# EDGAR Filing Document

**Accession Number:** 0001233681
**File Stem:** 0001410368-25-032175
**Filing Date:** 2025-11
**Character Count:** 1262588
**Document Hash:** 7bac81b8ac1981a0135172457b034a48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-032175.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-032175

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK Ltd DURATION INCOME TRUST
- **CENTRAL INDEX KEY:** 0001233681

**ORGANIZATION NAME:**
- **EIN:** 200096695
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21349
- **FILM NUMBER:** 251525909

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **STREET 2:** MUTUAL FUND DEPARTMENT
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 888-825-227

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **STREET 2:** MUTUAL FUND DEPARTMENT
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK LTD DURATION INCOME TRUST
- **DATE OF NAME CHANGE:** 20041103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK LIMITED DURATION INCOME TRUST
- **DATE OF NAME CHANGE:** 20030611

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK MANAGED DURATION INCOME TRUST
- **DATE OF NAME CHANGE:** 20030529

## Nport-Ex

September 30, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

**BlackRock Limited Duration Income Trust (BLW)**<br>

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| &nbsp;&nbsp;&nbsp; AIMCO CLO Ltd., Series 2018-BA, Class CRR, (3-mo. <br> CME Term SOFR + 2.40%), 6.72%, 04/16/37<sup>(a)(b)</sup><br>| USD | 500 | &nbsp;&nbsp; $503620 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO Ltd., Series 2015-7A, <br> Class DR3, (3-mo. CME Term SOFR + 3.80%), <br> 8.11%, 04/28/37<sup>(a)(b)</sup><br>|  | 1000 | &nbsp;&nbsp; 1006673 |
| Apidos CLO XVIII-R<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-18A, Class A1R2, (3-mo. CME Term <br> SOFR + 1.33%), 5.66%, 01/22/38<br>|  | 2255 | &nbsp;&nbsp; 2264318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-18A, Class BR2, (3-mo. CME Term <br> SOFR + 1.70%), 6.03%, 01/22/38<br>|  | 1353 | &nbsp;&nbsp; 1359805 |
| &nbsp;&nbsp;&nbsp; Argent Securities Trust, Series 2006-W5, Class A1, (1-<br> mo. Term SOFR + 0.41%), 4.57%, 06/25/36<sup>(a)</sup><br>|  | 3640 | &nbsp;&nbsp; 2416970 |
| &nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd., Series 2021-3A, Class D, <br> (3-mo. CME Term SOFR + 3.36%), 7.68%, <br> 07/24/34<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 249062 |
| Ballyrock CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-14AR, Class DR, (3-mo. CME Term <br> SOFR + 5.85%), 10.18%, 07/20/37<br>|  | 250 | &nbsp;&nbsp; 250851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-28A, Class A2, (3-mo. CME Term SOFR <br> + 1.70%), 6.03%, 01/20/38<br>|  | 750 | &nbsp;&nbsp; 752625 |
| &nbsp;&nbsp;&nbsp; Bryant Park Funding Ltd., Series 2024-22A, Class C, <br> (3-mo. CME Term SOFR + 2.60%), 6.92%, <br> 04/15/37<sup>(a)(b)</sup><br>|  | 800 | &nbsp;&nbsp; 805779 |
| &nbsp;&nbsp;&nbsp; CarVal CLO II Ltd., Series 2019-1A, Class AR2, (3-mo. <br> CME Term SOFR + 1.02%), 5.35%, 04/20/32<sup>(a)(b)</sup><br>|  | 1537 | &nbsp;&nbsp; 1538307 |
| &nbsp;&nbsp;&nbsp; Cayuga Park CLO Ltd., Series 2020-1A, Class B1R, <br> (3-mo. CME Term SOFR + 1.91%), 6.19%, <br> 07/17/34<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 250415 |
| &nbsp;&nbsp;&nbsp; Cedar Funding XIV CLO Ltd., Series 2021-14A, <br> Class B1R, (3-mo. CME Term SOFR + 1.70%), <br> 6.02%, 10/15/37<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 501405 |
| &nbsp;&nbsp;&nbsp; Cedar Funding XV CLO Ltd., Series 2022-15A, Class B, <br> (3-mo. CME Term SOFR + 1.80%), 6.13%, <br> 04/20/35<sup>(a)(b)</sup><br>|  | 450 | &nbsp;&nbsp; 451224 |
| CIFC Funding Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class CRR, (3-mo. CME Term SOFR <br> + 2.45%), 6.78%, 04/21/37<br>|  | 550 | &nbsp;&nbsp; 553888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class A1R, (3-mo. CME Term SOFR <br> + 1.32%), 5.59%, 01/18/38<br>|  | 1804 | &nbsp;&nbsp; 1809412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class BR, (3-mo. CME Term SOFR + <br> 1.70%), 5.97%, 01/18/38<br>|  | 2255 | &nbsp;&nbsp; 2264336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class D1R2, (3-mo. CME Term <br> SOFR + 3.05%), 7.38%, 10/20/37<br>|  | 500 | &nbsp;&nbsp; 504234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-7A, Class ER, (3-mo. CME Term SOFR + <br> 5.35%), 9.68%, 01/22/38<br>|  | 500 | &nbsp;&nbsp; 506305 |
| &nbsp;&nbsp;&nbsp; Citigroup Mortgage Loan Trust, Series 2006-FX1, <br> Class A7, 7.28%, 10/25/36<br>|  | 291 | &nbsp;&nbsp; 168058 |
| &nbsp;&nbsp;&nbsp; Concord Music Royalties LLC, Series 2024-1A, Class A, <br> 5.64%, 10/20/74<sup>(b)</sup><br>|  | 272 | &nbsp;&nbsp; 274048 |
| &nbsp;&nbsp;&nbsp; Creeksource Dunes Creek CLO Ltd., Series 2024-1A, <br> Class A1, (3-mo. CME Term SOFR + 1.41%), 5.73%, <br> 01/15/38<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 502171 |
| &nbsp;&nbsp;&nbsp; CWABS Asset-Backed Certificates Trust, Series 2006-<br> 26, Class 1A, (1-mo. Term SOFR + 0.39%), 4.55%, <br> 06/25/37<sup>(a)</sup><br>|  | 414 | &nbsp;&nbsp; 390039 |
| &nbsp;&nbsp;&nbsp; Dryden CLO Ltd., Series 2018-64A, Class D, (3-mo. <br> CME Term SOFR + 2.91%), 7.24%, 04/18/31<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 251858 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO Ltd., <br> Series 2021-11A, Class AR, (3-mo. CME Term SOFR <br> + 1.08%), 5.41%, 10/20/34<sup>(a)(b)</sup><br>|  | 280 | &nbsp;&nbsp; 280225 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; GoodLeap Home Improvement Solutions Trust, <br> Series 2025-1A, Class B, 6.27%, 02/20/49<sup>(b)</sup><br>| USD | 270 | &nbsp;&nbsp; $276076 |
| &nbsp;&nbsp;&nbsp; GreenSky Home Improvement Issuer Trust, <br> Series 2024-2, Class C, 5.55%, 10/27/59<sup>(b)</sup><br>|  | 100 | &nbsp;&nbsp; 101008 |
| &nbsp;&nbsp;&nbsp; Lyra Music Assets Delaware LP, Series 2025-1A, <br> Class A2, 5.60%, 09/20/65<sup>(b)</sup><br>|  | 293 | &nbsp;&nbsp; 296301 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXVII Ltd., Series 2019-37A, <br> Class BR2, (3-mo. CME Term SOFR + 1.95%), <br> 6.27%, 04/15/37<sup>(a)(b)</sup><br>|  | 875 | &nbsp;&nbsp; 879078 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXVIII Ltd., Series 2021-38A, <br> Class B, (3-mo. CME Term SOFR + 1.91%), 6.19%, <br> 07/17/34<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 250475 |
| &nbsp;&nbsp;&nbsp; Mariner Finance Issuance Trust, Series 2024-AA, <br> Class E, 9.02%, 09/22/36<sup>(b)</sup><br>|  | 497 | &nbsp;&nbsp; 515920 |
| &nbsp;&nbsp;&nbsp; Nelnet Student Loan Trust, Series 2025-BA, Class D, <br> 6.04%, 05/17/55<sup>(b)</sup><br>|  | 801 | &nbsp;&nbsp; 806602 |
| OCP CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-16A, Class DR, (3-mo. CME Term SOFR <br> + 3.41%), 7.74%, 04/10/33<br>|  | 250 | &nbsp;&nbsp; 250823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-38A, Class A, (3-mo. CME Term SOFR + <br> 1.33%), 5.66%, 01/21/38<br>|  | 1000 | &nbsp;&nbsp; 1003018 |
| &nbsp;&nbsp;&nbsp; Octagon 54 Ltd., Series 2021-1A, Class D, (3-mo. CME <br> Term SOFR + 3.31%), 7.63%, 07/15/34<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 249983 |
| &nbsp;&nbsp;&nbsp; Octagon Investment Partners XVII Ltd., Series 2013-1A, <br> Class BR2, (3-mo. CME Term SOFR + 1.66%), <br> 5.98%, 01/25/31<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 250450 |
| &nbsp;&nbsp;&nbsp; OZLM XXI Ltd., Series 2017-21A, Class D, (3-mo. CME <br> Term SOFR + 5.80%), 10.13%, 01/20/31<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 240042 |
| &nbsp;&nbsp;&nbsp; Palmer Square CLO Ltd., Series 2024-4A, Class B, (3-<br> mo. CME Term SOFR + 1.65%), 5.97%, 01/15/38<sup>(a)(b)</sup><br>|  | 1520 | &nbsp;&nbsp; 1527965 |
| &nbsp;&nbsp;&nbsp; Regatta 30 Funding Ltd., Series 2024-4A, Class B, (3-<br> mo. CME Term SOFR + 1.65%), 5.97%, 01/25/38<sup>(a)(b)</sup><br>|  | 1600 | &nbsp;&nbsp; 1604208 |
| &nbsp;&nbsp;&nbsp; Regatta XVIII Funding Ltd., Series 2021-1A, Class BR, <br> (3-mo. CME Term SOFR + 1.55%), 5.87%, <br> 04/15/38<sup>(a)(b)</sup><br>|  | 300 | &nbsp;&nbsp; 300645 |
| &nbsp;&nbsp;&nbsp; Regatta XXIV Funding Ltd., Series 2021-5A, Class D1R, <br> (3-mo. CME Term SOFR + 2.80%), 7.13%, <br> 01/20/38<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 252453 |
| &nbsp;&nbsp;&nbsp; Regional Management Issuance Trust, Series 2021-3, <br> Class A, 3.88%, 10/17/33<sup>(b)(c)</sup><br>|  | 980 | &nbsp;&nbsp; 949424 |
| Rockford Tower CLO Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-2A, Class DR, (3-mo. CME Term SOFR + <br> 3.11%), 7.43%, 10/15/29<br>|  | 500 | &nbsp;&nbsp; 500012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3A, Class A1R, (3-mo. CME Term SOFR <br> + 1.40%), 5.72%, 01/15/38<br>|  | 2977 | &nbsp;&nbsp; 2989190 |
| &nbsp;&nbsp;&nbsp; RR Ltd., Series 2022-24A, Class A1A2, (3-mo. CME <br> Term SOFR + 1.31%), 5.63%, 01/15/37<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 250968 |
| &nbsp;&nbsp;&nbsp; Service Experts Issuer LLC, Series 2024-1A, Class A, <br> 6.39%, 11/20/35<sup>(b)</sup><br>|  | 168 | &nbsp;&nbsp; 171955 |
| Sterling COOFS Trust<sup>(b)(c)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004-1, Class A, 2.36%, 04/15/29 |  | 607 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Series 2004-2, Class Note, 2.08%, 03/30/30 |  | 382 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Subway Funding LLC, Series 2024-1A, Class A2I, <br> 6.03%, 07/30/54<sup>(b)</sup><br>|  | 293 | &nbsp;&nbsp; 296829 |
| &nbsp;&nbsp;&nbsp; Symphony CLO Ltd., Series 2023-40A, Class AR, (3-mo. <br> CME Term SOFR + 1.31%), 5.63%, 01/05/38<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 501930 |
| Trimaran CAVU Ltd.<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1A, Class D1R, (3-mo. CME Term SOFR <br> + 3.40%), 7.72%, 07/23/37<br>|  | 250 | &nbsp;&nbsp; 251133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2A, Class D1, (3-mo. CME Term SOFR + <br> 3.51%), 7.83%, 10/25/34<br>|  | 500 | &nbsp;&nbsp; 502302 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** | **Asset-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; Unique Pub Finance Co. PLC, Series 02, Class N, <br> 6.46%, 03/30/32<sup>(d)</sup><br>| GBP | 20 | &nbsp;&nbsp; $28485 |
| &nbsp;&nbsp;&nbsp; Upgrade Master Pass-Thru Trust, Series 2025-ST4, <br> Class A, 5.50%, 08/16/32<sup>(b)</sup><br>| USD | 262 | &nbsp;&nbsp; 262847 |
| &nbsp;&nbsp;&nbsp; UPX HIL Issuer Trust, Series 2025-1, Class A, 5.16%, <br> 01/25/47<sup>(b)</sup><br>|  | 452 | &nbsp;&nbsp; 453900 |
| &nbsp;&nbsp;&nbsp; Voya CLO Ltd., Series 2019-3A, Class BR, (3-mo. CME <br> Term SOFR + 1.91%), 6.19%, 10/17/32<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 500500 |
| &nbsp;&nbsp;&nbsp; Whitebox CLO II Ltd., Series 2020-2A, Class D1R2, (3-<br> mo. CME Term SOFR + 2.90%), 7.22%, 10/24/37<sup>(a)(b)</sup><br>|  | 500 | &nbsp;&nbsp; 504080 |
| &nbsp;&nbsp;&nbsp; Whitebox CLO III Ltd., Series 2021-3A, Class DR, (3-mo. <br> CME Term SOFR + 2.85%), 7.17%, 10/15/35<sup>(a)(b)</sup><br>|  | 250 | &nbsp;&nbsp; 252004 |
| &nbsp;&nbsp;&nbsp; Wireless PropCo Funding LLC, Series 2025-1A, Class B, <br> 4.30%, 06/25/55<sup>(b)</sup><br>|  | 870 | &nbsp;&nbsp; 830506 |
| **Total Asset-Backed Securities — 6.9%** <br>**(Cost: $38,058,725)** | **Total Asset-Backed Securities — 6.9%** <br>**(Cost: $38,058,725)** | **Total Asset-Backed Securities — 6.9%** <br>**(Cost: $38,058,725)** | &nbsp;&nbsp; 37906740 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Capital Markets — 0.0%** | **Capital Markets — 0.0%** |  |
| Wom New Holdco<sup>(c)(e)</sup> | 549 | &nbsp;&nbsp; 12627 |
| **Construction & Engineering — 0.0%** | **Construction & Engineering — 0.0%** |  |
| Mcdermott International Ltd.<sup>(e)</sup> | 382 | &nbsp;&nbsp; 7602 |
| **Entertainment — 0.0%** | **Entertainment — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Learfield Communications LLC, (Acquired 09/06/23, <br> Cost: $22,469)<sup>(c)(e)(f)</sup><br>| 1788 | &nbsp;&nbsp; 187740 |
| **Financial Services — 0.1%** | **Financial Services — 0.1%** |  |
| Aimbridge Acquisition Co., Inc.<sup>(c)(e)</sup> | 6610 | &nbsp;&nbsp; 426306 |
| **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** |  |
| Sirva BGRS Holdings, Inc.<sup>(e)</sup> | 464 | &nbsp;&nbsp; 386 |
| **Household Products — 0.0%** | **Household Products — 0.0%** |  |
| Berkline Benchcraft Equity LLC<sup>(c)(e)</sup> | 3155 | &nbsp;&nbsp; — |
| **Industrial Conglomerates**<sup>(e)</sup> **— 0.0%** | **Industrial Conglomerates**<sup>(e)</sup> **— 0.0%** |  |
| Ameriforge Group, Inc.<sup>(c)</sup> | 801 | &nbsp;&nbsp; — |
| SVP Singer | 4245 | &nbsp;&nbsp; 18572 |
|  |  | &nbsp;&nbsp; 18572 |
| **IT Services — 0.1%** | **IT Services — 0.1%** |  |
| Travelport LLC<sup>(c)(e)</sup> | 90 | &nbsp;&nbsp; 271641 |
| **Real Estate Management & Development — 0.0%** | **Real Estate Management & Development — 0.0%** |  |
| ADLER Group SA<sup>(c)(e)</sup> | 33168 | &nbsp;&nbsp; — |
| **Trading Companies & Distributors — 0.0%** | **Trading Companies & Distributors — 0.0%** |  |
| TMK Hawk Midco Corp.<sup>(c)(e)</sup> | 10062 | &nbsp;&nbsp; 110685 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Transportation Infrastructure — 0.0%** | **Transportation Infrastructure — 0.0%** |  |
| Incora Top Holdco LLC<sup>(b)(c)(e)</sup> | 9432 | &nbsp;&nbsp; $59233 |
| **Total Common Stocks — 0.2%** <br>**(Cost: $1,888,493)** | **Total Common Stocks — 0.2%** <br>**(Cost: $1,888,493)** | &nbsp;&nbsp; 1094792 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** | **Corporate Bonds** |
| **Advertising Agencies — 1.1%** | **Advertising Agencies — 1.1%** | **Advertising Agencies — 1.1%** | **Advertising Agencies — 1.1%** |
| Clear Channel Outdoor Holdings, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/28 | USD | 470 | &nbsp;&nbsp; 469145 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/01/29 |  | 839 | &nbsp;&nbsp; 814848 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/01/30 |  | 636 | &nbsp;&nbsp; 667817 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31 |  | 872 | &nbsp;&nbsp; 901345 |
| &nbsp;&nbsp;&nbsp; 7.50%, 03/15/33 |  | 1013 | &nbsp;&nbsp; 1059161 |
| CMG Media Corp., 8.88%, 06/18/29<sup>(b)</sup> |  | 188 | &nbsp;&nbsp; 172663 |
| Interpublic Group of Cos., Inc., 5.40%, 10/01/48<sup>(g)</sup> |  | 200 | &nbsp;&nbsp; 186604 |
| Lamar Media Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/30 |  | 40 | &nbsp;&nbsp; 38293 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/01/33<sup>(b)</sup> |  | 209 | &nbsp;&nbsp; 207463 |
| Neptune Bidco U.S., Inc., 9.29%, 04/15/29<sup>(b)(g)</sup> |  | 608 | &nbsp;&nbsp; 596867 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media Capital <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/27 |  | 88 | &nbsp;&nbsp; 87558 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/29<sup>(g)</sup> |  | 268 | &nbsp;&nbsp; 257412 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/30<sup>(g)</sup> |  | 107 | &nbsp;&nbsp; 102837 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/31<sup>(g)</sup> |  | 254 | &nbsp;&nbsp; 267955 |
| Stagwell Global LLC, 5.63%, 08/15/29<sup>(b)(g)</sup> |  | 101 | &nbsp;&nbsp; 98113 |
|  |  |  | &nbsp;&nbsp; 5928081 |
| **Aerospace & Defense — 2.5%** | **Aerospace & Defense — 2.5%** | **Aerospace & Defense — 2.5%** | **Aerospace & Defense — 2.5%** |
| AAR Escrow Issuer LLC, 6.75%, 03/15/29<sup>(b)</sup> |  | 303 | &nbsp;&nbsp; 311916 |
| ATI, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 12/01/27<sup>(g)</sup> |  | 127 | &nbsp;&nbsp; 127243 |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/01/29 |  | 101 | &nbsp;&nbsp; 99300 |
| &nbsp;&nbsp;&nbsp; 7.25%, 08/15/30<sup>(g)</sup> |  | 535 | &nbsp;&nbsp; 561582 |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/31<sup>(g)</sup> |  | 215 | &nbsp;&nbsp; 211587 |
| Bombardier, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/15/28<sup>(g)</sup> |  | 542 | &nbsp;&nbsp; 543370 |
| &nbsp;&nbsp;&nbsp; 8.75%, 11/15/30<sup>(g)</sup> |  | 251 | &nbsp;&nbsp; 270676 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/01/31<sup>(g)</sup> |  | 68 | &nbsp;&nbsp; 72082 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/01/32<sup>(g)</sup> |  | 254 | &nbsp;&nbsp; 265477 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/33 |  | 337 | &nbsp;&nbsp; 351679 |
| &nbsp;&nbsp;&nbsp; Efesto Bidco SpA Efesto U.S. LLC, Series XR, 7.50%, <br> 02/15/32<sup>(b)(g)</sup><br>|  | 952 | &nbsp;&nbsp; 968755 |
| Goat Holdco LLC, 6.75%, 02/01/32<sup>(b)</sup> |  | 339 | &nbsp;&nbsp; 347475 |
| Northrop Grumman Corp., 3.85%, 04/15/45<sup>(g)</sup> |  | 600 | &nbsp;&nbsp; 487926 |
| Spirit AeroSystems, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.38%, 11/30/29 |  | 524 | &nbsp;&nbsp; 551887 |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/30 |  | 456 | &nbsp;&nbsp; 501506 |
| TransDigm, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/28<sup>(g)</sup> |  | 1152 | &nbsp;&nbsp; 1173956 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| TransDigm, Inc.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/29<sup>(g)</sup> | USD | 1604 | &nbsp;&nbsp; $1639931 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/01/32<sup>(g)</sup> |  | 1386 | &nbsp;&nbsp; 1426949 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/33<sup>(g)</sup> |  | 944 | &nbsp;&nbsp; 954462 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/31/33<sup>(g)</sup> |  | 1321 | &nbsp;&nbsp; 1335852 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/31/34 |  | 192 | &nbsp;&nbsp; 197456 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/31/34<sup>(g)</sup> |  | 1355 | &nbsp;&nbsp; 1401015 |
|  |  |  | &nbsp;&nbsp; 13802082 |
| **Air Freight & Logistics**<sup>(b)</sup> **— 0.1%** | **Air Freight & Logistics**<sup>(b)</sup> **— 0.1%** | **Air Freight & Logistics**<sup>(b)</sup> **— 0.1%** | **Air Freight & Logistics**<sup>(b)</sup> **— 0.1%** |
| Rand Parent LLC, 8.50%, 02/15/30 |  | 234 | &nbsp;&nbsp; 243141 |
| Stonepeak Nile Parent LLC, 7.25%, 03/15/32 |  | 114 | &nbsp;&nbsp; 120046 |
|  |  |  | &nbsp;&nbsp; 363187 |
| **Automobile Components — 0.9%** | **Automobile Components — 0.9%** | **Automobile Components — 0.9%** | **Automobile Components — 0.9%** |
| American Axle & Manufacturing, Inc.<sup>(b)(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10/15/32 |  | 151 | &nbsp;&nbsp; 150745 |
| &nbsp;&nbsp;&nbsp; 10/15/33 |  | 158 | &nbsp;&nbsp; 159232 |
| Aptiv Swiss Holdings Ltd., 4.40%, 10/01/46<sup>(g)</sup> |  | 240 | &nbsp;&nbsp; 191793 |
| Clarios Global LP/Clarios U.S. Finance Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(g)</sup> |  | 839 | &nbsp;&nbsp; 857531 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/30 |  | 359 | &nbsp;&nbsp; 370851 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/31 | EUR | 295 | &nbsp;&nbsp; 352871 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/32<sup>(g)</sup> | USD | 684 | &nbsp;&nbsp; 699157 |
| Dana, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/01/30 |  | 87 | &nbsp;&nbsp; 86160 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/32 |  | 134 | &nbsp;&nbsp; 131944 |
| &nbsp;&nbsp;&nbsp; Garrett Motion Holdings, Inc./Garrett LX I SARL, 7.75%, <br> 05/31/32<sup>(b)(g)</sup><br>|  | 112 | &nbsp;&nbsp; 117488 |
| Goodyear Tire & Rubber Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30 |  | 165 | &nbsp;&nbsp; 167419 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/30/31 |  | 13 | &nbsp;&nbsp; 12285 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/30/33 |  | 109 | &nbsp;&nbsp; 101415 |
| &nbsp;&nbsp;&nbsp; IHO Verwaltungs GmbH, (7.00% PIK), 7.00%, <br> 11/15/31<sup>(d)(i)</sup><br>| EUR | 100 | &nbsp;&nbsp; 127085 |
| Mahle GmbH, 6.50%, 05/02/31<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 121532 |
| Qnity Electronics, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/32 | USD | 277 | &nbsp;&nbsp; 279113 |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/15/33 |  | 214 | &nbsp;&nbsp; 218534 |
| Schaeffler AG<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/28 | EUR | 100 | &nbsp;&nbsp; 119329 |
| &nbsp;&nbsp;&nbsp; 4.75%, 08/14/29 |  | 100 | &nbsp;&nbsp; 120557 |
| Tenneco, Inc., 8.00%, 11/17/28<sup>(b)</sup> | USD | 453 | &nbsp;&nbsp; 453827 |
| ZF Europe Finance BV, 7.00%, 06/12/30<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 121870 |
|  |  |  | &nbsp;&nbsp; 4960738 |
| **Automobiles — 1.3%** | **Automobiles — 1.3%** | **Automobiles — 1.3%** | **Automobiles — 1.3%** |
| Asbury Automotive Group, Inc., 4.50%, 03/01/28 | USD | 146 | &nbsp;&nbsp; 144215 |
| Aston Martin Capital Holdings Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 10.00%, 03/31/29<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 195811 |
| &nbsp;&nbsp;&nbsp; 10.38%, 03/31/29<sup>(d)</sup> | GBP | 100 | &nbsp;&nbsp; 130770 |
| Carvana Co.<sup>(b)(g)(i)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (9.00% PIK), 9.00%, 06/01/30 | USD | 693 | &nbsp;&nbsp; 724655 |
| &nbsp;&nbsp;&nbsp; (9.00% PIK), 9.00%, 06/01/31 |  | 1557 | &nbsp;&nbsp; 1763553 |
| Cougar JV Subsidiary LLC, 8.00%, 05/15/32<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 212640 |
| General Motors Financial Co., Inc., 6.00%, 01/09/28<sup>(g)</sup> |  | 1000 | &nbsp;&nbsp; 1035756 |
| &nbsp;&nbsp;&nbsp; Global Auto Holdings Ltd./AAG FH U.K. Ltd., 11.50%, <br> 08/15/29<sup>(b)</sup><br>|  | 200 | &nbsp;&nbsp; 211000 |
| LCM Investments Holdings II LLC<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/29 |  | 285 | &nbsp;&nbsp; 279229 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/31 |  | 290 | &nbsp;&nbsp; 306705 |
| Lithia Motors, Inc., 5.50%, 10/01/30<sup>(b)</sup> |  | 174 | &nbsp;&nbsp; 173782 |
| Nissan Motor Acceptance Co. LLC, 6.13%, 09/30/30<sup>(b)</sup> |  | 446 | &nbsp;&nbsp; 446152 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Automobiles (continued)** | **Automobiles (continued)** | **Automobiles (continued)** | **Automobiles (continued)** |
| Nissan Motor Co. Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/17/29<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; $119651 |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/17/32<sup>(b)</sup> | USD | 204 | &nbsp;&nbsp; 215886 |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/17/33<sup>(b)</sup> | EUR | 145 | &nbsp;&nbsp; 175268 |
| &nbsp;&nbsp;&nbsp; 8.13%, 07/17/35<sup>(b)(g)</sup> | USD | 607 | &nbsp;&nbsp; 651611 |
| &nbsp;&nbsp;&nbsp; RCI Banque SA, (5-year EURIBOR ICE Swap + 2.20%), <br> 4.75%, 03/24/37<sup>(a)(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 119454 |
| Renault SA, 3.88%, 09/30/30<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 117227 |
| &nbsp;&nbsp;&nbsp; Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC, <br> 10.00%, 01/15/31<sup>(b)</sup><br>| USD | 232 | &nbsp;&nbsp; 215968 |
| Wabash National Corp., 4.50%, 10/15/28<sup>(b)(g)</sup> |  | 146 | &nbsp;&nbsp; 135461 |
|  |  |  | &nbsp;&nbsp; 7374794 |
| **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** |
| &nbsp;&nbsp;&nbsp; Abanca Corp. Bancaria SA, (5-year EURIBOR ICE Swap <br> + 2.45%), 4.63%, 12/11/36<sup>(a)(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 120900 |
| Banco Espirito Santo SA<sup>(e)(j)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/22<sup>(a)</sup> |  | 100 | &nbsp;&nbsp; 25829 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/21/22 |  | 100 | &nbsp;&nbsp; 25829 |
| Intesa Sanpaolo SpA, 5.71%, 01/15/26<sup>(b)(g)</sup> | USD | 200 | &nbsp;&nbsp; 200435 |
| &nbsp;&nbsp;&nbsp; National Bank of Greece SA, (5-year EURIBOR ICE <br> Swap + 3.15%), 5.88%, 06/28/35<sup>(a)(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 126302 |
| Walker & Dunlop, Inc., 6.63%, 04/01/33<sup>(b)</sup> | USD | 143 | &nbsp;&nbsp; 146239 |
|  |  |  | &nbsp;&nbsp; 645534 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC/Anheuser-Busch InBev <br> Worldwide, Inc., 4.90%, 02/01/46<sup>(g)</sup><br>|  | 741 | &nbsp;&nbsp; 694191 |
| **Building Materials — 1.6%** | **Building Materials — 1.6%** | **Building Materials — 1.6%** | **Building Materials — 1.6%** |
| AmeriTex HoldCo Intermediate LLC, 7.63%, 08/15/33<sup>(b)</sup> |  | 222 | &nbsp;&nbsp; 231055 |
| Builders FirstSource, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/34 |  | 146 | &nbsp;&nbsp; 150395 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/35 |  | 172 | &nbsp;&nbsp; 179591 |
| CP Atlas Buyer, Inc., 9.75%, 07/15/30<sup>(b)</sup> |  | 68 | &nbsp;&nbsp; 71216 |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 12/15/30<sup>(b)</sup> | EUR | 160 | &nbsp;&nbsp; 196251 |
| &nbsp;&nbsp;&nbsp; 6.38%, 12/15/30<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 122657 |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/30<sup>(b)(g)</sup> | USD | 1931 | &nbsp;&nbsp; 1984970 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/31<sup>(b)</sup> |  | 212 | &nbsp;&nbsp; 220195 |
| Jeld-Wen, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 12/15/27 |  | 240 | &nbsp;&nbsp; 234206 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/01/32<sup>(g)</sup> |  | 219 | &nbsp;&nbsp; 184941 |
| JH North America Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/31/31 |  | 238 | &nbsp;&nbsp; 241645 |
| &nbsp;&nbsp;&nbsp; 6.13%, 07/31/32<sup>(g)</sup> |  | 225 | &nbsp;&nbsp; 230462 |
| New Enterprise Stone & Lime Co., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/28 |  | 81 | &nbsp;&nbsp; 80252 |
| &nbsp;&nbsp;&nbsp; 9.75%, 07/15/28 |  | 300 | &nbsp;&nbsp; 300666 |
| Quikrete Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/32<sup>(g)</sup> |  | 1202 | &nbsp;&nbsp; 1245084 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/33 |  | 318 | &nbsp;&nbsp; 330623 |
| Smyrna Ready Mix Concrete LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/01/28 |  | 56 | &nbsp;&nbsp; 56018 |
| &nbsp;&nbsp;&nbsp; 8.88%, 11/15/31<sup>(g)</sup> |  | 238 | &nbsp;&nbsp; 251314 |
| Standard Building Solutions, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/15/32 |  | 633 | &nbsp;&nbsp; 649471 |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/01/33 |  | 625 | &nbsp;&nbsp; 633366 |
| Standard Industries, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 |  | 2 | &nbsp;&nbsp; 1983 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/30<sup>(g)</sup> |  | 519 | &nbsp;&nbsp; 497607 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| Standard Industries, Inc.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 01/15/31<sup>(g)</sup> | USD | 353 | &nbsp;&nbsp; $319665 |
| Wilsonart LLC, 11.00%, 08/15/32<sup>(b)</sup> |  | 305 | &nbsp;&nbsp; 296902 |
|  |  |  | &nbsp;&nbsp; 8710535 |
| **Building Products**<sup>(b)</sup> **— 0.6%** | **Building Products**<sup>(b)</sup> **— 0.6%** | **Building Products**<sup>(b)</sup> **— 0.6%** | **Building Products**<sup>(b)</sup> **— 0.6%** |
| Foundation Building Materials, Inc., 6.00%, 03/01/29 |  | 16 | &nbsp;&nbsp; 16218 |
| Park River Holdings, Inc., 03/15/31<sup>(h)</sup> |  | 165 | &nbsp;&nbsp; 167091 |
| QXO Building Products, Inc., 6.75%, 04/30/32<sup>(g)</sup> |  | 893 | &nbsp;&nbsp; 924609 |
| White Cap Buyer LLC, 6.88%, 10/15/28<sup>(g)</sup> |  | 1965 | &nbsp;&nbsp; 1959163 |
|  |  |  | &nbsp;&nbsp; 3067081 |
| **Capital Markets — 1.0%** | **Capital Markets — 1.0%** | **Capital Markets — 1.0%** | **Capital Markets — 1.0%** |
| Apollo Debt Solutions BDC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/30/30<sup>(b)</sup> |  | 163 | &nbsp;&nbsp; 165860 |
| &nbsp;&nbsp;&nbsp; 6.70%, 07/29/31 |  | 195 | &nbsp;&nbsp; 206663 |
| &nbsp;&nbsp;&nbsp; 6.55%, 03/15/32<sup>(b)</sup> |  | 45 | &nbsp;&nbsp; 47222 |
| ARES Strategic Income Fund |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 02/15/30<sup>(g)</sup> |  | 125 | &nbsp;&nbsp; 126220 |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/09/30<sup>(b)</sup> |  | 220 | &nbsp;&nbsp; 223567 |
| &nbsp;&nbsp;&nbsp; 5.15%, 01/15/31<sup>(b)</sup> |  | 175 | &nbsp;&nbsp; 172916 |
| Bain Capital Specialty Finance, Inc., 5.95%, 03/15/30 |  | 70 | &nbsp;&nbsp; 70358 |
| Blackstone Private Credit Fund, 6.00%, 11/22/34<sup>(g)</sup> |  | 593 | &nbsp;&nbsp; 607260 |
| Blue Owl Capital Corp., 6.20%, 07/15/30<sup>(g)</sup> |  | 480 | &nbsp;&nbsp; 493585 |
| Blue Owl Capital Corp. II, 8.45%, 11/15/26<sup>(g)</sup> |  | 106 | &nbsp;&nbsp; 109812 |
| &nbsp;&nbsp;&nbsp; Compass Group Diversified Holdings LLC, 5.25%, <br> 04/15/29<sup>(b)</sup><br>|  | 218 | &nbsp;&nbsp; 201159 |
| Focus Financial Partners LLC, 6.75%, 09/15/31<sup>(b)(g)</sup> |  | 259 | &nbsp;&nbsp; 265247 |
| &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, Inc., 6.38%, <br> 07/01/34<sup>(g)</sup><br>|  | 201 | &nbsp;&nbsp; 204563 |
| &nbsp;&nbsp;&nbsp; HAT Holdings I LLC/HAT Holdings II LLC, 8.00%, <br> 06/15/27<sup>(b)(g)</sup><br>|  | 56 | &nbsp;&nbsp; 58301 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/27<sup>(g)</sup> |  | 611 | &nbsp;&nbsp; 600580 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/29 |  | 170 | &nbsp;&nbsp; 171573 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/29<sup>(g)</sup> |  | 124 | &nbsp;&nbsp; 107038 |
| &nbsp;&nbsp;&nbsp; 10.00%, 11/15/29<sup>(b)</sup> |  | 243 | &nbsp;&nbsp; 244073 |
| Jane Street Group/JSG Finance, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/01/32 |  | 78 | &nbsp;&nbsp; 79058 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/33 |  | 133 | &nbsp;&nbsp; 138138 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Financial Co. LLC, 0.50%, <br> 06/15/27<sup>(g)(k)</sup><br>|  | 300 | &nbsp;&nbsp; 347400 |
| Osaic Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/32 |  | 127 | &nbsp;&nbsp; 131170 |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/01/33 |  | 212 | &nbsp;&nbsp; 219716 |
| &nbsp;&nbsp;&nbsp; WOM Chile Holdco SpA, (5.00% PIK), 5.00%, <br> 04/01/32<sup>(b)(i)(k)</sup><br>|  | 289 | &nbsp;&nbsp; 257348 |
|  |  |  | &nbsp;&nbsp; 5248827 |
| **Chemicals — 2.0%** | **Chemicals — 2.0%** | **Chemicals — 2.0%** | **Chemicals — 2.0%** |
| &nbsp;&nbsp;&nbsp; Advancion Sciences, Inc., (9.25% Cash or 10.00% PIK), <br> 9.25%, 11/01/26<sup>(b)(i)</sup><br>|  | 315 | &nbsp;&nbsp; 278611 |
| Avient Corp., 6.25%, 11/01/31<sup>(b)</sup> |  | 158 | &nbsp;&nbsp; 160453 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems Dutch Holding B BV, 7.25%, <br> 02/15/31<sup>(b)(g)</sup><br>|  | 273 | &nbsp;&nbsp; 285618 |
| Axalta Coating Systems LLC, 3.38%, 02/15/29<sup>(b)(g)</sup> |  | 297 | &nbsp;&nbsp; 281379 |
| Celanese U.S. Holdings LLC, 6.75%, 04/15/33<sup>(g)</sup> |  | 181 | &nbsp;&nbsp; 180236 |
| Chemours Co. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/15/27 |  | 282 | &nbsp;&nbsp; 281767 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/28<sup>(b)</sup> |  | 477 | &nbsp;&nbsp; 465254 |
| &nbsp;&nbsp;&nbsp; 8.00%, 01/15/33<sup>(b)</sup> |  | 175 | &nbsp;&nbsp; 174066 |
| Element Solutions, Inc., 3.88%, 09/01/28<sup>(b)(g)</sup> |  | 1262 | &nbsp;&nbsp; 1223044 |
| FIS Fabbrica Italiana Sintetici SpA, 5.63%, 08/01/27<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 118293 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Herens Holdco SARL, 4.75%, 05/15/28<sup>(b)(g)</sup> | USD | 212 | &nbsp;&nbsp; $185731 |
| &nbsp;&nbsp;&nbsp; Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, <br> 07/01/28<sup>(b)</sup><br>|  | 28 | &nbsp;&nbsp; 28088 |
| Ingevity Corp., 3.88%, 11/01/28<sup>(b)</sup> |  | 84 | &nbsp;&nbsp; 80710 |
| Inversion Escrow Issuer LLC, 6.75%, 08/01/32<sup>(b)(g)</sup> |  | 590 | &nbsp;&nbsp; 581217 |
| Itelyum Regeneration SpA, 5.75%, 04/15/30<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 119447 |
| &nbsp;&nbsp;&nbsp; Kronos International, Inc., Series SEP, 9.50%, <br> 03/15/29<sup>(d)</sup><br>|  | 100 | &nbsp;&nbsp; 123724 |
| Mativ Holdings, Inc., 8.00%, 10/01/29<sup>(b)</sup> | USD | 153 | &nbsp;&nbsp; 151479 |
| Methanex U.S. Operations, Inc., 6.25%, 03/15/32<sup>(b)</sup> |  | 147 | &nbsp;&nbsp; 149568 |
| Minerals Technologies, Inc., 5.00%, 07/01/28<sup>(b)</sup> |  | 169 | &nbsp;&nbsp; 165621 |
| Olympus Water U.S. Holding Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.63%, 11/15/28<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 123137 |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/28<sup>(b)(g)</sup> | USD | 1100 | &nbsp;&nbsp; 1154450 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/29<sup>(b)(g)</sup> |  | 400 | &nbsp;&nbsp; 388398 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/31<sup>(b)(g)</sup> |  | 596 | &nbsp;&nbsp; 604210 |
| &nbsp;&nbsp;&nbsp; 02/15/33<sup>(b)(h)</sup> |  | 931 | &nbsp;&nbsp; 931970 |
| SK Invictus Intermediate II SARL, 5.00%, 10/30/29<sup>(b)</sup> |  | 362 | &nbsp;&nbsp; 354310 |
| Solstice Advanced Materials, Inc., 5.63%, 09/30/33<sup>(b)</sup> |  | 413 | &nbsp;&nbsp; 414365 |
| WR Grace Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/27<sup>(g)</sup> |  | 119 | &nbsp;&nbsp; 118262 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/29<sup>(g)</sup> |  | 1191 | &nbsp;&nbsp; 1107032 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/01/31<sup>(g)</sup> |  | 283 | &nbsp;&nbsp; 288606 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/15/32 |  | 487 | &nbsp;&nbsp; 481536 |
|  |  |  | &nbsp;&nbsp; 11000582 |
| **Commercial Services & Supplies — 3.8%** | **Commercial Services & Supplies — 3.8%** | **Commercial Services & Supplies — 3.8%** | **Commercial Services & Supplies — 3.8%** |
| ADT Security Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/32 |  | 107 | &nbsp;&nbsp; 103624 |
| &nbsp;&nbsp;&nbsp; 10/15/33<sup>(h)</sup> |  | 453 | &nbsp;&nbsp; 453000 |
| Albion Financing 1 SARL/Aggreko Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/21/30<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 121792 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/21/30<sup>(b)</sup> | USD | 476 | &nbsp;&nbsp; 492327 |
| Allied Universal Holdco LLC, 7.88%, 02/15/31<sup>(b)(g)</sup> |  | 2349 | &nbsp;&nbsp; 2462916 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance <br> Corp.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29 |  | 1156 | &nbsp;&nbsp; 1136410 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/15/30 |  | 895 | &nbsp;&nbsp; 919908 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance <br> Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28<sup>(b)(g)</sup><br>|  | 1543 | &nbsp;&nbsp; 1512712 |
| &nbsp;&nbsp;&nbsp; BCP V Modular Services Finance II PLC, 6.50%, <br> 07/10/31<sup>(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 109762 |
| Belron U.K. Finance PLC, 5.75%, 10/15/29<sup>(b)(g)</sup> | USD | 796 | &nbsp;&nbsp; 806375 |
| Boels Topholding BV, 5.75%, 05/15/30<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 121765 |
| Brink's Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/29 | USD | 157 | &nbsp;&nbsp; 161569 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/15/32 |  | 162 | &nbsp;&nbsp; 168503 |
| Deluxe Corp., 8.13%, 09/15/29<sup>(b)</sup> |  | 132 | &nbsp;&nbsp; 137836 |
| EquipmentShare.com, Inc., 8.00%, 03/15/33<sup>(b)</sup> |  | 138 | &nbsp;&nbsp; 147486 |
| FTAI Aviation Investors LLC<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/01/28 |  | 740 | &nbsp;&nbsp; 740118 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/01/30 |  | 727 | &nbsp;&nbsp; 772544 |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/01/31 |  | 946 | &nbsp;&nbsp; 989571 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/32 |  | 569 | &nbsp;&nbsp; 595471 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/33 |  | 452 | &nbsp;&nbsp; 454835 |
| Garda World Security Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/15/27<sup>(g)</sup> |  | 360 | &nbsp;&nbsp; 357269 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/28<sup>(g)</sup> |  | 532 | &nbsp;&nbsp; 545355 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29 |  | 65 | &nbsp;&nbsp; 64443 |
| &nbsp;&nbsp;&nbsp; 8.25%, 08/01/32<sup>(g)</sup> |  | 599 | &nbsp;&nbsp; 620919 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/15/32<sup>(g)</sup> |  | 966 | &nbsp;&nbsp; 1002734 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** |
| Herc Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(g)</sup> | USD | 36 | &nbsp;&nbsp; $36990 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/30 |  | 388 | &nbsp;&nbsp; 403026 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/33 |  | 197 | &nbsp;&nbsp; 205649 |
| Hertz Corp., 12.63%, 07/15/29<sup>(b)</sup> |  | 152 | &nbsp;&nbsp; 161142 |
| ION Platform Finance SARL, 09/30/30<sup>(h)</sup> | EUR | 100 | &nbsp;&nbsp; 117405 |
| Loxam SAS, 6.38%, 05/31/29<sup>(d)</sup> |  | 90 | &nbsp;&nbsp; 109444 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime Finance, <br> Inc., 6.25%, 01/15/28<sup>(b)(g)</sup><br>| USD | 127 | &nbsp;&nbsp; 126889 |
| RR Donnelley & Sons Co., 9.50%, 08/01/29<sup>(b)(g)</sup> |  | 595 | &nbsp;&nbsp; 609795 |
| Service Corp. International<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/29 |  | 238 | &nbsp;&nbsp; 237984 |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/15/30 |  | 273 | &nbsp;&nbsp; 252953 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/31 |  | 370 | &nbsp;&nbsp; 348852 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/15/32 |  | 641 | &nbsp;&nbsp; 649383 |
| Sotheby's, 7.38%, 10/15/27<sup>(b)(g)</sup> |  | 691 | &nbsp;&nbsp; 689053 |
| Sotheby's/Bidfair Holdings, Inc., 5.88%, 06/01/29<sup>(b)(g)</sup> |  | 453 | &nbsp;&nbsp; 412765 |
| Transurban Finance Co. Pty. Ltd., 4.13%, 02/02/26<sup>(b)(g)</sup> |  | 435 | &nbsp;&nbsp; 434530 |
| Verisure Holding AB, 9.25%, 10/15/27<sup>(d)</sup> | EUR | 80 | &nbsp;&nbsp; 96338 |
| Veritiv Operating Co., 10.50%, 11/30/30<sup>(b)</sup> | USD | 172 | &nbsp;&nbsp; 184595 |
| Wand NewCo 3, Inc., 7.63%, 01/30/32<sup>(b)(g)</sup> |  | 618 | &nbsp;&nbsp; 651137 |
|  |  |  | &nbsp;&nbsp; 20727174 |
| **Communications Equipment**<sup>(b)(g)</sup> **— 0.2%** | **Communications Equipment**<sup>(b)(g)</sup> **— 0.2%** | **Communications Equipment**<sup>(b)(g)</sup> **— 0.2%** | **Communications Equipment**<sup>(b)(g)</sup> **— 0.2%** |
| CommScope LLC, 4.75%, 09/01/29 |  | 780 | &nbsp;&nbsp; 774993 |
| Viavi Solutions, Inc., 3.75%, 10/01/29 |  | 116 | &nbsp;&nbsp; 109368 |
|  |  |  | &nbsp;&nbsp; 884361 |
| **Construction & Engineering — 0.5%** | **Construction & Engineering — 0.5%** | **Construction & Engineering — 0.5%** | **Construction & Engineering — 0.5%** |
| AECOM, 6.00%, 08/01/33<sup>(b)(g)</sup> |  | 697 | &nbsp;&nbsp; 712606 |
| Arcosa, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/15/29<sup>(g)</sup> |  | 286 | &nbsp;&nbsp; 278102 |
| &nbsp;&nbsp;&nbsp; 6.88%, 08/15/32 |  | 31 | &nbsp;&nbsp; 32379 |
| Brand Industrial Services, Inc., 10.38%, 08/01/30<sup>(b)(g)</sup> |  | 1494 | &nbsp;&nbsp; 1489238 |
| Dycom Industries, Inc., 4.50%, 04/15/29<sup>(b)</sup> |  | 119 | &nbsp;&nbsp; 116221 |
| Heathrow Finance PLC, 4.13%, 09/01/29<sup>(d)(l)</sup> | GBP | 100 | &nbsp;&nbsp; 125039 |
|  |  |  | &nbsp;&nbsp; 2753585 |
| **Consumer Discretionary — 0.5%** | **Consumer Discretionary — 0.5%** | **Consumer Discretionary — 0.5%** | **Consumer Discretionary — 0.5%** |
| APi Group DE, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/15/29 | USD | 132 | &nbsp;&nbsp; 127223 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/29 |  | 100 | &nbsp;&nbsp; 98031 |
| &nbsp;&nbsp;&nbsp; Arena Luxembourg Finance SARL, (3-mo. EURIBOR + <br> 2.50%), 4.52%, 05/01/30<sup>(a)(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 118133 |
| Clarivate Science Holdings Corp.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/01/28 | USD | 730 | &nbsp;&nbsp; 702518 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/01/29 |  | 883 | &nbsp;&nbsp; 834460 |
| Raven Acquisition Holdings LLC, 6.88%, 11/15/31<sup>(b)(g)</sup> |  | 303 | &nbsp;&nbsp; 311384 |
| Williams Scotsman, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29 |  | 32 | &nbsp;&nbsp; 32731 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/30 |  | 307 | &nbsp;&nbsp; 315984 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/31<sup>(g)</sup> |  | 378 | &nbsp;&nbsp; 394761 |
|  |  |  | &nbsp;&nbsp; 2935225 |
| **Consumer Finance — 1.9%** | **Consumer Finance — 1.9%** | **Consumer Finance — 1.9%** | **Consumer Finance — 1.9%** |
| Block, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 06/01/26<sup>(g)</sup> |  | 406 | &nbsp;&nbsp; 400666 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/30<sup>(b)</sup> |  | 341 | &nbsp;&nbsp; 345494 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32<sup>(g)</sup> |  | 1580 | &nbsp;&nbsp; 1635309 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/15/33<sup>(b)(g)</sup> |  | 524 | &nbsp;&nbsp; 536597 |
| Boost Newco Borrower LLC, 7.50%, 01/15/31<sup>(b)(g)</sup> |  | 800 | &nbsp;&nbsp; 848715 |
| &nbsp;&nbsp;&nbsp; Bread Financial Holdings, Inc., (5-year CMT + 4.30%), <br> 8.38%, 06/15/35<sup>(a)(b)</sup><br>|  | 41 | &nbsp;&nbsp; 42100 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp., (1-day SOFR + 2.60%), <br> 5.82%, 02/01/34<sup>(a)(g)</sup><br>| USD | 440 | &nbsp;&nbsp; $461431 |
| Equifax, Inc., 2.60%, 12/15/25 |  | 59 | &nbsp;&nbsp; 58752 |
| ION Platform Finance U.S., Inc., 09/30/32<sup>(b)(h)</sup> |  | 1130 | &nbsp;&nbsp; 1124140 |
| Navient Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 9.38%, 07/25/30 |  | 127 | &nbsp;&nbsp; 140369 |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/32 |  | 236 | &nbsp;&nbsp; 248333 |
| OneMain Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/29 |  | 204 | &nbsp;&nbsp; 209686 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/29<sup>(g)</sup> |  | 189 | &nbsp;&nbsp; 186857 |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/15/30<sup>(g)</sup> |  | 370 | &nbsp;&nbsp; 391517 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/15/30 |  | 327 | &nbsp;&nbsp; 331148 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/30 |  | 179 | &nbsp;&nbsp; 166391 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/31 |  | 82 | &nbsp;&nbsp; 85720 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/31 |  | 111 | &nbsp;&nbsp; 115105 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/32 |  | 330 | &nbsp;&nbsp; 336112 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/15/32 |  | 219 | &nbsp;&nbsp; 226235 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/15/33 |  | 429 | &nbsp;&nbsp; 429678 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC/Shift4 Payments Finance Sub, <br> Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/32<sup>(g)</sup> |  | 945 | &nbsp;&nbsp; 977027 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/33 | EUR | 270 | &nbsp;&nbsp; 330071 |
| Shift4 Payments, Inc., 0.00%, 12/15/25<sup>(k)(m)</sup> | USD | 174 | &nbsp;&nbsp; 178524 |
| WEX, Inc., 6.50%, 03/15/33<sup>(b)</sup> |  | 339 | &nbsp;&nbsp; 346215 |
| Worldline SA, 0.00%, 07/30/26<sup>(d)(k)(m)</sup> | EUR | 2 | &nbsp;&nbsp; 2687 |
|  |  |  | &nbsp;&nbsp; 10154879 |
| **Consumer Staples Distribution & Retail — 0.5%** | **Consumer Staples Distribution & Retail — 0.5%** | **Consumer Staples Distribution & Retail — 0.5%** | **Consumer Staples Distribution & Retail — 0.5%** |
| &nbsp;&nbsp;&nbsp; Albertsons Cos., Inc./Safeway, Inc./New Albertsons <br> LP/Albertsons LLC, 6.25%, 03/15/33<sup>(b)</sup><br>| USD | 183 | &nbsp;&nbsp; 187154 |
| B&M European Value Retail SA, 6.50%, 11/27/31<sup>(d)</sup> | GBP | 100 | &nbsp;&nbsp; 136252 |
| Bellis Acquisition Co. PLC, 8.13%, 05/14/30<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 128705 |
| Boots Group Finco LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/31/32 | EUR | 360 | &nbsp;&nbsp; 434811 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/31/32 | GBP | 160 | &nbsp;&nbsp; 219213 |
| &nbsp;&nbsp;&nbsp; KeHE Distributors LLC/KeHE Finance Corp./NextWave <br> Distribution, Inc., 9.00%, 02/15/29<sup>(b)</sup><br>| USD | 163 | &nbsp;&nbsp; 171501 |
| &nbsp;&nbsp;&nbsp; Lion/Polaris Lux 4 SA, (3-mo. EURIBOR + 3.63%), <br> 5.64%, 07/01/29<sup>(a)(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 118712 |
| Market Bidco Finco PLC, 6.75%, 01/31/31<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 115935 |
| Ocado Group PLC, 11.00%, 06/15/30<sup>(d)</sup> | GBP | 100 | &nbsp;&nbsp; 135122 |
| Performance Food Group, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/29 | USD | 171 | &nbsp;&nbsp; 166107 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/32 |  | 383 | &nbsp;&nbsp; 392311 |
| U.S. Foods, Inc., 7.25%, 01/15/32<sup>(b)(g)</sup> |  | 234 | &nbsp;&nbsp; 244984 |
| United Natural Foods, Inc., 6.75%, 10/15/28<sup>(b)</sup> |  | 253 | &nbsp;&nbsp; 252980 |
|  |  |  | &nbsp;&nbsp; 2703787 |
| **Containers & Packaging — 2.3%** | **Containers & Packaging — 2.3%** | **Containers & Packaging — 2.3%** | **Containers & Packaging — 2.3%** |
| &nbsp;&nbsp;&nbsp; ARD Finance SA, (6.50% Cash or 7.25% PIK), 6.50%, <br> 06/30/27<sup>(b)(i)</sup><br>|  | — <br><sup>(n)</sup><br>| &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh Metal <br> Packaging Finance PLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/27<sup>(g)</sup> |  | 400 | &nbsp;&nbsp; 399903 |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/01/28 |  | 200 | &nbsp;&nbsp; 190003 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29<sup>(g)</sup> |  | 1600 | &nbsp;&nbsp; 1480827 |
| &nbsp;&nbsp;&nbsp; Ardagh Packaging Finance PLC/Ardagh Holdings USA, <br> Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 08/15/26<sup>(d)</sup> | EUR | 200 | &nbsp;&nbsp; 228337 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/26<sup>(b)(c)</sup> | USD | 802 | &nbsp;&nbsp; 769920 |
| Ball Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/01/32 | EUR | 145 | &nbsp;&nbsp; 174122 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/15/33 | USD | 196 | &nbsp;&nbsp; 198107 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** | **Containers & Packaging (continued)** |
| Clydesdale Acquisition Holdings, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/29 | USD | 380 | &nbsp;&nbsp; $384328 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/15/30 |  | 515 | &nbsp;&nbsp; 528292 |
| &nbsp;&nbsp;&nbsp; 8.75%, 04/15/30 |  | 402 | &nbsp;&nbsp; 412952 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/32 |  | 824 | &nbsp;&nbsp; 845309 |
| Crown Americas LLC, 5.88%, 06/01/33<sup>(b)(g)</sup> |  | 545 | &nbsp;&nbsp; 550510 |
| Fedrigoni SpA, 6.13%, 06/15/31<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 116702 |
| Graham Packaging Co., Inc., 7.13%, 08/15/28<sup>(b)</sup> | USD | 60 | &nbsp;&nbsp; 60107 |
| LABL, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/28 |  | 233 | &nbsp;&nbsp; 180530 |
| &nbsp;&nbsp;&nbsp; 9.50%, 11/01/28<sup>(g)</sup> |  | 551 | &nbsp;&nbsp; 468095 |
| &nbsp;&nbsp;&nbsp; 8.63%, 10/01/31 |  | 327 | &nbsp;&nbsp; 240225 |
| Magnera Corp., 7.25%, 11/15/31<sup>(b)</sup> |  | 142 | &nbsp;&nbsp; 133619 |
| Mauser Packaging Solutions Holding Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/27<sup>(g)</sup> |  | 3720 | &nbsp;&nbsp; 3756467 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/15/27 |  | 249 | &nbsp;&nbsp; 249570 |
| OI European Group BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 05/15/28<sup>(b)</sup> | EUR | 115 | &nbsp;&nbsp; 139348 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/29<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 120846 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container, Inc., 6.63%, <br> 05/13/27<sup>(b)</sup><br>| USD | 39 | &nbsp;&nbsp; 38928 |
| Sealed Air Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/27 |  | 72 | &nbsp;&nbsp; 70660 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29 |  | 59 | &nbsp;&nbsp; 58671 |
| Silgan Holdings, Inc., 02/15/31<sup>(b)(h)</sup> | EUR | 305 | &nbsp;&nbsp; 359530 |
| Trivium Packaging Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 123418 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30<sup>(b)</sup> |  | 100 | &nbsp;&nbsp; 123418 |
| &nbsp;&nbsp;&nbsp; 12.25%, 01/15/31<sup>(b)</sup> | USD | 200 | &nbsp;&nbsp; 216468 |
|  |  |  | &nbsp;&nbsp; 12619212 |
| **Distributors**<sup>(b)</sup> **— 0.1%** | **Distributors**<sup>(b)</sup> **— 0.1%** | **Distributors**<sup>(b)</sup> **— 0.1%** | **Distributors**<sup>(b)</sup> **— 0.1%** |
| Gates Corp./DE, 6.88%, 07/01/29<sup>(g)</sup> |  | 196 | &nbsp;&nbsp; 203380 |
| Resideo Funding, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29 |  | 59 | &nbsp;&nbsp; 56357 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/32<sup>(g)</sup> |  | 276 | &nbsp;&nbsp; 282874 |
|  |  |  | &nbsp;&nbsp; 542611 |
| **Diversified REITs — 0.8%** | **Diversified REITs — 0.8%** | **Diversified REITs — 0.8%** | **Diversified REITs — 0.8%** |
| Digital Realty Trust LP, 1.88%, 11/15/29<sup>(b)(k)</sup> |  | 85 | &nbsp;&nbsp; 89250 |
| &nbsp;&nbsp;&nbsp; Global Net Lease, Inc./Global Net Lease Operating <br> Partnership LP, 3.75%, 12/15/27<sup>(b)</sup><br>|  | 108 | &nbsp;&nbsp; 104825 |
| &nbsp;&nbsp;&nbsp; Iron Mountain Information Management Services, Inc., <br> 5.00%, 07/15/32<sup>(b)</sup><br>|  | 199 | &nbsp;&nbsp; 191745 |
| Iron Mountain, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/30<sup>(b)</sup> |  | 23 | &nbsp;&nbsp; 22746 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(b)</sup> |  | 19 | &nbsp;&nbsp; 18899 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/33<sup>(b)(g)</sup> |  | 151 | &nbsp;&nbsp; 154022 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/34<sup>(b)</sup> | EUR | 205 | &nbsp;&nbsp; 241211 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/34<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 117664 |
| Millrose Properties, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/01/30<sup>(g)</sup> | USD | 543 | &nbsp;&nbsp; 552226 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/32 |  | 277 | &nbsp;&nbsp; 277724 |
| SBA Communications Corp., 3.13%, 02/01/29<sup>(g)</sup> |  | 638 | &nbsp;&nbsp; 596729 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019, Inc./CSL <br> Capital LLC, 10.50%, 02/15/28<sup>(b)(g)</sup><br>|  | 1995 | &nbsp;&nbsp; 2101134 |
|  |  |  | &nbsp;&nbsp; 4468175 |
| **Diversified Telecommunication Services — 4.3%** | **Diversified Telecommunication Services — 4.3%** | **Diversified Telecommunication Services — 4.3%** | **Diversified Telecommunication Services — 4.3%** |
| Altice Financing SA<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/28 |  | 200 | &nbsp;&nbsp; 155500 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/29<sup>(g)</sup> |  | 524 | &nbsp;&nbsp; 394310 |
| AT&T, Inc., 4.30%, 02/15/30<sup>(g)</sup> |  | 1350 | &nbsp;&nbsp; 1352939 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Diversified Telecommunication Services (continued)** | **Diversified Telecommunication Services (continued)** | **Diversified Telecommunication Services (continued)** | **Diversified Telecommunication Services (continued)** |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect U.S. Finco LLC, 9.00%, <br> 09/15/29<sup>(b)(g)</sup><br>| USD | 420 | &nbsp;&nbsp; $441590 |
| EchoStar Corp.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (6.75% PIK), 6.75%, 11/30/30<sup>(i)</sup> |  | 1903 | &nbsp;&nbsp; 1961523 |
| &nbsp;&nbsp;&nbsp; 10.75%, 11/30/29 |  | 1328 | &nbsp;&nbsp; 1460765 |
| eircom Finance DAC, 5.00%, 04/30/31<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 120255 |
| Eutelsat SA, 1.50%, 10/13/28<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 110064 |
| Fibercop SpA |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/30/30<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 119253 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/30/32<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 119332 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/30/34<sup>(b)(g)</sup> | USD | 242 | &nbsp;&nbsp; 230665 |
| &nbsp;&nbsp;&nbsp; 7.20%, 07/18/36<sup>(b)(g)</sup> |  | 200 | &nbsp;&nbsp; 201476 |
| Frontier Communications Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/15/27<sup>(b)(g)</sup> |  | 314 | &nbsp;&nbsp; 313810 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28<sup>(b)(g)</sup> |  | 753 | &nbsp;&nbsp; 751306 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/29<sup>(b)</sup> |  | 111 | &nbsp;&nbsp; 112107 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 |  | 180 | &nbsp;&nbsp; 181441 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/30<sup>(b)</sup> |  | 244 | &nbsp;&nbsp; 246870 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/15/30<sup>(b)(g)</sup> |  | 1544 | &nbsp;&nbsp; 1612932 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/31<sup>(b)(g)</sup> |  | 371 | &nbsp;&nbsp; 391131 |
| Kaixo Bondco Telecom SA, 5.13%, 09/30/29<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 118836 |
| Level 3 Financing, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/15/29 | USD | 61 | &nbsp;&nbsp; 52793 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/29<sup>(g)</sup> |  | 964 | &nbsp;&nbsp; 906726 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/01/30<sup>(g)</sup> |  | 511 | &nbsp;&nbsp; 467190 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/30 |  | 114 | &nbsp;&nbsp; 99533 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/31 |  | 54 | &nbsp;&nbsp; 46043 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/30/33<sup>(g)</sup> |  | 1962 | &nbsp;&nbsp; 1999292 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/31/34<sup>(g)</sup> |  | 1853 | &nbsp;&nbsp; 1885074 |
| Lorca Telecom Bondco SA, 5.75%, 04/30/29<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 122185 |
| Lumen Technologies, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/15/29 | USD | 200 | &nbsp;&nbsp; 196259 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/15/30 |  | 200 | &nbsp;&nbsp; 196182 |
| &nbsp;&nbsp;&nbsp; 10.00%, 10/15/32 |  | 221 | &nbsp;&nbsp; 224025 |
| Maya SAS/Paris France |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/15/28<sup>(b)(g)</sup> |  | 343 | &nbsp;&nbsp; 348498 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/30<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 119913 |
| &nbsp;&nbsp;&nbsp; 8.50%, 04/15/31<sup>(b)(g)</sup> | USD | 479 | &nbsp;&nbsp; 513724 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/32<sup>(b)(g)</sup> |  | 211 | &nbsp;&nbsp; 215179 |
| Sable International Finance Ltd., 7.13%, 10/15/32<sup>(b)</sup> |  | 493 | &nbsp;&nbsp; 499421 |
| SoftBank Group Corp.<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/08/29 | EUR | 103 | &nbsp;&nbsp; 125269 |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/06/32 |  | 200 | &nbsp;&nbsp; 223502 |
| Telecom Italia Capital SA, 7.72%, 06/04/38 | USD | 381 | &nbsp;&nbsp; 422069 |
| Verizon Communications, Inc., 3.70%, 03/22/61<sup>(g)</sup> |  | 1000 | &nbsp;&nbsp; 704394 |
| Windstream Services LLC, 10/15/33<sup>(b)(h)</sup> |  | 351 | &nbsp;&nbsp; 350905 |
| &nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance <br> Corp., 8.25%, 10/01/31<sup>(b)(g)</sup><br>|  | 1010 | &nbsp;&nbsp; 1046235 |
| Zayo Group Holdings, Inc.<sup>(b)(h)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 03/09/30 |  | 2051 | &nbsp;&nbsp; 1963976 |
| &nbsp;&nbsp;&nbsp; 09/09/30 |  | 250 | &nbsp;&nbsp; 236971 |
|  |  |  | &nbsp;&nbsp; 23361463 |
| **Electric Utilities — 1.5%** | **Electric Utilities — 1.5%** | **Electric Utilities — 1.5%** | **Electric Utilities — 1.5%** |
| Alpha Generation LLC, 6.75%, 10/15/32<sup>(b)</sup> |  | 299 | &nbsp;&nbsp; 308655 |
| Black Hills Corp., 3.15%, 01/15/27<sup>(g)</sup> |  | 305 | &nbsp;&nbsp; 300942 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable Infrastructure <br> PLC, 6.38%, 02/15/32<sup>(b)</sup><br>|  | 225 | &nbsp;&nbsp; 230609 |
| ContourGlobal Power Holdings SA, 6.75%, 02/28/30<sup>(b)</sup> |  | 400 | &nbsp;&nbsp; 415496 |
| &nbsp;&nbsp;&nbsp; Edison International, Series A, (5-year CMT + 4.70%), <br> 5.38%<sup>(a)(g)(o)</sup><br>|  | 4000 | &nbsp;&nbsp; 3883480 |
| Enel Finance International NV, 3.63%, 05/25/27<sup>(b)(g)</sup> |  | 900 | &nbsp;&nbsp; 892134 |
| Mong Duong Finance Holdings BV, 5.13%, 05/07/29<sup>(d)</sup> |  | 169 | &nbsp;&nbsp; 167494 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| &nbsp;&nbsp;&nbsp; Pattern Energy Operations LP/Pattern Energy <br> Operations, Inc., 4.50%, 08/15/28<sup>(b)</sup><br>| USD | 84 | &nbsp;&nbsp; $81869 |
| Pike Corp., 8.63%, 01/31/31<sup>(b)</sup> |  | 89 | &nbsp;&nbsp; 95474 |
| Public Power Corp. SA, 4.63%, 10/31/31<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 120916 |
| &nbsp;&nbsp;&nbsp; Star Energy Geothermal Wayang Windu Ltd., 6.75%, <br> 04/24/33<sup>(d)</sup><br>| USD | 137 | &nbsp;&nbsp; 141435 |
| &nbsp;&nbsp;&nbsp; Texas Competitive Electric Holdings Co. LLC, 1.00%, <br> 11/10/17<sup>(c)(e)(j)</sup><br>|  | 780 | &nbsp;&nbsp; — |
| Vistra Operations Co. LLC<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 10/15/31 |  | 246 | &nbsp;&nbsp; 260315 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/32 |  | 396 | &nbsp;&nbsp; 414167 |
| &nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners LP, 8.38%, <br> 01/15/31<sup>(b)(g)</sup><br>|  | 650 | &nbsp;&nbsp; 681200 |
|  |  |  | &nbsp;&nbsp; 7994186 |
| **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.3%** | **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.3%** | **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.3%** | **Electronic Equipment, Instruments & Components**<sup>(b)</sup> **— 0.3%** |
| Coherent Corp., 5.00%, 12/15/29<sup>(g)</sup> |  | 300 | &nbsp;&nbsp; 295861 |
| Imola Merger Corp., 4.75%, 05/15/29<sup>(g)</sup> |  | 330 | &nbsp;&nbsp; 320966 |
| Sensata Technologies BV, 4.00%, 04/15/29 |  | 168 | &nbsp;&nbsp; 161225 |
| Sensata Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/30<sup>(g)</sup> |  | 483 | &nbsp;&nbsp; 466170 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31 |  | 54 | &nbsp;&nbsp; 49836 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/32<sup>(g)</sup> |  | 227 | &nbsp;&nbsp; 234895 |
| WESCO Distribution, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32 |  | 149 | &nbsp;&nbsp; 154844 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/33 |  | 93 | &nbsp;&nbsp; 96406 |
| Zebra Technologies Corp., 6.50%, 06/01/32 |  | 117 | &nbsp;&nbsp; 120168 |
|  |  |  | &nbsp;&nbsp; 1900371 |
| **Energy Equipment & Services — 0.8%** | **Energy Equipment & Services — 0.8%** | **Energy Equipment & Services — 0.8%** | **Energy Equipment & Services — 0.8%** |
| Archrock Partners LP/Archrock Partners Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/01/27 |  | 91 | &nbsp;&nbsp; 91004 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/28<sup>(g)</sup> |  | 291 | &nbsp;&nbsp; 291402 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/01/32<sup>(g)</sup> |  | 501 | &nbsp;&nbsp; 513917 |
| Halliburton Co., 3.80%, 11/15/25 |  | 3 | &nbsp;&nbsp; 2997 |
| Kodiak Gas Services LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/29<sup>(g)</sup> |  | 566 | &nbsp;&nbsp; 587318 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/33 |  | 318 | &nbsp;&nbsp; 323780 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/01/35 |  | 240 | &nbsp;&nbsp; 246422 |
| Oceaneering International, Inc., 6.00%, 02/01/28 |  | 71 | &nbsp;&nbsp; 71878 |
| OEG Finance PLC, 7.25%, 09/27/29<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 122709 |
| Star Holding LLC, 8.75%, 08/01/31<sup>(b)(g)</sup> | USD | 256 | &nbsp;&nbsp; 254004 |
| Tidewater, Inc., 9.13%, 07/15/30<sup>(b)</sup> |  | 206 | &nbsp;&nbsp; 220925 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression <br> Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/29<sup>(g)</sup> |  | 339 | &nbsp;&nbsp; 349619 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/33 |  | 557 | &nbsp;&nbsp; 559131 |
| Weatherford International Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 04/30/30<sup>(g)</sup> |  | 474 | &nbsp;&nbsp; 484547 |
| &nbsp;&nbsp;&nbsp; 10/15/33<sup>(h)</sup> |  | 501 | &nbsp;&nbsp; 501348 |
|  |  |  | &nbsp;&nbsp; 4621001 |
| **Entertainment**<sup>(b)(g)</sup> **— 0.1%** | **Entertainment**<sup>(b)(g)</sup> **— 0.1%** | **Entertainment**<sup>(b)(g)</sup> **— 0.1%** | **Entertainment**<sup>(b)(g)</sup> **— 0.1%** |
| Flutter Treasury DAC, 5.88%, 06/04/31 |  | 600 | &nbsp;&nbsp; 609012 |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP/Scientific Games <br> U.S. FinCo, Inc., 6.63%, 03/01/30<br>|  | 190 | &nbsp;&nbsp; 176645 |
|  |  |  | &nbsp;&nbsp; 785657 |
| **Environmental, Maintenance & Security Service — 0.8%** | **Environmental, Maintenance & Security Service — 0.8%** | **Environmental, Maintenance & Security Service — 0.8%** | **Environmental, Maintenance & Security Service — 0.8%** |
| GFL Environmental, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/28<sup>(g)</sup> |  | 121 | &nbsp;&nbsp; 118130 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29 |  | 378 | &nbsp;&nbsp; 372828 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/29<sup>(g)</sup> |  | 405 | &nbsp;&nbsp; 395122 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Environmental, Maintenance & Security Service (continued)** | **Environmental, Maintenance & Security Service (continued)** | **Environmental, Maintenance & Security Service (continued)** | **Environmental, Maintenance & Security Service (continued)** |
| GFL Environmental, Inc.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/31<sup>(g)</sup> | USD | 339 | &nbsp;&nbsp; $354736 |
| Luna 1.5 SARL<sup>(i)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (10.50% PIK), 10.50%, 07/01/32<sup>(b)</sup> | EUR | 200 | &nbsp;&nbsp; 243328 |
| &nbsp;&nbsp;&nbsp; (10.50% PIK), 10.50%, 07/01/32<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 121664 |
| Madison IAQ LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/30/28 | USD | 240 | &nbsp;&nbsp; 234230 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/30/29<sup>(g)</sup> |  | 554 | &nbsp;&nbsp; 547297 |
| Republic Services, Inc., 3.38%, 11/15/27<sup>(g)</sup> |  | 750 | &nbsp;&nbsp; 741200 |
| Reworld Holding Corp., 4.88%, 12/01/29<sup>(b)</sup> |  | 142 | &nbsp;&nbsp; 133546 |
| Waste Pro USA, Inc., 7.00%, 02/01/33<sup>(b)(g)</sup> |  | 987 | &nbsp;&nbsp; 1022332 |
| Wrangler Holdco Corp., 6.63%, 04/01/32<sup>(b)</sup> |  | 20 | &nbsp;&nbsp; 20854 |
|  |  |  | &nbsp;&nbsp; 4305267 |
| **Financial Services — 3.5%** | **Financial Services — 3.5%** | **Financial Services — 3.5%** | **Financial Services — 3.5%** |
| &nbsp;&nbsp;&nbsp; Ally Financial, Inc., Series B, (5-year CMT + 3.87%), <br> 4.70%<sup>(a)(g)(o)</sup><br>|  | 2000 | &nbsp;&nbsp; 1947855 |
| Azorra Finance Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/30 |  | 174 | &nbsp;&nbsp; 182483 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31 |  | 114 | &nbsp;&nbsp; 118707 |
| &nbsp;&nbsp;&nbsp; CrossCountry Intermediate HoldCo LLC, 6.50%, <br> 10/01/30<sup>(b)</sup><br>|  | 246 | &nbsp;&nbsp; 246905 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG/New York, (1-day SOFR + 3.18%), <br> 6.72%, 01/18/29<sup>(a)(g)</sup><br>|  | 1100 | &nbsp;&nbsp; 1155153 |
| Freedom Mortgage Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.25%, 02/01/29 |  | 186 | &nbsp;&nbsp; 195705 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/15/31<sup>(g)</sup> |  | 293 | &nbsp;&nbsp; 311621 |
| &nbsp;&nbsp;&nbsp; 8.38%, 04/01/32 |  | 195 | &nbsp;&nbsp; 204389 |
| Garfunkelux Holdco 3 SA, 9.00%, 09/01/28<sup>(d)</sup> | EUR | 21 | &nbsp;&nbsp; 25064 |
| GGAM Finance Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 05/15/26 | USD | 45 | &nbsp;&nbsp; 45112 |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/15/28 |  | 150 | &nbsp;&nbsp; 158768 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/29<sup>(g)</sup> |  | 205 | &nbsp;&nbsp; 212587 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/30 |  | 219 | &nbsp;&nbsp; 222011 |
| Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27<sup>(b)</sup> |  | 359 | &nbsp;&nbsp; 370172 |
| &nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, <br> 08/15/28<sup>(b)(g)</sup><br>|  | 325 | &nbsp;&nbsp; 314010 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., (1-day SOFR + 1.13%), 5.00%, <br> 07/22/30<sup>(a)(g)</sup><br>|  | 2600 | &nbsp;&nbsp; 2666933 |
| Midcap Financial Issuer Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/01/28 |  | 200 | &nbsp;&nbsp; 198630 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/15/30 |  | 400 | &nbsp;&nbsp; 377164 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, (1-day SOFR + 1.26%), 5.66%, <br> 04/18/30<sup>(a)(g)</sup><br>|  | 2600 | &nbsp;&nbsp; 2714958 |
| Nationstar Mortgage Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/27 |  | 45 | &nbsp;&nbsp; 45000 |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/01/29<sup>(g)</sup> |  | 409 | &nbsp;&nbsp; 419588 |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/30<sup>(g)</sup> |  | 219 | &nbsp;&nbsp; 220927 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/31<sup>(g)</sup> |  | 147 | &nbsp;&nbsp; 148544 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/01/32<sup>(g)</sup> |  | 655 | &nbsp;&nbsp; 683691 |
| PennyMac Financial Services, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/15/29 |  | 258 | &nbsp;&nbsp; 273815 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/30<sup>(g)</sup> |  | 148 | &nbsp;&nbsp; 154107 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/32 |  | 277 | &nbsp;&nbsp; 287027 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/34 |  | 163 | &nbsp;&nbsp; 166274 |
| Phoenix Aviation Capital Ltd., 9.25%, 07/15/30<sup>(b)</sup> |  | 431 | &nbsp;&nbsp; 458547 |
| PRA Group Europe Holding II SARL, 6.25%, 09/30/32<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 115673 |
| Rocket Cos., Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/01/30 | USD | 1202 | &nbsp;&nbsp; 1233637 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/01/33 |  | 991 | &nbsp;&nbsp; 1022825 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/15/26<sup>(g)</sup> |  | 471 | &nbsp;&nbsp; 461358 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, <br> Inc.<sup>(b)</sup> (continued)<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/31 | USD | 49 | &nbsp;&nbsp; $45758 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/33 |  | 28 | &nbsp;&nbsp; 25572 |
| &nbsp;&nbsp;&nbsp; Titanium 2l Bondco SARL, (6.25% PIK), 6.25%, <br> 01/14/31<sup>(i)</sup><br>| EUR | 100 | &nbsp;&nbsp; 30336 |
| UBS AG/Stamford CT, 5.00%, 07/09/27<sup>(g)</sup> | USD | 1200 | &nbsp;&nbsp; 1220193 |
| UWM Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/30<sup>(g)</sup> |  | 318 | &nbsp;&nbsp; 323496 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/31 |  | 176 | &nbsp;&nbsp; 175162 |
|  |  |  | &nbsp;&nbsp; 19179757 |
| **Food Products — 1.1%** | **Food Products — 1.1%** | **Food Products — 1.1%** | **Food Products — 1.1%** |
| Aramark Services, Inc., 5.00%, 02/01/28<sup>(b)</sup> |  | 194 | &nbsp;&nbsp; 193085 |
| B&G Foods, Inc., 8.00%, 09/15/28<sup>(b)</sup> |  | 89 | &nbsp;&nbsp; 86233 |
| &nbsp;&nbsp;&nbsp; Chobani Holdco II LLC, (8.75% in Cash or 9.5% in PIK), <br> 8.75%, 10/01/29<sup>(b)(g)(i)</sup><br>|  | 1363 | &nbsp;&nbsp; 1444301 |
| Chobani LLC/Chobani Finance Corp., Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/28 |  | 457 | &nbsp;&nbsp; 451896 |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/29 |  | 1411 | &nbsp;&nbsp; 1471316 |
| Darling Global Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/15/32<sup>(b)</sup> | EUR | 180 | &nbsp;&nbsp; 213364 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/15/32<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 118535 |
| Darling Ingredients, Inc., 6.00%, 06/15/30<sup>(b)(g)</sup> | USD | 249 | &nbsp;&nbsp; 251381 |
| Fiesta Purchaser, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/01/31 |  | 19 | &nbsp;&nbsp; 20051 |
| &nbsp;&nbsp;&nbsp; 9.63%, 09/15/32 |  | 91 | &nbsp;&nbsp; 98243 |
| &nbsp;&nbsp;&nbsp; Irca SpA/Gallarate, (3-mo. EURIBOR + 3.75%), 5.76%, <br> 12/15/29<sup>(a)(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 118251 |
| Lamb Weston Holdings, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/28 | USD | 257 | &nbsp;&nbsp; 256068 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/31/30 |  | 312 | &nbsp;&nbsp; 299590 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/31/32 |  | 300 | &nbsp;&nbsp; 283536 |
| Post Holdings, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/15/30<sup>(g)</sup> |  | 118 | &nbsp;&nbsp; 113754 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/31 |  | 32 | &nbsp;&nbsp; 29896 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/32 |  | 102 | &nbsp;&nbsp; 104864 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/33 |  | 334 | &nbsp;&nbsp; 337109 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/34 |  | 208 | &nbsp;&nbsp; 209731 |
| &nbsp;&nbsp;&nbsp; Simmons Foods, Inc./Simmons Prepared Foods, <br> Inc./Simmons Pet Food, Inc./Simmons Feed, 4.63%, <br> 03/01/29<sup>(b)</sup><br>|  | 129 | &nbsp;&nbsp; 123668 |
|  |  |  | &nbsp;&nbsp; 6224872 |
| **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** |
| Genesee & Wyoming, Inc., 6.25%, 04/15/32<sup>(b)(g)</sup> |  | 340 | &nbsp;&nbsp; 345488 |
| Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34<sup>(b)(g)</sup> |  | 1168 | &nbsp;&nbsp; 1207913 |
| Union Pacific Corp., 3.20%, 05/20/41<sup>(g)</sup> |  | 600 | &nbsp;&nbsp; 470434 |
| &nbsp;&nbsp;&nbsp; Watco Cos. LLC/Watco Finance Corp., 7.13%, <br> 08/01/32<sup>(b)</sup><br>|  | 216 | &nbsp;&nbsp; 223575 |
|  |  |  | &nbsp;&nbsp; 2247410 |
| **Health Care Equipment & Supplies — 0.5%** | **Health Care Equipment & Supplies — 0.5%** | **Health Care Equipment & Supplies — 0.5%** | **Health Care Equipment & Supplies — 0.5%** |
| Avantor Funding, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 11/01/25<sup>(d)</sup> | EUR | 38 | &nbsp;&nbsp; 45136 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/28<sup>(b)(g)</sup> | USD | 467 | &nbsp;&nbsp; 459368 |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/29<sup>(b)</sup> |  | 209 | &nbsp;&nbsp; 198752 |
| Bausch & Lomb Corp., 8.38%, 10/01/28<sup>(b)(g)</sup> |  | 1333 | &nbsp;&nbsp; 1389236 |
| Insulet Corp., 6.50%, 04/01/33<sup>(b)</sup> |  | 238 | &nbsp;&nbsp; 247432 |
| Neogen Food Safety Corp., 8.63%, 07/20/30<sup>(b)</sup> |  | 184 | &nbsp;&nbsp; 192412 |
|  |  |  | &nbsp;&nbsp; 2532336 |
| **Health Care Providers & Services — 2.7%** | **Health Care Providers & Services — 2.7%** | **Health Care Providers & Services — 2.7%** | **Health Care Providers & Services — 2.7%** |
| Acadia Healthcare Co., Inc., 7.38%, 03/15/33<sup>(b)(g)</sup> |  | 123 | &nbsp;&nbsp; 127697 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** |
| AHP Health Partners, Inc., 5.75%, 07/15/29<sup>(b)(g)</sup> | USD | 345 | &nbsp;&nbsp; $339530 |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, Inc., 4.00%, <br> 03/15/31<sup>(b)</sup><br>|  | 42 | &nbsp;&nbsp; 39117 |
| CHS/Community Health Systems, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29<sup>(g)</sup> |  | 521 | &nbsp;&nbsp; 505703 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/30<sup>(g)</sup> |  | 828 | &nbsp;&nbsp; 749045 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/31 |  | 411 | &nbsp;&nbsp; 355412 |
| &nbsp;&nbsp;&nbsp; 10.88%, 01/15/32<sup>(g)</sup> |  | 513 | &nbsp;&nbsp; 543317 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/34<sup>(g)</sup> |  | 880 | &nbsp;&nbsp; 901560 |
| Concentra Health Services, Inc., 6.88%, 07/15/32<sup>(b)(g)</sup> |  | 340 | &nbsp;&nbsp; 353050 |
| DaVita, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/32 |  | 186 | &nbsp;&nbsp; 192145 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/15/33 |  | 169 | &nbsp;&nbsp; 174272 |
| Elevance Health, Inc., 3.65%, 12/01/27<sup>(g)</sup> |  | 1000 | &nbsp;&nbsp; 992916 |
| Ephios Subco 3 SARL, 7.88%, 01/31/31<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 124986 |
| Fortrea Holdings, Inc., 7.50%, 07/01/30<sup>(b)</sup> | USD | 89 | &nbsp;&nbsp; 84278 |
| HAH Group Holding Co. LLC, 9.75%, 10/01/31<sup>(b)</sup> |  | 154 | &nbsp;&nbsp; 146312 |
| HCA, Inc., 5.50%, 06/15/47<sup>(g)</sup> |  | 650 | &nbsp;&nbsp; 620074 |
| HealthEquity, Inc., 4.50%, 10/01/29<sup>(b)(g)</sup> |  | 615 | &nbsp;&nbsp; 596320 |
| IQVIA, Inc., 6.25%, 06/01/32<sup>(b)(g)</sup> |  | 895 | &nbsp;&nbsp; 920186 |
| LifePoint Health, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.88%, 08/15/30<sup>(g)</sup> |  | 129 | &nbsp;&nbsp; 139699 |
| &nbsp;&nbsp;&nbsp; 11.00%, 10/15/30<sup>(g)</sup> |  | 791 | &nbsp;&nbsp; 871806 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32 |  | 228 | &nbsp;&nbsp; 242981 |
| &nbsp;&nbsp;&nbsp; 10.00%, 06/01/32<sup>(g)</sup> |  | 282 | &nbsp;&nbsp; 296088 |
| Medline Borrower LP<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/01/29 |  | 435 | &nbsp;&nbsp; 419533 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/29 |  | 1280 | &nbsp;&nbsp; 1268932 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, <br> 04/01/29<sup>(b)(g)</sup><br>|  | 685 | &nbsp;&nbsp; 702402 |
| Molina Healthcare, Inc., 6.25%, 01/15/33<sup>(b)</sup> |  | 142 | &nbsp;&nbsp; 143578 |
| Prime Healthcare Services, Inc., 9.38%, 09/01/29<sup>(b)</sup> |  | 118 | &nbsp;&nbsp; 122720 |
| Sotera Health Holdings LLC, 7.38%, 06/01/31<sup>(b)</sup> |  | 196 | &nbsp;&nbsp; 205804 |
| Star Parent, Inc., 9.00%, 10/01/30<sup>(b)(g)</sup> |  | 858 | &nbsp;&nbsp; 907072 |
| Surgery Center Holdings, Inc., 7.25%, 04/15/32<sup>(b)(g)</sup> |  | 726 | &nbsp;&nbsp; 745781 |
| Tenet Healthcare Corp.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 |  | 250 | &nbsp;&nbsp; 253189 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/31 |  | 605 | &nbsp;&nbsp; 626344 |
| U.S. Acute Care Solutions LLC, 9.75%, 05/15/29<sup>(b)(g)</sup> |  | 284 | &nbsp;&nbsp; 290811 |
|  |  |  | &nbsp;&nbsp; 15002660 |
| **Health Care REITs — 0.6%** | **Health Care REITs — 0.6%** | **Health Care REITs — 0.6%** | **Health Care REITs — 0.6%** |
| Alexandria Real Estate Equities, Inc., 4.00%, 02/01/50<sup>(g)</sup> |  | 450 | &nbsp;&nbsp; 345165 |
| Diversified Healthcare Trust, 7.25%, 10/15/30<sup>(b)</sup> |  | 133 | &nbsp;&nbsp; 135172 |
| Healthpeak OP LLC, 2.88%, 01/15/31<sup>(g)</sup> |  | 1000 | &nbsp;&nbsp; 921035 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/32<sup>(b)</sup> | EUR | 260 | &nbsp;&nbsp; 318967 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/32<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 122679 |
| &nbsp;&nbsp;&nbsp; 8.50%, 02/15/32<sup>(b)(g)</sup> | USD | 819 | &nbsp;&nbsp; 870238 |
| Ventas Realty LP, 4.13%, 01/15/26<sup>(g)</sup> |  | 650 | &nbsp;&nbsp; 648641 |
|  |  |  | &nbsp;&nbsp; 3361897 |
| **Hotel & Resort REITs — 0.7%** | **Hotel & Resort REITs — 0.7%** | **Hotel & Resort REITs — 0.7%** | **Hotel & Resort REITs — 0.7%** |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property <br> LLC/PK Finance Co-Issuer, 7.00%, 02/01/30<sup>(b)</sup><br>|  | 224 | &nbsp;&nbsp; 230920 |
| &nbsp;&nbsp;&nbsp; Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, <br> 10/15/29<sup>(b)</sup><br>|  | 123 | &nbsp;&nbsp; 124834 |
| RHP Hotel Properties LP/RHP Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/29<sup>(g)</sup> |  | 302 | &nbsp;&nbsp; 296179 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/32<sup>(g)</sup> |  | 528 | &nbsp;&nbsp; 542832 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33 |  | 272 | &nbsp;&nbsp; 280130 |
| Service Properties Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 09/30/27<sup>(b)(m)</sup> |  | 261 | &nbsp;&nbsp; 230079 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotel & Resort REITs (continued)** | **Hotel & Resort REITs (continued)** | **Hotel & Resort REITs (continued)** | **Hotel & Resort REITs (continued)** |
| Service Properties Trust (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 11/15/31<sup>(b)(g)</sup> | USD | 1418 | &nbsp;&nbsp; $1509736 |
| &nbsp;&nbsp;&nbsp; 8.88%, 06/15/32<sup>(g)</sup> |  | 496 | &nbsp;&nbsp; 498787 |
| XHR LP, 6.63%, 05/15/30<sup>(b)</sup> |  | 121 | &nbsp;&nbsp; 124324 |
|  |  |  | &nbsp;&nbsp; 3837821 |
| **Hotels, Restaurants & Leisure — 3.8%** | **Hotels, Restaurants & Leisure — 3.8%** | **Hotels, Restaurants & Leisure — 3.8%** | **Hotels, Restaurants & Leisure — 3.8%** |
| Boyne USA, Inc., 4.75%, 05/15/29<sup>(b)</sup> |  | 214 | &nbsp;&nbsp; 209954 |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands International Inc.)/New <br> Red Finance, Inc., 5.63%, 09/15/29<sup>(b)</sup><br>|  | 129 | &nbsp;&nbsp; 130551 |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands International, Inc.)/New <br> Red Finance, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/28 |  | 108 | &nbsp;&nbsp; 105413 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/28<sup>(g)</sup> |  | 134 | &nbsp;&nbsp; 131666 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/30<sup>(g)</sup> |  | 401 | &nbsp;&nbsp; 377912 |
| Caesars Entertainment, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/30 |  | 1335 | &nbsp;&nbsp; 1373191 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/32 |  | 579 | &nbsp;&nbsp; 590573 |
| Carnival Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/31 |  | 227 | &nbsp;&nbsp; 232617 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/01/32<sup>(g)</sup> |  | 180 | &nbsp;&nbsp; 183182 |
| &nbsp;&nbsp;&nbsp; 6.13%, 02/15/33<sup>(g)</sup> |  | 649 | &nbsp;&nbsp; 665248 |
| Carnival PLC, 4.13%, 07/15/31<sup>(b)</sup> | EUR | 395 | &nbsp;&nbsp; 469460 |
| Churchill Downs, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 | USD | 137 | &nbsp;&nbsp; 135174 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/01/30<sup>(g)</sup> |  | 797 | &nbsp;&nbsp; 796281 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/31 |  | 392 | &nbsp;&nbsp; 401743 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment <br> Finance Co., Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/29 |  | 436 | &nbsp;&nbsp; 414958 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/30 |  | 136 | &nbsp;&nbsp; 127627 |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp./Raptor LLC, 8.75%, <br> 11/15/29<sup>(b)</sup><br>|  | 408 | &nbsp;&nbsp; 403445 |
| Hilton Domestic Operating Co., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/32 |  | 226 | &nbsp;&nbsp; 232335 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/33<sup>(g)</sup> |  | 406 | &nbsp;&nbsp; 414443 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/33 |  | 49 | &nbsp;&nbsp; 49654 |
| Light & Wonder International, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/29 |  | 51 | &nbsp;&nbsp; 52345 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/01/31 |  | 87 | &nbsp;&nbsp; 90476 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/33 |  | 242 | &nbsp;&nbsp; 242411 |
| Lindblad Expeditions LLC, 7.00%, 09/15/30<sup>(b)</sup> |  | 321 | &nbsp;&nbsp; 327192 |
| MajorDrive Holdings IV LLC, 6.38%, 06/01/29<sup>(b)(g)</sup> |  | 267 | &nbsp;&nbsp; 218799 |
| Melco Resorts Finance Ltd., 7.63%, 04/17/32<sup>(b)(g)</sup> |  | 261 | &nbsp;&nbsp; 273398 |
| &nbsp;&nbsp;&nbsp; Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, <br> 02/15/31<sup>(b)</sup><br>|  | 400 | &nbsp;&nbsp; 344681 |
| MGM China Holdings Ltd., 5.88%, 05/15/26<sup>(d)</sup> |  | 250 | &nbsp;&nbsp; 249845 |
| MGM Resorts International, 6.13%, 09/15/29<sup>(g)</sup> |  | 329 | &nbsp;&nbsp; 334855 |
| &nbsp;&nbsp;&nbsp; Midwest Gaming Borrower LLC/Midwest Gaming <br> Finance Corp., 4.88%, 05/01/29<sup>(b)</sup><br>|  | 72 | &nbsp;&nbsp; 69991 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC, 8.25%, 04/15/30<sup>(b)</sup><br>|  | 250 | &nbsp;&nbsp; 259760 |
| NCL Corp. Ltd.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/31 |  | 438 | &nbsp;&nbsp; 437984 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/32 |  | 288 | &nbsp;&nbsp; 296188 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/33 |  | 693 | &nbsp;&nbsp; 696587 |
| Pinewood Finco PLC, 6.00%, 03/27/30<sup>(d)</sup> | GBP | 100 | &nbsp;&nbsp; 135265 |
| &nbsp;&nbsp;&nbsp; Premier Entertainment Sub LLC/Premier Entertainment <br> Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/01/29 | USD | 116 | &nbsp;&nbsp; 62640 |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/01/31 |  | 166 | &nbsp;&nbsp; 85584 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| Raising Cane's Restaurants LLC, 9.38%, 05/01/29<sup>(b)</sup> | USD | 141 | &nbsp;&nbsp; $148014 |
| &nbsp;&nbsp;&nbsp; Rivers Enterprise Borrower LLC/Rivers Enterprise <br> Finance Corp., 6.63%, 02/01/33<sup>(b)</sup><br>|  | 166 | &nbsp;&nbsp; 168213 |
| &nbsp;&nbsp;&nbsp; Rivers Enterprise Lender LLC/Rivers Enterprise Lender <br> Corp., 10/15/30<sup>(b)(h)</sup><br>|  | 140 | &nbsp;&nbsp; 141248 |
| Sabre GLBL, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 06/01/27<sup>(g)</sup> |  | 182 | &nbsp;&nbsp; 184606 |
| &nbsp;&nbsp;&nbsp; 10.75%, 11/15/29<sup>(g)</sup> |  | 532 | &nbsp;&nbsp; 514124 |
| &nbsp;&nbsp;&nbsp; 11.13%, 07/15/30 |  | 390 | &nbsp;&nbsp; 377696 |
| Starz Capital Holdings 1, Inc., 6.00%, 04/15/30<sup>(b)</sup> |  | 232 | &nbsp;&nbsp; 220015 |
| Station Casinos LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/31<sup>(g)</sup> |  | 218 | &nbsp;&nbsp; 205643 |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/32 |  | 129 | &nbsp;&nbsp; 132514 |
| TUI AG, 5.88%, 03/15/29<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 121972 |
| Vail Resorts, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/30 | USD | 189 | &nbsp;&nbsp; 190181 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/32<sup>(g)</sup> |  | 364 | &nbsp;&nbsp; 376358 |
| Viking Cruises Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/15/27<sup>(g)</sup> |  | 236 | &nbsp;&nbsp; 236091 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29 |  | 51 | &nbsp;&nbsp; 51258 |
| &nbsp;&nbsp;&nbsp; 9.13%, 07/15/31<sup>(g)</sup> |  | 549 | &nbsp;&nbsp; 589253 |
| &nbsp;&nbsp;&nbsp; 10/15/33<sup>(h)</sup> |  | 605 | &nbsp;&nbsp; 605425 |
| Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29<sup>(b)</sup> |  | 162 | &nbsp;&nbsp; 161861 |
| Voyager Parent LLC, 9.25%, 07/01/32<sup>(b)</sup> |  | 304 | &nbsp;&nbsp; 321477 |
| Warnermedia Holdings, Inc., 5.05%, 03/15/42<sup>(g)</sup> |  | 1790 | &nbsp;&nbsp; 1428993 |
| Wynn Macau Ltd.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28 |  | 1000 | &nbsp;&nbsp; 998010 |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/29 |  | 410 | &nbsp;&nbsp; 401042 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/01/29<sup>(g)</sup> |  | 640 | &nbsp;&nbsp; 640987 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/15/31<sup>(g)</sup> |  | 463 | &nbsp;&nbsp; 498348 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 |  | 190 | &nbsp;&nbsp; 192941 |
|  |  |  | &nbsp;&nbsp; 20529698 |
| **Household Durables — 0.7%** | **Household Durables — 0.7%** | **Household Durables — 0.7%** | **Household Durables — 0.7%** |
| Ashton Woods USA LLC/Ashton Woods Finance Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/29 |  | 100 | &nbsp;&nbsp; 95757 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/01/30 |  | 145 | &nbsp;&nbsp; 137269 |
| &nbsp;&nbsp;&nbsp; 6.88%, 08/01/33 |  | 138 | &nbsp;&nbsp; 139184 |
| Beazer Homes USA, Inc., 5.88%, 10/15/27 |  | 54 | &nbsp;&nbsp; 53966 |
| &nbsp;&nbsp;&nbsp; Brookfield Residential Properties, Inc./Brookfield <br> Residential U.S. LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/29 |  | 208 | &nbsp;&nbsp; 198218 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30<sup>(g)</sup> |  | 286 | &nbsp;&nbsp; 268222 |
| Century Communities, Inc., 6.63%, 09/15/33<sup>(b)</sup> |  | 173 | &nbsp;&nbsp; 174515 |
| Dream Finders Homes, Inc., 8.25%, 08/15/28<sup>(b)</sup> |  | 115 | &nbsp;&nbsp; 119307 |
| Empire Communities Corp., 9.75%, 05/01/29<sup>(b)</sup> |  | 51 | &nbsp;&nbsp; 53475 |
| K Hovnanian Enterprises, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/01/31 |  | 296 | &nbsp;&nbsp; 303528 |
| &nbsp;&nbsp;&nbsp; 8.38%, 10/01/33 |  | 323 | &nbsp;&nbsp; 331156 |
| LGI Homes, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.75%, 12/15/28 |  | 89 | &nbsp;&nbsp; 93434 |
| &nbsp;&nbsp;&nbsp; 7.00%, 11/15/32 |  | 161 | &nbsp;&nbsp; 157204 |
| Meritage Homes Corp., 1.75%, 05/15/28<sup>(g)(k)</sup> |  | 390 | &nbsp;&nbsp; 399150 |
| New Home Co., Inc., 9.25%, 10/01/29<sup>(b)</sup> |  | 224 | &nbsp;&nbsp; 235208 |
| Newell Brands, Inc., 8.50%, 06/01/28<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 211547 |
| Somnigroup International, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 |  | 204 | &nbsp;&nbsp; 195789 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/31 |  | 48 | &nbsp;&nbsp; 43962 |
| STL Holding Co. LLC, 8.75%, 02/15/29<sup>(b)</sup> |  | 120 | &nbsp;&nbsp; 125750 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Household Durables (continued)** | **Household Durables (continued)** | **Household Durables (continued)** | **Household Durables (continued)** |
| SWF Holdings I Corp., 6.50%, 10/06/29<sup>(b)</sup> | USD | 210 | &nbsp;&nbsp; $104800 |
| Whirlpool Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 |  | 91 | &nbsp;&nbsp; 91713 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33 |  | 175 | &nbsp;&nbsp; 174640 |
|  |  |  | &nbsp;&nbsp; 3707794 |
| **Household Products — 0.0%** | **Household Products — 0.0%** | **Household Products — 0.0%** | **Household Products — 0.0%** |
| Berkline Benchcraft LLC, 4.50%, 06/01/22<sup>(a)(c)(e)(j)</sup> |  | 200 | &nbsp;&nbsp; — |
| **Independent Power and Renewable Electricity Producers**<sup>(b)</sup> **— 1.2%** | **Independent Power and Renewable Electricity Producers**<sup>(b)</sup> **— 1.2%** | **Independent Power and Renewable Electricity Producers**<sup>(b)</sup> **— 1.2%** | **Independent Power and Renewable Electricity Producers**<sup>(b)</sup> **— 1.2%** |
| Calpine Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/28 |  | 7 | &nbsp;&nbsp; 6971 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/15/28<sup>(g)</sup> |  | 865 | &nbsp;&nbsp; 865441 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/01/29<sup>(g)</sup> |  | 106 | &nbsp;&nbsp; 104958 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/31 |  | 67 | &nbsp;&nbsp; 66804 |
| Clearway Energy Operating LLC<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/15/28 |  | 279 | &nbsp;&nbsp; 275634 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/32 |  | 201 | &nbsp;&nbsp; 180425 |
| Lightning Power LLC, 7.25%, 08/15/32 |  | 92 | &nbsp;&nbsp; 97402 |
| NRG Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/29 |  | 209 | &nbsp;&nbsp; 209250 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/33<sup>(g)</sup> |  | 808 | &nbsp;&nbsp; 820581 |
| &nbsp;&nbsp;&nbsp; 01/15/34<sup>(h)</sup> |  | 604 | &nbsp;&nbsp; 603384 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/34<sup>(g)</sup> |  | 395 | &nbsp;&nbsp; 404911 |
| &nbsp;&nbsp;&nbsp; 01/15/36<sup>(h)</sup> |  | 1609 | &nbsp;&nbsp; 1609231 |
| Vistra Corp., (5-year CMT + 6.93%), 8.00%<sup>(a)(o)</sup> |  | 181 | &nbsp;&nbsp; 185137 |
| XPLR Infrastructure LP<sup>(k)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 11/15/25<sup>(m)</sup> |  | 629 | &nbsp;&nbsp; 624283 |
| &nbsp;&nbsp;&nbsp; 2.50%, 06/15/26 |  | 632 | &nbsp;&nbsp; 616200 |
|  |  |  | &nbsp;&nbsp; 6670612 |
| **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** | **Industrial Conglomerates — 0.1%** |
| Amsted Industries, Inc., 6.38%, 03/15/33<sup>(b)</sup> |  | 125 | &nbsp;&nbsp; 128297 |
| Axon Enterprise, Inc., 6.25%, 03/15/33<sup>(b)</sup> |  | 105 | &nbsp;&nbsp; 108076 |
| Enpro, Inc., 6.13%, 06/01/33<sup>(b)</sup> |  | 161 | &nbsp;&nbsp; 164549 |
| Maxam Prill SARL, 6.00%, 07/15/30<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 119192 |
|  |  |  | &nbsp;&nbsp; 520114 |
| **Insurance — 4.4%** | **Insurance — 4.4%** | **Insurance — 4.4%** | **Insurance — 4.4%** |
| Acrisure LLC/Acrisure Finance, Inc., 6.75%, 07/01/32<sup>(b)</sup> | USD | 119 | &nbsp;&nbsp; 122532 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-<br> Issuer<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/15/27 |  | 627 | &nbsp;&nbsp; 616590 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/15/27 |  | 1382 | &nbsp;&nbsp; 1384977 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/28 |  | 282 | &nbsp;&nbsp; 286998 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 |  | 799 | &nbsp;&nbsp; 794833 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/31 |  | 912 | &nbsp;&nbsp; 942304 |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/32 |  | 938 | &nbsp;&nbsp; 966546 |
| AmWINS Group, Inc., 6.38%, 02/15/29<sup>(b)</sup> |  | 138 | &nbsp;&nbsp; 140806 |
| &nbsp;&nbsp;&nbsp; Amynta Agency Borrower, Inc. and Amynta Warranty <br> Borrower, Inc., 7.50%, 07/15/33<sup>(b)</sup><br>|  | 337 | &nbsp;&nbsp; 344969 |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset Investor <br> 2 LLC/APH3 Somerset Investor 2 LLC, 7.88%, <br> 11/01/29<sup>(b)</sup><br>|  | 263 | &nbsp;&nbsp; 274472 |
| Ardonagh Finco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 02/15/31<sup>(d)</sup> | EUR | 330 | &nbsp;&nbsp; 400462 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/31<sup>(b)(g)</sup> | USD | 1395 | &nbsp;&nbsp; 1459713 |
| Ardonagh Group Finance Ltd., 8.88%, 02/15/32<sup>(b)(g)</sup> |  | 1287 | &nbsp;&nbsp; 1353016 |
| &nbsp;&nbsp;&nbsp; Howden U.K. Refinance PLC/Howden U.K. Refinance <br> 2 PLC/Howden U.S. Refinance LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/31 |  | 1600 | &nbsp;&nbsp; 1647314 |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/32<sup>(g)</sup> |  | 748 | &nbsp;&nbsp; 776048 |
| HUB International Ltd.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/30 |  | 2812 | &nbsp;&nbsp; 2932649 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/31/32 |  | 4391 | &nbsp;&nbsp; 4572520 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Jones Deslauriers Insurance Management, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 03/15/30<sup>(g)</sup> | USD | 747 | &nbsp;&nbsp; $784806 |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/01/33 |  | 351 | &nbsp;&nbsp; 349160 |
| Nassau Cos., of New York, 7.88%, 07/15/30<sup>(b)</sup> |  | 96 | &nbsp;&nbsp; 98046 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(b)(g)</sup> |  | 2505 | &nbsp;&nbsp; 2605496 |
| Ryan Specialty LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/30 |  | 125 | &nbsp;&nbsp; 121111 |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/01/32 |  | 232 | &nbsp;&nbsp; 234595 |
| Unipol Assicurazioni SpA, 4.90%, 05/23/34<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 123629 |
| USI, Inc., 7.50%, 01/15/32<sup>(b)(g)</sup> | USD | 465 | &nbsp;&nbsp; 487635 |
|  |  |  | &nbsp;&nbsp; 23821227 |
| **Interactive Media & Services — 0.2%** | **Interactive Media & Services — 0.2%** | **Interactive Media & Services — 0.2%** | **Interactive Media & Services — 0.2%** |
| iliad SA<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/30 | EUR | 100 | &nbsp;&nbsp; 126057 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/09/32 |  | 100 | &nbsp;&nbsp; 118042 |
| Snap, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/01/33 | USD | 456 | &nbsp;&nbsp; 466077 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/15/34 |  | 279 | &nbsp;&nbsp; 282385 |
|  |  |  | &nbsp;&nbsp; 992561 |
| **Internet Software & Services**<sup>(b)</sup> **— 0.6%** | **Internet Software & Services**<sup>(b)</sup> **— 0.6%** | **Internet Software & Services**<sup>(b)</sup> **— 0.6%** | **Internet Software & Services**<sup>(b)</sup> **— 0.6%** |
| Acuris Finance U.S., Inc./Acuris Finance SARL |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28 |  | 403 | &nbsp;&nbsp; 391666 |
| &nbsp;&nbsp;&nbsp; 9.00%, 08/01/29 |  | 200 | &nbsp;&nbsp; 209000 |
| Cablevision Lightpath LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/15/27 |  | 200 | &nbsp;&nbsp; 194168 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/15/28<sup>(g)</sup> |  | 400 | &nbsp;&nbsp; 393470 |
| Getty Images, Inc., 11.25%, 02/21/30 |  | 230 | &nbsp;&nbsp; 219634 |
| ION Trading Technologies SARL, 9.50%, 05/30/29 |  | 200 | &nbsp;&nbsp; 211235 |
| Match Group Holdings II LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/28 |  | 157 | &nbsp;&nbsp; 154226 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/01/30 |  | 198 | &nbsp;&nbsp; 187009 |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/31<sup>(g)</sup> |  | 200 | &nbsp;&nbsp; 181265 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/33 |  | 342 | &nbsp;&nbsp; 345004 |
| Rakuten Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/15/27 |  | 214 | &nbsp;&nbsp; 231943 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/29<sup>(g)</sup> |  | 361 | &nbsp;&nbsp; 405932 |
|  |  |  | &nbsp;&nbsp; 3124552 |
| **IT Services — 0.8%** | **IT Services — 0.8%** | **IT Services — 0.8%** | **IT Services — 0.8%** |
| &nbsp;&nbsp;&nbsp; Almaviva-The Italian Innovation Co. SpA, 5.00%, <br> 10/30/30<sup>(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 119264 |
| Amentum Holdings, Inc., 7.25%, 08/01/32<sup>(b)(g)</sup> | USD | 258 | &nbsp;&nbsp; 267898 |
| Atos SE<sup>(d)(l)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 12/18/30 | EUR | 43 | &nbsp;&nbsp; 47610 |
| &nbsp;&nbsp;&nbsp; 9.36%, 12/18/29 |  | 39 | &nbsp;&nbsp; 52382 |
| CA Magnum Holdings, 5.38%, 10/31/26<sup>(b)(g)</sup> | USD | 542 | &nbsp;&nbsp; 539358 |
| CACI International, Inc., 6.38%, 06/15/33<sup>(b)</sup> |  | 340 | &nbsp;&nbsp; 350727 |
| Fair Isaac Corp.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/28 |  | 354 | &nbsp;&nbsp; 344281 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/15/33 |  | 1159 | &nbsp;&nbsp; 1173422 |
| Fortress Intermediate 3, Inc., 7.50%, 06/01/31<sup>(b)(g)</sup> |  | 598 | &nbsp;&nbsp; 626131 |
| Insight Enterprises, Inc., 6.63%, 05/15/32<sup>(b)</sup> |  | 148 | &nbsp;&nbsp; 151744 |
| McAfee Corp., 7.38%, 02/15/30<sup>(b)(g)</sup> |  | 420 | &nbsp;&nbsp; 389588 |
| Science Applications International Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/01/28<sup>(g)</sup> |  | 113 | &nbsp;&nbsp; 111856 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/33 |  | 235 | &nbsp;&nbsp; 235073 |
|  |  |  | &nbsp;&nbsp; 4409334 |
| **Machinery — 1.0%** | **Machinery — 1.0%** | **Machinery — 1.0%** | **Machinery — 1.0%** |
| ATS Corp., 4.13%, 12/15/28<sup>(b)</sup> |  | 108 | &nbsp;&nbsp; 103474 |
| Chart Industries, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/01/30<sup>(g)</sup> |  | 535 | &nbsp;&nbsp; 556793 |
| &nbsp;&nbsp;&nbsp; 9.50%, 01/01/31 |  | 79 | &nbsp;&nbsp; 84637 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Esab Corp., 6.25%, 04/15/29<sup>(b)</sup> | USD | 266 | &nbsp;&nbsp; $273263 |
| GrafTech Global Enterprises, Inc., 9.88%, 12/23/29<sup>(b)(g)</sup> |  | 145 | &nbsp;&nbsp; 123613 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd./Titan Co-Borrower <br> LLC, 9.00%, 02/15/29<sup>(b)(g)</sup><br>|  | 741 | &nbsp;&nbsp; 774487 |
| &nbsp;&nbsp;&nbsp; IMA Industria Macchine Automatiche SpA, (3-mo. <br> EURIBOR + 3.75%), 5.78%, 04/15/29<sup>(a)(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 118492 |
| Manitowoc Co., Inc., 9.25%, 10/01/31<sup>(b)</sup> | USD | 137 | &nbsp;&nbsp; 143742 |
| Terex Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/29<sup>(g)</sup> |  | 65 | &nbsp;&nbsp; 64012 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/15/32 |  | 218 | &nbsp;&nbsp; 222076 |
| TK Elevator Midco GmbH, 4.38%, 07/15/27<sup>(d)</sup> | EUR | 311 | &nbsp;&nbsp; 365539 |
| TK Elevator U.S. Newco, Inc., 5.25%, 07/15/27<sup>(b)(g)</sup> | USD | 1729 | &nbsp;&nbsp; 1722887 |
| Vertiv Group Corp., 4.13%, 11/15/28<sup>(b)(g)</sup> |  | 730 | &nbsp;&nbsp; 712830 |
|  |  |  | &nbsp;&nbsp; 5265845 |
| **Media — 3.6%** | **Media — 3.6%** | **Media — 3.6%** | **Media — 3.6%** |
| Cable One, Inc.<sup>(k)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 03/15/26<sup>(m)</sup> |  | 88 | &nbsp;&nbsp; 85712 |
| &nbsp;&nbsp;&nbsp; 1.13%, 03/15/28<sup>(g)</sup> |  | 777 | &nbsp;&nbsp; 663170 |
| CCO Holdings LLC/CCO Holdings Capital Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/01/29 |  | 57 | &nbsp;&nbsp; 56620 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/01/29<sup>(g)</sup> |  | 1469 | &nbsp;&nbsp; 1489178 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30<sup>(g)</sup> |  | 179 | &nbsp;&nbsp; 171763 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/31<sup>(g)</sup> |  | 475 | &nbsp;&nbsp; 437585 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/01/31<sup>(g)</sup> |  | 1567 | &nbsp;&nbsp; 1616807 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/32 |  | 32 | &nbsp;&nbsp; 29592 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/33 |  | 19 | &nbsp;&nbsp; 16892 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/34<sup>(g)</sup> |  | 996 | &nbsp;&nbsp; 861105 |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital, 5.38%, <br> 05/01/47<sup>(g)</sup><br>|  | 425 | &nbsp;&nbsp; 367342 |
| Cinemark USA, Inc., 7.00%, 08/01/32<sup>(b)</sup> |  | 75 | &nbsp;&nbsp; 77951 |
| CSC Holdings LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 |  | 600 | &nbsp;&nbsp; 569477 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/01/28 |  | 600 | &nbsp;&nbsp; 526011 |
| &nbsp;&nbsp;&nbsp; 11.25%, 05/15/28 |  | 600 | &nbsp;&nbsp; 555455 |
| &nbsp;&nbsp;&nbsp; 11.75%, 01/31/29<sup>(g)</sup> |  | 600 | &nbsp;&nbsp; 504566 |
| Directv Financing LLC, 8.88%, 02/01/30<sup>(b)</sup> |  | 484 | &nbsp;&nbsp; 478057 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv Financing Co-Obligor, <br> Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/15/27 |  | 366 | &nbsp;&nbsp; 365589 |
| &nbsp;&nbsp;&nbsp; 10.00%, 02/15/31 |  | 704 | &nbsp;&nbsp; 702967 |
| DISH DBS Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/26 |  | 1133 | &nbsp;&nbsp; 1113279 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/01/28 |  | 934 | &nbsp;&nbsp; 895370 |
| DISH Network Corp., 11.75%, 11/15/27<sup>(b)</sup> |  | 1301 | &nbsp;&nbsp; 1376792 |
| Gray Media, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/29<sup>(g)</sup> |  | 365 | &nbsp;&nbsp; 394657 |
| &nbsp;&nbsp;&nbsp; 9.63%, 07/15/32 |  | 420 | &nbsp;&nbsp; 429088 |
| &nbsp;&nbsp;&nbsp; 7.25%, 08/15/33<sup>(g)</sup> |  | 545 | &nbsp;&nbsp; 540069 |
| &nbsp;&nbsp;&nbsp; LCPR Senior Secured Financing DAC, 6.75%, <br> 10/15/27<sup>(b)</sup><br>|  | 560 | &nbsp;&nbsp; 335308 |
| Live Nation Entertainment, Inc., 4.75%, 10/15/27<sup>(b)(g)</sup> |  | 211 | &nbsp;&nbsp; 209604 |
| Midcontinent Communications, 8.00%, 08/15/32<sup>(b)</sup> |  | 252 | &nbsp;&nbsp; 259636 |
| Odeon Finco PLC, 12.75%, 11/01/27<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 207150 |
| Sinclair Television Group, Inc., 8.13%, 02/15/33<sup>(b)(g)</sup> |  | 655 | &nbsp;&nbsp; 672207 |
| Sirius XM Radio LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/01/26 |  | 397 | &nbsp;&nbsp; 391522 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/27<sup>(g)</sup> |  | 477 | &nbsp;&nbsp; 474710 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/28 |  | 97 | &nbsp;&nbsp; 93729 |
| Sunrise FinCo I BV, 4.88%, 07/15/31<sup>(b)(g)</sup> |  | 249 | &nbsp;&nbsp; 237210 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** | **Media (continued)** |
| Univision Communications, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/15/28<sup>(g)</sup> | USD | 640 | &nbsp;&nbsp; $663181 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/31/31<sup>(g)</sup> |  | 375 | &nbsp;&nbsp; 387241 |
| &nbsp;&nbsp;&nbsp; 9.38%, 08/01/32 |  | 398 | &nbsp;&nbsp; 424135 |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes IV DAC, 5.00%, <br> 07/15/28<sup>(b)(g)</sup><br>|  | 554 | &nbsp;&nbsp; 542671 |
| VZ Secured Financing BV, 5.25%, 01/15/33<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 117400 |
| Ziggo Bond Co. BV, 5.13%, 02/28/30<sup>(b)</sup> | USD | 225 | &nbsp;&nbsp; 203943 |
| Ziggo BV, 4.88%, 01/15/30<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 188771 |
|  |  |  | &nbsp;&nbsp; 19733512 |
| **Metals & Mining — 1.8%** | **Metals & Mining — 1.8%** | **Metals & Mining — 1.8%** | **Metals & Mining — 1.8%** |
| Advanced Drainage Systems, Inc., 6.38%, 06/15/30<sup>(b)(g)</sup> |  | 240 | &nbsp;&nbsp; 244251 |
| Arsenal AIC Parent LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 10/01/30 |  | 186 | &nbsp;&nbsp; 196936 |
| &nbsp;&nbsp;&nbsp; 11.50%, 10/01/31<sup>(g)</sup> |  | 939 | &nbsp;&nbsp; 1042879 |
| &nbsp;&nbsp;&nbsp; Big River Steel LLC/BRS Finance Corp., 6.63%, <br> 01/31/29<sup>(b)(g)</sup><br>|  | 806 | &nbsp;&nbsp; 806315 |
| Carpenter Technology Corp., 7.63%, 03/15/30 |  | 367 | &nbsp;&nbsp; 377139 |
| Cleveland-Cliffs, Inc., 6.88%, 11/01/29<sup>(b)</sup> |  | 437 | &nbsp;&nbsp; 445332 |
| Constellium SE<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/28 |  | 500 | &nbsp;&nbsp; 499249 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/15/29 |  | 735 | &nbsp;&nbsp; 699340 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/15/32 |  | 317 | &nbsp;&nbsp; 324037 |
| First Quantum Minerals Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 03/01/33 |  | 200 | &nbsp;&nbsp; 211079 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/34 |  | 200 | &nbsp;&nbsp; 206050 |
| Glencore Funding LLC, 6.14%, 04/01/55<sup>(b)(g)</sup> |  | 500 | &nbsp;&nbsp; 522702 |
| Kaiser Aluminum Corp.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/28 |  | 243 | &nbsp;&nbsp; 240279 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/31 |  | 770 | &nbsp;&nbsp; 725748 |
| New Gold, Inc., 6.88%, 04/01/32<sup>(b)</sup> |  | 305 | &nbsp;&nbsp; 319464 |
| Novelis Corp.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/30/30 |  | 630 | &nbsp;&nbsp; 607109 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/30/30 |  | 348 | &nbsp;&nbsp; 360867 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/31 |  | 860 | &nbsp;&nbsp; 784052 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/15/33 |  | 678 | &nbsp;&nbsp; 685008 |
| Novelis Sheet Ingot GmbH, 3.38%, 04/15/29<sup>(d)</sup> | EUR | 200 | &nbsp;&nbsp; 228608 |
| Samarco Mineracao SA<sup>(i)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (9.50% PIK), 9.50%, 06/30/31<sup>(d)</sup> | USD | 15 | &nbsp;&nbsp; 15378 |
| &nbsp;&nbsp;&nbsp; (9.50% PIK), 9.50%, 06/30/31<sup>(b)</sup> |  | 6 | &nbsp;&nbsp; 5492 |
| Vallourec SACA, 7.50%, 04/15/32<sup>(b)(g)</sup> |  | 517 | &nbsp;&nbsp; 550845 |
| Volcan Cia Minera SAA, 8.75%, 01/24/30<sup>(b)</sup> |  | 23 | &nbsp;&nbsp; 23858 |
|  |  |  | &nbsp;&nbsp; 10122017 |
| **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.2%** | **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.2%** | **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.2%** | **Mortgage Real Estate Investment Trusts (REITs)**<sup>(b)</sup> **— 0.2%** |
| Arbor Realty SR, Inc., 7.88%, 07/15/30 |  | 144 | &nbsp;&nbsp; 151407 |
| Blackstone Mortgage Trust, Inc., 3.75%, 01/15/27 |  | 284 | &nbsp;&nbsp; 277258 |
| Starwood Property Trust, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 04/01/29 |  | 171 | &nbsp;&nbsp; 179558 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30 |  | 90 | &nbsp;&nbsp; 91368 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/30 |  | 174 | &nbsp;&nbsp; 179976 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/30 |  | 238 | &nbsp;&nbsp; 245846 |
|  |  |  | &nbsp;&nbsp; 1125413 |
| **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** | **Multi-Utilities — 0.0%** |
| &nbsp;&nbsp;&nbsp; AmeriGas Partners LP/AmeriGas Finance Corp., 9.50%, <br> 06/01/30<sup>(b)</sup><br>|  | 123 | &nbsp;&nbsp; 128766 |
| **Oil, Gas & Consumable Fuels — 7.3%** | **Oil, Gas & Consumable Fuels — 7.3%** | **Oil, Gas & Consumable Fuels — 7.3%** | **Oil, Gas & Consumable Fuels — 7.3%** |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp., <br> 7.50%, 10/01/29<sup>(b)</sup><br>|  | 393 | &nbsp;&nbsp; 409858 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream <br> Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/29 | USD | 206 | &nbsp;&nbsp; $205245 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/32 |  | 230 | &nbsp;&nbsp; 236884 |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 11/01/27 |  | 165 | &nbsp;&nbsp; 199345 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/30/29 |  | 35 | &nbsp;&nbsp; 34928 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/33 |  | 170 | &nbsp;&nbsp; 172832 |
| Blue Racer Midstream LLC/Blue Racer Finance Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 07/15/29 |  | 224 | &nbsp;&nbsp; 232273 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/32 |  | 180 | &nbsp;&nbsp; 189300 |
| Buckeye Partners LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/01/29<sup>(b)</sup> |  | 20 | &nbsp;&nbsp; 20727 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/30<sup>(b)</sup> |  | 87 | &nbsp;&nbsp; 90362 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/15/43 |  | 145 | &nbsp;&nbsp; 135236 |
| &nbsp;&nbsp;&nbsp; 5.60%, 10/15/44 |  | 86 | &nbsp;&nbsp; 78177 |
| Caturus Energy LLC, 8.50%, 02/15/30<sup>(b)(g)</sup> |  | 623 | &nbsp;&nbsp; 648648 |
| Chord Energy Corp., 6.75%, 03/15/33<sup>(b)</sup> |  | 110 | &nbsp;&nbsp; 111451 |
| CITGO Petroleum Corp., 8.38%, 01/15/29<sup>(b)</sup> |  | 778 | &nbsp;&nbsp; 808491 |
| Civitas Resources, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 07/01/28 |  | 232 | &nbsp;&nbsp; 240479 |
| &nbsp;&nbsp;&nbsp; 8.75%, 07/01/31 |  | 179 | &nbsp;&nbsp; 183387 |
| CNX Midstream Partners LP, 4.75%, 04/15/30<sup>(b)</sup> |  | 96 | &nbsp;&nbsp; 92058 |
| CNX Resources Corp., 7.25%, 03/01/32<sup>(b)</sup> |  | 114 | &nbsp;&nbsp; 118267 |
| Comstock Resources, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/29<sup>(g)</sup> |  | 362 | &nbsp;&nbsp; 361409 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/29 |  | 137 | &nbsp;&nbsp; 136178 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/30<sup>(g)</sup> |  | 443 | &nbsp;&nbsp; 426634 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, <br> 06/15/31<sup>(b)</sup><br>|  | 1617 | &nbsp;&nbsp; 1601969 |
| Crescent Energy Finance LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/01/32<sup>(g)</sup> |  | 397 | &nbsp;&nbsp; 394258 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/33<sup>(g)</sup> |  | 391 | &nbsp;&nbsp; 380703 |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/34 |  | 381 | &nbsp;&nbsp; 386028 |
| &nbsp;&nbsp;&nbsp; Delek Logistics Partners LP/Delek Logistics Finance <br> Corp., 7.38%, 06/30/33<sup>(b)</sup><br>|  | 291 | &nbsp;&nbsp; 295917 |
| &nbsp;&nbsp;&nbsp; Diamond Foreign Asset Co./Diamond Finance LLC, <br> 8.50%, 10/01/30<sup>(b)</sup><br>|  | 125 | &nbsp;&nbsp; 132461 |
| Ecopetrol SA, 8.88%, 01/13/33 |  | 122 | &nbsp;&nbsp; 132352 |
| eG Global Finance PLC, 12.00%, 11/30/28<sup>(b)(g)</sup> |  | 298 | &nbsp;&nbsp; 327310 |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc., Series 2020-A, (5-year CMT + 5.31%), <br> 5.75%, 07/15/80<sup>(a)</sup><br>|  | 2000 | &nbsp;&nbsp; 2019226 |
| Energy Transfer LP<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 07/15/26 |  | 235 | &nbsp;&nbsp; 234507 |
| &nbsp;&nbsp;&nbsp; (5-year CMT + 4.02%), 8.00%, 05/15/54<sup>(a)</sup> |  | 469 | &nbsp;&nbsp; 501184 |
| &nbsp;&nbsp;&nbsp; Series H, (5-year CMT + 5.69%), 6.50%<sup>(a)(o)</sup> |  | 4409 | &nbsp;&nbsp; 4425446 |
| EQT Corp., 4.50%, 01/15/29 |  | 20 | &nbsp;&nbsp; 20003 |
| Excelerate Energy LP, 8.00%, 05/15/30<sup>(b)</sup> |  | 189 | &nbsp;&nbsp; 201185 |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/28 |  | 182 | &nbsp;&nbsp; 183282 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/15/32<sup>(g)</sup> |  | 336 | &nbsp;&nbsp; 350432 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/33 |  | 116 | &nbsp;&nbsp; 121330 |
| &nbsp;&nbsp;&nbsp; Global Partners LP/GLP Finance Corp., 7.13%, <br> 07/01/33<sup>(b)</sup><br>|  | 125 | &nbsp;&nbsp; 128123 |
| Gulfport Energy Operating Corp., 6.75%, 09/01/29<sup>(b)</sup> |  | 189 | &nbsp;&nbsp; 193951 |
| Harvest Midstream I LP, 7.50%, 05/15/32<sup>(b)</sup> |  | 112 | &nbsp;&nbsp; 114409 |
| Hess Corp., 4.30%, 04/01/27 |  | 50 | &nbsp;&nbsp; 50165 |
| Hess Midstream Operations LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/29<sup>(g)</sup> |  | 276 | &nbsp;&nbsp; 284648 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/30 |  | 112 | &nbsp;&nbsp; 108555 |
| Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/28 |  | 145 | &nbsp;&nbsp; 145358 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Hilcorp Energy I LP/Hilcorp Finance Co.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/29 | USD | 155 | &nbsp;&nbsp; $152690 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30 |  | 21 | &nbsp;&nbsp; 20638 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/32 |  | 16 | &nbsp;&nbsp; 15350 |
| &nbsp;&nbsp;&nbsp; 8.38%, 11/01/33<sup>(g)</sup> |  | 326 | &nbsp;&nbsp; 342391 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 |  | 379 | &nbsp;&nbsp; 364389 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/35 |  | 148 | &nbsp;&nbsp; 144638 |
| Howard Midstream Energy Partners LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 07/15/32<sup>(g)</sup> |  | 111 | &nbsp;&nbsp; 115221 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/34 |  | 305 | &nbsp;&nbsp; 310970 |
| Impulsora Pipeline LLC, 6.05%, 01/01/43<sup>(a)</sup> |  | 1240 | &nbsp;&nbsp; 1072174 |
| ITT Holdings LLC, 6.50%, 08/01/29<sup>(b)(g)</sup> |  | 502 | &nbsp;&nbsp; 493534 |
| Kinetik Holdings LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/28 |  | 58 | &nbsp;&nbsp; 59532 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/30 |  | 53 | &nbsp;&nbsp; 53308 |
| &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas <br> Finance Corp., 6.88%, 12/01/32<sup>(b)</sup><br>|  | 148 | &nbsp;&nbsp; 151880 |
| Matador Resources Co.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/28 |  | 276 | &nbsp;&nbsp; 281669 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/32 |  | 303 | &nbsp;&nbsp; 305899 |
| MPLX LP, 4.25%, 12/01/27<sup>(g)</sup> |  | 185 | &nbsp;&nbsp; 185180 |
| Murphy Oil Corp., 5.88%, 12/01/42 |  | 29 | &nbsp;&nbsp; 25357 |
| Nabors Industries, Inc., 7.38%, 05/15/27<sup>(b)</sup> |  | 118 | &nbsp;&nbsp; 119783 |
| &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC/NGL Energy Finance <br> Corp.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/29 |  | 260 | &nbsp;&nbsp; 266583 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/15/32 |  | 863 | &nbsp;&nbsp; 884269 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(b)(g)</sup> |  | 114 | &nbsp;&nbsp; 117997 |
| Northern Oil & Gas, Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 03/01/28<sup>(g)</sup> |  | 729 | &nbsp;&nbsp; 739293 |
| &nbsp;&nbsp;&nbsp; 10/15/33<sup>(h)</sup> |  | 493 | &nbsp;&nbsp; 491049 |
| Northriver Midstream Finance LP, 6.75%, 07/15/32<sup>(b)</sup> |  | 172 | &nbsp;&nbsp; 175886 |
| Parkland Corp., 6.63%, 08/15/32<sup>(b)</sup> |  | 201 | &nbsp;&nbsp; 206540 |
| &nbsp;&nbsp;&nbsp; PBF Holding Co. LLC/PBF Finance Corp., 7.88%, <br> 09/15/30<sup>(b)</sup><br>|  | 160 | &nbsp;&nbsp; 157971 |
| Permian Resources Operating LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/15/27 |  | 272 | &nbsp;&nbsp; 276225 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/01/29<sup>(g)</sup> |  | 411 | &nbsp;&nbsp; 412840 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/32<sup>(g)</sup> |  | 221 | &nbsp;&nbsp; 229207 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/01/33 |  | 280 | &nbsp;&nbsp; 285223 |
| Petrobras Global Finance BV, 6.75%, 01/27/41 |  | 27 | &nbsp;&nbsp; 27255 |
| Petroleos Mexicanos |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/13/27 |  | 85 | &nbsp;&nbsp; 85999 |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/02/29 |  | 130 | &nbsp;&nbsp; 140067 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/28/31<sup>(g)</sup> |  | 158 | &nbsp;&nbsp; 153181 |
| Prairie Acquiror LP, 9.00%, 08/01/29<sup>(b)</sup> |  | 192 | &nbsp;&nbsp; 199892 |
| Rockies Express Pipeline LLC, 4.95%, 07/15/29<sup>(b)</sup> |  | 51 | &nbsp;&nbsp; 50586 |
| Sunoco LP<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 03/15/31 |  | 124 | &nbsp;&nbsp; 123085 |
| &nbsp;&nbsp;&nbsp; 6.25%, 07/01/33 |  | 254 | &nbsp;&nbsp; 258532 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/34 |  | 125 | &nbsp;&nbsp; 123918 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy Finance <br> Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28 |  | 148 | &nbsp;&nbsp; 147247 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/29<sup>(g)</sup> |  | 501 | &nbsp;&nbsp; 515951 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/31/30 |  | 3 | &nbsp;&nbsp; 2963 |
| &nbsp;&nbsp;&nbsp; 6.00%, 09/01/31 |  | 100 | &nbsp;&nbsp; 97842 |
| TGNR Intermediate Holdings LLC, 5.50%, 10/15/29<sup>(b)(g)</sup> |  | 347 | &nbsp;&nbsp; 339555 |
| &nbsp;&nbsp;&nbsp; Transcontinental Gas Pipe Line Co. LLC, 4.00%, <br> 03/15/28<sup>(g)</sup><br>|  | 280 | &nbsp;&nbsp; 279199 |
| TransMontaigne Partners LLC, 8.50%, 06/15/30<sup>(b)</sup> |  | 56 | &nbsp;&nbsp; 58353 |
| Transocean International Ltd.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/01/27<sup>(g)</sup> |  | 432 | &nbsp;&nbsp; 431399 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Transocean International Ltd.<sup>(b)</sup> (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/15/29<sup>(g)</sup> | USD | 138 | &nbsp;&nbsp; $136050 |
| &nbsp;&nbsp;&nbsp; 8.75%, 02/15/30<sup>(g)</sup> |  | 37 | &nbsp;&nbsp; 38667 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/31<sup>(g)</sup> |  | 248 | &nbsp;&nbsp; 243048 |
| &nbsp;&nbsp;&nbsp; 10/15/32<sup>(h)</sup> |  | 195 | &nbsp;&nbsp; 195000 |
| Transocean Titan Financing Ltd., 8.38%, 02/01/28<sup>(b)</sup> |  | 59 | &nbsp;&nbsp; 60549 |
| Valaris Ltd., 8.38%, 04/30/30<sup>(b)(g)</sup> |  | 515 | &nbsp;&nbsp; 534490 |
| Venture Global LNG, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/01/29 |  | 1893 | &nbsp;&nbsp; 2086133 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/30 |  | 584 | &nbsp;&nbsp; 604303 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/01/31 |  | 1270 | &nbsp;&nbsp; 1333462 |
| &nbsp;&nbsp;&nbsp; 9.88%, 02/01/32 |  | 1288 | &nbsp;&nbsp; 1402275 |
| Venture Global Plaquemines LNG LLC<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/01/33 |  | 372 | &nbsp;&nbsp; 411064 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/34 |  | 889 | &nbsp;&nbsp; 935812 |
| &nbsp;&nbsp;&nbsp; 7.75%, 05/01/35 |  | 339 | &nbsp;&nbsp; 382632 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/36 |  | 927 | &nbsp;&nbsp; 984638 |
| Vista Energy Argentina SAU, 8.50%, 06/10/33<sup>(b)</sup> |  | 16 | &nbsp;&nbsp; 16304 |
| Vital Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/31/29<sup>(b)</sup> |  | 115 | &nbsp;&nbsp; 113886 |
| &nbsp;&nbsp;&nbsp; 9.75%, 10/15/30<sup>(g)</sup> |  | 251 | &nbsp;&nbsp; 262059 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/32<sup>(b)(g)</sup> |  | 552 | &nbsp;&nbsp; 535847 |
| Wildfire Intermediate Holdings LLC, 7.50%, 10/15/29<sup>(b)</sup> |  | 252 | &nbsp;&nbsp; 254614 |
|  |  |  | &nbsp;&nbsp; 39888514 |
| **Passenger Airlines**<sup>(b)</sup> **— 0.2%** | **Passenger Airlines**<sup>(b)</sup> **— 0.2%** | **Passenger Airlines**<sup>(b)</sup> **— 0.2%** | **Passenger Airlines**<sup>(b)</sup> **— 0.2%** |
| American Airlines, Inc., 8.50%, 05/15/29<sup>(g)</sup> |  | 306 | &nbsp;&nbsp; 319205 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage Loyalty IP Ltd., <br> 5.75%, 04/20/29<br>|  | 48 | &nbsp;&nbsp; 47682 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp./JetBlue Loyalty LP, 9.88%, <br> 09/20/31<br>|  | 275 | &nbsp;&nbsp; 278925 |
| OneSky Flight LLC, 8.88%, 12/15/29 |  | 250 | &nbsp;&nbsp; 262888 |
| United Airlines, Inc., 4.63%, 04/15/29<sup>(g)</sup> |  | 241 | &nbsp;&nbsp; 237310 |
|  |  |  | &nbsp;&nbsp; 1146010 |
| **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** | **Personal Care Products — 0.1%** |
| Opal Bidco SAS |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/31/32<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 121513 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/32<sup>(b)</sup> | USD | 317 | &nbsp;&nbsp; 324844 |
| Perrigo Finance Unlimited Co., 6.13%, 09/30/32 |  | 220 | &nbsp;&nbsp; 221475 |
|  |  |  | &nbsp;&nbsp; 667832 |
| **Pharmaceuticals — 1.6%** | **Pharmaceuticals — 1.6%** | **Pharmaceuticals — 1.6%** | **Pharmaceuticals — 1.6%** |
| 1261229 B.C. Ltd., 10.00%, 04/15/32<sup>(b)(g)</sup> |  | 3200 | &nbsp;&nbsp; 3280167 |
| AbbVie, Inc., 4.25%, 11/14/28<sup>(g)</sup> |  | 1000 | &nbsp;&nbsp; 1007933 |
| Amneal Pharmaceuticals LLC, 6.88%, 08/01/32<sup>(b)</sup> |  | 175 | &nbsp;&nbsp; 180987 |
| Bausch Health Cos., Inc.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/28 |  | 54 | &nbsp;&nbsp; 48330 |
| &nbsp;&nbsp;&nbsp; 11.00%, 09/30/28<sup>(g)</sup> |  | 1577 | &nbsp;&nbsp; 1640110 |
| CVS Health Corp., 3.75%, 04/01/30<sup>(g)</sup> |  | 1000 | &nbsp;&nbsp; 968709 |
| Dolcetto Holdco SpA, 5.63%, 07/14/32<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 120369 |
| Grifols SA<sup>(d)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/15/27 |  | 163 | &nbsp;&nbsp; 188164 |
| &nbsp;&nbsp;&nbsp; 7.13%, 05/01/30 |  | 100 | &nbsp;&nbsp; 123672 |
| Gruenenthal GmbH, 4.63%, 11/15/31<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 119871 |
| Nidda Healthcare Holding GmbH, 7.00%, 02/21/30<sup>(d)</sup> |  | 100 | &nbsp;&nbsp; 122390 |
| Option Care Health, Inc., 4.38%, 10/31/29<sup>(b)(g)</sup> | USD | 245 | &nbsp;&nbsp; 236282 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, <br> 4.13%, 04/30/28<sup>(b)(g)</sup><br>|  | 400 | &nbsp;&nbsp; 386457 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| &nbsp;&nbsp;&nbsp; Rossini SARL, (3-mo. EURIBOR + 3.88%), 5.88%, <br> 12/31/29<sup>(a)(d)</sup><br>| EUR | 42 | &nbsp;&nbsp; $50456 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, 3.15%, <br> 10/01/26<sup>(g)</sup><br>| USD | 302 | &nbsp;&nbsp; 295960 |
|  |  |  | &nbsp;&nbsp; 8769857 |
| **Real Estate Management & Development — 0.3%** | **Real Estate Management & Development — 0.3%** | **Real Estate Management & Development — 0.3%** | **Real Estate Management & Development — 0.3%** |
| &nbsp;&nbsp;&nbsp; Adler Financing SARL, Series 1L, (8.25% PIK), 8.25%, <br> 12/31/28<sup>(i)</sup><br>| EUR | 58 | &nbsp;&nbsp; 72966 |
| &nbsp;&nbsp;&nbsp; Alexandrite Lake Lux Holdings SARL, 6.75%, <br> 07/30/30<sup>(d)</sup><br>|  | 100 | &nbsp;&nbsp; 120108 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Anywhere Co-Issuer <br> Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/30<sup>(b)</sup> | USD | 206 | &nbsp;&nbsp; 208028 |
| &nbsp;&nbsp;&nbsp; Series AI, 7.00%, 04/15/30<sup>(g)</sup> |  | 271 | &nbsp;&nbsp; 274455 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Realogy Co-Issuer <br> Corp., 9.75%, 04/15/30<sup>(b)</sup><br>|  | 133 | &nbsp;&nbsp; 145147 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 8.88%, <br> 09/01/31<sup>(b)</sup><br>|  | 181 | &nbsp;&nbsp; 193185 |
| Fantasia Holdings Group Co. Ltd.<sup>(d)(e)(j)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 11.75%, 04/17/22 |  | 400 | &nbsp;&nbsp; 4500 |
| &nbsp;&nbsp;&nbsp; 11.88%, 06/01/23 |  | 200 | &nbsp;&nbsp; 3000 |
| &nbsp;&nbsp;&nbsp; 9.25%, 07/28/23 |  | 200 | &nbsp;&nbsp; 3000 |
| &nbsp;&nbsp;&nbsp; 9.88%, 10/19/23 |  | 200 | &nbsp;&nbsp; 4125 |
| Five Point Operating Co. LP, 8.00%, 10/01/30<sup>(b)</sup> |  | 84 | &nbsp;&nbsp; 85241 |
| Howard Hughes Corp.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/01/29 |  | 149 | &nbsp;&nbsp; 142933 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/31 |  | 100 | &nbsp;&nbsp; 93757 |
| New Immo Holding SA, 3.25%, 07/23/27<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 115686 |
| &nbsp;&nbsp;&nbsp; Vivion Investments SARL, (6.50% PIK), 6.50%, <br> 08/31/28<sup>(d)(i)</sup><br>|  | 102 | &nbsp;&nbsp; 118887 |
|  |  |  | &nbsp;&nbsp; 1585018 |
| **Retail REITs — 0.1%** | **Retail REITs — 0.1%** | **Retail REITs — 0.1%** | **Retail REITs — 0.1%** |
| &nbsp;&nbsp;&nbsp; Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR <br> Nimbus LLC/GGSI Sellco LLC, 4.50%, 04/01/27<sup>(b)(g)</sup><br>| USD | 327 | &nbsp;&nbsp; 321164 |
| **Semiconductors & Semiconductor Equipment — 1.0%** | **Semiconductors & Semiconductor Equipment — 1.0%** | **Semiconductors & Semiconductor Equipment — 1.0%** | **Semiconductors & Semiconductor Equipment — 1.0%** |
| Amkor Technology, Inc., 5.88%, 10/01/33<sup>(b)</sup> |  | 76 | &nbsp;&nbsp; 76774 |
| Broadcom, Inc.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.11%, 09/15/28 |  | 1594 | &nbsp;&nbsp; 1598935 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/41<sup>(b)</sup> |  | 700 | &nbsp;&nbsp; 576049 |
| Kioxia Holdings Corp., 6.63%, 07/24/33 |  | 272 | &nbsp;&nbsp; 279624 |
| MKS, Inc., 1.25%, 06/01/30<sup>(k)</sup> |  | 569 | &nbsp;&nbsp; 623055 |
| ON Semiconductor Corp., 0.50%, 03/01/29<sup>(k)</sup> |  | 258 | &nbsp;&nbsp; 238049 |
| QUALCOMM, Inc.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 05/20/32 |  | 1779 | &nbsp;&nbsp; 1505009 |
| &nbsp;&nbsp;&nbsp; 4.30%, 05/20/47 |  | 600 | &nbsp;&nbsp; 514021 |
|  |  |  | &nbsp;&nbsp; 5411516 |
| **Software — 3.7%** | **Software — 3.7%** | **Software — 3.7%** | **Software — 3.7%** |
| AthenaHealth Group, Inc., 6.50%, 02/15/30<sup>(b)(g)</sup> |  | 3110 | &nbsp;&nbsp; 3084554 |
| Camelot Finance SA, 4.50%, 11/01/26<sup>(b)(g)</sup> |  | 141 | &nbsp;&nbsp; 140517 |
| Capstone Borrower, Inc., 8.00%, 06/15/30<sup>(b)(g)</sup> |  | 764 | &nbsp;&nbsp; 798984 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC/CDK Global II LLC/CDK Financing <br> Co., Inc., 8.00%, 06/15/29<sup>(b)(g)</sup><br>|  | 220 | &nbsp;&nbsp; 193876 |
| &nbsp;&nbsp;&nbsp; Central Parent, Inc./CDK Global, Inc., 7.25%, <br> 06/15/29<sup>(b)(g)</sup><br>|  | 296 | &nbsp;&nbsp; 254872 |
| Cloud Software Group, Inc.<sup>(b)(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/29 |  | 2110 | &nbsp;&nbsp; 2129033 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/30/29 |  | 3340 | &nbsp;&nbsp; 3464269 |
| &nbsp;&nbsp;&nbsp; 8.25%, 06/30/32 |  | 1932 | &nbsp;&nbsp; 2049376 |
| CoreLogic, Inc., 4.50%, 05/01/28<sup>(b)(g)</sup> |  | 1313 | &nbsp;&nbsp; 1273088 |
| CoreWeave, Inc., 9.25%, 06/01/30<sup>(b)</sup> |  | 286 | &nbsp;&nbsp; 295379 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Elastic NV, 4.13%, 07/15/29<sup>(b)(g)</sup> | USD | 226 | &nbsp;&nbsp; $216938 |
| Electronic Arts, Inc., 2.95%, 02/15/51 |  | 156 | &nbsp;&nbsp; 135289 |
| Ellucian Holdings, Inc., 6.50%, 12/01/29<sup>(b)(g)</sup> |  | 413 | &nbsp;&nbsp; 419574 |
| &nbsp;&nbsp;&nbsp; Helios Software Holdings, Inc./ION Corporate Solutions <br> Finance SARL<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/01/28<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 193431 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/01/29<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 122851 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/01/29<sup>(b)</sup> | USD | 217 | &nbsp;&nbsp; 224911 |
| Oracle Corp.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 04/01/50 |  | 785 | &nbsp;&nbsp; 552608 |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/03/65 |  | 500 | &nbsp;&nbsp; 501934 |
| SS&C Technologies, Inc., 6.50%, 06/01/32<sup>(b)(g)</sup> |  | 446 | &nbsp;&nbsp; 461091 |
| &nbsp;&nbsp;&nbsp; TeamSystem SpA, (3-mo. EURIBOR + 3.25%), 5.19%, <br> 07/01/32<sup>(a)(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 117535 |
| Twilio, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/15/29 | USD | 112 | &nbsp;&nbsp; 106726 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/15/31<sup>(g)</sup> |  | 251 | &nbsp;&nbsp; 236008 |
| UKG, Inc., 6.88%, 02/01/31<sup>(b)(g)</sup> |  | 2662 | &nbsp;&nbsp; 2746745 |
| &nbsp;&nbsp;&nbsp; ZoomInfo Technologies LLC/ZoomInfo Finance Corp., <br> 3.88%, 02/01/29<sup>(b)</sup><br>|  | 388 | &nbsp;&nbsp; 367753 |
|  |  |  | &nbsp;&nbsp; 20087342 |
| **Specialty Retail — 0.1%** | **Specialty Retail — 0.1%** | **Specialty Retail — 0.1%** | **Specialty Retail — 0.1%** |
| Advance Auto Parts, Inc., 7.00%, 08/01/30<sup>(b)</sup> |  | 168 | &nbsp;&nbsp; 172847 |
| Afflelou SAS, 6.00%, 07/25/29<sup>(d)</sup> | EUR | 100 | &nbsp;&nbsp; 122466 |
| &nbsp;&nbsp;&nbsp; Duomo Bidco SpA, (3-mo. EURIBOR + 4.13%), 6.15%, <br> 07/15/31<sup>(a)(d)</sup><br>|  | 100 | &nbsp;&nbsp; 118108 |
| Staples, Inc., 10.75%, 09/01/29<sup>(b)</sup> | USD | 185 | &nbsp;&nbsp; 182922 |
| &nbsp;&nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy <br> Finance Corp., 5.00%, 06/01/31<sup>(b)</sup><br>|  | 91 | &nbsp;&nbsp; 86586 |
|  |  |  | &nbsp;&nbsp; 682929 |
| **Technology Hardware, Storage & Peripherals**<sup>(b)</sup> **— 0.2%** | **Technology Hardware, Storage & Peripherals**<sup>(b)</sup> **— 0.2%** | **Technology Hardware, Storage & Peripherals**<sup>(b)</sup> **— 0.2%** | **Technology Hardware, Storage & Peripherals**<sup>(b)</sup> **— 0.2%** |
| Seagate Data Storage Technology Pte Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 12/15/29 |  | 449 | &nbsp;&nbsp; 475312 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/30 |  | 249 | &nbsp;&nbsp; 253337 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/15/31<sup>(g)</sup> |  | 557 | &nbsp;&nbsp; 589672 |
|  |  |  | &nbsp;&nbsp; 1318321 |
| **Textiles, Apparel & Luxury Goods — 0.3%** | **Textiles, Apparel & Luxury Goods — 0.3%** | **Textiles, Apparel & Luxury Goods — 0.3%** | **Textiles, Apparel & Luxury Goods — 0.3%** |
| Beach Acquisition Bidco LLC<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/32 | EUR | 435 | &nbsp;&nbsp; 523522 |
| &nbsp;&nbsp;&nbsp; (10.00% PIK), 10.00%, 07/15/33<sup>(g)(i)</sup> | USD | 759 | &nbsp;&nbsp; 818705 |
| Crocs, Inc., 4.25%, 03/15/29<sup>(b)</sup> |  | 25 | &nbsp;&nbsp; 23958 |
| Hanesbrands, Inc., 9.00%, 02/15/31<sup>(b)</sup> |  | 15 | &nbsp;&nbsp; 15876 |
| Levi Strauss & Co.<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/30 | EUR | 120 | &nbsp;&nbsp; 142961 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/31 | USD | 16 | &nbsp;&nbsp; 14855 |
| &nbsp;&nbsp;&nbsp; PrestigeBidCo GmbH, (3-mo. EURIBOR + 3.75%), <br> 5.78%, 07/01/29<sup>(a)(d)</sup><br>| EUR | 100 | &nbsp;&nbsp; 118071 |
|  |  |  | &nbsp;&nbsp; 1657948 |
| **Tobacco — 0.1%** | **Tobacco — 0.1%** | **Tobacco — 0.1%** | **Tobacco — 0.1%** |
| BAT Capital Corp., 7.08%, 08/02/43<sup>(g)</sup> | USD | 500 | &nbsp;&nbsp; 565841 |
| **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** |
| Edge Finco PLC, 8.13%, 08/15/31<sup>(d)</sup> | GBP | 100 | &nbsp;&nbsp; 143400 |
| Incora Top Holdco LLC, 6.00%, 01/31/33<sup>(c)</sup> | USD | 198 | &nbsp;&nbsp; 49793 |
| Mobico Group PLC, 3.63%, 11/20/28<sup>(d)</sup> | GBP | 100 | &nbsp;&nbsp; 113566 |
|  |  |  | &nbsp;&nbsp; 306759 |
| **Water Utilities — 0.2%** | **Water Utilities — 0.2%** | **Water Utilities — 0.2%** | **Water Utilities — 0.2%** |
| American Water Capital Corp., 4.45%, 06/01/32<sup>(g)</sup> | USD | 900 | &nbsp;&nbsp; 898177 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Wireless Telecommunication Services — 0.7%** | **Wireless Telecommunication Services — 0.7%** | **Wireless Telecommunication Services — 0.7%** | **Wireless Telecommunication Services — 0.7%** |
| Altice France SA<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28 | USD | 381 | &nbsp;&nbsp; $335280 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/29 |  | 200 | &nbsp;&nbsp; 172000 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/29 |  | 1400 | &nbsp;&nbsp; 1195600 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/29 |  | 200 | &nbsp;&nbsp; 172987 |
| &nbsp;&nbsp;&nbsp; Digicel International Finance Ltd./Difl U.S. LLC, 8.63%, <br> 08/01/32<sup>(b)(g)</sup><br>|  | 945 | &nbsp;&nbsp; 969523 |
| &nbsp;&nbsp;&nbsp; Ligado Networks LLC, (15.50% PIK), 15.50%, <br> 11/01/23<sup>(b)(e)(i)(j)</sup><br>|  | 217 | &nbsp;&nbsp; 71216 |
| Telecom Argentina SA, 9.25%, 05/28/33<sup>(b)</sup> |  | 9 | &nbsp;&nbsp; 8805 |
| Vmed O2 U.K. Financing I PLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/31/29<sup>(d)</sup> | GBP | 100 | &nbsp;&nbsp; 128083 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/31/31<sup>(b)(g)</sup> | USD | 600 | &nbsp;&nbsp; 556300 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/31<sup>(b)</sup> |  | 200 | &nbsp;&nbsp; 188249 |
| WOM Mobile SA, (11.00% PIK), 11.00%, 04/01/31<sup>(b)(i)</sup> |  | 12 | &nbsp;&nbsp; 11093 |
| Zegona Finance PLC, 6.75%, 07/15/29<sup>(d)</sup> | EUR | 90 | &nbsp;&nbsp; 111864 |
|  |  |  | &nbsp;&nbsp; 3921000 |
| **Total Corporate Bonds — 73.6%** <br>**(Cost: $394,853,000)** | **Total Corporate Bonds — 73.6%** <br>**(Cost: $394,853,000)** | **Total Corporate Bonds — 73.6%** <br>**(Cost: $394,853,000)** | &nbsp;&nbsp; 402319012 |
| **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** |
| **Distributors — 0.0%** | **Distributors — 0.0%** | **Distributors — 0.0%** | **Distributors — 0.0%** |
| &nbsp;&nbsp;&nbsp; TMK Hawk Parent Corp., 2024 PIK Term Loan, 11.00%, <br> 12/15/31<sup>(c)</sup><br>| USD | 26 | &nbsp;&nbsp; — |
| **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Clover Holdings SPV III LLC, 2024 USD Term Loan, <br> 15.00%, 12/09/27<br>|  | 37 | &nbsp;&nbsp; 37848 |
| **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC, Fixed Term Loan B, 7.75%, <br> 12/09/31<br>|  | 1021 | &nbsp;&nbsp; 1026188 |
| X Corp., 2025 Fixed Term Loan, 9.50%, 10/26/29 |  | 91 | &nbsp;&nbsp; 91215 |
|  |  |  | &nbsp;&nbsp; 1117403 |
| **Software — 0.1%** | **Software — 0.1%** | **Software — 0.1%** | **Software — 0.1%** |
| Cotiviti, Inc., 2024 Fixed Term Loan B, 7.63%, 05/01/31 |  | 595 | &nbsp;&nbsp; 596672 |
| **Total Fixed Rate Loan Interests — 0.3%** <br>**(Cost: $1,766,392)** | **Total Fixed Rate Loan Interests — 0.3%** <br>**(Cost: $1,766,392)** | **Total Fixed Rate Loan Interests — 0.3%** <br>**(Cost: $1,766,392)** | &nbsp;&nbsp; 1751923 |
| **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> |
| **Advertising Agencies — 0.2%** | **Advertising Agencies — 0.2%** | **Advertising Agencies — 0.2%** | **Advertising Agencies — 0.2%** |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc., 2024 Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.11%), <br> 8.28%, 08/23/28<br>|  | 348 | &nbsp;&nbsp; 347670 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC, 2025 Term Loan B, <br> 09/24/32<sup>(p)</sup><br>|  | 401 | &nbsp;&nbsp; 400751 |
| &nbsp;&nbsp;&nbsp; Planet U.S. Buyer LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR + 3.00%), 7.20%, 02/07/31<br>|  | 236 | &nbsp;&nbsp; 237090 |
| &nbsp;&nbsp;&nbsp; Summer BC Holdco B SARL, 2024 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 5.26%), <br> 9.26%, 02/15/29<br>|  | 148 | &nbsp;&nbsp; 145532 |
|  |  |  | &nbsp;&nbsp; 1131043 |
| **Aerospace & Defense — 1.7%** | **Aerospace & Defense — 1.7%** | **Aerospace & Defense — 1.7%** | **Aerospace & Defense — 1.7%** |
| &nbsp;&nbsp;&nbsp; Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.50%, <br> 10/31/30<br>|  | 658 | &nbsp;&nbsp; 657238 |
| &nbsp;&nbsp;&nbsp; Cobham Ultra SeniorCo SARL, USD Term Loan B, (6-<br> mo. CME Term SOFR + 4.18%), 8.37%, 08/03/29<br>|  | 650 | &nbsp;&nbsp; 649630 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| Dynasty Acquisition Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B1, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.00%), 6.16%, 10/31/31<br>| USD | 1285 | &nbsp;&nbsp; $1285276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B2, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.00%), 6.16%, 10/31/31<br>|  | 489 | &nbsp;&nbsp; 489101 |
| &nbsp;&nbsp;&nbsp; Goat Holdco LLC, 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.75%), 6.91%, 01/27/32<br>|  | 275 | &nbsp;&nbsp; 274768 |
| Kaman Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 0.50% Floor + 2.50%), 6.83%, 02/26/32<br>|  | 3 | &nbsp;&nbsp; 3091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (6-mo. CME Term SOFR at 0.50% <br> Floor + 2.75%), 6.66%, 02/26/32<br>|  | 352 | &nbsp;&nbsp; 350439 |
| &nbsp;&nbsp;&nbsp; Propulsion BC Finco SARL, 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 7.04%, <br> 09/14/29<br>|  | 116 | &nbsp;&nbsp; 116574 |
| TransDigm, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan J, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.50%, 02/28/31<br>|  | 2703 | &nbsp;&nbsp; 2701199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan L, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.50%, 01/19/32<br>|  | 487 | &nbsp;&nbsp; 486744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan K, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 6.25%, 03/22/30<br>|  | 845 | &nbsp;&nbsp; 843949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan M, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.66%, 08/19/32<br>|  | 1683 | &nbsp;&nbsp; 1680846 |
|  |  |  | &nbsp;&nbsp; 9538855 |
| **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** |
| &nbsp;&nbsp;&nbsp; Rand Parent LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 7.00%, 03/18/30<br>|  | 705 | &nbsp;&nbsp; 701139 |
| &nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC, 2025 Term Loan B, <br> 04/09/32<sup>(p)</sup><br>|  | 285 | &nbsp;&nbsp; 284644 |
|  |  |  | &nbsp;&nbsp; 985783 |
| **Automobile Components — 0.7%** | **Automobile Components — 0.7%** | **Automobile Components — 0.7%** | **Automobile Components — 0.7%** |
| Clarios Global LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, (1-mo. CME Term SOFR + <br> 2.50%), 6.66%, 05/06/30<br>|  | 1826 | &nbsp;&nbsp; 1824431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.75%), 6.91%, 01/28/32<br>|  | 875 | &nbsp;&nbsp; 874729 |
| &nbsp;&nbsp;&nbsp; Garrett LX I SARL, 2025 USD Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 2.00%), 6.31%, <br> 01/30/32<br>|  | 53 | &nbsp;&nbsp; 52603 |
| &nbsp;&nbsp;&nbsp; RealTruck Group, Inc., 2023 Incremental Term Loan, <br> (1-mo. CME Term SOFR + 5.11%), 9.28%, 01/31/28<br>|  | 234 | &nbsp;&nbsp; 217529 |
| &nbsp;&nbsp;&nbsp; Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term <br> SOFR + 5.10%), 9.30%, 11/17/28<br>|  | 829 | &nbsp;&nbsp; 810090 |
|  |  |  | &nbsp;&nbsp; 3779382 |
| **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** |
| Naked Juice LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLFO Term Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 5.50%), 9.50%, 01/24/29<br>|  | 1003 | &nbsp;&nbsp; 1007488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLSO Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.35%), 7.35%, 01/24/29<br>|  | 449 | &nbsp;&nbsp; 337492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLTO Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 10.10%, 01/24/30<br>|  | 325 | &nbsp;&nbsp; 132340 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| &nbsp;&nbsp;&nbsp; Primo Brands Corp., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 2.25%), 6.25%, <br> 03/31/28<br>| USD | 501 | &nbsp;&nbsp; $500994 |
| &nbsp;&nbsp;&nbsp; Sazerac Co., Inc., Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.70%, 07/09/32<br>|  | 600 | &nbsp;&nbsp; 603336 |
|  |  |  | &nbsp;&nbsp; 2581650 |
| **Building Products — 2.6%** | **Building Products — 2.6%** | **Building Products — 2.6%** | **Building Products — 2.6%** |
| &nbsp;&nbsp;&nbsp; Chariot Buyer LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 09/08/32<br>|  | 2035 | &nbsp;&nbsp; 2035715 |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 5.25%), 9.41%, 07/08/30<br>|  | 567 | &nbsp;&nbsp; 554242 |
| &nbsp;&nbsp;&nbsp; CP Iris Holdco I, Inc., 2021 Term Loan, (1-mo. CME Term <br> SOFR + 3.50%), 7.66%, 10/02/28<br>|  | 687 | &nbsp;&nbsp; 685838 |
| EMRLD Borrower LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (6-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 6.12%, 08/04/31<br>|  | 913 | &nbsp;&nbsp; 908716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (3-mo. CME Term SOFR at 0.00% Floor <br> + 2.25%), 6.45%, 05/31/30<br>|  | 1483 | &nbsp;&nbsp; 1477726 |
| &nbsp;&nbsp;&nbsp; Foundation Building Materials, Inc., 2024 Term Loan B2, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.00%), <br> 8.31%, 01/29/31<br>|  | 1251 | &nbsp;&nbsp; 1252589 |
| &nbsp;&nbsp;&nbsp; Gulfside Supply, Inc., Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 7.00%, 06/17/31<br>|  | 267 | &nbsp;&nbsp; 266715 |
| &nbsp;&nbsp;&nbsp; New AMI I LLC, 2022 Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 6.00%), 10.16%, 03/08/29<br>|  | 194 | &nbsp;&nbsp; 178355 |
| &nbsp;&nbsp;&nbsp; Potters Borrower LP, 2025 Repriced Term Loan B, (1-mo. <br> CME Term SOFR at 0.75% Floor + 3.00%), 7.16%, <br> 12/14/27<br>|  | 254 | &nbsp;&nbsp; 254726 |
| Quikrete Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, (1-mo. CME Term SOFR + <br> 2.25%), 6.41%, 03/19/29<br>|  | 695 | &nbsp;&nbsp; 695616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 6.41%, 02/10/32<br>|  | 379 | &nbsp;&nbsp; 378837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.41%, 04/14/31<br>|  | 787 | &nbsp;&nbsp; 786596 |
| &nbsp;&nbsp;&nbsp; QXO, Inc., Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 3.00%), 7.16%, 04/30/32<br>|  | 245 | &nbsp;&nbsp; 246658 |
| &nbsp;&nbsp;&nbsp; Standard Industries, Inc., 2021 Term Loan B, (1-mo. <br> CME Term SOFR + 1.75%), 5.89%, 09/22/28<br>|  | 216 | &nbsp;&nbsp; 215953 |
| &nbsp;&nbsp;&nbsp; White Cap Supply Holdings LLC, 2024 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 7.42%, 10/19/29<br>|  | 2150 | &nbsp;&nbsp; 2149599 |
| &nbsp;&nbsp;&nbsp; Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.25%), 8.25%, 08/05/31<br>|  | 1677 | &nbsp;&nbsp; 1618527 |
| &nbsp;&nbsp;&nbsp; Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + <br> 2.11%), 6.28%, 10/04/28<br>|  | 389 | &nbsp;&nbsp; 391245 |
|  |  |  | &nbsp;&nbsp; 14097653 |
| **Capital Markets — 1.4%** | **Capital Markets — 1.4%** | **Capital Markets — 1.4%** | **Capital Markets — 1.4%** |
| &nbsp;&nbsp;&nbsp; Acuren Delaware Holdco, Inc., 2025 Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.91%, <br> 07/30/31<br>|  | 212 | &nbsp;&nbsp; 212623 |
| &nbsp;&nbsp;&nbsp; Allspring Buyer LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.81%, <br> 11/01/30<br>|  | 321 | &nbsp;&nbsp; 321035 |
| &nbsp;&nbsp;&nbsp; AqGen Island Holdings, Inc., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 08/02/28<br>|  | 1056 | &nbsp;&nbsp; 1054543 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** | **Capital Markets (continued)** |
| &nbsp;&nbsp;&nbsp; Aretec Group, Inc., 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.66%, <br> 08/09/30<br>| USD | 330 | &nbsp;&nbsp; $330260 |
| &nbsp;&nbsp;&nbsp; Citadel Securities LP, 2024 First Lien Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 10/31/31<br>|  | 744 | &nbsp;&nbsp; 745627 |
| &nbsp;&nbsp;&nbsp; Edelman Financial Engines Center LLC, 2024 Term <br> Loan, (1-mo. CME Term SOFR at 0.00% Floor + <br> 3.00%), 7.16%, 04/07/28<br>|  | 759 | &nbsp;&nbsp; 759294 |
| &nbsp;&nbsp;&nbsp; Focus Financial Partners LLC, 2025 Incremental Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.75%), 6.91%, 09/15/31<br>|  | 1060 | &nbsp;&nbsp; 1060073 |
| &nbsp;&nbsp;&nbsp; Gryphon Acquire NewCo LLC, Term Loan B, (6-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 6.88%, <br> 09/13/32<br>|  | 414 | &nbsp;&nbsp; 414907 |
| &nbsp;&nbsp;&nbsp; GTCR Everest Borrower LLC, Add on Term Loan B, (3-<br> mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.75%, 09/05/31<br>|  | 258 | &nbsp;&nbsp; 258332 |
| &nbsp;&nbsp;&nbsp; Guardian U.S. Holdco LLC, 2023 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.50%), 7.50%, <br> 01/31/30<br>|  | 179 | &nbsp;&nbsp; 178524 |
| &nbsp;&nbsp;&nbsp; Jane Street Group LLC, 2024 Term Loan B1, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.20%, <br> 12/15/31<br>|  | 1217 | &nbsp;&nbsp; 1206356 |
| &nbsp;&nbsp;&nbsp; Osaic Holdings, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 7.16%, 07/30/32<br>|  | 1112 | &nbsp;&nbsp; 1111177 |
| &nbsp;&nbsp;&nbsp; Summit Acquisition, Inc., 2025 Add-on Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.66%, <br> 10/16/31<br>|  | 81 | &nbsp;&nbsp; 81237 |
|  |  |  | &nbsp;&nbsp; 7733988 |
| **Chemicals — 2.5%** | **Chemicals — 2.5%** | **Chemicals — 2.5%** | **Chemicals — 2.5%** |
| &nbsp;&nbsp;&nbsp; Aruba Investments Holdings LLC, 2020 USD Term Loan, <br> (1-mo. CME Term SOFR + 4.10%), 8.26%, 11/24/27<br>|  | 326 | &nbsp;&nbsp; 316114 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems U.S. Holdings, Inc., 2024 Term <br> Loan B7, (3-mo. CME Term SOFR at 0.50% Floor + <br> 1.75%), 5.75%, 12/20/29<br>|  | 710 | &nbsp;&nbsp; 712292 |
| &nbsp;&nbsp;&nbsp; Chemours Co., 2023 USD Term Loan B, (1-mo. CME <br> Term SOFR + 3.00%), 7.16%, 08/18/28<br>|  | 355 | &nbsp;&nbsp; 354210 |
| &nbsp;&nbsp;&nbsp; Derby Buyer LLC, 2024 Repriced Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 7.18%, <br> 11/01/30<br>|  | 842 | &nbsp;&nbsp; 842404 |
| &nbsp;&nbsp;&nbsp; Discovery Purchaser Corp., Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 3.75%), 8.08%, <br> 10/04/29<br>|  | 179 | &nbsp;&nbsp; 178393 |
| &nbsp;&nbsp;&nbsp; Ecovyst Catalyst Technologies LLC, 2024 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.31%, 06/12/31<br>|  | 694 | &nbsp;&nbsp; 693291 |
| &nbsp;&nbsp;&nbsp; Element Solutions, Inc., 2023 Term Loan B, (1-mo. CME <br> Term SOFR + 1.75%), 5.91%, 12/18/30<br>|  | 809 | &nbsp;&nbsp; 813562 |
| &nbsp;&nbsp;&nbsp; Fortis 333, Inc., USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.50%), 7.50%, 03/29/32<br>|  | 305 | &nbsp;&nbsp; 303199 |
| &nbsp;&nbsp;&nbsp; HB Fuller Co., 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 5.91%, 02/15/30<br>|  | 312 | &nbsp;&nbsp; 312700 |
| &nbsp;&nbsp;&nbsp; INEOS U.S. Finance LLC, 2023 USD Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 7.41%, 02/18/30<br>|  | 293 | &nbsp;&nbsp; 264259 |
| &nbsp;&nbsp;&nbsp; INEOS U.S. Petrochem LLC, 2024 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.25%), <br> 8.41%, 10/07/31<br>|  | 297 | &nbsp;&nbsp; 254011 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| &nbsp;&nbsp;&nbsp; Lonza Group AG, USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.03%), 8.03%, 07/03/28<br>| USD | 691 | &nbsp;&nbsp; $622196 |
| &nbsp;&nbsp;&nbsp; Minerals Technologies, Inc., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 11/26/31<sup>(c)</sup><br>|  | 496 | &nbsp;&nbsp; 496250 |
| &nbsp;&nbsp;&nbsp; Momentive Performance Materials, Inc., 2023 Term <br> Loan, (1-mo. CME Term SOFR + 4.00%), 8.16%, <br> 03/29/28<br>|  | 751 | &nbsp;&nbsp; 752959 |
| &nbsp;&nbsp;&nbsp; Nouryon Finance BV, 2024 USD Term Loan B1, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 7.50%, <br> 04/03/28<br>|  | 645 | &nbsp;&nbsp; 645713 |
| Olympus Water U.S. Holding Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.00%), 7.00%, 06/20/31<br>|  | 1209 | &nbsp;&nbsp; 1195630 |
| &nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, 07/23/32<sup>(p)</sup> |  | 836 | &nbsp;&nbsp; 829136 |
| &nbsp;&nbsp;&nbsp; Oxea Holding Drei GmbH, 2017 USD Term Loan B2, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.35%), <br> 8.64%, 04/08/31<br>|  | 847 | &nbsp;&nbsp; 778054 |
| &nbsp;&nbsp;&nbsp; Paint Intermediate III LLC, 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.24%, <br> 10/09/31<br>|  | 276 | &nbsp;&nbsp; 274926 |
| Qnity Electronics, Inc., Term Loan B, 08/12/32<sup>(p)</sup> |  | 887 | &nbsp;&nbsp; 885891 |
| &nbsp;&nbsp;&nbsp; Solstice Advanced Materials, Inc., Term Loan B, <br> 09/17/32<sup>(p)</sup><br>|  | 467 | &nbsp;&nbsp; 467294 |
| &nbsp;&nbsp;&nbsp; Sparta U.S. HoldCo LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.75% Floor + 3.00%), 7.28%, <br> 08/02/30<br>|  | 1042 | &nbsp;&nbsp; 1027087 |
| &nbsp;&nbsp;&nbsp; WR Grace Holdings LLC, 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 7.00%, <br> 08/19/32<br>|  | 440 | &nbsp;&nbsp; 440735 |
|  |  |  | &nbsp;&nbsp; 13460306 |
| **Commercial Services & Supplies — 3.3%** | **Commercial Services & Supplies — 3.3%** | **Commercial Services & Supplies — 3.3%** | **Commercial Services & Supplies — 3.3%** |
| &nbsp;&nbsp;&nbsp; Aggreko Holdings, Inc., 2025 USD Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 7.21%, <br> 05/21/31<br>|  | 1006 | &nbsp;&nbsp; 1008038 |
| &nbsp;&nbsp;&nbsp; AlixPartners LLP, 2025 USD Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 08/12/32<br>|  | 1507 | &nbsp;&nbsp; 1495805 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC, 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.35%), <br> 7.51%, 08/20/32<br>|  | 2714 | &nbsp;&nbsp; 2722195 |
| &nbsp;&nbsp;&nbsp; Belron Finance LLC, 2025 Repriced Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.74%, <br> 10/16/31<br>|  | 1911 | &nbsp;&nbsp; 1919182 |
| &nbsp;&nbsp;&nbsp; Bright Horizons Family Solutions LLC, 2025 Term Loan <br> B, (1-mo. CME Term SOFR at 0.50% Floor + 1.75%), <br> 5.91%, 08/23/32<br>|  | 702 | &nbsp;&nbsp; 704295 |
| &nbsp;&nbsp;&nbsp; Champions Financing, Inc., 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.75%), 8.95%, <br> 02/23/29<br>|  | 79 | &nbsp;&nbsp; 73995 |
| &nbsp;&nbsp;&nbsp; CHG Healthcare Services, Inc., 2025 Term Loan B1, <br> (3-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 7.05%, 09/29/28<br>|  | 451 | &nbsp;&nbsp; 451327 |
| &nbsp;&nbsp;&nbsp; Creative Artists Agency LLC, 2025 Repriced Term Loan <br> B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.66%, 10/01/31<br>|  | 1789 | &nbsp;&nbsp; 1790451 |
| &nbsp;&nbsp;&nbsp; Ensemble RCM LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 7.31%, <br> 08/01/29<br>|  | 849 | &nbsp;&nbsp; 850777 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** | **Commercial Services & Supplies (continued)** |
| &nbsp;&nbsp;&nbsp; Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term <br> SOFR + 2.00%, 3.75% PIK), 3.75%, 07/31/30<sup>(i)</sup><br>| USD | 333 | &nbsp;&nbsp; $301236 |
| &nbsp;&nbsp;&nbsp; Garda World Security Corp., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.17%, <br> 02/01/29<br>|  | 1060 | &nbsp;&nbsp; 1059593 |
| &nbsp;&nbsp;&nbsp; Grant Thornton Advisors LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 06/02/31<br>|  | 252 | &nbsp;&nbsp; 250090 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc., Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 6.25%, 06/02/32<br>|  | 156 | &nbsp;&nbsp; 156585 |
| Hertz Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, (3-mo. CME Term SOFR + <br> 3.76%), 8.07%, 06/30/28<br>|  | 598 | &nbsp;&nbsp; 536182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan C, (3-mo. CME Term SOFR + <br> 3.76%), 8.07%, 06/30/28<br>|  | 118 | &nbsp;&nbsp; 105535 |
| &nbsp;&nbsp;&nbsp; KUEHG Corp., 2025 Term Loan, (3-mo. CME Term <br> SOFR at 0.50% Floor + 2.75%), 6.75%, 06/12/30<br>|  | 249 | &nbsp;&nbsp; 248632 |
| &nbsp;&nbsp;&nbsp; Learning Care Group U.S. No. 2, Inc., 2024 Term Loan <br> B, (3-mo. CME Term SOFR + 4.00%), 8.29%, <br> 08/11/28<sup>(c)</sup><br>|  | 109 | &nbsp;&nbsp; 106613 |
| &nbsp;&nbsp;&nbsp; Mavis Tire Express Services Topco Corp., 2025 Repriced <br> Term Loan, (3-mo. CME Term SOFR at 0.75% Floor + <br> 3.00%), 7.20%, 05/04/28<br>|  | 1730 | &nbsp;&nbsp; 1729223 |
| Prime Security Services Borrower LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (6-mo. CME Term SOFR <br> at 0.00% Floor + 2.00%), 6.13%, 10/13/30<br>|  | 442 | &nbsp;&nbsp; 441066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 6.00%, 03/07/32<br>|  | 930 | &nbsp;&nbsp; 920764 |
| &nbsp;&nbsp;&nbsp; Ryan LLC, Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.50%), 7.66%, 11/14/30<br>|  | 46 | &nbsp;&nbsp; 46353 |
| &nbsp;&nbsp;&nbsp; Vortex Opco LLC, Second Out Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.36%), 8.37%, <br> 12/17/28<br>|  | 442 | &nbsp;&nbsp; 97305 |
| &nbsp;&nbsp;&nbsp; Wand NewCo 3, Inc., 2025 Repriced Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.66%, 01/30/31<br>|  | 1116 | &nbsp;&nbsp; 1111711 |
|  |  |  | &nbsp;&nbsp; 18126953 |
| **Communications Equipment — 0.2%** | **Communications Equipment — 0.2%** | **Communications Equipment — 0.2%** | **Communications Equipment — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ciena Corp., 2025 Repriced Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.89%, <br> 10/24/30<br>|  | 823 | &nbsp;&nbsp; 823355 |
| &nbsp;&nbsp;&nbsp; ORBCOMM, Inc., Term Loan B, (1-mo. CME Term SOFR <br> at 0.75% Floor + 4.51%), 8.62%, 09/01/28<br>|  | 305 | &nbsp;&nbsp; 274776 |
|  |  |  | &nbsp;&nbsp; 1098131 |
| **Construction & Engineering — 1.1%** | **Construction & Engineering — 1.1%** | **Construction & Engineering — 1.1%** | **Construction & Engineering — 1.1%** |
| &nbsp;&nbsp;&nbsp; Apple Bidco LLC, 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.66%, 09/23/31<br>|  | 1729 | &nbsp;&nbsp; 1728181 |
| &nbsp;&nbsp;&nbsp; Brand Industrial Services, Inc., 2024 Term Loan B, (3-<br> mo. CME Term SOFR at 0.50% Floor + 4.50%), <br> 8.80%, 08/01/30<br>|  | 1360 | &nbsp;&nbsp; 1229043 |
| Brown Group Holding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan B2, (1-mo. CME Term <br> SOFR at 0.50% Floor + 2.50%), 6.87%, 07/01/31<br>|  | 740 | &nbsp;&nbsp; 741585 |
| &nbsp;&nbsp;&nbsp; Term Loan B, 07/01/31<sup>(p)</sup> |  | 710 | &nbsp;&nbsp; 710298 |
| &nbsp;&nbsp;&nbsp; Construction Partners, Inc., Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 11/03/31<br>|  | 163 | &nbsp;&nbsp; 163126 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Construction & Engineering (continued)** | **Construction & Engineering (continued)** | **Construction & Engineering (continued)** | **Construction & Engineering (continued)** |
| &nbsp;&nbsp;&nbsp; Cube Industrials Buyer, Inc., 2024 Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 7.58%, <br> 10/17/31<br>| USD | 146 | &nbsp;&nbsp; $146631 |
| &nbsp;&nbsp;&nbsp; Legence Holdings LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.75% Floor + 3.00%), 7.16%, <br> 12/18/28<br>|  | 121 | &nbsp;&nbsp; 121224 |
| &nbsp;&nbsp;&nbsp; SBA Senior Finance II LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.92%, <br> 01/25/31<br>|  | 1020 | &nbsp;&nbsp; 1022675 |
|  |  |  | &nbsp;&nbsp; 5862763 |
| **Consumer Discretionary — 0.7%** | **Consumer Discretionary — 0.7%** | **Consumer Discretionary — 0.7%** | **Consumer Discretionary — 0.7%** |
| &nbsp;&nbsp;&nbsp; APi Group DE, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.91%, 01/03/29<br>|  | 1416 | &nbsp;&nbsp; 1414503 |
| &nbsp;&nbsp;&nbsp; Camelot U.S. Acquisition LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR + 2.75%), 6.91%, 01/31/31<br>|  | 443 | &nbsp;&nbsp; 439746 |
| &nbsp;&nbsp;&nbsp; Element Materials Technology Group U.S. Holdings, Inc., <br> 2022 USD Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.68%), 7.68%, 07/06/29<br>|  | 335 | &nbsp;&nbsp; 336805 |
| &nbsp;&nbsp;&nbsp; Fleet U.S. Bidco, Inc., 2024 1st Lien Term Loan B, (6-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.54%, <br> 02/21/31<sup>(c)</sup><br>|  | 201 | &nbsp;&nbsp; 200970 |
| &nbsp;&nbsp;&nbsp; OMNIA Partners LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.81%, <br> 07/25/30<br>|  | 337 | &nbsp;&nbsp; 336546 |
| Peer Holding III BV, 2025 USD Term Loan B, 09/27/32<sup>(p)</sup> |  | 193 | &nbsp;&nbsp; 193000 |
| &nbsp;&nbsp;&nbsp; PG Polaris BidCo SARL, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.75%), 6.91%, 03/26/31<br>|  | 377 | &nbsp;&nbsp; 377904 |
| &nbsp;&nbsp;&nbsp; Raven Acquisition Holdings LLC, Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 11/19/31<br>|  | 298 | &nbsp;&nbsp; 298182 |
| &nbsp;&nbsp;&nbsp; TruGreen LP, 2020 Term Loan, (1-mo. CME Term SOFR <br> + 4.10%), 8.26%, 11/02/27<br>|  | 184 | &nbsp;&nbsp; 180231 |
|  |  |  | &nbsp;&nbsp; 3777887 |
| **Consumer Finance — 1.3%** | **Consumer Finance — 1.3%** | **Consumer Finance — 1.3%** | **Consumer Finance — 1.3%** |
| &nbsp;&nbsp;&nbsp; Boost Newco Borrower LLC, 2025 USD Term Loan B2, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.00%, 01/31/31<br>|  | 2187 | &nbsp;&nbsp; 2188454 |
| &nbsp;&nbsp;&nbsp; Citrin Cooperman Advisors LLC, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 3.00%), <br> 7.00%, 04/01/32<br>|  | 425 | &nbsp;&nbsp; 422455 |
| &nbsp;&nbsp;&nbsp; Corpay Technologies Operating Co. LLC, Term Loan B5, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.91%, 04/28/28<br>|  | 1631 | &nbsp;&nbsp; 1627853 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC, 2025 Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.50%, <br> 06/30/32<br>|  | 399 | &nbsp;&nbsp; 401825 |
| Trans Union LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 06/24/31<br>|  | 1012 | &nbsp;&nbsp; 1010989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B9, (1-mo. CME Term SOFR at <br> 0.50% Floor + 1.75%), 5.91%, 06/24/31<br>|  | 1049 | &nbsp;&nbsp; 1047922 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** | **Consumer Finance (continued)** |
| WEX, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 03/31/28<br>| USD | 169 | &nbsp;&nbsp; $168450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.91%, 03/05/32<br>|  | 308 | &nbsp;&nbsp; 307003 |
|  |  |  | &nbsp;&nbsp; 7174951 |
| **Consumer Staples Distribution & Retail — 0.2%** | **Consumer Staples Distribution & Retail — 0.2%** | **Consumer Staples Distribution & Retail — 0.2%** | **Consumer Staples Distribution & Retail — 0.2%** |
| &nbsp;&nbsp;&nbsp; Boots Group Finco LP, USD Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.50%), 7.70%, <br> 08/30/32<br>|  | 659 | &nbsp;&nbsp; 660371 |
| &nbsp;&nbsp;&nbsp; U.S. Foods, Inc., 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.91%, <br> 10/03/31<br>|  | 645 | &nbsp;&nbsp; 648808 |
|  |  |  | &nbsp;&nbsp; 1309179 |
| **Containers & Packaging — 1.2%** | **Containers & Packaging — 1.2%** | **Containers & Packaging — 1.2%** | **Containers & Packaging — 1.2%** |
| &nbsp;&nbsp;&nbsp; Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.85%), 6.01%, <br> 09/07/27<br>|  | 985 | &nbsp;&nbsp; 984717 |
| &nbsp;&nbsp;&nbsp; Charter Next Generation, Inc., 2024 Term Loan B1, (1-<br> mo. CME Term SOFR at 0.75% Floor + 2.75%), <br> 6.93%, 11/29/30<br>|  | 1871 | &nbsp;&nbsp; 1875955 |
| Clydesdale Acquisition Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.25%), 7.41%, 04/01/32<br>|  | — <br><sup>(n)</sup><br>| &nbsp;&nbsp; 487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 3.25%), 7.41%, 04/01/32<br>|  | 927 | &nbsp;&nbsp; 925573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR + 3.18%), <br> 7.34%, 04/13/29<br>|  | 105 | &nbsp;&nbsp; 104823 |
| &nbsp;&nbsp;&nbsp; LABL, Inc., 2021 USD 1st Lien Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 5.10%), 9.26%, <br> 10/30/28<br>|  | 929 | &nbsp;&nbsp; 759116 |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co., 2024 Term <br> Loan B, (1-mo. CME Term SOFR + 3.00%), 7.28%, <br> 04/15/27<br>|  | 528 | &nbsp;&nbsp; 527749 |
| &nbsp;&nbsp;&nbsp; Pregis TopCo Corp., 2025 Refinancing Term Loan, (1-<br> mo. CME Term SOFR at 0.00% Floor + 4.00%), <br> 8.16%, 02/01/29<br>|  | 423 | &nbsp;&nbsp; 426185 |
| &nbsp;&nbsp;&nbsp; Proampac PG Borrower LLC, 2024 Term Loan, (3-mo. <br> CME Term SOFR + 4.00%), 8.26%, 09/15/28<br>|  | 102 | &nbsp;&nbsp; 101971 |
| &nbsp;&nbsp;&nbsp; Ring Container Technologies Group LLC, 2025 Term <br> Loan B, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.50%), 6.66%, 09/15/32<br>|  | 280 | &nbsp;&nbsp; 279440 |
| &nbsp;&nbsp;&nbsp; Trident TPI Holdings, Inc., 2024 Term Loan B7, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.75%), 7.75%, <br> 09/15/28<br>|  | 618 | &nbsp;&nbsp; 605832 |
|  |  |  | &nbsp;&nbsp; 6591848 |
| **Distributors — 1.1%** | **Distributors — 1.1%** | **Distributors — 1.1%** | **Distributors — 1.1%** |
| &nbsp;&nbsp;&nbsp; American Builders & Contractors Supply Co., Inc., <br> 2024 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 1.75%), 5.91%, 01/31/31<br>|  | 843 | &nbsp;&nbsp; 844745 |
| Core & Main LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.00%), 6.17%, 07/27/28<br>|  | 1516 | &nbsp;&nbsp; 1514961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan E, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.00%), 6.17%, 02/09/31<br>|  | 374 | &nbsp;&nbsp; 373153 |
| &nbsp;&nbsp;&nbsp; Dealer Tire Financial LLC, 2024 1st Lien Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.00%), <br> 7.16%, 07/02/31<br>|  | 688 | &nbsp;&nbsp; 683792 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Distributors (continued)** | **Distributors (continued)** | **Distributors (continued)** | **Distributors (continued)** |
| &nbsp;&nbsp;&nbsp; Gates Corp./DE, 2024 Term Loan B5, (1-mo. CME Term <br> SOFR + 1.75%), 5.91%, 06/04/31<br>| USD | 1279 | &nbsp;&nbsp; $1276438 |
| &nbsp;&nbsp;&nbsp; PAI Holdco, Inc., 2020 Term Loan B, (3-mo. CME Term <br> SOFR + 4.01%), 8.32%, 10/28/27<br>|  | 254 | &nbsp;&nbsp; 211716 |
| &nbsp;&nbsp;&nbsp; Resideo Funding, Inc., 2025 Incremental Term Loan, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.04%, 08/13/32<br>|  | 561 | &nbsp;&nbsp; 560652 |
| &nbsp;&nbsp;&nbsp; TMK Hawk Parent Corp., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 1.00% Floor + 2.00%, 3.25% <br> PIK), 9.41%, 06/30/29<sup>(i)</sup><br>|  | 783 | &nbsp;&nbsp; 276051 |
|  |  |  | &nbsp;&nbsp; 5741508 |
| **Diversified Consumer Services — 0.1%** | **Diversified Consumer Services — 0.1%** | **Diversified Consumer Services — 0.1%** | **Diversified Consumer Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Anticimex International AB, 2024 Term Loan B6, (3-mo. <br> SOFR + 3.40%), 7.76%, 11/16/28<br>|  | 338 | &nbsp;&nbsp; 338795 |
| **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** | **Diversified Telecommunication Services — 0.7%** |
| &nbsp;&nbsp;&nbsp; Altice Financing SA, USD 2017 1st Lien Term Loan, <br> (Prime + 1.75%), 9.00%, 01/31/26<sup>(c)</sup><br>|  | 510 | &nbsp;&nbsp; 489263 |
| Lumen Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Extended Term Loan B1, (1-mo. CME Term <br> SOFR at 2.00% Floor + 2.46%), 6.63%, 04/16/29<br>|  | 535 | &nbsp;&nbsp; 531634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Extended Term Loan B2, (1-mo. CME Term <br> SOFR at 2.00% Floor + 2.46%), 6.63%, 04/15/30<br>|  | 715 | &nbsp;&nbsp; 710081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan A, (1-mo. CME Term SOFR + <br> 6.00%), 10.16%, 06/01/28<br>|  | 45 | &nbsp;&nbsp; 45830 |
| &nbsp;&nbsp;&nbsp; Zayo Group Holdings, Inc., 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.61%, <br> 03/11/30<br>|  | 2165 | &nbsp;&nbsp; 2097886 |
|  |  |  | &nbsp;&nbsp; 3874694 |
| **Electric Utilities — 0.4%** | **Electric Utilities — 0.4%** | **Electric Utilities — 0.4%** | **Electric Utilities — 0.4%** |
| &nbsp;&nbsp;&nbsp; Constellation Renewables LLC, 2020 Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 2.25%), 6.45%, <br> 12/15/27<br>|  | 488 | &nbsp;&nbsp; 486940 |
| &nbsp;&nbsp;&nbsp; Pike Corp., 2021 Incremental Term Loan B, (1-mo. CME <br> Term SOFR + 3.11%), 7.28%, 01/21/28<br>|  | 422 | &nbsp;&nbsp; 424410 |
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC, 2024-1 Incremental Term <br> Loan, (3-mo. CME Term SOFR at 0.00% Floor + <br> 2.50%), 6.73%, 12/15/31<br>|  | 336 | &nbsp;&nbsp; 335536 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC, 1st Lien Term Loan B3, (1-<br> mo. CME Term SOFR + 1.75%), 5.91%, 12/20/30<br>|  | 682 | &nbsp;&nbsp; 682094 |
|  |  |  | &nbsp;&nbsp; 1928980 |
| **Electronic Equipment, Instruments & Components — 0.4%** | **Electronic Equipment, Instruments & Components — 0.4%** | **Electronic Equipment, Instruments & Components — 0.4%** | **Electronic Equipment, Instruments & Components — 0.4%** |
| &nbsp;&nbsp;&nbsp; Celestica, Inc., 2024 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.92%, 06/20/31<sup>(c)</sup><br>|  | 227 | &nbsp;&nbsp; 228261 |
| &nbsp;&nbsp;&nbsp; Coherent Corp., 2025 1st Lien Term Loan B2, (1-mo. <br> CME Term SOFR at 0.50% Floor + 1.75%), 5.94%, <br> 07/02/29<br>|  | 455 | &nbsp;&nbsp; 453749 |
| &nbsp;&nbsp;&nbsp; Lsf12 Crown U.S. Commercial Bidco LLC, 2025 Term <br> Loan B, 12/02/31<sup>(p)</sup><br>|  | 390 | &nbsp;&nbsp; 390246 |
| Pinnacle Buyer LLC<sup>(p)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Delayed Draw Term Loan, 09/10/32 |  | 92 | &nbsp;&nbsp; 92519 |
| &nbsp;&nbsp;&nbsp; Term Loan, 09/10/32 |  | 481 | &nbsp;&nbsp; 481101 |
| &nbsp;&nbsp;&nbsp; Project Aurora U.S. Finco, Inc., USD Term Loan, <br> 09/24/32<sup>(c)(p)</sup><br>|  | 133 | &nbsp;&nbsp; 133166 |
| Sanmina Corp., Term Loan B, 08/06/32<sup>(c)(p)</sup> |  | 446 | &nbsp;&nbsp; 444885 |
|  |  |  | &nbsp;&nbsp; 2223927 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** |
| &nbsp;&nbsp;&nbsp; Meade Pipeline Co. LLC, Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 6.00%, <br> 09/22/32<br>| USD | 148 | &nbsp;&nbsp; $147815 |
| **Entertainment — 0.3%** | **Entertainment — 0.3%** | **Entertainment — 0.3%** | **Entertainment — 0.3%** |
| &nbsp;&nbsp;&nbsp; Bally's Corp., 2021 Term Loan B, (3-mo. CME Term <br> SOFR at 0.50% Floor + 3.51%), 7.84%, 10/02/28<br>|  | 447 | &nbsp;&nbsp; 432872 |
| &nbsp;&nbsp;&nbsp; Delta 2 Lux SARL, 2024 1st Lien Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.00%), 6.00%, <br> 09/30/31<br>|  | 1345 | &nbsp;&nbsp; 1344661 |
|  |  |  | &nbsp;&nbsp; 1777533 |
| **Environmental, Maintenance & Security Service — 1.5%** | **Environmental, Maintenance & Security Service — 1.5%** | **Environmental, Maintenance & Security Service — 1.5%** | **Environmental, Maintenance & Security Service — 1.5%** |
| &nbsp;&nbsp;&nbsp; Action Environmental Group, Inc., 2023 Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), <br> 7.25%, 10/24/30<sup>(c)</sup><br>|  | 448 | &nbsp;&nbsp; 447575 |
| Clean Harbors, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 1.75%), 5.91%, 10/09/28<br>|  | 650 | &nbsp;&nbsp; 649668 |
| &nbsp;&nbsp;&nbsp; 2025 Term Loan, 09/24/32<sup>(p)</sup> |  | 391 | &nbsp;&nbsp; 391489 |
| &nbsp;&nbsp;&nbsp; Filtration Group Corp., 2025 USD Term Loan, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.91%, <br> 10/21/28<br>|  | 1566 | &nbsp;&nbsp; 1572038 |
| &nbsp;&nbsp;&nbsp; GFL ES US LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.67%, 03/03/32<br>|  | 1305 | &nbsp;&nbsp; 1303290 |
| &nbsp;&nbsp;&nbsp; JFL-Tiger Acquisition Co., Inc., Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.75%), 7.89%, <br> 10/17/30<br>|  | 346 | &nbsp;&nbsp; 346894 |
| Madison IAQ LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (6-mo. CME Term SOFR at 0.50% <br> Floor + 3.25%), 7.45%, 05/06/32<br>|  | 846 | &nbsp;&nbsp; 849390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan, (6-mo. CME Term SOFR at 0.50% Floor + <br> 2.50%), 6.70%, 06/21/28<br>|  | 1789 | &nbsp;&nbsp; 1789405 |
| &nbsp;&nbsp;&nbsp; Packers Holdings LLC, 2021 Term Loan, (3-mo. CME <br> Term SOFR at 0.75% Floor + 3.35%), 7.66%, <br> 03/09/28<br>|  | 482 | &nbsp;&nbsp; 150340 |
| Reworld Holding Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, 01/15/31<sup>(p)</sup> |  | 210 | &nbsp;&nbsp; 209345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor <br> + 2.25%), 6.39%, 11/30/28<br>|  | 471 | &nbsp;&nbsp; 471212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan C, (1-mo. CME Term SOFR at 0.50% Floor <br> + 2.25%), 6.39%, 11/30/28<br>|  | 37 | &nbsp;&nbsp; 36475 |
|  |  |  | &nbsp;&nbsp; 8217121 |
| **Financial Services — 0.9%** | **Financial Services — 0.9%** | **Financial Services — 0.9%** | **Financial Services — 0.9%** |
| &nbsp;&nbsp;&nbsp; Apex Group Treasury LLC, 2025 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 3.50%), <br> 7.75%, 02/27/32<br>|  | 875 | &nbsp;&nbsp; 854284 |
| &nbsp;&nbsp;&nbsp; CPI Holdco B LLC, 2024 Term Loan, (1-mo. CME Term <br> SOFR + 2.00%), 6.16%, 05/19/31<br>|  | 1495 | &nbsp;&nbsp; 1493459 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance U.S., Inc., USD Term Loan, <br> 09/30/32<sup>(c)(p)</sup><br>|  | 1848 | &nbsp;&nbsp; 1831830 |
| Orion U.S. Finco, Inc., 1st Lien Term Loan, 05/20/32<sup>(p)</sup> |  | 521 | &nbsp;&nbsp; 523605 |
| &nbsp;&nbsp;&nbsp; Setanta Aircraft Leasing DAC, 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.75%, <br> 11/05/28<br>|  | 207 | &nbsp;&nbsp; 207797 |
|  |  |  | &nbsp;&nbsp; 4910975 |
| **Food Products — 1.5%** | **Food Products — 1.5%** | **Food Products — 1.5%** | **Food Products — 1.5%** |
| Aramark Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 6.17%, 06/22/30<br>|  | 1031 | &nbsp;&nbsp; 1032396 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Food Products (continued)** | **Food Products (continued)** | **Food Products (continued)** | **Food Products (continued)** |
| Aramark Services, Inc. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Repriced Term Loan, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 04/06/28<br>| USD | 383 | &nbsp;&nbsp; $383187 |
| &nbsp;&nbsp;&nbsp; Chobani LLC, 2025 Repriced Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 10/25/27<br>|  | 2766 | &nbsp;&nbsp; 2772584 |
| Froneri U.S., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B4, (6-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 6.20%, 09/30/31<br>|  | 1762 | &nbsp;&nbsp; 1747088 |
| &nbsp;&nbsp;&nbsp; 2025 USD Term Loan, 08/02/32<sup>(p)</sup> |  | 516 | &nbsp;&nbsp; 514627 |
| &nbsp;&nbsp;&nbsp; H-Food Holdings LLC, 2025 Exit Term Loan, (3-mo. CME <br> Term SOFR at 2.00% Floor + 6.50%), 10.81%, <br> 03/29/30<br>|  | 75 | &nbsp;&nbsp; 75913 |
| &nbsp;&nbsp;&nbsp; Nomad Foods U.S. LLC, 2023 Term Loan B5, (6-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.54%, <br> 11/12/29<br>|  | 576 | &nbsp;&nbsp; 576228 |
| &nbsp;&nbsp;&nbsp; UTZ Quality Foods LLC, 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.50%, <br> 01/29/32<br>|  | 1040 | &nbsp;&nbsp; 1038967 |
| Wellness Pet LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 First Out Exchange Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.95%), 7.95%, <br> 12/31/29<br>|  | 107 | &nbsp;&nbsp; 85003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Exchange Term Loan, (3-mo. CME <br> Term SOFR at 0.75% Floor + 4.01%), 8.01%, <br> 12/31/29<br>|  | 60 | &nbsp;&nbsp; 25752 |
|  |  |  | &nbsp;&nbsp; 8251745 |
| **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** |
| &nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc., 2024 Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.75%, <br> 04/10/31<br>|  | 2383 | &nbsp;&nbsp; 2373220 |
| **Health Care Equipment & Supplies — 0.4%** | **Health Care Equipment & Supplies — 0.4%** | **Health Care Equipment & Supplies — 0.4%** | **Health Care Equipment & Supplies — 0.4%** |
| &nbsp;&nbsp;&nbsp; Avantor Funding, Inc., 2024 Term Loan B6, (1-mo. CME <br> Term SOFR at 0.50% Floor + 2.10%), 6.26%, <br> 11/08/27<br>|  | 77 | &nbsp;&nbsp; 76882 |
| Bausch & Lomb Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Incremental Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 4.00%), 8.17%, 09/29/28<br>|  | 451 | &nbsp;&nbsp; 450236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 4.25%), 8.41%, 01/15/31<br>|  | 1053 | &nbsp;&nbsp; 1052597 |
| &nbsp;&nbsp;&nbsp; QuidelOrtho Corp., Term Loan, (3-mo. CME Term SOFR <br> at 0.00% Floor + 4.00%), 8.00%, 08/20/32<br>|  | 401 | &nbsp;&nbsp; 398662 |
|  |  |  | &nbsp;&nbsp; 1978377 |
| **Health Care Providers & Services — 2.1%** | **Health Care Providers & Services — 2.1%** | **Health Care Providers & Services — 2.1%** | **Health Care Providers & Services — 2.1%** |
| &nbsp;&nbsp;&nbsp; AHP Health Partners, Inc., 2025 Term Loan B, <br> 09/20/32<sup>(p)</sup><br>|  | 100 | &nbsp;&nbsp; 99828 |
| &nbsp;&nbsp;&nbsp; Concentra Health Services, Inc., 2025 Repriced Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.00%), 6.16%, 07/26/31<br>|  | 344 | &nbsp;&nbsp; 344834 |
| &nbsp;&nbsp;&nbsp; Examworks Bidco, Inc., 2021 Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 2.75%), 6.91%, <br> 11/01/28<br>|  | 1212 | &nbsp;&nbsp; 1213800 |
| EyeCare Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Second Out Term Loan B, (6-mo. CME Term <br> SOFR at 0.00% Floor + 1.00%, 3.61% PIK), 8.84%, <br> 11/30/28<sup>(i)</sup><br>|  | 306 | &nbsp;&nbsp; 192443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Superpriority New Money 1st Out Term Loan A, <br> (6-mo. CME Term SOFR at 0.00% Floor + 5.75%), <br> 9.88%, 08/31/28<br>|  | 299 | &nbsp;&nbsp; 300446 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** |
| EyeCare Partners LLC (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Third Out Term Loan C, (3-mo. CME Term SOFR <br> at 0.00% Floor + 6.85%), 10.98%, 11/30/28<sup>(e)(j)</sup><br>| USD | 15 | &nbsp;&nbsp; $3281 |
| &nbsp;&nbsp;&nbsp; ICON Luxembourg SARL, 2024 LUX Term Loan B, (3-<br> mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 6.00%, 07/03/28<br>|  | 254 | &nbsp;&nbsp; 253583 |
| &nbsp;&nbsp;&nbsp; LifePoint Health, Inc., 2024 1st Lien Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.75%), 8.07%, <br> 05/19/31<br>|  | 597 | &nbsp;&nbsp; 595789 |
| Medical Solutions Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 1st Lien Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.60%), 7.91%, 11/01/28<br>|  | 386 | &nbsp;&nbsp; 132519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 2nd Lien Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 7.10%), 11.41%, 11/01/29<br>|  | 247 | &nbsp;&nbsp; 49812 |
| Medline Borrower LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 2.00%), 6.16%, 10/23/30<br>|  | 174 | &nbsp;&nbsp; 174454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.50% <br> Floor + 2.00%), 6.16%, 10/23/28<br>|  | 4129 | &nbsp;&nbsp; 4128966 |
| &nbsp;&nbsp;&nbsp; Parexel International Corp., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.66%, <br> 11/15/28<br>|  | 1416 | &nbsp;&nbsp; 1416497 |
| &nbsp;&nbsp;&nbsp; Sotera Health Holdings LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 05/30/31<br>|  | 1119 | &nbsp;&nbsp; 1119585 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 4.00%), 8.00%, 09/27/30<br>|  | 463 | &nbsp;&nbsp; 462473 |
| &nbsp;&nbsp;&nbsp; Surgery Center Holdings, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 12/19/30<br>|  | 858 | &nbsp;&nbsp; 857733 |
| &nbsp;&nbsp;&nbsp; Team Health Holdings, Inc., 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.50%), 8.80%, <br> 06/30/28<br>|  | 249 | &nbsp;&nbsp; 248699 |
|  |  |  | &nbsp;&nbsp; 11594742 |
| **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** | **Hotel & Resort REITs — 0.0%** |
| &nbsp;&nbsp;&nbsp; RHP Hotel Properties LP, 2024 1st Lien Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.16%, 05/20/30<br>|  | 246 | &nbsp;&nbsp; 245635 |
| **Hotels, Restaurants & Leisure — 4.3%** | **Hotels, Restaurants & Leisure — 4.3%** | **Hotels, Restaurants & Leisure — 4.3%** | **Hotels, Restaurants & Leisure — 4.3%** |
| Aimbridge Acquisition Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Second Out Term Loan, (1-mo. CME <br> Term SOFR at 1.00% Floor + 1.61%, 6.00% PIK), <br> 11.76%, 03/11/30<sup>(i)</sup><br>|  | 107 | &nbsp;&nbsp; 107089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 First Out Term Loan, (1-mo. CME Term SOFR at <br> 1.00% Floor + 5.61%), 9.76%, 03/11/30<br>|  | 117 | &nbsp;&nbsp; 116941 |
| &nbsp;&nbsp;&nbsp; Alterra Mountain Co., 2025 Term Loan B8, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.66%, <br> 05/31/30<br>|  | 656 | &nbsp;&nbsp; 656069 |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands International Inc.)/New <br> Red Finance, Inc., 2024 Term Loan B6, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.91%, <br> 09/20/30<br>|  | 1161 | &nbsp;&nbsp; 1156149 |
| Caesars Entertainment, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, (1-mo. CME Term SOFR + <br> 2.25%), 6.41%, 02/06/31<br>|  | 1893 | &nbsp;&nbsp; 1886395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR + 2.25%), <br> 6.41%, 02/06/30<br>|  | 482 | &nbsp;&nbsp; 480032 |
| &nbsp;&nbsp;&nbsp; EOC Borrower LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 7.16%, 03/24/32<br>|  | 1877 | &nbsp;&nbsp; 1876356 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/NV, 2022 Term Loan B, (1-<br> mo. CME Term SOFR at 0.50% Floor + 3.25%), <br> 7.41%, 01/27/29<br>| USD | 2624 | &nbsp;&nbsp; $2619911 |
| Flutter Financing BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (3-mo. CME Term SOFR at 0.50% <br> Floor + 1.75%), 5.75%, 11/30/30<br>|  | 1693 | &nbsp;&nbsp; 1685951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (3-mo. CME Term SOFR at 0.50% <br> Floor + 2.00%), 6.00%, 06/04/32<br>|  | 693 | &nbsp;&nbsp; 691918 |
| &nbsp;&nbsp;&nbsp; Four Seasons Hotels Ltd., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 1.75%), 5.91%, <br> 09/22/32<br>|  | 1297 | &nbsp;&nbsp; 1298503 |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp., 2024 Term Loan B, (3-<br> mo. CME Term SOFR at 0.00% Floor + 4.75%), <br> 8.75%, 11/01/29<br>|  | 461 | &nbsp;&nbsp; 442581 |
| &nbsp;&nbsp;&nbsp; Herschend Entertainment Co. LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 7.41%, 05/27/32<br>|  | 487 | &nbsp;&nbsp; 488099 |
| &nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., Inc., 2023 Term Loan B4, <br> (1-mo. CME Term SOFR + 1.75%), 5.91%, 11/08/30<br>|  | 1350 | &nbsp;&nbsp; 1351227 |
| &nbsp;&nbsp;&nbsp; IRB Holding Corp., 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.75% Floor + 2.50%), 6.66%, <br> 12/15/27<br>|  | 948 | &nbsp;&nbsp; 947789 |
| &nbsp;&nbsp;&nbsp; Light & Wonder International, Inc., 2024 Term Loan B2, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.25%), <br> 6.39%, 04/14/29<br>|  | 656 | &nbsp;&nbsp; 656227 |
| &nbsp;&nbsp;&nbsp; Motion Finco SARL, 2024 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.50%, <br> 11/12/29<br>|  | 1040 | &nbsp;&nbsp; 930235 |
| &nbsp;&nbsp;&nbsp; Ontario Gaming GTA LP, Term Loan B, (3-mo. CME Term <br> SOFR at 0.50% Floor + 4.25%), 8.24%, 08/01/30<br>|  | 254 | &nbsp;&nbsp; 247537 |
| &nbsp;&nbsp;&nbsp; Penn Entertainment, Inc., 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.66%, <br> 05/03/29<br>|  | 1145 | &nbsp;&nbsp; 1143355 |
| Sabre GLBL, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.78%, 12/17/27<br>|  | 114 | &nbsp;&nbsp; 107590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.78%, 12/17/27<br>|  | 37 | &nbsp;&nbsp; 35222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> + 5.10%), 9.26%, 06/30/28<br>|  | 16 | &nbsp;&nbsp; 14912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 10.26%, 11/15/29<sup>(c)</sup><br>|  | 297 | &nbsp;&nbsp; 279424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 10.26%, 11/15/29<sup>(c)</sup><br>|  | 159 | &nbsp;&nbsp; 149120 |
| &nbsp;&nbsp;&nbsp; SeaWorld Parks & Entertainment, Inc., 2024 Term Loan <br> B3, (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 6.16%, 12/04/31<br>|  | 238 | &nbsp;&nbsp; 237092 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp., 2024 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.16%, 05/01/31<br>|  | 211 | &nbsp;&nbsp; 209496 |
| &nbsp;&nbsp;&nbsp; Station Casinos LLC, 2024 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 03/14/31<br>|  | 1392 | &nbsp;&nbsp; 1391304 |
| Turquoise Topco Ltd., Term Loan B, 08/13/32<sup>(p)</sup> |  | 416 | &nbsp;&nbsp; 416262 |
| &nbsp;&nbsp;&nbsp; Voyager Parent LLC, Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.75%), 8.75%, 07/01/32<br>|  | 639 | &nbsp;&nbsp; 639876 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| &nbsp;&nbsp;&nbsp; Whatabrands LLC, 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.66%, <br> 08/03/28<br>| USD | 584 | &nbsp;&nbsp; $584255 |
| &nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc., 2024 Term Loan, (1-<br> mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.91%, 05/24/30<br>|  | 678 | &nbsp;&nbsp; 680073 |
|  |  |  | &nbsp;&nbsp; 23526990 |
| **Household Durables — 0.8%** | **Household Durables — 0.8%** | **Household Durables — 0.8%** | **Household Durables — 0.8%** |
| &nbsp;&nbsp;&nbsp; AI Aqua Merger Sub, Inc., 2024 1st Lien Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 7.28%, 07/31/28<br>|  | 1250 | &nbsp;&nbsp; 1252456 |
| &nbsp;&nbsp;&nbsp; Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.25%), 7.25%, <br> 01/20/32<br>|  | 1153 | &nbsp;&nbsp; 1153169 |
| &nbsp;&nbsp;&nbsp; Somnigroup International, Inc., Term Loan B, (1-mo. <br> SOFR + 2.25%), 6.37%, 10/24/31<br>|  | 319 | &nbsp;&nbsp; 320233 |
| Springs Windows Fashions LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 First Lien Second Out Term Loan A2, (1-mo. <br> CME Term SOFR at 1.00% Floor + 4.11%), 8.28%, <br> 10/06/28<br>|  | 297 | &nbsp;&nbsp; 241726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 FLFO A1 Term Loan, (1-mo. CME Term SOFR at <br> 1.00% Floor + 4.50%), 8.66%, 12/19/29<br>|  | 129 | &nbsp;&nbsp; 128787 |
| Weber-Stephen Products LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 Term Loan B, 09/17/32<sup>(p)</sup> |  | 845 | &nbsp;&nbsp; 835494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR at 0.75% Floor <br> + 3.25%), 7.53%, 10/30/27<br>|  | 491 | &nbsp;&nbsp; 485158 |
|  |  |  | &nbsp;&nbsp; 4417023 |
| **Household Products — 0.1%** | **Household Products — 0.1%** | **Household Products — 0.1%** | **Household Products — 0.1%** |
| &nbsp;&nbsp;&nbsp; Lavender U.S. HoldCo 1, Inc., USD Term Loan, <br> 09/27/32<sup>(c)(p)</sup><br>|  | 471 | &nbsp;&nbsp; 471000 |
| &nbsp;&nbsp;&nbsp; Reynolds Consumer Products LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.91%, 03/04/32<br>|  | 208 | &nbsp;&nbsp; 207777 |
|  |  |  | &nbsp;&nbsp; 678777 |
| **Independent Power and Renewable Electricity Producers — 0.6%** | **Independent Power and Renewable Electricity Producers — 0.6%** | **Independent Power and Renewable Electricity Producers — 0.6%** | **Independent Power and Renewable Electricity Producers — 0.6%** |
| &nbsp;&nbsp;&nbsp; Calpine Construction Finance Co. LP, 2023 Refinancing <br> Term Loan B, (1-mo. CME Term SOFR at 0.00% Floor <br> + 2.00%), 6.16%, 07/31/30<br>|  | 931 | &nbsp;&nbsp; 930829 |
| &nbsp;&nbsp;&nbsp; Calpine Corp., 2024 Term Loan B10, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.91%, 01/31/31<br>|  | 410 | &nbsp;&nbsp; 409871 |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc., 2024 Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 6.06%, 04/16/31<br>|  | 1854 | &nbsp;&nbsp; 1853301 |
|  |  |  | &nbsp;&nbsp; 3194001 |
| **Industrial Conglomerates — 0.0%** | **Industrial Conglomerates — 0.0%** | **Industrial Conglomerates — 0.0%** | **Industrial Conglomerates — 0.0%** |
| &nbsp;&nbsp;&nbsp; Stitch Acquisition Corp., 2024 2nd Out Term Loan, (3-mo. <br> CME Term SOFR + 7.50%), 11.76%, 12/31/29<br>|  | 58 | &nbsp;&nbsp; 46977 |
| **Insurance — 4.4%** | **Insurance — 4.4%** | **Insurance — 4.4%** | **Insurance — 4.4%** |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.67%, 09/19/31<br>|  | 3455 | &nbsp;&nbsp; 3444584 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.75% Floor + 2.25%), 6.25%, <br> 01/30/32<br>|  | 1780 | &nbsp;&nbsp; 1779370 |
| &nbsp;&nbsp;&nbsp; Amynta Agency Borrower, Inc., 2025 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.91%, 12/29/31<br>|  | 1195 | &nbsp;&nbsp; 1189931 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| &nbsp;&nbsp;&nbsp; Ardonagh Group Finco Pty. Ltd., 2024 USD Term Loan <br> B, (3-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.94%, 02/15/31<br>| USD | 1245 | &nbsp;&nbsp; $1237985 |
| Asurion LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 2nd Lien Term Loan B3, (1-mo. CME Term <br> SOFR + 5.36%), 9.53%, 01/31/28<br>|  | 364 | &nbsp;&nbsp; 353990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term Loan B4, (1-mo. CME Term <br> SOFR + 5.36%), 9.53%, 01/20/29<br>|  | 538 | &nbsp;&nbsp; 513865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B11, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.35%), 8.51%, 08/19/28<br>|  | 778 | &nbsp;&nbsp; 780217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B12, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.25%), 8.41%, 09/19/30<br>|  | 174 | &nbsp;&nbsp; 173386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B13, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.25%), 8.41%, 09/19/30<br>|  | 1418 | &nbsp;&nbsp; 1407557 |
| &nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings LLC, 2025 Term Loan <br> B2, (3-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.64%, 05/26/31<br>|  | 511 | &nbsp;&nbsp; 510859 |
| &nbsp;&nbsp;&nbsp; Howden Group Holdings Ltd., 2024 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.50%), <br> 7.66%, 04/18/30<br>|  | 95 | &nbsp;&nbsp; 95420 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 6.58%, <br> 06/20/30<br>|  | 2153 | &nbsp;&nbsp; 2155583 |
| &nbsp;&nbsp;&nbsp; Hyperion Refinance SARL, 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.91%, 02/15/31<br>|  | 1118 | &nbsp;&nbsp; 1118029 |
| &nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance Management, Inc., <br> 2025 Term Loan B, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.75%), 7.06%, 03/15/30<br>|  | 580 | &nbsp;&nbsp; 576614 |
| &nbsp;&nbsp;&nbsp; OneDigital Borrower LLC, 2025 Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 7.16%, 07/02/31<br>|  | 132 | &nbsp;&nbsp; 131505 |
| &nbsp;&nbsp;&nbsp; Ryan Specialty LLC, 2024 USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 09/15/31<br>|  | 1204 | &nbsp;&nbsp; 1203361 |
| &nbsp;&nbsp;&nbsp; Sedgwick Claims Management Services, Inc., 2023 Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.50%), 6.66%, 07/31/31<br>|  | 2074 | &nbsp;&nbsp; 2071125 |
| Truist Insurance Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.75%), 6.75%, 05/06/31<br>|  | 2291 | &nbsp;&nbsp; 2287064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2nd Lien Term Loan, (3-mo. CME Term SOFR at <br> 0.00% Floor + 4.75%), 8.75%, 05/06/32<br>|  | 227 | &nbsp;&nbsp; 230741 |
| USI, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan C, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 6.25%, 09/29/30<br>|  | 1024 | &nbsp;&nbsp; 1021910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 6.25%, 11/21/29<br>|  | 1504 | &nbsp;&nbsp; 1502512 |
|  |  |  | &nbsp;&nbsp; 23785608 |
| **Interactive Media & Services — 0.4%** | **Interactive Media & Services — 0.4%** | **Interactive Media & Services — 0.4%** | **Interactive Media & Services — 0.4%** |
| MH Sub I LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan, (3-mo. CME Term SOFR at 0.50% <br> Floor + 4.25%), 8.25%, 05/03/28<br>|  | 356 | &nbsp;&nbsp; 341628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B4, (1-mo. CME Term SOFR at <br> 0.50% Floor + 4.25%), 8.41%, 12/31/31<br>|  | 321 | &nbsp;&nbsp; 294865 |
| &nbsp;&nbsp;&nbsp; Speedster Bidco GmbH, 2024 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.25%), 7.24%, <br> 12/10/31<br>|  | 1275 | &nbsp;&nbsp; 1276402 |
|  |  |  | &nbsp;&nbsp; 1912895 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Internet Software & Services — 1.5%** | **Internet Software & Services — 1.5%** | **Internet Software & Services — 1.5%** | **Internet Software & Services — 1.5%** |
| &nbsp;&nbsp;&nbsp; Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.50%), 8.81%, <br> 08/15/29<br>| USD | 653 | &nbsp;&nbsp; $545276 |
| &nbsp;&nbsp;&nbsp; CNT Holdings I Corp., 2025 Term Loan, (3-mo. CME <br> Term SOFR at 0.75% Floor + 2.25%), 6.56%, <br> 11/08/32<br>|  | 682 | &nbsp;&nbsp; 681840 |
| Gen Digital, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (1-mo. CME Term SOFR + <br> 1.75%), 5.91%, 09/12/29<br>|  | 1749 | &nbsp;&nbsp; 1743146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.50% <br> Floor + 1.75%), 5.91%, 04/16/32<br>|  | 272 | &nbsp;&nbsp; 271024 |
| Go Daddy Operating Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B7, (1-mo. CME Term SOFR + <br> 1.75%), 5.91%, 05/30/31<br>|  | 1149 | &nbsp;&nbsp; 1146702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 11/09/29<br>|  | 653 | &nbsp;&nbsp; 651904 |
| Proofpoint, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, (1-mo. CME Term SOFR at 0.50% <br> Floor + 3.00%), 7.16%, 08/31/28<br>|  | 1695 | &nbsp;&nbsp; 1699601 |
| &nbsp;&nbsp;&nbsp; 2025 Fungible Term Loan, 08/31/28<sup>(p)</sup> |  | 187 | &nbsp;&nbsp; 187488 |
| &nbsp;&nbsp;&nbsp; StubHub Holdco Sub LLC, 2024 Extended Term Loan B, <br> (1-mo. CME Term SOFR + 4.75%), 8.91%, 03/15/30<br>|  | 1241 | &nbsp;&nbsp; 1228179 |
|  |  |  | &nbsp;&nbsp; 8155160 |
| **IT Services — 2.6%** | **IT Services — 2.6%** | **IT Services — 2.6%** | **IT Services — 2.6%** |
| &nbsp;&nbsp;&nbsp; Amentum Holdings, Inc., 2024 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 6.41%, <br> 09/29/31<br>|  | 701 | &nbsp;&nbsp; 699966 |
| Avalara, Inc., 2025 Term Loan, 03/26/32<sup>(p)</sup> |  | 61 | &nbsp;&nbsp; 60830 |
| &nbsp;&nbsp;&nbsp; Capstone Borrower, Inc., 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.75%, <br> 06/17/30<br>|  | 722 | &nbsp;&nbsp; 720352 |
| &nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.75%), 7.94%, 12/09/31<br>|  | 1978 | &nbsp;&nbsp; 1977504 |
| &nbsp;&nbsp;&nbsp; Dayforce, Inc., 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 6.31%, 03/01/31<sup>(c)</sup><br>|  | 1315 | &nbsp;&nbsp; 1315400 |
| &nbsp;&nbsp;&nbsp; Finastra USA, Inc., 2025 1st Lien Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.00%), 8.04%, <br> 07/30/32<br>|  | 2131 | &nbsp;&nbsp; 2121112 |
| &nbsp;&nbsp;&nbsp; Fortress Intermediate 3, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.25%, <br> 06/27/31<br>|  | 310 | &nbsp;&nbsp; 310434 |
| Magenta Security Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 First Out Term Loan, (3-mo. CME Term SOFR at <br> 0.75% Floor + 7.01%), 11.32%, 07/27/28<br>|  | 202 | &nbsp;&nbsp; 164833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Second Out Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 7.26%), 11.57%, 07/27/28<br>|  | 209 | &nbsp;&nbsp; 90343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Third Out Term Loan, (3-mo. CME Term SOFR <br> at 0.75% Floor + 6.51%), 10.82%, 07/27/28<sup>(e)(j)</sup><br>|  | 566 | &nbsp;&nbsp; 112789 |
| &nbsp;&nbsp;&nbsp; McAfee Corp., 2024 USD 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 7.22%, <br> 03/01/29<br>|  | 1020 | &nbsp;&nbsp; 972397 |
| &nbsp;&nbsp;&nbsp; Peraton Corp., Term Loan B, (1-mo. CME Term SOFR at <br> 0.75% Floor + 3.85%), 8.01%, 02/01/28<br>|  | 960 | &nbsp;&nbsp; 808207 |
| &nbsp;&nbsp;&nbsp; Polaris Newco LLC, USD Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.26%), 8.57%, <br> 06/02/28<br>|  | 842 | &nbsp;&nbsp; 810317 |
| &nbsp;&nbsp;&nbsp; Project Alpha Intermediate Holding, Inc., 2024 1st Lien <br> Term Loan B, (3-mo. CME Term SOFR at 0.50% Floor <br> + 3.25%), 7.25%, 10/26/30<br>|  | 474 | &nbsp;&nbsp; 475255 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** |
| &nbsp;&nbsp;&nbsp; Quartz Acquireco LLC, 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 6.25%, <br> 06/28/30<br>| USD | 820 | &nbsp;&nbsp; $816191 |
| &nbsp;&nbsp;&nbsp; Skopima Consilio Parent LLC, 2024 Repriced Term <br> Loan, (1-mo. CME Term SOFR at 0.50% Floor + <br> 3.75%), 7.91%, 05/12/28<br>|  | 485 | &nbsp;&nbsp; 409272 |
| &nbsp;&nbsp;&nbsp; Tempo Acquisition LLC, 2025 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.91%, 08/31/28<br>|  | 533 | &nbsp;&nbsp; 520345 |
| &nbsp;&nbsp;&nbsp; X Corp., Term Loan, (3-mo. CME Term SOFR at 0.50% <br> Floor + 6.65%), 10.96%, 10/26/29<br>|  | 1562 | &nbsp;&nbsp; 1531311 |
|  |  |  | &nbsp;&nbsp; 13916858 |
| **Leisure Products — 0.2%** | **Leisure Products — 0.2%** | **Leisure Products — 0.2%** | **Leisure Products — 0.2%** |
| &nbsp;&nbsp;&nbsp; Bombardier Recreational Products, Inc., 2024 Term Loan <br> B4, 01/22/31<sup>(p)</sup><br>|  | 304 | &nbsp;&nbsp; 304192 |
| &nbsp;&nbsp;&nbsp; City Football Group Ltd., 2024 Term Loan, (1-mo. CME <br> Term SOFR at 0.50% Floor + 3.61%), 7.70%, <br> 07/22/30<br>|  | 698 | &nbsp;&nbsp; 697805 |
|  |  |  | &nbsp;&nbsp; 1001997 |
| **Machinery — 1.8%** | **Machinery — 1.8%** | **Machinery — 1.8%** | **Machinery — 1.8%** |
| &nbsp;&nbsp;&nbsp; Arcline FM Holdings LLC, 2025 Term Loan, (6-mo. CME <br> Term SOFR at 0.75% Floor + 3.50%), 7.58%, <br> 06/24/30<br>|  | 513 | &nbsp;&nbsp; 512315 |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc., 2024 Term Loan B, (3-mo. CME <br> Term SOFR + 2.50%), 6.79%, 03/15/30<br>|  | 256 | &nbsp;&nbsp; 256608 |
| &nbsp;&nbsp;&nbsp; Columbus McKinnon Corp., 2024 Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.50%, <br> 05/14/28<sup>(c)</sup><br>|  | 119 | &nbsp;&nbsp; 119597 |
| &nbsp;&nbsp;&nbsp; Generac Power Systems, Inc., 2024 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 6.03%, 07/03/31<br>|  | 153 | &nbsp;&nbsp; 154026 |
| &nbsp;&nbsp;&nbsp; GrafTech Global Enterprises, Inc., 2024 Term Loan, (1-<br> mo. CME Term SOFR at 2.00% Floor + 6.00%), <br> 10.16%, 12/21/29<br>|  | 105 | &nbsp;&nbsp; 106679 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd., 2024 Term Loan <br> B, (1-mo. CME Term SOFR at 0.00% Floor + 3.75%), <br> 7.75%, 02/15/29<br>|  | 2144 | &nbsp;&nbsp; 2148184 |
| &nbsp;&nbsp;&nbsp; Indicor LLC, 2024 USD 1st Lien Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.75%, <br> 11/22/29<br>|  | 414 | &nbsp;&nbsp; 414053 |
| &nbsp;&nbsp;&nbsp; Madison Safety & Flow LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.91%, <br> 09/26/31<br>|  | 285 | &nbsp;&nbsp; 284840 |
| &nbsp;&nbsp;&nbsp; SPX Flow, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.50% Floor + 2.75%), 6.91%, 04/05/29<br>|  | 1494 | &nbsp;&nbsp; 1499791 |
| &nbsp;&nbsp;&nbsp; TK Elevator U.S. Newco, Inc., 2025 USD Term Loan B, <br> (6-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 7.20%, 04/30/30<br>|  | 1363 | &nbsp;&nbsp; 1366130 |
| &nbsp;&nbsp;&nbsp; Vertiv Group Corp., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 6.03%, 08/12/32<br>|  | 2040 | &nbsp;&nbsp; 2041847 |
| &nbsp;&nbsp;&nbsp; WEC U.S. Holdings, Inc., 2024 Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 6.53%, <br> 01/27/31<br>|  | 1024 | &nbsp;&nbsp; 1024526 |
|  |  |  | &nbsp;&nbsp; 9928596 |
| **Media — 2.4%** | **Media — 2.4%** | **Media — 2.4%** | **Media — 2.4%** |
| Charter Communications Operating LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B4, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 6.29%, 12/07/30<br>|  | 634 | &nbsp;&nbsp; 633430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B5, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.54%, 12/15/31<br>|  | 483 | &nbsp;&nbsp; 483042 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp;&nbsp; Crown Finance U.S., Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 4.50%), 8.78%, <br> 12/02/31<br>| USD | 522 | &nbsp;&nbsp; $520282 |
| CSC Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2019 Term Loan B5, (Prime + 1.50%), 8.75%, <br> 04/15/27<br>|  | 1468 | &nbsp;&nbsp; 1419025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Term Loan B6, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.50%), 8.65%, 01/18/28<br>|  | 222 | &nbsp;&nbsp; 220448 |
| &nbsp;&nbsp;&nbsp; DirecTV Financing LLC, Term Loan, (3-mo. CME Term <br> SOFR at 0.75% Floor + 5.26%), 9.57%, 08/02/27<br>|  | 53 | &nbsp;&nbsp; 53333 |
| &nbsp;&nbsp;&nbsp; DK Crown Holdings, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 6.00%, <br> 03/04/32<br>|  | 1214 | &nbsp;&nbsp; 1212066 |
| &nbsp;&nbsp;&nbsp; ECL Entertainment LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 08/30/30<br>|  | 377 | &nbsp;&nbsp; 376293 |
| &nbsp;&nbsp;&nbsp; Gray Television, Inc., 2024 Term Loan B, (1-mo. CME <br> Term SOFR + 5.25%), 9.53%, 06/04/29<br>|  | 4 | &nbsp;&nbsp; 3498 |
| &nbsp;&nbsp;&nbsp; GVC Holdings Gibraltar Ltd., 2025 Term Loan B5 (2032), <br> 07/31/32<sup>(p)</sup><br>|  | 188 | &nbsp;&nbsp; 187623 |
| &nbsp;&nbsp;&nbsp; Learfield Communications LLC, 2024 Term Loan B, (1-<br> mo. CME Term SOFR at 0.00% Floor + 4.50%), <br> 8.66%, 06/30/28<br>|  | 357 | &nbsp;&nbsp; 359907 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc., Term Loan B4, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.85%), 5.99%, <br> 10/19/26<br>|  | 850 | &nbsp;&nbsp; 847956 |
| &nbsp;&nbsp;&nbsp; Radiate Holdco LLC, 2025 FLFO Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.61%, 1.50% <br> PIK), 9.28%, 09/25/29<sup>(i)</sup><br>|  | 2062 | &nbsp;&nbsp; 1660531 |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP, 2024 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 7.29%, 04/04/29<br>|  | 393 | &nbsp;&nbsp; 389267 |
| &nbsp;&nbsp;&nbsp; Telenet Financing USD LLC, 2020 USD Term Loan AR, <br> 04/30/28<sup>(p)</sup><br>|  | 180 | &nbsp;&nbsp; 178387 |
| &nbsp;&nbsp;&nbsp; UFC Holdings LLC, 1st Lien Term Loan B5, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 6.04%, <br> 11/21/31<br>|  | 1909 | &nbsp;&nbsp; 1911399 |
| &nbsp;&nbsp;&nbsp; Virgin Media Bristol LLC, 2020 USD Term Loan Q, (1-<br> mo. CME Term SOFR + 3.36%), 7.51%, 01/31/29<br>|  | 607 | &nbsp;&nbsp; 606417 |
| &nbsp;&nbsp;&nbsp; WMG Acquisition Corp., 2024 Term Loan J, (3-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.95%, <br> 01/24/31<br>|  | 1622 | &nbsp;&nbsp; 1622733 |
| &nbsp;&nbsp;&nbsp; Ziggo Financing Partnership, USD Term Loan I, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.61%), 6.76%, <br> 04/30/28<br>|  | 468 | &nbsp;&nbsp; 466740 |
|  |  |  | &nbsp;&nbsp; 13152377 |
| **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** |
| &nbsp;&nbsp;&nbsp; AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR + <br> 1.75%), 5.91%, 05/13/29<br>|  | 60 | &nbsp;&nbsp; 59646 |
| &nbsp;&nbsp;&nbsp; Covia Holdings LLC, 2025 Repriced Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.95%, <br> 02/26/32<br>|  | 218 | &nbsp;&nbsp; 219272 |
| &nbsp;&nbsp;&nbsp; Novelis Holdings, Inc., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.75%, <br> 03/11/32<br>|  | 1370 | &nbsp;&nbsp; 1372129 |
|  |  |  | &nbsp;&nbsp; 1651047 |
| **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** |
| Buckeye Partners LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 Term Loan B, 09/24/32<sup>(p)</sup> |  | 68 | &nbsp;&nbsp; 67740 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Buckeye Partners LP (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.91%, 11/22/30<br>| USD | 169 | &nbsp;&nbsp; $169211 |
| &nbsp;&nbsp;&nbsp; Colossus Acquireco LLC, Term Loan B, (3-mo. SOFR + <br> 1.75%), 5.87%, 07/30/32<br>|  | 888 | &nbsp;&nbsp; 882308 |
| &nbsp;&nbsp;&nbsp; EG America LLC, 2025 USD Repriced Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.70%, <br> 02/07/28<br>|  | 181 | &nbsp;&nbsp; 182014 |
| &nbsp;&nbsp;&nbsp; Freeport LNG Investments LLLP, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 3.25%), <br> 7.58%, 12/21/28<br>|  | 1131 | &nbsp;&nbsp; 1129970 |
| &nbsp;&nbsp;&nbsp; GIP Pilot Acquisition Partners LP, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 6.29%, 10/04/30<br>|  | 132 | &nbsp;&nbsp; 132064 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 6.15%, 02/11/30<br>|  | 441 | &nbsp;&nbsp; 440785 |
| &nbsp;&nbsp;&nbsp; M6 ETX Holdings II Midco LLC, 2025 Term Loan B, <br> (Prime + 2.00%), 9.25%, 04/01/32<br>|  | 327 | &nbsp;&nbsp; 327180 |
| &nbsp;&nbsp;&nbsp; Murphy USA, Inc., Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 6.03%, 04/07/32<br>|  | 173 | &nbsp;&nbsp; 174261 |
| &nbsp;&nbsp;&nbsp; Oryx Midstream Services Permian Basin LLC, 2025 Term <br> Loan B, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.25%), 6.42%, 10/05/28<br>|  | 1446 | &nbsp;&nbsp; 1444778 |
| &nbsp;&nbsp;&nbsp; Stakeholder Midstream LLC, Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 4.00%), 8.04%, <br> 01/01/31<br>|  | 352 | &nbsp;&nbsp; 352558 |
| &nbsp;&nbsp;&nbsp; Whitewater Matterhorn Holdings LLC, 2025 Term Loan <br> B, (3-mo. CME Term SOFR at 0.00% Floor + 2.25%), <br> 6.25%, 06/16/32<br>|  | 140 | &nbsp;&nbsp; 139847 |
|  |  |  | &nbsp;&nbsp; 5442716 |
| **Passenger Airlines — 0.8%** | **Passenger Airlines — 0.8%** | **Passenger Airlines — 0.8%** | **Passenger Airlines — 0.8%** |
| &nbsp;&nbsp;&nbsp; AAdvantage Loyalty IP Ltd., 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 7.58%, <br> 05/28/32<br>|  | 362 | &nbsp;&nbsp; 363450 |
| &nbsp;&nbsp;&nbsp; Air Canada, 2024 Term Loan B, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.00%), 6.17%, 03/21/31<br>|  | 825 | &nbsp;&nbsp; 823717 |
| American Airlines, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series AA, 2017 1st Lien Term Loan, (6-mo. CME <br> Term SOFR at 0.00% Floor + 1.85%), 5.98%, <br> 01/29/27<br>|  | 414 | &nbsp;&nbsp; 412794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 1st Lien Term Loan, (6-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 6.26%, 06/04/29<br>|  | 341 | &nbsp;&nbsp; 339814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (6-mo. CME Term SOFR <br> at 0.00% Floor + 2.25%), 6.50%, 02/15/28<br>|  | 650 | &nbsp;&nbsp; 648912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 6.58%, 04/20/28<br>|  | 487 | &nbsp;&nbsp; 485898 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.75%), 8.75%, <br> 08/27/29<br>|  | 596 | &nbsp;&nbsp; 570968 |
| &nbsp;&nbsp;&nbsp; United Airlines, Inc., 2024 1st Lien Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.20%, <br> 02/22/31<br>|  | 703 | &nbsp;&nbsp; 704186 |
|  |  |  | &nbsp;&nbsp; 4349739 |
| **Personal Care Products — 0.2%** | **Personal Care Products — 0.2%** | **Personal Care Products — 0.2%** | **Personal Care Products — 0.2%** |
| &nbsp;&nbsp;&nbsp; ACP Tara Holdings, Inc., 2025 Term Loan B, <br> 09/17/32<sup>(c)(p)</sup><br>|  | 140 | &nbsp;&nbsp; 140000 |
| &nbsp;&nbsp;&nbsp; Opal U.S. LLC, USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.25%), 7.25%, 04/28/32<br>|  | 980 | &nbsp;&nbsp; 981960 |
|  |  |  | &nbsp;&nbsp; 1121960 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** |
| &nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.50%), 7.66%, <br> 08/01/32<br>| USD | 1175 | &nbsp;&nbsp; $1173038 |
| &nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc., Term Loan B, (1-mo. CME <br> Term SOFR + 1.85%), 6.13%, 08/01/27<br>|  | 547 | &nbsp;&nbsp; 546452 |
| &nbsp;&nbsp;&nbsp; Endo Finance Holdings, Inc., 2024 1st Lien Term Loan, <br> 04/23/31<sup>(p)</sup><br>|  | 354 | &nbsp;&nbsp; 354623 |
| &nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp., Term Loan B, (3-mo. CME <br> Term SOFR at 0.75% Floor + 4.10%), 8.10%, <br> 10/01/27<br>|  | 430 | &nbsp;&nbsp; 422324 |
| &nbsp;&nbsp;&nbsp; Jazz Financing Lux SARL, 2024 1st Lien Term Loan B2, <br> (1-mo. CME Term SOFR + 2.25%), 6.41%, 05/05/28<br>|  | 1082 | &nbsp;&nbsp; 1082872 |
| &nbsp;&nbsp;&nbsp; Option Care Health, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.89%, <br> 09/16/32<br>|  | 876 | &nbsp;&nbsp; 874081 |
| &nbsp;&nbsp;&nbsp; Organon & Co., 2024 USD Term Loan, (1-mo. CME Term <br> SOFR at 0.50% Floor + 2.25%), 6.41%, 05/19/31<br>|  | 288 | &nbsp;&nbsp; 280102 |
| &nbsp;&nbsp;&nbsp; Perrigo Investments LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 04/20/29<br>|  | 330 | &nbsp;&nbsp; 329140 |
| &nbsp;&nbsp;&nbsp; PRA Health Sciences, Inc., 2024 US Term Loan B, (3-<br> mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 6.00%, 07/03/28<br>|  | 63 | &nbsp;&nbsp; 63180 |
| &nbsp;&nbsp;&nbsp; Vizient, Inc., 2024 Term Loan B, (1-mo. CME Term SOFR <br> at 0.50% Floor + 1.75%), 5.91%, 08/01/31<br>|  | 599 | &nbsp;&nbsp; 600162 |
|  |  |  | &nbsp;&nbsp; 5725974 |
| **Professional Services — 0.0%** | **Professional Services — 0.0%** | **Professional Services — 0.0%** | **Professional Services — 0.0%** |
| Deep Blue Operating I LLC, Term Loan, 09/17/32<sup>(p)</sup> |  | 164 | &nbsp;&nbsp; 164000 |
| **Real Estate Management & Development — 0.2%** | **Real Estate Management & Development — 0.2%** | **Real Estate Management & Development — 0.2%** | **Real Estate Management & Development — 0.2%** |
| &nbsp;&nbsp;&nbsp; CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.78%, 06/02/28<br>|  | 1054 | &nbsp;&nbsp; 1052456 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 2025 Term <br> Loan B3, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.75%), 6.91%, 01/31/30<br>|  | 284 | &nbsp;&nbsp; 284784 |
|  |  |  | &nbsp;&nbsp; 1337240 |
| **Semiconductors & Semiconductor Equipment — 0.3%** | **Semiconductors & Semiconductor Equipment — 0.3%** | **Semiconductors & Semiconductor Equipment — 0.3%** | **Semiconductors & Semiconductor Equipment — 0.3%** |
| &nbsp;&nbsp;&nbsp; Entegris, Inc., 2023 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.79%, 07/06/29<br>|  | 314 | &nbsp;&nbsp; 316021 |
| &nbsp;&nbsp;&nbsp; MKS Instruments, Inc., 2025 USD Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 6.17%, 08/17/29<br>|  | 1248 | &nbsp;&nbsp; 1246215 |
|  |  |  | &nbsp;&nbsp; 1562236 |
| **Software — 7.0%** | **Software — 7.0%** | **Software — 7.0%** | **Software — 7.0%** |
| &nbsp;&nbsp;&nbsp; Applied Systems, Inc., 2024 1st Lien Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 6.25%, <br> 02/24/31<br>|  | 2001 | &nbsp;&nbsp; 2001136 |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.91%, <br> 02/15/29<br>|  | 2293 | &nbsp;&nbsp; 2287528 |
| &nbsp;&nbsp;&nbsp; BCPE Pequod Buyer, Inc., USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.16%, <br> 11/25/31<br>|  | 678 | &nbsp;&nbsp; 679148 |
| &nbsp;&nbsp;&nbsp; Boxer Parent Co., Inc., 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 7.20%, <br> 07/30/31<br>|  | 1790 | &nbsp;&nbsp; 1786197 |
| &nbsp;&nbsp;&nbsp; CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME <br> Term SOFR + 2.00%), 6.16%, 01/23/32<br>|  | 1490 | &nbsp;&nbsp; 1487307 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** | **Software (continued)** |
| &nbsp;&nbsp;&nbsp; Central Parent LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.25%), 7.25%, <br> 07/06/29<br>| USD | 1563 | &nbsp;&nbsp; $1348662 |
| &nbsp;&nbsp;&nbsp; Clearwater Analytics LLC, 2025 Term Loan B, (6-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 6.46%, <br> 04/21/32<br>|  | 517 | &nbsp;&nbsp; 517000 |
| Cloud Software Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2031), (3-mo. CME Term SOFR at <br> 0.00% Floor + 3.25%), 7.25%, 03/21/31<br>|  | 1479 | &nbsp;&nbsp; 1484551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2032), (3-mo. CME Term SOFR at <br> 0.00% Floor + 3.25%), 7.25%, 08/13/32<br>|  | 2536 | &nbsp;&nbsp; 2543336 |
| &nbsp;&nbsp;&nbsp; Cloudera, Inc., 2021 Term Loan, (1-mo. CME Term <br> SOFR at 0.50% Floor + 3.85%), 8.01%, 10/08/28<br>|  | 365 | &nbsp;&nbsp; 358578 |
| &nbsp;&nbsp;&nbsp; Cotiviti, Inc., 2024 Term Loan, (1-mo. CME Term SOFR + <br> 2.75%), 7.03%, 05/01/31<br>|  | 1638 | &nbsp;&nbsp; 1606972 |
| &nbsp;&nbsp;&nbsp; DS Admiral Bidco LLC, 2024 Term Loan B, (1-mo. CME <br> Term SOFR + 4.25%), 8.41%, 06/26/31<br>|  | 347 | &nbsp;&nbsp; 346179 |
| Ellucian Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> at 0.50% Floor + 2.75%), 6.91%, 10/09/29<br>|  | 1742 | &nbsp;&nbsp; 1740691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 4.75%), 8.91%, 11/22/32<br>|  | 284 | &nbsp;&nbsp; 289916 |
| &nbsp;&nbsp;&nbsp; Epicor Software Corp., 2024 Term Loan F, (1-mo. CME <br> Term SOFR at 0.75% Floor + 2.50%), 6.66%, <br> 05/30/31<br>|  | 1698 | &nbsp;&nbsp; 1699284 |
| &nbsp;&nbsp;&nbsp; Genesys Cloud Services, Inc., 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.66%, 01/30/32<br>|  | 2830 | &nbsp;&nbsp; 2809270 |
| &nbsp;&nbsp;&nbsp; Informatica LLC, 2024 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 6.41%, 10/27/28<br>|  | 679 | &nbsp;&nbsp; 679661 |
| &nbsp;&nbsp;&nbsp; Kaseya, Inc., 2025 1st Lien Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 3.25%), 7.41%, <br> 03/20/32<br>|  | 1758 | &nbsp;&nbsp; 1759181 |
| Mitchell International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.25%), 7.41%, 06/17/31<br>|  | 1187 | &nbsp;&nbsp; 1185241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan, (1-mo. CME Term SOFR + <br> 5.25%), 9.41%, 06/17/32<br>|  | 191 | &nbsp;&nbsp; 188517 |
| &nbsp;&nbsp;&nbsp; Modena Buyer LLC, Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.50%), 8.81%, 07/01/31<br>|  | 286 | &nbsp;&nbsp; 282560 |
| &nbsp;&nbsp;&nbsp; Planview Parent, Inc., 2024 1st Lien Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.50%, <br> 12/17/27<br>|  | 179 | &nbsp;&nbsp; 176018 |
| &nbsp;&nbsp;&nbsp; PointClickCare Technologies, Inc., 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.75%, 11/03/31<br>|  | 520 | &nbsp;&nbsp; 520633 |
| &nbsp;&nbsp;&nbsp; Project Boost Purchaser LLC, 2025 Refinancing Term <br> Loan, (3-mo. CME Term SOFR at 0.00% Floor + <br> 2.75%), 7.07%, 07/16/31<br>|  | 1201 | &nbsp;&nbsp; 1197436 |
| &nbsp;&nbsp;&nbsp; RealPage, Inc., 1st Lien Term Loan, (3-mo. CME Term <br> SOFR + 3.26%), 7.26%, 04/24/28<br>|  | 925 | &nbsp;&nbsp; 922062 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc., 2024 Term Loan B8, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 6.16%, <br> 05/09/31<br>|  | 1740 | &nbsp;&nbsp; 1743420 |
| &nbsp;&nbsp;&nbsp; UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 2.50%), 6.81%, 02/10/31<br>|  | 1845 | &nbsp;&nbsp; 1843124 |
| &nbsp;&nbsp;&nbsp; VS Buyer LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 6.56%, 04/12/31<br>|  | 1534 | &nbsp;&nbsp; 1529295 |
| Waystar Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; 2025 Add-on Term Loan B, 10/22/29<sup>(p)</sup> |  | 258 | &nbsp;&nbsp; 258351 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Waystar Technologies, Inc. (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.00%), 6.16%, 10/22/29<br>| USD | 776 | &nbsp;&nbsp; $775519 |
| &nbsp;&nbsp;&nbsp; X.AI Corp., Term Loan, (6-mo. CME Term SOFR at <br> 0.00% Floor + 7.25%), 11.12%, 06/28/30<br>|  | 554 | &nbsp;&nbsp; 535049 |
| Zelis Payments Buyer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5th Amendment Term Loan, (1-mo. CME Term SOFR <br> at 0.00% Floor + 3.25%), 7.41%, 11/26/31<br>|  | 1185 | &nbsp;&nbsp; 1184452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR + 2.75%), <br> 6.91%, 09/28/29<br>|  | 638 | &nbsp;&nbsp; 636516 |
|  |  |  | &nbsp;&nbsp; 38402790 |
| **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** |
| &nbsp;&nbsp;&nbsp; LS Group OpCo Acquistion LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.70%, 04/23/31<br>|  | 512 | &nbsp;&nbsp; 510490 |
| Restoration Hardware, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2022 Incremental Term Loan, (1-mo. CME Term <br> SOFR at 0.50% Floor + 3.35%), 7.51%, 10/20/28<br>|  | 140 | &nbsp;&nbsp; 137231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor <br> + 2.61%), 6.78%, 10/20/28<br>|  | 306 | &nbsp;&nbsp; 297209 |
| &nbsp;&nbsp;&nbsp; Serta Simmons Bedding LLC, 2023 New Term Loan, <br> (3-mo. CME Term SOFR + 7.61%), 11.62%, 06/29/28<br>|  | 198 | &nbsp;&nbsp; 184754 |
|  |  |  | &nbsp;&nbsp; 1129684 |
| **Technology Hardware, Storage & Peripherals — 0.2%** | **Technology Hardware, Storage & Peripherals — 0.2%** | **Technology Hardware, Storage & Peripherals — 0.2%** | **Technology Hardware, Storage & Peripherals — 0.2%** |
| Cubic Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan B, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.51%), 8.83%, 05/25/29<br>|  | 1936 | &nbsp;&nbsp; 1103037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan C, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.51%), 8.57%, 05/25/29<br>|  | 278 | &nbsp;&nbsp; 158363 |
|  |  |  | &nbsp;&nbsp; 1261400 |
| **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** | **Textiles, Apparel & Luxury Goods — 0.2%** |
| ABG Intermediate Holdings 2 LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.25%), 6.41%, 12/21/28<br>|  | 704 | &nbsp;&nbsp; 702559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 6.41%, 02/13/32<br>|  | 353 | &nbsp;&nbsp; 352092 |
| &nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC, USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 7.31%, <br> 09/12/32<br>|  | 179 | &nbsp;&nbsp; 179747 |
|  |  |  | &nbsp;&nbsp; 1234398 |
| **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** | **Transportation Infrastructure — 0.1%** |
| &nbsp;&nbsp;&nbsp; OLA Netherlands BV, Term Loan, (1-mo. CME Term <br> SOFR at 0.75% Floor + 6.35%), 10.51%, 12/15/26<br>|  | 613 | &nbsp;&nbsp; 607902 |
| &nbsp;&nbsp;&nbsp; SIRVA Worldwide, Inc., 2024 Term Loan, (3-mo. CME <br> Term SOFR at 2.00% Floor + 8.00%), 12.20%, <br> 08/20/29<br>|  | 250 | &nbsp;&nbsp; 95182 |
|  |  |  | &nbsp;&nbsp; 703084 |
| **Wireless Telecommunication Services — 0.8%** | **Wireless Telecommunication Services — 0.8%** | **Wireless Telecommunication Services — 0.8%** | **Wireless Telecommunication Services — 0.8%** |
| &nbsp;&nbsp;&nbsp; Altice France SA, 2023 USD Term Loan B14, (3-mo. <br> CME Term SOFR at 0.00% Floor + 5.50%), 9.82%, <br> 08/15/28<sup>(c)</sup><br>|  | 1164 | &nbsp;&nbsp; 1123513 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Wireless Telecommunication Services (continued)** | **Wireless Telecommunication Services (continued)** | **Wireless Telecommunication Services (continued)** | **Wireless Telecommunication Services (continued)** |
| &nbsp;&nbsp;&nbsp; Digicel International Finance Ltd., 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 5.25%), <br> 9.49%, 08/06/32<br>| USD | 356 | &nbsp;&nbsp; $355555 |
| &nbsp;&nbsp;&nbsp; GOGO Intermediate Holdings LLC, Term Loan B, (1-mo. <br> CME Term SOFR + 3.86%), 8.03%, 04/30/28<br>|  | 363 | &nbsp;&nbsp; 359542 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc., 2025 Repriced Term Loan B4, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 7.42%, 03/29/32<br>|  | 1890 | &nbsp;&nbsp; 1890000 |
| &nbsp;&nbsp;&nbsp; Windstream Services, LLC, 2025 Term Loan B, <br> 09/24/32<sup>(c)(p)</sup><br>|  | 709 | &nbsp;&nbsp; 701910 |
|  |  |  | &nbsp;&nbsp; 4430520 |
| **Total Floating Rate Loan Interests — 59.1%** <br>**(Cost: $325,400,040)** | **Total Floating Rate Loan Interests — 59.1%** <br>**(Cost: $325,400,040)** | **Total Floating Rate Loan Interests — 59.1%** <br>**(Cost: $325,400,040)** | &nbsp;&nbsp; 323089486 |
| **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** | **Foreign Agency Obligations** |
| **Bahrain — 0.1%** | **Bahrain — 0.1%** | **Bahrain — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Bahrain Government International Bonds, 6.75%, <br> 09/20/29<sup>(d)</sup><br>|  | 200 | &nbsp;&nbsp; 209250 |
| **Bulgaria — 0.0%** | **Bulgaria — 0.0%** | **Bulgaria — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Bulgaria Government International Bonds, 5.00%, <br> 03/05/37<sup>(d)</sup><br>|  | 24 | &nbsp;&nbsp; 24024 |
| **Chile — 0.0%**  | **Chile — 0.0%**  | **Chile — 0.0%**  |  |
| &nbsp;&nbsp;&nbsp; Chile Government International Bonds, 4.34%, <br> 03/07/42<sup>(g)</sup><br>|  | 200 | &nbsp;&nbsp; 177000 |
| **Colombia — 0.1%** | **Colombia — 0.1%** | **Colombia — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Colombia Government International Bonds, 8.00%, <br> 04/20/33<sup>(g)</sup><br>|  | 200 | &nbsp;&nbsp; 218000 |
| **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** |  |
| Dominican Republic International Bonds<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/30/30 |  | 200 | &nbsp;&nbsp; 195800 |
| &nbsp;&nbsp;&nbsp; 7.05%, 02/03/31 |  | 150 | &nbsp;&nbsp; 161775 |
|  |  |  | &nbsp;&nbsp; 357575 |
| **Ecuador — 0.0%** | **Ecuador — 0.0%** | **Ecuador — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Ecuador Government International Bonds, 6.90%, <br> 07/31/30<sup>(b)(l)</sup><br>|  | 4 | &nbsp;&nbsp; 3910 |
| **Egypt — 0.0%** | **Egypt — 0.0%** | **Egypt — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Egypt Government International Bonds, 7.50%, <br> 02/16/61<sup>(b)</sup><br>|  | 200 | &nbsp;&nbsp; 156600 |
| **Hungary — 0.0%** | **Hungary — 0.0%** | **Hungary — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Hungary Government International Bonds, Series 10Y, <br> 5.38%, 09/12/33<sup>(d)</sup><br>| EUR | 39 | &nbsp;&nbsp; 49631 |
| **Morocco — 0.0%** | **Morocco — 0.0%** | **Morocco — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Morocco Government International Bonds, 2.38%, <br> 12/15/27<sup>(b)</sup><br>| USD | 200 | &nbsp;&nbsp; 191344 |
| **Romania — 0.1%** | **Romania — 0.1%** | **Romania — 0.1%** |  |
| Romania Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/25/27<sup>(b)</sup> |  | 62 | &nbsp;&nbsp; 62650 |
| &nbsp;&nbsp;&nbsp; 2.12%, 07/16/31<sup>(d)</sup> | EUR | 156 | &nbsp;&nbsp; 156137 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/11/32<sup>(b)</sup> |  | 15 | &nbsp;&nbsp; 18029 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Romania (continued)** | **Romania (continued)** | **Romania (continued)** |  |
| Romania Government International Bonds (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/10/34<sup>(b)</sup> | EUR | 33 | &nbsp;&nbsp; $39847 |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/11/39<sup>(b)</sup> |  | 13 | &nbsp;&nbsp; 15562 |
|  |  |  | &nbsp;&nbsp; 292225 |
| **South Africa — 0.0%** | **South Africa — 0.0%** | **South Africa — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government International <br> Bonds, 5.00%, 10/12/46<br>| USD | 230 | &nbsp;&nbsp; 172721 |
| **Total Foreign Agency Obligations — 0.4%** <br>**(Cost: $1,807,404)** | **Total Foreign Agency Obligations — 0.4%** <br>**(Cost: $1,807,404)** | **Total Foreign Agency Obligations — 0.4%** <br>**(Cost: $1,807,404)** | &nbsp;&nbsp; 1852280 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Investment Companies** | **Investment Companies** | **Investment Companies** |
| **Equity Funds — 0.0%** | **Equity Funds — 0.0%** |  |
| Hearthside Equity | 4335 | &nbsp;&nbsp; 83141 |
| **Fixed Income Funds — 0.3%** | **Fixed Income Funds — 0.3%** |  |
| Invesco Senior Loan ETF | 80000 | &nbsp;&nbsp; 1674400 |
| **Total Investment Companies — 0.3%** <br>**(Cost: $1,734,389)** | **Total Investment Companies — 0.3%** <br>**(Cost: $1,734,389)** | &nbsp;&nbsp; 1757541 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Non-Agency Mortgage-Backed Securities** | **Non-Agency Mortgage-Backed Securities** | **Non-Agency Mortgage-Backed Securities** | **Non-Agency Mortgage-Backed Securities** |
| **Collateralized Mortgage Obligations — 2.3%** | **Collateralized Mortgage Obligations — 2.3%** | **Collateralized Mortgage Obligations — 2.3%** | **Collateralized Mortgage Obligations — 2.3%** |
| Alternative Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-54CB, Class 3A4, 5.50%, 11/25/35 | USD | 939 | &nbsp;&nbsp; 498968 |
| &nbsp;&nbsp;&nbsp; Series 2006-J8, Class A5, 6.00%, 02/25/37 |  | 1730 | &nbsp;&nbsp; 652046 |
| &nbsp;&nbsp;&nbsp; Series 2007-19, Class 1A1, 6.00%, 08/25/37 |  | 530 | &nbsp;&nbsp; 243770 |
| CHL Mortgage Pass-Through Trust |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-17, Class 1A6, 5.50%, 09/25/35 |  | 67 | &nbsp;&nbsp; 66651 |
| &nbsp;&nbsp;&nbsp; Series 2006-17, Class A2, 6.00%, 12/25/36 |  | 611 | &nbsp;&nbsp; 266135 |
| &nbsp;&nbsp;&nbsp; Series 2007-HY5, Class 3A1, 4.85%, 09/25/37<sup>(a)</sup> |  | 148 | &nbsp;&nbsp; 137699 |
| COLT Mortgage Loan Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-9, Class A1, 6.79%, 12/25/67 |  | 183 | &nbsp;&nbsp; 182967 |
| &nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, 5.54%, 12/26/69 |  | 1312 | &nbsp;&nbsp; 1322115 |
| &nbsp;&nbsp;&nbsp; Series 2024-INV4, Class A1, 5.61%, 05/25/69 |  | 1142 | &nbsp;&nbsp; 1152345 |
| &nbsp;&nbsp;&nbsp; Ellington Financial Mortgage Trust, Series 2021-2, <br> Class A1, 0.93%, 06/25/66<sup>(a)(b)</sup><br>|  | 169 | &nbsp;&nbsp; 142196 |
| GCAT Trust<sup>(a)(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM3, Class A1, 4.35%, 04/25/67 |  | 1223 | &nbsp;&nbsp; 1218762 |
| &nbsp;&nbsp;&nbsp; Series 2024-INV4, Class A2, 5.50%, 12/25/54 |  | 886 | &nbsp;&nbsp; 889838 |
| &nbsp;&nbsp;&nbsp; GSR Mortgage Loan Trust, Series 2005-AR5, Class 2A3, <br> 4.72%, 10/25/35<sup>(a)</sup><br>|  | 290 | &nbsp;&nbsp; 144268 |
| &nbsp;&nbsp;&nbsp; Homes Trust, Series 2024-NQM2, Class A1, 5.72%, <br> 10/25/69<sup>(b)</sup><br>|  | 521 | &nbsp;&nbsp; 525605 |
| &nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust, Series 2022-DSC1, <br> Class A1, 4.75%, 01/25/63<sup>(a)(b)</sup><br>|  | 304 | &nbsp;&nbsp; 300681 |
| OBX Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM9, Class A1A, 6.45%, 09/25/62 |  | 67 | &nbsp;&nbsp; 66733 |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM6, Class A1, 6.52%, 07/25/63 |  | 686 | &nbsp;&nbsp; 692145 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM17, Class A1, 5.61%, 11/25/64<sup>(a)</sup> |  | 1074 | &nbsp;&nbsp; 1083065 |
| &nbsp;&nbsp;&nbsp; Sequoia Mortgage Trust, Series 2024-INV1, Class A3, <br> 5.50%, 10/25/54<sup>(a)(b)</sup><br>|  | 879 | &nbsp;&nbsp; 883395 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Collateralized Mortgage Obligations (continued)** | **Collateralized Mortgage Obligations (continued)** | **Collateralized Mortgage Obligations (continued)** | **Collateralized Mortgage Obligations (continued)** |
| &nbsp;&nbsp;&nbsp; Spruce Hill Mortgage Loan Trust, Series 2022-SH1, <br> Class A1A, 4.10%, 07/25/57<sup>(b)</sup><br>| USD | 488 | &nbsp;&nbsp; $484080 |
| Verus Securitization Trust<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-3, Class A1, 4.13%, 02/25/67 |  | 1119 | &nbsp;&nbsp; 1076884 |
| &nbsp;&nbsp;&nbsp; Series 2022-INV2, Class A1, 6.79%, 10/25/67 |  | 301 | &nbsp;&nbsp; 299800 |
|  |  |  | &nbsp;&nbsp; 12330148 |
| **Commercial Mortgage-Backed Securities**<sup>(b)</sup> **— 2.2%** | **Commercial Mortgage-Backed Securities**<sup>(b)</sup> **— 2.2%** | **Commercial Mortgage-Backed Securities**<sup>(b)</sup> **— 2.2%** | **Commercial Mortgage-Backed Securities**<sup>(b)</sup> **— 2.2%** |
| &nbsp;&nbsp;&nbsp; BFLD Commercial Mortgage Trust, Series 2024-UNIV, <br> Class D, (1-mo. Term SOFR + 2.69%), 6.84%, <br> 11/15/41<sup>(a)</sup><br>|  | 630 | &nbsp;&nbsp; 632362 |
| &nbsp;&nbsp;&nbsp; BHMS Commercial Mortgage Trust, Series 2025-ATLS, <br> Class A, (1-mo. Term SOFR + 1.85%), 6.00%, <br> 08/15/42<sup>(a)</sup><br>|  | 381 | &nbsp;&nbsp; 382074 |
| &nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, Series 2024-INDS, <br> Class D, (1-mo. Term SOFR + 2.59%), 6.74%, <br> 03/15/41<sup>(a)</sup><br>|  | 379 | &nbsp;&nbsp; 379057 |
| &nbsp;&nbsp;&nbsp; BPR Commercial Mortgage Trust, Series 2024-PARK, <br> Class D, 7.23%, 11/05/39<sup>(a)</sup><br>|  | 200 | &nbsp;&nbsp; 206353 |
| BX Commercial Mortgage Trust<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-CIP, Class A, (1-mo. Term SOFR + <br> 1.04%), 5.19%, 12/15/38<br>|  | 880 | &nbsp;&nbsp; 879095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-XL2, Class A, (1-mo. Term SOFR + <br> 0.80%), 4.95%, 10/15/38<br>|  | 131 | &nbsp;&nbsp; 130542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-MF, Class C, (1-mo. Term SOFR + <br> 1.94%), 6.09%, 02/15/39<br>|  | 451 | &nbsp;&nbsp; 452428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-XL4, Class C, (1-mo. Term SOFR + <br> 2.19%), 6.34%, 02/15/39<br>|  | 93 | &nbsp;&nbsp; 93065 |
| BX Trust<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022 VAMF, Class A, (1-mo. Term SOFR + <br> 0.85%), 5.00%, 01/15/39<br>|  | 1200 | &nbsp;&nbsp; 1198875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-BIO, Class C, (1-mo. Term SOFR + <br> 2.64%), 6.79%, 02/15/41<br>|  | 240 | &nbsp;&nbsp; 239175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CNYN, Class C, (1-mo. Term SOFR + <br> 1.94%), 6.09%, 04/15/41<br>|  | 615 | &nbsp;&nbsp; 615907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-PAT, Class B, (1-mo. Term SOFR + <br> 3.04%), 7.19%, 03/15/41<br>|  | 170 | &nbsp;&nbsp; 170000 |
| &nbsp;&nbsp;&nbsp; Century Plaza Towers, Series 2019-CPT, Class C, <br> 3.10%, 11/13/39<sup>(a)</sup><br>|  | 250 | &nbsp;&nbsp; 220651 |
| &nbsp;&nbsp;&nbsp; CONE Trust, Series 2024-DFW1, Class D, (1-mo. Term <br> SOFR + 3.04%), 7.19%, 08/15/41<sup>(a)</sup><br>|  | 660 | &nbsp;&nbsp; 659416 |
| DC Trust<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-HLTN, Class C, 7.29%, 04/13/40 |  | 220 | &nbsp;&nbsp; 219969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-LXP, Class B, (1-mo. Term SOFR + <br> 1.84%), 5.99%, 08/15/37<br>|  | 274 | &nbsp;&nbsp; 274086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-LXP, Class C, (1-mo. Term SOFR + <br> 2.24%), 6.39%, 08/15/37<br>|  | 293 | &nbsp;&nbsp; 293275 |
| GS Mortgage Securities Corp. Trust<sup>(a)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; (1-mo. Term SOFR + 3.45%), 7.59%, 11/25/41 |  | 900 | &nbsp;&nbsp; 899907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-800D, Class A, (1-mo. Term SOFR + <br> 2.65%), 6.79%, 11/25/41<br>|  | 195 | &nbsp;&nbsp; 195276 |
| &nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust, Series 2024-MRCO, <br> Class C, (1-mo. Term SOFR + 2.39%), 6.54%, <br> 06/15/39<sup>(a)</sup><br>|  | 800 | &nbsp;&nbsp; 801500 |
| &nbsp;&nbsp;&nbsp; MCR Mortgage Trust, Series 2024-TWA, Class E, <br> 8.73%, 06/12/39<br>|  | 790 | &nbsp;&nbsp; 803304 |
| &nbsp;&nbsp;&nbsp; MIC Trust, Series 2023-MIC, Class B, 9.86%, <br> 12/05/38<sup>(a)</sup><br>|  | 234 | &nbsp;&nbsp; 253546 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** | **Commercial Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; SELF Commercial Mortgage Trust, Series 2024-STRG, <br> Class D, (1-mo. Term SOFR + 2.94%), 7.09%, <br> 11/15/34<sup>(a)</sup><br>| USD | 270 | &nbsp;&nbsp; $269409 |
| VEGAS, Series 2024-GCS, Class D, 6.42%, 07/10/36<sup>(a)</sup> |  | 650 | &nbsp;&nbsp; 643001 |
| &nbsp;&nbsp;&nbsp; VRTX Trust, Series 2025-HQ, Class B, 5.67%, <br> 08/05/42<sup>(a)</sup><br>|  | 895 | &nbsp;&nbsp; 903879 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust, Series 2024-<br> BPRC, Class D, 7.08%, 07/15/43<br>|  | 250 | &nbsp;&nbsp; 251823 |
|  |  |  | &nbsp;&nbsp; 12067975 |
| **Total Non-Agency Mortgage-Backed Securities — 4.5%** <br>**(Cost: $25,243,742)** | **Total Non-Agency Mortgage-Backed Securities — 4.5%** <br>**(Cost: $25,243,742)** | **Total Non-Agency Mortgage-Backed Securities — 4.5%** <br>**(Cost: $25,243,742)** | &nbsp;&nbsp; 24398123 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Benefical* <br>*Interest (000)*<br>|  |
| **Other Interests** | **Other Interests** | **Other Interests** | **Other Interests** |
| **Capital Markets — 0.0%** | **Capital Markets — 0.0%** | **Capital Markets — 0.0%** |  |
| Millennium Lender Claim Trust<sup>(c)(q)</sup> | USD | 918 | &nbsp;&nbsp; — |
| **Industrial Conglomerates — 0.0%** | **Industrial Conglomerates — 0.0%** | **Industrial Conglomerates — 0.0%** |  |
| Millennium Corp.<sup>(c)(q)</sup> |  | 861 | &nbsp;&nbsp; — |
| **Total Other Interests — 0.0%** <br>**(Cost: $—)** | **Total Other Interests — 0.0%** <br>**(Cost: $—)** | **Total Other Interests — 0.0%** <br>**(Cost: $—)** | &nbsp;&nbsp; — |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **Preferred Securities** | **Preferred Securities** | **Preferred Securities** | **Preferred Securities** |
| **Capital Trusts — 6.6%**<sup>(a)</sup> | **Capital Trusts — 6.6%**<sup>(a)</sup> | **Capital Trusts — 6.6%**<sup>(a)</sup> | **Capital Trusts — 6.6%**<sup>(a)</sup> |
| **Banks — 3.4%** | **Banks — 3.4%** | **Banks — 3.4%** |  |
| Bank of America Corp., 6.63%<sup>(g)(o)</sup> | USD | 4260 | &nbsp;&nbsp; 4432483 |
| Barclays PLC<sup>(g)(o)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.38% |  | 2455 | &nbsp;&nbsp; 2355159 |
| &nbsp;&nbsp;&nbsp; 8.00% |  | 2200 | &nbsp;&nbsp; 2328803 |
| &nbsp;&nbsp;&nbsp; 9.63% |  | 805 | &nbsp;&nbsp; 913886 |
| ING Groep NV, 3.88%<sup>(g)(o)</sup> |  | 1750 | &nbsp;&nbsp; 1677734 |
| JPMorgan Chase & Co.<sup>(g)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series II, 6.73%<sup>(o)</sup> |  | 4000 | &nbsp;&nbsp; 4013044 |
| &nbsp;&nbsp;&nbsp; Series U, 5.51%, 01/15/87 |  | 325 | &nbsp;&nbsp; 302242 |
| Krung Thai Bank PCL/Cayman Islands, 4.40%<sup>(d)(o)</sup> |  | 202 | &nbsp;&nbsp; 200864 |
| Lloyds Banking Group PLC, 6.75%<sup>(g)(o)</sup> |  | 450 | &nbsp;&nbsp; 454747 |
| NatWest Group PLC, 8.13%<sup>(o)</sup> |  | 735 | &nbsp;&nbsp; 827430 |
| Nordea Bank Abp, 3.75%<sup>(b)(g)(o)</sup> |  | 560 | &nbsp;&nbsp; 519399 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc., Series W, <br> 6.25%<sup>(g)(o)</sup><br>|  | 619 | &nbsp;&nbsp; 635157 |
|  |  |  | &nbsp;&nbsp; 18660948 |
| **Capital Markets — 0.0%** | **Capital Markets — 0.0%** | **Capital Markets — 0.0%** |  |
| State Street Corp., 5.30%, 06/01/77 |  | 194 | &nbsp;&nbsp; 175550 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Electric Utilities**<sup>(g)</sup> **— 1.1%** | **Electric Utilities**<sup>(g)</sup> **— 1.1%** | **Electric Utilities**<sup>(g)</sup> **— 1.1%** |  |
| NextEra Energy Capital Holdings, Inc., 5.65%, 05/01/79 | USD | 3750 | &nbsp;&nbsp; $3769786 |
| PG&E Corp., 7.38%, 03/15/55 |  | 2078 | &nbsp;&nbsp; 2134834 |
|  |  |  | &nbsp;&nbsp; 5904620 |
| **Financial Services**<sup>(g)(o)</sup> **— 1.3%** | **Financial Services**<sup>(g)(o)</sup> **— 1.3%** | **Financial Services**<sup>(g)(o)</sup> **— 1.3%** |  |
| NatWest Group PLC, 6.00% |  | 1185 | &nbsp;&nbsp; 1186372 |
| UBS Group AG<sup>(b)</sup> <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series NC10, 9.25% |  | 4640 | &nbsp;&nbsp; 5525623 |
| &nbsp;&nbsp;&nbsp; Series NC5, 9.25% |  | 460 | &nbsp;&nbsp; 506696 |
|  |  |  | &nbsp;&nbsp; 7218691 |
| **Health Care Equipment & Supplies**<sup>(g)</sup> **— 0.6%** | **Health Care Equipment & Supplies**<sup>(g)</sup> **— 0.6%** | **Health Care Equipment & Supplies**<sup>(g)</sup> **— 0.6%** |  |
| CVS Health Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/10/54 |  | 635 | &nbsp;&nbsp; 655469 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/10/55 |  | 2605 | &nbsp;&nbsp; 2734581 |
|  |  |  | &nbsp;&nbsp; 3390050 |
| **Independent Power and Renewable Electricity Producers**<sup>(b)(o)</sup> **— 0.1%** | **Independent Power and Renewable Electricity Producers**<sup>(b)(o)</sup> **— 0.1%** | **Independent Power and Renewable Electricity Producers**<sup>(b)(o)</sup> **— 0.1%** |  |
| NRG Energy, Inc., 10.25%<sup>(g)</sup> |  | 475 | &nbsp;&nbsp; 517924 |
| Vistra Corp., 7.00% |  | 209 | &nbsp;&nbsp; 212191 |
|  |  |  | &nbsp;&nbsp; 730115 |
| **Utilities — 0.1%** | **Utilities — 0.1%** | **Utilities — 0.1%** |  |
| Electricite de France SA, 3.00%<sup>(d)(o)</sup> | EUR | 200 | &nbsp;&nbsp; 230781 |
|  |  |  | &nbsp;&nbsp; 36310755 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Preferred Stocks — 0.3%**<sup>(e)</sup> | **Preferred Stocks — 0.3%**<sup>(e)</sup> | **Preferred Stocks — 0.3%**<sup>(e)</sup> |
| **Capital Markets — 0.3%** | **Capital Markets — 0.3%** |  |
| Morgan Stanley, Series F<sup>(o)</sup> | 55000 | &nbsp;&nbsp; 1383250 |
| **Ground Transportation — 0.0%** | **Ground Transportation — 0.0%** |  |
| Sirva BGRS Holdings, Inc., 07/21/30 | 107 | &nbsp;&nbsp; 18660 |
| **IT Services**<sup>(c)</sup> **— 0.0%** | **IT Services**<sup>(c)</sup> **— 0.0%** |  |
| Veritas Kapital Assurance PLC |  |  |
| &nbsp;&nbsp;&nbsp; Series G | 2283 | &nbsp;&nbsp; 51939 |
| &nbsp;&nbsp;&nbsp; Series G-1 | 1576 | &nbsp;&nbsp; 35854 |
|  |  | &nbsp;&nbsp; 87793 |
|  |  | &nbsp;&nbsp; 1489703 |
| **Total Preferred Securities — 6.9%** <br>**(Cost: $36,778,013)** | **Total Preferred Securities — 6.9%** <br>**(Cost: $36,778,013)** | &nbsp;&nbsp; 37800458 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** | **U.S. Government Sponsored Agency Securities** |
| **Mortgage-Backed Securities**<sup>(g)</sup> **— 2.8%** | **Mortgage-Backed Securities**<sup>(g)</sup> **— 2.8%** | **Mortgage-Backed Securities**<sup>(g)</sup> **— 2.8%** |  |
| &nbsp;&nbsp;&nbsp; Freddie Mac Mortgage-Backed Securities, 4.00%, <br> 05/01/39<br>| USD | 761 | &nbsp;&nbsp; 748127 |
| Uniform Mortgage-Backed Securities |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/01/42 - 10/01/42 |  | 8078 | &nbsp;&nbsp; 7648447 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**(Percentages shown are based on Net Assets)**

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |  |
| Uniform Mortgage-Backed Securities (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/44 | USD | 1473 | &nbsp;&nbsp; $1469054 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/44 - 10/14/55<sup>(r)</sup> |  | 5170 | &nbsp;&nbsp; 5195115 |
|  |  |  | &nbsp;&nbsp; 15060743 |
| **Total U.S. Government Sponsored Agency Securities — 2.8%** <br>**(Cost: $14,761,335)** | **Total U.S. Government Sponsored Agency Securities — 2.8%** <br>**(Cost: $14,761,335)** | **Total U.S. Government Sponsored Agency Securities — 2.8%** <br>**(Cost: $14,761,335)** | &nbsp;&nbsp; 15060743 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Warrants** | **Warrants** | **Warrants** |
| **Financial Services — 0.0%** | **Financial Services — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Service King (Carnelian Point), (Exercisable 01/14/23, <br> 1 Share for 1 Warrant, Expires 06/30/27, Strike Price <br> USD 10.00)<sup>(e)</sup><br>| 1315 | &nbsp;&nbsp; — |
| **Total Warrants — 0.0%** <br>**(Cost: $—)** | **Total Warrants — 0.0%** <br>**(Cost: $—)** | &nbsp;&nbsp; — |
| **Total Long-Term Investments — 155.0%** <br>**(Cost: $842,291,533)** | **Total Long-Term Investments — 155.0%** <br>**(Cost: $842,291,533)** | &nbsp;&nbsp; 847031098 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.3%** | **Money Market Funds — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional <br> Shares, 4.01%<sup>(s)(t)</sup><br>| 1622279 | &nbsp;&nbsp; 1622279 |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | *Par* <br>*(000)*<br>|  |
| **U.S. Treasury Obligations — 5.2%** | **U.S. Treasury Obligations — 5.2%** | **U.S. Treasury Obligations — 5.2%** |  |
| U.S. Treasury Notes, 4.88%, 05/31/26<sup>(g)</sup> | USD | 28500 | &nbsp;&nbsp; 28689703 |
| **Total Short-Term Securities — 5.5%** <br>**(Cost: $30,145,028)** | **Total Short-Term Securities — 5.5%** <br>**(Cost: $30,145,028)** | **Total Short-Term Securities — 5.5%** <br>**(Cost: $30,145,028)** | &nbsp;&nbsp; 30311982 |
| **Total Investments — 160.5%** <br>**(Cost: $872,436,561)** | **Total Investments — 160.5%** <br>**(Cost: $872,436,561)** | **Total Investments — 160.5%** <br>**(Cost: $872,436,561)** | &nbsp;&nbsp; 877343080 |
| **Liabilities in Excess of Other Assets — (60.5)%** | **Liabilities in Excess of Other Assets — (60.5)%** | **Liabilities in Excess of Other Assets — (60.5)%** | &nbsp;&nbsp; (330859190)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $546483890 |

---

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

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(d)</sup> This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. 

<sup>(e)</sup> Non-income producing security.

<sup>(f)</sup> Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $187,740, representing less than 0.05% of its net assets as of period end, and an original cost of $22,469. 

<sup>(g)</sup> All or a portion of the security has been pledged as collateral in connection with outstanding reverse repurchase agreements. 

<sup>(h)</sup> When-issued security.

<sup>(i)</sup> Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. 

<sup>(j)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(k)</sup> Convertible security.

<sup>(l)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(m)</sup> Zero-coupon bond.

<sup>(n)</sup> Rounds to less than 1,000.

<sup>(o)</sup> Perpetual security with no stated maturity date.

<sup>(p)</sup> Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. 

<sup>(q)</sup> Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities. 

<sup>(r)</sup> Represents or includes a TBA transaction.

<sup>(s)</sup> Affiliate of the Fund.

<sup>(t)</sup> Annualized 7-day yield as of period end.

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended September 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*12/31/24*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*09/30/25*<br>| *Shares* <br>*Held at* <br>*09/30/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, T-Fund, Institutional Shares | $346004<br> $1276275 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $— | $1622279 | 1622279 | $109107 | $— |

---

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

<sup>(a)</sup> Represents net amount purchased (sold).

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Reverse Repurchase Agreements** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | &nbsp;&nbsp; *Trade* <br>*Date*<br>| &nbsp;&nbsp; *Maturity* <br>*Date*<sup>(a)</sup> <br>| *Face Value* | &nbsp;&nbsp; *Face Value* <br>*Including* <br>*Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining* <br>*Contractual Maturity* <br>*of the Agreements*<sup>(a)</sup> <br>|
| TD Securities (USA) LLC<br> 4.40 %<sup>(b)</sup><br>| 06/11/24 | Open | &nbsp;&nbsp;&nbsp; $297660 | &nbsp;&nbsp;&nbsp; $318538 | Corporate Bonds | Open/Demand |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank<br>4.34 <br><sup>(b)</sup><br>| 12/06/24 | Open | &nbsp;&nbsp;&nbsp; 162975 | &nbsp;&nbsp;&nbsp; 169386 | Corporate Bonds | Open/Demand |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank<br>4.25 <br><sup>(b)</sup><br>| 12/09/24 | Open | &nbsp;&nbsp;&nbsp; 662500 | &nbsp;&nbsp;&nbsp; 687804 | Corporate Bonds | Open/Demand |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank<br>4.27 <br><sup>(b)</sup><br>| 12/09/24 | Open | &nbsp;&nbsp;&nbsp; 178500 | &nbsp;&nbsp;&nbsp; 185347 | Corporate Bonds | Open/Demand |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank<br>4.27 <br><sup>(b)</sup><br>| 12/09/24 | Open | &nbsp;&nbsp;&nbsp; 342656 | &nbsp;&nbsp;&nbsp; 355800 | Corporate Bonds | Open/Demand |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank<br>4.34 <br><sup>(b)</sup><br>| 12/09/24 | Open | &nbsp;&nbsp;&nbsp; 322000 | &nbsp;&nbsp;&nbsp; 334537 | Corporate Bonds | Open/Demand |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank<br>4.30 <br><sup>(b)</sup><br>| 12/17/24 | Open | &nbsp;&nbsp;&nbsp; 424436 | &nbsp;&nbsp;&nbsp; 440369 | Corporate Bonds | Open/Demand |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank<br>4.34 <br><sup>(b)</sup><br>| 12/17/24 | Open | &nbsp;&nbsp;&nbsp; 243815 | &nbsp;&nbsp;&nbsp; 253046 | Corporate Bonds | Open/Demand |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank<br>4.36 <br><sup>(b)</sup><br>| 12/17/24 | Open | &nbsp;&nbsp;&nbsp; 623290 | &nbsp;&nbsp;&nbsp; 646987 | Corporate Bonds | Open/Demand |
| Barclays Bank PLC<br> 4.24 <br><sup>(b)</sup><br>| 04/03/25 | Open | &nbsp;&nbsp;&nbsp; 892500 | &nbsp;&nbsp;&nbsp; 912648 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 4.36 <br><sup>(b)</sup><br>| 05/06/25 | Open | &nbsp;&nbsp;&nbsp; 394313 | &nbsp;&nbsp;&nbsp; 401786 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC<br> 4.20 <br><sup>(b)</sup><br>| 05/19/25 | Open | &nbsp;&nbsp;&nbsp; 223215 | &nbsp;&nbsp;&nbsp; 226940 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC<br> 4.30 <br><sup>(b)</sup><br>| 05/19/25 | Open | &nbsp;&nbsp;&nbsp; 354469 | &nbsp;&nbsp;&nbsp; 360517 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC<br> 4.30 <br><sup>(b)</sup><br>| 05/19/25 | Open | &nbsp;&nbsp;&nbsp; 685882 | &nbsp;&nbsp;&nbsp; 697585 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC<br> 4.30 <br><sup>(b)</sup><br>| 05/19/25 | Open | &nbsp;&nbsp;&nbsp; 211331 | &nbsp;&nbsp;&nbsp; 214937 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC<br> 4.30 <br><sup>(b)</sup><br>| 05/19/25 | Open | &nbsp;&nbsp;&nbsp; 198300 | &nbsp;&nbsp;&nbsp; 201683 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC<br> 4.30 <br><sup>(b)</sup><br>| 05/19/25 | Open | &nbsp;&nbsp;&nbsp; 333856 | &nbsp;&nbsp;&nbsp; 339553 | Capital Trusts | Open/Demand |
| TD Securities (USA) LLC<br> 4.50 <br><sup>(b)</sup><br>| 05/23/25 | Open | &nbsp;&nbsp;&nbsp; 359159 | &nbsp;&nbsp;&nbsp; 365040 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC<br> 4.30 <br><sup>(b)</sup><br>| 06/05/25 | Open | &nbsp;&nbsp;&nbsp; 103598 | &nbsp;&nbsp;&nbsp; 105143 | Corporate Bonds | Open/Demand |
| HSBC Bank PLC<br> 4.40 <br><sup>(b)</sup><br>| 06/16/25 | Open | &nbsp;&nbsp;&nbsp; 756551 | &nbsp;&nbsp;&nbsp; 767007 | Corporate Bonds | Open/Demand |
| HSBC Bank PLC<br> 4.40 <br><sup>(b)</sup><br>| 06/16/25 | Open | &nbsp;&nbsp;&nbsp; 784350 | &nbsp;&nbsp;&nbsp; 794724 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 06/30/25 | Open | &nbsp;&nbsp;&nbsp; 564785 | &nbsp;&nbsp;&nbsp; 571584 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.07 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 87010 | &nbsp;&nbsp;&nbsp; 87971 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.10 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 1186905 | &nbsp;&nbsp;&nbsp; 1200099 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.15 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 1396752 | &nbsp;&nbsp;&nbsp; 1412458 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.17 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 202991 | &nbsp;&nbsp;&nbsp; 205284 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.17 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 123471 | &nbsp;&nbsp;&nbsp; 124866 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.18 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 220656 | &nbsp;&nbsp;&nbsp; 223154 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 132300 | &nbsp;&nbsp;&nbsp; 133811 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 362381 | &nbsp;&nbsp;&nbsp; 366521 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.22 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 113050 | &nbsp;&nbsp;&nbsp; 114341 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 378784 | &nbsp;&nbsp;&nbsp; 383121 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 97240 | &nbsp;&nbsp;&nbsp; 98353 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 755055 | &nbsp;&nbsp;&nbsp; 763700 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 253048 | &nbsp;&nbsp;&nbsp; 255945 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 93804 | &nbsp;&nbsp;&nbsp; 94878 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 287820 | &nbsp;&nbsp;&nbsp; 291115 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 1333630 | &nbsp;&nbsp;&nbsp; 1348899 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 131198 | &nbsp;&nbsp;&nbsp; 132700 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 271102 | &nbsp;&nbsp;&nbsp; 274206 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.25 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 199971 | &nbsp;&nbsp;&nbsp; 202194 | Foreign Agency Obligations | Open/Demand |
| Nomura Securities International, Inc.<br> 4.25 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 162572 | &nbsp;&nbsp;&nbsp; 164442 | Foreign Agency Obligations | Open/Demand |
| Nomura Securities International, Inc.<br> 4.32 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 190328 | &nbsp;&nbsp;&nbsp; 192550 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.32 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 1409857 | &nbsp;&nbsp;&nbsp; 1426323 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.37 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 107068 | &nbsp;&nbsp;&nbsp; 108332 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 326711 | &nbsp;&nbsp;&nbsp; 330594 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 370975 | &nbsp;&nbsp;&nbsp; 375383 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 769620 | &nbsp;&nbsp;&nbsp; 778766 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 718065 | &nbsp;&nbsp;&nbsp; 726598 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 218364 | &nbsp;&nbsp;&nbsp; 220959 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 906342 | &nbsp;&nbsp;&nbsp; 917113 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 603341 | &nbsp;&nbsp;&nbsp; 610511 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 206447 | &nbsp;&nbsp;&nbsp; 208900 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 320050 | &nbsp;&nbsp;&nbsp; 323853 | Corporate Bonds | Open/Demand |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| Nomura Securities International, Inc.<br> 4.40 %<sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; $747786 | &nbsp;&nbsp;&nbsp; $756672 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 39510 | &nbsp;&nbsp;&nbsp; 39980 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 507566 | &nbsp;&nbsp;&nbsp; 513598 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 305786 | &nbsp;&nbsp;&nbsp; 309420 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 171840 | &nbsp;&nbsp;&nbsp; 173882 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 801950 | &nbsp;&nbsp;&nbsp; 811480 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 313700 | &nbsp;&nbsp;&nbsp; 317428 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 3480000 | &nbsp;&nbsp;&nbsp; 3521354 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 139732 | &nbsp;&nbsp;&nbsp; 141392 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 348985 | &nbsp;&nbsp;&nbsp; 353132 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 773272 | &nbsp;&nbsp;&nbsp; 782462 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.40 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 265399 | &nbsp;&nbsp;&nbsp; 268553 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.42 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 195110 | &nbsp;&nbsp;&nbsp; 197439 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.42 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 225900 | &nbsp;&nbsp;&nbsp; 228596 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 4.36 <br><sup>(b)</sup><br>| 07/01/25 | Open | &nbsp;&nbsp;&nbsp; 334763 | &nbsp;&nbsp;&nbsp; 338706 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.30 <br><sup>(b)</sup><br>| 07/10/25 | Open | &nbsp;&nbsp;&nbsp; 28820625 | &nbsp;&nbsp;&nbsp; 29115518 | U.S. Treasury Obligations | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 4.36 <br><sup>(b)</sup><br>| 07/10/25 | Open | &nbsp;&nbsp;&nbsp; 1454782 | &nbsp;&nbsp;&nbsp; 1470245 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 175519 | &nbsp;&nbsp;&nbsp; 177248 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.24 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 702187 | &nbsp;&nbsp;&nbsp; 709106 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.25 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 957500 | &nbsp;&nbsp;&nbsp; 966955 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.25 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 430500 | &nbsp;&nbsp;&nbsp; 434751 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.25 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1155000 | &nbsp;&nbsp;&nbsp; 1166406 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.26 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 266000 | &nbsp;&nbsp;&nbsp; 268633 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.26 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 343125 | &nbsp;&nbsp;&nbsp; 346521 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.30 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 477202 | &nbsp;&nbsp;&nbsp; 481967 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.30 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 294938 | &nbsp;&nbsp;&nbsp; 297882 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.30 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 364808 | &nbsp;&nbsp;&nbsp; 368450 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.30 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 260618 | &nbsp;&nbsp;&nbsp; 263220 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.35 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 179438 | &nbsp;&nbsp;&nbsp; 181249 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.35 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 293738 | &nbsp;&nbsp;&nbsp; 296703 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.35 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 371535 | &nbsp;&nbsp;&nbsp; 375285 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.38 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 493756 | &nbsp;&nbsp;&nbsp; 498773 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.39 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 744199 | &nbsp;&nbsp;&nbsp; 751776 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.39 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1135800 | &nbsp;&nbsp;&nbsp; 1147365 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 313465 | &nbsp;&nbsp;&nbsp; 316664 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 201258 | &nbsp;&nbsp;&nbsp; 203312 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 109656 | &nbsp;&nbsp;&nbsp; 110775 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 256773 | &nbsp;&nbsp;&nbsp; 259393 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 368010 | &nbsp;&nbsp;&nbsp; 371765 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 384178 | &nbsp;&nbsp;&nbsp; 388098 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 482220 | &nbsp;&nbsp;&nbsp; 487141 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 644580 | &nbsp;&nbsp;&nbsp; 651157 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 700290 | &nbsp;&nbsp;&nbsp; 707436 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 293590 | &nbsp;&nbsp;&nbsp; 296586 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 469700 | &nbsp;&nbsp;&nbsp; 474493 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1751306 | &nbsp;&nbsp;&nbsp; 1769177 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 284760 | &nbsp;&nbsp;&nbsp; 287666 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 316969 | &nbsp;&nbsp;&nbsp; 320203 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 563296 | &nbsp;&nbsp;&nbsp; 569044 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1326640 | &nbsp;&nbsp;&nbsp; 1340177 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1963987 | &nbsp;&nbsp;&nbsp; 1984028 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 550435 | &nbsp;&nbsp;&nbsp; 556052 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 215934 | &nbsp;&nbsp;&nbsp; 218137 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 910331 | &nbsp;&nbsp;&nbsp; 919620 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 970961 | &nbsp;&nbsp;&nbsp; 980869 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 350156 | &nbsp;&nbsp;&nbsp; 353729 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 198753 | &nbsp;&nbsp;&nbsp; 200781 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1345741 | &nbsp;&nbsp;&nbsp; 1359473 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 236961 | &nbsp;&nbsp;&nbsp; 239379 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 121270 | &nbsp;&nbsp;&nbsp; 122507 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 712208 | &nbsp;&nbsp;&nbsp; 719475 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1522937 | &nbsp;&nbsp;&nbsp; 1538478 | Capital Trusts | Open/Demand |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| TD Securities (USA) LLC<br> 4.40 %<sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; $496162 | &nbsp;&nbsp;&nbsp; $501225 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 266159 | &nbsp;&nbsp;&nbsp; 268875 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 4341601 | &nbsp;&nbsp;&nbsp; 4385904 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 316220 | &nbsp;&nbsp;&nbsp; 319447 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 654720 | &nbsp;&nbsp;&nbsp; 661401 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 397593 | &nbsp;&nbsp;&nbsp; 401650 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 306791 | &nbsp;&nbsp;&nbsp; 309922 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 147420 | &nbsp;&nbsp;&nbsp; 148924 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 474386 | &nbsp;&nbsp;&nbsp; 479227 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 411300 | &nbsp;&nbsp;&nbsp; 415497 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 137445 | &nbsp;&nbsp;&nbsp; 138847 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 379494 | &nbsp;&nbsp;&nbsp; 383366 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 302773 | &nbsp;&nbsp;&nbsp; 305862 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 389253 | &nbsp;&nbsp;&nbsp; 393224 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1267971 | &nbsp;&nbsp;&nbsp; 1280909 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 47073 | &nbsp;&nbsp;&nbsp; 47553 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 182286 | &nbsp;&nbsp;&nbsp; 184146 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 1310985 | &nbsp;&nbsp;&nbsp; 1324362 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 381175 | &nbsp;&nbsp;&nbsp; 385065 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 195113 | &nbsp;&nbsp;&nbsp; 197103 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 256328 | &nbsp;&nbsp;&nbsp; 258943 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 232645 | &nbsp;&nbsp;&nbsp; 235019 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 375868 | &nbsp;&nbsp;&nbsp; 379711 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 480231 | &nbsp;&nbsp;&nbsp; 485142 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 394685 | &nbsp;&nbsp;&nbsp; 398721 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 201056 | &nbsp;&nbsp;&nbsp; 203112 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 247510 | &nbsp;&nbsp;&nbsp; 250041 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 197736 | &nbsp;&nbsp;&nbsp; 199758 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 282926 | &nbsp;&nbsp;&nbsp; 285819 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 555019 | &nbsp;&nbsp;&nbsp; 560694 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 186200 | &nbsp;&nbsp;&nbsp; 188104 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 505249 | &nbsp;&nbsp;&nbsp; 510415 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 259538 | &nbsp;&nbsp;&nbsp; 262192 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 3286985 | &nbsp;&nbsp;&nbsp; 3320598 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 354344 | &nbsp;&nbsp;&nbsp; 357967 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 321725 | &nbsp;&nbsp;&nbsp; 325015 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 557720 | &nbsp;&nbsp;&nbsp; 563423 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 182408 | &nbsp;&nbsp;&nbsp; 184273 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 367225 | &nbsp;&nbsp;&nbsp; 370980 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 315060 | &nbsp;&nbsp;&nbsp; 318282 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 268886 | &nbsp;&nbsp;&nbsp; 271636 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 109335 | &nbsp;&nbsp;&nbsp; 110453 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 224208 | &nbsp;&nbsp;&nbsp; 226500 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 370116 | &nbsp;&nbsp;&nbsp; 373901 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 152030 | &nbsp;&nbsp;&nbsp; 153585 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 237440 | &nbsp;&nbsp;&nbsp; 239868 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 332350 | &nbsp;&nbsp;&nbsp; 335749 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 112391 | &nbsp;&nbsp;&nbsp; 113541 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 243508 | &nbsp;&nbsp;&nbsp; 245998 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 4.36 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 909242 | &nbsp;&nbsp;&nbsp; 918441 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 4.36 <br><sup>(b)</sup><br>| 07/14/25 | Open | &nbsp;&nbsp;&nbsp; 841252 | &nbsp;&nbsp;&nbsp; 849763 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/15/25 | Open | &nbsp;&nbsp;&nbsp; 1110240 | &nbsp;&nbsp;&nbsp; 1121426 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/18/25 | Open | &nbsp;&nbsp;&nbsp; 122230 | &nbsp;&nbsp;&nbsp; 123414 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 4.36 <br><sup>(b)</sup><br>| 07/18/25 | Open | &nbsp;&nbsp;&nbsp; 690046 | &nbsp;&nbsp;&nbsp; 696673 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.14 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 648450 | &nbsp;&nbsp;&nbsp; 654143 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.19 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 3760000 | &nbsp;&nbsp;&nbsp; 3793389 | Capital Trusts | Open/Demand |
| BNP Paribas SA<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 121063 | &nbsp;&nbsp;&nbsp; 122150 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.25 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1297687 | &nbsp;&nbsp;&nbsp; 1309367 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.25 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 437250 | &nbsp;&nbsp;&nbsp; 441185 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.28 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 474375 | &nbsp;&nbsp;&nbsp; 478673 | Capital Trusts | Open/Demand |
| BNP Paribas SA<br> 4.31 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 509269 | &nbsp;&nbsp;&nbsp; 513913 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.32 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 4126875 | &nbsp;&nbsp;&nbsp; 4164595 | Capital Trusts | Open/Demand |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| BNP Paribas SA<br> 4.35 %<sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; $3205000 | &nbsp;&nbsp;&nbsp; $3233781 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.37 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1862080 | &nbsp;&nbsp;&nbsp; 1879286 | Capital Trusts | Open/Demand |
| BNP Paribas SA<br> 4.38 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 812212 | &nbsp;&nbsp;&nbsp; 819734 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.38 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1617019 | &nbsp;&nbsp;&nbsp; 1631992 | Corporate Bonds | Open/Demand |
| BNP Paribas SA<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1623000 | &nbsp;&nbsp;&nbsp; 1638094 | Capital Trusts | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.15 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 247180 | &nbsp;&nbsp;&nbsp; 249355 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.15 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 982350 | &nbsp;&nbsp;&nbsp; 990995 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.20 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 462590 | &nbsp;&nbsp;&nbsp; 466707 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.21 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 230145 | &nbsp;&nbsp;&nbsp; 232198 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.22 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 625975 | &nbsp;&nbsp;&nbsp; 631571 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 154000 | &nbsp;&nbsp;&nbsp; 155383 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1045791 | &nbsp;&nbsp;&nbsp; 1055182 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 936424 | &nbsp;&nbsp;&nbsp; 944833 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 115094 | &nbsp;&nbsp;&nbsp; 116127 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 224910 | &nbsp;&nbsp;&nbsp; 226930 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 484440 | &nbsp;&nbsp;&nbsp; 488790 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 461092 | &nbsp;&nbsp;&nbsp; 465233 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 100595 | &nbsp;&nbsp;&nbsp; 101498 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 746000 | &nbsp;&nbsp;&nbsp; 752699 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.25 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 789312 | &nbsp;&nbsp;&nbsp; 796416 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.29 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 167200 | &nbsp;&nbsp;&nbsp; 168718 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.35 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 350509 | &nbsp;&nbsp;&nbsp; 353733 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.35 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 634432 | &nbsp;&nbsp;&nbsp; 640130 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.35 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 792321 | &nbsp;&nbsp;&nbsp; 799611 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.35 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 500225 | &nbsp;&nbsp;&nbsp; 504677 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.35 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 62563 | &nbsp;&nbsp;&nbsp; 63124 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.38 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1435764 | &nbsp;&nbsp;&nbsp; 1449059 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.38 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 618445 | &nbsp;&nbsp;&nbsp; 624172 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.38 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 777225 | &nbsp;&nbsp;&nbsp; 784422 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.38 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 1100416 | &nbsp;&nbsp;&nbsp; 1110606 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.39 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 217789 | &nbsp;&nbsp;&nbsp; 219810 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 593667 | &nbsp;&nbsp;&nbsp; 599188 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 657792 | &nbsp;&nbsp;&nbsp; 663909 | Capital Trusts | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 215865 | &nbsp;&nbsp;&nbsp; 217873 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 791798 | &nbsp;&nbsp;&nbsp; 799162 | Capital Trusts | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 95798 | &nbsp;&nbsp;&nbsp; 96688 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 184092 | &nbsp;&nbsp;&nbsp; 185804 | Capital Trusts | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 173250 | &nbsp;&nbsp;&nbsp; 174861 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 243840 | &nbsp;&nbsp;&nbsp; 246108 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 2419312 | &nbsp;&nbsp;&nbsp; 2441812 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.40 <br><sup>(b)</sup><br>| 07/21/25 | Open | &nbsp;&nbsp;&nbsp; 209050 | &nbsp;&nbsp;&nbsp; 210994 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc.<br> 4.23 <br><sup>(b)</sup><br>| 07/22/25 | Open | &nbsp;&nbsp;&nbsp; 309825 | &nbsp;&nbsp;&nbsp; 312562 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/23/25 | Open | &nbsp;&nbsp;&nbsp; 447942 | &nbsp;&nbsp;&nbsp; 451853 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/23/25 | Open | &nbsp;&nbsp;&nbsp; 371850 | &nbsp;&nbsp;&nbsp; 375096 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/23/25 | Open | &nbsp;&nbsp;&nbsp; 273458 | &nbsp;&nbsp;&nbsp; 275845 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.35 <br><sup>(b)</sup><br>| 07/23/25 | Open | &nbsp;&nbsp;&nbsp; 172226 | &nbsp;&nbsp;&nbsp; 173767 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/23/25 | Open | &nbsp;&nbsp;&nbsp; 644725 | &nbsp;&nbsp;&nbsp; 650554 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 4.36 <br><sup>(b)</sup><br>| 07/23/25 | Open | &nbsp;&nbsp;&nbsp; 748572 | &nbsp;&nbsp;&nbsp; 755283 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc.<br> 4.36 <br><sup>(b)</sup><br>| 07/23/25 | Open | &nbsp;&nbsp;&nbsp; 714139 | &nbsp;&nbsp;&nbsp; 720540 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/24/25 | Open | &nbsp;&nbsp;&nbsp; 133354 | &nbsp;&nbsp;&nbsp; 134545 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.41 <br><sup>(b)</sup><br>| 07/24/25 | Open | &nbsp;&nbsp;&nbsp; 232623 | &nbsp;&nbsp;&nbsp; 234700 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.24 <br><sup>(b)</sup><br>| 07/25/25 | Open | &nbsp;&nbsp;&nbsp; 221921 | &nbsp;&nbsp;&nbsp; 223803 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.30 <br><sup>(b)</sup><br>| 07/25/25 | Open | &nbsp;&nbsp;&nbsp; 249935 | &nbsp;&nbsp;&nbsp; 252083 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.30 <br><sup>(b)</sup><br>| 07/31/25 | Open | &nbsp;&nbsp;&nbsp; 323820 | &nbsp;&nbsp;&nbsp; 326357 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC<br> 4.40 <br><sup>(b)</sup><br>| 07/31/25 | Open | &nbsp;&nbsp;&nbsp; 164318 | &nbsp;&nbsp;&nbsp; 165633 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp.<br> 4.38 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 1767952 | &nbsp;&nbsp;&nbsp; 1780913 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC<br> 4.24 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 494810 | &nbsp;&nbsp;&nbsp; 498328 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC<br> 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 408356 | &nbsp;&nbsp;&nbsp; 411266 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC<br> 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 2528500 | &nbsp;&nbsp;&nbsp; 2546516 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC<br> 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 841500 | &nbsp;&nbsp;&nbsp; 847496 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC<br> 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 285594 | &nbsp;&nbsp;&nbsp; 287629 | Capital Trusts | Open/Demand |
| RBC Capital Markets, LLC<br> 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 106133 | &nbsp;&nbsp;&nbsp; 106889 | Corporate Bonds | Open/Demand |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| RBC Capital Markets, LLC | 4.25 %<sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; $2613000 | &nbsp;&nbsp;&nbsp; $2631618 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.25 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 282125 | &nbsp;&nbsp;&nbsp; 284135 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.28 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 360524 | &nbsp;&nbsp;&nbsp; 363110 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.28 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 319500 | &nbsp;&nbsp;&nbsp; 321792 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.28 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 610187 | &nbsp;&nbsp;&nbsp; 614564 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.28 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 220313 | &nbsp;&nbsp;&nbsp; 221893 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.38 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 332995 | &nbsp;&nbsp;&nbsp; 335436 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 160862 | &nbsp;&nbsp;&nbsp; 162046 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 402945 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 263145 | &nbsp;&nbsp;&nbsp; 265082 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 406857 | &nbsp;&nbsp;&nbsp; 409853 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 87290 | &nbsp;&nbsp;&nbsp; 87933 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 204688 | &nbsp;&nbsp;&nbsp; 206195 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 761880 | &nbsp;&nbsp;&nbsp; 767489 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 206243 | &nbsp;&nbsp;&nbsp; 207761 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 401528 | &nbsp;&nbsp;&nbsp; 404484 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.35 <br><sup>(b)</sup><br>| 08/05/25 | Open | &nbsp;&nbsp;&nbsp; 862861 | &nbsp;&nbsp;&nbsp; 869146 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC | 4.10 <br><sup>(b)</sup><br>| 08/07/25 | Open | &nbsp;&nbsp;&nbsp; 408597 | &nbsp;&nbsp;&nbsp; 411313 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 08/07/25 | Open | &nbsp;&nbsp;&nbsp; 482924 | &nbsp;&nbsp;&nbsp; 486355 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp. | 4.38 <br><sup>(b)</sup><br>| 08/08/25 | Open | &nbsp;&nbsp;&nbsp; 852720 | &nbsp;&nbsp;&nbsp; 858642 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp. | 4.38 <br><sup>(b)</sup><br>| 08/08/25 | Open | &nbsp;&nbsp;&nbsp; 808498 | &nbsp;&nbsp;&nbsp; 814113 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/08/25 | Open | &nbsp;&nbsp;&nbsp; 914232 | &nbsp;&nbsp;&nbsp; 920554 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/08/25 | Open | &nbsp;&nbsp;&nbsp; 788070 | &nbsp;&nbsp;&nbsp; 793519 | Corporate Bonds | Open/Demand |
| Goldman Sachs & Co. LLC | 4.30 <br><sup>(b)</sup><br>| 08/11/25 | Open | &nbsp;&nbsp;&nbsp; 329175 | &nbsp;&nbsp;&nbsp; 331297 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/11/25 | Open | &nbsp;&nbsp;&nbsp; 719152 | &nbsp;&nbsp;&nbsp; 723849 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/12/25 | Open | &nbsp;&nbsp;&nbsp; 582902 | &nbsp;&nbsp;&nbsp; 586634 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/12/25 | Open | &nbsp;&nbsp;&nbsp; 647100 | &nbsp;&nbsp;&nbsp; 651243 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/12/25 | Open | &nbsp;&nbsp;&nbsp; 725440 | &nbsp;&nbsp;&nbsp; 730085 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp. | 4.24 <br><sup>(b)</sup><br>| 08/13/25 | Open | &nbsp;&nbsp;&nbsp; 934895 | &nbsp;&nbsp;&nbsp; 940608 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp. | 4.39 <br><sup>(b)</sup><br>| 08/13/25 | Open | &nbsp;&nbsp;&nbsp; 260360 | &nbsp;&nbsp;&nbsp; 262004 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.75 <br><sup>(b)</sup><br>| 08/13/25 | Open | &nbsp;&nbsp;&nbsp; 594641 | &nbsp;&nbsp;&nbsp; 597879 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.40 <br><sup>(b)</sup><br>| 08/13/25 | Open | &nbsp;&nbsp;&nbsp; 1220274 | &nbsp;&nbsp;&nbsp; 1227997 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.40 <br><sup>(b)</sup><br>| 08/13/25 | Open | &nbsp;&nbsp;&nbsp; 752500 | &nbsp;&nbsp;&nbsp; 757263 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 08/14/25 | Open | &nbsp;&nbsp;&nbsp; 565818 | &nbsp;&nbsp;&nbsp; 569326 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 08/14/25 | Open | &nbsp;&nbsp;&nbsp; 575140 | &nbsp;&nbsp;&nbsp; 578706 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 08/14/25 | Open | &nbsp;&nbsp;&nbsp; 539112 | &nbsp;&nbsp;&nbsp; 542455 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 0.50 <br><sup>(b)</sup><br>| 08/19/25 | Open | &nbsp;&nbsp;&nbsp; 137696 | &nbsp;&nbsp;&nbsp; 137820 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 0.75 <br><sup>(b)</sup><br>| 08/19/25 | Open | &nbsp;&nbsp;&nbsp; 138465 | &nbsp;&nbsp;&nbsp; 138630 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.40 <br><sup>(b)</sup><br>| 08/19/25 | Open | &nbsp;&nbsp;&nbsp; 75100 | &nbsp;&nbsp;&nbsp; 75517 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/20/25 | Open | &nbsp;&nbsp;&nbsp; 778680 | &nbsp;&nbsp;&nbsp; 782868 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.40 <br><sup>(b)</sup><br>| 08/22/25 | Open | &nbsp;&nbsp;&nbsp; 1406090 | &nbsp;&nbsp;&nbsp; 1413355 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/22/25 | Open | &nbsp;&nbsp;&nbsp; 439580 | &nbsp;&nbsp;&nbsp; 441832 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/22/25 | Open | &nbsp;&nbsp;&nbsp; 479460 | &nbsp;&nbsp;&nbsp; 481916 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/22/25 | Open | &nbsp;&nbsp;&nbsp; 503962 | &nbsp;&nbsp;&nbsp; 506544 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | &nbsp;&nbsp; (0.25 )<sup>(b)</sup><br>| 08/26/25 | Open | &nbsp;&nbsp;&nbsp; 94250 | &nbsp;&nbsp;&nbsp; 94250 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.50 <br><sup>(b)</sup><br>| 08/26/25 | Open | &nbsp;&nbsp;&nbsp; 410550 | &nbsp;&nbsp;&nbsp; 412090 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/28/25 | Open | &nbsp;&nbsp;&nbsp; 1258456 | &nbsp;&nbsp;&nbsp; 1263935 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 08/28/25 | Open | &nbsp;&nbsp;&nbsp; 564557 | &nbsp;&nbsp;&nbsp; 567015 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 875000 | &nbsp;&nbsp;&nbsp; 878062 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp; 953325 | Corporate Bonds | Open/Demand |
| HSBC Securities (USA), Inc. | 4.25 <br><sup>(b)</sup><br>| 09/03/25 | Open | &nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp; 526837 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.25 <br><sup>(b)</sup><br>| 09/04/25 | Open | &nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 300787 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.75 <br><sup>(b)</sup><br>| 09/09/25 | Open | &nbsp;&nbsp;&nbsp; 326417 | &nbsp;&nbsp;&nbsp; 327215 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.25 <br><sup>(b)</sup><br>| 09/09/25 | Open | &nbsp;&nbsp;&nbsp; 120938 | &nbsp;&nbsp;&nbsp; 121270 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/10/25 | Open | &nbsp;&nbsp;&nbsp; 567720 | &nbsp;&nbsp;&nbsp; 569260 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.23 <br><sup>(b)</sup><br>| 09/11/25 | Open | &nbsp;&nbsp;&nbsp; 130853 | &nbsp;&nbsp;&nbsp; 131178 | Corporate Bonds | Open/Demand |
| Wells Fargo Securities, LLC | 4.32 | 09/12/25 | 10/14/25 | &nbsp;&nbsp;&nbsp; 1395280 | &nbsp;&nbsp;&nbsp; 1397958 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Wells Fargo Securities, LLC | 4.32 | 09/12/25 | 10/14/25 | &nbsp;&nbsp;&nbsp; 1945255 | &nbsp;&nbsp;&nbsp; 1948990 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Wells Fargo Securities, LLC | 4.32 | 09/12/25 | 10/14/25 | &nbsp;&nbsp;&nbsp; 428545 | &nbsp;&nbsp;&nbsp; 429368 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| Wells Fargo Securities, LLC | 4.32<br> % <br>| 09/12/25 | 10/14/25 | &nbsp;&nbsp;&nbsp; $699776 | &nbsp;&nbsp;&nbsp; $701119 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Wells Fargo Securities, LLC | 4.32 | 09/12/25 | 10/14/25 | &nbsp;&nbsp;&nbsp; 2638897 | &nbsp;&nbsp;&nbsp; 2643964 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| Wells Fargo Securities, LLC | 4.32 | 09/12/25 | 10/14/25 | &nbsp;&nbsp;&nbsp; 5259667 | &nbsp;&nbsp;&nbsp; 5269766 | &nbsp;&nbsp;&nbsp; U.S. Government Sponsored <br> Agency Securities<br>| Up to 30 Days |
| BNP Paribas SA | 4.19 <br><sup>(b)</sup><br>| 09/12/25 | Open | &nbsp;&nbsp;&nbsp; 1919635 | &nbsp;&nbsp;&nbsp; 1924133 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp. | 4.24 <br><sup>(b)</sup><br>| 09/12/25 | Open | &nbsp;&nbsp;&nbsp; 361806 | &nbsp;&nbsp;&nbsp; 362664 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/12/25 | Open | &nbsp;&nbsp;&nbsp; 580469 | &nbsp;&nbsp;&nbsp; 581881 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/12/25 | Open | &nbsp;&nbsp;&nbsp; 624607 | &nbsp;&nbsp;&nbsp; 626127 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.22 <br><sup>(b)</sup><br>| 09/15/25 | Open | &nbsp;&nbsp;&nbsp; 308940 | &nbsp;&nbsp;&nbsp; 309554 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.21 <br><sup>(b)</sup><br>| 09/16/25 | Open | &nbsp;&nbsp;&nbsp; 257213 | &nbsp;&nbsp;&nbsp; 257690 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.42 <br><sup>(b)</sup><br>| 09/16/25 | Open | &nbsp;&nbsp;&nbsp; 62156 | &nbsp;&nbsp;&nbsp; 62277 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.18 <br><sup>(b)</sup><br>| 09/17/25 | Open | &nbsp;&nbsp;&nbsp; 372650 | &nbsp;&nbsp;&nbsp; 373246 | Corporate Bonds | Open/Demand |
| J.P. Morgan Securities LLC | 4.05 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 498437 | &nbsp;&nbsp;&nbsp; 499110 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.15 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 256821 | &nbsp;&nbsp;&nbsp; 257177 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 552475 | &nbsp;&nbsp;&nbsp; 553258 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 180734 | &nbsp;&nbsp;&nbsp; 180990 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 331166 | &nbsp;&nbsp;&nbsp; 331635 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 175143 | &nbsp;&nbsp;&nbsp; 175391 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 181300 | &nbsp;&nbsp;&nbsp; 181557 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 280676 | &nbsp;&nbsp;&nbsp; 281074 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 1814312 | &nbsp;&nbsp;&nbsp; 1816883 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 1162760 | &nbsp;&nbsp;&nbsp; 1164407 | Corporate Bonds | Up to 30 Days |
| J.P. Morgan Securities LLC | 4.25 | 09/19/25 | 10/02/25 | &nbsp;&nbsp;&nbsp; 236844 | &nbsp;&nbsp;&nbsp; 237179 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 840375 | &nbsp;&nbsp;&nbsp; 841566 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 454500 | &nbsp;&nbsp;&nbsp; 455144 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 4.30 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 468171 | &nbsp;&nbsp;&nbsp; 468842 | Capital Trusts | Up to 30 Days |
| Barclays Bank PLC | 4.30 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2887500 | &nbsp;&nbsp;&nbsp; 2891639 | Capital Trusts | Up to 30 Days |
| Barclays Bank PLC | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2344499 | &nbsp;&nbsp;&nbsp; 2347899 | Corporate Bonds | Up to 30 Days |
| Barclays Bank PLC | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 4358400 | &nbsp;&nbsp;&nbsp; 4364792 | Capital Trusts | Up to 30 Days |
| Barclays Bank PLC | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 392400 | &nbsp;&nbsp;&nbsp; 392975 | Capital Trusts | Up to 30 Days |
| Barclays Bank PLC | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2328219 | &nbsp;&nbsp;&nbsp; 2331633 | Capital Trusts | Up to 30 Days |
| Barclays Bank PLC | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1839030 | &nbsp;&nbsp;&nbsp; 1841727 | Capital Trusts | Up to 30 Days |
| Barclays Capital, Inc. | 3.95 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 329857 | &nbsp;&nbsp;&nbsp; 330291 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 112009 | &nbsp;&nbsp;&nbsp; 112166 | Capital Trusts | Up to 30 Days |
| Barclays Capital, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 651391 | &nbsp;&nbsp;&nbsp; 652303 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 475800 | &nbsp;&nbsp;&nbsp; 476472 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 888030 | &nbsp;&nbsp;&nbsp; 889285 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 588552 | &nbsp;&nbsp;&nbsp; 589384 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 537170 | &nbsp;&nbsp;&nbsp; 537929 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 493500 | &nbsp;&nbsp;&nbsp; 494197 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.24 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 483750 | &nbsp;&nbsp;&nbsp; 484434 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.30 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 337669 | &nbsp;&nbsp;&nbsp; 338153 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.30 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 249533 | &nbsp;&nbsp;&nbsp; 249890 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.30 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 296840 | &nbsp;&nbsp;&nbsp; 297265 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 116840 | &nbsp;&nbsp;&nbsp; 117012 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1209697 | &nbsp;&nbsp;&nbsp; 1211472 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 443638 | &nbsp;&nbsp;&nbsp; 444288 | Capital Trusts | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1057162 | &nbsp;&nbsp;&nbsp; 1058713 | Capital Trusts | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1078834 | &nbsp;&nbsp;&nbsp; 1080416 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1215185 | &nbsp;&nbsp;&nbsp; 1216968 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 334784 | &nbsp;&nbsp;&nbsp; 335275 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 414710 | &nbsp;&nbsp;&nbsp; 415318 | Capital Trusts | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 603200 | &nbsp;&nbsp;&nbsp; 604085 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 325958 | &nbsp;&nbsp;&nbsp; 326436 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1262369 | &nbsp;&nbsp;&nbsp; 1264220 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 806540 | &nbsp;&nbsp;&nbsp; 807723 | Corporate Bonds | Up to 30 Days |
| Barclays Capital, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 853140 | &nbsp;&nbsp;&nbsp; 854391 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 2.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 516750 | &nbsp;&nbsp;&nbsp; 517155 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 3.70 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 77441 | &nbsp;&nbsp;&nbsp; 77537 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 3.90 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 872780 | &nbsp;&nbsp;&nbsp; 873915 | Corporate Bonds | Up to 30 Days |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| BofA Securities, Inc. | 3.95<br> % <br>| 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; $99888 | &nbsp;&nbsp;&nbsp; $100019 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.00 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 225750 | &nbsp;&nbsp;&nbsp; 226051 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.10 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 518340 | &nbsp;&nbsp;&nbsp; 519048 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.10 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 254100 | &nbsp;&nbsp;&nbsp; 254447 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 215250 | &nbsp;&nbsp;&nbsp; 215548 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 203820 | &nbsp;&nbsp;&nbsp; 204102 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 507625 | &nbsp;&nbsp;&nbsp; 508327 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 535690 | &nbsp;&nbsp;&nbsp; 536431 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 96203 | &nbsp;&nbsp;&nbsp; 96336 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 347331 | &nbsp;&nbsp;&nbsp; 347812 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 453777 | &nbsp;&nbsp;&nbsp; 454405 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 80445 | &nbsp;&nbsp;&nbsp; 80556 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.15 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 460687 | &nbsp;&nbsp;&nbsp; 461325 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 575460 | &nbsp;&nbsp;&nbsp; 576266 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 353293 | &nbsp;&nbsp;&nbsp; 353787 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 211665 | &nbsp;&nbsp;&nbsp; 211961 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 215625 | &nbsp;&nbsp;&nbsp; 215927 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 741825 | &nbsp;&nbsp;&nbsp; 742864 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2604000 | &nbsp;&nbsp;&nbsp; 2607646 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 458250 | &nbsp;&nbsp;&nbsp; 458892 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1157287 | &nbsp;&nbsp;&nbsp; 1158908 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 166414 | &nbsp;&nbsp;&nbsp; 166647 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.20 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1799687 | &nbsp;&nbsp;&nbsp; 1802207 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 470044 | &nbsp;&nbsp;&nbsp; 470710 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 90411 | &nbsp;&nbsp;&nbsp; 90539 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 996250 | &nbsp;&nbsp;&nbsp; 997661 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 320813 | &nbsp;&nbsp;&nbsp; 321267 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 180880 | &nbsp;&nbsp;&nbsp; 181136 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 492000 | &nbsp;&nbsp;&nbsp; 492697 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.30 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 597187 | &nbsp;&nbsp;&nbsp; 598043 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.30 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1053107 | &nbsp;&nbsp;&nbsp; 1054616 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 92198 | &nbsp;&nbsp;&nbsp; 92331 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 2242570 | &nbsp;&nbsp;&nbsp; 2245822 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 376275 | &nbsp;&nbsp;&nbsp; 376821 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 328100 | &nbsp;&nbsp;&nbsp; 328576 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 294481 | &nbsp;&nbsp;&nbsp; 294908 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 488762 | &nbsp;&nbsp;&nbsp; 489471 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 541082 | &nbsp;&nbsp;&nbsp; 541867 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 269114 | &nbsp;&nbsp;&nbsp; 269505 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 412824 | &nbsp;&nbsp;&nbsp; 413423 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 52290 | &nbsp;&nbsp;&nbsp; 52366 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 74970 | &nbsp;&nbsp;&nbsp; 75079 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1155328 | &nbsp;&nbsp;&nbsp; 1157003 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 471817 | &nbsp;&nbsp;&nbsp; 472502 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 555670 | &nbsp;&nbsp;&nbsp; 556476 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 184150 | &nbsp;&nbsp;&nbsp; 184417 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 902000 | &nbsp;&nbsp;&nbsp; 903308 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 166208 | &nbsp;&nbsp;&nbsp; 166448 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 322620 | &nbsp;&nbsp;&nbsp; 323088 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 636864 | &nbsp;&nbsp;&nbsp; 637787 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 1924702 | &nbsp;&nbsp;&nbsp; 1927493 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 301350 | &nbsp;&nbsp;&nbsp; 301787 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.35 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 217500 | &nbsp;&nbsp;&nbsp; 217815 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.37 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 448001 | &nbsp;&nbsp;&nbsp; 448654 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.37 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 302978 | &nbsp;&nbsp;&nbsp; 303419 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.37 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 298410 | &nbsp;&nbsp;&nbsp; 298845 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.39 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 54657 | &nbsp;&nbsp;&nbsp; 54737 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.39 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 780822 | &nbsp;&nbsp;&nbsp; 781964 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.39 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 314930 | &nbsp;&nbsp;&nbsp; 315391 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.39 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 350895 | &nbsp;&nbsp;&nbsp; 351408 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.39 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 969979 | &nbsp;&nbsp;&nbsp; 971398 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.39 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 401700 | &nbsp;&nbsp;&nbsp; 402288 | Corporate Bonds | Up to 30 Days |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Reverse Repurchase Agreements (continued)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Counterparty* | *Interest*<br> *Rate*<br>| &nbsp;&nbsp; *Trade*<br> *Date*<br>| &nbsp;&nbsp; *Maturity*<br> *Date*<sup>(a)</sup><br>| *Face Value* | &nbsp;&nbsp; *Face Value*<br> *Including*<br> *Accrued Interest*<br>| &nbsp;&nbsp; *Type of Non-Cash Underlying* <br> *Collateral*<br>| &nbsp;&nbsp; *Remaining*<br> *Contractual Maturity*<br> *of the Agreements*<sup>(a)</sup><br>|
| BofA Securities, Inc. | 4.40<br> % <br>| 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; $1208365 | &nbsp;&nbsp;&nbsp; $1210137 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.40 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 459712 | &nbsp;&nbsp;&nbsp; 460387 | Corporate Bonds | Up to 30 Days |
| Merrill Lynch International | 4.25 | 09/19/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 689358 | &nbsp;&nbsp;&nbsp; 690335 | Corporate Bonds | Up to 30 Days |
| BNP Paribas Securities Corp. | 4.38 <br><sup>(b)</sup><br>| 09/19/25 | Open | &nbsp;&nbsp;&nbsp; 489379 | &nbsp;&nbsp;&nbsp; 490093 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/19/25 | Open | &nbsp;&nbsp;&nbsp; 502705 | &nbsp;&nbsp;&nbsp; 503442 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/19/25 | Open | &nbsp;&nbsp;&nbsp; 1311175 | &nbsp;&nbsp;&nbsp; 1313081 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/19/25 | Open | &nbsp;&nbsp;&nbsp; 506850 | &nbsp;&nbsp;&nbsp; 507587 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp. | 4.38 <br><sup>(b)</sup><br>| 09/22/25 | Open | &nbsp;&nbsp;&nbsp; 615897 | &nbsp;&nbsp;&nbsp; 616571 | Corporate Bonds | Open/Demand |
| BNP Paribas Securities Corp. | 4.38 <br><sup>(b)</sup><br>| 09/22/25 | Open | &nbsp;&nbsp;&nbsp; 485450 | &nbsp;&nbsp;&nbsp; 485982 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/22/25 | Open | &nbsp;&nbsp;&nbsp; 1980762 | &nbsp;&nbsp;&nbsp; 1982922 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/22/25 | Open | &nbsp;&nbsp;&nbsp; 424370 | &nbsp;&nbsp;&nbsp; 424832 | Corporate Bonds | Open/Demand |
| Morgan Stanley & Co. LLC | 3.75 <br><sup>(b)</sup><br>| 09/23/25 | Open | &nbsp;&nbsp;&nbsp; 96094 | &nbsp;&nbsp;&nbsp; 96164 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/23/25 | Open | &nbsp;&nbsp;&nbsp; 386902 | &nbsp;&nbsp;&nbsp; 387280 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/24/25 | Open | &nbsp;&nbsp;&nbsp; 603250 | &nbsp;&nbsp;&nbsp; 603761 | Capital Trusts | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/24/25 | Open | &nbsp;&nbsp;&nbsp; 1772500 | &nbsp;&nbsp;&nbsp; 1774003 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.25 <br><sup>(b)</sup><br>| 09/25/25 | Open | &nbsp;&nbsp;&nbsp; 521336 | &nbsp;&nbsp;&nbsp; 521706 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/25/25 | Open | &nbsp;&nbsp;&nbsp; 1004950 | &nbsp;&nbsp;&nbsp; 1005687 | Corporate Bonds | Open/Demand |
| BNP Paribas SA | 4.38 <br><sup>(b)</sup><br>| 09/26/25 | Open | &nbsp;&nbsp;&nbsp; 1287211 | &nbsp;&nbsp;&nbsp; 1287994 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.20 <br><sup>(b)</sup><br>| 09/26/25 | Open | &nbsp;&nbsp;&nbsp; 318308 | &nbsp;&nbsp;&nbsp; 318493 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.35 <br><sup>(b)</sup><br>| 09/26/25 | Open | &nbsp;&nbsp;&nbsp; 640395 | &nbsp;&nbsp;&nbsp; 640782 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/26/25 | Open | &nbsp;&nbsp;&nbsp; 1905750 | &nbsp;&nbsp;&nbsp; 1906915 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/26/25 | Open | &nbsp;&nbsp;&nbsp; 477731 | &nbsp;&nbsp;&nbsp; 478023 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/26/25 | Open | &nbsp;&nbsp;&nbsp; 935923 | &nbsp;&nbsp;&nbsp; 936495 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/26/25 | Open | &nbsp;&nbsp;&nbsp; 1481695 | &nbsp;&nbsp;&nbsp; 1482592 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.30 <br><sup>(b)</sup><br>| 09/29/25 | Open | &nbsp;&nbsp;&nbsp; 153900 | &nbsp;&nbsp;&nbsp; 153937 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/29/25 | Open | &nbsp;&nbsp;&nbsp; 440629 | &nbsp;&nbsp;&nbsp; 440736 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/29/25 | Open | &nbsp;&nbsp;&nbsp; 330525 | &nbsp;&nbsp;&nbsp; 330606 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/29/25 | Open | &nbsp;&nbsp;&nbsp; 301305 | &nbsp;&nbsp;&nbsp; 301379 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/29/25 | Open | &nbsp;&nbsp;&nbsp; 2436112 | &nbsp;&nbsp;&nbsp; 2436708 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.41 <br><sup>(b)</sup><br>| 09/29/25 | Open | &nbsp;&nbsp;&nbsp; 67405 | &nbsp;&nbsp;&nbsp; 67422 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/29/25 | Open | &nbsp;&nbsp;&nbsp; 1125372 | &nbsp;&nbsp;&nbsp; 1125645 | Corporate Bonds | Open/Demand |
| BofA Securities, Inc. | 4.10 | 09/30/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 229520 | &nbsp;&nbsp;&nbsp; 229520 | Corporate Bonds | Up to 30 Days |
| BofA Securities, Inc. | 4.40 | 09/30/25 | 10/31/25 | &nbsp;&nbsp;&nbsp; 480975 | &nbsp;&nbsp;&nbsp; 480975 | Corporate Bonds | Up to 30 Days |
| BNP Paribas SA | 4.38 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 421499 | &nbsp;&nbsp;&nbsp; 421499 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.40 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 365411 | &nbsp;&nbsp;&nbsp; 365411 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.40 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 1591850 | &nbsp;&nbsp;&nbsp; 1591850 | Corporate Bonds | Open/Demand |
| Nomura Securities International, Inc. | 4.40 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 381669 | &nbsp;&nbsp;&nbsp; 381669 | Corporate Bonds | Open/Demand |
| RBC Capital Markets, LLC | 4.40 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 51920 | &nbsp;&nbsp;&nbsp; 52661 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.38 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 305044 | &nbsp;&nbsp;&nbsp; 305044 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 256648 | &nbsp;&nbsp;&nbsp; 256647 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 551707 | &nbsp;&nbsp;&nbsp; 551707 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 697250 | &nbsp;&nbsp;&nbsp; 697250 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.40 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 379237 | &nbsp;&nbsp;&nbsp; 379237 | Corporate Bonds | Open/Demand |
| TD Securities (USA) LLC | 4.41 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 603724 | &nbsp;&nbsp;&nbsp; 603724 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 327990 | &nbsp;&nbsp;&nbsp; 327990 | Corporate Bonds | Open/Demand |
| U.S. Bancorp Investments, Inc. | 4.36 <br><sup>(b)</sup><br>| 09/30/25 | Open | &nbsp;&nbsp;&nbsp; 1080767 | &nbsp;&nbsp;&nbsp; 1080767 | Corporate Bonds | Open/Demand |
|  |  |  |  | &nbsp;&nbsp;&nbsp; $319121706 | &nbsp;&nbsp;&nbsp; $321272231 |  |  |

---

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

<sup>(a)</sup> Certain agreements have no stated maturity and can be terminated by either party at any time.

<sup>(b)</sup> Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand.

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Ultra Long Treasury Note | &nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; $8171 | &nbsp;&nbsp;&nbsp;&nbsp; $71111 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Futures Contracts (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of*<br> *Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration*<br> *Date*<br>| &nbsp;&nbsp;&nbsp; *Notional*<br> *Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/*<br> *Unrealized*<br> *Appreciation*<br> &nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2-Year U.S. Treasury Note | &nbsp;&nbsp; 644 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; $134188 | &nbsp;&nbsp;&nbsp;&nbsp; $(41866)<br>|
| &nbsp;&nbsp;&nbsp; 5-Year U.S. Treasury Note | &nbsp;&nbsp; 206 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 22489 | &nbsp;&nbsp;&nbsp;&nbsp; (5399)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 23846 |
| Short Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10-Year U.S. Treasury Note | &nbsp;&nbsp; 314 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 35325 | &nbsp;&nbsp;&nbsp;&nbsp; (219621)<br>|
| &nbsp;&nbsp;&nbsp; U.S. Long Bond | &nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 9330 | &nbsp;&nbsp;&nbsp;&nbsp; (204382)<br>|
| &nbsp;&nbsp;&nbsp; Ultra U.S. Treasury Bond | &nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2284 | &nbsp;&nbsp;&nbsp;&nbsp; (71003)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; (495006)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(471160)<br>|

---

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| USD | 48549 | EUR | 41279 | Citibank N.A. | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $44 |
| USD | 15894 | EUR | 13483 | HSBC Bank PLC | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51 |
| USD | 205541 | EUR | 174781 | Toronto-Dominion Bank | 10/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164 |
| USD | 154555 | EUR | 131000 | Barclays Bank PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80 |
| USD | 13223875 | EUR | 11183000 | Morgan Stanley & Co. International PLC | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36895 |
| USD | 232367 | EUR | 197000 | State Street Bank and Trust Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 |
| USD | 358967 | EUR | 304000 | State Street Bank and Trust Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 491 |
| USD | 1152980 | GBP | 847000 | UBS AG | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13734 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51524 |
| USD | 99573 | EUR | 85000 | JPMorgan Chase Bank N.A. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (660)<br>|
| USD | 241220 | EUR | 205000 | State Street Bank and Trust Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (515)<br>|
| USD | 148089 | GBP | 111000 | State Street Bank and Trust Co. | 12/17/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1210)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2385)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $49139 |

---

**Centrally Cleared Credit Default Swaps — Buy Protection** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Paid* <br>*by the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)* | *Value* | &nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Received)*<br>| &nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| CDX.NA.HY.45.V1 | 5.00<br> % <br>| &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 5875 | &nbsp;&nbsp;&nbsp;&nbsp; $(461791)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(449757)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(12034)<br>|
| CDX.NA.IG.45.V1 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp; Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/30 | USD | 14100 | &nbsp;&nbsp;&nbsp;&nbsp; (324574)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (322927)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1647)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(786365)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(772684)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(13681)<br>|

---

**OTC Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Fund*<br>| &nbsp;&nbsp; *Payment* <br>*Frequency*<br>| *Counterparty* | *Termination* <br>*Date*<br>| *Credit* <br>*Rating*<sup>(a)</sup> <br>| *Notional* <br>*Amount (000)*<sup>(b)</sup>  | *Notional* <br>*Amount (000)*<sup>(b)</sup>  | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Virgin Media Finance PLC | 5.00<br> % <br>| Quarterly | JPMorgan Chase Bank N.A. | 12/20/25 | B- | EUR | 10 | $124 | $184 | $(60)<br>|
| CMA CGM SA | 5.00 | Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 06/20/27 | BB+ | EUR | 30 | 2514 | 2669 | (155)<br>|
| Adler Real Estate AG | 5.00 | Quarterly | Bank of America N.A. | 12/20/27 | CCC | EUR | 7 | 476 | (688)<br>| 1164 |
| Adler Real Estate AG | 5.00 | Quarterly | Barclays Bank PLC | 12/20/27 | CCC | EUR | 4 | 286 | (392)<br>| 678 |
| Adler Real Estate AG | 5.00 | Quarterly | Barclays Bank PLC | 12/20/27 | CCC | EUR | 12 | 803 | (1103)<br>| 1906 |
| Adler Real Estate AG | 5.00 | Quarterly | Citibank N.A. | 12/20/27 | CCC | EUR | 4 | 233 | (328)<br>| 561 |
| Adler Real Estate AG | 5.00 | Quarterly | JPMorgan Chase Bank N.A. | 12/20/27 | CCC | EUR | 8 | 488 | (722)<br>| 1210 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**OTC Credit Default Swaps — Sell Protection (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing*<br> *Rate Received*<br> *by the Fund*<br>| &nbsp;&nbsp; *Payment*<br> *Frequency*<br>| *Counterparty* | *Termination*<br> *Date*<br>| *Credit*<br> *Rating*<sup>(a)</sup><br>| *Notional*<br> *Amount (000)*<sup>(b)</sup> | *Notional*<br> *Amount (000)*<sup>(b)</sup> | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| Adler Real Estate AG | 5.00<br> % <br>| Quarterly | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| 12/20/27 | CCC | EUR | 5 | $354 | $(507)<br>| $861 |
| Faurecia SE | 5.00 | Quarterly | Barclays Bank PLC | 06/20/29 | BB- | EUR | 20 | 2533 | 2012 | 521 |
| iTraxx.XO.42.V3 20-35% | 5.00 | Quarterly | BNP Paribas SA | 12/20/29 | B | EUR | 33 | 5415 | 4228 | 1187 |
| Zegona Finance PLC | 5.00 | Quarterly | Deutsche Bank AG | 06/20/30 | BB | EUR | 7 | 1280 | 934 | 346 |
|  |  |  |  |  |  |  |  | $14506 | $6287 | $8219 |

---

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

<sup>(a)</sup> Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

<sup>(b)</sup> The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

**OTC Total Return Swaps** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Effective* <br>*Date*<br>| *Termination* <br>*Date*<br>| *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| 1-day SOFR, 4.24% | Quarterly | &nbsp;&nbsp;&nbsp; Markit iBoxx USD <br> Liquid Leveraged <br> Loan Index<br>| At Termination | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| N/A | 12/20/25 | USD | 2000 | $47795 | $(21953)<br>| $69748 |
| 1-day SOFR, 4.24% | Quarterly | &nbsp;&nbsp;&nbsp; Markit iBoxx USD <br> Liquid Leveraged <br> Loan Index<br>| At Termination | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| N/A | 03/20/26 | USD | 1000 | 23562 | (10976)<br>| 34538 |
| 1-day SOFR, 4.24% | Quarterly | &nbsp;&nbsp;&nbsp; Markit iBoxx USD <br> Liquid Leveraged <br> Loan Index<br>| At Termination | &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. <br> International PLC<br>| N/A | 06/20/26 | USD | 8000 | (544)<br>| (86490)<br>| 85946 |
|  |  |  |  |  |  |  |  |  | $70813 | $(119419)<br>| $190232 |

---

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $36957316 | &nbsp;&nbsp;&nbsp;&nbsp; $949424 | &nbsp;&nbsp;&nbsp;&nbsp; $37906740 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $12627 | &nbsp;&nbsp;&nbsp;&nbsp; $12627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp; 7602 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 187740 | &nbsp;&nbsp;&nbsp;&nbsp; 187740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 426306 | &nbsp;&nbsp;&nbsp;&nbsp; 426306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 386 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18572 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 271641 | &nbsp;&nbsp;&nbsp;&nbsp; 271641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 110685 | &nbsp;&nbsp;&nbsp;&nbsp; 110685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Infrastructure | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 59233 | &nbsp;&nbsp;&nbsp;&nbsp; 59233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advertising Agencies | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5928081 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5928081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13802082 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13802082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 363187 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 363187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4960738 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4960738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automobiles | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7374794 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7374794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 645534 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 645534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 694191 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 694191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Building Materials | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8710535 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8710535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3067081 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3067081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5248827 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5248827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11000582 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11000582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20727174 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20727174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communications Equipment | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 884361 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 884361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction & Engineering | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2753585 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2753585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2935225 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2935225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp; 2687 | &nbsp;&nbsp;&nbsp;&nbsp; 10152192 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10154879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2703787 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2703787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 11849292 | &nbsp;&nbsp;&nbsp;&nbsp; 769920 | &nbsp;&nbsp;&nbsp;&nbsp; 12619212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributors | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 542611 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 542611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diversified REITs | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4468175 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4468175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23361463 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23361463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7994186 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7994186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1900371 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1900371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4621001 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4621001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 785657 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 785657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Environmental, Maintenance & Security Service | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4305267 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4305267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19179757 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19179757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6224872 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6224872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2247410 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2247410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2532336 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2532336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15002660 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15002660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care REITs | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3361897 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3361897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hotel & Resort REITs | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3837821 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3837821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20529698 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20529698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Household Durables | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3707794 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3707794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent Power and Renewable Electricity Producers | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6670612 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6670612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Conglomerates | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 520114 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 520114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23821227 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 23821227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 992561 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 992561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Internet Software & Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3124552 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3124552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4409334 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4409334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5265845 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5265845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19733512 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19733512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10122017 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10122017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage Real Estate Investment Trusts (REITs) | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1125413 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1125413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 128766 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 128766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 39888514 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 39888514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Passenger Airlines | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1146010 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1146010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal Care Products | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 667832 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 667832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8769857 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8769857 |

---

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate Management & Development | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1585018 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1585018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retail REITs | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 321164 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 321164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5411516 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5411516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20087342 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 20087342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 682929 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 682929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1318321 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1318321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1657948 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1657948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 565841 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 565841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Infrastructure | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 256966 | &nbsp;&nbsp;&nbsp;&nbsp; 49793 | &nbsp;&nbsp;&nbsp;&nbsp; 306759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water Utilities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 898177 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 898177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3921000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3921000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1751923 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1751923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 314410709 | &nbsp;&nbsp;&nbsp;&nbsp; 8678777 | &nbsp;&nbsp;&nbsp;&nbsp; 323089486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1852280 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1852280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Funds | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 83141 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 83141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Income Funds | &nbsp;&nbsp; 1674400 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1674400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Agency Mortgage-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24398123 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 24398123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Interests | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 36310755 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 36310755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; 1383250 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1383250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18660 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Services | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 87793 | &nbsp;&nbsp;&nbsp;&nbsp; 87793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Sponsored Agency Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15060743 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 15060743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 1622279 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1622279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 28689703 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 28689703 |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1239 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1239 |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (121)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (121)<br>|
|  | &nbsp;&nbsp; $4690218 | &nbsp;&nbsp;&nbsp;&nbsp; $861050041 | &nbsp;&nbsp;&nbsp;&nbsp; $11603939 | &nbsp;&nbsp;&nbsp;&nbsp; $877344198 |
| Derivative Financial Instruments<sup>(b)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $8434 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $8434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 51524 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 51524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; 71111 | &nbsp;&nbsp;&nbsp;&nbsp; 190232 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 261343 |
| &nbsp;&nbsp;&nbsp; Liabilities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13896)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (13896)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2385)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2385)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; (542271)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (542271)<br>|
|  | &nbsp;&nbsp; $(471160)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $233909 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(237251)<br>|

---

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

<sup>(a)</sup> Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

<sup>(b)</sup> Derivative financial instruments are swaps, futures contracts and forward foreign currency exchange contracts. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument. 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount or face value, including accrued interest, for financial reporting purposes. As of period end, reverse repurchase agreements of $321,272,231 are categorized as Level 2 within the fair value hierarchy.

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

September 30, 2025

**BlackRock Limited Duration Income Trust (BLW)** 

A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | *Asset-Backed* <br>*Securities*<br>| *Common* <br>*Stocks*<br>| *Corporate* <br>*Bonds*<br>| *Fixed* <br>*Rate Loan* <br>*Interests*<br>| *Floating* <br>*Rate Loan* <br>*Interests*<br>| *Other* <br>*Interests*<br>| *Preferred* <br>*Stocks*<br>|
| **Assets** |  |  |  |  |  |  |  |
| Opening balance, as of December 31, 2024 | &nbsp;&nbsp; $917574 | $605755 | $1235747 | $1606112 | $13579446 | $— <br><sup>(a)</sup><br>| &nbsp;&nbsp; $77041 |
| Transfers into Level 3 | &nbsp;&nbsp; — |  | 541800 | 12727 | 1806152 |  | &nbsp;&nbsp; — |
| Transfers out of Level 3 | &nbsp;&nbsp; — |  | (1084835)<br>| (67300)<br>| (8164874)<br>|  | &nbsp;&nbsp; — |
| Other<sup>(b)</sup> | &nbsp;&nbsp; — |  |  | (1023000)<br>| 1023000 |  | &nbsp;&nbsp; — |
| Accrued discounts/premiums | &nbsp;&nbsp; (8788)<br>|  | 33096 | 407 | 20339 |  | &nbsp;&nbsp; — |
| Net realized gain (loss) | &nbsp;&nbsp; — | 104759 | (35)<br>| 3679 | 13127 |  | &nbsp;&nbsp; (119)<br>|
| Net change in unrealized appreciation (depreciation)<sup>(c)</sup> | &nbsp;&nbsp; 40638 | (501556)<br>| (12879)<br>| (9686)<br>| 115170 |  | &nbsp;&nbsp; 10871 |
| Purchases | &nbsp;&nbsp; — | 1139299 | 274199 | 2059 | 5740789 |  | &nbsp;&nbsp; — |
| Sales | &nbsp;&nbsp; — | (280025)<br>| (167380)<br>| (524998)<br>| (5454372)<br>|  | &nbsp;&nbsp; — |
| Closing balance, as of September 30, 2025 | &nbsp;&nbsp; $949424 | $1068232 | $819713 | $— | $8678777 | $— <br><sup>(a)</sup><br>| &nbsp;&nbsp; $87793 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments still held at <br> September 30, 2025<sup>(c)</sup><br>| &nbsp;&nbsp; $40638 | $(501556)<br>| $(28781)<br>| $(14787)<br>| $153759 | $— | &nbsp;&nbsp; $10871 |

---

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

---

| | |
|:---|:---|
|  | *Total*  |
| **Assets** |  |
| Opening balance, as of December 31, 2024 | &nbsp;&nbsp; $18021675 |
| Transfers into Level 3 | &nbsp;&nbsp; 2360679 |
| Transfers out of Level 3 | &nbsp;&nbsp; (9317009)<br>|
| Other<sup>(b)</sup> | &nbsp;&nbsp; — |
| Accrued discounts/premiums | &nbsp;&nbsp; 45054 |
| Net realized gain (loss) | &nbsp;&nbsp; 121411 |
| Net change in unrealized appreciation (depreciation)<sup>(c)</sup> | &nbsp;&nbsp; (357442)<br>|
| Purchases | &nbsp;&nbsp; 7156346 |
| Sales | &nbsp;&nbsp; (6426775)<br>|
| Closing balance, as of September 30, 2025 | &nbsp;&nbsp; $11603939 |
| Net change in unrealized appreciation (depreciation) on investments still held at September 30, 2025<sup>(c)</sup> | &nbsp;&nbsp; $(339856)<br>|

---

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

<sup>(a)</sup> Rounds to less than $1.

<sup>(b)</sup> Certain Level 3 investments were re-classified between Fixed Rate Loan Interests and Floating Rate Loan Interests.

<sup>(c)</sup> Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at September 30, 2025 is generally due to investments no longer held or categorized as Level 3 at period end. 

The Fund's financial instruments that are categorized as Level 3 were valued utilizing third-party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third-party information could result in a significantly lower or higher value of such Level 3 financial instruments.

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

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| EUR | Euro |
| GBP | British Pound |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| CLO | Collateralized Loan Obligation |
| CME | Chicago Mercantile Exchange  |
| CMT | Constant Maturity Treasury |
| DAC | Designated Activity Company  |
| ETF | Exchange-Traded Fund |
| EURIBOR | Euro Interbank Offered Rate |
| GO | General Obligation Bonds |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| PIK | Payment-in-Kind |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Ltd Duration Income Trust

- **b. Investment Company Act file number:** 811-21349

- **c. CIK number of Registrant:** 0001233681

- **d. LEI of Registrant:** 4VIZ12RURKQTKPDDB492

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Ltd Duration Income Trust

- **c. LEI of Series:** 4VIZ12RURKQTKPDDB492

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $894558251.57

**Total Liabilities:** $348311647.28

**Net Assets:** $546246604.29

**Delayed Delivery Securities:** $13871423.49

**Cash Not Reported:** $2792189.51

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 11076.94000000 | **1-Year:** 2047.77000000 | **5-Year:** 20581.86000000 | **10-Year:** 4790.84000000 | **30-Year:** 9685.20000000

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

- **3-Month:** 2407.20000000 | **1-Year:** 11921.98000000 | **5-Year:** 89690.72000000 | **10-Year:** 6015.03000000 | **30-Year:** 2435.97000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.74%                | 1.03%                | 0.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $122944.01               | $98640.20                                  |
| Month 2  | $-79116.41               | $2163280.36                                |
| Month 3  | $-119066.08              | $1160270.97                                |

**Designated Index Information**

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

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                              | CUSIP: 48128BAH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4013044.00   | 0.73%             | 2026-01-01      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    521000 | PA      | $505703.44    | 0.09%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                 | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133000 | PA      | $138138.36    | 0.03%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP TRANSDIGM I                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -934895 | PA      | $-934895.00   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP                            | Scientific Games Holdings LP 2024 USD Term Loan B                                | CUSIP: 80875CAE7<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |    392751 | PA      | $389267.01    | 0.07%             | 2029-04-04      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA        | RRP VERIZON COM                                                                  | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | Short            | RA               | CORP              | US        |   -662500 | PA      | $-662500.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| ADLER Group SA                                          | ADLER Group SA                                                                   | CUSIP: 000000000<br>LEI: 391200OYYFJ3DWAMEC69 | Long             | EC               | CORP              | LU        |     33168 | NS      | $0.39         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                                  | TK Elevator Midco GmbH 2025 USD Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |   1363159 | PA      | $1366130.25   | 0.25%             | 2030-04-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP POST HOLDIN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -100595 | PA      | $-100595.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Tele Columbus AG                                        | Tele Columbus AG                                                                 | CUSIP: 000000000<br>LEI: 3912004GMFDLY04RUQ19 | Long             | DBT              | CORP              | DE        |    110250 | PA      | $87223.83     | 0.02%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                    | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    303000 | PA      | $305899.41    | 0.06%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TKO WORLDWIDE HOLDINGS LLC                              | TKO WORLDWIDE HOLDINGS LLC 2025 TERM LOAN                                        | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    459848 | PA      | $460348.73    | 0.08%             | 2031-11-21      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP CONNECT FIN                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -331166 | PA      | $-331165.80   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19000 | PA      | $16892.15     | 0.00%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP TRANSOCEAN                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |    -39510 | PA      | $-39510.17    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                 | CUSIP: 3133KYXJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2181020 | PA      | $2071625.60   | 0.38%             | 2042-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CROWN FINANCE US INC                                    | Crown Finance US Inc 2025 Term Loan B                                            | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |    521779 | PA      | $520281.80    | 0.10%             | 2031-12-02      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107000 | PA      | $102836.74    | 0.02%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                 | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    446000 | PA      | $446152.34    | 0.08%             | 2030-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                      | Herens Holdco Sarl                                                               | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    212000 | PA      | $185730.89    | 0.03%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                  | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45000.00     | 0.01%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                               | Ball Corp                                                                        | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    196000 | PA      | $198106.79    | 0.04%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                                | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $126057.30    | 0.02%             | 2030-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                          | Core & Main LP 2024 Term Loan D                                                  | CUSIP: 40416VAG0<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |   1515597 | PA      | $1514960.76   | 0.28%             | 2028-07-27      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                    | Chart Industries Inc 2024 Term Loan B                                            | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |    255649 | PA      | $256607.94    | 0.05%             | 2030-03-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP NCL CORPORA                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -615897 | PA      | $-615896.66   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145357.57    | 0.03%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $95757.44     | 0.02%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA        | RRP CABLEVISION                                                                  | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | Short            | RA               | CORP              | US        |   -322000 | PA      | $-322000.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CAESARS ENT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -305044 | PA      | $-305043.75   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                 | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    171000 | PA      | $179557.73    | 0.03%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                 | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAD7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    250101 | PA      | $236970.84    | 0.04%             | 2030-09-09      | Fixed         | 13.75%                | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    383000 | PA      | $392311.11    | 0.07%             | 2032-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP CLEAR CHANN                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -788070 | PA      | $-788070.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP PG+E CORPOR                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -1839030 | PA      | $-1839030.00  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| Penn Entertainment Inc                                  | PENN Entertainment Inc 2022 Term Loan B                                          | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1144786 | PA      | $1143355.22   | 0.21%             | 2029-05-03      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                 | American Airlines Inc 2025 Term Loan B                                           | CUSIP: 02376CBT1<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | KY        |    362092 | PA      | $363450.35    | 0.07%             | 2032-05-28      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP JPMORGAN CH                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -2528500 | PA      | $-2528500.00  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $236884.36    | 0.04%             | 2032-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                                | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    162000 | PA      | $161860.68    | 0.03%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Madison Safety & Flow LLC                               | Madison Safety & Flow LLC 2025 Term Loan B                                       | CUSIP: 55822DAM3<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |    284661 | PA      | $284839.89    | 0.05%             | 2031-09-26      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP NATIONSTAR                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -394685 | PA      | $-394685.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                         | Hanesbrands Inc                                                                  | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15875.90     | 0.00%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                        | CIFC Funding 2019-I Ltd                                                          | CUSIP: 12553DBA4<br>LEI: 254900RRJV30GDUWIX97 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504233.75    | 0.09%             | 2037-10-20      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                | Amentum Government Services Holdings LLC 2024 Term Loan B                        | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    700800 | PA      | $699965.82    | 0.13%             | 2031-09-29      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ECHOSTAR CO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1267971 | PA      | $-1267970.63  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                 | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   2349000 | PA      | $2462916.45   | 0.45%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP TRANSDIGM I                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1481695 | PA      | $-1481695.00  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                    | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    608000 | PA      | $596867.52    | 0.11%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP MATADOR RES                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -282926 | PA      | $-282926.25   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                     | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |     92000 | PA      | $97401.87     | 0.02%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148000 | PA      | $144638.43    | 0.03%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                             | Allied Universal Holdco LLC 2025 USD Term Loan B                                 | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   2713566 | PA      | $2722195.04   | 0.50%             | 2032-08-20      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP OUTFRONT ME                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -230145 | PA      | $-230145.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                            | Barclays PLC                                                                     | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    805000 | PA      | $913885.91    | 0.17%             | 2029-12-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    802000 | PA      | $769920.00    | 0.14%             | 2026-08-15      | Fixed         | 4.13%                 | No            |                  3 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                                | Acuris Finance US Inc / Acuris Finance SARL                                      | CUSIP: 00511BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    403000 | PA      | $391666.03    | 0.07%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP CHOBANI HOL                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -1262369 | PA      | $-1262368.53  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                     | Elevance Health Inc                                                              | CUSIP: 036752AB9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992916.22    | 0.18%             | 2027-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                                | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $211234.82    | 0.04%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP PERFORMANCE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -364808 | PA      | $-364807.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    268000 | PA      | $257411.59    | 0.05%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP MADISON IAQ                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -462590 | PA      | $-462590.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                              | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $123671.60    | 0.02%             | 2030-05-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | SWAP/CDSWAP/SCDS: (EOFP)                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | DE        |     20000 | OU      | $2533.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP RAVEN ACQUI                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -273458 | PA      | $-273457.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                       | Clarios Global LP 2025 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    875000 | PA      | $874728.75    | 0.16%             | 2032-01-28      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| IRCA SPA/GALLARATE                                      | Irca SpA/Gallarate                                                               | CUSIP: 000000000<br>LEI: 815600CDE52BA2426216 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $118250.85    | 0.02%             | 2029-12-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                 | Asbury Automotive Group Inc                                                      | CUSIP: 043436AU8<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    146000 | PA      | $144214.62    | 0.03%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                      | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    168000 | PA      | $172847.27    | 0.03%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                    | Flutter Financing BV 2024 Term Loan B                                            | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   1693147 | PA      | $1685951.33   | 0.31%             | 2030-11-30      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP LLOYDS BANK                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -392400 | PA      | $-392400.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                                  | Nassau Cos of New York/The                                                       | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     96000 | PA      | $98046.24     | 0.02%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    799000 | PA      | $794833.37    | 0.15%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                      | Ardonagh Finco Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    330000 | PA      | $400462.36    | 0.07%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP RR DONNELLE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -563296 | PA      | $-563296.25   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CAESARS ENT                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1045791 | PA      | $-1045791.25  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc                      | Clear Channel Outdoor Holdings Inc 2024 Term Loan                                | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |    347410 | PA      | $347670.36    | 0.06%             | 2028-08-23      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA        | RRP ATLAS LUXCO                                                                  | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | Short            | RA               | CORP              | US        |   -623290 | PA      | $-623290.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CALPINE CORP                                            | Calpine Corp                                                                     | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    106000 | PA      | $104958.37    | 0.02%             | 2029-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                            | US Foods Inc 2024 1st Lien Term Loan B                                           | CUSIP: 90351HAG3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | LON              | CORP              | US        |    645125 | PA      | $648808.66    | 0.12%             | 2031-10-03      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| ZF EUROPE FINANCE BV                                    | ZF Europe Finance BV                                                             | CUSIP: 000000000<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $121869.61    | 0.02%             | 2030-06-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                    | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    160000 | PA      | $219212.76    | 0.04%             | 2032-08-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                       | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1301000 | PA      | $1376792.36   | 0.25%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| DELUXE CORP                                             | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    132000 | PA      | $137836.51    | 0.03%             | 2029-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                    | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19000 | PA      | $20051.33     | 0.00%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                                | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc            | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    163000 | PA      | $171500.94    | 0.03%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                    | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1401014.49   | 0.26%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                 | RRP OLYMPUS WAT                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -300000 | PA      | $-300000.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    261000 | PA      | $273397.50    | 0.05%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP MATCH GROUP                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -131198 | PA      | $-131197.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP GATES CORP                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -186200 | PA      | $-186200.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    519000 | PA      | $497606.61    | 0.09%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition LLC                              | Camelot US Acquisition LLC 2024 Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |    442649 | PA      | $439745.48    | 0.08%             | 2031-01-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP PENNYMAC FI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -232622 | PA      | $-232622.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                                | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    271200 | PA      | $274455.06    | 0.05%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                  | Blackstone Private Credit Fund                                                   | CUSIP: 09261HBW6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    593000 | PA      | $607259.87    | 0.11%             | 2034-11-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cloudera Inc                                            | Cloudera Inc 2021 Term Loan                                                      | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |    365121 | PA      | $358578.03    | 0.07%             | 2028-10-08      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                                | Wildfire Intermediate Holdings LLC                                               | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    252000 | PA      | $254614.50    | 0.05%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                                     | Viavi Solutions Inc                                                              | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    116000 | PA      | $109368.25    | 0.02%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    872000 | PA      | $901344.54    | 0.17%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                  | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1288000 | PA      | $1402275.48   | 0.26%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Oryx Midstream Services Permian Basin LLC               | Oryx Midstream Services Permian Basin LLC 2025 Term Loan B                       | CUSIP: 68764JAJ0<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |   1445602 | PA      | $1444778.00   | 0.26%             | 2028-10-05      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $189299.52    | 0.03%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                                      | MCR 2024-TWA Mortgage Trust                                                      | CUSIP: 582923AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    790000 | PA      | $803303.60    | 0.15%             | 2039-06-12      | Fixed         | 8.73%                 | No            |                  2 | On Loan: No      |
| ATOS SE                                                 | Atos SE                                                                          | CUSIP: 000000000<br>LEI: 5493001EZOOA66PTBR68 | Long             | SN               | CORP              | FR        |     43000 | PA      | $47609.93     | 0.01%             | 2030-12-18      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Corp Trust 2025-800D                                      | CUSIP: 36273XAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $899907.03    | 0.16%             | 2041-11-25      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN                                | Raising Cane's Restaurants LLC                                                   | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |    141000 | PA      | $148013.90    | 0.03%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP BIDCO LTD                                   | BOOTS GROUP BIDCO LTD USD TERM LOAN                                              | CUSIP: 09947PAB7<br>LEI: 254900YVLYOVF1PF1N93 | Long             | LON              | CORP              | US        |    659000 | PA      | $660370.72    | 0.12%             | 2032-08-30      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                        | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    138000 | PA      | $140805.82    | 0.03%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CHOBANI LLC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1345741 | PA      | $-1345741.25  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                      | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $157971.03    | 0.03%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                   | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    142000 | PA      | $143577.48    | 0.03%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                      | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     51000 | PA      | $51257.70     | 0.01%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP PERMIAN RES                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -175142 | PA      | $-175142.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                           | CommScope LLC                                                                    | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    780000 | PA      | $774992.40    | 0.14%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WOM NEW HOLDCO COMMON                                   | WOM NEW HOLDCO COMMON                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       549 | NS      | $12627.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CLEARWAY EN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -164318 | PA      | $-164317.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                       | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133575.39    | 0.02%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                           | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |     89000 | PA      | $93433.98     | 0.02%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    129000 | PA      | $130551.23    | 0.02%             | 2029-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DEEP BLUE OPERATING I LLC                               | DEEP BLUE OPERATING I LLC TERM LOAN                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    164000 | PA      | $164000.00    | 0.03%             | 2032-09-17      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    411000 | PA      | $355411.51    | 0.07%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $192941.20    | 0.04%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                | HAH Group Holding Co LLC                                                         | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    154000 | PA      | $146312.08    | 0.03%             | 2031-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                            | US Foods Inc                                                                     | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    234000 | PA      | $244984.43    | 0.04%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CAPSTONE BO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -469700 | PA      | $-469700.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                  | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBK5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3769786.20   | 0.69%             | 2079-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| INFORMATICA LLC                                         | Informatica LLC 2024 Term Loan B                                                 | CUSIP: 45673YAL0<br>LEI: 5493007SV33RZV7RPS40 | Long             | LON              | CORP              | US        |    678813 | PA      | $679661.20    | 0.12%             | 2028-10-27      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                           | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $120556.82    | 0.02%             | 2029-08-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CITY FOOTBALL GROUP LIMITED                             | City Football Group Limited 2024 Term Loan                                       | CUSIP: 17781XAD8<br>LEI: 213800K6VVWALRH9UJ69 | Long             | LON              | CORP              | GB        |    698385 | PA      | $697805.07    | 0.13%             | 2030-07-22      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                         | ABG Intermediate Holdings 2 LLC 2025 Delayed Draw Term Loan                      | CUSIP: 00076VBM1<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |    352826 | PA      | $352092.12    | 0.06%             | 2032-02-13      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP GFL ENVIRON                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -337669 | PA      | $-337668.75   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MKS INC                                                 | MKS Inc                                                                          | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |    569000 | PA      | $623055.00    | 0.11%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Heritage-Crystal Clean Inc                              | Heritage-Crystal Clean Inc Term Loan B                                           | CUSIP: 465966AB5<br>LEI: 254900KPFL42CYD2VY03 | Long             | LON              | CORP              | US        |    346315 | PA      | $346893.51    | 0.06%             | 2030-10-17      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CCO HOLDING                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1435764 | PA      | $-1435763.75  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3000 | PA      | $2962.59      | 0.00%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP CLYDESDALE                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -370975 | PA      | $-370975.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| SIRVA BGRS HOLDINGS PREFERRED                           | SIRVA BGRS HOLDINGS PREFERRED                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       107 | NS      | $18660.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ING GROEP N                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1522938 | PA      | $-1522937.50  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    208000 | PA      | $198218.32    | 0.04%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                             | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    453000 | PA      | $453827.02    | 0.08%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                         | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    312000 | PA      | $299589.70    | 0.05%             | 2030-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                     | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53308.25     | 0.01%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                    | Matador Resources Co                                                             | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    276000 | PA      | $281668.76    | 0.05%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP HOWDEN UK R                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -725440 | PA      | $-725440.32   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                  | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    137000 | PA      | $136178.00    | 0.02%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                      | Mativ Holdings Inc                                                               | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    153000 | PA      | $151479.06    | 0.03%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ECO SERVICES OPERATIONS CORP                            | ECO Services Operations Corp 2024 Term Loan B                                    | CUSIP: 27922JAC0<br>LEI: 254900NH3N3I82Z6Q744 | Long             | LON              | CORP              | US        |    694374 | PA      | $693290.64    | 0.13%             | 2031-06-12      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                            | Calpine Corp                                                                     | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66804.18     | 0.01%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREEPORT LNG INVESTMENTS LLLP                           | Freeport LNG Investments LLLP 2025 Term Loan B                                   | CUSIP: 35670CAC2<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |   1130976 | PA      | $1129969.78   | 0.21%             | 2028-12-21      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corporation                     | Six Flags Entertainment Corporation 2024 Term Loan B                             | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |    211026 | PA      | $209495.82    | 0.04%             | 2031-05-01      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| TIDEWATER INC                                           | Tidewater Inc                                                                    | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |    206000 | PA      | $220924.64    | 0.04%             | 2030-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    839000 | PA      | $857530.72    | 0.16%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP NRG ENERGY                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -381669 | PA      | $-381668.75   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                   | GFL Environmental Inc 2025 Term Loan B                                           | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |   1305000 | PA      | $1303290.45   | 0.24%             | 2032-03-03      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                        | CIFC Funding 2018-I Ltd                                                          | CUSIP: 17181NAC8<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |   1804000 | PA      | $1809412.00   | 0.33%             | 2038-01-18      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                                     | Shift4 Payments LLC 2025 Term Loan                                               | CUSIP: 000000000<br>LEI: 254900GTEMR7L40VPI74 | Long             | LON              | CORP              | US        |    399000 | PA      | $401824.92    | 0.07%             | 2032-06-30      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                                             | VEGAS 2024-GCS                                                                   | CUSIP: 92254BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $643001.06    | 0.12%             | 2036-07-10      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                           | Truist Insurance Holdings LLC 2nd Lien Term Loan                                 | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    226842 | PA      | $230741.53    | 0.04%             | 2032-05-06      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP MERITAGE HO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -359159 | PA      | $-359158.80   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                                | Weatherford International Ltd                                                    | CUSIP: 947075AW7<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    501000 | PA      | $501348.50    | 0.09%             | 2033-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP BOMBARDIER                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -502705 | PA      | $-502705.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| VISTRA CORP                                             | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    209000 | PA      | $212191.43    | 0.04%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    996000 | PA      | $861104.70    | 0.16%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                          | Constellium SE                                                                   | CUSIP: 21039CAA2<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $499248.90    | 0.09%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                       | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     32000 | PA      | $29895.98     | 0.01%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                          | Edge Finco PLC                                                                   | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $143400.03    | 0.03%             | 2031-08-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| 1011778 BC Unlimited Liability Company                  | 1011778 BC Unlimited Liability Company 2024 Term Loan B6                         | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |   1160990 | PA      | $1156149.00   | 0.21%             | 2030-09-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| TMK HAWK MIDCO CORP 1                                   | TMK HAWK MIDCO CORP 1                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10062 | NS      | $110684.53    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP GARRETT MOT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -90411 | PA      | $-90410.88    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                 | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $330070.76    | 0.06%             | 2033-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                                | Cougar JV Subsidiary LLC                                                         | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $212639.60    | 0.04%             | 2032-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                       | Chord Energy Corp                                                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111450.76    | 0.02%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Regatta XVIII Funding Ltd                               | Regatta XVIII Funding Ltd                                                        | CUSIP: 75884EAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300645.06    | 0.06%             | 2038-04-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                                | Lindblad Expeditions LLC                                                         | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    321000 | PA      | $327192.09    | 0.06%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO LLC                                      | Radiate Holdco LLC 2025 FLFO Term Loan                                           | CUSIP: 75025KAM0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |   2059225 | PA      | $1658314.59   | 0.30%             | 2029-09-25      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                          | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $218000.00    | 0.04%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP GGAM FINANC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -197736 | PA      | $-197736.26   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ELEMENT SOL                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1135800 | PA      | $-1135800.00  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                | Boost Newco Borrower LLC 2025 USD Term Loan B2                                   | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |   2187535 | PA      | $2188453.62   | 0.40%             | 2031-01-31      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Company              | Mauser Packaging Solutions Holding Company 2024 Term Loan B                      | CUSIP: 57763TAE3<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |    527954 | PA      | $527748.56    | 0.10%             | 2027-04-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Galaxy US Opco Inc                                      | Galaxy US Opco Inc Term Loan                                                     | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    333635 | PA      | $302149.67    | 0.06%             | 2030-07-31      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                   | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $171572.50    | 0.03%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP SERVICE COR                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -320050 | PA      | $-320050.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Potters Industries, LLC                                 | Potters Industries LLC 2025 Repriced Term Loan B                                 | CUSIP: 73813HAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    254145 | PA      | $254726.51    | 0.05%             | 2027-12-14      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| NOVELIS SHEET INGOT GMBH                                | Novelis Sheet Ingot GmbH                                                         | CUSIP: 000000000<br>LEI: 9845005E95899E77AY49 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $228608.40    | 0.04%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PG Investment Company 59 Sa rl                          | PG Investment Company 59 Sa rl Term Loan B                                       | CUSIP: 91728NAB5<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | LU        |    378100 | PA      | $378856.20    | 0.07%             | 2031-03-26      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                      | TRSWAP: IBXXLLTR INDEX                                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |   1000000 | OU      | $23561.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PointClickCare Technologies, Inc.                       | PointClickCare Technologies Inc 2025 Term Loan B                                 | CUSIP: 000000000<br>LEI: 5493001Z0LHHBZLVDX36 | Long             | LON              | CORP              | CA        |    520341 | PA      | $520632.60    | 0.10%             | 2031-11-03      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc (New)                             | Genesee & Wyoming Inc (New) 2024 Term Loan                                       | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |   2383421 | PA      | $2373220.24   | 0.43%             | 2031-04-10      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                      | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    304000 | PA      | $321477.00    | 0.06%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217000 | PA      | $224911.17    | 0.04%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAG8<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    163000 | PA      | $165860.20    | 0.03%             | 2030-08-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sparta US HoldCo LLC                                    | Sparta US HoldCo LLC 2024 Term Loan B                                            | CUSIP: 84673EAE9<br>LEI: 5493004EFF9NBQ1A8453 | Long             | LON              | CORP              | US        |   1044372 | PA      | $1029447.68   | 0.19%             | 2030-08-02      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP NOBLE FINAN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -92198 | PA      | $-92197.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                                 | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                  | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    388000 | PA      | $367753.31    | 0.07%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                 | Hungary Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     39000 | PA      | $49631.11     | 0.01%             | 2033-09-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| The Action Environmental Group Inc                      | The Action Environmental Group Inc 2023 Term Loan B                              | CUSIP: 00507JAF3<br>LEI: 549300BB30QUQC86W666 | Long             | LON              | CORP              | US        |    448135 | PA      | $447574.96    | 0.08%             | 2030-10-24      | Floating      | 7.25%                 | No            |                  3 | On Loan: No      |
| EDISON INTERNATIONAL                                    | Edison International                                                             | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3883479.68   | 0.71%             | 2026-03-09      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                       | Post Holdings Inc                                                                | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    102000 | PA      | $104863.98    | 0.02%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP BLOCK INC 6                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1591850 | PA      | $-1591850.00  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| Regatta XXIV Funding Ltd.                               | Regatta XXIV Funding Ltd                                                         | CUSIP: 75889HAU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $252453.05    | 0.05%             | 2038-01-20      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                                       | Levi Strauss & Co                                                                | CUSIP: 000000000<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    120000 | PA      | $142960.60    | 0.03%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                                    | Dycom Industries Inc                                                             | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |    119000 | PA      | $116220.65    | 0.02%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                  | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAF6<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    655000 | PA      | $683690.97    | 0.13%             | 2032-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| LEGENCE HOLDINGS LLC                                    | Legence Holdings LLC 2025 Term Loan B                                            | CUSIP: 75865HAK4<br>LEI: 2549003DYOLJRQR9G070 | Long             | LON              | CORP              | US        |    121103 | PA      | $121224.44    | 0.02%             | 2028-12-18      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                              | Twilio Inc                                                                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    112000 | PA      | $106726.38    | 0.02%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| McAfee, LLC                                             | McAfee LLC 2024 USD 1st Lien Term Loan B                                         | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |   1019882 | PA      | $972396.65    | 0.18%             | 2029-03-01      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CRESCENT EN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -112391 | PA      | $-112391.25   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                     | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    467000 | PA      | $459368.05    | 0.08%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                     | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20727.44     | 0.00%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA        | RRP BROOKFIELD                                                                   | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | Short            | RA               | CORP              | US        |   -243815 | PA      | $-243815.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                   | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    293000 | PA      | $311620.74    | 0.06%             | 2031-05-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP HOWARD MIDS                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -109335 | PA      | $-109335.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Gogo Intermediate Holdings LLC                          | GOGO Intermediate Holdings LLC Term Loan B                                       | CUSIP: 38046JAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    362602 | PA      | $359541.89    | 0.07%             | 2028-04-30      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| SBA Senior Finance II LLC                               | SBA Senior Finance II LLC 2024 Term Loan B                                       | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |   1019667 | PA      | $1022675.18   | 0.19%             | 2031-01-25      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| AVALARA INC                                             | AVALARA INC 2025 TERM LOAN                                                       | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |     61000 | PA      | $60982.92     | 0.01%             | 2032-03-26      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP VENTURE GLO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1326640 | PA      | $-1326640.00  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                                   | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              |  | US        |         1 | NC      | $163.85       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS                                  | Axalta Coating Systems LLC                                                       | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    297000 | PA      | $281379.08    | 0.05%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                  | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    181000 | PA      | $193185.28    | 0.04%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                 | Starwood Property Trust Inc                                                      | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    238000 | PA      | $245846.15    | 0.05%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP ALLIANT HOL                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -906342 | PA      | $-906342.50   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP WAND NEWCO                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -488762 | PA      | $-488762.50   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                                | Trident TPI Holdings Inc 2024 Term Loan B7                                       | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |    617673 | PA      | $605832.49    | 0.11%             | 2028-09-15      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                  | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    939000 | PA      | $1042878.75   | 0.19%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| VIVION INVESTMENTS                                      | Vivion Investments Sarl                                                          | CUSIP: 000000000<br>LEI: 529900SJ7X71ESJK9N76 | Long             | DBT              | CORP              | LU        |    101506 | PA      | $118887.19    | 0.02%             | 2028-08-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP GFL ENVIRON                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -109656 | PA      | $-109656.25   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                    | Bank of America Corp                                                             | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4260000 | PA      | $4432483.14   | 0.81%             | 2030-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                             | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              |  | XX        |      3533 | OU      | $233.06       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                        | Cinemark USA Inc                                                                 | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77951.48     | 0.01%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                | Olympus Water US Holding Corp                                                    | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    400000 | PA      | $388398.36    | 0.07%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EG AMERICA LLC                                          | EG America LLC 2025 USD Repriced Term Loan                                       | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |    181173 | PA      | $182014.07    | 0.03%             | 2028-02-07      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| FORTIS 333 INC                                          | Fortis 333 Inc USD Term Loan B                                                   | CUSIP: 34958SAB5<br>LEI: 254900SLITS19RU1VB55 | Long             | LON              | CORP              | US        |    305235 | PA      | $303199.08    | 0.06%             | 2032-03-29      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                  | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119000 | PA      | $122532.40    | 0.02%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                          | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    365000 | PA      | $394656.67    | 0.07%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                     | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108076.08    | 0.02%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP HUB INTERNA                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2242570 | PA      | $-2242570.00  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| IMPULSORA PIPELINE                                      | Impulsora Pipeline                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1240546 | PA      | $1072173.60   | 0.20%             | 2043-01-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP KAISER ALUM                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -552475 | PA      | $-552475.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                   | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    579000 | PA      | $590573.05    | 0.11%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP NISSAN MOTO                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -582902 | PA      | $-582902.10   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ATLAS CC ACQUISITION CORP                               | Atlas CC Acquisition Corp 2025 Second Out Term Loan C                            | CUSIP: 04921TAS3<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | LON              | CORP              | US        |    277981 | PA      | $158363.17    | 0.03%             | 2029-05-25      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                         | Goat Holdco LLC                                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    339000 | PA      | $347474.90    | 0.06%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                                   | Genesee & Wyoming Inc                                                            | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    340000 | PA      | $345488.28    | 0.06%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP LIFEPOINT H                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -247180 | PA      | $-247180.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP AMERICAN AI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -309825 | PA      | $-309825.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP VENTURE GLO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1963988 | PA      | $-1963987.50  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                 | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    111000 | PA      | $115220.78    | 0.02%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CART                                                    | CONE Trust 2024-DFW1                                                             | CUSIP: 20682AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    660000 | PA      | $659415.57    | 0.12%             | 2041-08-15      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $25571.94     | 0.00%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP HCA INC 5.5                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -597188 | PA      | $-597187.50   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP CHS/COMMUNI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -521336 | PA      | $-521336.25   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                              | Dynasty Acquisition Co Inc 2024 1st Lien Term Loan B1                            | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |   1285340 | PA      | $1285275.95   | 0.24%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| KAIXO BONDCO TELECOM SA                                 | Kaixo Bondco Telecom SA                                                          | CUSIP: 000000000<br>LEI: 959800ULWB3MZHZ69055 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $118835.79    | 0.02%             | 2029-09-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2024-CNYN                                                               | CUSIP: 05612HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    615138 | PA      | $615906.77    | 0.11%             | 2041-04-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                          | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1213000 | PA      | $1244926.16   | 0.23%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    501000 | PA      | $515951.34    | 0.09%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AAL Delaware Holdco Inc                                 | AAL Delaware Holdco Inc 2025 Term Loan                                           | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    212465 | PA      | $212624.17    | 0.04%             | 2031-07-30      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP CHILE (REPU                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -162572 | PA      | $-162571.97   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ARD FINANCE SA                                          | ARD Finance SA                                                                   | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |         1 | PA      | $0.03         | 0.00%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP BIG RIVER S                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -748572 | PA      | $-748572.50   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                            | Aimbridge Acquisition Co Inc 2025 1st Lien Second Out Term Loan                  | CUSIP: 00900YAH9<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |    107492 | PA      | $107089.18    | 0.02%             | 2030-03-11      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                                 | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $259760.00    | 0.05%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                            | MH Sub I LLC 2023 Term Loan                                                      | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    355707 | PA      | $341628.36    | 0.06%             | 2028-05-03      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP NATIONSTAR                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -648450 | PA      | $-648450.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CLYDESDALE                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -371850 | PA      | $-371850.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                   | Northrop Grumman Corp                                                            | CUSIP: 666807BJ0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    600000 | PA      | $487926.03    | 0.09%             | 2045-04-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                                 | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $3000.00      | 0.00%             | 2023-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                              | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    186000 | PA      | $192144.70    | 0.04%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                          | Sabre GLBL Inc 2022 1st Lien Term Loan B                                         | CUSIP: 78571YBJ8<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     15948 | PA      | $14911.74     | 0.00%             | 2028-06-30      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                | Alexandria Real Estate Equities Inc                                              | CUSIP: 015271AS8<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    450000 | PA      | $345164.74    | 0.06%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP LIMA METRO                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -2344499 | PA      | $-2344499.01  | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                                 | OneDigital Borrower LLC 2025 Repriced Term Loan                                  | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |    132000 | PA      | $131837.64    | 0.02%             | 2031-07-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                     | Altice Financing SA                                                              | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $155500.00    | 0.03%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOLCETTO HOLDCO SPA                                     | Dolcetto Holdco SpA                                                              | CUSIP: 000000000<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $120369.38    | 0.02%             | 2032-07-14      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                                     | Walker & Dunlop Inc                                                              | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    143000 | PA      | $146238.47    | 0.03%             | 2033-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                   | American Airlines Inc 2017 1st Lien Term Loan                                    | CUSIP: 02376CAX3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    414174 | PA      | $412794.33    | 0.08%             | 2027-01-29      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                      | Energy Transfer LP                                                               | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    469000 | PA      | $501183.72    | 0.09%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                          | Sabre GLBL Inc 2021 Term Loan B1                                                 | CUSIP: 78571YBG4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    113852 | PA      | $107590.16    | 0.02%             | 2027-12-17      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                 | RRP GRAFTECH GL                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |    -94250 | PA      | $-94250.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                | Aptiv Swiss Holdings Ltd                                                         | CUSIP: 03835VAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    240000 | PA      | $191792.74    | 0.04%             | 2046-10-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Rand Parent, LLC                                        | Rand Parent LLC 2025 Term Loan B                                                 | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    704790 | PA      | $701139.23    | 0.13%             | 2030-03-18      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP STANDARD BU                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -305786 | PA      | $-305786.25   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                  | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     93000 | PA      | $96406.42     | 0.02%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP IMOLA MERGE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -294938 | PA      | $-294937.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP ALEXANDRIA                                                                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -319500 | PA      | $-319500.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                                       | Amsted Industries Inc                                                            | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128297.50    | 0.02%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP HEALTHEQUIT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -459712 | PA      | $-459712.50   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP SPIRIT AERO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -474386 | PA      | $-474386.25   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1617000 | PA      | $1601968.85   | 0.29%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                        | Vital Energy Inc                                                                 | CUSIP: 516806AJ5<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    251000 | PA      | $262058.56    | 0.05%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                     | CUSIP: 11135FBJ9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    700000 | PA      | $576048.91    | 0.11%             | 2041-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Baldwin Insurance Group Holdings LLC                    | Baldwin Insurance Group Holdings LLC 2025 Term Loan B2                           | CUSIP: 05825HAH7<br>LEI: 5493004GCDREAQPPYG20 | Long             | LON              | CORP              | US        |    512565 | PA      | $512139.08    | 0.09%             | 2031-05-26      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                   | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2505000 | PA      | $2605495.59   | 0.48%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Zelis Payments Buyer Inc                                | Zelis Payments Buyer Inc Term Loan B                                             | CUSIP: 98932TAG8<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |    640000 | PA      | $638131.20    | 0.12%             | 2029-09-28      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP NATIONSTAR                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -190328 | PA      | $-190327.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSCONT GAS PIPE LINE                                 | Transcontinental Gas Pipe Line Co LLC                                            | CUSIP: 893574AK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $279199.30    | 0.05%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALIXPARTNERS LLP                                        | AlixPartners LLP 2025 USD Term Loan                                              | CUSIP: 01642PBE5<br>LEI: 5493005G2MHUFTGARL57 | Long             | LON              | CORP              | US        |   1506683 | PA      | $1495804.59   | 0.27%             | 2032-08-12      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                                | United Natural Foods Inc                                                         | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    253000 | PA      | $252979.94    | 0.05%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LION/POLARIS LUX 4 SA                                   | Lion/Polaris Lux 4 SA                                                            | CUSIP: 000000000<br>LEI: 984500BFD3F99A7UB874 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $118711.81    | 0.02%             | 2029-07-01      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                  | WESCO Distribution Inc                                                           | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    149000 | PA      | $154843.82    | 0.03%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                      | CNX Resources Corp                                                               | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    114000 | PA      | $118266.66    | 0.02%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP QUALCOMM IN                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -493500 | PA      | $-493500.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                                       | Cedar Funding XV CLO Ltd                                                         | CUSIP: 15032QAC6<br>LEI: 5493002XZZZCKFWQIL45 | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $451223.96    | 0.08%             | 2035-04-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| ABANCA CORP BANCARIA SA                                 | Abanca Corp Bancaria SA                                                          | CUSIP: 000000000<br>LEI: 54930056IRBXK0Q1FP96 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $120900.33    | 0.02%             | 2036-12-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                  | Northern Oil & Gas Inc                                                           | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    729000 | PA      | $739292.75    | 0.14%             | 2028-03-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                           | Cable One Inc                                                                    | CUSIP: 12685JAE5<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |     88000 | PA      | $85712.41     | 0.02%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                     | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    122000 | PA      | $132351.70    | 0.02%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP TEREX CORPO                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |    -62156 | PA      | $-62156.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Parexel International Corporation                       | Parexel International Corporation 2025 Term Loan B                               | CUSIP: 71911KAE4<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |   1415761 | PA      | $1416497.32   | 0.26%             | 2028-11-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                             | RRP WYNN MACAU                                                                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | Short            | RA               | CORP              | US        |   -689358 | PA      | $-689358.49   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                            | Fibercop SpA                                                                     | CUSIP: 683879AD2<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    242000 | PA      | $230665.13    | 0.04%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JAZZ FINANCING LUX SARL                                 | Jazz Financing Lux Sarl 2024 1st Lien Term Loan B2                               | CUSIP: 000000000<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |   1082352 | PA      | $1082872.02   | 0.20%             | 2028-05-05      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                       | CLEAN HARBORS INC 2025 TERM LOAN                                                 | CUSIP: 18449EAJ9<br>LEI: 5493000SJVZVZJKHJF48 | Long             | LON              | CORP              | US        |    391000 | PA      | $391488.75    | 0.07%             | 2032-09-24      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                   | Charter Communications Operating LLC 2024 Term Loan B5                           | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    483283 | PA      | $483041.65    | 0.09%             | 2031-12-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CAPITAL ONE                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -437250 | PA      | $-437250.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                   | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    124000 | PA      | $107037.98    | 0.02%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG                          | SEAGATE DATA STOR                                                                | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    449000 | PA      | $475312.30    | 0.09%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     88000 | PA      | $87557.76     | 0.02%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                         | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1159000 | PA      | $1173421.63   | 0.21%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                   | American Airlines Inc 2024 1st Lien Term Loan B                                  | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    649998 | PA      | $648912.48    | 0.12%             | 2028-02-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                      | Viking Cruises Ltd                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    549000 | PA      | $589252.68    | 0.11%             | 2031-07-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                   | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1961667 | PA      | $1999291.77   | 0.37%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ACP TARA HOLDINGS INC                                   | ACP TARA HOLDINGS INC 2025 TERM LOAN B                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    140000 | PA      | $140000.00    | 0.03%             | 2032-09-17      | Floating      | 7.38%                 | No            |                  3 | On Loan: No      |
| ALLIED UNIVERSAL                                        | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1156000 | PA      | $1136410.31   | 0.21%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                   | Nabors Industries Inc                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    118000 | PA      | $119782.74    | 0.02%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                   | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1202000 | PA      | $1245084.49   | 0.23%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                              | Fertitta Entertainment LLC 2022 Term Loan B                                      | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |   2624530 | PA      | $2619910.48   | 0.48%             | 2029-01-27      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                       | Waste Pro USA Inc                                                                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    987000 | PA      | $1022331.64   | 0.19%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                      | Alternative Loan Trust 2005-54CB                                                 | CUSIP: 12668APP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    938988 | PA      | $498967.83    | 0.09%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    225000 | PA      | $230609.48    | 0.04%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP LCM INVESTM                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -308940 | PA      | $-308940.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                   | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    339000 | PA      | $382632.11    | 0.07%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CCO HOLDING                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1287211 | PA      | $-1287211.25  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Project Boost Purchaser LLC                             | Project Boost Purchaser LLC 2025 Refinancing Term Loan                           | CUSIP: 74339NAG1<br>LEI: 254900SVSL94NTLSDY26 | Long             | LON              | CORP              | US        |   1201184 | PA      | $1197436.24   | 0.22%             | 2031-07-16      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                                    | CP Atlas Buyer Inc 2025 Term Loan                                                | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |    567000 | PA      | $554242.50    | 0.10%             | 2030-07-08      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| ROSSINI SARL                                            | Rossini Sarl                                                                     | CUSIP: 000000000<br>LEI: 549300EC5JCCW6F83R11 | Long             | DBT              | CORP              | LU        |     42427 | PA      | $50456.33     | 0.01%             | 2029-12-31      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP UNITI GROUP                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -505249 | PA      | $-505248.75   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | XX        |      4331 | OU      | $285.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WEX INC                                                 | WEX Inc 2025 Incremental Term Loan B                                             | CUSIP: 96208UAX9<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | LON              | CORP              | US        |    308450 | PA      | $307003.37    | 0.06%             | 2032-03-05      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                | LABL Inc                                                                         | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    233000 | PA      | $180529.61    | 0.03%             | 2028-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP US FOODS IN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -215865 | PA      | $-215865.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Peraton Corp                                            | Peraton Corp Term Loan B                                                         | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    960288 | PA      | $808207.32    | 0.15%             | 2028-02-01      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE/GLOBAL                                 | Global Net Lease Inc / Global Net Lease Operating Partnership LP                 | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    108000 | PA      | $104825.16    | 0.02%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP IRON MOUNTA                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -381175 | PA      | $-381175.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| PLANVIEW PARENT INC                                     | Planview Parent Inc 2024 1st Lien Term Loan                                      | CUSIP: 72751PAJ3<br>LEI: 549300SEALM1D9FKMA32 | Long             | LON              | CORP              | US        |    179002 | PA      | $176017.61    | 0.03%             | 2027-12-17      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP CA MAGNUM H                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -329857 | PA      | $-329856.94   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    420000 | PA      | $441590.02    | 0.08%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP HERC HOLDIN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -121062 | PA      | $-121062.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CLARIOS GLO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -640395 | PA      | $-640395.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP UBS GROUP A                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -657792 | PA      | $-657792.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP SPIRIT AERO                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -328100 | PA      | $-328100.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Summer (BC) Holdco B Sa rl                              | Summer (BC) Holdco B Sa rl 2024 USD Term Loan B                                  | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | LON              | CORP              | LU        |    148249 | PA      | $145531.97    | 0.03%             | 2029-02-15      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                             | Asurion LLC 2024 Term Loan B12                                                   | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    174121 | PA      | $173385.81    | 0.03%             | 2030-09-19      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| CNT HOLDINGS I CORP                                     | CNT Holdings I Corp 2025 Term Loan                                               | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |    684148 | PA      | $683553.25    | 0.13%             | 2032-11-08      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                                | AmeriTex HoldCo Intermediate LLC                                                 | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    222000 | PA      | $231055.05    | 0.04%             | 2033-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING COMPANY LLC                          | Go Daddy Operating Company LLC 2024 Term Loan B7                                 | CUSIP: 38017BAW6<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |   1148805 | PA      | $1146702.33   | 0.21%             | 2031-05-30      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP HUSKY IMS C                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -714139 | PA      | $-714138.75   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                         | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58670.82     | 0.01%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP SERVICE COR                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -224208 | PA      | $-224207.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| VRTX Trust                                              | VRTX Trust 2025-HQ                                                               | CUSIP: 91835XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    895000 | PA      | $903879.03    | 0.17%             | 2042-08-05      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                        | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    600000 | PA      | $569476.96    | 0.10%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CRESCENT EN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -354344 | PA      | $-354343.75   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Restoration Hardware Inc                                | Restoration Hardware Inc 2022 Incremental Term Loan                              | CUSIP: 76133MAC5<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |    140390 | PA      | $137230.88    | 0.03%             | 2028-10-20      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP 1011778 BC                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -365411 | PA      | $-365411.25   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                  | CHL Mortgage Pass-Through Trust 2007-HY5                                         | CUSIP: 12544BAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148225 | PA      | $137699.32    | 0.03%             | 2037-09-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP TENET HEALT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -480975 | PA      | $-480975.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                          | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3200000 | PA      | $3280166.53   | 0.60%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                              | CUSIP: 03846JAC4<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $156600.00    | 0.03%             | 2061-02-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                            | Focus Financial Partners LLC 2025 Incremental Term Loan B                        | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |   1059967 | PA      | $1060072.72   | 0.19%             | 2031-09-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| VERITAS SERIES G PREFERRED STO                          | VERITAS SERIES G PREFERRED STO                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      2283 | NS      | $51938.25     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    282000 | PA      | $286998.45    | 0.05%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP PETROLEOS M                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -139732 | PA      | $-139731.70   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ARCLINE FM HOLDINGS LLC                                 | Arcline FM Holdings LLC 2025 Term Loan                                           | CUSIP: 03960DAH6<br>LEI: 2549000HKCEC1E8UTO17 | Long             | LON              | CORP              | US        |    512715 | PA      | $512315.08    | 0.09%             | 2030-06-24      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                           | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1327763 | PA      | $1460765.02   | 0.27%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                 | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | US        |    100000 | PA      | $122679.57    | 0.02%             | 2032-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP COMMSCOPE L                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -166414 | PA      | $-166413.75   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    429000 | PA      | $429677.82    | 0.08%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAXAM PRILL SARL                                        | Maxam Prill Sarl                                                                 | CUSIP: 000000000<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $119191.55    | 0.02%             | 2030-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                          | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    532000 | PA      | $514124.18    | 0.09%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                                | Almaviva-The Italian Innovation Co SpA                                           | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $119264.29    | 0.02%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC                                             | Chobani LLC 2025 Repriced Term Loan B                                            | CUSIP: 17026YAK5<br>LEI: 549300ISVDMZ91KNTR38 | Long             | LON              | CORP              | US        |   2766249 | PA      | $2772584.06   | 0.51%             | 2027-10-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP W R GRACE H                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -260360 | PA      | $-260360.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Ventas Realty LP                                        | Ventas Realty LP                                                                 | CUSIP: 92277GAG2<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    650000 | PA      | $648641.03    | 0.12%             | 2026-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP FERTITTA EN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -332995 | PA      | $-332995.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP JEFFERIES F                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -236844 | PA      | $-236843.75   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                        | APi Group DE Inc                                                                 | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98030.99     | 0.02%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                        | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    205000 | PA      | $212587.26    | 0.04%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Serta Simmons Bedding LLC                               | Serta Simmons Bedding LLC 2023 New Term Loan                                     | CUSIP: 81753HAJ0<br>LEI: 549300M4F4V4WFPNI116 | Long             | LON              | CORP              | US        |    197824 | PA      | $184754.10    | 0.03%             | 2028-06-29      | Floating      | 11.62%                | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP BAT CAPITAL                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -537170 | PA      | $-537170.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| DELTA 2 LUX SARL                                        | Delta 2 (LUX) Sarl 2024 Term Loan B2                                             | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |    448718 | PA      | $448578.85    | 0.08%             | 2031-09-30      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                  | HAT Holdings I LLC / HAT Holdings II LLC                                         | CUSIP: 418751AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $58300.63     | 0.01%             | 2027-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC                   | Prime Security Services Borrower LLC 2025 Incremental Term Loan B                | CUSIP: 03765VAQ3<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    930215 | PA      | $920764.29    | 0.17%             | 2032-03-07      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP AVANTOR FUN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -347331 | PA      | $-347331.25   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP W R GRACE H                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -936424 | PA      | $-936423.75   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                                  | Darling Global Finance BV                                                        | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |    180000 | PA      | $213363.62    | 0.04%             | 2032-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                      | Osaic Holdings Inc                                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    212000 | PA      | $219716.16    | 0.04%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WOOF HOLDINGS INC                                       | WOOF Holdings Inc 2025 Second Out Exchange Term Loan                             | CUSIP: 95004UAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59889 | PA      | $25752.38     | 0.00%             | 2029-12-31      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                                | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    116000 | PA      | $62640.00     | 0.01%             | 2029-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                            | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    865000 | PA      | $865441.15    | 0.16%             | 2028-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP ANHEUSER BU                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -651391 | PA      | $-651390.87   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CRESCENT EN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -211665 | PA      | $-211665.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| LABL INC                                                | LABL Inc                                                                         | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    327000 | PA      | $240225.22    | 0.04%             | 2031-10-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                       | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     23000 | PA      | $22746.23     | 0.00%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $97842.22     | 0.02%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    272000 | PA      | $276224.72    | 0.05%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                       | NatWest Group PLC                                                                | CUSIP: 780097BQ3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1185000 | PA      | $1186372.23   | 0.22%             | 2025-12-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                  | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    409000 | PA      | $419588.19    | 0.08%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP LEVEL 3 FIN                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -424370 | PA      | $-424369.87   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     13000 | PA      | $15561.81     | 0.00%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WILSONART LLC                                           | Wilsonart LLC 2024 Term Loan B                                                   | CUSIP: 97246FAM8<br>LEI: 549300SAZRUMYKDJBY14 | Long             | LON              | CORP              | US        |   1677230 | PA      | $1618526.54   | 0.30%             | 2031-08-05      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                | Cloud Software Group Inc 2025 Term Loan B (2032)                                 | CUSIP: 88632NBL3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   2536108 | PA      | $2543335.93   | 0.47%             | 2032-08-13      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Altice Financing SA                                     | Altice Financing SA USD 2017 1st Lien Term Loan                                  | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | LON              | CORP              | LU        |    509649 | PA      | $489263.17    | 0.09%             | 2026-01-31      | Floating      | 9.00%                 | No            |                  3 | On Loan: No      |
| BX Trust                                                | BX Trust 2024-PAT                                                                | CUSIP: 05612FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $169999.56    | 0.03%             | 2041-03-15      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD                                  | Sable International Finance Ltd                                                  | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |    493000 | PA      | $499421.33    | 0.09%             | 2032-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                      | TRSWAP: IBXXLLTR INDEX                                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |   8000000 | OU      | $-543.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Coherent Corp                                           | Coherent Corp 2025 1st Lien Term Loan B2                                         | CUSIP: 45173JAS3<br>LEI: 549300O5C25A0MMHHU33 | Long             | LON              | CORP              | US        |    454627 | PA      | $453749.48    | 0.08%             | 2029-07-02      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                    | Boots Group Finco LP                                                             | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    360000 | PA      | $434811.67    | 0.08%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                                           | CoreLogic Inc Term Loan                                                          | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |   1053446 | PA      | $1052455.79   | 0.19%             | 2028-06-02      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CHURCHILL D                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -744199 | PA      | $-744198.75   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                            | CUSIP: 25714PET1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    150000 | PA      | $161775.00    | 0.03%             | 2031-02-03      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                 | ATI Inc                                                                          | CUSIP: 01741RAN2<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    535000 | PA      | $561581.48    | 0.10%             | 2030-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WEBER STEPHEN PRODUCTS LLC                              | WEBER STEPHEN PRODUCTS LLC 2025 TERM LOAN B                                      | CUSIP: 000000000<br>LEI: 549300XU8TJBBGLK8V26 | Long             | LON              | CORP              | US        |    845000 | PA      | $835493.75    | 0.15%             | 2032-09-17      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 2YR NOTE (CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       644 | NC      | $-41865.55    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Symphony CLO Ltd                                        | Symphony CLO 40 Ltd                                                              | CUSIP: 871989AP4<br>LEI: 25490001HYY3IX1I5Z32 | Long             | ABS-CBDO         | CORP              | BM        |    500000 | PA      | $501929.60    | 0.09%             | 2038-01-05      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                        | APi Group DE Inc 2025 Term Loan                                                  | CUSIP: 00186XAN3<br>LEI: 549300XP4G7B4QYA0G83 | Long             | LON              | CORP              | US        |   1415877 | PA      | $1414503.33   | 0.26%             | 2029-01-03      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                  | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    402000 | PA      | $412951.69    | 0.08%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP OUTFRONT ME                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -77441 | PA      | $-77441.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                         | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    261000 | PA      | $230079.41    | 0.04%             | 2027-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $152690.35    | 0.03%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                        | GGAM Finance Ltd                                                                 | CUSIP: 36170JAB2<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     45000 | PA      | $45112.30     | 0.01%             | 2026-05-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                        | Vmed O2 UK Financing I PLC                                                       | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $128082.74    | 0.02%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP NCL CORPORA                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -379237 | PA      | $-379236.90   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| IPS Corporation                                         | IPS Corporation 2021 Term Loan                                                   | CUSIP: 12659EAC2<br>LEI: 25490024F0AS5UR7DB02 | Long             | LON              | CORP              | US        |    686909 | PA      | $685837.63    | 0.13%             | 2028-10-02      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| GrafTech Finance Inc                                    | GrafTech Finance Inc 2024 Term Loan                                              | CUSIP: 000000000<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | LON              | CORP              | US        |    105051 | PA      | $106679.19    | 0.02%             | 2029-12-21      | Floating      | 10.16%                | No            |                  2 | On Loan: No      |
| VERITAS SERIES G 1 PREFERRED                            | VERITAS SERIES G 1 PREFERRED                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      1576 | NS      | $35854.00     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| CREATIVE ARTISTS AGENCY LLC                             | Creative Artists Agency LLC 2025 Repriced Term Loan B                            | CUSIP: 22526WAU2<br>LEI: 5493008FV5TCFL3KHH96 | Long             | LON              | CORP              | US        |   1788591 | PA      | $1790451.55   | 0.33%             | 2031-10-01      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                           | TransDigm Inc 2025 Term Loan M                                                   | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1683000 | PA      | $1680845.76   | 0.31%             | 2032-08-19      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                 | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    323000 | PA      | $331156.37    | 0.06%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                        | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    600000 | PA      | $504566.46    | 0.09%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Nomad Foods US LLC                                      | Nomad Foods US LLC 2023 Term Loan B5                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    576009 | PA      | $576228.21    | 0.11%             | 2029-11-12      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                 | X Corp Term Loan                                                                 | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1562339 | PA      | $1531311.14   | 0.28%             | 2029-10-26      | Floating      | 10.96%                | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP NOVELIS COR                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -327990 | PA      | $-327990.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| THE 2023-MIC Trust                                      | 2023-MIC Trust/THE                                                               | CUSIP: 87256GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234000 | PA      | $253545.67    | 0.05%             | 2038-12-05      | Variable      | 9.86%                 | No            |                  2 | On Loan: No      |
| Republic Services Inc                                   | Republic Services Inc                                                            | CUSIP: 760759AS9<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    750000 | PA      | $741199.99    | 0.14%             | 2027-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                      | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              |  | XX        |      7206 | OU      | $475.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                    | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91000 | PA      | $98242.87     | 0.02%             | 2032-09-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP VENTURE GLO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -371535 | PA      | $-371535.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| TEXAS COMPETITIVE ELECTRIC HOL                          | Texas Competitive Electric HOL Corp Bond                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    780000 | PA      | $0.08         | 0.00%             | 2021-11-10      | Floating      | 5.03%                 | No            |                  3 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                                | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    240000 | PA      | $244250.64    | 0.04%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                 | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    381000 | PA      | $386028.25    | 0.07%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                 | CUSIP: 3133KY4C0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2726714 | PA      | $2758899.27   | 0.51%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                       | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    214000 | PA      | $231942.86    | 0.04%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| DK Trust                                                | DK Trust 2025-LXP                                                                | CUSIP: 23292LAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    274000 | PA      | $274085.63    | 0.05%             | 2037-08-15      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| BIG RIVER STEEL/BRS FIN                                 | Big River Steel LLC / BRS Finance Corp                                           | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    806000 | PA      | $806315.15    | 0.15%             | 2029-01-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $34927.95     | 0.01%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP DIRECTV FIN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -217500 | PA      | $-217500.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                       | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    334000 | PA      | $337109.21    | 0.06%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP UWM HOLDING                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -301305 | PA      | $-301305.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                           | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    934000 | PA      | $895369.76    | 0.16%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                                   | Illuminate Buyer LLC / Illuminate Holdings IV Inc                                | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $28088.48     | 0.01%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP OLYMPUS WAT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -902000 | PA      | $-902000.00   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings Inc                          | Medical Solutions Holdings Inc 2021 1st Lien Term Loan                           | CUSIP: 58462QAH4<br>LEI: 549300JH2XHZ7TIKYR39 | Long             | LON              | CORP              | US        |    386510 | PA      | $132518.94    | 0.02%             | 2028-11-01      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                                  | Argent Securities Trust 2006-W5                                                  | CUSIP: 04012XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3640045 | PA      | $2416969.70   | 0.44%             | 2036-06-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                   | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    605000 | PA      | $626343.66    | 0.11%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                   | Citadel Securities LP 2024 First Lien Term Loan                                  | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    744414 | PA      | $745627.32    | 0.14%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FTAI AVIATI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -935923 | PA      | $-935923.37   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| ATI INC                                                 | ATI Inc                                                                          | CUSIP: 01741RAM4<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    215000 | PA      | $211586.70    | 0.04%             | 2031-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SIRVA BGRS HOLDINGS INC                                 | SIRVA BGRS HOLDINGS INC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       464 | NS      | $386.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                     | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    435000 | PA      | $419533.13    | 0.08%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALEXANDRITE LAKE LUX HOL                                | Alexandrite Lake Lux Holdings Sarl                                               | CUSIP: 000000000<br>LEI: 213800RY78YHYF5J8L55 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $120107.61    | 0.02%             | 2030-07-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WABASH NATIONAL CORP                                    | Wabash National Corp                                                             | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |    146000 | PA      | $135461.28    | 0.02%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                    | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    299000 | PA      | $308654.85    | 0.06%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                     | Somnigroup International Inc                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |     48000 | PA      | $43961.89     | 0.01%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                  | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12285.00     | 0.00%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Corpay Technologies Operating Company LLC               | Corpay Technologies Operating Company LLC Term Loan B5                           | CUSIP: 33903RAZ2<br>LEI: 549300FKKKZCXLK48427 | Long             | LON              | CORP              | US        |   1630903 | PA      | $1627853.56   | 0.30%             | 2028-04-28      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| X.AI Corp                                               | XAI Corp Term Loan                                                               | CUSIP: 98402XAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    553738 | PA      | $535048.86    | 0.10%             | 2030-06-28      | Floating      | 11.12%                | No            |                  2 | On Loan: No      |
| TITANIUM 2L BONDCO SARL                                 | Titanium 2l Bondco Sarl                                                          | CUSIP: 000000000<br>LEI: 636700S4QMU2DWYOSF67 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $30335.66     | 0.01%             | 2031-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                   | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    796000 | PA      | $806375.06    | 0.15%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                          | NRG Energy Inc                                                                   | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1609000 | PA      | $1609231.10   | 0.29%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Elanco Animal Health Incorporated                       | Elanco Animal Health Inc Term Loan B                                             | CUSIP: 28414BAF3<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |    642067 | PA      | $641213.10    | 0.12%             | 2027-08-01      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                     | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    797000 | PA      | $796281.42    | 0.15%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ECHOSTAR CO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -644580 | PA      | $-644580.09   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP CONSTELLIUM                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -313700 | PA      | $-313700.03   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES LLC                              | RRP FHLMC 20YR                                                                   | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | Short            | RA               | CORP              | US        |  -2638897 | PA      | $-2638897.09  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| Aretec Group Inc                                        | Aretec Group Inc 2024 1st Lien Term Loan B                                       | CUSIP: 04009DAH7<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |    330313 | PA      | $330259.89    | 0.06%             | 2030-08-09      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     33000 | PA      | $39847.09     | 0.01%             | 2034-09-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                 | X Corp 2025 Fixed Term Loan                                                      | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     91000 | PA      | $91214.76     | 0.02%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NAKED JUICE LLC                                         | Naked Juice LLC 2025 FLTO Term Loan                                              | CUSIP: 62984CAN3<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |    325423 | PA      | $132339.83    | 0.02%             | 2030-01-24      | Floating      | 10.10%                | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                    | Garda World Security Corp                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    532000 | PA      | $545355.33    | 0.10%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2022-VAMF                                                               | CUSIP: 05609TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1198875.00   | 0.22%             | 2039-01-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     85000 | PA      | $85998.75     | 0.02%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2024-XL4                                            | CUSIP: 05611VAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     92804 | PA      | $93064.54     | 0.02%             | 2039-02-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP FTAI AVIATI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -378784 | PA      | $-378783.91   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Learning Care Group (US) No 2 Inc                       | Learning Care Group (US) No 2 Inc 2024 Term Loan B                               | CUSIP: 52200MAL4<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |    108788 | PA      | $106612.57    | 0.02%             | 2028-08-11      | Floating      | 8.32%                 | No            |                  3 | On Loan: No      |
| MIDCAP FINANCIAL                                        | Midcap Financial Issuer Trust                                                    | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $377164.00    | 0.07%             | 2030-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SCHAEFFLER AG                                           | Schaeffler AG                                                                    | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $119328.98    | 0.02%             | 2028-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LABL Inc                                                | LABL Inc 2021 USD 1st Lien Term Loan                                             | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    928582 | PA      | $759115.76    | 0.14%             | 2028-10-30      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2021-CIP                                            | CUSIP: 12434FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    879645 | PA      | $879095.30    | 0.16%             | 2038-12-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                   | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    863000 | PA      | $884269.50    | 0.16%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VERISURE HOLDING AB                                     | Verisure Holding AB                                                              | CUSIP: 000000000<br>LEI: 549300VQQCWGISM3N408 | Long             | DBT              | CORP              | SE        |     80000 | PA      | $96337.98     | 0.02%             | 2027-10-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                          | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    230000 | PA      | $172720.80    | 0.03%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                     | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    209000 | PA      | $198751.71    | 0.04%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                          | NRG Energy Inc                                                                   | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    475000 | PA      | $517923.85    | 0.09%             | 2028-03-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                 | ZAYO GROUP HOLDINGS INC 2025 USD TERM LOAN                                       | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    110000 | PA      | $106608.70    | 0.02%             | 2030-03-11      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $50.85        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                | Olympus Water US Holding Corp                                                    | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    596000 | PA      | $604209.90    | 0.11%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                              | BFLD Commercial Mortgage Trust 2024-UNIV                                         | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    630000 | PA      | $632362.50    | 0.12%             | 2041-11-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAE3<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47222.36     | 0.01%             | 2032-03-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CSC HOLDING                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -297660 | PA      | $-297660.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP ALLIED UNIV                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |  -1814312 | PA      | $-1814312.50  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                               | RRP BROADCOM IN                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -525000 | PA      | $-525000.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| AbbVie Inc                                              | AbbVie Inc                                                                       | CUSIP: 00287YBF5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007932.98   | 0.18%             | 2028-11-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GENERAC POWER SYSTEMS INC                               | Generac Power Systems Inc 2024 Term Loan B                                       | CUSIP: 36874VAQ1<br>LEI: 549300JQWLGGW8KC1X38 | Long             | LON              | CORP              | US        |    153450 | PA      | $154025.44    | 0.03%             | 2031-07-03      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP VENTURE GLO                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -982350 | PA      | $-982350.00   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| PG&E CORP                                               | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   2078000 | PA      | $2134833.40   | 0.39%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP NGL ENERGY                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -198752 | PA      | $-198752.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| EQT CORP                                                | EQT Corp                                                                         | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20002.87     | 0.00%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                         | Fair Isaac Corp                                                                  | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    354000 | PA      | $344280.49    | 0.06%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP UNIVISION C                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -603200 | PA      | $-603200.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2605000 | PA      | $2734580.36   | 0.50%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $64.92        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OEG FINANCE PLC                                         | OEG Finance PLC                                                                  | CUSIP: 000000000<br>LEI: 254900KMBHWF9UK63G44 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $122709.22    | 0.02%             | 2029-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                                | Focus Financial Partners LLC                                                     | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    259000 | PA      | $265246.56    | 0.05%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                  | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2026000 | PA      | $2149086.35   | 0.39%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                   | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    704000 | PA      | $702966.53    | 0.13%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                       | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     19000 | PA      | $18898.58     | 0.00%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                             | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    420000 | PA      | $389588.39    | 0.07%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                            | GS Mortgage Securities Corp Trust 2025-800D                                      | CUSIP: 36273XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195000 | PA      | $195276.30    | 0.04%             | 2041-11-25      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Setanta Aircraft Leasing Designated Activity Company    | Setanta Aircraft Leasing Designated Activity Company 2024 Term Loan B            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    206850 | PA      | $207797.37    | 0.04%             | 2028-11-05      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP RAKUTEN GRO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -386902 | PA      | $-386901.75   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                                 | Digital Realty Trust LP                                                          | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |     85000 | PA      | $89250.00     | 0.02%             | 2029-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| AI AQUA MERGER SUB INC                                  | AI Aqua Merger Sub Inc 2024 1st Lien Term Loan B                                 | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   1253359 | PA      | $1255602.89   | 0.23%             | 2028-07-31      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                    | WR Grace Holdings LLC                                                            | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    283000 | PA      | $288605.95    | 0.05%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                    | Kaiser Aluminum Corp                                                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $725748.41    | 0.13%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CLARIVATE S                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -625975 | PA      | $-625975.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                        | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    502000 | PA      | $493533.57    | 0.09%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Cotiviti Corporation                                    | Cotiviti Corporation 2024 Fixed Term Loan B                                      | CUSIP: 22164MAD9<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    595000 | PA      | $596671.95    | 0.11%             | 2031-05-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                             | Chemours Co/The                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174066.27    | 0.03%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP NOVELIS COR                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -624608 | PA      | $-624607.50   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ADLER FINANCING SARL                                    | Adler Financing Sarl                                                             | CUSIP: 000000000<br>LEI: 213800BAQB59IVKP7S93 | Long             | DBT              | CORP              | LU        |     58387 | PA      | $72965.49     | 0.01%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CALPINE COR                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |    -95798 | PA      | $-95797.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                    | Reworld Holding Corp Term Loan B                                                 | CUSIP: 22282GAM9<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |    471212 | PA      | $471211.78    | 0.09%             | 2028-11-30      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP OLYMPUS WAT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -575140 | PA      | $-575140.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Barracuda Networks Inc                                  | Barracuda Networks Inc 2022 Term Loan                                            | CUSIP: 06832FAB3<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |    653120 | PA      | $545276.42    | 0.10%             | 2029-08-15      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                           | Vistra Operations Company LLC 1st Lien Term Loan B3                              | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |    681555 | PA      | $682093.88    | 0.12%             | 2030-12-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc                                             | Tenneco Inc 2022 Term Loan B                                                     | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |    829000 | PA      | $810090.51    | 0.15%             | 2028-11-17      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| SPRINGS WINDOWS FASHIONS LLC                            | Springs Windows Fashions LLC 2024 FLFO A1 Term Loan                              | CUSIP: 78489HAG3<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |    128626 | PA      | $128786.73    | 0.02%             | 2029-12-19      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $199344.75    | 0.04%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                  | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |         1 | NC      | $13734.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                   | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    893000 | PA      | $924608.80    | 0.17%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | SWAP/CDSWAP/CDS: (ITRAXX.XO.42.V2 20-35%)                                        | CUSIP: 000000000<br>LEI: QHSFEYI7HUOXXZ413E03 | N/A              | DCR              |  | FR        |     33000 | OU      | $5415.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp                                             | Oracle Corp                                                                      | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    785000 | PA      | $552608.22    | 0.10%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                   | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    366000 | PA      | $365589.35    | 0.07%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                       | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    361000 | PA      | $405931.79    | 0.07%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US LONG BOND(CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -80 | NC      | $-204381.74   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP MORGAN STAN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |  -2613000 | PA      | $-2613000.00  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| PREGIS TOPCO CORPORATION                                | Pregis TopCo Corporation 2025 Refinancing Term Loan                              | CUSIP: 74045BAG2<br>LEI: 549300LJXHJYHS1GM034 | Long             | LON              | CORP              | US        |    423538 | PA      | $426184.92    | 0.08%             | 2029-02-01      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                 | Light & Wonder International Inc                                                 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    242000 | PA      | $242411.40    | 0.04%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP WHITE CAP B                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1751306 | PA      | $-1751306.25  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP W R GRACE H                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |    -75100 | PA      | $-75100.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                          | Transocean International Ltd                                                     | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    138000 | PA      | $136049.54    | 0.02%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                  | General Motors Financial Co Inc                                                  | CUSIP: 37045XEB8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035755.75   | 0.19%             | 2028-01-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                               | HUB International Limited 2025 Term Loan B                                       | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   2152957 | PA      | $2155583.35   | 0.39%             | 2030-06-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TRANSDIGM INC 2025 TERM LOAN K                                                   | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    844963 | PA      | $843949.28    | 0.15%             | 2030-03-22      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP SUNRISE FIN                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -180734 | PA      | $-180734.16   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Asurion LLC                                             | Asurion LLC 2021 Second Lien Term Loan B4                                        | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    538000 | PA      | $513865.32    | 0.09%             | 2029-01-20      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FRONTIER CO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -293590 | PA      | $-293590.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                  | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAE9<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    147000 | PA      | $148543.94    | 0.03%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                     | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    129000 | PA      | $132514.48    | 0.02%             | 2032-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc                                            | QUALCOMM Inc                                                                     | CUSIP: 747525AV5<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    600000 | PA      | $514021.06    | 0.09%             | 2047-05-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                  | GreenSky Home Improvement Issuer Trust 2024-2                                    | CUSIP: 39571XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101008.17    | 0.02%             | 2059-10-27      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                  | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    291000 | PA      | $295916.77    | 0.05%             | 2033-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1386000 | PA      | $1426949.37   | 0.26%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                       | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211547.20    | 0.04%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ATI INC 5.1                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -195112 | PA      | $-195112.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP LAMB WESTON                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -287820 | PA      | $-287820.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| TRAVELPORT                                              | TRAVELPORT                                                                       | CUSIP: 000000000<br>LEI: IO4AG7EXK7ETMHT8ZR57 | Long             | EC               | CORP              | US        |        90 | NS      | $271640.70    | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| Mitchell International, Inc.                            | Mitchell International Inc 2024 1st Lien Term Loan                               | CUSIP: 60662WAW2<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |   1187010 | PA      | $1185241.36   | 0.22%             | 2031-06-17      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                                 | Empire Communities Corp                                                          | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |     51000 | PA      | $53474.52     | 0.01%             | 2029-05-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP UKG INC 6.8                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -2419312 | PA      | $-2419312.50  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| INCORA TOP HOLDCO LLC 6 31JA                            | INCORA TOP HOLDCO LLC 6 31JA                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198065 | PA      | $49793.47     | 0.01%             | 2033-01-31      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| CONSTELLIUM SE                                          | Constellium SE                                                                   | CUSIP: 21039CAD6<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    317000 | PA      | $324037.08    | 0.06%             | 2032-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $122850.52    | 0.02%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                     | Medline Borrower LP 2025 Term Loan B                                             | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   4129213 | PA      | $4128965.65   | 0.76%             | 2028-10-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                | Olympus Water US Holding Corp                                                    | CUSIP: 000000000<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $123136.71    | 0.02%             | 2028-11-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                             | BEACH ACQUISITION BIDCO LLC USD TERM LOAN B                                      | CUSIP: 07337FAB1<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |    179000 | PA      | $179746.43    | 0.03%             | 2032-09-12      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                      | UBS AG/Stamford CT                                                               | CUSIP: 22550L2K6<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |   1200000 | PA      | $1220192.70   | 0.22%             | 2027-07-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KUEHG CORP                                              | KUEHG Corp 2025 Term Loan                                                        | CUSIP: 50118YAH2<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |    248890 | PA      | $248631.64    | 0.05%             | 2030-06-12      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                                | Minerals Technologies Inc                                                        | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |    169000 | PA      | $165620.93    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                 | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    397000 | PA      | $394258.00    | 0.07%             | 2032-04-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                              | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2666932.74   | 0.49%             | 2030-07-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP HUB INTERNA                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -4341601 | PA      | $-4341601.25  | -0.79%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP AMENTUM HOL                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -203820 | PA      | $-203820.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                         | Maya SAS/Paris France                                                            | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    479000 | PA      | $513724.15    | 0.09%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                 | Zayo Group Holdings Inc USD Term Loan                                            | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   2013949 | PA      | $1982491.49   | 0.36%             | 2027-03-09      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                   | Williams Scotsman Inc                                                            | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    307000 | PA      | $315984.36    | 0.06%             | 2030-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ILIAD HOLDI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -480231 | PA      | $-480231.03   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Zurn Holdings Inc                                       | Zurn Holdings Inc 2021 Term Loan B                                               | CUSIP: 76168JAS5<br>LEI: 549300XLZXRC2KJ6VK87 | Long             | LON              | CORP              | US        |    389461 | PA      | $391245.19    | 0.07%             | 2028-10-04      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300665.79    | 0.06%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP VIKING CRUI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -551707 | PA      | $-551707.18   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    748000 | PA      | $776048.50    | 0.14%             | 2032-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2023-NQM6 Trust                                                              | CUSIP: 67117VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    686377 | PA      | $692144.71    | 0.13%             | 2063-07-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP STAGWELL GL                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |    -93804 | PA      | $-93803.75    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Restoration Hardware Inc                                | Restoration Hardware Inc Term Loan B                                             | CUSIP: 76133MAB7<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |    305745 | PA      | $297209.07    | 0.05%             | 2028-10-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                       | Trimaran Cavu 2021-1 Ltd                                                         | CUSIP: 89624NAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251133.10    | 0.05%             | 2037-07-23      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                                | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $415496.00    | 0.08%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                                  | MGM China Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $249845.00    | 0.05%             | 2026-05-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP GENESIS ENE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -323820 | PA      | $-323820.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                      | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |   1333000 | PA      | $1389235.94   | 0.25%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                 | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    946000 | PA      | $989570.87    | 0.18%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                                 | Great Canadian Gaming Corp/Raptor LLC                                            | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |    408000 | PA      | $403445.17    | 0.07%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                           | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    286000 | PA      | $295379.08    | 0.05%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CCC Intelligent Solutions Inc                           | CCC Intelligent Solutions Inc Term Loan                                          | CUSIP: 12511BAC6<br>LEI: 5493006JEEL9RIWY5T17 | Long             | LON              | CORP              | US        |   1489630 | PA      | $1487306.61   | 0.27%             | 2032-01-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| SWF HOLDINGS I CORP                                     | SWF Holdings I Corp                                                              | CUSIP: 78500CAA2<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | DBT              | CORP              | US        |    209600 | PA      | $104800.00    | 0.02%             | 2029-10-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                        | Altice France SA                                                                 | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    381000 | PA      | $335280.00    | 0.06%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EOC Borrower LLC                                        | EOC Borrower LLC Term Loan B                                                     | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1877295 | PA      | $1876356.35   | 0.34%             | 2032-03-24      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ENTEGRIS ES                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -477731 | PA      | $-477731.25   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    518000 | PA      | $527157.20    | 0.10%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS INC                             | Surgery Center Holdings Inc 2025 Term Loan B                                     | CUSIP: 86880NBD4<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |    857570 | PA      | $857732.80    | 0.16%             | 2030-12-19      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP MEDLINE BOR                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1186905 | PA      | $-1186905.00  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Cvent, Inc.                                             | Cvent Inc 2025 Term Loan B                                                       | CUSIP: 14071CAE8<br>LEI: 254900YSP2BAI3YKIX08 | Long             | LON              | CORP              | US        |    722309 | PA      | $720351.54    | 0.13%             | 2030-06-17      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                               | Gainwell Acquisition Corp Term Loan B                                            | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    429737 | PA      | $422324.36    | 0.08%             | 2027-10-01      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| WHATABRANDS LLC                                         | Whatabrands LLC 2024 1st Lien Term Loan B                                        | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |    583957 | PA      | $584254.81    | 0.11%             | 2028-08-03      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                  | RRP CCO HOLDING                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -354469 | PA      | $-354468.75   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP STANDARD BU                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -376275 | PA      | $-376275.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                    | Chart Industries Inc                                                             | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     79000 | PA      | $84637.20     | 0.02%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                                | Hertz Corporation (The) 2021 Term Loan B                                         | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    598445 | PA      | $536182.36    | 0.10%             | 2028-06-30      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE FINANCIAL LLC                               | Dealer Tire Financial LLC 2024 1st Lien Term Loan B                              | CUSIP: 24228HAR9<br>LEI: 894500QBE5Z2XQWCJ779 | Long             | LON              | CORP              | US        |    687802 | PA      | $683791.65    | 0.13%             | 2031-07-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                                   | EG Global Finance PLC                                                            | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    298000 | PA      | $327310.09    | 0.06%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                 | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              |  | US        |   1995000 | PA      | $2101134.00   | 0.38%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP VMED O2 UK                                                                   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -280676 | PA      | $-280676.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC                  | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $36894.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corporation                       | Great Canadian Gaming Corporation 2024 Term Loan B                               | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |    460719 | PA      | $442580.87    | 0.08%             | 2029-11-01      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                               | Bausch & Lomb Corporation 2025 Term Loan B                                       | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   1053471 | PA      | $1052596.97   | 0.19%             | 2031-01-15      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                          | Transocean International Ltd                                                     | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    432000 | PA      | $431399.37    | 0.08%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                               | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    895000 | PA      | $920186.20    | 0.17%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                                           | Coherent Corp                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295861.17    | 0.05%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                                     | Worldline SA/France                                                              | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |      2400 | PA      | $2686.70      | 0.00%             | 2026-07-30      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-659.41      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                  | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    456000 | PA      | $501506.06    | 0.09%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ILIAD HOLDI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -201258 | PA      | $-201258.13   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Kaman Corporation                                       | Kaman Corporation 2025 Term Loan B                                               | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |    351790 | PA      | $350439.23    | 0.06%             | 2032-02-26      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                  | JW Commercial Mortgage Trust 2024-MRCO                                           | CUSIP: 46657XAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $801500.00    | 0.15%             | 2039-06-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CLYDESDALE                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -401700 | PA      | $-401700.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE                                | Perrigo Finance Unlimited Co                                                     | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    220000 | PA      | $221475.10    | 0.04%             | 2032-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA        | RRP APTIV PLC 4                                                                  | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | Short            | RA               | CORP              | US        |   -178500 | PA      | $-178500.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FRONTIER CO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -700290 | PA      | $-700290.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| VIZIENT INC                                             | Vizient Inc 2024 Term Loan B                                                     | CUSIP: 92855LAR7<br>LEI: 5493007V6T3HZ7777P70 | Long             | LON              | CORP              | US        |    599412 | PA      | $600161.55    | 0.11%             | 2031-08-01      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP GRAY MEDIA                                                                   | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -439580 | PA      | $-439580.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| CALPINE CORP                                            | Calpine Corp                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6970.47      | 0.00%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                 | WINDSTREAM SERVICES LLC 2025 TERM LOAN B                                         | CUSIP: 000000000<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |    709000 | PA      | $701910.00    | 0.13%             | 2032-09-24      | Floating      | 8.14%                 | No            |                  3 | On Loan: No      |
| Churchill Downs Inc                                     | Churchill Downs Inc                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    137000 | PA      | $135173.79    | 0.02%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                             | Asurion LLC 2021 2nd Lien Term Loan B3                                           | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    364000 | PA      | $353990.00    | 0.06%             | 2028-01-31      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance Limited                   | Digicel International Finance Limited 2025 Term Loan B                           | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | LON              | CORP              | BM        |    356000 | PA      | $355555.00    | 0.07%             | 2032-08-06      | Floating      | 9.49%                 | No            |                  2 | On Loan: No      |
| OCADO GROUP PLC                                         | Ocado Group PLC                                                                  | CUSIP: 000000000<br>LEI: 213800LO8F61YB8MBC74 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $135121.73    | 0.02%             | 2030-06-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                                | Virgin Media Vendor Financing Notes IV DAC                                       | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |    554000 | PA      | $542670.64    | 0.10%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                | Ares Strategic Income Fund                                                       | CUSIP: 04020EAD9<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126220.00    | 0.02%             | 2030-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2021-XL2                                            | CUSIP: 05609KAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130624 | PA      | $130542.05    | 0.02%             | 2038-10-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Aruba Investments Holdings LLC                          | Aruba Investments Holdings LLC 2020 USD Term Loan                                | CUSIP: 04317JAB4<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |    325723 | PA      | $316114.34    | 0.06%             | 2027-11-24      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                            | Broadcom Inc                                                                     | CUSIP: 11135FAL5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1594000 | PA      | $1598935.10   | 0.29%             | 2028-09-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP VITAL ENERG                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -202991 | PA      | $-202991.25   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Perrigo Investments, LLC                                | Perrigo Investments LLC 2024 Term Loan B                                         | CUSIP: 71429TAF7<br>LEI: 549300POZGC78VHAAJ73 | Long             | LON              | CORP              | US        |    329691 | PA      | $329140.21    | 0.06%             | 2029-04-20      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| American Builders & Contractors Supply Co Inc           | American Builders & Contractors Supply Co Inc 2024 Term Loan B                   | CUSIP: 02474RAJ2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | LON              | CORP              | US        |    843286 | PA      | $844744.91    | 0.15%             | 2031-01-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    938000 | PA      | $966545.59    | 0.18%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP CCO HOLDING                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |    -97240 | PA      | $-97240.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP ALLIANT HOL                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -852720 | PA      | $-852720.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CARNIVAL CO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -697250 | PA      | $-697249.73   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP RHP HOTEL P                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -147420 | PA      | $-147420.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| GIP Pilot Acquisition Partners LP                       | GIP Pilot Acquisition Partners LP 2025 Term Loan B                               | CUSIP: 31773HAE2<br>LEI: 254900NQOAOPPA12X060 | Long             | LON              | CORP              | US        |    132354 | PA      | $132063.74    | 0.02%             | 2030-10-04      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM CORP CLAIM                                   | MILLENNIUM CORP CLAIM CORPORATE TRUST CLAIMS                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    861100 | PA      | $0.09         | 0.00%             | 2049-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| SHIFT4 PAYMENTS INC                                     | Shift4 Payments Inc                                                              | CUSIP: 82452JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    174000 | PA      | $178524.00    | 0.03%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS                                        | Insight Enterprises Inc                                                          | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |    148000 | PA      | $151744.40    | 0.03%             | 2032-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                  | RR 24 Ltd                                                                        | CUSIP: 75000HBA1<br>LEI: 2549005CH9FMTJFP8I04 | Long             | ABS-CBDO         | CORP              | BM        |    250000 | PA      | $250968.03    | 0.05%             | 2037-01-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                | Olympus Water US Holding Corp                                                    | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1154450.00   | 0.21%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                                 | Iron Mountain Information Management Services Inc                                | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    199000 | PA      | $191744.64    | 0.04%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIRVA Worldwide Inc                                     | SIRVA Worldwide Inc 2024 Term Loan                                               | CUSIP: 000000000<br>LEI: 549300NHGBSB7RBY2786 | Long             | LON              | CORP              | US        |    250479 | PA      | $95182.21     | 0.02%             | 2029-08-20      | Floating      | 12.20%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAD2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1807235.85   | 0.33%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                                | American Water Capital Corp                                                      | CUSIP: 03040WBA2<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    900000 | PA      | $898176.76    | 0.16%             | 2032-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP INTERPUBLIC                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -123471 | PA      | $-123471.25   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                                | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              |  | US        |    327000 | PA      | $321163.64    | 0.06%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                               | Esab Corp                                                                        | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    266000 | PA      | $273262.60    | 0.05%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATLAS CC ACQUISITION CORP                               | Atlas CC Acquisition Corp 2025 Second Out Term Loan B                            | CUSIP: 04921TAR5<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | LON              | CORP              | US        |   1941059 | PA      | $1105801.71   | 0.20%             | 2029-05-25      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                       | Polaris Newco LLC USD Term Loan B                                                | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    843958 | PA      | $812427.67    | 0.15%             | 2028-06-02      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    471000 | PA      | $461358.22    | 0.08%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| OMNIA PARTNERS LLC                                      | OMNIA Partners LLC 2024 Term Loan B                                              | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |    336600 | PA      | $336546.14    | 0.06%             | 2030-07-25      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                                 | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    189000 | PA      | $193950.58    | 0.04%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP ARSENAL AIC                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -806540 | PA      | $-806540.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                  | RRP TEVA PHARMA                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -103598 | PA      | $-103597.82   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP BLUE OWL CA                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -106132 | PA      | $-106132.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                            | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    236000 | PA      | $248332.89    | 0.05%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Minerals Technologies Inc                               | Minerals Technologies Inc 2024 Term Loan B                                       | CUSIP: 60315GAH1<br>LEI: 549300D3I1QU67GP6403 | Long             | LON              | CORP              | US        |    496250 | PA      | $496250.00    | 0.09%             | 2031-11-26      | Floating      | 6.16%                 | No            |                  3 | On Loan: No      |
| GARDA WORLD SECURITY                                    | Garda World Security Corp                                                        | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $64442.56     | 0.01%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                           | OLYMPUS WATER US HOLDING CORP 2025 USD TERM LOAN B                               | CUSIP: 68163YAK1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    836000 | PA      | $829136.44    | 0.15%             | 2032-07-23      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP ALLIANT HOL                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -755055 | PA      | $-755055.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| DAYFORCE INC                                            | Dayforce Inc 2025 Term Loan B                                                    | CUSIP: 23958CAD9<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |   1315400 | PA      | $1315399.95   | 0.24%             | 2031-03-01      | Floating      | 6.31%                 | No            |                  3 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50586.29     | 0.01%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                              | Twilio Inc                                                                       | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    251000 | PA      | $236008.37    | 0.04%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                  | Lumen Technologies Inc 2024 Extended Term Loan B2                                | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |    716407 | PA      | $711134.61    | 0.13%             | 2030-04-15      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                  | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    515000 | PA      | $528291.74    | 0.10%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                        | Lamar Media Corp                                                                 | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $38293.45     | 0.01%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                              | DaVita Inc                                                                       | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    169000 | PA      | $174272.46    | 0.03%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                          | Gray Media Inc                                                                   | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    545000 | PA      | $540069.22    | 0.10%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    179000 | PA      | $171762.49    | 0.03%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                              | Amneal Pharmaceuticals LLC 2025 Term Loan B                                      | CUSIP: 03167DAR5<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |   1175000 | PA      | $1173037.75   | 0.21%             | 2032-08-01      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    370000 | PA      | $391517.35    | 0.07%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    238000 | PA      | $251314.37    | 0.05%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                        | CIFC Funding 2022-VII Ltd                                                        | CUSIP: 12569GAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $506305.35    | 0.09%             | 2038-01-22      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                                  | Telecom Italia Capital SA                                                        | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    381000 | PA      | $422068.82    | 0.08%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| WOM MOBILE SA                                           | WOM Mobile SA                                                                    | CUSIP: 97810LAA7<br>LEI: 549300T600VUO0QJ3063 | Long             | DBT              | CORP              | CL        |     11566 | PA      | $11092.95     | 0.00%             | 2031-04-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP BROADCOM IN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -360524 | PA      | $-360523.75   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| SENSATA TECH INC                                        | Sensata Technologies Inc                                                         | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    483000 | PA      | $466170.35    | 0.09%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP AXALTA COAT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -260618 | PA      | $-260617.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAE0<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    371000 | PA      | $391130.83    | 0.07%             | 2031-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                               | Crocs Inc                                                                        | CUSIP: 227046AA7<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23958.25     | 0.00%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $43.69        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP VIRGIN MEDI                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -412824 | PA      | $-412824.18   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR ULTRA FUT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        71 | NC      | $71110.93     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FTAI AVIATI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -712208 | PA      | $-712207.75   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                        | CIFC Funding 2017-I Ltd                                                          | CUSIP: 17181PAG4<br>LEI: 549300X1SKS4LNS5LQ62 | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $553887.57    | 0.10%             | 2037-04-21      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP SOTHEBYS 7.                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -618445 | PA      | $-618445.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ATI INC                                                 | ATI Inc                                                                          | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    101000 | PA      | $99299.86     | 0.02%             | 2029-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                                 | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    284000 | PA      | $290810.98    | 0.05%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP SURGERY CEN                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -498438 | PA      | $-498437.50   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES LLC                              | RRP FNMA 30YR F                                                                  | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | Short            | RA               | CORP              | US        |  -1395280 | PA      | $-1395279.53  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP FRONTIER CO                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -294481 | PA      | $-294481.25   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Waystar Technologies, Inc.                              | Waystar Technologies Inc 2025 Term Loan B                                        | CUSIP: 63939WAN3<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |    775845 | PA      | $775519.14    | 0.14%             | 2029-10-22      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Axalta Coating Systems U.S. Holdings, Inc.              | Axalta Coating Systems US Holdings Inc 2024 Term Loan B7                         | CUSIP: 90347BAP3<br>LEI: 549300NZ43V4QV4UGN28 | Long             | LON              | CORP              | US        |    710147 | PA      | $712292.06    | 0.13%             | 2029-12-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP FORTRESS IN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -470044 | PA      | $-470043.75   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ABBVIE INC                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -957500 | PA      | $-957500.00   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| DK Trust                                                | DK Trust 2025-LXP                                                                | CUSIP: 23292LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    293000 | PA      | $293274.69    | 0.05%             | 2037-08-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP NGL ENERGY                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -801950 | PA      | $-801950.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP VENTURE GLO                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -334762 | PA      | $-334762.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| XHR LP                                                  | XHR LP                                                                           | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    121000 | PA      | $124324.23    | 0.02%             | 2030-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    339000 | PA      | $349618.84    | 0.06%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                                | Science Applications International Corp                                          | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235072.98    | 0.04%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP SERVICE COR                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -603341 | PA      | $-603341.25   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                                | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    685000 | PA      | $702402.19    | 0.13%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                    | CITGO Petroleum Corp                                                             | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    778000 | PA      | $808491.38    | 0.15%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CHART INDUS                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -500225 | PA      | $-500225.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                | Ares Strategic Income Fund                                                       | CUSIP: 04020EAK3<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223566.82    | 0.04%             | 2030-09-09      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                   | Level 3 Financing Inc                                                            | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    511289 | PA      | $467190.32    | 0.09%             | 2030-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES LLC                              | RRP FGOLD 20YR                                                                   | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | Short            | RA               | CORP              | US        |   -699776 | PA      | $-699775.58   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                                   | Bread Financial Holdings Inc                                                     | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |     41000 | PA      | $42100.40     | 0.01%             | 2035-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP OPTION CARE                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -181300 | PA      | $-181300.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ITELYUM REGENERATION SPA                                | Itelyum Regeneration Spa                                                         | CUSIP: 000000000<br>LEI: 815600051FBC23AA8A45 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $119447.14    | 0.02%             | 2030-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                   | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1436000 | PA      | $1477080.24   | 0.27%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP CIVITAS RES                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -171840 | PA      | $-171840.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                | Project Alpha Intermediate Holding Inc 2024 1st Lien Term Loan B                 | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    475376 | PA      | $476455.60    | 0.09%             | 2030-10-26      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                          | CarVal CLO II Ltd                                                                | CUSIP: 14686AAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1537558 | PA      | $1538306.60   | 0.28%             | 2032-04-20      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Oxea Holding Drei GmbH                                  | Oxea Holding Drei GmbH 2017 USD Term Loan B2                                     | CUSIP: 000000000<br>LEI: 529900MSP24R2FE9U796 | Long             | LON              | CORP              | US        |    847249 | PA      | $778054.05    | 0.14%             | 2031-04-08      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP UBS GROUP A                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -443638 | PA      | $-443637.80   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                          | Constellium SE                                                                   | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    735000 | PA      | $699340.45    | 0.13%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Whitewater Matterhorn Holdings LLC                      | Whitewater Matterhorn Holdings LLC 2025 Term Loan B                              | CUSIP: 000000000<br>LEI: 2138009J7G187M6C4Q91 | Long             | LON              | CORP              | US        |    140000 | PA      | $139847.40    | 0.03%             | 2032-06-16      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| CA MAGNUM HOLDINGS                                      | CA Magnum Holdings                                                               | CUSIP: 12674CAA1<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | CORP              | MU        |    542000 | PA      | $539357.75    | 0.10%             | 2026-10-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TKO Worldwide Holdings, LLC                             | TKO Worldwide Holdings LLC 2024 Term Loan B4                                     | CUSIP: 90266UAK9<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |   1453099 | PA      | $1454682.88   | 0.27%             | 2031-11-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| WEX INC                                                 | WEX Inc 2024 Term Loan B2                                                        | CUSIP: 96208UAW1<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | LON              | CORP              | US        |    168722 | PA      | $168450.15    | 0.03%             | 2028-03-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1384976.83   | 0.25%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP DEUTSCHE BA                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1053107 | PA      | $-1053107.00  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                                 | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                      | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    741000 | PA      | $694190.93    | 0.13%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                            | Navient Corp                                                                     | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    127000 | PA      | $140369.16    | 0.03%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                       | Herc Holdings Inc Term Loan B                                                    | CUSIP: 000000000<br>LEI: 549300TP80QLITMSBP82 | Long             | LON              | CORP              | US        |    156000 | PA      | $156585.00    | 0.03%             | 2032-06-02      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Jeld-Wen Inc                                            | JELD-WEN Inc                                                                     | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    240000 | PA      | $234205.70    | 0.04%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                   | Level 3 Financing Inc                                                            | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     53553 | PA      | $46042.73     | 0.01%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP LCM INVESTM                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -257212 | PA      | $-257212.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    108000 | PA      | $105413.25    | 0.02%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust                          | Upgrade Master Pass-Thru Trust Series 2025-ST4                                   | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    261743 | PA      | $262847.22    | 0.05%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                                | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118000 | PA      | $122720.00    | 0.02%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                  | U.S. Treasury Notes                                                              | CUSIP: 91282CKS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28500000 | PA      | $28689703.13  | 5.25%             | 2026-05-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    640000 | PA      | $640986.88    | 0.12%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                             | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    515000 | PA      | $534489.80    | 0.10%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CHAMBERLAIN GROUP INC                                   | CHAMBERLAIN GROUP INC 2025 TERM LOAN B                                           | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |   2039960 | PA      | $2040817.02   | 0.37%             | 2032-09-08      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                       | NatWest Group PLC                                                                | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    735000 | PA      | $827429.93    | 0.15%             | 2033-11-10      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                                | Aston Martin Capital Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $130769.90    | 0.02%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                     | Intesa Sanpaolo SpA                                                              | CUSIP: 46115HAW7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $200435.01    | 0.04%             | 2026-01-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Celestica Inc                                           | Celestica Inc 2024 Term Loan B                                                   | CUSIP: 000000000<br>LEI: 549300J3CG5T6RZWLN53 | Long             | LON              | CORP              | CA        |    227125 | PA      | $228260.63    | 0.04%             | 2031-06-20      | Floating      | 5.92%                 | No            |                  3 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2024-NQM17 Trust                                                             | CUSIP: 673911AC7<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-MBS          | CORP              | US        |   1073702 | PA      | $1083065.11   | 0.20%             | 2064-11-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP VENTURE GLO                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -792321 | PA      | $-792321.25   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    411000 | PA      | $412839.64    | 0.08%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                 | Light & Wonder International Inc                                                 | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     51000 | PA      | $52344.92     | 0.01%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP MILLROSE PR                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -489379 | PA      | $-489378.75   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| DIAMOND FRGN/DIAMOND FIN                                | Diamond Foreign Asset Co / Diamond Finance LLC                                   | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    125000 | PA      | $132460.75    | 0.02%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                           | Truist Insurance Holdings LLC 2024 Term Loan B                                   | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2290637 | PA      | $2287063.71   | 0.42%             | 2031-05-06      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                               | Block Inc                                                                        | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    406000 | PA      | $400666.18    | 0.07%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP MAJORDRIVE                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -166208 | PA      | $-166207.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                     | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    524000 | PA      | $394310.00    | 0.07%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                        | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $556299.38    | 0.10%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                 | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    296000 | PA      | $303528.23    | 0.06%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                 | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    566000 | PA      | $587318.41    | 0.11%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                                    | Wrangler Holdco Corp                                                             | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20853.98     | 0.00%             | 2032-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP ATHENAHEALT                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -394312 | PA      | $-394312.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                         | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    858000 | PA      | $907071.59    | 0.17%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Gulfside Supply Inc                                     | Gulfside Supply Inc Term Loan B                                                  | CUSIP: 40273UAE9<br>LEI: 5493009BEGVKVXE2HW08 | Long             | LON              | CORP              | US        |    266667 | PA      | $266714.67    | 0.05%             | 2031-06-17      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| STAR HOLDING LLC                                        | Star Holding LLC                                                                 | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |    256000 | PA      | $254004.33    | 0.05%             | 2031-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP TRANSDIGM I                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1258456 | PA      | $-1258456.25  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                      | SWAP/CDSWAP/SCDS: (CMACG)                                                        | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | XX        |     30000 | OU      | $2513.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                      | Ally Financial Inc                                                               | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1947855.18   | 0.36%             | 2026-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP GARDA WORLD                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -485450 | PA      | $-485450.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                          | NRG Energy Inc                                                                   | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    604000 | PA      | $603383.52    | 0.11%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP UBS GROUP A                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -4358400 | PA      | $-4358400.00  | -0.80%            |  |  |  | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                                      | PINNACLE BUYER LLC DELAYED DRAW TERM LOAN                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     92404 | PA      | $92519.38     | 0.02%             | 2032-09-10      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP MEDLINE BOR                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -555019 | PA      | $-555018.75   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Element Materials Technology Group US Holdings Inc      | Element Materials Technology Group US Holdings Inc 2022 USD Term Loan            | CUSIP: 000000000<br>LEI: 213800EGOJGGUKUGEZ30 | Long             | LON              | CORP              | US        |    335026 | PA      | $336804.61    | 0.06%             | 2029-07-06      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| DRAKE SOFTWARE LLC                                      | Drake Software LLC 2024 Term Loan B                                              | CUSIP: 23344UAF7<br>LEI: 25490030X7DBAF7KCR65 | Long             | LON              | CORP              | US        |    346758 | PA      | $346178.72    | 0.06%             | 2031-06-26      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                   | Williams Scotsman Inc                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32731.36     | 0.01%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP BEACH ACQUI                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -719152 | PA      | $-719152.50   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP PANTHER ESC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -2436112 | PA      | $-2436112.50  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                 | RRP ACADIA HEAL                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |    -96094 | PA      | $-96093.75    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                    | IHO Verwaltungs GmbH                                                             | CUSIP: 000000000<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $127085.28    | 0.02%             | 2031-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                 | Crescent Energy Finance LLC                                                      | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    391000 | PA      | $380702.83    | 0.07%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Corp.                       | Mavis Tire Express Services Corp 2025 Repriced Term Loan                         | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |   1730227 | PA      | $1729223.15   | 0.32%             | 2028-05-04      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                | Dana Inc                                                                         | CUSIP: 235825AJ5<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    134000 | PA      | $131944.57    | 0.02%             | 2032-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                  | Lumen Technologies Inc                                                           | CUSIP: 550241AB9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    200166 | PA      | $196258.76    | 0.04%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP WILLIAMS SC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -368010 | PA      | $-368010.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                 | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |    819000 | PA      | $870238.28    | 0.16%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    327000 | PA      | $331148.00    | 0.06%             | 2030-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| EIRCOM FINANCE DAC                                      | eircom Finance DAC                                                               | CUSIP: 000000000<br>LEI: 254900NA4DUH50UERM85 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $120254.84    | 0.02%             | 2031-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ECHOSTAR CO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |    -47073 | PA      | $-47072.81    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP GRAY MEDIA                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -361806 | PA      | $-361806.25   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSURBAN FINANCE CO                                   | Transurban Finance Co Pty Ltd                                                    | CUSIP: 89400PAE3<br>LEI: 54930081LPJMUMEA6E57 | Long             | DBT              | CORP              | AU        |    435000 | PA      | $434530.08    | 0.08%             | 2026-02-02      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                             | Chemours Co/The                                                                  | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    477000 | PA      | $465253.73    | 0.09%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Entegris Inc                                            | Entegris Inc 2023 Term Loan B                                                    | CUSIP: 29362LAM6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | LON              | CORP              | US        |    314136 | PA      | $316020.92    | 0.06%             | 2029-07-06      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                   | CWABS Asset-Backed Certificates Trust 2006-25                                    | CUSIP: 12668HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    413933 | PA      | $390039.09    | 0.07%             | 2037-06-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                          | Brink's Co/The                                                                   | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    162000 | PA      | $168503.49    | 0.03%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                   | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1577000 | PA      | $1640110.23   | 0.30%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                   | Quikrete Holdings Inc 2025 Term Loan B1                                          | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    787045 | PA      | $786596.44    | 0.14%             | 2031-04-14      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| LIGADO NETWORKS LLC                                     | Ligado Networks LLC                                                              | CUSIP: 53225HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217453 | PA      | $71215.86     | 0.01%             | 2023-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                          | Morgan Stanley                                                                   | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     55000 | NS      | $1383250.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CABLEVISION LIGHTPATH                                   | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194168.24    | 0.04%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                  | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    249000 | PA      | $249569.71    | 0.05%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 000000000<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    160000 | PA      | $196251.34    | 0.04%             | 2030-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Packers Holdings LLC                                    | Packers Holdings LLC 2021 Term Loan                                              | CUSIP: 69519UAF9<br>LEI: 549300X0L6OJNRPME518 | Long             | LON              | CORP              | US        |    481861 | PA      | $150340.50    | 0.03%             | 2028-03-09      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP VISTRA OPER                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -284760 | PA      | $-284760.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    138000 | PA      | $139183.63    | 0.03%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP USI INC 7.5                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -353292 | PA      | $-353292.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW GOLD INC                                            | New Gold Inc                                                                     | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |    305000 | PA      | $319464.02    | 0.06%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP DARLING ING                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -221921 | PA      | $-221921.25   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| HEARTHSIDE EQUITY                                       | HEARTHSIDE EQUITY                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4335 | NS      | $83140.97     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                     | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    304000 | PA      | $299345.38    | 0.05%             | 2029-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP ENEL FINANC                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -841500 | PA      | $-841500.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP GARDA WORLD                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -761880 | PA      | $-761880.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP EDISON INTE                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -3205000 | PA      | $-3205000.00  | -0.59%            |  |  |  | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                        | Wand NewCo 3 Inc 2025 Repriced Term Loan B                                       | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |   1116108 | PA      | $1111710.91   | 0.20%             | 2031-01-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| HOWDEN GROUP HOLDINGS LTD                               | Howden Group Holdings Ltd 2025 USD Term Loan B                                   | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |   1118242 | PA      | $1118029.18   | 0.20%             | 2031-02-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                      | Morocco Government International Bond                                            | CUSIP: 617726AK0<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $191344.00    | 0.04%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                    | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    172000 | PA      | $184595.21    | 0.03%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP CONSTELLIUM                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -400000 | PA      | $-400000.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                  | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BK6<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    109000 | PA      | $101415.49    | 0.02%             | 2033-04-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                               | BlackRock Liquidity Funds: T-Fund, Institutional Shares                          | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1622279 | NS      | $1622278.81   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LES SCHWAB TIRE CENTERS                                 | Les Schwab Tire Centers 2025 Term Loan B                                         | CUSIP: 50220KAD6<br>LEI: 549300GJM1TKHPYFPF83 | Long             | LON              | CORP              | US        |    512088 | PA      | $510489.93    | 0.09%             | 2031-04-23      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                                 | Brown Group Holding LLC 2022 Incremental Term Loan B2                            | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    742247 | PA      | $743457.24    | 0.14%             | 2031-07-01      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings, Inc.                                 | Ellucian Holdings Inc 2024 2nd Lien Term Loan                                    | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    284000 | PA      | $289915.72    | 0.05%             | 2032-11-22      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| KRONOS INTERNATIONAL INC                                | Kronos International Inc                                                         | CUSIP: 000000000<br>LEI: 529900NTVDLUSYY9F493 | Long             | DBT              | CORP              | US        |    100000 | PA      | $123723.85    | 0.02%             | 2029-03-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FTAI AVIATI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -152030 | PA      | $-152030.35   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP SOTHEBYS 5.                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -350509 | PA      | $-350508.75   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    314000 | PA      | $313810.34    | 0.06%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAMELOT FINANCE SA                                      | Camelot Finance SA                                                               | CUSIP: 13323AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    141000 | PA      | $140516.54    | 0.03%             | 2026-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP BRAND INDUS                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1310985 | PA      | $-1310985.00  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     56000 | PA      | $56017.81     | 0.01%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                        | Getty Images Inc                                                                 | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    230000 | PA      | $219633.90    | 0.04%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE LP                                  | XPLR Infrastructure LP                                                           | CUSIP: 65341BAD8<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | DBT              | CORP              | US        |    629000 | PA      | $624282.50    | 0.11%             | 2025-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                       | Trimaran Cavu 2021-2 Ltd                                                         | CUSIP: 89624UAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502301.85    | 0.09%             | 2034-10-25      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                  | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    186000 | PA      | $196936.24    | 0.04%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP II                                | Blue Owl Capital Corp II                                                         | CUSIP: 69121DAD2<br>LEI: 549300MMNWZO5XKDDX47 | Long             | DBT              | CORP              | US        |    106000 | PA      | $109811.67    | 0.02%             | 2026-11-15      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| SUMMIT ACQUISITION INC                                  | Summit Acquisition Inc 2025 Add-on Term Loan                                     | CUSIP: 86600DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     81000 | PA      | $81236.52     | 0.01%             | 2031-10-16      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                                            | SPX Flow Inc 2025 Term Loan                                                      | CUSIP: 78470DAW8<br>LEI: 5493003YXEKRBINIEM78 | Long             | LON              | CORP              | US        |   1494188 | PA      | $1499790.80   | 0.27%             | 2029-04-05      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP NATWEST GRO                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -1057162 | PA      | $-1057162.20  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP IQVIA INC 6                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -812212 | PA      | $-812212.50   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                   | Blue Owl Capital Corp                                                            | CUSIP: 69121KAJ3<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    480000 | PA      | $493584.71    | 0.09%             | 2030-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP WYNN RESORT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -492000 | PA      | $-492000.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              |  | US        |    528000 | PA      | $542831.70    | 0.10%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CHS/COMMUNI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -122230 | PA      | $-122230.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                                | Virgin Media Bristol LLC 2020 USD Term Loan Q                                    | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    607000 | PA      | $606417.28    | 0.11%             | 2029-01-31      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HOLDINGS LLC                              | SOTERA HEALTH HOLDINGS LLC 2025 TERM LOAN B                                      | CUSIP: 83600VAH4<br>LEI: 549300OVT7MBXFLOFU20 | Long             | LON              | CORP              | US        |   1119115 | PA      | $1119585.19   | 0.20%             | 2031-05-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Associated Materials Inc                                | Associated Materials Inc 2022 Term Loan B                                        | CUSIP: 88607CAB1<br>LEI: 254900KM84WNG9539P42 | Long             | LON              | CORP              | US        |    193469 | PA      | $178354.98    | 0.03%             | 2029-03-08      | Floating      | 10.16%                | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING CO                                 | Five Point Operating Co LP                                                       | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $85240.79     | 0.02%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CIVITAS RES                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -184150 | PA      | $-184150.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TMK HAWK PARENT CORP                                    | TMK Hawk Parent Corp 2024 Term Loan B                                            | CUSIP: 87258WAV7<br>LEI: 5493005BF4TIZRN1TY89 | Long             | LON              | CORP              | US        |    783122 | PA      | $276050.55    | 0.05%             | 2029-06-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP NRG ENERGY                                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -414710 | PA      | $-414710.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Skopima Merger Sub Inc                                  | Skopima Merger Sub Inc 2024 Repriced Term Loan                                   | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |    484701 | PA      | $409271.56    | 0.07%             | 2028-05-12      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC                              | Amynta Agency Borrower Inc 2025 Term Loan B                                      | CUSIP: 57810JAM0<br>LEI: 5493000GP6HBRVTWBO85 | Long             | LON              | CORP              | US        |   1194841 | PA      | $1189930.64   | 0.22%             | 2031-12-29      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                 | New Fortress Energy Inc 2025 Incremental Term Loan B                             | CUSIP: 64439HAC3<br>LEI: 254900EICTYTCHA5X705 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-10-30      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| Herschend Entertainment Company, LLC                    | Herschend Entertainment Company LLC 2025 Term Loan B                             | CUSIP: 42778EAG6<br>LEI: 54930087KQ7RPDXK0716 | Long             | LON              | CORP              | US        |    486780 | PA      | $488099.17    | 0.09%             | 2032-05-27      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                  | EquipmentShare.com Inc                                                           | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    138000 | PA      | $147486.40    | 0.03%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                      | Energy Transfer LP                                                               | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4409000 | PA      | $4425445.57   | 0.81%             | 2026-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP VAIL RESORT                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -348985 | PA      | $-348985.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     14965 | PA      | $15039.83     | 0.00%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                                     | Calpine Corporation 2024 Term Loan B10                                           | CUSIP: 13134MBW2<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |    410355 | PA      | $409870.78    | 0.08%             | 2031-01-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                                   | CNX Midstream Partners LP                                                        | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     96000 | PA      | $92057.83     | 0.02%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP COMSTOCK RE                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -296840 | PA      | $-296840.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                               | Caesars Entertainment Inc Term Loan B                                            | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    481665 | PA      | $480032.16    | 0.09%             | 2030-02-06      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                                     | New Home Co Inc/The                                                              | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    224000 | PA      | $235207.62    | 0.04%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Weber-Stephen Products LLC                              | Weber-Stephen Products LLC Term Loan B                                           | CUSIP: 94767KAN1<br>LEI: 549300XU8TJBBGLK8V26 | Long             | LON              | CORP              | US        |    490678 | PA      | $485157.83    | 0.09%             | 2027-10-30      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| AMERIFORGE GROUP INC COMMON STOCK                       | AMERIFORGE GROUP INC COMMON STOCK                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       801 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MADISON IAQ LLC                                         | Madison IAQ LLC                                                                  | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    554000 | PA      | $547296.73    | 0.10%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                   | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    116000 | PA      | $121330.08    | 0.02%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP QUALCOMM IN                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1409858 | PA      | $-1409857.50  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc                           | Live Nation Entertainment Inc Term Loan B4                                       | CUSIP: 53803HAM2<br>LEI: 5493007B9BM9ZXJINO78 | Long             | LON              | CORP              | US        |    849817 | PA      | $847956.11    | 0.16%             | 2026-10-19      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                   | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    927000 | PA      | $984638.08    | 0.18%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                            | UBS Group AG                                                                     | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4640000 | PA      | $5525622.88   | 1.01%             | 2033-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CONSTELLIUM                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -535690 | PA      | $-535690.05   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                     | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     97000 | PA      | $93728.61     | 0.02%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                  | OPTION CARE HEALTH INC 2025 TERM LOAN B                                          | CUSIP: 68404YAD6<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | LON              | CORP              | US        |    875543 | PA      | $874081.27    | 0.16%             | 2032-09-16      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                 | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    158000 | PA      | $159231.71    | 0.03%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $228336.64    | 0.04%             | 2026-08-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP MGM RESORTS                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -318308 | PA      | $-318307.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                  | Option Care Health Inc                                                           | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    245000 | PA      | $236281.80    | 0.04%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTERPUBLIC GROUP COS                                   | Interpublic Group of Cos Inc/The                                                 | CUSIP: 460690BQ2<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186604.15    | 0.03%             | 2048-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                          | NRG Energy Inc                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    209000 | PA      | $209250.05    | 0.04%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings Inc                          | Medical Solutions Holdings Inc 2021 2nd Lien Term Loan                           | CUSIP: 58462QAM3<br>LEI: 549300JH2XHZ7TIKYR39 | Long             | LON              | CORP              | US        |    247000 | PA      | $49812.49     | 0.01%             | 2029-11-01      | Floating      | 11.41%                | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                 | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    560000 | PA      | $335308.24    | 0.06%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                   | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    277000 | PA      | $287026.57    | 0.05%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Ring Container Technologies Group, LLC                  | RING CONTAINR TECHNO GROUP LLC 2025 TERM LOAN B                                  | CUSIP: 76680YAJ1<br>LEI: 254900MFUG4RPN6Y4A98 | Long             | LON              | CORP              | US        |    280000 | PA      | $279440.00    | 0.05%             | 2032-09-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                         | ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B                        | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |    704433 | PA      | $702559.16    | 0.13%             | 2028-12-21      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP CLEARWAY EN                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -265399 | PA      | $-265398.75   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ATOS SE                                                 | Atos SE                                                                          | CUSIP: 000000000<br>LEI: 5493001EZOOA66PTBR68 | Long             | SN               | CORP              | FR        |     38783 | PA      | $52382.11     | 0.01%             | 2029-12-18      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP UNIVISION C                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -350156 | PA      | $-350156.25   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP ROCKCLIFF E                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -263145 | PA      | $-263145.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Froneri Lux Finco Sarl                                  | Froneri Lux Finco Sarl 2024 USD Term Loan B4                                     | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | US        |   1765154 | PA      | $1750820.66   | 0.32%             | 2031-09-30      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                   | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    195000 | PA      | $204389.25    | 0.04%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP LEVEL 3 FIN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -322620 | PA      | $-322620.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                    | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121110.64    | 0.02%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US ULTRA BOND CBT DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -19 | NC      | $-71003.38    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    640000 | PA      | $663180.80    | 0.12%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP WARNERMEDIA                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1311175 | PA      | $-1311175.00  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                        | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    150000 | PA      | $158768.10    | 0.03%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                     | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    103000 | PA      | $125268.76    | 0.02%             | 2029-01-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Constellation Renewables, LLC                           | Constellation Renewables LLC 2020 Term Loan                                      | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |    488161 | PA      | $486940.31    | 0.09%             | 2027-12-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                        | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    618000 | PA      | $651137.16    | 0.12%             | 2032-01-30      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                 | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    318000 | PA      | $323779.92    | 0.06%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                     | Resideo Funding Inc 2025 Incremental Term Loan                                   | CUSIP: 76090LAM6<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    561000 | PA      | $560652.18    | 0.10%             | 2032-08-13      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ANYWHERE RE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -236961 | PA      | $-236961.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                    | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    192000 | PA      | $197456.45    | 0.04%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP BAUSCH HEAL                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1454782 | PA      | $-1454782.50  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                    | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    142000 | PA      | $133546.41    | 0.02%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP TRANSURBAN                                                                   | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -408356 | PA      | $-408356.25   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| QUIDELORTHO CORP                                        | QUIDELORTHO CORP TERM LOAN                                                       | CUSIP: 74840YAH7<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |    401000 | PA      | $398662.17    | 0.07%             | 2032-08-20      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP CVS HEALTH                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -892500 | PA      | $-892500.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP MEDLINE BOR                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -320812 | PA      | $-320812.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Endo Luxembourg Finance Company I S.a r.l.              | Endo Luxembourg Finance Company I Sa rl 2024 1st Lien Term Loan                  | CUSIP: 29280UAD5<br>LEI: 222100B15VY0VVCTG251 | Long             | LON              | CORP              | US        |    355000 | PA      | $355518.30    | 0.07%             | 2031-04-23      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                     | Clydesdale Acquisition Holdings Inc Term Loan B                                  | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    105000 | PA      | $104822.55    | 0.02%             | 2029-04-13      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                                | Digicel International Finance Ltd / Difl US LLC                                  | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    945000 | PA      | $969522.75    | 0.18%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Element Solutions Inc                                   | Element Solutions Inc 2023 Term Loan B                                           | CUSIP: 72766TAH2<br>LEI: 549300FLGN6P5CU20J91 | Long             | LON              | CORP              | US        |    809176 | PA      | $813561.75    | 0.15%             | 2030-12-18      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| MITCHELL INTERNATIONAL INC                              | Mitchell International Inc 2024 2nd Lien Term Loan                               | CUSIP: 60662WAZ5<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |    191000 | PA      | $188517.00    | 0.03%             | 2032-06-17      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                        | CSC Holdings LLC 2019 Term Loan B5                                               | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |   1468119 | PA      | $1419025.49   | 0.26%             | 2027-04-15      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                           | CoreLogic Inc                                                                    | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |   1313000 | PA      | $1273087.69   | 0.23%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA        | RRP SENSATA TEC                                                                  | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | Short            | RA               | CORP              | US        |   -424436 | PA      | $-424436.25   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP SERVICE PRO                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |  -1162760 | PA      | $-1162760.00  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP HILCORP ENE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -316220 | PA      | $-316220.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                      | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              |  | XX        |      5361 | OU      | $353.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BPR Trust                                               | BPR Commercial Mortgage Trust 2024-PARK                                          | CUSIP: 05593UAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $206353.22    | 0.04%             | 2039-11-05      | Variable      | 7.23%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST                                      | Century Plaza Towers 2019-CPT                                                    | CUSIP: 12654YAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $220651.08    | 0.04%             | 2039-11-13      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                                  | Darling Global Finance BV                                                        | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $118535.35    | 0.02%             | 2032-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                          | Whirlpool Corp                                                                   | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174639.71    | 0.03%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corporation                             | JetBlue Airways Corporation 2024 Term Loan B                                     | CUSIP: 000000000<br>LEI: 54930070J9H97ZO93T57 | Long             | LON              | CORP              | US        |    596664 | PA      | $571305.42    | 0.10%             | 2029-08-27      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP LEVEL 3 FIN                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1767952 | PA      | $-1767952.38  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                      | Subway Funding LLC                                                               | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    292788 | PA      | $296829.52    | 0.05%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Concord Music Royalties, LLC                            | Concord Music Royalties LLC                                                      | CUSIP: 20633KAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    272000 | PA      | $274048.19    | 0.05%             | 2074-10-20      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                         | Sealed Air Corp                                                                  | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     72000 | PA      | $70660.14     | 0.01%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                          | Apidos CLO XVIII-R                                                               | CUSIP: 03767NBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1353000 | PA      | $1359805.32   | 0.25%             | 2038-01-22      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP TRANSDIGM I                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1220274 | PA      | $-1220273.75  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                  | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    123000 | PA      | $128766.04    | 0.02%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                           | TransDigm Inc 2023 Term Loan J                                                   | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   2702955 | PA      | $2701198.47   | 0.49%             | 2031-02-28      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                       | Clarios Global LP 2024 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   1826148 | PA      | $1824431.31   | 0.33%             | 2030-05-06      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                  | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |    224000 | PA      | $230920.26    | 0.04%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                | Madison Park Funding XXXVII Ltd                                                  | CUSIP: 55817EAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    875000 | PA      | $879077.59    | 0.16%             | 2037-04-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                   | Trivium Packaging Finance BV                                                     | CUSIP: 000000000<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $123417.72    | 0.02%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC                                 | Belron Finance 2019 LLC 2025 Repriced Term Loan B                                | CUSIP: 08078UAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1910812 | PA      | $1919181.80   | 0.35%             | 2031-10-16      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CELESTIAL S                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -969979 | PA      | $-969978.75   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP STANDARD BU                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -580469 | PA      | $-580468.75   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                                   | Chobani Holdco II LLC                                                            | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1362881 | PA      | $1444300.87   | 0.26%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                                | Axalta Coating Systems Dutch Holding B BV                                        | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    273000 | PA      | $285617.92    | 0.05%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Bleriot US Bidco Inc                                    | Bleriot US Bidco Inc 2023 Term Loan B                                            | CUSIP: 09353TAJ9<br>LEI: 254900ALCQ2A2VYD5Z08 | Long             | LON              | CORP              | US        |    657415 | PA      | $657237.57    | 0.12%             | 2030-10-31      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                   | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182000 | PA      | $183282.01    | 0.03%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP BARCLAYS PL                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1623000 | PA      | $-1623000.00  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                    | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    791000 | PA      | $871806.19    | 0.16%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                                 | Zebra Technologies Corp                                                          | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    117000 | PA      | $120167.89    | 0.02%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                           | DISH DBS Corp                                                                    | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1133000 | PA      | $1113279.34   | 0.20%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                    | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    437000 | PA      | $445331.84    | 0.08%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GATES GLOBAL LLC                                        | Gates Global LLC 2024 Term Loan B5                                               | CUSIP: 36740UAY8<br>LEI: 984500F43C791F4C7894 | Long             | LON              | CORP              | US        |   1278778 | PA      | $1276437.92   | 0.23%             | 2031-06-04      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 000000000<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    100000 | PA      | $122657.09    | 0.02%             | 2030-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IMA INDUSTRIA MACCHINE                                  | IMA Industria Macchine Automatiche SpA                                           | CUSIP: 000000000<br>LEI: 815600D86992FDA7B908 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $118491.90    | 0.02%             | 2029-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                      | Alternative Loan Trust 2007-19                                                   | CUSIP: 02151AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530287 | PA      | $243769.67    | 0.04%             | 2037-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Discovery Purchaser Corporation                         | Discovery Purchaser Corporation Term Loan                                        | CUSIP: 25471NAC0<br>LEI: 2549001LSO1ZBIPA5D65 | Long             | LON              | CORP              | US        |    179625 | PA      | $178578.25    | 0.03%             | 2029-10-04      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| Pike Corporation                                        | Pike Corporation 2021 Incremental Term Loan B                                    | CUSIP: 72108PAR5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | LON              | CORP              | US        |    422357 | PA      | $424410.02    | 0.08%             | 2028-01-21      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                                | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $128704.94    | 0.02%             | 2030-05-14      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XVII LTD                    | Octagon Investment Partners XVII Ltd                                             | CUSIP: 67590GBL2<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250450.00    | 0.05%             | 2031-01-25      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP ICAHN ENTER                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -80445 | PA      | $-80445.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Service Experts Issuer                                  | Service Experts Issuer 2024-1 LLC                                                | CUSIP: 81758FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    168144 | PA      | $171955.11    | 0.03%             | 2035-11-20      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc                                 | Standard Industries Inc 2021 Term Loan B                                         | CUSIP: 85350EAB2<br>LEI: 54930064UHXCIUWVI755 | Long             | LON              | CORP              | US        |    215726 | PA      | $215952.51    | 0.04%             | 2028-09-22      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| HOMES Trust                                             | Homes 2024-Nqm2 Trust                                                            | CUSIP: 43761CAA0<br>LEI: 254900MQRASV1D1NGZ28 | Long             | ABS-MBS          | CORP              | US        |    520656 | PA      | $525604.92    | 0.10%             | 2069-10-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT LLC                               | STONEPEAK NILE PARENT LLC TERM LOAN                                              | CUSIP: 86184XAD6<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |    285000 | PA      | $284643.75    | 0.05%             | 2032-04-09      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP ALLIED UNIV                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -777225 | PA      | $-777225.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                          | OPAL BIDCO                                                                       | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    317000 | PA      | $324844.48    | 0.06%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC/FINANCE CO                                | Watco Cos LLC / Watco Finance Corp                                               | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    216000 | PA      | $223575.14    | 0.04%             | 2032-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP RESIDEO FUN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -215625 | PA      | $-215625.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE FINANCIAL                                | JPMorgan Chase Financial Co LLC                                                  | CUSIP: 48133DL24<br>LEI: 549300NJFDJOFYVV6789 | Long             | DBT              | CORP              | US        |    300000 | PA      | $347400.00    | 0.06%             | 2027-06-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                        | Vital Energy Inc                                                                 | CUSIP: 516806AH9<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113885.65    | 0.02%             | 2029-07-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                | Dana Inc                                                                         | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     87000 | PA      | $86159.80     | 0.02%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ICON Luxembourg Sarl                                    | ICON Luxembourg SARL 2024 LUX Term Loan B                                        | CUSIP: 000000000<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |    253794 | PA      | $253582.86    | 0.05%             | 2028-07-03      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                 | RRP CLEAR CHANN                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -594641 | PA      | $-594641.25   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $209250.00    | 0.04%             | 2029-09-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP REPUBLIC SE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -702188 | PA      | $-702187.50   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                   | Qnity Electronics Inc                                                            | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    214000 | PA      | $218533.80    | 0.04%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                                    | WMG Acquisition Corp 2024 Term Loan J                                            | CUSIP: 92929LBA5<br>LEI: 549300NAS11NXI33CP80 | Long             | LON              | CORP              | US        |   1621711 | PA      | $1622732.68   | 0.30%             | 2031-01-24      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                    | Glencore Funding LLC                                                             | CUSIP: 378272CB2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $522702.20    | 0.10%             | 2055-04-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                | Lloyds Banking Group PLC                                                         | CUSIP: 53944YAJ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $454747.50    | 0.08%             | 2026-06-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                  | RRP VERTIV GROU                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -329175 | PA      | $-329175.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Titan Acquisition Limited                               | Titan Acquisition Limited 2024 Term Loan B                                       | CUSIP: 000000000<br>LEI: 5493003ZDHRVP2N4C109 | Long             | LON              | CORP              | CA        |   2144024 | PA      | $2148183.81   | 0.39%             | 2029-02-15      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                      | Howard Hughes Corp/The                                                           | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93756.53     | 0.02%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                                | Aston Martin Capital Holdings Ltd                                                | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    200000 | PA      | $195811.16    | 0.04%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                  | Verizon Communications Inc                                                       | CUSIP: 92343VGC2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $704394.10    | 0.13%             | 2061-03-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Realtruck Group Inc                                     | RealTruck Group Inc 2023 Incremental Term Loan                                   | CUSIP: 89778PAH0<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |    234217 | PA      | $217528.69    | 0.04%             | 2028-01-31      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                | Sensata Technologies Inc                                                         | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    227000 | PA      | $234894.61    | 0.04%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP ALLY FINANC                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1772500 | PA      | $-1772500.00  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                                | Midcap Financial Issuer Trust                                                    | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198630.20    | 0.04%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| USI Inc                                                 | USI Inc 2024 Term Loan C                                                         | CUSIP: 90351NAQ8<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |   1023548 | PA      | $1021910.27   | 0.19%             | 2030-09-29      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP HAT HOLDING                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -52290 | PA      | $-52290.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                                 | Sotera Health Holdings LLC                                                       | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |    196000 | PA      | $205803.53    | 0.04%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                   | HUB International Ltd                                                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   4391000 | PA      | $4572519.55   | 0.84%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                                  | Athenahealth Group Inc 2022 Term Loan B                                          | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   2293261 | PA      | $2287527.58   | 0.42%             | 2029-02-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP RHP HOTEL P                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -484440 | PA      | $-484440.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                    | Garda World Security Corp                                                        | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    360000 | PA      | $357268.57    | 0.07%             | 2027-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Planet US Buyer LLC                                     | Planet US Buyer LLC 2024 Term Loan B                                             | CUSIP: 72706RAB2<br>LEI: 254900ZE51SEX2EFFH74 | Long             | LON              | CORP              | US        |    236037 | PA      | $237089.70    | 0.04%             | 2031-02-07      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP SCIENCE APP                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -107068 | PA      | $-107067.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP NOVELIS COR                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -460688 | PA      | $-460687.50   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                         | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    257000 | PA      | $256068.27    | 0.05%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Mcdermott International Ltd                             | Mcdermott International Ltd                                                      | CUSIP: 000000000<br>LEI: 54930004RAXI4B3L4752 | Long             | EC               | CORP              | BM        |       382 | NS      | $7601.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVELIS CORPORATION                                     | Novelis Corporation 2025 Term Loan B                                             | CUSIP: 67000LAB8<br>LEI: 549300ZJQN1PEAT42X90 | Long             | LON              | CORP              | US        |   1370115 | PA      | $1372129.07   | 0.25%             | 2032-03-11      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| B&M EUROPEAN VALUE RET                                  | B&M European Value Retail SA                                                     | CUSIP: 000000000<br>LEI: 213800UK7ZRLY2K1X530 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $136251.91    | 0.02%             | 2031-11-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                  | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   3340000 | PA      | $3464269.38   | 0.63%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CHS/COMMUNI                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -575460 | PA      | $-575460.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| PUG LLC                                                 | PUG LLC 2024 Extended Term Loan B                                                | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |   1241111 | PA      | $1228179.07   | 0.22%             | 2030-03-15      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                                       | Cedar Funding XIV CLO Ltd                                                        | CUSIP: 15034AAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501405.05    | 0.09%             | 2037-10-15      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FAIR ISAAC                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -315060 | PA      | $-315060.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| SANMINA CORP                                            | SANMINA CORP TERM LOAN B                                                         | CUSIP: 000000000<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | LON              | CORP              | US        |    446000 | PA      | $444885.00    | 0.08%             | 2032-08-06      | Floating      | 6.17%                 | No            |                  3 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                  | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3756467.16   | 0.69%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG                          | SEAGATE DATA STOR                                                                | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    557000 | PA      | $589672.51    | 0.11%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP US ACUTE CA                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -224910 | PA      | $-224910.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                       | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    118000 | PA      | $113753.46    | 0.02%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc                                              | Kaseya Inc 2025 1st Lien Term Loan B                                             | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   1757581 | PA      | $1759180.86   | 0.32%             | 2032-03-20      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP ARCHROCK PA                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -249532 | PA      | $-249532.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $137268.56    | 0.03%             | 2030-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CONCENTRA E                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -332350 | PA      | $-332350.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| VISTRA CORP                                             | Vistra Corp                                                                      | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    181000 | PA      | $185137.30    | 0.03%             | 2026-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Concentra Health Services Inc                           | Concentra Health Services Inc 2025 Repriced Term Loan B                          | CUSIP: 20602RAD2<br>LEI: 984500GB84105F75DE32 | Long             | LON              | CORP              | US        |    343758 | PA      | $344833.54    | 0.06%             | 2031-07-26      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                      | Viking Cruises Ltd                                                               | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    236000 | PA      | $236090.62    | 0.04%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                  | CHL Mortgage Pass-Through Trust 2005-17                                          | CUSIP: 12669G5S6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66516 | PA      | $66651.37     | 0.01%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE LP                                  | XPLR Infrastructure LP                                                           | CUSIP: 65341BAG1<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | DBT              | CORP              | US        |    632000 | PA      | $616200.00    | 0.11%             | 2026-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cayuga Park CLO, Ltd.                                   | Cayuga Park CLO Ltd                                                              | CUSIP: 149791AS4<br>LEI: 549300SVH2QJEV4A2G21 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250415.03    | 0.05%             | 2034-07-17      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP ALTICE FINA                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -334784 | PA      | $-334783.60   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                                      | CrossCountry Intermediate HoldCo LLC                                             | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    246000 | PA      | $246905.21    | 0.05%             | 2030-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wireless PropCo Funding LLC                             | Wireless PropCo Funding LLC                                                      | CUSIP: 97655EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    870000 | PA      | $830505.92    | 0.15%             | 2055-06-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| RCI BANQUE SA                                           | RCI Banque SA                                                                    | CUSIP: 000000000<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119454.02    | 0.02%             | 2037-03-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CLEAR CHANN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -254100 | PA      | $-254100.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                                 | Mong Duong Finance Holdings BV                                                   | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    169400 | PA      | $167494.16    | 0.03%             | 2029-05-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP UNITED AIRL                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -229520 | PA      | $-229520.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP BARCLAYS PL                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1862080 | PA      | $-1862080.00  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    206000 | PA      | $205244.95    | 0.04%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                   | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    889000 | PA      | $935812.43    | 0.17%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                          | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    395000 | PA      | $404910.95    | 0.07%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      4410 | PA      | $3909.64      | 0.00%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                          | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    991000 | PA      | $1022824.97   | 0.19%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP VISTRA OPER                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -375868 | PA      | $-375867.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                                 | Brown Group Holding LLC Term Loan B                                              | CUSIP: 11565HAB2<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    710000 | PA      | $710298.21    | 0.13%             | 2031-07-01      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                 | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    569000 | PA      | $595471.02    | 0.11%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| QUARTZ ACQUIRECO LLC                                    | Quartz Acquireco LLC 2025 Term Loan B                                            | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    819406 | PA      | $815653.07    | 0.15%             | 2030-06-28      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP BLUE OWL CA                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -475800 | PA      | $-475800.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| ADVANCION SCIENCES INC                                  | Advancion Sciences Inc                                                           | CUSIP: 499894AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    314815 | PA      | $278611.28    | 0.05%             | 2026-11-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP ALLIANT HOL                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1333630 | PA      | $-1333630.00  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| DK CROWN HOLDINGS INC                                   | DK Crown Holdings Inc 2025 Term Loan B                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1214336 | PA      | $1212065.59   | 0.22%             | 2032-03-04      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                | Standard Industries Inc/NY                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1982.80      | 0.00%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PRESTIGEBIDCO GMBH                                      | PrestigeBidCo GmbH                                                               | CUSIP: 000000000<br>LEI: 529900CSF1DNOCHMI763 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $118071.22    | 0.02%             | 2029-07-01      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Learfield Communications, LLC                           | Learfield Communications LLC 2024 Term Loan B                                    | CUSIP: 00165HAL7<br>LEI: 549300177GK4LMS8T214 | Long             | LON              | CORP              | US        |    356786 | PA      | $359907.42    | 0.07%             | 2028-06-30      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                        | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $188249.26    | 0.03%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHG HEALTHCARE SERVICES INC                             | CHG Healthcare Services Inc 2025 Term Loan B1                                    | CUSIP: 12541HAX1<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |    451350 | PA      | $451326.98    | 0.08%             | 2028-09-29      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP BARCLAYS PL                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -184092 | PA      | $-184092.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                       | Clean Harbors Inc 2024 Term Loan B                                               | CUSIP: 18449EAH3<br>LEI: 5493000SJVZVZJKHJF48 | Long             | LON              | CORP              | US        |    649668 | PA      | $649667.85    | 0.12%             | 2028-10-09      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP SERVICE PRO                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -154000 | PA      | $-154000.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                                     | Arbor Realty SR Inc                                                              | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              |  | US        |    144000 | PA      | $151407.26    | 0.03%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                                 | UKG Inc 2024 Term Loan B                                                         | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   1845505 | PA      | $1843124.11   | 0.34%             | 2031-02-10      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP CROWN AMERI                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -506850 | PA      | $-506850.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                  | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1893000 | PA      | $2086133.33   | 0.38%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AqGen Island Holdings Inc                               | AqGen Island Holdings Inc 2024 Term Loan B                                       | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1056128 | PA      | $1054543.48   | 0.19%             | 2028-08-02      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                        | Proofpoint Inc 2024 Term Loan                                                    | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   1695177 | PA      | $1699601.30   | 0.31%             | 2028-08-31      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Hess Corp                                               | Hess Corp                                                                        | CUSIP: 42809HAG2<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50165.11     | 0.01%             | 2027-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                 | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   2662000 | PA      | $2746744.77   | 0.50%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    123000 | PA      | $127697.25    | 0.02%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MAHLE GMBH                                              | Mahle GmbH                                                                       | CUSIP: 000000000<br>LEI: 52990098TR1QJBWIYG58 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $121532.35    | 0.02%             | 2031-05-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                          | PROOFPOINT INC 2025 FUNGIBLE TERM LOAN                                           | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |    187000 | PA      | $187488.07    | 0.03%             | 2028-08-31      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                   | GFL Environmental Inc                                                            | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    339000 | PA      | $354736.61    | 0.06%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |      5345 | PA      | $5371.73      | 0.00%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                | JH North America Holdings Inc                                                    | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    315000 | PA      | $322646.31    | 0.06%             | 2032-07-31      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                     | Somnigroup International Inc                                                     | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    204000 | PA      | $195788.49    | 0.04%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTZ QUALITY FOODS LLC                                   | UTZ Quality Foods LLC 2025 Term Loan B                                           | CUSIP: 91809EAG6<br>LEI: 549300K2HU2ISL0R2Q75 | Long             | LON              | CORP              | US        |   1039487 | PA      | $1038967.22   | 0.19%             | 2032-01-29      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Regatta 30 Funding Ltd.                                 | Regatta 30 Funding Ltd                                                           | CUSIP: 75903UAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1604208.48   | 0.29%             | 2038-01-25      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                 | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    101000 | PA      | $98113.30     | 0.02%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                       | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp                     | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $141248.30    | 0.03%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M                                   | Foundation Building Materials Inc                                                | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16217.78     | 0.00%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                          | Mariner Finance Issuance Trust 2024-A                                            | CUSIP: 567928AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    497000 | PA      | $515919.95    | 0.09%             | 2036-09-22      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP KAISER ALUM                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -217789 | PA      | $-217788.75   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| EPHIOS SUBCO SARL                                       | Ephios Subco 3 Sarl                                                              | CUSIP: 000000000<br>LEI: 213800E4EG6VFUFVEH64 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $124985.91    | 0.02%             | 2031-01-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                                | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     16000 | PA      | $16304.00     | 0.00%             | 2033-06-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco LLC                     | LSF12 Crown US Commercial Bidco LLC 2025 Term Loan B                             | CUSIP: 50221UAD3<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |    390000 | PA      | $390245.70    | 0.07%             | 2031-12-02      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MTRIALS INC                           | SOLSTICE ADVANCED MTRIALS INC TERM LOAN B                                        | CUSIP: 000000000<br>LEI: 2138004GZ4H9TW6HK435 | Long             | LON              | CORP              | US        |    467000 | PA      | $467294.21    | 0.09%             | 2032-09-17      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                  | RRP BARCLAYS PL                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -333856 | PA      | $-333856.25   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP NRG ENERGY                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -769620 | PA      | $-769620.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT 2022-9 Mortgage Loan Trust                                                  | CUSIP: 19688PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    183066 | PA      | $182967.32    | 0.03%             | 2067-12-25      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets LLC                                 | RRP CAMELOT FIN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -100642 | PA      | $-100642.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                  | RRP CLOUD SOFTW                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -211331 | PA      | $-211331.25   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                                  | RR Donnelley & Sons Co                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    595000 | PA      | $609794.68    | 0.11%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC                                   | DirecTV Financing LLC Term Loan                                                  | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     53325 | PA      | $53332.76     | 0.01%             | 2027-08-02      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| Spruce Hill Mortgage Loan Trust                         | Spruce Hill Mortgage Loan Trust 2022-SH1                                         | CUSIP: 85213XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    488027 | PA      | $484080.30    | 0.09%             | 2057-07-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                                | Vertiv Group Corp                                                                | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    730000 | PA      | $712829.98    | 0.13%             | 2028-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP STAR PARENT                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -888030 | PA      | $-888030.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP CVS HEALTH                                                                   | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -603250 | PA      | $-603250.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                      | Zegona Finance PLC                                                               | CUSIP: 000000000<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |     90000 | PA      | $111864.29    | 0.02%             | 2029-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC                                    | Amkor Technology Inc                                                             | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76773.94     | 0.01%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VORTEX OPCO LLC                                         | Vortex Opco LLC Second Out Term Loan                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    442298 | PA      | $97305.47     | 0.02%             | 2028-12-17      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    880000 | PA      | $901560.00    | 0.17%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                                 | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $3000.00      | 0.00%             | 2023-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                               | RRP HEALTHPEAK                                                                   | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -875000 | PA      | $-875000.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                 | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    240000 | PA      | $246421.51    | 0.05%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                         | SWAP/CDSWAP/ICE: (CDX.NA.HY.45.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   5875000 | OU      | $-461790.50   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| STAKEHOLDER MIDSTREAM LLC                               | STAKEHOLDER MIDSTREAM LLC TERM LOAN                                              | CUSIP: 000000000<br>LEI: 254900BG1PE2KGG26017 | Long             | LON              | CORP              | US        |    352118 | PA      | $352557.65    | 0.06%             | 2031-01-01      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP WEATHERFORD                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -271102 | PA      | $-271102.13   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                                     | Silgan Holdings Inc                                                              | CUSIP: 000000000<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    305000 | PA      | $359530.03    | 0.07%             | 2031-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP TRANSDIGM I                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1110240 | PA      | $-1110240.00  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP CHS/COMMUNI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -362381 | PA      | $-362381.25   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    288000 | PA      | $304759.30    | 0.06%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP SIRIUS XM R                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -440629 | PA      | $-440628.75   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $230781.31    | 0.04%             | 2027-09-03      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                   | QNITY ELECTRONICS INC TERM LOAN B                                                | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |    887000 | PA      | $885891.25    | 0.16%             | 2032-08-12      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                                   | Neogen Food Safety Corp                                                          | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    184000 | PA      | $192412.30    | 0.04%             | 2030-07-20      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    219000 | PA      | $226235.28    | 0.04%             | 2032-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91000 | PA      | $91004.19     | 0.02%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    375000 | PA      | $387240.75    | 0.07%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                         | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    145000 | PA      | $175268.40    | 0.03%             | 2033-07-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BARNES GROUP INC                                        | Barnes Group Inc 2025 Term Loan B                                                | CUSIP: 38021CAC2<br>LEI: G1MSYD2DQZX30V5DMX12 | Long             | LON              | CORP              | US        |    274620 | PA      | $274768.29    | 0.05%             | 2032-01-27      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                          | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    174000 | PA      | $182482.50    | 0.03%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    302000 | PA      | $295960.00    | 0.05%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1428992.80   | 0.26%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Anticimex International AB                              | Anticimex International AB 2024 Term Loan B6                                     | CUSIP: 03703HAB2<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |    338287 | PA      | $338794.85    | 0.06%             | 2028-11-16      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                           | Ballyrock CLO 14 Ltd                                                             | CUSIP: 05874YAE7<br>LEI: 254900GXTF670X967J67 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250851.55    | 0.05%             | 2037-07-20      | Floating      | 10.18%                | No            |                  2 | On Loan: No      |
| NAKED JUICE LLC                                         | Naked Juice LLC 2025 FLFO Term Loan                                              | CUSIP: 62984CAK9<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |   1002475 | PA      | $1007487.71   | 0.18%             | 2029-01-24      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                | JH North America Holdings Inc                                                    | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    238000 | PA      | $241644.88    | 0.04%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                                        | AHP Health Partners Inc                                                          | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |    345000 | PA      | $339530.40    | 0.06%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                                 | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $4500.00      | 0.00%             | 2022-04-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE                                               | AIMBRIDGE                                                                        | CUSIP: 000000000<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | EC               | CORP              | US        |      6609 | NS      | $426306.30    | 0.08%             |  |  |  | No            |                  3 | On Loan: No      |
| COMSTOCK RESOURCES INC                                  | Comstock Resources Inc                                                           | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    443000 | PA      | $426633.54    | 0.08%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    204000 | PA      | $209685.68    | 0.04%             | 2029-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                            | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    513000 | PA      | $508599.85    | 0.09%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP KODIAK GAS                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -550435 | PA      | $-550435.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                     | NCL Corp Ltd                                                                     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    478000 | PA      | $477982.09    | 0.09%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP BANK OF AME                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -4126875 | PA      | $-4126875.00  | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| BERKLINE BENCHCRAFT EQ LLC                              | BERKLINE BENCHCRAFT EQ LLC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3155 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JP MORGAN CHASE BANK                                    | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |      7394 | OU      | $487.71       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                     | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    192000 | PA      | $199892.09    | 0.04%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP GENESEE + W                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -321725 | PA      | $-321725.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                  | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    824000 | PA      | $845308.64    | 0.15%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AECOM                                                   | AECOM                                                                            | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    697000 | PA      | $712605.83    | 0.13%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                | Permian Resources Operating LLC                                                  | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    221000 | PA      | $229207.50    | 0.04%             | 2032-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP LIFEPOINT H                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -773272 | PA      | $-773272.50   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                      | Union Pacific Corp                                                               | CUSIP: 907818FT0<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    600000 | PA      | $470433.44    | 0.09%             | 2041-05-20      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    291000 | PA      | $291402.45    | 0.05%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP NORTHROP GR                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -454500 | PA      | $-454500.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                         | Madison IAQ LLC 2025 Term Loan B                                                 | CUSIP: 55759VAD0<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    845880 | PA      | $849390.40    | 0.16%             | 2032-05-06      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                   | Williams Scotsman Inc                                                            | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    378000 | PA      | $394761.28    | 0.07%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP PNC FINANCI                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -112009 | PA      | $-112008.75   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES LLC                              | RRP FNMA 30YR U                                                                  | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | Short            | RA               | CORP              | US        |   -428545 | PA      | $-428545.48   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                | Olympus Water US Holding Corp                                                    | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    931000 | PA      | $931969.67    | 0.17%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EyeCare Partners LLC                                    | EyeCare Partners LLC 2024 Third Out Term Loan C                                  | CUSIP: 30233PAR1<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |     15259 | PA      | $3280.68      | 0.00%             | 2028-11-30      | Floating      | 11.08%                | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                   | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253189.21    | 0.05%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP EMRLD BORRO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1905750 | PA      | $-1905750.00  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                                | Compass Group Diversified Holdings LLC                                           | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    217745 | PA      | $201159.23    | 0.04%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                               | Bausch & Lomb Corporation 2023 Incremental Term Loan                             | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    450800 | PA      | $450236.50    | 0.08%             | 2028-09-29      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                                        | Ziggo Bond Co BV                                                                 | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    225000 | PA      | $203943.31    | 0.04%             | 2030-02-28      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    359000 | PA      | $370850.59    | 0.07%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP NEXTERA ENE                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -2887500 | PA      | $-2887500.00  | -0.53%            |  |  |  | No            |                  2 | On Loan: No      |
| TUI AG                                                  | TUI AG                                                                           | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $121972.09    | 0.02%             | 2029-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP MCAFEE CORP                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -301350 | PA      | $-301350.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                    | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    129000 | PA      | $139699.00    | 0.03%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp                                        | IRB Holding Corp 2024 1st Lien Term Loan B                                       | CUSIP: 44988LAL1<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    947742 | PA      | $947789.24    | 0.17%             | 2027-12-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                       | Lithia Motors Inc                                                                | CUSIP: 536797AJ2<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    174000 | PA      | $173782.50    | 0.03%             | 2030-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                      | Osaic Holdings Inc                                                               | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    127000 | PA      | $131170.17    | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust                            | DC Trust 2024-HLTN                                                               | CUSIP: 24022FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $219969.00    | 0.04%             | 2040-04-13      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    753000 | PA      | $751306.44    | 0.14%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chemours Company (The)                                  | Chemours Company (The) 2023 USD Term Loan B                                      | CUSIP: 16384YAJ6<br>LEI: 549300M1BOLNXL8DOV14 | Long             | LON              | CORP              | US        |    355098 | PA      | $354210.53    | 0.06%             | 2028-08-18      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA        | RRP CHARTER COM                                                                  | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | Short            | RA               | CORP              | US        |   -342656 | PA      | $-342656.25   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    181000 | PA      | $180236.35    | 0.03%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP COHERENT CO                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -225750 | PA      | $-225750.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                          | Brink's Co/The                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    157000 | PA      | $161568.54    | 0.03%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CALPINE COR                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -789312 | PA      | $-789312.50   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                        | AmWINS Group Inc 2025 Term Loan B                                                | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   1780545 | PA      | $1779369.84   | 0.33%             | 2032-01-30      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                 | Millrose Properties Inc                                                          | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              |  | US        |    543000 | PA      | $552225.57    | 0.10%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                        | Altice France SA                                                                 | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $172000.00    | 0.03%             | 2029-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                     | Resideo Funding Inc                                                              | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    276000 | PA      | $282873.78    | 0.05%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COTIVITI CORPORATION                                    | Cotiviti Corporation 2024 Term Loan                                              | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   1637679 | PA      | $1606972.32   | 0.29%             | 2031-05-01      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                   | Trivium Packaging Finance BV                                                     | CUSIP: 000000000<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $123417.72    | 0.02%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                            | Wyndham Hotels & Resorts Inc 2024 Term Loan                                      | CUSIP: 98310CAF9<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |    678134 | PA      | $680073.21    | 0.12%             | 2030-05-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM LENDER CLAIM T                               | MILLENNIUM LENDER CLAIM T 12/49 ZCP                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    917752 | PA      | $0.09         | 0.00%             | 2049-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| ARDONAGH FINCO LTD                                      | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   1395000 | PA      | $1459712.66   | 0.27%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                    | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    115000 | PA      | $139347.99    | 0.03%             | 2028-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                   | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    336000 | PA      | $350432.47    | 0.06%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP JPMORGAN CH                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -3760000 | PA      | $-3760000.00  | -0.69%            |  |  |  | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                                | Phoenix Aviation Capital Ltd                                                     | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    431000 | PA      | $458546.93    | 0.08%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                 | HCA Inc                                                                          | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    650000 | PA      | $620074.16    | 0.11%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAGENTA SECURITY HOLDINGS LLC                           | Magenta Security Holdings LLC 2024 Second Out Term Loan                          | CUSIP: 55909UAF6<br>LEI: 254900F51KU7HIRXTS68 | Long             | LON              | CORP              | US        |    208643 | PA      | $90342.59     | 0.02%             | 2028-07-27      | Floating      | 11.57%                | No            |                  2 | On Loan: No      |
| PUBLIC POWER CORP                                       | Public Power Corp SA                                                             | CUSIP: 000000000<br>LEI: 213800T9Y5XCOVRZ4Y57 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $120915.50    | 0.02%             | 2031-10-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                          | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    114000 | PA      | $118707.17    | 0.02%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                                | Science Applications International Corp                                          | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    113000 | PA      | $111856.21    | 0.02%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP RHP HOTEL P                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -132300 | PA      | $-132300.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust 2022-INV2                                             | CUSIP: 924923AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300870 | PA      | $299799.45    | 0.05%             | 2067-10-25      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP SENSATA TEC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -215934 | PA      | $-215933.75   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA        | RRP HERENS HOLD                                                                  | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | Short            | RA               | CORP              | US        |   -162975 | PA      | $-162975.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     47500 | PA      | $47681.71     | 0.01%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                       | Iron Mountain Inc                                                                | CUSIP: 000000000<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    100000 | PA      | $117664.06    | 0.02%             | 2034-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SeaWorld Parks & Entertainment Inc                      | SeaWorld Parks & Entertainment Inc 2024 Term Loan B3                             | CUSIP: 78488CAL4<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |    237686 | PA      | $237091.71    | 0.04%             | 2031-12-04      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                                | Lima Metro Line 2 Finance Ltd                                                    | CUSIP: 532522AA7<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |   1168477 | PA      | $1207912.72   | 0.22%             | 2034-07-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                   | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    405000 | PA      | $395121.81    | 0.07%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WILSONART LLC                                           | Wilsonart LLC                                                                    | CUSIP: 97246JAA6<br>LEI: 549300SAZRUMYKDJBY14 | Long             | DBT              | CORP              | US        |    305000 | PA      | $296901.85    | 0.05%             | 2032-08-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER                                 | Inversion Escrow Issuer LLC                                                      | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    590000 | PA      | $581217.07    | 0.11%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                 | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    794000 | PA      | $778567.09    | 0.14%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                        | Whitebox CLO III Ltd                                                             | CUSIP: 96467HAU0<br>LEI: 549300JXCQSPB1A61C68 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $252003.68    | 0.05%             | 2035-10-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                                | OZLM XXI Ltd                                                                     | CUSIP: 67112EAA1<br>LEI: 5493002HF6D1C4B1AK86 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $240041.83    | 0.04%             | 2031-01-20      | Floating      | 10.13%                | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    476000 | PA      | $492326.80    | 0.09%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Motion Finco Sarl                                       | Motion Finco Sarl 2024 USD Term Loan B                                           | CUSIP: 000000000<br>LEI: 2549002L1LBQZKA7UN30 | Long             | LON              | CORP              | LU        |   1040241 | PA      | $930235.27    | 0.17%             | 2029-11-12      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                | Performance Food Group Inc                                                       | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    171000 | PA      | $166107.09    | 0.03%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Garrett LX I SARL                                       | Garrett LX I SARL 2025 USD Term Loan B                                           | CUSIP: 36649XAG3<br>LEI: 549300LKYJ4RR1ELO069 | Long             | LON              | CORP              | LU        |     52735 | PA      | $52603.16     | 0.01%             | 2032-01-30      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                           | LGI Homes Inc                                                                    | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    161000 | PA      | $157204.43    | 0.03%             | 2032-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                   | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    243000 | PA      | $244073.48    | 0.04%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP FRONTIER CO                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1617019 | PA      | $-1617018.75  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| JELD-WEN INC                                            | JELD-WEN Inc                                                                     | CUSIP: 47580PAA1<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    219000 | PA      | $184940.70    | 0.03%             | 2032-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    636000 | PA      | $667816.54    | 0.12%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                         | Nissan Motor Co Ltd                                                              | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    204000 | PA      | $215885.62    | 0.04%             | 2032-07-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    396000 | PA      | $414167.20    | 0.08%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                  | RRP WYNN RESORT                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -408598 | PA      | $-408597.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                       | Service Corp International/US                                                    | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    273000 | PA      | $252952.85    | 0.05%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP SINCLAIR TE                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -507625 | PA      | $-507625.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                     | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    883000 | PA      | $834460.34    | 0.15%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP TRANSOCEAN                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -206447 | PA      | $-206446.84   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| GCAT                                                    | GCAT 2024-INV4 Trust                                                             | CUSIP: 367919AB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    885652 | PA      | $889838.15    | 0.16%             | 2054-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                      | Viking Cruises Ltd                                                               | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    605000 | PA      | $605424.58    | 0.11%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                       | Iron Mountain Inc                                                                | CUSIP: 000000000<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    205000 | PA      | $241211.33    | 0.04%             | 2034-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                     | Resideo Funding Inc                                                              | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |     59000 | PA      | $56357.39     | 0.01%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                       | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    208000 | PA      | $209731.18    | 0.04%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP TRANSDIGM I                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -853140 | PA      | $-853140.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1567000 | PA      | $1616807.10   | 0.30%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 5YR NOTE (CBT) DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       206 | NC      | $-5398.44     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM RADIO LLC                                     | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    397000 | PA      | $391521.87    | 0.07%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                       | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $206050.00    | 0.04%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Emrld Borrower LP                                       | EMRLD Borrower LP Term Loan B                                                    | CUSIP: 26872NAC3<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   1482752 | PA      | $1477725.93   | 0.27%             | 2030-05-31      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                            | Enbridge Inc                                                                     | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2019226.00   | 0.37%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Incora Top Holdco LLC                                   | Incora Top Holdco LLC                                                            | CUSIP: 45338U101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9432 | NS      | $59232.96     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP UNITI GROUP                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1208365 | PA      | $-1208365.00  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                | RRP ITT HOLDING                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Short            | RA               | CORP              | US        |   -256821 | PA      | $-256821.25   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CPI HOLDCO B LLC                                        | CPI Holdco B LLC 2024 Term Loan                                                  | CUSIP: 1261MAAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1495328 | PA      | $1493458.76   | 0.27%             | 2031-05-19      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| FANTASIA HOLDINGS GROUP                                 | Fantasia Holdings Group Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JQNLB3I01JW62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $4125.00      | 0.00%             | 2023-10-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |    302000 | PA      | $296178.44    | 0.05%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                 | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78000 | PA      | $79057.62     | 0.01%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP NCL CORPORA                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -421499 | PA      | $-421499.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CLEAR CHANN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -518340 | PA      | $-518340.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Fleet Midco I Limited                                   | Fleet Midco I Limited 2024 1st Lien Term Loan B                                  | CUSIP: 33902UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    201478 | PA      | $201477.50    | 0.04%             | 2031-02-21      | Floating      | 6.54%                 | No            |                  3 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                   | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    413000 | PA      | $419574.13    | 0.08%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC                                  | Market Bidco Finco PLC                                                           | CUSIP: 000000000<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $115934.98    | 0.02%             | 2031-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP ORACLE CORP                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -509269 | PA      | $-509268.75   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDINGS LLC                          | Raven Acquisition Holdings LLC Term Loan B                                       | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    298367 | PA      | $298181.80    | 0.05%             | 2031-11-19      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 26873CAB8<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    212000 | PA      | $220194.65    | 0.04%             | 2031-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP ALLIED UNIV                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -872780 | PA      | $-872780.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP ALLIED UNIV                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -634432 | PA      | $-634432.50   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| LORCA TELECOM BONDCO                                    | Lorca Telecom Bondco SA                                                          | CUSIP: 000000000<br>LEI: 9598004HFBAS82YM7X35 | Long             | DBT              | CORP              | ES        |    100000 | PA      | $122185.03    | 0.02%             | 2029-04-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                                | Acuris Finance US Inc / Acuris Finance SARL                                      | CUSIP: 00511BAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $209000.00    | 0.04%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                     | Buckeye Partners LP                                                              | CUSIP: 118230AP6<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     86000 | PA      | $78177.15     | 0.01%             | 2044-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP BROOKFIELD                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -179438 | PA      | $-179437.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                                  | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    279000 | PA      | $275633.87    | 0.05%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                   | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    163000 | PA      | $166274.02    | 0.03%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc                                | Boxer Parent Company Inc 2025 USD Term Loan B                                    | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   1790118 | PA      | $1786197.14   | 0.33%             | 2031-07-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                | Builders FirstSource Inc                                                         | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    146000 | PA      | $150395.48    | 0.03%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BCPE Pequod Buyer Inc                                   | BCPE Pequod Buyer Inc USD Term Loan B                                            | CUSIP: 05624AAB8<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |    678300 | PA      | $679147.88    | 0.12%             | 2031-11-25      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION / TITAN                                 | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    741000 | PA      | $774486.50    | 0.14%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                                         | Rand Parent LLC                                                                  | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    234000 | PA      | $243141.21    | 0.04%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP NEPTUNE BID                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -567720 | PA      | $-567720.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                   | ON Semiconductor Corp                                                            | CUSIP: 682189AU9<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    258000 | PA      | $238049.14    | 0.04%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                        | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    600000 | PA      | $555454.74    | 0.10%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                 | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    452000 | PA      | $454834.94    | 0.08%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                               | Sotheby's                                                                        | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    691000 | PA      | $689052.69    | 0.13%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                          | NRG Energy Inc 2024 Term Loan                                                    | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |   1853876 | PA      | $1853301.56   | 0.34%             | 2031-04-16      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                           | BLP Commercial Mortgage Trust 2024-IND2                                          | CUSIP: 05625AAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    379531 | PA      | $379056.54    | 0.07%             | 2041-03-15      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| SAZERAC COMPANY INC                                     | Sazerac Company Inc Term Loan B                                                  | CUSIP: 80583EAN6<br>LEI: 9QU0CG1O4LSOB6IFK895 | Long             | LON              | CORP              | US        |    600000 | PA      | $603336.00    | 0.11%             | 2032-07-09      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     15000 | PA      | $18029.02     | 0.00%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP WASTE PRO U                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -970961 | PA      | $-970961.25   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| ARCOSA INC                                              | Arcosa Inc                                                                       | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    286000 | PA      | $278102.42    | 0.05%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES LLC                              | RRP FHLMC 20YR                                                                   | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | Short            | RA               | CORP              | US        |  -1945255 | PA      | $-1945255.32  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| Air Canada                                              | Air Canada 2024 Term Loan B                                                      | CUSIP: 000000000<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | LON              | CORP              | CA        |    826841 | PA      | $825807.33    | 0.15%             | 2031-03-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                                | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp               | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148000 | PA      | $151879.82    | 0.03%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                                | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $211000.00    | 0.04%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP VALARIS LTD                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -493756 | PA      | $-493756.25   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                            | Novelis Corp                                                                     | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    678000 | PA      | $685007.60    | 0.13%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                             | Asurion LLC 2023 Term Loan B11                                                   | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    777999 | PA      | $780216.78    | 0.14%             | 2028-08-19      | Floating      | 8.51%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                    | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    114000 | PA      | $117996.73    | 0.02%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP STATION CAS                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -195110 | PA      | $-195110.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| TMK Hawk Parent Corp                                    | TMK Hawk Parent Corp 2024 PIK Term Loan                                          | CUSIP: 87258WAW5<br>LEI: 5493005BF4TIZRN1TY89 | Long             | LON              | CORP              | US        |     26073 | PA      | $0.00         | 0.00%             | 2031-12-15      | Fixed         | 11.00%                | No            |                  3 | On Loan: No      |
| STATION CASINOS LLC                                     | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    218000 | PA      | $205642.65    | 0.04%             | 2031-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| EDELMAN FINANCIAL CENTER LLC                            | Edelman Financial Center LLC 2024 Term Loan                                      | CUSIP: 27943UAM8<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |    759021 | PA      | $759294.01    | 0.14%             | 2028-04-07      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FOCUS FINAN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -249935 | PA      | $-249935.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    655000 | PA      | $672206.83    | 0.12%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP ECHOSTAR CO                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -593667 | PA      | $-593667.04   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                         | Nissan Motor Co Ltd                                                              | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    607000 | PA      | $651611.47    | 0.12%             | 2035-07-17      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                    | Gates Corp/DE                                                                    | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    196000 | PA      | $203379.40    | 0.04%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| H-Food Holdings LLC                                     | H-Food Holdings LLC 2025 Exit Term Loan                                          | CUSIP: 000000000<br>LEI: 549300JY2LK0EQ95YT44 | Long             | LON              | CORP              | US        |     75223 | PA      | $75913.06     | 0.01%             | 2030-03-29      | Floating      | 10.81%                | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                                  | Ardonagh Group Finance Ltd                                                       | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   1287000 | PA      | $1353015.75   | 0.25%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP COMSTOCK RE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -397592 | PA      | $-397592.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                        | Garda World Security Corporation 2025 Term Loan B                                | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |   1059858 | PA      | $1059592.55   | 0.19%             | 2029-02-01      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP HA SUSTAINA                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -182408 | PA      | $-182407.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP ROCKET MORT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -350895 | PA      | $-350895.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                        | APi Group DE Inc                                                                 | CUSIP: 001877AA7<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    132000 | PA      | $127223.09    | 0.02%             | 2029-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP BOMBARDIER                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |    -67405 | PA      | $-67405.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UNIPOL ASSICURAZIONI SPA                                | Unipol Assicurazioni SpA                                                         | CUSIP: 000000000<br>LEI: 8156005CE5E7340CCA86 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $123629.05    | 0.02%             | 2034-05-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                              | Verus Securitization Trust 2022-3                                                | CUSIP: 92538UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1118684 | PA      | $1076884.02   | 0.20%             | 2067-02-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS                                | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed   | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    129000 | PA      | $123668.22    | 0.02%             | 2029-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                             | Equifax Inc                                                                      | CUSIP: 294429AR6<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58752.32     | 0.01%             | 2025-12-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP ATI INC 5.8                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -115094 | PA      | $-115093.75   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                            | QUALCOMM Inc                                                                     | CUSIP: 747525BP7<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1779000 | PA      | $1505008.76   | 0.28%             | 2032-05-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                  | Match Group Holdings II LLC                                                      | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    157000 | PA      | $154225.64    | 0.03%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                  | Northern Oil & Gas Inc                                                           | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    493000 | PA      | $491049.34    | 0.09%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                | Petrobras Global Finance BV                                                      | CUSIP: 71645WAS0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |     27000 | PA      | $27254.75     | 0.00%             | 2041-01-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                    | Garda World Security Corp                                                        | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    966000 | PA      | $1002733.75   | 0.18%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GTCR EVEREST BORROWER LLC                               | GTCR Everest Borrower LLC Add on Term Loan B                                     | CUSIP: 36269YAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    258352 | PA      | $258331.83    | 0.05%             | 2031-09-05      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                 | GSR Mortgage Loan Trust 2005-AR5                                                 | CUSIP: 362341MC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290122 | PA      | $144267.46    | 0.03%             | 2035-10-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                        | Altice France SA 2023 USD Term Loan B14                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |   1164262 | PA      | $1123512.97   | 0.21%             | 2028-08-15      | Floating      | 9.82%                 | No            |                  3 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP TREASURY NO                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        | -28820625 | PA      | $-28820625.00 | -5.28%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                      | TRSWAP: IBXXLLTR INDEX                                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |   2000000 | OU      | $47795.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    379000 | PA      | $364389.32    | 0.07%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                         | Maya SAS/Paris France                                                            | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    343000 | PA      | $348498.44    | 0.06%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WOOF HOLDINGS INC                                       | WOOF Holdings Inc 2025 First Out Exchange Term Loan                              | CUSIP: 95004UAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    107372 | PA      | $85002.94     | 0.02%             | 2029-12-31      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                                  | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    263000 | PA      | $274472.06    | 0.05%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP MULTI COLOR                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -325958 | PA      | $-325957.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP AXALTA COAT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -266159 | PA      | $-266158.62   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                              | Dynasty Acquisition Co Inc 2024 1st Lien Term Loan B2                            | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    489126 | PA      | $489101.29    | 0.09%             | 2031-10-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| SPECTRIS PLC                                            | SPECTRIS PLC USD TERM LOAN                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    133000 | PA      | $133166.25    | 0.02%             | 2032-09-24      | Floating      | 6.89%                 | No            |                  3 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                   | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    260000 | PA      | $266582.68    | 0.05%             | 2029-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY/WARRANTY                                  | Amynta Agency Borrower Inc and Amynta Warranty Borrower Inc                      | CUSIP: 03238AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    337000 | PA      | $344968.70    | 0.06%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                   | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    121000 | PA      | $118129.94    | 0.02%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTERNATIONAL INC                            | Somnigroup International Inc Term Loan B                                         | CUSIP: 88025BAP6<br>LEI: 549300HFEKVR3US71V91 | Long             | LON              | CORP              | US        |    318640 | PA      | $320233.48    | 0.06%             | 2031-10-24      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ARCHROCK PA                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -477202 | PA      | $-477202.50   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                     | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    392000 | PA      | $401743.23    | 0.07%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                  | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    284000 | PA      | $277258.10    | 0.05%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP INVERSION E                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -539112 | PA      | $-539112.50   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP MAUSER PACK                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -3286985 | PA      | $-3286985.00  | -0.60%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                        | Beazer Homes USA Inc                                                             | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     54000 | PA      | $53966.27     | 0.01%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | Sunoco LP                                                                        | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123917.73    | 0.02%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    501000 | PA      | $513916.78    | 0.09%             | 2032-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ZELIS PAYMENTS BUYER INC                                | Zelis Payments Buyer Inc 5th Amendment Term Loan                                 | CUSIP: 98932TAH6<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |   1188030 | PA      | $1187435.99   | 0.22%             | 2031-11-26      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                            | Magnera Corp                                                                     | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    142000 | PA      | $133619.16    | 0.02%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                                | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1411000 | PA      | $1471316.02   | 0.27%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP JH NORTH AM                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -293738 | PA      | $-293737.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc 2024 Term Loan L                                                   | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    487080 | PA      | $486743.91    | 0.09%             | 2032-01-19      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                  | Rockford Tower CLO 2017-2 Ltd                                                    | CUSIP: 77340GAQ4<br>LEI: 549300G18KVCW7VUKI86 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500012.05    | 0.09%             | 2029-10-15      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                              | Elastic NV                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |    226000 | PA      | $216938.17    | 0.04%             | 2029-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1209.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP ARDONAGH FI                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -1078834 | PA      | $-1078834.05  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP 1011778 BC                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -121270 | PA      | $-121270.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| RHP Hotel Properties LP                                 | RHP Hotel Properties LP 2024 1st Lien Term Loan B                                | CUSIP: 74958NAL0<br>LEI: 549300SJMSMA2471GA96 | Long             | LON              |  | US        |    245839 | PA      | $245634.87    | 0.04%             | 2030-05-20      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                                | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $188771.36    | 0.03%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    286000 | PA      | $268222.24    | 0.05%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                 | ATI Inc                                                                          | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    127000 | PA      | $127242.82    | 0.02%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EUTELSAT SA                                             | Eutelsat SA                                                                      | CUSIP: 000000000<br>LEI: 549300MCOOY1V7P2PG30 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $110064.02    | 0.02%             | 2028-10-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                        | Ensemble RCM LLC 2024 Term Loan B                                                | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |    848978 | PA      | $850777.45    | 0.16%             | 2029-08-01      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    944000 | PA      | $954462.35    | 0.17%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                                         | Murphy Oil Corp                                                                  | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |     29000 | PA      | $25357.14     | 0.00%             | 2042-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                    | Reworld Holding Corp Term Loan C                                                 | CUSIP: 22282GAN7<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |     36475 | PA      | $36475.38     | 0.01%             | 2028-11-30      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                   | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    242000 | PA      | $251985.40    | 0.05%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CABLE ONE I                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -482220 | PA      | $-482220.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BALL CORP                                               | Ball Corp                                                                        | CUSIP: 000000000<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    145000 | PA      | $174121.68    | 0.03%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENPRO INC                                               | Enpro Inc                                                                        | CUSIP: 29355XAH0<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | DBT              | CORP              | US        |    161000 | PA      | $164548.98    | 0.03%             | 2033-06-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                               | Caesars Entertainment Inc 2024 Term Loan B1                                      | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |   1892698 | PA      | $1886395.09   | 0.35%             | 2031-02-06      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP LIVE NATION                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -99888 | PA      | $-99887.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                 | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    759000 | PA      | $818704.46    | 0.15%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    839000 | PA      | $814848.04    | 0.15%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                                | Volcan Cia Minera SAA                                                            | CUSIP: 92863UAC0<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     23000 | PA      | $23857.90     | 0.00%             | 2030-01-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| DUOMO BIDCO SPA                                         | Duomo Bidco SpA                                                                  | CUSIP: 000000000<br>LEI: 8156008BEDB552B30829 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $118107.51    | 0.02%             | 2031-07-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                           | Ballyrock CLO 28 Ltd                                                             | CUSIP: 05876HAE2<br>LEI: 2549006FL37LMQQU3H44 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752624.85    | 0.14%             | 2038-01-20      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Asplundh Tree Expert LLC                                | Asplundh Tree Expert LLC 2021 Term Loan B                                        | CUSIP: 04538FAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    985220 | PA      | $984717.48    | 0.18%             | 2027-09-07      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                       | Service Corp International/US                                                    | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    370000 | PA      | $348852.24    | 0.06%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                     | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1268932.10   | 0.23%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FINASTRA USA INC                                        | FINASTRA USA INC 2025 1st LIEN TERM LOAN                                         | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |   2131000 | PA      | $2121112.16   | 0.39%             | 2032-09-15      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FREEDOM MOR                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -259538 | PA      | $-259537.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                | Charles River Laboratories International Inc                                     | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     42000 | PA      | $39117.18     | 0.01%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EFESTO BIDCO SPA/US LLC                                 | Efesto Bidco SpA Efesto US LLC                                                   | CUSIP: 28201XAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |    952000 | PA      | $968755.20    | 0.18%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP STAR HOLDIN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -237440 | PA      | $-237440.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL                                 | Garrett Motion Holdings Inc / Garrett LX I Sarl                                  | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $117488.34    | 0.02%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sterling Bank Trust                                     | Sterling COOFS Trust 2004-2                                                      | CUSIP: 859245AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    381608 | PA      | $0.04         | 0.00%             | 2030-03-30      | Fixed         | 2.08%                 | No            |                  3 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                | Standard Building Solutions Inc                                                  | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    633000 | PA      | $649471.31    | 0.12%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Avantor Funding Inc                                     | Avantor Funding Inc 2024 Term Loan B6                                            | CUSIP: 05350NAP9<br>LEI: 5493003VM0XB4U8YD238 | Long             | LON              | CORP              | US        |     76595 | PA      | $76881.74     | 0.01%             | 2027-11-08      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     49000 | PA      | $45758.35     | 0.01%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                   | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     54000 | PA      | $48330.00     | 0.01%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP ORGANON + C                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -173250 | PA      | $-173250.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                          | Morgan Stanley                                                                   | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2714957.86   | 0.50%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Howden Group Holdings Ltd                               | Howden Group Holdings Ltd 2024 USD Term Loan B                                   | CUSIP: 000000000<br>LEI: 875500V3HPKZIQP10J32 | Long             | LON              | CORP              | GB        |     95510 | PA      | $95420.42     | 0.02%             | 2030-04-18      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                 | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $310970.49    | 0.06%             | 2034-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP HESS MIDSTR                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -243508 | PA      | $-243507.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                       | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $211079.00    | 0.04%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                       | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $79.87        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                                | TGNR Intermediate Holdings LLC                                                   | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    347000 | PA      | $339554.94    | 0.06%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                          | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    420000 | PA      | $429087.96    | 0.08%             | 2032-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                 | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    275000 | PA      | $278924.80    | 0.05%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                          | Hertz Corp/The                                                                   | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    152000 | PA      | $161142.34    | 0.03%             | 2029-07-15      | Fixed         | 12.63%                | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                            | Fibercop SpA                                                                     | CUSIP: 683879AF7<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $201475.57    | 0.04%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd                                     | WEC US Holdings Ltd 2024 Term Loan                                               | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |   1024249 | PA      | $1024525.83   | 0.19%             | 2031-01-27      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                        | CSC Holdings LLC                                                                 | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    600000 | PA      | $526010.76    | 0.10%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP GLENCORE FU                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -494810 | PA      | $-494810.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                                    | Kioxia Holdings Corp                                                             | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    272000 | PA      | $279624.16    | 0.05%             | 2033-07-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                  | US 10YR NOTE (CBT)DEC25                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -314 | NC      | $-219621.40   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Bryant Park Funding Ltd                                 | Bryant Park Funding 2024-22 Ltd                                                  | CUSIP: 11766CAG9<br>LEI: 5493000N8L82QL1KEO96 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $805778.64    | 0.15%             | 2037-04-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                 | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    638000 | PA      | $596728.86    | 0.11%             | 2029-02-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                          | Sabre GLBL Inc 2021 Term Loan B2                                                 | CUSIP: 78571YBF6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     37272 | PA      | $35221.64     | 0.01%             | 2027-12-17      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP VIAVI SOLUT                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |    -87290 | PA      | $-87290.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                           | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |     89000 | PA      | $86233.15     | 0.02%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP EFESTO BIDC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -910331 | PA      | $-910330.96   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                | Standard Industries Inc/NY                                                       | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    353000 | PA      | $319665.51    | 0.06%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     59095 | PA      | $60549.10     | 0.01%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| EyeCare Partners LLC                                    | EyeCare Partners LLC 2024 Superpriority New Money 1st Out Term Loan A            | CUSIP: 30233PAQ3<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |    298803 | PA      | $300446.03    | 0.06%             | 2028-08-31      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP XPLR INFRAS                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -516750 | PA      | $-516750.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                 | Beach Acquisition Bidco LLC                                                      | CUSIP: 000000000<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    435000 | PA      | $523522.35    | 0.10%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | COLT 2024-INV4 Mortgage Loan Trust                                               | CUSIP: 19688QAA9<br>LEI: 2138008UGM66WOAUY633 | Long             | ABS-MBS          | CORP              | US        |   1141811 | PA      | $1152344.75   | 0.21%             | 2069-05-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                   | Level 3 Financing Inc                                                            | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    964500 | PA      | $906726.45    | 0.17%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP FAIR ISAAC                                                                   | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1080768 | PA      | $-1080767.50  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| BLOCK INC                                               | Block Inc                                                                        | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    524000 | PA      | $536596.96    | 0.10%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Commercial Mortgage Trust 2024-MF                                             | CUSIP: 05612EAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451582 | PA      | $452428.54    | 0.08%             | 2039-02-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                                  | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    340000 | PA      | $350727.22    | 0.06%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TruGreen Limited Partnership                            | TruGreen Limited Partnership 2020 Term Loan                                      | CUSIP: 89787RAH5<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |    183830 | PA      | $180231.08    | 0.03%             | 2027-11-02      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| NIDDA HEALTHCARE HOLDING                                | Nidda Healthcare Holding GmbH                                                    | CUSIP: 000000000<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $122389.60    | 0.02%             | 2030-02-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Propulsion (BC) Finco S.a.r.l.                          | Propulsion (BC) Finco Sarl 2025 Term Loan B                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    116231 | PA      | $116573.59    | 0.02%             | 2029-09-14      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| LUNA 1.5 SARL                                           | Luna 1.5 Sarl                                                                    | CUSIP: 000000000<br>LEI: 64884UZ60Y77J5XK5C41 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $121663.94    | 0.02%             | 2032-07-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| KRUNG THAI BANK/CAYMAN                                  | Krung Thai Bank PCL/Cayman Islands                                               | CUSIP: 000000000<br>LEI: 54930007ZQMYCRFQGE36 | Long             | DBT              | CORP              | TH        |    202000 | PA      | $200863.75    | 0.04%             | 2026-03-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Berkline Benchcraft Sub No                              | Berkline Benchcraft Sub No                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $0.02         | 0.00%             | 2022-06-01      | Fixed         | 4.50%                 | No            |                  3 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD                  | Goldentree Loan Management US Clo 11 Ltd                                         | CUSIP: 38138KAL4<br>LEI: 549300TMEEKUOKVHYV65 | Long             | ABS-CBDO         | CORP              | KY        |    280000 | PA      | $280224.62    | 0.05%             | 2034-10-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| SPRINGS WINDOWS FASHIONS LLC                            | Springs Windows Fashions LLC 2024 First Lien Second Out TL A2                    | CUSIP: 78489HAE8<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |    297143 | PA      | $241726.13    | 0.04%             | 2028-10-06      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                 | Millrose Properties Inc                                                          | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              |  | US        |    277000 | PA      | $277723.97    | 0.05%             | 2032-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICE                                | Brand Industrial Services Inc                                                    | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |   1494000 | PA      | $1489238.47   | 0.27%             | 2030-08-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| ODEON FINCO PLC                                         | Odeon Finco PLC                                                                  | CUSIP: 67585LAA3<br>LEI: 9845003ECF9901CC5382 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207150.20    | 0.04%             | 2027-11-01      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| CIENA CORPORATION                                       | Ciena Corporation 2025 Repriced Term Loan B                                      | CUSIP: 17178HAR3<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | LON              | CORP              | US        |    822836 | PA      | $823354.68    | 0.15%             | 2030-10-24      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                          | Core & Main LP 2024 Term Loan E                                                  | CUSIP: 40416VAH8<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |    374321 | PA      | $373153.48    | 0.07%             | 2031-02-09      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                    | Fortrea Holdings Inc                                                             | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |     89000 | PA      | $84277.69     | 0.02%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    734000 | PA      | $752376.42    | 0.14%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Charter NEX US, Inc.                                    | Charter NEX US Inc 2024 Term Loan B1                                             | CUSIP: 16125TAM4<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |   1870848 | PA      | $1875955.31   | 0.34%             | 2030-11-29      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| GRUENENTHAL GMBH                                        | Gruenenthal GmbH                                                                 | CUSIP: 000000000<br>LEI: 529900SH895E31PGLA72 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $119871.14    | 0.02%             | 2031-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP PRIME SECUR                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -96202 | PA      | $-96202.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    625000 | PA      | $633365.73    | 0.12%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Organon & Co                                            | Organon & Co 2024 USD Term Loan                                                  | CUSIP: 68621XAG8<br>LEI: 549300AMCKY57OK2CO56 | Long             | LON              | CORP              | US        |    287653 | PA      | $280102.33    | 0.05%             | 2031-05-19      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                                | Graham Packaging Co Inc                                                          | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60106.62     | 0.01%             | 2028-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                               | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1635309.48   | 0.30%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                | OBX 2022-NQM9 Trust                                                              | CUSIP: 67118LAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66891 | PA      | $66733.15     | 0.01%             | 2062-09-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                             | OCP CLO 2024-38 Ltd                                                              | CUSIP: 67120KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003018.10   | 0.18%             | 2038-01-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP MELCO RESOR                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -247510 | PA      | $-247509.71   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                    | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    599000 | PA      | $620919.21    | 0.11%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $193430.72    | 0.04%             | 2028-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MKS Instruments Inc                                     | MKS Instruments Inc 2025 USD Repriced Term Loan                                  | CUSIP: 55314NAZ7<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |   1253071 | PA      | $1251767.60   | 0.23%             | 2029-08-17      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP BELRON UK F                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -747786 | PA      | $-747786.28   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE KING (CARNELIAN POINT)                          | SERVICE KING (CARNELIAN POINT)                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |      1315 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                                  | HA Sustainable Infrastructure Capital Inc                                        | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    201000 | PA      | $204563.18    | 0.04%             | 2034-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FTAI AVIATI                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -379494 | PA      | $-379493.82   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                 | RRP TRANSOCEAN                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -326417 | PA      | $-326417.05   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LP                                    | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    189000 | PA      | $201184.64    | 0.04%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                     | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $702517.47    | 0.13%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                                   | Ontario Gaming GTA LP Term Loan B                                                | CUSIP: 000000000<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |    254088 | PA      | $247537.26    | 0.05%             | 2030-08-01      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services Inc                 | Sedgwick Claims Management Services Inc 2023 Term Loan B                         | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |   2079560 | PA      | $2076315.50   | 0.38%             | 2031-07-31      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP DIRECTV FIN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -654720 | PA      | $-654720.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                 | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    740000 | PA      | $740117.70    | 0.14%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                                       | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    249000 | PA      | $253336.58    | 0.05%             | 2030-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                  | RRP CLARIOS US                                                                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -685882 | PA      | $-685882.50   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP GFL ENVIRON                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -330525 | PA      | $-330525.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| FOUR SEASONS HOTELS LIMITED                             | FOUR SEASONS HOTELS LIMITED 2025 TERM LOAN B                                     | CUSIP: 000000000<br>LEI: 5493009FUVX8LHYY2202 | Long             | LON              | CORP              | CA        |   1297154 | PA      | $1298503.30   | 0.24%             | 2032-09-22      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| PRA GROUP EUROPE HOLDING                                | PRA Group Europe Holding II Sarl                                                 | CUSIP: 000000000<br>LEI: 635400CWOMLGBIP4GA24 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $115673.34    | 0.02%             | 2032-09-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                          | Wynn Macau Ltd                                                                   | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    410000 | PA      | $401041.50    | 0.07%             | 2029-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                         | Nissan Motor Co Ltd                                                              | CUSIP: 000000000<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $119650.66    | 0.02%             | 2029-07-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    684000 | PA      | $699157.44    | 0.13%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP INTESA SANP                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -160862 | PA      | $-160862.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ARENA LUX FIN SARL                                      | Arena Luxembourg Finance Sarl                                                    | CUSIP: 000000000<br>LEI: 222100KX2LPK5KRSIG74 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $118132.46    | 0.02%             | 2030-05-01      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corporation                    | Olympus Water US Holding Corporation 2024 USD Term Loan                          | CUSIP: 68163YAJ4<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |   1208721 | PA      | $1195630.38   | 0.22%             | 2031-06-20      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| AZZ Inc                                                 | AZZ Inc Term Loan B                                                              | CUSIP: 00247NAG7<br>LEI: 549300HD1X2NFLWPYC83 | Long             | LON              | CORP              | US        |     59473 | PA      | $59646.42     | 0.01%             | 2029-05-13      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    304000 | PA      | $321511.62    | 0.06%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                        | Vital Energy Inc                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    552000 | PA      | $535846.99    | 0.10%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                  | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    198000 | PA      | $187009.53    | 0.03%             | 2030-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| EyeCare Partners LLC                                    | EyeCare Partners LLC 2024 Second Out Term Loan B                                 | CUSIP: 30233PAT7<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |    306160 | PA      | $192442.79    | 0.04%             | 2028-11-30      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| SVP SINGER                                              | SVP SINGER                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4245 | NS      | $18571.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP ROCKET COMP                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -909242 | PA      | $-909242.50   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                                     | Meritage Homes Corp                                                              | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    390000 | PA      | $399150.25    | 0.07%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                         | Trans Union LLC 2024 Term Loan B8                                                | CUSIP: 89334GBF0<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |   1011971 | PA      | $1010988.92   | 0.19%             | 2031-06-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 3 SARL                                 | Albion Financing 3 SARL 2025 USD Term Loan                                       | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |   1006146 | PA      | $1008037.65   | 0.18%             | 2031-05-21      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP LIFEPOINT H                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -133354 | PA      | $-133353.75   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP NORTHERN OI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -718065 | PA      | $-718065.00   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                  | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    183000 | PA      | $187154.10    | 0.03%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP ATHENAHEALT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1924702 | PA      | $-1924702.50  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| REYNOLDS CONSUMER PRODUCTS LLC                          | Reynolds Consumer Products LLC 2025 Term Loan B                                  | CUSIP: 76171JAE1<br>LEI: 549300DWNZYMOSR1X343 | Long             | LON              | CORP              | US        |    207466 | PA      | $207776.82    | 0.04%             | 2032-03-04      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL SPECIALTY F                                | Bain Capital Specialty Finance Inc                                               | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70358.11     | 0.01%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ALLSPRING BUYER LLC                                     | AllSpring Buyer LLC 2024 Term Loan B                                             | CUSIP: 98922AAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    321000 | PA      | $321401.25    | 0.06%             | 2030-11-01      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    158000 | PA      | $153181.00    | 0.03%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Primo Brands Corporation                                | Primo Brands Corporation 2025 Term Loan B                                        | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |    501265 | PA      | $500994.39    | 0.09%             | 2028-03-31      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                          | Wynn Macau Ltd                                                                   | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $998010.00    | 0.18%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) LP                         | Lyra Music Assets Delaware LP                                                    | CUSIP: 552339AD5<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |    293000 | PA      | $296300.85    | 0.05%             | 2065-09-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Orion US Finco Inc.                                     | Orion US Finco Inc 1st Lien Term Loan                                            | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    521000 | PA      | $523605.00    | 0.10%             | 2032-05-20      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                   | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    378000 | PA      | $372827.75    | 0.07%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP ILIAD HOLDI                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -269114 | PA      | $-269114.37   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                                | Vertiv Group Corporation 2025 Term Loan                                          | CUSIP: 92537EAG3<br>LEI: 549300ZT8RQ5VK10E643 | Long             | LON              | CORP              | US        |   2045063 | PA      | $2046964.71   | 0.37%             | 2032-08-12      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP PERFORMANCE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -153900 | PA      | $-153900.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                  | Lumen Technologies Inc                                                           | CUSIP: 550241AC7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    200186 | PA      | $196182.28    | 0.04%             | 2030-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Cobham Ultra SeniorCo Sarl                              | Cobham Ultra SeniorCo Sarl USD Term Loan B                                       | CUSIP: 000000000<br>LEI: 254900L6IKLPZKIC4F32 | Long             | LON              | CORP              | LU        |    650007 | PA      | $649630.44    | 0.12%             | 2029-08-03      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI                                | Solstice Advanced Materials Inc                                                  | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    413000 | PA      | $414364.50    | 0.08%             | 2033-09-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    456000 | PA      | $466076.98    | 0.09%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP TRANSCONTIN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -266000 | PA      | $-266000.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CARVANA CO                                              | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    692643 | PA      | $724654.88    | 0.13%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP AT+T INC 4.                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1297688 | PA      | $-1297687.50  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK GROUP CORP                                     | SoftBank Group Corp                                                              | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $223502.11    | 0.04%             | 2032-07-06      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                       | State Street Corp                                                                | CUSIP: 857477AY9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    194000 | PA      | $175549.77    | 0.03%             | 2047-06-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                | Ares Strategic Income Fund                                                       | CUSIP: 04020EAR8<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172916.08    | 0.03%             | 2031-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                 | Talen Energy Supply LLC 2024-1 Incremental Term Loan                             | CUSIP: 87422LAY6<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |    335465 | PA      | $335535.45    | 0.06%             | 2031-12-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP SERVICE COR                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -180880 | PA      | $-180880.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                    | Chile Government International Bonds                                             | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $177000.00    | 0.03%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1152000 | PA      | $1173955.97   | 0.21%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                 | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     90000 | PA      | $91367.91     | 0.02%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                       | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $320966.12    | 0.06%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                          | Transocean International Ltd                                                     | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     36750 | PA      | $38667.28     | 0.01%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                 | Park River Holdings Inc                                                          | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167091.25    | 0.03%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC                   | Prime Security Services Borrower LLC 2024 1st Lien Term Loan B                   | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    442420 | PA      | $441065.77    | 0.08%             | 2030-10-13      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP SMYRNA READ                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -232645 | PA      | $-232645.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                                    | Flutter Financing BV 2025 Term Loan B                                            | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    693262 | PA      | $691917.57    | 0.13%             | 2032-06-04      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-515.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                                | Raven Acquisition Holdings LLC                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    303000 | PA      | $311383.40    | 0.06%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                                | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205561 | PA      | $208028.23    | 0.04%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lonza Group AG                                          | Lonza Group AG USD Term Loan B                                                   | CUSIP: 000000000<br>LEI: 549300Y0CIXN5D40L888 | Long             | LON              | CORP              | US        |    691229 | PA      | $622195.61    | 0.11%             | 2028-07-03      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP WYNN MACAU                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -372650 | PA      | $-372649.55   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| WEX INC                                                 | WEX Inc                                                                          | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    339000 | PA      | $346214.94    | 0.06%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CENTRAL PAR                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |    -62562 | PA      | $-62562.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    912000 | PA      | $942304.17    | 0.17%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP WABASH NATI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -130852 | PA      | $-130852.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                                | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    166000 | PA      | $85583.53     | 0.02%             | 2031-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                | Hess Midstream Operations LP                                                     | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112000 | PA      | $108554.62    | 0.02%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GVC Holdings (Gibraltar) Limited                        | GVC HOLDINGS GIBRALTAR LIMITED 2025 TERM LOAN B 2032                             | CUSIP: 000000000<br>LEI: 213800ATWJIEYQ8NF838 | Long             | LON              | CORP              | GI        |    187992 | PA      | $187623.24    | 0.03%             | 2032-07-31      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                          | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |     39000 | PA      | $38927.85     | 0.01%             | 2027-05-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CARNIVAL CO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -482924 | PA      | $-482924.06   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CARVANA CO                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -54657 | PA      | $-54657.19    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP ATI INC 7.2                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -461092 | PA      | $-461092.50   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP SABRE GLBL                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |    -87010 | PA      | $-87010.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP QUIKRETE HO                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1125372 | PA      | $-1125372.50  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC                                       | OneSky Flight LLC                                                                | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    250000 | PA      | $262888.25    | 0.05%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                         | Madison IAQ LLC                                                                  | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    240000 | PA      | $234230.52    | 0.04%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $437584.87    | 0.08%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                    | Carpenter Technology Corp                                                        | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    367000 | PA      | $377138.74    | 0.07%             | 2030-03-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                      | Energy Transfer LP                                                               | CUSIP: 86765BAT6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    235000 | PA      | $234506.67    | 0.04%             | 2026-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                                | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    296000 | PA      | $254872.28    | 0.05%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |   1980000 | PA      | $2035339.02   | 0.37%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                                | Sensata Technologies Inc                                                         | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     54000 | PA      | $49835.45     | 0.01%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP SERVICE PRO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -268886 | PA      | $-268886.25   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                   | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    306000 | PA      | $319204.82    | 0.06%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                             | Oracle Corp                                                                      | CUSIP: 68389XDC6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501933.87    | 0.09%             | 2065-08-03      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                  | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1600000 | PA      | $1480826.66   | 0.27%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                        | BAT Capital Corp                                                                 | CUSIP: 054989AC2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $565841.37    | 0.10%             | 2043-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                       | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    197000 | PA      | $205648.69    | 0.04%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                                      | PINNACLE BUYER LLC TERM LOAN                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    480500 | PA      | $481100.81    | 0.09%             | 2032-09-10      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | SWAP/CDSWAP/SCDS: (ADLERR)                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              |  | XX        |     12175 | OU      | $803.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                                | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $176645.48    | 0.03%             | 2030-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                      | Dominican Republic International Bond                                            | CUSIP: 25714PED6<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    200000 | PA      | $195800.00    | 0.04%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                   | Palmer Square CLO 2024-4 Ltd                                                     | CUSIP: 69703WAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1520000 | PA      | $1527964.80   | 0.28%             | 2038-01-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                                    | Aramark Services Inc                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    194000 | PA      | $193085.19    | 0.04%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                   | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     61000 | PA      | $52792.57     | 0.01%             | 2029-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                                    | Oceaneering International Inc                                                    | CUSIP: 675232AD4<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71878.13     | 0.01%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    276000 | PA      | $284648.46    | 0.05%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP ICAHN ENTER                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -458250 | PA      | $-458250.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                        | Lamar Media Corp                                                                 | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    209000 | PA      | $207462.58    | 0.04%             | 2033-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                                     | Gray Television Inc 2024 Term Loan B                                             | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |      3500 | PA      | $3498.53      | 0.00%             | 2029-06-04      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                          | Opal Bidco SAS USD Term Loan B                                                   | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | LON              | CORP              | US        |    980000 | PA      | $981960.00    | 0.18%             | 2032-04-28      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                                 | TransMontaigne Partners LLC                                                      | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $58353.13     | 0.01%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| STL HOLDING CO LLC                                      | STL Holding Co LLC                                                               | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |    120000 | PA      | $125749.92    | 0.02%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                  | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    221443 | PA      | $224024.62    | 0.04%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP UNION PACIF                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -430500 | PA      | $-430500.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| SELF Commercial Mortgage Trust                          | SELF Commercial Mortgage Trust 2024-STRG                                         | CUSIP: 81631WAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $269409.38    | 0.05%             | 2034-11-15      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                  | CUSIP: 126650DJ6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968708.80    | 0.18%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                          | Apidos CLO XVIII-R                                                               | CUSIP: 03767NAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2255000 | PA      | $2264317.66   | 0.41%             | 2038-01-22      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    747000 | PA      | $784805.67    | 0.14%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $314010.03    | 0.06%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91000 | PA      | $86585.60     | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                           | Boyne USA Inc                                                                    | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    214000 | PA      | $209954.05    | 0.04%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS GR                                | Merlin Entertainments Group US Holdings Inc                                      | CUSIP: 59010UAA5<br>LEI: 549300HBQPPKS1187K54 | Long             | DBT              | CORP              | US        |    400000 | PA      | $344680.84    | 0.06%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| RIVIAN HLD/AUTO LLC                                     | Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC                             | CUSIP: 76954LAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    232000 | PA      | $215967.76    | 0.04%             | 2031-01-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA                                    | Telecom Argentina SA                                                             | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |      8944 | PA      | $8805.37      | 0.00%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    513000 | PA      | $543316.76    | 0.10%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                   | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $216468.20    | 0.04%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    111000 | PA      | $112107.23    | 0.02%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEP Group Inc                                           | NEP Group Inc 2023 Term Loan B                                                   | CUSIP: 62908HAM7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       473 | PA      | $468.60       | 0.00%             | 2026-08-19      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                           | CUSIP: 77586RAN0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     62000 | PA      | $62650.29     | 0.01%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                   | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    372000 | PA      | $411063.72    | 0.08%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                    | OI European Group BV                                                             | CUSIP: 000000000<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $120846.57    | 0.02%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                         | Nordea Bank Abp                                                                  | CUSIP: 65559CAD3<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    560000 | PA      | $519398.94    | 0.10%             | 2029-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP JPMORGAN CH                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -343125 | PA      | $-343125.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |   1729000 | PA      | $1722886.77   | 0.32%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Aimco                                                   | AIMCO CLO Series 2018-B                                                          | CUSIP: 00900PAU9<br>LEI: 549300MMTPNJGGRMPB33 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $503620.45    | 0.09%             | 2037-04-16      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                         | Gen Digital Inc 2025 Term Loan B                                                 | CUSIP: 66877AAG3<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |    273000 | PA      | $271703.25    | 0.05%             | 2032-04-16      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 Issuer Trust                             | UPX HIL 2025-1 Issuer Trust                                                      | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    451974 | PA      | $453899.58    | 0.08%             | 2047-01-25      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES LLC                              | RRP FHLMC 30YR                                                                   | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | Short            | RA               | CORP              | US        |  -5259667 | PA      | $-5259667.09  | -0.96%            |  |  |  | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                     | Buckeye Partners LP                                                              | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    145000 | PA      | $135236.22    | 0.02%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| NAKED JUICE LLC                                         | Naked Juice LLC 2025 FLSO Term Loan                                              | CUSIP: 62984CAM5<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |    448919 | PA      | $337492.47    | 0.06%             | 2029-01-24      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                                   | Capstone Borrower Inc                                                            | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    764000 | PA      | $798984.32    | 0.15%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                    | LifePoint Health Inc                                                             | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    282000 | PA      | $296088.44    | 0.05%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $386456.97    | 0.07%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | Sunoco LP                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    124000 | PA      | $123085.25    | 0.02%             | 2031-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Delta 2 (LUX) S.a.r.l.                                  | Delta 2 (LUX) Sarl 2024 Term Loan B1                                             | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |    896360 | PA      | $896081.87    | 0.16%             | 2031-09-30      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    406000 | PA      | $414443.18    | 0.08%             | 2033-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                            | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    348000 | PA      | $360866.95    | 0.07%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    326000 | PA      | $342390.63    | 0.06%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                        | Bain Capital Credit CLO 2021-3 Ltd                                               | CUSIP: 05683NAG7<br>LEI: 254900XV68IP5ZAT0548 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249062.50    | 0.05%             | 2034-07-24      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP CVS HEALTH                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |  -2328219 | PA      | $-2328218.75  | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP VENTURE GLO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -557720 | PA      | $-557720.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                          | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    337000 | PA      | $351679.18    | 0.06%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                    | Flutter Treasury DAC                                                             | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    600000 | PA      | $609012.00    | 0.11%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                                     | White Cap Buyer LLC 2024 Term Loan B                                             | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |   2150051 | PA      | $2149599.39   | 0.39%             | 2029-10-19      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| USI Inc                                                 | USI Inc 2024 Term Loan D                                                         | CUSIP: 90351NAR6<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |   1504513 | PA      | $1502511.88   | 0.28%             | 2029-11-21      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                                | Northriver Midstream Finance LP                                                  | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    172000 | PA      | $175886.48    | 0.03%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                  | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    524000 | PA      | $551886.76    | 0.10%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP CHOBANI LLC                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -411300 | PA      | $-411300.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                    | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   1191000 | PA      | $1107031.88   | 0.20%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1469000 | PA      | $1489178.18   | 0.27%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BCP MODULAR SERVICES                                    | BCP V Modular Services Finance II PLC                                            | CUSIP: 000000000<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $109761.79    | 0.02%             | 2031-07-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                          | Sabre GLBL Inc                                                                   | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    390000 | PA      | $377695.50    | 0.07%             | 2030-07-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP FERTITTA EN                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -113050 | PA      | $-113050.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Station Casinos LLC                                     | Station Casinos LLC 2024 Term Loan B                                             | CUSIP: 85769EBB6<br>LEI: 5493004E7Q60TX54WL62 | Long             | LON              | CORP              | US        |   1391805 | PA      | $1391303.95   | 0.25%             | 2031-03-14      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FLUTTER TRE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -565818 | PA      | $-565818.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Ellucian Holdings, Inc.                                 | Ellucian Holdings Inc 2024 1st Lien Term Loan B                                  | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |   1741771 | PA      | $1740691.11   | 0.32%             | 2029-10-09      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1604000 | PA      | $1639931.20   | 0.30%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP ENERGY TRAN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -220312 | PA      | $-220312.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                                 | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    359000 | PA      | $370172.08    | 0.07%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CLOUD SOFTW                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1919635 | PA      | $-1919635.00  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| GoodLeap Home Improvement Solutions Trust               | GoodLeap Home Improvement Solutions Trust 2025-1                                 | CUSIP: 38237EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    269563 | PA      | $276076.49    | 0.05%             | 2049-02-20      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                | Madison Park Funding XXXVIII Ltd                                                 | CUSIP: 55821KAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250474.98    | 0.05%             | 2034-07-17      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP CLEAR CHANN                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -914232 | PA      | $-914232.50   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP ALLIANT HOL                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -471818 | PA      | $-471817.50   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                              | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    163000 | PA      | $188164.35    | 0.03%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP PNC FINANCI                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -474375 | PA      | $-474375.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Fortress Intermediate 3, Inc                            | Fortress Intermediate 3 Inc 2025 Term Loan B                                     | CUSIP: 34966LAD6<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | LON              | CORP              | US        |    309660 | PA      | $310434.15    | 0.06%             | 2031-06-27      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                   | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    534000 | PA      | $552069.01    | 0.10%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OLA Netherlands BV                                      | OLA Netherlands BV Term Loan                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |    612495 | PA      | $607901.38    | 0.11%             | 2026-12-15      | Floating      | 10.51%                | No            |                  2 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                                   | Sotheby's/Bidfair Holdings Inc                                                   | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    453000 | PA      | $412765.08    | 0.08%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RENAULT SA                                              | Renault SA                                                                       | CUSIP: 000000000<br>LEI: 969500F7JLTX36OUI695 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117226.82    | 0.02%             | 2030-09-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP BOOST NEWCO                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -746000 | PA      | $-746000.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                        | Altice France SA                                                                 | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $172987.27    | 0.03%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITRIN COOPERMAN ADVISORS LLC                           | Citrin Cooperman Advisors LLC 2025 Term Loan B                                   | CUSIP: 17737EAC7<br>LEI: 254900DPG9ZEAP5MK895 | Long             | LON              | CORP              | US        |    424710 | PA      | $422455.14    | 0.08%             | 2032-04-01      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                   | Element Solutions Inc                                                            | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |   1262000 | PA      | $1223044.33   | 0.22%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TEMPO ACQUISITION LLC                                   | Tempo Acquisition LLC 2025 Repriced Term Loan B                                  | CUSIP: 88023HAJ9<br>LEI: 549300VV0B2RPMHQGA61 | Long             | LON              | CORP              | US        |    532927 | PA      | $520344.61    | 0.10%             | 2028-08-31      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                  | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    584000 | PA      | $604302.88    | 0.11%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                   | LEVEL 3 FINANCING INC 2025 REPRICED TERM LOAN B4                                 | CUSIP: 000000000<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |    261000 | PA      | $261000.00    | 0.05%             | 2032-03-29      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                                | Diversified Healthcare Trust                                                     | CUSIP: 25525PAE7<br>LEI: N/A                  | Long             | DBT              |  | US        |    133000 | PA      | $135171.83    | 0.02%             | 2030-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                              | Terex Corp                                                                       | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    218000 | PA      | $222075.73    | 0.04%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield U.S. Borrower, LLC                  | Cushman & Wakefield US Borrower LLC 2025 Term Loan B3                            | CUSIP: 23340DAW2<br>LEI: 549300870CMN3WI5IF97 | Long             | LON              | CORP              | US        |    284250 | PA      | $284784.39    | 0.05%             | 2030-01-31      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    111000 | PA      | $115105.11    | 0.02%             | 2031-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI                                | Midcontinent Communications                                                      | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    252000 | PA      | $259636.36    | 0.05%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                    | Charter Communications Operating LLC 2023 Term Loan B4                           | CUSIP: 16117LCB3<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    634356 | PA      | $633429.75    | 0.12%             | 2030-12-07      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                 | Sensata Technologies BV                                                          | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    168000 | PA      | $161224.95    | 0.03%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                 | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    151000 | PA      | $150745.05    | 0.03%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP COLOMBIA (R                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -199971 | PA      | $-199970.78   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| STERLING COOFS TR                                       | STERLING COOFS TR                                                                | CUSIP: 859245AA0<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    606848 | PA      | $0.06         | 0.00%             | 2029-04-15      | Variable      | 2.36%                 | No            |                  3 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP UBS AG (STA                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1155000 | PA      | $-1155000.00  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                   | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    258000 | PA      | $273814.63    | 0.05%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOL 1                                | Starz Capital Holdings 1 Inc                                                     | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    232000 | PA      | $220014.88    | 0.04%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NOURYON FINANCE BV                                      | Nouryon Finance BV 2024 USD Term Loan B1                                         | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |    645307 | PA      | $645713.14    | 0.12%             | 2028-04-03      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP EG GLOBAL F                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -306791 | PA      | $-306791.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                         | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    496000 | PA      | $498787.02    | 0.09%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    134000 | PA      | $131665.80    | 0.02%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                        | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1100000 | PA      | $1155152.97   | 0.21%             | 2029-01-18      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                                    | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    258000 | PA      | $267898.43    | 0.05%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Clover Holdings SPV III LLC                             | Clover Holdings SPV III LLC 2024 USD Term Loan                                   | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |     37015 | PA      | $37848.33     | 0.01%             | 2027-12-09      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| BOELS TOPHOLDING BV                                     | Boels Topholding BV                                                              | CUSIP: 000000000<br>LEI: 724500V913SEHSEW2O75 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $121765.16    | 0.02%             | 2030-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                   | Quikrete Holdings Inc 2025 Term Loan B                                           | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    379095 | PA      | $378837.22    | 0.07%             | 2032-02-10      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP NORDEA BANK                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -468171 | PA      | $-468171.20   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Halliburton Co                                          | Halliburton Co                                                                   | CUSIP: 406216BG5<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2996.63      | 0.00%             | 2025-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                             | Chemours Co/The                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    282000 | PA      | $281766.99    | 0.05%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                  | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    436000 | PA      | $414957.81    | 0.08%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP TRANSOCEAN                                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -116840 | PA      | $-116840.33   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                 | Windstream Services LLC                                                          | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    351000 | PA      | $350905.23    | 0.06%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                  | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    650000 | PA      | $681200.00    | 0.12%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                                   | Clover Holdings 2 LLC Term Loan B                                                | CUSIP: 18914DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1978118 | PA      | $1977504.28   | 0.36%             | 2031-12-09      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     16000 | PA      | $15349.58     | 0.00%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANS UNION LLC                                         | Trans Union LLC 2024 Term Loan B9                                                | CUSIP: 89334GBG8<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |   1048992 | PA      | $1047921.58   | 0.19%             | 2031-06-24      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                 | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    749000 | PA      | $734145.46    | 0.13%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                  | Lumen Technologies Inc 2024 Extended Term Loan B1                                | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |    536944 | PA      | $532992.28    | 0.10%             | 2029-04-16      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| LOXAM SAS                                               | Loxam SAS                                                                        | CUSIP: 000000000<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |     90000 | PA      | $109444.05    | 0.02%             | 2029-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                | Univision Communications Inc                                                     | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    398000 | PA      | $424135.47    | 0.08%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS & CO                                       | Levi Strauss & Co                                                                | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |     16000 | PA      | $14854.96     | 0.00%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ziggo Financing Partnership                             | Ziggo Financing Partnership USD Term Loan I                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    468200 | PA      | $466739.58    | 0.09%             | 2028-04-30      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                      | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    149000 | PA      | $142933.03    | 0.03%             | 2029-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CLOUD SOFTW                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1799688 | PA      | $-1799687.50  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| Hunter Douglas Inc.                                     | Hunter Douglas Inc 2025 USD Term Loan B                                          | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |   1153169 | PA      | $1153169.10   | 0.21%             | 2032-01-20      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                 | Dream Finders Homes Inc                                                          | CUSIP: 26154DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $119307.33    | 0.02%             | 2028-08-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                  | Sequoia Mortgage Trust 2024-INV1                                                 | CUSIP: 816939AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    878671 | PA      | $883395.21    | 0.16%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    254000 | PA      | $267955.53    | 0.05%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                | Snap Inc                                                                         | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    279000 | PA      | $282384.67    | 0.05%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WR Grace & Co-Conn                                      | WR Grace & Co-Conn 2025 Term Loan B                                              | CUSIP: 92943HAD1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | LON              | CORP              | US        |    440000 | PA      | $440734.80    | 0.08%             | 2032-08-19      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                 | Dryden 64 CLO Ltd                                                                | CUSIP: 26251LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251857.70    | 0.05%             | 2031-04-18      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                           | Cable One Inc                                                                    | CUSIP: 12685JAG0<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    777000 | PA      | $663169.50    | 0.12%             | 2028-03-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |     81000 | PA      | $80252.48     | 0.01%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Gold Pool                                                            | CUSIP: 3128P8H20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    760519 | PA      | $748127.32    | 0.14%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                                | Amneal Pharmaceuticals LLC                                                       | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180987.16    | 0.03%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                 | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $128122.88    | 0.02%             | 2033-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                  | RRP ADVANCED DR                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -198300 | PA      | $-198300.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP OUTFRONT ME                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -243840 | PA      | $-243840.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                     | United Airlines Inc 2024 1st Lien Term Loan B                                    | CUSIP: 90932RAP9<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |    703012 | PA      | $704185.94    | 0.13%             | 2031-02-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                           | Parkland Corp                                                                    | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    201000 | PA      | $206539.96    | 0.04%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    401000 | PA      | $377911.78    | 0.07%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     82000 | PA      | $85719.67     | 0.02%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FEDRIGONI SPA                                           | Fedrigoni SpA                                                                    | CUSIP: 000000000<br>LEI: 8156004CE82074779D19 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $116702.21    | 0.02%             | 2031-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP JONES DESLA                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -541082 | PA      | $-541082.50   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| REGIONAL MGMT ISSUANCE                                  | REGIONAL MGMT ISSUANCE                                                           | CUSIP: 75907WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    980000 | PA      | $949424.00    | 0.17%             | 2033-10-17      | Fixed         | 3.88%                 | No            |                  3 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1046235.15   | 0.19%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                        | Vail Resorts Inc                                                                 | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    364000 | PA      | $376357.80    | 0.07%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                         | SWAP/CDSWAP/ICE: (CDX.NA.IG.45.V1)                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  14100000 | OU      | $-324574.11   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                                   | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393469.92    | 0.07%             | 2028-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                                | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     72000 | PA      | $69991.23     | 0.01%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    272000 | PA      | $280130.08    | 0.05%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bally's Corporation                                     | Bally's Corporation 2021 Term Loan B                                             | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |    447802 | PA      | $433996.55    | 0.08%             | 2028-10-02      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| VS BUYER LLC                                            | VS Buyer LLC 2025 Term Loan B                                                    | CUSIP: 91834WAG5<br>LEI: 254900G5QLDMHSCYJK25 | Long             | LON              | CORP              | US        |   1533604 | PA      | $1529294.92   | 0.28%             | 2031-04-12      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                 | American Airlines Inc 2025 Term Loan                                             | CUSIP: 02376CBS3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | KY        |    486910 | PA      | $485897.68    | 0.09%             | 2028-04-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP NATIONSTAR                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -137445 | PA      | $-137445.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                                | Cloud Software Group Inc 2025 Term Loan B (2031)                                 | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   1479461 | PA      | $1484550.81   | 0.27%             | 2031-03-21      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP SABRE GLBL                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |    -74970 | PA      | $-74970.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| M6 ETX HOLDINGS II MIDCO LLC                            | M6 ETX Holdings II Midco LLC 2025 Term Loan B                                    | CUSIP: 55285DAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    327180 | PA      | $327180.00    | 0.06%             | 2032-04-01      | Floating      | 9.25%                 | No            |                  2 | On Loan: No      |
| Murphy USA Inc                                          | Murphy USA Inc Term Loan B                                                       | CUSIP: 62675KAB5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | LON              | CORP              | US        |    173000 | PA      | $174261.17    | 0.03%             | 2032-04-07      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP CARVANA CO                                                                   | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -690046 | PA      | $-690045.59   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP ENERGY TRAN                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -406858 | PA      | $-406857.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP WINDSTREAM                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |  -1004950 | PA      | $-1004950.00  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                          | NRG Energy Inc                                                                   | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    808000 | PA      | $820581.37    | 0.15%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GARFUNKELUX HOLDCO 3 SA                                 | Garfunkelux Holdco 3 SA                                                          | CUSIP: 000000000<br>LEI: 2221007QVSNJV7EWBX69 | Long             | DBT              | CORP              | LU        |     21000 | PA      | $25064.48     | 0.00%             | 2028-09-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MAGENTA SECURITY HOLDINGS LLC                           | Magenta Security Holdings LLC 2024 First Out Term Loan                           | CUSIP: 55909UAE9<br>LEI: 254900F51KU7HIRXTS68 | Long             | LON              | CORP              | US        |    201768 | PA      | $164832.53    | 0.03%             | 2028-07-27      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                     | Buckeye Partners LP 2025 Term Loan B2                                            | CUSIP: 11823LAQ8<br>LEI: 549300C1PQJLVEIUBK50 | Long             | LON              | CORP              | US        |    169150 | PA      | $169210.89    | 0.03%             | 2030-11-22      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| PRA Health Sciences Inc                                 | PRA Health Sciences Inc 2024 US Term Loan B                                      | CUSIP: 000000000<br>LEI: 549300R1HR1VWWHIAK47 | Long             | LON              | CORP              | US        |     63233 | PA      | $63180.45     | 0.01%             | 2028-07-03      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                 | VZ Secured Financing BV                                                          | CUSIP: 000000000<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $117399.76    | 0.02%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| APEX GROUP TREASURY LLC                                 | Apex Group Treasury LLC 2025 USD Term Loan B                                     | CUSIP: 000000000<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |    877265 | PA      | $856429.96    | 0.16%             | 2032-02-27      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                 | Light & Wonder International Inc                                                 | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     87000 | PA      | $90476.35     | 0.02%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ATS CORP                                                | ATS Corp                                                                         | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |    108000 | PA      | $103474.30    | 0.02%             | 2028-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP STANDARD BU                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -603724 | PA      | $-603723.75   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                          | Bombardier Inc                                                                   | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     68000 | PA      | $72082.19     | 0.01%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP GARDA WORLD                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -564558 | PA      | $-564557.50   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                          | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    163000 | PA      | $164276.66    | 0.03%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Roper Industrial Products Investment Company LLC        | Roper Industrial Products Investment Company LLC 2024 USD 1st Lien Term Loan B   | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |    413706 | PA      | $414053.32    | 0.08%             | 2029-11-22      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP BROADCOM IN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1157288 | PA      | $-1157287.50  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                 | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $409858.13    | 0.08%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                  | Rockford Tower CLO 2021-3 Ltd                                                    | CUSIP: 77341NAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2976600 | PA      | $2989189.83   | 0.55%             | 2038-01-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                   | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    318000 | PA      | $330622.60    | 0.06%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                   | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    484000 | PA      | $478057.11    | 0.09%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP BLACKSTONE                                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -588552 | PA      | $-588552.50   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                        | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    895000 | PA      | $919907.85    | 0.17%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP TALLGRASS E                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -401528 | PA      | $-401527.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                            | Voya CLO 2019-3 Ltd                                                              | CUSIP: 92918FAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500500.05    | 0.09%             | 2032-10-17      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ELLUCIAN HO                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -389252 | PA      | $-389252.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| FABBRICA ITA SINTETICI                                  | FIS Fabbrica Italiana Sintetici SpA                                              | CUSIP: 000000000<br>LEI: 8156004D7056C63EC525 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $118293.17    | 0.02%             | 2027-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                           | RRP CCO HOLDING                                                                  | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Short            | RA               | CORP              | US        |   -784350 | PA      | $-784350.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP DIGICEL INT                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -808498 | PA      | $-808497.67   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    224000 | PA      | $232272.79    | 0.04%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                  | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167418.78    | 0.03%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP BOMBARDIER                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -253048 | PA      | $-253047.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                 | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   2025045 | PA      | $1938980.63   | 0.35%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                  | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $190003.54    | 0.03%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                                | Hertz Corporation (The) 2021 Term Loan C                                         | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    117790 | PA      | $105534.68    | 0.02%             | 2028-06-30      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                   | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    186000 | PA      | $195704.66    | 0.04%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                              | Avis Budget Car Rental LLC 2020 Term Loan B                                      | CUSIP: 05377JAR3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2027-08-06      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| SPEEDSTER BIDCO GMBH                                    | Speedster Bidco GmbH 2024 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 254900LE837QB2YYV824 | Long             | LON              | CORP              | DE        |   1275598 | PA      | $1276401.64   | 0.23%             | 2031-12-10      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                 | Darling Ingredients Inc                                                          | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    249000 | PA      | $251380.69    | 0.05%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP SBA COMMUNI                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -453778 | PA      | $-453777.50   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127000 | PA      | $126888.79    | 0.02%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                          | TeamSystem SpA                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $117534.94    | 0.02%             | 2032-07-01      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                                    | Aramark Services Inc 2024 Term Loan B8                                           | CUSIP: 03852JAV3<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |   1031323 | PA      | $1032395.56   | 0.19%             | 2030-06-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                    | LifePoint Health Inc                                                             | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    228000 | PA      | $242981.47    | 0.04%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials Holding Company LLC       | Foundation Building Materials Holding Company LLC 2024 Term Loan B2              | CUSIP: 35039KAD8<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |   1251025 | PA      | $1252588.59   | 0.23%             | 2031-01-29      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP ENERGY TRAN                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -314930 | PA      | $-314930.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                | Service Properties Trust                                                         | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |   1418000 | PA      | $1509736.09   | 0.28%             | 2031-11-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $172832.45    | 0.03%             | 2033-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP PERMIAN RES                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -298410 | PA      | $-298410.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| HEATHROW FINANCE PLC                                    | Heathrow Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $125038.64    | 0.02%             | 2029-09-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                          | Bombardier Inc                                                                   | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    254000 | PA      | $265476.48    | 0.05%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                 | RRP CELANESE US                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -138465 | PA      | $-138465.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP ARDONAGH GR                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -1215185 | PA      | $-1215185.40  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| STITCH AQUISITION CORPORATION                           | Stitch Aquisition Corporation 2024 2nd Out Term Loan                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     57640 | PA      | $46976.49     | 0.01%             | 2029-12-31      | Floating      | 11.76%                | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC                              | OUTFRONT MEDIA CAPITAL LLC 2025 TERM LOAN B                                      | CUSIP: 000000000<br>LEI: 5493005WC7J0FDMW0610 | Long             | LON              | CORP              | US        |    401000 | PA      | $400751.38    | 0.07%             | 2032-09-24      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                                   | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    303000 | PA      | $311915.67    | 0.06%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                              | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    129782 | PA      | $140067.22    | 0.03%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ELASTIC NV                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -201056 | PA      | $-201056.38   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                                 | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133000 | PA      | $145147.29    | 0.03%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                 | RRP JELD WEN HO                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -137696 | PA      | $-137696.25   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP BLOCK INC 6                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -479460 | PA      | $-479460.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP BLACK HILLS                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -282125 | PA      | $-282125.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAB6<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    244000 | PA      | $246870.17    | 0.05%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                     | NCL Corp Ltd                                                                     | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    693000 | PA      | $696586.81    | 0.13%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP GENERAL MOT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -996250 | PA      | $-996250.00   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP BOMBARDIER                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -256648 | PA      | $-256647.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                     | Medline Borrower LP 2025 Incremental Term Loan B                                 | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    174562 | PA      | $174454.27    | 0.03%             | 2030-10-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA, INC.                               | RRP ELEVANCE HE                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Short            | RA               | CORP              | US        |   -950000 | PA      | $-950000.00   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                    | REWORLD HOLDING CORP 2025 1st LIEN TERM LOAN B                                   | CUSIP: 22282GAR8<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |    210000 | PA      | $209344.80    | 0.04%             | 2031-01-15      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                    | Kaiser Aluminum Corp                                                             | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    243000 | PA      | $240278.80    | 0.04%             | 2028-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                        | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    176000 | PA      | $175161.78    | 0.03%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                                   | SS&C Technologies Inc 2024 Term Loan B8                                          | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |   1739558 | PA      | $1743419.69   | 0.32%             | 2031-05-09      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                            | Novelis Corp                                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    860000 | PA      | $784051.77    | 0.14%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Intrado Corporation                                     | Intrado Corporation 2023 Term Loan B                                             | CUSIP: 40147EAB5<br>LEI: 254900OSYC6XQ21DY128 | Long             | LON              | CORP              | US        |    178562 | PA      | $178524.37    | 0.03%             | 2030-01-31      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                   | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   2812000 | PA      | $2932649.20   | 0.54%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LUNA 1.5 SARL                                           | Luna 1.5 Sarl                                                                    | CUSIP: 000000000<br>LEI: 64884UZ60Y77J5XK5C41 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $243327.87    | 0.04%             | 2032-07-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                     | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    477000 | PA      | $474709.49    | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                     | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     58000 | PA      | $59532.48     | 0.01%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                     | JPMorgan Chase & Co                                                              | CUSIP: 48123KAE6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    325000 | PA      | $302242.39    | 0.06%             | 2037-02-02      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ONEMAIN FIN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -172226 | PA      | $-172226.25   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                           | RRP MPT OPERATI                                                                  | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Short            | RA               | CORP              | US        |   -756551 | PA      | $-756551.25   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                                 | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    945000 | PA      | $977027.00    | 0.18%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                 | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    156000 | PA      | $156137.00    | 0.03%             | 2031-07-16      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                                     | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |    238000 | PA      | $247432.42    | 0.05%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK                                    | SWAP/CDSWAP/SCDS: (VMED)                                                         | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCR              |  | XX        |     10000 | OU      | $123.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bright Horizons Family Solutions LLC                    | Bright Horizons Family Solutions LLC 2025 Term Loan B                            | CUSIP: 10919RAR0<br>LEI: 254900BHOU40CFNXWQ75 | Long             | LON              | CORP              | US        |    702098 | PA      | $704295.51    | 0.13%             | 2032-08-23      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Crash Champions LLC                                     | Crash Champions LLC 2024 Term Loan B                                             | CUSIP: 15870MAC0<br>LEI: 391200ZDD75EGEUJ7625 | Long             | LON              | CORP              | US        |     79340 | PA      | $74182.57     | 0.01%             | 2029-02-23      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| CARNIVAL PLC                                            | Carnival PLC                                                                     | CUSIP: 000000000<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | DBT              | CORP              | GB        |    395000 | PA      | $469460.35    | 0.09%             | 2031-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CENTRAL PAR                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -209050 | PA      | $-209050.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                     | Century Communities Inc                                                          | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    173000 | PA      | $174515.35    | 0.03%             | 2033-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK GREECE SA                                 | National Bank of Greece SA                                                       | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | DBT              | CORP              | GR        |    100000 | PA      | $126301.56    | 0.02%             | 2035-06-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                               | Nelnet Student Loan Trust 2025-B                                                 | CUSIP: 64032BAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    801000 | PA      | $806602.27    | 0.15%             | 2055-05-17      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust 2024-BPRC                                  | CUSIP: 95004AAJ2<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $251823.44    | 0.05%             | 2043-07-15      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP USA COMPRES                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -326711 | PA      | $-326711.25   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                | Permian Resources Operating LLC                                                  | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    280000 | PA      | $285223.40    | 0.05%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                                   | Fortress Intermediate 3 Inc                                                      | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    598000 | PA      | $626130.52    | 0.11%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                        | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    329000 | PA      | $334855.34    | 0.06%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Company Inc                   | Hilton Domestic Operating Company Inc 2023 Term Loan B4                          | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |   1350363 | PA      | $1351227.21   | 0.25%             | 2030-11-08      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN COMPANY                                | Alterra Mountain Company 2025 Term Loan B8                                       | CUSIP: 46124CAS6<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |    655656 | PA      | $656068.57    | 0.12%             | 2030-05-31      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP TWILIO INC                                                                   | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -225900 | PA      | $-225900.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                  | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    362000 | PA      | $361408.71    | 0.07%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                  | Lumen Technologies Inc 2024 Term Loan A                                          | CUSIP: 55024EAD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |     45125 | PA      | $45830.49     | 0.01%             | 2028-06-01      | Floating      | 10.16%                | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                        | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    318000 | PA      | $323496.04    | 0.06%             | 2030-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                            | ADT Security Corp/The                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    107000 | PA      | $103623.78    | 0.02%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP LAMB WESTON                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -215250 | PA      | $-215250.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| DERBY BUYER LLC                                         | Derby Buyer LLC 2024 Repriced Term Loan B                                        | CUSIP: 24968CAE3<br>LEI: 2549003XRO7JUBUWQX87 | Long             | LON              | CORP              | US        |    841529 | PA      | $842403.77    | 0.15%             | 2030-11-01      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148000 | PA      | $147247.08    | 0.03%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                              | USI Inc/NY                                                                       | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |    465000 | PA      | $487635.44    | 0.09%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                  | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    400000 | PA      | $399903.52    | 0.07%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                | Capital One Financial Corp                                                       | CUSIP: 14040HCY9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    440000 | PA      | $461431.22    | 0.08%             | 2034-02-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP TK ELEVATOR                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -1155328 | PA      | $-1155327.69  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                           | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1321000 | PA      | $1335851.91   | 0.24%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                               | SUNOCO LP                                                                        | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    254000 | PA      | $258531.93    | 0.05%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LEARFIELD COMMUNICATIONS LLC                            | LEARFIELD COMMUNICATIONS LLC                                                     | CUSIP: 000000000<br>LEI: 549300177GK4LMS8T214 | Long             | EC               | CORP              | US        |      2588 | NS      | $271740.00    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CONSTRUCTION PARTNERS INC                               | Construction Partners Inc Term Loan B                                            | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |    162770 | PA      | $163126.47    | 0.03%             | 2031-11-03      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO LLC                                 | RRP VITAL ENERG                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Short            | RA               | CORP              | US        |   -410550 | PA      | $-410550.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ARCOSA INC                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -256328 | PA      | $-256327.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    828000 | PA      | $749045.38    | 0.14%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                   | Level 3 Financing Inc                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1853000 | PA      | $1885073.74   | 0.35%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                          | Bombardier Inc                                                                   | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    542000 | PA      | $543370.18    | 0.10%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORBCOMM Inc                                             | Orbcomm Inc Term Loan B                                                          | CUSIP: 68558RAB9<br>LEI: 529900PSC8WVCY267I23 | Long             | LON              | CORP              | US        |    305517 | PA      | $274776.08    | 0.05%             | 2028-09-01      | Floating      | 8.71%                 | No            |                  2 | On Loan: No      |
| PINEWOOD FINCO PLC                                      | Pinewood Finco PLC                                                               | CUSIP: 000000000<br>LEI: 984500EF3F7CA63ND769 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $135265.36    | 0.02%             | 2030-03-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AHP Health Partners, Inc.                               | AHP HEALTH PARTNERS INC 2025 TERM LOAN B                                         | CUSIP: 00130MAL8<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | LON              | CORP              | US        |     99673 | PA      | $99828.06     | 0.02%             | 2032-09-20      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                  | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136000 | PA      | $127626.86    | 0.02%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ILIAD SA                                                | iliad SA                                                                         | CUSIP: 000000000<br>LEI: 969500FZ9BTRZS3JNB97 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $118042.41    | 0.02%             | 2032-01-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    351000 | PA      | $349160.09    | 0.06%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Banco Espirito Santo SA                                 | BANCO ESPIRITO SANTO SA                                                          | CUSIP: 000000000<br>LEI: UBGVXZLX4SCS302CM391 | Long             | DBT              | CORP              | PT        |    100000 | PA      | $25829.11     | 0.00%             | 2022-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                          | Transocean International Ltd                                                     | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    248000 | PA      | $243047.61    | 0.04%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP FIBERCOP SP                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -218364 | PA      | $-218363.86   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| CARVANA CO                                              | Carvana Co                                                                       | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1557595 | PA      | $1763552.67   | 0.32%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 54 Ltd                      | Octagon 54 Ltd                                                                   | CUSIP: 67577FAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249982.93    | 0.05%             | 2034-07-15      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                         | Star Parent Inc Term Loan B                                                      | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    462667 | PA      | $462473.07    | 0.08%             | 2030-09-27      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                      | Crown Americas LLC                                                               | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    545000 | PA      | $550510.59    | 0.10%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                          | OPAL BIDCO SAS                                                                   | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $121512.61    | 0.02%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                      | Voyager Parent LLC Term Loan B                                                   | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    639000 | PA      | $639875.43    | 0.12%             | 2032-07-01      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP VENTAS REAL                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -610188 | PA      | $-610187.50   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP AECOM 6.0 0                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -644725 | PA      | $-644725.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                | J.P. Morgan Mortgage Trust 2022-DSC1                                             | CUSIP: 46656AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    304338 | PA      | $300680.88    | 0.06%             | 2063-01-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                   | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    232000 | PA      | $240479.37    | 0.04%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Jones DesLauriers Insurance Management Inc.             | Jones DesLauriers Insurance Management Inc 2025 Term Loan B                      | CUSIP: 000000000<br>LEI: 549300JQIWNFU00E5424 | Long             | LON              | CORP              | CA        |    579692 | PA      | $576613.66    | 0.11%             | 2030-03-15      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                        | Vail Resorts Inc                                                                 | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    204000 | PA      | $205275.00    | 0.04%             | 2030-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                 | Invesco Senior Loan ETF                                                          | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |     80000 | NS      | $1674400.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Countrywide Alternative Loan Trust                      | Alternative Loan Trust 2006-J8                                                   | CUSIP: 23245LAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1729872 | PA      | $652046.16    | 0.12%             | 2037-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP LAMB WESTON                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -206242 | PA      | $-206242.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| COLOSSUS ACQUIRECO LLC                                  | Colossus Acquireco LLC Term Loan B                                               | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    888000 | PA      | $882307.92    | 0.16%             | 2032-07-30      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                  | CUSIP: 3140J9V73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1473379 | PA      | $1469053.81   | 0.27%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BHMS Mortgage Trust                                     | BHMS Commercial Mortgage Trust 2025-ATLS                                         | CUSIP: 088928AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    381000 | PA      | $382073.85    | 0.07%             | 2042-08-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                               | Block Inc                                                                        | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    341000 | PA      | $345493.70    | 0.06%             | 2030-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP                                     | Hilcorp Energy I LP Term Loan B                                                  | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |    440785 | PA      | $440785.00    | 0.08%             | 2030-02-11      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                           | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $490.96       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP BARCLAYS PL                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -791798 | PA      | $-791798.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                        | SWAP/CDSWAP/SCDS: (ZEGLN)                                                        | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DCR              |  | GB        |      7057 | OU      | $1279.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryan LLC                                                | Ryan LLC Term Loan                                                               | CUSIP: 78350LAZ8<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |     46295 | PA      | $46352.87     | 0.01%             | 2030-11-14      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     32000 | PA      | $29592.38     | 0.01%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    330000 | PA      | $336111.93    | 0.06%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                        | Modena Buyer LLC Term Loan                                                       | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |    286447 | PA      | $282559.86    | 0.05%             | 2031-07-01      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                         | Gen Digital Inc 2024 Term Loan B                                                 | CUSIP: 66877AAF5<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |   1755441 | PA      | $1749963.56   | 0.32%             | 2029-09-12      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP BAUSCH + LO                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |  -1209698 | PA      | $-1209697.50  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP QXO BUILDIN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -862861 | PA      | $-862861.25   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    189000 | PA      | $186857.25    | 0.03%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1647313.60   | 0.30%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                     | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    396000 | PA      | $407258.91    | 0.07%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                                  | TK Elevator Midco GmbH                                                           | CUSIP: 000000000<br>LEI: 254900K869UN2ZWVB351 | Long             | DBT              | CORP              | DE        |    311000 | PA      | $365539.49    | 0.07%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                       | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    395000 | PA      | $402905.93    | 0.07%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    627000 | PA      | $616589.93    | 0.11%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                             | OCP CLO 2019-16 Ltd                                                              | CUSIP: 67570QAR2<br>LEI: 254900XAI48J82ID5O83 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250822.58    | 0.05%             | 2033-04-10      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    285000 | PA      | $279229.51    | 0.05%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                  | Match Group Holdings II LLC                                                      | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181264.74    | 0.03%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                     | Clydesdale Acquisition Holdings Inc 2025 Term Loan B                             | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    927252 | PA      | $925573.17    | 0.17%             | 2032-04-01      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                    | Enel Finance International NV                                                    | CUSIP: 29278GAA6<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    900000 | PA      | $892134.08    | 0.16%             | 2027-05-25      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                            | Barclays PLC                                                                     | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2200000 | PA      | $2328802.70   | 0.43%             | 2029-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE ACQUISITION CO INC                            | Aimbridge Acquisition Co Inc 2025 First Out Term Loan                            | CUSIP: 00900YAG1<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |    117431 | PA      | $116941.14    | 0.02%             | 2030-03-11      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                | AT&T Inc                                                                         | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1352939.07   | 0.25%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                            | MH Sub I LLC 2024 Term Loan B4                                                   | CUSIP: 000000000<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    320942 | PA      | $294865.45    | 0.05%             | 2031-12-31      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| WAYSTAR TECHNOLOGIES INC                                | WAYSTAR TECHNOLOGIES INC 2025 FUNG Add-On TERM LOAN B                            | CUSIP: 63939WAP8<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |    258460 | PA      | $258351.41    | 0.05%             | 2029-10-22      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                        | HealthEquity Inc                                                                 | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    615000 | PA      | $596319.50    | 0.11%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                | LABL Inc                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    551000 | PA      | $468095.44    | 0.09%             | 2028-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Central Parent Inc                                      | Central Parent Inc 2024 Term Loan B                                              | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1563176 | PA      | $1348661.63   | 0.25%             | 2029-07-06      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                                | GrafTech Global Enterprises Inc                                                  | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $123612.50    | 0.02%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP MPLX LP 4.2                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -175519 | PA      | $-175518.75   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| AVIENT CORP                                             | Avient Corp                                                                      | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    158000 | PA      | $160452.71    | 0.03%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                  | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3084553.89   | 0.56%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| QXO INC                                                 | QXO Inc Term Loan B                                                              | CUSIP: 07368RAJ0<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |    244800 | PA      | $246658.03    | 0.05%             | 2032-04-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Telenet Financing USD LLC                               | Telenet Financing USD LLC 2020 USD Term Loan AR                                  | CUSIP: 000000000<br>LEI: 213800BMPOX34U6DWN81 | Long             | LON              | CORP              | US        |    180000 | PA      | $178387.20    | 0.03%             | 2028-04-30      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP CLOUD SOFTW                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -447942 | PA      | $-447942.50   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                     | Avantor Funding Inc                                                              | CUSIP: 000000000<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     38462 | PA      | $45135.47     | 0.01%             | 2025-11-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| KKR APPLE BIDCO LLC                                     | KKR Apple Bidco LLC 2025 Term Loan                                               | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |   1728803 | PA      | $1728180.71   | 0.32%             | 2031-09-23      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services Inc                           | Brand Industrial Services Inc 2024 Term Loan B                                   | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |   1359320 | PA      | $1228825.53   | 0.22%             | 2030-08-01      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY GEOTHERMAL                                  | Star Energy Geothermal Wayang Windu Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    136900 | PA      | $141434.81    | 0.03%             | 2033-04-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                      | Ellington Financial Mortgage Trust 2021-2                                        | CUSIP: 31572LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    169081 | PA      | $142196.20    | 0.03%             | 2066-06-25      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                      | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |     68000 | PA      | $71216.40     | 0.01%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                          | Sabre GLBL Inc 2024 Term Loan B2                                                 | CUSIP: 78571YBL3<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    158639 | PA      | $149120.32    | 0.03%             | 2029-11-15      | Floating      | 10.26%                | No            |                  3 | On Loan: No      |
| Proampac PG Borrower LLC                                | Proampac PG Borrower LLC 2024 Term Loan                                          | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |    101742 | PA      | $101970.69    | 0.02%             | 2028-09-15      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp                                        | Black Hills Corp                                                                 | CUSIP: 092113AM1<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    305000 | PA      | $300942.02    | 0.06%             | 2027-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                                | SK Invictus Intermediate II Sarl                                                 | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    362000 | PA      | $354310.25    | 0.06%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Momentive Performance Materials Inc                     | Momentive Performance Materials Inc 2023 Term Loan                               | CUSIP: 60877JAG7<br>LEI: H2OFQI2FJX0T8IHKL414 | Long             | LON              | CORP              | US        |    750707 | PA      | $752958.80    | 0.14%             | 2028-03-29      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                        | Altice France SA                                                                 | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1195600.00   | 0.22%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                             | Grant Thornton Advisors LLC 2025 Term Loan B                                     | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    251805 | PA      | $250089.79    | 0.05%             | 2031-06-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                | Boost Newco Borrower LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    800000 | PA      | $848715.20    | 0.16%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CreekSource (Dunes Creek) CLO Ltd                       | Creeksource 2024-1 Dunes Creek Clo Ltd                                           | CUSIP: 225914AA8<br>LEI: 254900CZYOXX4AZ15302 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502171.25    | 0.09%             | 2038-01-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP KIMMERIDGE                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -496162 | PA      | $-496162.50   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                         | Maya SAS/Paris France                                                            | CUSIP: 000000000<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $119912.69    | 0.02%             | 2030-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                            | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $119252.90    | 0.02%             | 2030-06-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC                                    | RRP ORACLE CORP                                                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Short            | RA               | CORP              | US        |   -483750 | PA      | $-483750.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ONEMAIN FIN                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -367225 | PA      | $-367225.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| ECL ENTERTAINMENT LLC                                   | ECL Entertainment LLC 2025 Term Loan B                                           | CUSIP: 26826TAM5<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |    376952 | PA      | $376292.73    | 0.07%             | 2030-08-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                             | Freddie Mac Pool                                                                 | CUSIP: 3132DTZH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5897139 | PA      | $5576820.77   | 1.02%             | 2042-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                  | FRONERI LUX FINCO SARL 2025 USD TERM LOAN                                        | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | US        |    516000 | PA      | $514627.44    | 0.09%             | 2032-07-16      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| MEADE PIPELINE CO LLC                                   | MEADE PIPELINE CO LLC TERM LOAN B                                                | CUSIP: 000000000<br>LEI: 254900UZE9CEDHUYSZ47 | Long             | LON              | CORP              | US        |    148000 | PA      | $147815.00    | 0.03%             | 2032-09-22      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Gryphon Acquire Newco, LLC                              | GRYPHON ACQUIRE NEWCO LLC TERM LOAN B                                            | CUSIP: 40054QAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    414000 | PA      | $414906.66    | 0.08%             | 2032-09-13      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                  | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    619000 | PA      | $635156.52    | 0.12%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                        | Colt 2024-7 Mortgage Loan Trust                                                  | CUSIP: 19688YAA2<br>LEI: 213800EA95GXXC9AJO50 | Long             | ABS-MBS          | CORP              | US        |   1312193 | PA      | $1322115.40   | 0.24%             | 2069-12-26      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP BLOCK INC 2                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -302978 | PA      | $-302977.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL/FINANC                                | Pebblebrook Hotel LP / PEB Finance Corp                                          | CUSIP: 70510LAA7<br>LEI: N/A                  | Long             | DBT              |  | US        |    123000 | PA      | $124833.81    | 0.02%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    211000 | PA      | $209603.86    | 0.04%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP SS+C TECHNO                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -503962 | PA      | $-503962.50   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                        | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    219000 | PA      | $222011.25    | 0.04%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust 2024-BIO                                                                | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $239175.00    | 0.04%             | 2041-02-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| PAINT INTERMEDIATE III LLC                              | Paint Intermediate III LLC 2024 Term Loan B                                      | CUSIP: 69575EAL3<br>LEI: 549300C2JJM7BNZTR054 | Long             | LON              | CORP              | US        |    276308 | PA      | $275616.73    | 0.05%             | 2031-10-09      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC                      | Alliant Holdings Intermediate LLC 2025 Term Loan B                               | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |   3454602 | PA      | $3444583.95   | 0.63%             | 2031-09-19      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                    | WR Grace Holdings LLC                                                            | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    487000 | PA      | $481535.86    | 0.09%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                                | Weatherford International Ltd                                                    | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    474000 | PA      | $484546.97    | 0.09%             | 2030-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Banco Espirito Santo SA                                 | BANCO ESPIRITO SANTO SA SR UNSECURED REGS 01/18 4.75                             | CUSIP: 000000000<br>LEI: 635400JV7IJL16OWIT96 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $25829.11     | 0.00%             | 2022-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                             | Asurion LLC 2025 Term Loan B13                                                   | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1421146 | PA      | $1411084.62   | 0.26%             | 2030-09-19      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP JPMORGAN CH                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -285594 | PA      | $-285593.75   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AQ4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    226000 | PA      | $232335.01    | 0.04%             | 2032-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                            | Barclays PLC                                                                     | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2455000 | PA      | $2355158.88   | 0.43%             | 2028-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP SEAGATE DAT                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -564785 | PA      | $-564785.27   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP VIKING CRUI                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -220656 | PA      | $-220655.80   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                 | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    727000 | PA      | $772544.37    | 0.14%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TURQUOISE TOPCO LTD                                     | TURQUOISE TOPCO LTD TERM LOAN B                                                  | CUSIP: 000000000<br>LEI: 254900RI25V4FBT02P38 | Long             | LON              | CORP              | US        |    416000 | PA      | $416262.08    | 0.08%             | 2032-07-31      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                         | Maya SAS/Paris France                                                            | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    211000 | PA      | $215178.64    | 0.04%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                                   | Stonepeak Nile Parent LLC                                                        | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    114000 | PA      | $120045.65    | 0.02%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS LLC                                 | RRP TENET HEALT                                                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Short            | RA               | CORP              | US        |   -204688 | PA      | $-204687.50   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                               | Anchorage Capital CLO 7 Ltd                                                      | CUSIP: 03328TBY0<br>LEI: 54930014PVHLSZJQK139 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1006673.10   | 0.18%             | 2037-04-28      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| MANITOWOC COMPANY INC                                   | Manitowoc Co Inc/The                                                             | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |    137000 | PA      | $143742.13    | 0.03%             | 2031-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO HOLDINGS UK LTD                           | INEOS Quattro Holdings UK Ltd 2024 USD Term Loan B                               | CUSIP: 000000000<br>LEI: 213800HKSMBSJQ32CA45 | Long             | LON              | CORP              | US        |    296510 | PA      | $254011.22    | 0.05%             | 2031-10-07      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                   | Qnity Electronics Inc                                                            | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    277000 | PA      | $279112.62    | 0.05%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $1059161.40   | 0.19%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                              | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     31000 | PA      | $32379.28     | 0.01%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                         | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    300000 | PA      | $283536.44    | 0.05%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP FTAI AVIATI                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -555670 | PA      | $-555670.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                   | Quikrete Holdings Inc 2024 Term Loan B1                                          | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    695435 | PA      | $695615.83    | 0.13%             | 2029-03-19      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Columbus McKinnon Corporation                           | Columbus McKinnon Corporation 2024 Term Loan                                     | CUSIP: 19933MAQ6<br>LEI: 549300W3HQB0HO1F3G69 | Long             | LON              | CORP              | US        |    119597 | PA      | $119596.82    | 0.02%             | 2028-05-14      | Floating      | 6.50%                 | No            |                  3 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP COMMSCOPE L                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -507566 | PA      | $-507566.25   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                  | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAD1<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    219000 | PA      | $220927.20    | 0.04%             | 2030-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                        | CIFC Funding 2018-I Ltd                                                          | CUSIP: 17181NAG9<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |   2255000 | PA      | $2264335.93   | 0.41%             | 2038-01-18      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SACA                                          | Vallourec SACA                                                                   | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |    517000 | PA      | $550845.41    | 0.10%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP VENTURE GLO                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -841252 | PA      | $-841252.50   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Applied Systems Inc                                     | Applied Systems Inc 2024 1st Lien Term Loan                                      | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |   2000576 | PA      | $2001136.54   | 0.37%             | 2031-02-24      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                       | Service Corp International/US                                                    | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    641000 | PA      | $649383.00    | 0.12%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                                   | Clover Holdings 2 LLC Fixed Term Loan B                                          | CUSIP: 18914DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1020442 | PA      | $1026187.59   | 0.19%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Calpine Construction Finance Company LP                 | Calpine Construction Finance Company LP 2023 Refinancing Term Loan B             | CUSIP: 13134NAH4<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | LON              | CORP              | US        |    930941 | PA      | $930828.90    | 0.17%             | 2030-07-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CAESARS ENT                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -448001 | PA      | $-448001.25   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                  | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1333462.29   | 0.24%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                            | Fibercop SpA                                                                     | CUSIP: 000000000<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $119331.99    | 0.02%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    100000 | PA      | $121792.27    | 0.02%             | 2030-05-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| H.B. Fuller Company                                     | HB Fuller Company 2025 Term Loan B                                               | CUSIP: 40409VAW4<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | LON              | CORP              | US        |    311724 | PA      | $312699.60    | 0.06%             | 2030-02-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                            | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    630000 | PA      | $607108.95    | 0.11%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Covia Holdings Corporation                              | Covia Holdings Corporation 2025 Repriced Term Loan B                             | CUSIP: 22305CAF6<br>LEI: 213800IE4YGTGVTQ1806 | Long             | LON              | CORP              | US        |    218452 | PA      | $219271.70    | 0.04%             | 2032-02-26      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP SCIENTIFIC                                                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |   -167200 | PA      | $-167200.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEARWATER ANALYTICS LLC                                | Clearwater Analytics LLC 2025 Term Loan B                                        | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |    517000 | PA      | $517000.00    | 0.09%             | 2032-04-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                   | American Airlines Inc 2023 1st Lien Term Loan                                    | CUSIP: 02376CBM6<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    340560 | PA      | $339814.17    | 0.06%             | 2029-06-04      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                     | White Cap Buyer LLC                                                              | CUSIP: 96350RAA2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |   1965000 | PA      | $1959162.97   | 0.36%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WOM CHILE HOLDCO SPA                                    | WOM Chile Holdco SpA                                                             | CUSIP: 97810KAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    289155 | PA      | $257347.95    | 0.05%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CLARIVATE S                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -636864 | PA      | $-636863.75   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ARDAGH META                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -370116 | PA      | $-370116.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP CHS/COMMUNI                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -647100 | PA      | $-647100.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ARES STRATE                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -120938 | PA      | $-120937.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| GCAT                                                    | GCAT 2022-NQM3 Trust                                                             | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1223098 | PA      | $1218762.10   | 0.22%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    470000 | PA      | $469145.35    | 0.09%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Advisor Group Inc                                       | Advisor Group Inc 2025 Term Loan                                                 | CUSIP: 68773JAG5<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |   1112000 | PA      | $1111177.12   | 0.20%             | 2032-07-30      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| PAI Holdco Inc                                          | PAI Holdco Inc 2020 Term Loan B                                                  | CUSIP: 69315JAG8<br>LEI: 2549001NJ55NUV372F56 | Long             | LON              | CORP              | US        |    254161 | PA      | $211716.15    | 0.04%             | 2027-10-28      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     49000 | PA      | $49654.15     | 0.01%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP LLC                                | Ryan Specialty Group LLC 2024 USD Term Loan B                                    | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |   1203734 | PA      | $1203361.10   | 0.22%             | 2031-09-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                   | Jane Street Group LLC 2024 Term Loan B1                                          | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   1216489 | PA      | $1206355.90   | 0.22%             | 2031-12-15      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAD5<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    195000 | PA      | $206663.24    | 0.04%             | 2031-07-29      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP AHP HEALTH                                                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -316969 | PA      | $-316968.75   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                        | CSC Holdings LLC 2022 Term Loan B6                                               | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    222018 | PA      | $220448.05    | 0.04%             | 2028-01-18      | Floating      | 8.65%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                   | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    611000 | PA      | $600580.13    | 0.11%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                               | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F0506A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1983314.32   | 0.36%             | 2055-10-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                  | CHL Mortgage Pass-Through Trust 2006-17                                          | CUSIP: 17025AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    611362 | PA      | $266134.74    | 0.05%             | 2036-12-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP CLYDESDALE                                                                   | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |   -778680 | PA      | $-778680.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21000 | PA      | $20637.69     | 0.00%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                  | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $56619.90     | 0.01%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                                  | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAE5<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    201000 | PA      | $180425.38    | 0.03%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                   | Level 3 Financing Inc                                                            | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    114000 | PA      | $99532.66     | 0.02%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                  | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2110000 | PA      | $2129032.85   | 0.39%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                           | Ingevity Corp                                                                    | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |     84000 | PA      | $80709.62     | 0.01%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MOBICO GROUP PLC                                        | Mobico Group PLC                                                                 | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $113565.89    | 0.02%             | 2028-11-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                 | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    174000 | PA      | $179975.74    | 0.03%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                 | MPLX LP                                                                          | CUSIP: 55336VBN9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    185000 | PA      | $185180.18    | 0.03%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                          | Sabre GLBL Inc 2024 Term Loan B1                                                 | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    297259 | PA      | $279423.54    | 0.05%             | 2029-11-15      | Floating      | 10.26%                | No            |                  3 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP CARVANA CO                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -780822 | PA      | $-780821.80   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                                        | Whitebox Clo II Ltd                                                              | CUSIP: 96466CBE7<br>LEI: 549300C89ZJ5IWOT1F21 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $504080.45    | 0.09%             | 2037-10-24      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Light and Wonder International, Inc.                    | Light and Wonder International Inc 2024 Term Loan B2                             | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    655814 | PA      | $656227.20    | 0.12%             | 2029-04-14      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                         | Madison IAQ LLC Term Loan                                                        | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   1789101 | PA      | $1789404.74   | 0.33%             | 2028-06-21      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                       | RRP AMERICAN WA                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | Short            | RA               | CORP              | US        |   -840375 | PA      | $-840375.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP FIBERCOP SP                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -182286 | PA      | $-182286.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| RealPage Inc                                            | RealPage Inc 1st Lien Term Loan                                                  | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    924367 | PA      | $921815.91    | 0.17%             | 2028-04-24      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                           | Carnival Corp                                                                    | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    227000 | PA      | $232616.66    | 0.04%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $367341.75    | 0.07%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                | Builders FirstSource Inc                                                         | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    172000 | PA      | $179590.80    | 0.03%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP NOVELIS COR                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |   -752500 | PA      | $-752500.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                  | Harvest Midstream I LP                                                           | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    112000 | PA      | $114408.56    | 0.02%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                          | RRP ROCKET COMP                                                                  | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Short            | RA               | CORP              | US        |  -1100416 | PA      | $-1100416.25  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Electron BidCo Inc                                      | Electron BidCo Inc 2021 Term Loan                                                | CUSIP: 28542CAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1214772 | PA      | $1216849.64   | 0.22%             | 2028-11-01      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Company LLC                          | Go Daddy Operating Company LLC 2024 Term Loan B8                                 | CUSIP: 38017BAX4<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |    652863 | PA      | $651903.51    | 0.12%             | 2029-11-09      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                                   | CMG Media Corp                                                                   | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    188000 | PA      | $172662.96    | 0.03%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                       | Citigroup Mortgage Loan Trust 2006-FX1                                           | CUSIP: 17309YAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    291545 | PA      | $168058.09    | 0.03%             | 2036-10-25      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                  | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    380000 | PA      | $384328.58    | 0.07%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                    | OneMain Finance Corp                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    179000 | PA      | $166390.55    | 0.03%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                         | CVS Health Corp                                                                  | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    635000 | PA      | $655469.23    | 0.12%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                       | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    388000 | PA      | $403025.69    | 0.07%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    463000 | PA      | $498348.07    | 0.09%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| US BANCORP INVESTMENTS INC                              | RRP CLOUD SOFTW                                                                  | CUSIP: 000000000<br>LEI: H85Z6XZP8B10ES0M2G89 | Short            | RA               | CORP              | US        |  -1980762 | PA      | $-1980762.50  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| ING GROEP NV                                            | ING Groep NV                                                                     | CUSIP: 456837AY9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1750000 | PA      | $1677734.45   | 0.31%             | 2027-05-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                       | Service Corp International/US                                                    | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    238000 | PA      | $237983.53    | 0.04%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ARDONAGH MIDCO 3 PLC                                    | Ardonagh Midco 3 PLC 2024 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |   1245245 | PA      | $1237985.22   | 0.23%             | 2031-02-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    557000 | PA      | $559130.64    | 0.10%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP SHIFT4 PAYM                                                                  | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |   -741825 | PA      | $-741825.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                     | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     87000 | PA      | $90362.46     | 0.02%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FILTRATION GROUP CORPORATION                            | Filtration Group Corporation 2025 USD Term Loan                                  | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   1566165 | PA      | $1572037.74   | 0.29%             | 2028-10-21      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                                | Team Health Holdings Inc 2025 Term Loan B                                        | CUSIP: 87817JAH1<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |    249375 | PA      | $248699.19    | 0.05%             | 2028-06-30      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC                  | Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B                      | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |   2829900 | PA      | $2809270.42   | 0.51%             | 2032-01-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                    | Aramark Services Inc 2025 Repriced Term Loan                                     | CUSIP: 03852JBB6<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    383187 | PA      | $383186.78    | 0.07%             | 2028-04-06      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP HILTON DOME                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -384178 | PA      | $-384177.50   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                              | Fannie Mae Pool                                                                  | CUSIP: 3140XQWJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    442807 | PA      | $452901.85    | 0.08%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                               | Pike Corp                                                                        | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |     89000 | PA      | $95474.48     | 0.02%             | 2031-01-31      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORPORATION                             | Epicor Software Corporation 2024 Term Loan F                                     | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   1697977 | PA      | $1699284.50   | 0.31%             | 2031-05-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                       | EMRLD Borrower LP 2024 Term Loan B                                               | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    913109 | PA      | $908716.49    | 0.17%             | 2031-08-04      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS                                  | Methanex US Operations Inc                                                       | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    147000 | PA      | $149567.80    | 0.03%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CUBE INDUSTRIALS BUYER INC                              | Cube Industrials Buyer Inc 2024 Term Loan                                        | CUSIP: 22971EAB4<br>LEI: 25490058FG1NWDNJ5K52 | Long             | LON              | CORP              | US        |    146265 | PA      | $146630.66    | 0.03%             | 2031-10-17      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                          | Sabre GLBL Inc                                                                   | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    182000 | PA      | $184606.28    | 0.03%             | 2027-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP ARDAGH META                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1396752 | PA      | $-1396752.00  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| UNIQUE PUB FINANCE CO                                   | Unique Pub Finance Co PLC/The                                                    | CUSIP: 000000000<br>LEI: 213800FOMWLKHQTI5562 | Long             | ABS-O            | CORP              | GB        |     20293 | PA      | $28485.25     | 0.01%             | 2032-03-30      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| MAGENTA SECURITY HOLDINGS LLC                           | Magenta Security Holdings LLC 2024 Third Out Term Loan                           | CUSIP: 55909UAG4<br>LEI: 254900F51KU7HIRXTS68 | Long             | LON              | CORP              | US        |    566298 | PA      | $112789.49    | 0.02%             | 2028-07-27      | Floating      | 10.82%                | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP GARDA WORLD                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -302772 | PA      | $-302772.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                          | Bombardier Inc                                                                   | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    251000 | PA      | $270676.39    | 0.05%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                     | RRP 1261229 BC                                                                   | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Short            | RA               | CORP              | US        |  -2604000 | PA      | $-2604000.00  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP VALLOUREC S                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -313465 | PA      | $-313465.45   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                  | Match Group Holdings II LLC                                                      | CUSIP: 57667JAC6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    342000 | PA      | $345004.47    | 0.06%             | 2033-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                       | Healthpeak OP LLC                                                                | CUSIP: 42250PAB9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |   1000000 | PA      | $921034.79    | 0.17%             | 2031-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP LEVEL 3 FIN                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -1406090 | PA      | $-1406090.00  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN                                 | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $193876.34    | 0.04%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES USA LLC                                   | RRP ALLIANT HOL                                                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Short            | RA               | CORP              | US        |   -256772 | PA      | $-256772.50   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                       | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp                  | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    166000 | PA      | $168213.44    | 0.03%             | 2033-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                                | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    457000 | PA      | $451896.09    | 0.08%             | 2028-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                          | Ryan Specialty LLC                                                               | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    232000 | PA      | $234595.15    | 0.04%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Bulgaria Government International Bonds                 | Bulgaria Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |     24000 | PA      | $24024.00     | 0.00%             | 2037-03-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AFFLELOU SAS                                            | Afflelou SAS                                                                     | CUSIP: 000000000<br>LEI: 969500I7CS80FNB7CZ43 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $122465.85    | 0.02%             | 2029-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INEOS US Finance LLC                                    | Ineos US Finance LLC 2023 USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    292807 | PA      | $264258.64    | 0.05%             | 2030-02-18      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                                | Pattern Energy Operations LP / Pattern Energy Operations Inc                     | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $81868.79     | 0.01%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                            | UBS Group AG                                                                     | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    460000 | PA      | $506696.44    | 0.09%             | 2028-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NEW IMMO HOLDING SA                                     | New Immo Holding SA                                                              | CUSIP: 000000000<br>LEI: 5493007LOTJ0I8E94R81 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $115686.36    | 0.02%             | 2027-07-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                 | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | US        |    260000 | PA      | $318966.87    | 0.06%             | 2032-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                      | Caturus Energy LLC                                                               | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    623000 | PA      | $648648.00    | 0.12%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                    | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    535000 | PA      | $556793.23    | 0.10%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    295000 | PA      | $352870.93    | 0.06%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                  | RRP MATADOR RES                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Short            | RA               | CORP              | US        |   -223215 | PA      | $-223215.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                 | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAA8<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    179552 | PA      | $181441.39    | 0.03%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                   | Civitas Resources Inc                                                            | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    179000 | PA      | $183387.47    | 0.03%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL INC                     | RRP ENERGY TRAN                                                                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Short            | RA               | CORP              | US        |  -3480000 | PA      | $-3480000.00  | -0.64%            |  |  |  | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                                | MajorDrive Holdings IV LLC                                                       | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    267000 | PA      | $218799.42    | 0.04%             | 2029-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                             | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    185000 | PA      | $182922.36    | 0.03%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                           | EchoStar Corp                                                                    | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1902636 | PA      | $1961522.58   | 0.36%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                    | LifePoint Health Inc 2024 1st Lien Term Loan B                                   | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    597342 | PA      | $595789.39    | 0.11%             | 2031-05-19      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                                 | Surgery Center Holdings Inc                                                      | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    726000 | PA      | $745780.60    | 0.14%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                                | Concentra Health Services Inc                                                    | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    340000 | PA      | $353049.88    | 0.06%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                      | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    249000 | PA      | $237209.85    | 0.04%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                    | WR Grace Holdings LLC                                                            | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    119000 | PA      | $118262.01    | 0.02%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                              | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64012.29     | 0.01%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** BlackRock Ltd Duration Income Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer