | 2026-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| TOLL ROAD INV PART II                            | Toll Road Investors Partnership II LP                            | CUSIP: 88948ABC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1439593.67   | 0.47%             | 2027-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| TOLL ROAD INV PART II                            | Toll Road Investors Partnership II LP                            | CUSIP: 88948ABE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1392000 | PA      | $1158649.82   | 0.38%             | 2029-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| TOLL ROAD INV PART II                            | Toll Road Investors Partnership II LP                            | CUSIP: 88948ABG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $338316.48    | 0.11%             | 2031-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                            | Truist Financial Corp                                            | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    789000 | PA      | $816561.24    | 0.27%             | 2030-01-24      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                     | CUSIP: 90352JAC7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2449000 | PA      | $2453767.37   | 0.80%             | 2028-03-23      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 912828X88<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4075000 | PA      | $4015785.16   | 1.31%             | 2027-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 912828YU8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7750000 | PA      | $7627755.84   | 2.48%             | 2026-11-30      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5043500 | PA      | $4629972.39   | 1.51%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 912828ZV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6500000 | PA      | $6231621.11   | 2.03%             | 2027-06-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 91282CAL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5672000 | PA      | $5386405.95   | 1.75%             | 2027-09-30      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 91282CEC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7566500 | PA      | $7434478.88   | 2.42%             | 2027-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3400000 | PA      | $3422710.95   | 1.11%             | 2032-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 91282CKN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1626000 | PA      | $1686339.85   | 0.55%             | 2031-04-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11885000 | PA      | $11922604.85  | 3.88%             | 2027-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 91282CMD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4100000 | PA      | $4197695.29   | 1.37%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                              | CUSIP: 91282CPS4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9301000 | PA      | $9274114.34   | 3.02%             | 2027-12-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| University of California                         | UNIV OF CALIFORNIA CA REVENUES                                   | CUSIP: 91412HGG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $1826069.93   | 0.59%             | 2030-05-15      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                             | Verisk Analytics Inc                                             | CUSIP: 92345YAF3<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    716000 | PA      | $715934.85    | 0.23%             | 2029-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                             | Verisk Analytics Inc                                             | CUSIP: 92345YAH9<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    850000 | PA      | $898270.90    | 0.29%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2024-1                                | CUSIP: 92540EAA1<br>LEI: 984500A3F1D749452747 | Long             | ABS-MBS          | CORP              | US        |    481247 | PA      | $484292.65    | 0.16%             | 2069-01-25      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2024-1                                | CUSIP: 92540EAB9<br>LEI: 984500A3F1D749452747 | Long             | ABS-MBS          | CORP              | US        |    134565 | PA      | $135435.73    | 0.04%             | 2069-01-25      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                           | Westinghouse Air Brake Technologies Corp                         | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1783253.10   | 0.58%             | 2028-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR NOTE (CBT)MAR26                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        72 | NC      | $-107112.46   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US 5YR NOTE (CBT) MAR26                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       456 | NC      | $-368546.95   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                           | US 2YR NOTE (CBT) MAR26                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       297 | NC      | $-115185.11   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** MFS INTERMEDIATE INCOME TRUST

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer