NPORT-P
    false
    
      
      
        
          0001676197
          XXXXXXXX
        
      
      
      
    
  
  
    
      GRIFFIN INSTITUTIONAL ACCESS CREDIT FUND
      811-23159
      0001676197
      549300OM28GL3UQRWD92
      GRIFFIN CAPITAL PLAZA 1520 GRAND AVENUE
      EL SEGUNDO
      
      90245
      3104696100
      Griffin Institutional Access Credit Fund
      549300OM28GL3UQRWD92
      2021-12-31
      2021-09-30
      N
    
    
      767410397.02
      194038226.16
      573372170.86
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      127645324.40000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      31408980.10000000
      
        
          EUR
          
          
        
        
          GBP
          
          
        
        
          USD
          
          
        
      
      
      
      N
      
        
          
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
    
    
      
        AVSC Holding Corp.
        549300CLJBQ9YSR4U689
        AVSC Holding Corp., First Lien 2020 B-3 Term Loan
        00241YAS3
        
          
        
        1942071.68000000
        PA
        USD
        2345051.55000000
        0.408992914058
        Long
        LON
        CORP
        US
        N
        2
        
          2026-10-15
          Floating
          15.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Mountain View Clo
        549300URXZ1TS31FK720
        Mountain View CLO 2017-2 LLC
        62432KAE3
        
          
        
        900000.00000000
        PA
        USD
        837461.70000000
        0.146059007144
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-01-16
          Floating
          6.08640000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Atlas Senior Loan Fund Ltd
        N/A
        Atlas Senior Loan Fund VII, Ltd.
        04941UAE7
        
          
        
        300000.00000000
        PA
        USD
        283313.10000000
        0.049411728437
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-11-27
          Floating
          6.52380000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ardagh Metal Packaging
        635400YUJMWFYRBL5293
        Ardagh Metal Packaging Finance USA LLC
        03969YAA6
        
          
        
        855000.00000000
        PA
        USD
        853931.25000000
        0.148931408498
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-09-01
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National Mentor Holdings, Inc.
        5493004QULJVJP3CNZ62
        National Mentor Holdings, Inc., Second Lien Initial Term Loan
        63689EAW5
        
          
        
        1609441.86000000
        PA
        USD
        1639618.89000000
        0.285960668014
        Long
        LON
        CORP
        US
        N
        2
        
          2029-03-02
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Technimark Holdings LLC
        N/A
        Technimark LLC, First Lien Initial Term Loan
        N/A
        
          
        
        376529.90000000
        PA
        USD
        376059.24000000
        0.065587285032
        Long
        LON
        CORP
        US
        N
        2
        
          2028-07-09
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Global Air Lease Co Ltd
        N/A
        Global Aircraft Leasing Co., Ltd.
        37960JAB4
        
          
        
        860000.00000000
        PA
        USD
        803386.20000000
        0.140116008559
        Long
        DBT
        CORP
        KY
        
        Y
        2
        
          2024-09-15
          Fixed
          6.50000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Pack-A-Punch Bidco Limited Facility B
        N/A
        
          
        
        1095000.00000000
        PA
        
        1438518.13000000
        0.250887329924
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-07-15
          Floating
          5.80080000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wind River Clo Ltd
        N/A
        THL Credit Wind River 2014-2 CLO, Ltd.
        88390AAZ3
        
          
        
        450000.00000000
        PA
        USD
        442751.40000000
        0.077218850600
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-01-15
          Floating
          3.02610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jadex, Inc.
        54930058MQXTMLJDNV67
        Jadex, Inc., First Lien 2021 Refinancing Term Loan
        73178EAD4
        
          
        
        1286271.15000000
        PA
        USD
        1276090.31000000
        0.222558815173
        Long
        LON
        CORP
        US
        N
        2
        
          2028-02-18
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Auris Luxembourg III S.a r.l.
        N/A
        Auris Luxembourg III SARL, First Lien Facility B1A Term Loan
        N/A
        
          
        
        795719.54000000
        PA
        
        921335.94000000
        0.160687244136
        Long
        LON
        CORP
        LU
        N
        2
        
          2026-02-27
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Aegion Corp.
        549300AG3DVJURRIT691
        Aegion Corp., First Lien Initial Term Loan
        00771PAJ0
        
          
        
        532315.57000000
        PA
        USD
        536973.33000000
        0.093651794992
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-17
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        TLC Purchaser, Inc. Delayed Draw Term Loan
        N/A
        
          
        
        623196.90000000
        PA
        USD
        565551.19000000
        0.098635967830
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-13
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Skillsoft Finance II, Inc.
        N/A
        Skillsoft Finance II, Inc., First Lien Initial Term Loan
        83066YAB8
        
          
        
        258941.58000000
        PA
        USD
        260559.96000000
        0.045443426319
        Long
        LON
        CORP
        US
        N
        2
        
          2028-07-14
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: CAD 09/02/2022
        N/A
        
          
        
        1.00000000
        NC
        
        -5037957.00000000
        -0.87865391032
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -6390000.00000000
            CAD
            -5046237.00000000
            USD
            2022-09-02
            8280.00000000
          
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Aptus 1724. GmbH Capex and Acquisition Facility
        N/A
        
          
        
        941323.07000000
        PA
        USD
        941323.07000000
        0.164173135328
        Long
        LON
        CORP
        US
        N
        3
        
          2028-02-23
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ladder Cap Fin Lllp/corp
        N/A
        Ladder Capital Finance Holdings LLLP
        505742AM8
        
          
        
        1125000.00000000
        PA
        USD
        1115156.25000000
        0.194490822309
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-02-01
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Grammer Purchaser, Inc., First Lien Term Loan
        N/A
        
          
        
        1017713.68000000
        PA
        USD
        1017713.68000000
        0.177496176431
        Long
        LON
        CORP
        US
        N
        3
        
          2024-09-30
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MRI Software LLC
        N/A
        MRI Software LLC, First Lien Closing Date Term Loan
        N/A
        
          
        
        2240940.04760000
        PA
        USD
        2240940.05000000
        0.390835161504
        Long
        LON
        CORP
        US
        N
        3
        
          2026-02-10
          Floating
          6.50000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Allegro Clo Ltd
        635400EBXLHIKFL2MP73
        Allegro CLO VII, Ltd.
        01750DAA9
        
          
        
        250000.00000000
        PA
        USD
        230831.00000000
        0.040258493825
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-06-13
          Floating
          5.93380000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Milltown Park Clo
        549300WOFNX2UXMKR111
        Milltown Park CLO DAC
        BCC2GH837
        
          
        
        600000.00000000
        PA
        
        668677.03000000
        0.116621814588
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2031-01-15
          Floating
          6.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arcosa Inc
        549300WFHLTCZV7D6V29
        Arcosa, Inc.
        039653AA8
        
          
        
        528000.00000000
        PA
        USD
        535260.00000000
        0.093352978606
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Thrasio LLC
        N/A
        Thrasio, LLC, Initial Term Loan
        88552XAC8
        
          
        
        1422152.23000000
        PA
        USD
        1422152.23000000
        0.248033005834
        Long
        LON
        CORP
        US
        N
        3
        
          2026-12-18
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Csc Holdings Llc
        3HG2WD2W22M120IUNG49
        CSC Holdings LLC
        126307BD8
        
          
        
        2609000.00000000
        PA
        USD
        2476671.52000000
        0.431948330573
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-12-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mar Bidco S.a r.l.
        N/A
        Logoplaste Parent SARL, First Lien Facility B Term Loan
        N/A
        
          
        
        522193.21000000
        PA
        USD
        522193.21000000
        0.091074041702
        Long
        LON
        CORP
        LU
        N
        2
        
          2028-07-07
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HNVR Holdco, Ltd.
        N/A
        HNVR Holdco, Ltd., First Lien Facility C Term Loan
        N/A
        
          
        
        1353619.09000000
        PA
        
        1430174.69000000
        0.249432177333
        Long
        LON
        CORP
        GB
        N
        2
        
          2027-09-12
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sirius Xm Radio Inc
        WP5O65E6BMU84LNO4227
        Sirius XM Radio, Inc.
        82967NBG2
        
          
        
        1374000.00000000
        PA
        USD
        1382089.43000000
        0.241045781473
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-07-01
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Constellation Automotive Ltd, TL
        N/A
        
          
        
        379158.26000000
        PA
        
        521575.69000000
        0.090966342021
        Long
        LON
        CORP
        NZ
        N
        2
        
          2029-07-16
          Fixed
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Castle Us Holding Corp
        N/A
        Castle US Holding Corp.
        14852LAA1
        
          
        
        932000.00000000
        PA
        USD
        979093.96000000
        0.170760635022
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-02-15
          Fixed
          9.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASP Chromaflo Intermediate Holdings, Inc.
        5493008HKRD0MRFY1H27
        ASP Chromaflo Intermediate Holdings, Inc., First Lien Initial Tranche B-2 Term Loan
        00215KAF3
        
          
        
        278867.45000000
        PA
        USD
        279564.62000000
        0.048757968071
        Long
        LON
        CORP
        NL
        
        N
        3
        
          2023-11-20
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tory Burch LLC
        549300GGL74W33KY2650
        Tory Burch LLC, First Lien Initial B Term Loan
        89148GAF7
        
          
        
        761197.75000000
        PA
        USD
        763576.49000000
        0.133172924813
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-16
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Strand Court Limited, Facility A Tranche 4
        N/A
        
          
        
        340216.28000000
        PA
        
        391132.47000000
        0.068216158697
        Long
        LON
        CORP
        IE
        N
        3
        
          2023-02-13
          Floating
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Upstream Newco, Inc.
        549300Q4K2W4R1EBTH48
        UPSTREAM NEWCO, INC. TL 1L, First Lien August 2021 Incremental Term Loan
        91678HAF9
        
          
        
        397216.08000000
        PA
        USD
        397776.15000000
        0.069374861602
        Long
        LON
        CORP
        US
        N
        2
        
          2026-11-20
          Floating
          4.33250000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ION Trading Finance, Ltd.
        N/A
        ION Trading Finance, Ltd., First Lien Initial Dollar (2021) Term Loan
        L5582BAV9
        
          
        
        1976505.69000000
        PA
        USD
        1982939.22000000
        0.345838064834
        Long
        LON
        CORP
        IE
        
        N
        2
        
          2028-04-01
          Floating
          4.91660000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Angi Group Llc
        N/A
        ANGI Group LLC
        001846AA2
        
          
        
        1550000.00000000
        PA
        USD
        1544187.50000000
        0.269316785585
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-08-15
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Inmar, Inc.
        549300N1ML5MXXFIDZ25
        Inmar, Inc., Initial Term Loan
        45763FAN8
        
          
          
        
        610650.49000000
        PA
        USD
        611337.47000000
        0.106621405967
        Long
        LON
        CORP
        US
        N
        2
        
          2024-05-01
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldentree Loan Management Eur Clo
        5493008F1PTBJWQNQY23
        GoldenTree Loan Management EUR CLO 3 DAC
        BCC2KHR80
        
          
        
        300000.00000000
        PA
        
        341638.25000000
        0.059584030645
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2032-01-20
          Floating
          8.32000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MED ParentCo LP
        549300660CLPRNK19Z91
        MED ParentCo LP, First Lien Initial Term Loan
        58401DAC8
        
          
        
        1355873.33000000
        PA
        USD
        1355344.54000000
        0.236381291049
        Long
        LON
        CORP
        US
        N
        2
        
          2026-08-31
          Floating
          4.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        HighTower Holdings LLC, Delayed Draw Term Loan
        43117LAH6
        
          
        
        127316.45000000
        PA
        USD
        127495.33000000
        0.022236051290
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-16
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LTI Holdings, Inc.
        5493003GUY3WBOTOAP97
        LTI Holdings, Inc., First Lien Initial Term Loan
        50217UAS6
        
          
        
        2961859.00000000
        PA
        USD
        2926686.92000000
        0.510434072098
        Long
        LON
        CORP
        US
        N
        2
        
          2025-09-06
          Floating
          3.58460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ACProducts Holdings, Inc.
        N/A
        ACProducts Holdings, Inc., First Lien Initial Term Loan
        00488YAB2
        
          
        
        248033.88000000
        PA
        USD
        247945.83000000
        0.043243436392
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-17
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        USIC Holdings, Inc.
        5493009ZYUWB7X699U62
        USIC Holdings, Inc., First Lien Initial Term Loan
        90290HAP7
        
          
        
        1544536.06000000
        PA
        USD
        1545501.40000000
        0.269545938667
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-12
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Post Holdings Inc
        JM1I5YUAURL6DC8N1468
        Post Holdings, Inc.
        737446AP9
        
          
        
        500000.00000000
        PA
        USD
        530670.00000000
        0.092552451439
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-12-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venture Cdo Ltd
        549300NGP7BCR2JAC076
        Venture XXXV CLO, Ltd.
        92331YAA0
        
          
        
        300000.00000000
        PA
        USD
        267289.80000000
        0.046617156113
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-10-22
          Floating
          6.38380000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Horizon Telcom, Inc., First Lien Delayed Draw Term Loan
        44054PAC1
        
          
        
        45096.10000000
        PA
        USD
        44645.14000000
        0.007786415572
        Long
        LON
        CORP
        US
        N
        3
        
          2023-06-15
          Floating
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Applovin Corp.
        549300LLVXMUAOL3SQ07
        AppLovin Corp., First Lien Initial Term Loan
        03835EAC8
        
          
        
        1462852.97000000
        PA
        USD
        1462735.94000000
        0.255111080435
        Long
        LON
        CORP
        US
        N
        2
        
          2025-08-15
          Floating
          3.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Brook Bidco I Limited, Facility B
        N/A
        
          
        
        1727916.67000000
        PA
        
        2304913.29000000
        0.401992528961
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-07-07
          Floating
          6.16130000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venture Cdo Ltd
        549300ERIHFJJFMGMG87
        Venture XXII CLO, Ltd.
        92331JAG0
        
          
        
        300000.00000000
        PA
        USD
        266131.80000000
        0.046415193050
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-01-15
          Floating
          5.77610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        WSP Midco LLC, DDTL
        N/A
        
          
        
        158380.39000000
        PA
        USD
        155212.78000000
        0.027070162782
        Long
        LON
        CORP
        NL
        N
        3
        
          2023-04-27
          Fixed
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        MZR Aggregator, LLC
        N/A
        
          
        
        52.37870000
        NS
        USD
        53899.25000000
        0.009400395195
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Rolls-royce Plc
        X57JK1U580XATGR67572
        Rolls-Royce PLC
        77578JAC2
        
          
        
        419000.00000000
        PA
        USD
        463518.75000000
        0.080840817458
        Long
        DBT
        CORP
        GB
        Y
        2
        
          2027-10-15
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Novaria Holdings LLC
        549300LFE5UTEWEMQJ77
        Novaria Holdings LLC, First Lien Initial Term Loan
        66989BAF8
        
          
        
        1529175.84000000
        PA
        USD
        1503684.48000000
        0.262252783867
        Long
        LON
        CORP
        US
        N
        2
        
          2027-01-27
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Playa Resorts Holding B.V.
        5493005SPBUMPZZCIZ96
        Playa Resorts Holding Tlb, First Lien Initial Term Loan
        72812NAD8
        
          
        
        76264.77000000
        PA
        USD
        74778.37000000
        0.013041855499
        Long
        LON
        CORP
        NL
        
        N
        2
        
          2024-04-29
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Plaze, Inc.
        54930069WJQSNERFIV02
        Plaze, Inc., First Lien Initial Term Loan
        72819QAM4
        
          
        
        491250.00000000
        PA
        USD
        489103.24000000
        0.085302926241
        Long
        LON
        CORP
        US
        N
        2
        
          2026-08-03
          Floating
          3.58460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Foundation Building Materials, Inc.
        549300ZVE6MONHB01I28
        Foundation Building Materials, Inc., First Lien Initial Term Loan
        35039KAB2
        
          
        
        755018.70000000
        PA
        USD
        750703.77000000
        0.130927835034
        Long
        LON
        CORP
        US
        N
        2
        
          2028-01-31
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wind River Clo Ltd
        N/A
        THL Credit Wind River 2014-3K CLO, Ltd.
        87249PAA0
        
          
        
        400000.00000000
        PA
        USD
        366126.00000000
        0.063854860526
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2030-10-15
          Floating
          6.21610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cloudera, Inc.
        N/A
        Cloudera, Inc., Second Lien Term Loan
        N/A
        
          
        
        1038558.42000000
        PA
        USD
        1038558.42000000
        0.181131640630
        Long
        LON
        CORP
        US
        N
        3
        
          2029-08-10
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Global Market Strategies
        5493007AYUHLOG0AMH17
        Carlyle Global Market Strategies CLO 2015-5, Ltd.
        14311QAN7
        
          
        
        400000.00000000
        PA
        USD
        382068.00000000
        0.066635253578
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2032-01-20
          Floating
          6.83430000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cifc Funding Ltd
        549300JZARV9CBLL1S14
        CIFC Funding 2013-III-R, Ltd.
        12552NAA4
        
          
        
        500000.00000000
        PA
        USD
        486349.50000000
        0.084822655286
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-04-24
          Floating
          6.07570000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Icg Us Clo Ltd
        635400O9MVLOIBCDSR77
        ICG US CLO 2014-2, Ltd.
        44929CAJ8
        
          
        
        250000.00000000
        PA
        USD
        225727.75000000
        0.039368452372
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-01-15
          Floating
          5.38370000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Regatta Xiii Funding Llc
        N/A
        Regatta XIII Funding, Ltd.
        75888GAA1
        
          
        
        900000.00000000
        PA
        USD
        858426.30000000
        0.149715375741
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-07-15
          Floating
          6.13370000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: EUR 09/02/2022
        N/A
        
          
        
        1.00000000
        NC
        
        -10128156.00000000
        -1.76641918019
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -8680000.00000000
            EUR
            -10392651.00000000
            USD
            2022-09-02
            264495.00000000
          
        
        
          N
          N
          N
        
      
      
        IRB Holding Corp.
        549300HVW4WNWYBXN830
        IRB Holding Corp., First Lien 2020 Replacement B Term Loan
        44988LAF4
        
          
        
        1173272.54000000
        PA
        USD
        1173272.54000000
        0.204626697915
        Long
        LON
        CORP
        US
        N
        2
        
          2025-02-05
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mavenir Systems, Inc.
        549300Q70CXM8TJLTD42
        Mavenir Systems, Inc., First Lien Initial Term Loan
        57767EAE2
        
          
        
        849422.44000000
        PA
        USD
        852607.77000000
        0.148700584599
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-18
          Floating
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Surf Holdings S.a r.l.
        N/A
        Surf Holdings SARL, First Lien Dollar Tranche Term Loan
        86875TAB3
        
          
        
        314619.39000000
        PA
        USD
        313349.90000000
        0.054650350317
        Long
        LON
        CORP
        US
        N
        2
        
          2027-03-05
          Floating
          3.61550000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Aptus 1724. GmbH Facility B
        N/A
        
          
        
        2462372.56000000
        PA
        
        2852279.12000000
        0.497456846522
        Long
        LON
        CORP
        US
        N
        3
        
          2028-02-23
          Floating
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Naviera Armas Sa
        959800Q0F0EGK197EM91
        Naviera Armas S.A.
        N/A
        
          
        
        497000.00000000
        PA
        
        449044.36000000
        0.078316385555
        Long
        DBT
        CORP
        ES
        N
        2
        
          2024-11-15
          Floating
          4.25000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Ozlm Ltd
        N/A
        OZLM VI, Ltd.
        67108PAG9
        
          
        
        250000.00000000
        PA
        USD
        235168.25000000
        0.041014939676
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-04-17
          Floating
          6.18390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venture Cdo Ltd
        549300UP09C89Q3HWD39
        Venture XXXII CLO, Ltd.
        92325RAA3
        
          
        
        300000.00000000
        PA
        USD
        273177.60000000
        0.047644028413
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-18
          Floating
          5.88390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        H-food Holdng/hearthside
        549300JY2LK0EQ95YT44
        H-Food Holdings LLC
        577088AA5
        
          
        
        1106000.00000000
        PA
        USD
        1147768.09000000
        0.200178548651
        Long
        DBT
        CORP
        US
        
        Y
        2
        
          2026-06-01
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cedar Funding Ltd
        549300PPJP6KEORGHQ85
        Cedar Funding IV CLO, Ltd.
        150322AG0
        
          
        
        650000.00000000
        PA
        USD
        646549.80000000
        0.112762675424
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2034-07-23
          Floating
          6.07600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Astorg Co-invest Opus 2
        N/A
        
          
        
        1160000.00000000
        NS
        
        1343681.22000000
        0.234347128843
        Long
        EP
        CORP
        LU
        N
        3
        
          N
          N
          N
        
      
      
        Carrols Restaurant Group
        529900HZEMNWQSAKFJ98
        Carrols Restaurant Group, Inc.
        14574XAF1
        
          
        
        975000.00000000
        PA
        USD
        919030.13000000
        0.160285095215
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-07-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Watlow Electric Manufacturing Company
        54930089QP6NQUHLU558
        Watlow Electric Manufacturing Company, First Lien Initial Term Loan
        94254PAC4
        
          
        
        670749.28000000
        PA
        USD
        673683.81000000
        0.117495031017
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-02
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        AMH Litigation Trust Initial Loan
        N/A
        
          
        
        1043.55000000
        PA
        USD
        1043.55000000
        0.000182002206
        Long
        LON
        CORP
        US
        N
        3
        
          2025-06-06
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TAMKO Building Products LLC
        5493003VQCGZ0AORLH30
        TAMKO Building Products LLC, First Lien Initial Term Loan
        87510EAB5
        
          
        
        108756.72000000
        PA
        USD
        108484.83000000
        0.018920491002
        Long
        LON
        CORP
        US
        N
        2
        
          2026-05-29
          Floating
          3.10700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cablevision Lightpath
        5493002ZVBLRLGES1R71
        Cablevision Lightpath LLC
        12687GAB5
        
          
        
        320000.00000000
        PA
        USD
        321657.60000000
        0.056099269610
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-09-15
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        H-Food Holdings LLC
        549300JY2LK0EQ95YT44
        H-Food Holdings LLC, First Lien Initial Term Loan
        40422KAB7
        
          
        
        1522679.73000000
        PA
        USD
        1520464.23000000
        0.265179286207
        Long
        LON
        CORP
        US
        N
        2
        
          2025-05-23
          Floating
          3.77210000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Helios Software Holdings, Inc.
        2138002XO5EAYFHPPT53
        Helios Software Holdings, Inc., First Lien Initial Dollar (2021) Term Loan
        42328DAF5
        
          
        
        1252594.11000000
        PA
        USD
        1252750.68000000
        0.218488225216
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-11
          Floating
          3.91660000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: AUD 10/06/2021
        N/A
        
          
        
        1.00000000
        NC
        
        -3997951.00000000
        -0.69726980191
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -5530000.00000000
            AUD
            -4100440.00000000
            USD
            2021-10-06
            102489.00000000
          
        
        
          N
          N
          N
        
      
      
        Syneos Health Inc
        549300F1ZGKDS8P6GU13
        Syneos Health, Inc.
        87166BAA0
        
          
        
        936000.00000000
        PA
        USD
        934549.20000000
        0.162991726403
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-01-15
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kkr Financial Clo Ltd
        635400KULUKCVCJXZX78
        KKR CLO 14, Ltd.
        48251AAD4
        
          
        
        400000.00000000
        PA
        USD
        389790.00000000
        0.067982022813
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-15
          Floating
          6.27610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Anchorage Credit Funding Ltd.
        549300N5JCR10GGBIT41
        Anchorage Credit Funding 13, Ltd.
        03290BAE8
        
          
        
        850000.00000000
        PA
        USD
        876350.44000000
        0.152841467468
        Long
        ABS-O
        CORP
        KY
        Y
        2
        
          N
          N
          N
        
      
      
        Appriss Health LLC
        N/A
        Appriss Health LLC, First Lien Initial Term Loan
        N/A
        
          
        
        988075.00000000
        PA
        USD
        968313.50000000
        0.168880449594
        Long
        LON
        CORP
        US
        N
        3
        
          2027-05-06
          Floating
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        GIACF Grammer Equity Holdings, LLC - Preferred Stock (10.00% PIK)
        N/A
        
          
        
        625.10000000
        NS
        USD
        65471.41000000
        0.011418658478
        Long
        EC
        CORP
        US
        Y
        3
        
          N
          N
          N
        
      
      
        Comet Bidco, Ltd.
        N/A
        Comet Bidco, Ltd., First Lien Facility B Term Loan
        46117KAJ7
        
          
        
        469565.22000000
        PA
        
        590064.62000000
        0.102911276477
        Long
        LON
        CORP
        US
        N
        2
        
          2024-09-30
          Floating
          5.36750000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        athenahealth, Inc.
        5493004JZ4RQIZBHP241
        athenahealth, Inc., First Lien B-1 Term Loan
        04685YAM1
        
          
        
        2163223.98000000
        PA
        USD
        2172147.28000000
        0.378837235288
        Long
        LON
        CORP
        US
        N
        2
        
          2026-02-11
          Floating
          4.31890000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lpl Holdings Inc
        549300Z5YF8CCRMYUL26
        LPL Holdings, Inc.
        50212YAC8
        
          
        
        1772000.00000000
        PA
        USD
        1840665.00000000
        0.321024474773
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-11-15
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Oneshield Partners LP
        N/A
        
          
        
        434783.00000000
        NS
        USD
        547826.58000000
        0.095544675490
        Long
        EP
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Stonex Group Inc
        549300JUF07L8VF02M60
        StoneX Group, Inc.
        46116VAE5
        
          
        
        1275000.00000000
        PA
        USD
        1372218.75000000
        0.239324267855
        Long
        DBT
        CORP
        US
        Y
        2
        
          2025-06-15
          Fixed
          8.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ascena Retail Group, Inc.
        549300315OFTD1VN3V49
        Ascena Retail Group, Inc., First Lien Tranche B Term Loan
        04349TAF5
        
          
          
        
        1435368.54000000
        PA
        USD
        38862.60000000
        0.006777901330
        Long
        LON
        CORP
        US
        N
        2
        
          2022-08-21
          Floating
          5.25000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Hat Holdings I Llc/hat
        N/A
        HAT Holdings I LLC
        418751AD5
        
          
        
        595000.00000000
        PA
        USD
        602009.10000000
        0.104994474897
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-09-15
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Whitcraft LLC
        N/A
        Whitcraft LLC, First Lien Initial Term Loan
        N/A
        
          
        
        3498099.48640000
        PA
        USD
        3331939.76000000
        0.581112919206
        Long
        LON
        CORP
        US
        N
        3
        
          2023-04-03
          Floating
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fortress Trans & Infrast
        529900E7PUVK6BC8PE80
        Fortress Transportation and Infrastructure Investors LLC
        34960PAD3
        
          
        
        1336000.00000000
        PA
        USD
        1346741.44000000
        0.234880851991
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-05-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pactiv Evergreen Group
        N/A
        Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc.
        69527AAA4
        
          
        
        896000.00000000
        PA
        USD
        900480.00000000
        0.157049826581
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-10-15
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Parallel Ltd
        N/A
        Parallel 2018-1, Ltd.
        69916CAA9
        
          
        
        300000.00000000
        PA
        USD
        255882.60000000
        0.044627662974
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-04-20
          Floating
          5.38420000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PetVet Care Centers LLC
        549300V0HK8MSXZNOM91
        Pearl Intermediate Parent LLC, First Lien Initial Term Loan
        70476XAC9
        
          
        
        1463403.05000000
        PA
        USD
        1450751.93000000
        0.253020987716
        Long
        LON
        CORP
        US
        N
        2
        
          2025-02-14
          Floating
          2.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Midcap Invest UK Facility B
        N/A
        
          
        
        2527000.00000000
        PA
        
        3319758.28000000
        0.578988386377
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-05-05
          Floating
          5.82600000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Osmose Utilities Services, Inc.
        549300FSLVHLFZ3S0D82
        Osmose Utilities Services, Inc., First Lien Initial Term Loan
        68835HAH3
        
          
        
        790304.31000000
        PA
        USD
        788455.00000000
        0.137511905891
        Long
        LON
        CORP
        US
        N
        2
        
          2028-06-23
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vision Solutions, Inc.
        N/A
        Vision Solutions, Inc., First Lien Initial Term Loan
        70477BAB8
        
          
        
        814479.64000000
        PA
        USD
        814349.32000000
        0.142028051131
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-24
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Whitcraft LLC
        N/A
        Whitcraft LLC, First Lien Revolving Term Loan
        N/A
        
          
        
        158574.78000000
        PA
        USD
        151042.48000000
        0.026342834144
        Long
        LON
        CORP
        US
        N
        3
        
          2023-04-03
          Floating
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Genuine Financial Holdings LLC
        5493008VX60Q72RHI784
        Genuine Financial Holdings LLC, First Lien Initial Term Loan
        37190DAF0
        
          
        
        1129887.09000000
        PA
        USD
        1121678.46000000
        0.195628340021
        Long
        LON
        CORP
        US
        N
        2
        
          2025-07-11
          Floating
          3.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        9 Story Media Group Inc. Revolver, First Lien Term Loan
        N/A
        
          
        
        895603.61740000
        PA
        
        707092.70000000
        0.123321768292
        Long
        LON
        CORP
        CA
        N
        3
        
          2026-04-30
          Floating
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tricorbraun Holdings, Inc.
        N/A
        Tricorbraun Holdings, Inc., First Lien Closing Date Initial Term Loan
        00184NAB3
        
          
        
        862924.67000000
        PA
        USD
        859261.55000000
        0.149861049013
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-03
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        SumUp Holdings Midco SARL, Original Term Facility
        N/A
        
          
        
        3299188.83000000
        PA
        
        3821601.80000000
        0.666513303962
        Long
        LON
        CORP
        US
        N
        3
        
          2026-02-17
          Floating
          10.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Strand Court Limited, Facility A Tranche 5
        N/A
        
          
        
        240147.76000000
        PA
        
        276087.86000000
        0.048151597519
        Long
        LON
        CORP
        IE
        N
        3
        
          2023-02-13
          Floating
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crosby US Acquisition Corp.
        549300V5HSWHDNVOWE35
        Crosby Group LLC, First Lien Initial Term Loan
        22739PAH9
        
          
        
        870206.66310000
        PA
        USD
        871020.30000000
        0.151911854859
        Long
        LON
        CORP
        US
        N
        2
        
          2026-06-26
          Floating
          4.83790000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Uber Technologies, Inc.
        549300B2FTG34FILDR98
        Uber Technologies, Inc., First Lien 2021 Incremental Term Loan
        90351JAG9
        
          
        
        1755312.10000000
        PA
        USD
        1758111.82000000
        0.306626639615
        Long
        LON
        CORP
        US
        N
        2
        
          2025-04-04
          Floating
          3.58460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lpl Holdings Inc
        549300Z5YF8CCRMYUL26
        LPL Holdings, Inc.
        50212YAF1
        
          
        
        312000.00000000
        PA
        USD
        326163.24000000
        0.056885083821
        Long
        DBT
        CORP
        US
        Y
        2
        
          2031-05-15
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GTT Communications B.V.
        N/A
        GTT Communications BV, First Lien Closing Date EMEA Term Loan
        36250LAQ7
        
          
          
        
        640038.15000000
        PA
        
        631567.82000000
        0.110149716379
        Long
        LON
        CORP
        NL
        N
        2
        
          2025-05-31
          Floating
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Compass Minerals Interna
        2549008X9G8XP7YJGC47
        Compass Minerals International, Inc.
        20451NAE1
        
          
        
        450000.00000000
        PA
        USD
        469638.00000000
        0.081908056209
        Long
        DBT
        CORP
        US
        Y
        2
        
          2024-07-15
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        World Insurance Associates, LLC, Delayed Draw Term Loan
        N/A
        
          
        
        733178.51000000
        PA
        USD
        725846.72000000
        0.126592596726
        Long
        LON
        CORP
        US
        N
        3
        
          2026-04-01
          Floating
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Commscope Tech Llc
        M4TWC4QDOKW45N7T6Y12
        CommScope Technologies LLC
        20338HAB9
        
          
        
        955000.00000000
        PA
        USD
        909809.40000000
        0.158676937291
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-03-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dryden Leveraged Loan Cdo
        635400HGBEWP5ST8JG23
        Dryden Euro CLO
        BCC306RZ4
        
          
        
        250000.00000000
        PA
        
        282940.17000000
        0.049346686912
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-07-20
          Floating
          8.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        CB Nike Intermediateco Ltd. Revolver Loan
        N/A
        
          
        
        310000.00000000
        PA
        USD
        310000.00000000
        0.054066105010
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-31
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bluemountain Clo Ltd
        549300EYIDIF4X8MHI21
        BlueMountain CLO 2016-3, Ltd.
        09628XAE0
        
          
        
        300000.00000000
        PA
        USD
        280455.30000000
        0.048913308711
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2030-11-15
          Floating
          6.07480000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        MZR Buyer, LLC, Revolving Loan
        N/A
        
          
        
        341954.02000000
        PA
        USD
        341954.02000000
        0.059639103078
        Long
        LON
        CORP
        US
        N
        3
        
          2026-12-21
          Floating
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ProAmpac PG Borrower LLC
        549300ZI6LTXYFEY1578
        ProAmpac PG Borrower LLC, First Lien 2020-1 Term Loan
        74274NAG8
        
          
        
        647052.01000000
        PA
        USD
        649074.05000000
        0.113202921764
        Long
        LON
        CORP
        US
        N
        2
        
          2025-11-03
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Voyage Australia Pty, Ltd.
        984500552F00VE5LE453
        Voyage Australia Pty, Ltd., First Lien Initial U.S. Term Loan
        Q9489TAB5
        
          
        
        642646.74000000
        PA
        USD
        643450.05000000
        0.112222057975
        Long
        LON
        CORP
        AU
        
        N
        2
        
          2028-07-20
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hayfin Kingsland Xi Ltd
        549300O98C0I3AZ3X247
        Hayfin Kingsland XI, Ltd.
        42086XAA4
        
          
        
        3500000.00000000
        PA
        USD
        3493633.50000000
        0.609313405420
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-07-20
          Floating
          7.03420000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        BTM Comms Jersey Limited
        N/A
        
          
        
        1509000.00000000
        PA
        USD
        1493910.00000000
        0.260548048182
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-05-12
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Auris Luxembourg III S.a r.l.
        N/A
        Auris Luxembourg III SARL, First Lien Facility B2 Term Loan
        N/A
        
          
        
        1125063.30000000
        PA
        USD
        1116979.72000000
        0.194808847859
        Long
        LON
        CORP
        LU
        N
        2
        
          2026-02-27
          Floating
          3.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WIN Waste Innovations Holdings, Inc.
        549300DJBUN7Z75R2S83
        WIN Waste Innovations Holdings, Inc., First Lien Initial Term Loan
        38723BAJ0
        
          
        
        464283.40000000
        PA
        USD
        464671.08000000
        0.081041791634
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-24
          Floating
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Flex Acquisition Company, Inc.
        549300HHED2KGPBEDW39
        Flex Acquisition Company, Inc., First Lien 2021 Specified Refinancing Term Loan
        33936HAJ1
        
          
        
        28808.88000000
        PA
        USD
        28786.84000000
        0.005020620368
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-02
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Barings Euro Clo 2018-3 Bv
        635400CANTVBJVDMUG70
        Barings Euro CLO 2018-3 DAC
        N/A
        
          
        
        400000.00000000
        PA
        
        449589.67000000
        0.078411491322
        Long
        ABS-CBDO
        CORP
        IE
        
        Y
        2
        
          2031-07-27
          Floating
          7.93000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cheplapharm Arzneimittel
        529900ONXKBELT7EW052
        Cheplapharm Arzneimittel GmbH
        16412EAA5
        
          
        
        1180000.00000000
        PA
        USD
        1224037.60000000
        0.213480469092
        Long
        DBT
        CORP
        DE
        Y
        2
        
          2028-01-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        MRH Trowe Beteiligungsgesellschaft mbH TLA
        N/A
        
          
        
        1885000.00000000
        PA
        
        2161647.17000000
        0.377005944805
        Long
        LON
        CORP
        GE
        N
        3
        
          2028-07-26
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Beacon Roofing Supply In
        549300HDXQWWCBOYXP31
        Beacon Roofing Supply, Inc.
        073685AF6
        
          
        
        87000.00000000
        PA
        USD
        90588.75000000
        0.015799293129
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-11-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Money Management Corporation
        5493004OOK6VXHQ8DQ60
        AMMC CLO XI, Ltd.
        001747AJ3
        
          
        
        400000.00000000
        PA
        USD
        380960.40000000
        0.066442080617
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-04-30
          Floating
          5.92850000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Magnolia Oil Gas/mag Fin
        984500CG376B0B99F016
        Magnolia Oil & Gas Operating LLC
        559665AA2
        
          
        
        221000.00000000
        PA
        USD
        227287.45000000
        0.039640474643
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-08-01
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Northwest Fiber LLC
        254900LE3FBC16P2QY79
        Northwest Fiber LLC
        667449AC6
        
          
        
        124000.00000000
        PA
        USD
        123515.16000000
        0.021541882616
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-02-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Connect Finco Sarl/conne
        549300TTHIODYMGND828
        Connect Finco SARL
        20752TAA2
        
          
        
        937000.00000000
        PA
        USD
        981563.72000000
        0.171191377936
        Long
        DBT
        CORP
        GB
        Y
        2
        
          2026-10-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United Group Bv
        213800PC85O8BJ7DU398
        United Group BV
        ZP5881989
        
          
        
        707000.00000000
        PA
        
        792252.75000000
        0.138174259279
        Long
        DBT
        CORP
        NL
        Y
        2
        
          2028-02-15
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sigma Holdco B.V.
        N/A
        Sigma Holdco B.V., First Lien Facility B2 Term Loan
        N8003HAC1
        
          
        
        979643.96000000
        PA
        USD
        964645.61000000
        0.168240744672
        Long
        LON
        CORP
        NL
        N
        2
        
          2025-07-02
          Floating
          3.15950000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Refine Intermediate, Inc., Facility B Term Loan
        N/A
        
          
        
        1915751.02000000
        PA
        USD
        1915751.02000000
        0.334119986522
        Long
        LON
        CORP
        US
        N
        3
        
          2027-03-03
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drive Chassis Holdco LLC
        N/A
        Drive Chassis Holdco LLC, Second Lien 2021 Refinancing B Term Loan
        26208TAB7
        
          
        
        1652745.22000000
        PA
        USD
        1679610.59000000
        0.292935492052
        Long
        LON
        CORP
        US
        N
        2
        
          2026-04-10
          Floating
          7.11900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Infinite Bidco LLC
        N/A
        Infinite Bidco LLC, Second Lien Initial Term Loan
        45674KAF2
        
          
        
        862268.52000000
        PA
        USD
        870891.21000000
        0.151889340686
        Long
        LON
        CORP
        US
        N
        2
        
          2029-03-02
          Floating
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Foundational Education Group, Inc.
        N/A
        Foundational Education Group, Inc., Second Lien Initial Term Loan
        35051BAB5
        
          
        
        1333333.33000000
        PA
        USD
        1335000.00000000
        0.232833065127
        Long
        LON
        CORP
        US
        N
        2
        
          2029-08-31
          Floating
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National Mentor Holdings, Inc.
        5493004QULJVJP3CNZ62
        National Mentor Holdings, Inc., First Lien Initial Term Loan
        63689EAR6
        
          
        
        1837790.67000000
        PA
        USD
        1840087.91000000
        0.320923826358
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-02
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Pack-A-Punch Bidco Limited Acquisition Facility
        N/A
        
          
        
        580000.00000000
        PA
        
        761954.81000000
        0.132890092809
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-07-15
          Floating
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Peraton Corp.
        549300EQPCK07ZW63836
        Peraton Corp., First Lien B Term Loan
        71360HAB3
        
          
        
        1697200.64000000
        PA
        USD
        1701180.58000000
        0.296697444776
        Long
        LON
        CORP
        US
        N
        2
        
          2028-02-01
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ACM dcBLOX LLC
        N/A
        ACM dcBLOX LLC Warrant
        N/A
        
          
        
        28120.00000000
        NC
        USD
        0.00000000
        0.000000
        N/A
        DE
        CORP
        US
        N
        3
        
          
            
              Corporate Action
              N/A
            
            Call
            Purchased
            
              
                ACM dcBLOX LLC
                ACM dcBLOX LLC
                
                  
                
              
            
            1.00000000
            0.01000000
            USD
            2049-12-31
            XXXX
            -281.20000000
          
        
        
          N
          N
          N
        
      
      
        WWEX UNI TopCo Holdings LLC
        N/A
        WWEX UNI TopCo Holdings LLC, First Lien Initial Term Loan
        00435UAB4
        
          
        
        786649.00000000
        PA
        USD
        790145.65000000
        0.137806766731
        Long
        LON
        CORP
        US
        N
        2
        
          2028-07-26
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National Cinemedia Llc
        7LJEQIVQVLNGS4X6T547
        National CineMedia LLC
        63530QAH2
        
          
        
        3117000.00000000
        PA
        USD
        2499054.75000000
        0.435852117875
        Long
        DBT
        CORP
        US
        N
        2
        
          2026-08-15
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Peraton Corp.
        549300EQPCK07ZW63836
        Peraton Corp., Second Lien B-1 Term Loan
        71360HAG2
        
          
        
        541096.72000000
        PA
        USD
        553271.40000000
        0.096494289070
        Long
        LON
        CORP
        US
        N
        2
        
          2029-02-01
          Floating
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Northwest Fiber LLC
        254900LE3FBC16P2QY79
        Northwest Fiber LLC, First Lien B-2 Term Loan
        66743UAE6
        
          
        
        945255.82000000
        PA
        USD
        945492.13000000
        0.164900247701
        Long
        LON
        CORP
        US
        N
        2
        
          2027-04-30
          Floating
          3.83260000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Aimbridge Acquisition Co., Inc.
        549300SPGKLVE9WYCQ20
        Aimbridge Acquisition Co., Inc., First Lien Initial (2019) Term Loan
        00900YAD8
        
          
        
        1183417.99000000
        PA
        USD
        1165169.68000000
        0.203213504110
        Long
        LON
        CORP
        US
        N
        2
        
          2026-02-02
          Floating
          3.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Saranac Clo Ltd
        5493002KTJG5M0SYTB50
        Saranac Clo VIII, Ltd.
        80316RAA9
        
          
        
        100000.00000000
        PA
        USD
        98688.40000000
        0.017211927089
        Long
        ABS-CBDO
        CORP
        JE
        
        Y
        2
        
          2033-02-20
          Floating
          8.25090000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Madison Park Euro Funding
        635400XNTY8TA9I2S271
        Madison Park Euro Funding XVII DAC
        BCC31J3N8
        
          
        
        550000.00000000
        PA
        
        617937.39000000
        0.107772476831
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-07-27
          Floating
          8.62000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dartry Park Clo
        549300EK539GMKPB1K76
        Dartry Park CLO DAC
        BCC2QW874
        
          
        
        2250000.00000000
        PA
        
        2581986.42000000
        0.450315964258
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-01-28
          Floating
          7.67000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UPC Financing Partnership
        213800DXWIS9KORQ3X94
        UPC Financing Partnership, First Lien Facility AX Term Loan
        N9000DAH0
        
          
        
        1113585.75000000
        PA
        USD
        1111731.63000000
        0.193893545327
        Long
        LON
        CORP
        US
        N
        2
        
          2029-01-31
          Floating
          3.08370000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Zeppelin Bidco Pty Limited
        N/A
        
          
        
        1804348.00000000
        PA
        
        1304454.82000000
        0.227505778322
        Long
        LON
        CORP
        AU
        N
        3
        
          2024-06-28
          Floating
          6.11500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Technicolor USA, Inc., US New Money Loan
        N/A
        
          
        
        249887.06000000
        PA
        USD
        265713.66000000
        0.046342266594
        Long
        LON
        CORP
        FR
        N
        2
        
          2024-06-30
          Floating
          12.15310000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Stonegate Pub Company Bidco Holdings, Ltd.
        N/A
        Stonegate Pub Company Bidco Holdings, Ltd., Second Lien Facility Term Loan
        N/A
        
          
        
        871287.13000000
        PA
        
        1176907.38000000
        0.205260638693
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-03-06
          Floating
          8.60490000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: EUR 10/06/2021
        N/A
        
          
        
        1.00000000
        NC
        
        -2884405.00000000
        -0.50305981814
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -2490000.00000000
            EUR
            -2961855.00000000
            USD
            2021-10-06
            77450.00000000
          
        
        
          N
          N
          N
        
      
      
        Playpower, Inc.
        549300SUBBD4NQQD2G45
        Playpower, Inc., First Lien Initial Term Loan
        72813NAU9
        
          
        
        2266885.82000000
        PA
        USD
        2240442.60000000
        0.390748402846
        Long
        LON
        CORP
        US
        N
        2
        
          2026-05-08
          Floating
          5.64730000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venator Finance S.A.R.L.
        2221000BJZTBBAJL7429
        Venator Finance SARL, First Lien Initial Term Loan
        92260UAB1
        
          
        
        1175283.30000000
        PA
        USD
        1161820.43000000
        0.202629372168
        Long
        LON
        CORP
        LU
        
        N
        2
        
          2024-08-08
          Floating
          3.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Bruin Blocker LLC
        N/A
        
          
        
        27864.00000000
        NS
        USD
        0.00000000
        0.000000
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Wheel Pros Inc
        N/A
        Wheel Pros, Inc.
        96289WAA7
        
          
        
        380000.00000000
        PA
        USD
        368126.90000000
        0.064203831073
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-05-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Midcap Financial
        N/A
        Midcap Financial Issuer Trust
        59590AAA7
        
          
        
        559000.00000000
        PA
        USD
        554396.64000000
        0.096690538567
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-01-15
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Olympus Wtr Us Hldg Corp
        549300YU2GGVCBN3MY89
        Olympus Water US Holding Corp.
        681639AB6
        
          
        
        1119000.00000000
        PA
        USD
        1110271.69000000
        0.193638921877
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-10-01
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        World Insurance Associates, LLC, Term Loan
        N/A
        
          
        
        276499.30000000
        PA
        USD
        270969.31000000
        0.047258887642
        Long
        LON
        CORP
        US
        N
        3
        
          2026-04-01
          Floating
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Parexel International Corp.
        N/A
        Parexel International Corp., First Lien Term Loan
        N/A
        
          
        
        1450815.94000000
        PA
        USD
        1452861.59000000
        0.253388926745
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-11
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Sunmed Group Holdings, LLC, Term Loan
        N/A
        
          
        
        2081363.53000000
        PA
        USD
        2044939.67000000
        0.356651364319
        Long
        LON
        CORP
        US
        N
        3
        
          2028-06-16
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Tech 6, First Lien Tranche 1
        N/A
        
          
        
        299698.34010000
        PA
        
        370009.24000000
        0.064532123951
        Long
        LON
        CORP
        FR
        N
        2
        
          2024-06-30
          Floating
          6.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        ASP Unifrax Holdings, Inc.
        549300RRU6BWJLD0YT71
        ASP Unifrax Holdings, Inc., Second Lien Term Loan
        00216UAF0
        
          
        
        917431.19000000
        PA
        USD
        909403.67000000
        0.158606175224
        Long
        LON
        CORP
        US
        N
        2
        
          2026-12-14
          Floating
          8.61890000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verscend Holding Corp.
        N/A
        Verscend Holding Corp., First Lien B-1 Term Loan
        92531HAD9
        
          
        
        107312.10000000
        PA
        USD
        107602.38000000
        0.018766585730
        Long
        LON
        CORP
        US
        N
        2
        
          2025-08-27
          Floating
          4.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Blackbrush Oil - Common
        N/A
        
          
        
        75310.34000000
        NS
        USD
        0.00000000
        0.000000
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Oaktree Clo Ltd
        549300BJ8TRWJ20BLC43
        Oaktree CLO 2019-1, Ltd.
        67401YAA7
        
          
        
        650000.00000000
        PA
        USD
        603798.65000000
        0.105306584568
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2030-04-22
          Floating
          6.93830000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jazz Securities Dac
        6354009DV8VV7K6KOO02
        Jazz Securities DAC
        47216FAA5
        
          
        
        1475000.00000000
        PA
        USD
        1530386.25000000
        0.266909753869
        Long
        DBT
        CORP
        IE
        
        Y
        2
        
          2029-01-15
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United AirLines, Inc.
        K1OQBWM7XEOO08LDNP29
        United AirLines, Inc., First Lien Class B Term Loan
        90932RAJ3
        
          
        
        641257.05000000
        PA
        USD
        647124.55000000
        0.112862915727
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-21
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Midocean Credit Clo
        549300XXQYQPW7OQNX23
        Midocean Credit CLO IX
        59802MAJ6
        
          
        
        300000.00000000
        PA
        USD
        295180.50000000
        0.051481483581
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-20
          Floating
          3.43420000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arches Buyer, Inc.
        2549009ADY4208OH2Y47
        Arches Buyer, Inc., First Lien Refinancing Term Loan
        03952HAD6
        
          
        
        1421428.57000000
        PA
        USD
        1415991.61000000
        0.246958551873
        Long
        LON
        CORP
        US
        N
        2
        
          2027-12-06
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ocean Trails Clo
        549300RX29DPTX81VW10
        Ocean Trails CLO V
        67515RAD9
        
          
        
        150000.00000000
        PA
        USD
        138859.65000000
        0.024218065866
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-13
          Floating
          6.62860000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fiserv Investment Solutions, Inc.
        N/A
        Fiserv Investment Solutions, Inc., First Lien Initial Term Loan
        33774UAC2
        
          
        
        312405.58000000
        PA
        USD
        313235.02000000
        0.054630314465
        Long
        LON
        CORP
        US
        N
        2
        
          2027-02-18
          Floating
          4.12450000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cookie Acquisition SAS
        N/A
        Cookie Acquisition SAS, First Lien Facility B Term Loan
        N/A
        
          
        
        795412.30000000
        PA
        
        890842.43000000
        0.155368968930
        Long
        LON
        CORP
        FR
        N
        2
        
          2027-02-15
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Euro Clo
        635400PVBNAP8EJWQD44
        Carlyle Euro CLO 2017-1 DAC
        BCC30ST92
        
          
        
        450000.00000000
        PA
        
        507356.37000000
        0.088486396059
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-07-15
          Floating
          8.89000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LOGIX Holding Company LLC
        N/A
        LOGIX Holding Company LLC, First Lien Initial Term Loan
        54142EAB1
        
          
        
        333000.00000000
        PA
        USD
        316766.25000000
        0.055246184956
        Long
        LON
        CORP
        US
        N
        2
        
          2024-12-22
          Floating
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Atlas Senior Loan Fund Ltd
        N/A
        Atlas Senior Loan Fund XII, Ltd.
        04942TAA7
        
          
        
        100000.00000000
        PA
        USD
        89821.50000000
        0.015665479520
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-24
          Floating
          6.07520000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kirk Beauty Sun Gmbh
        9845005056B369360745
        Kirk Beauty SUN GmbH
        N/A
        
          
        
        965000.00000000
        PA
        
        1137361.99000000
        0.198363654150
        Long
        DBT
        CORP
        DE
        Y
        2
        
          2026-10-01
          Fixed
          8.25000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        AIT Worldwide Logistics Holdings, Inc.
        N/A
        AIT Worldwide Logistics Holdings, Inc., First Lien Initial Term Loan
        00145AAB9
        
          
        
        840669.01000000
        PA
        USD
        844872.36000000
        0.147351476569
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-06
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Allegro Clo Ltd
        254900BUVUQ42PAIMU52
        Allegro CLO X, Ltd.
        01750GAA2
        
          
        
        400000.00000000
        PA
        USD
        392882.00000000
        0.068521288609
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-04-20
          Floating
          7.06830000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Epicor Software Corp.
        JGNXVGGGXR4O1L5I7S73
        Epicor Software Corp., Second Lien Initial Term Loan
        29426NAQ7
        
          
        
        352502.77000000
        PA
        USD
        363165.98000000
        0.063338612938
        Long
        LON
        CORP
        US
        N
        2
        
          2028-07-31
          Floating
          8.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Greywolf Clo Ltd
        549300RJBZLY8V18YD77
        Greywolf CLO V, Ltd.
        39808TAE8
        
          
        
        1625000.00000000
        PA
        USD
        1592087.25000000
        0.277670827241
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-01-27
          Floating
          5.97530000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Era Cap Co., Inc.
        N/A
        New Era Cap Co., Inc., First Lien A Term Loan
        N/A
        
          
        
        1753768.97000000
        PA
        USD
        1753768.97000000
        0.305869217086
        Long
        LON
        CORP
        US
        N
        3
        
          2023-09-10
          Floating
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Northwoods Capital Ltd
        5493005SOJ8F7B634862
        Northwoods Capital XI-B, Ltd.
        66860AAA5
        
          
        
        250000.00000000
        PA
        USD
        225159.75000000
        0.039269389315
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-04-19
          Floating
          5.93390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hunter Holdco 3, Ltd.
        N/A
        Hunter Holdco 3, Ltd., First Lien Initial Dollar Term Loan
        12509YAE6
        
          
        
        1426065.30000000
        PA
        USD
        1434086.92000000
        0.250114496810
        Long
        LON
        CORP
        GB
        
        N
        3
        
          2028-08-19
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Organon & Co/org
        549300SH15FO4Y2G3V63
        Organon & Co.
        68622TAB7
        
          
        
        2022000.00000000
        PA
        USD
        2126335.20000000
        0.370847297456
        Long
        DBT
        CORP
        US
        Y
        2
        
          2031-04-30
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Scientific Games International, Inc.
        RLTHESQ0RNFQJWPBJN60
        Scientific Games International, Inc., First Lien Initial B-5 Term Loan
        80875AAP6
        
          
          
        
        2258114.66000000
        PA
        USD
        2250922.56000000
        0.392576179032
        Long
        LON
        CORP
        US
        N
        2
        
          2024-08-14
          Floating
          2.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Barracuda Networks, Inc.
        549300CXGRZWNMPU8080
        Barracuda Networks, Inc., Second Lien 2nd Lien Term Loan
        06832EAG5
        
          
        
        532669.57000000
        PA
        USD
        540494.49000000
        0.094265909206
        Long
        LON
        CORP
        US
        N
        2
        
          2028-10-30
          Floating
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Engineered Components and Systems LLC
        254900VEJCW8TYEZ4290
        Engineered Components and Systems LLC, First Lien Initial Term Loan
        29286JAB8
        
          
        
        603045.74000000
        PA
        USD
        603799.55000000
        0.105306741534
        Long
        LON
        CORP
        US
        N
        3
        
          2028-06-08
          Floating
          6.59030000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MediaOcean LLC
        549300DLTWSIMHEHII55
        MediaOcean LLC, First Lien Term Loan
        58446RAF7
        
          
        
        246689.17000000
        PA
        USD
        247202.28000000
        0.043113756223
        Long
        LON
        CORP
        US
        N
        2
        
          2025-08-18
          Floating
          4.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Enc Parent Corp
        N/A
        ENC Parent Corp., First Lien Term Loan
        26874VAD1
        
          
        
        74568.09000000
        PA
        USD
        74125.53000000
        0.012927995770
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-19
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Townsquare Media Inc
        549300XBA8C68H0DR538
        Townsquare Media, Inc.
        892231AB7
        
          
        
        929000.00000000
        PA
        USD
        975737.99000000
        0.170175331065
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-02-01
          Fixed
          6.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wolverine Escrow LLC
        529900P5VTXZS191P208
        Wolverine Escrow LLC
        97789LAC0
        
          
        
        473000.00000000
        PA
        USD
        440481.25000000
        0.076822921025
        Long
        DBT
        CORP
        US
        Y
        2
        
          2024-11-15
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MH Sub I LLC
        N/A
        MH Sub I LLC, First Lien Amendment No. 2 Initial Term Loan
        45567YAJ4
        
          
        
        1677668.82000000
        PA
        USD
        1674900.67000000
        0.292114050022
        Long
        LON
        CORP
        US
        N
        2
        
          2024-09-13
          Floating
          3.58460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cast & Crew Payroll LLC
        549300XE7OZGFGN5F466
        Cast & Crew Payroll LLC, First Lien Initial Term Loan
        14835JAN0
        
          
        
        739565.72000000
        PA
        USD
        737665.04000000
        0.128653791985
        Long
        LON
        CORP
        US
        N
        2
        
          2026-02-09
          Floating
          3.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        FineLine Parent Holdings, LP
        N/A
        
          
        
        41076.67000000
        NS
        USD
        44126.80000000
        0.007696013556
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        New Fortress Energy Inc
        N/A
        New Fortress Energy, Inc.
        644393AB6
        
          
        
        1206000.00000000
        PA
        USD
        1154745.00000000
        0.201395369131
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-09-30
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        East BCC Coinvest III, LLC
        N/A
        
          
        
        241930.00000000
        NS
        USD
        151554.18000000
        0.026432078099
        Long
        EC
        CORP
        US
        Y
        3
        
          N
          N
          N
        
      
      
        Cco Hldgs Llc/cap Corp
        N/A
        CCO Holdings LLC / CCO Holdings Capital Corp.
        1248EPBT9
        
          
        
        3000000.00000000
        PA
        USD
        3127680.00000000
        0.545488630065
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-05-01
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nfp Corp
        VO2L9FZNXDJNQNEYH039
        NFP Corp.
        65342RAE0
        
          
        
        430000.00000000
        PA
        USD
        437847.50000000
        0.076363577141
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-08-15
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bausch Health Cos Inc
        B3BS7ACMDUWISF18KY76
        Bausch Health Cos., Inc.
        071734AL1
        
          
        
        1109000.00000000
        PA
        USD
        1021450.00000000
        0.178147816010
        Long
        DBT
        CORP
        CA
        
        Y
        2
        
          2031-02-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crown Finance US, Inc.
        N/A
        Crown Finance US, Inc., First Lien Initial Dollar Tranche Term Loan
        22834KAB7
        
          
        
        4056.61390000
        PA
        USD
        3355.14000000
        0.000585159198
        Long
        LON
        CORP
        US
        N
        2
        
          2025-02-28
          Floating
          2.50000000
          Y
          N
          Y
        
        
          N
          N
          N
        
      
      
        W. R. Grace Holdings LLC
        N/A
        W. R. Grace Holdings LLC, First Lien Initial Term Loan
        N/A
        
          
        
        480094.41000000
        PA
        USD
        482420.47000000
        0.084137405775
        Long
        LON
        CORP
        US
        N
        2
        
          2028-09-22
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Stonegate Pub Fin
        254900L5266ML3505282
        Stonegate Pub Co. Financing 2019 PLC
        N/A
        
          
        
        734000.00000000
        PA
        
        1042435.87000000
        0.181807894240
        Long
        DBT
        CORP
        GB
        Y
        2
        
          2025-07-31
          Fixed
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Post Holdings Inc
        JM1I5YUAURL6DC8N1468
        Post Holdings, Inc.
        737446AM6
        
          
        
        121000.00000000
        PA
        USD
        125897.48000000
        0.021957375400
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-03-01
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Constant Contact, Inc.
        N/A
        Constant Contact, Inc., First Lien Initial Term Loan
        21031HAC5
        
          
        
        1998793.83000000
        PA
        USD
        1996295.34000000
        0.348167462855
        Long
        LON
        CORP
        US
        N
        3
        
          2028-02-10
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: EUR 10/06/2021
        N/A
        
          
        
        1.00000000
        NC
        
        -4517743.00000000
        -0.78792505629
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -3900000.00000000
            EUR
            -4635242.00000000
            USD
            2021-10-06
            117499.00000000
          
        
        
          N
          N
          N
        
      
      
        Cordatus Clo Plc
        549300FNLNVJS6HNUN71
        CVC Cordatus Loan Fund XVII DAC
        N/A
        
          
        
        600000.00000000
        PA
        
        674852.31000000
        0.117698825352
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2033-11-18
          Floating
          8.56000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apex Credit Clo Llc
        N/A
        Apex Credit CLO 2019, Ltd.
        03754BAA5
        
          
        
        400000.00000000
        PA
        USD
        371066.00000000
        0.064716430070
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-04-18
          Floating
          7.28980000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackrock European Clo Dac
        635400I5HNBLHUNUTO41
        Blackrock European Clo III Designated Activity Co.
        BCC30YM88
        
          
        
        675000.00000000
        PA
        
        777189.04000000
        0.135547045967
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2035-07-19
          Floating
          8.56000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Recorded Books, Inc.
        549300YXME0U2XYD7K47
        Recorded Books, Inc., First Lien 2021 Replacement Term Loan
        37610GAE8
        
          
        
        1891095.97000000
        PA
        USD
        1895530.59000000
        0.330593406226
        Long
        LON
        CORP
        US
        N
        2
        
          2025-08-29
          Floating
          4.08310000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deuce Finco
        9845007DA2BC863E8437
        Deuce Finco PLC
        BP8782586
        
          
        
        404000.00000000
        PA
        
        551952.06000000
        0.096264187215
        Long
        DBT
        CORP
        GB
        Y
        2
        
          2027-06-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RVR Dealership Holdings LLC
        N/A
        RVR Dealership Holdings LLC, First Lien Delayed Draw Term Loan
        75001CAC8
        
          
        
        82722.32000000
        PA
        USD
        82722.32000000
        0.014427334322
        Long
        LON
        CORP
        US
        N
        2
        
          2028-02-08
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Aimbridge Acquisition Co., Inc.
        549300SPGKLVE9WYCQ20
        Aimbridge Acquisition Co., Inc., First Lien 2021 Term Loan
        00900YAE6
        
          
        
        140545.49000000
        PA
        USD
        139930.60000000
        0.024404846818
        Long
        LON
        CORP
        US
        N
        2
        
          2026-02-02
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Getty Images, Inc.
        N/A
        Getty Images, Inc., First Lien Initial Euro Term Loan
        37427UAK6
        
          
        
        290568.46890000
        PA
        
        338009.24000000
        0.058951106659
        Long
        LON
        CORP
        US
        N
        2
        
          2026-02-19
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        ACM dcBLOX LLC, Series A Preferred
        N/A
        
          
        
        463327.52000000
        NS
        USD
        475007.50000000
        0.082844533470
        Long
        EP
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Ivanti Software, Inc.
        N/A
        Ivanti Software, Inc., First Lien Initial Term Loan
        46583DAB5
        
          
        
        967422.25000000
        PA
        USD
        971882.07000000
        0.169502832434
        Long
        LON
        CORP
        US
        N
        2
        
          2027-12-01
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AEA International Holdings S.a.r.l.
        N/A
        AEA International Holdings S.a.r.l., First Lien Initial Term Loan
        46033XAB7
        
          
        
        1079330.81000000
        PA
        USD
        1080679.97000000
        0.188477924971
        Long
        LON
        CORP
        LU
        N
        3
        
          2028-09-07
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Quidditch Acquisition Inc
        N/A
        Quidditch Acquisition, Inc.
        74841PAA0
        
          
        
        1750000.00000000
        PA
        USD
        1881201.00000000
        0.328094228427
        Long
        DBT
        CORP
        US
        Y
        3
        
          2025-03-21
          Fixed
          11.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Forming Machining Industries Holdings LLC
        N/A
        Forming Machining Industries Holdings LLC, First Lien Initial Term Loan
        34639HAC4
        
          
        
        682709.64200000
        PA
        USD
        635602.68000000
        0.110853423361
        Long
        LON
        CORP
        US
        N
        2
        
          2025-10-09
          Floating
          4.39720000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        9 Story Media Group Inc. CAD, First Lien Term Loan
        N/A
        
          
        
        1723127.57170000
        PA
        
        1360435.47000000
        0.237269183811
        Long
        LON
        CORP
        CA
        N
        3
        
          2026-04-30
          Floating
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drilling Info Holdings, Inc.
        N/A
        Drilling Info Holdings, Inc., First Lien Initial Term Loan
        N/A
        
          
        
        2007431.96650000
        PA
        USD
        1982339.07000000
        0.345733394598
        Long
        LON
        CORP
        US
        N
        3
        
          2025-07-30
          Floating
          4.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Senior Loan Etf
        549300SIHU6DQELRNG59
        Invesco Senior Loan ETF
        46138G508
        
          
        
        245287.00000000
        NS
        USD
        5423295.57000000
        0.945859573523
        Long
        EC
        RF
        US
        N
        1
        
          N
          N
          N
        
      
      
        Unifrax Escrow Iss Corp
        549300RRU6BWJLD0YT71
        Unifrax Escrow Issuer Corp.
        90473LAA0
        
          
        
        859000.00000000
        PA
        USD
        870811.25000000
        0.151875395119
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-09-30
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Ultra Petroleum Corp
        N/A
        
          
        
        18673.00000000
        NS
        USD
        809941.38000000
        0.141259276463
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        American Money Management Corporation
        549300F8C2GVHBFFH173
        AMMC CLO XVIII, Ltd.
        001743AG8
        
          
        
        700000.00000000
        PA
        USD
        653000.60000000
        0.113887738747
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-05-26
          Floating
          6.12170000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Getty Images Inc
        5493005NV20IG4VEKZ40
        Getty Images, Inc.
        374276AJ2
        
          
        
        2310000.00000000
        PA
        USD
        2463037.50000000
        0.429570464905
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-03-01
          Fixed
          9.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Naviera Armas S.A. Facility B2
        N/A
        
          
        
        63898.00000000
        PA
        
        74015.99000000
        0.012908891251
        Long
        LON
        CORP
        IE
        N
        3
        
          2021-10-29
          Floating
          10.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Ultra Resources, Inc.
        N/A
        
          
        
        52870.00000000
        NS
        USD
        2293236.25000000
        0.399955973893
        Long
        EC
        CORP
        US
        N
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        DC Blox Inc., Initial Advance
        N/A
        
          
        
        4668992.32000000
        PA
        USD
        4668992.32000000
        0.814303964734
        Long
        LON
        CORP
        US
        N
        3
        
          2026-03-22
          Floating
          9.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Lightning Finco Limited
        N/A
        
          
        
        284281.08000000
        PA
        USD
        281438.27000000
        0.049084745354
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-09-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Plaskolite PPC Intermediate II LLC
        549300XZQ2YZR3QSJR81
        Plaskolite PPC Intermediate II LLC, First Lien 2021-1 Refinancing Term Loan
        72753RAD0
        
          
        
        677037.82000000
        PA
        USD
        678943.68000000
        0.118412388062
        Long
        LON
        CORP
        US
        N
        2
        
          2025-12-15
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        PICP Project Sprint Intermediate II LLC
        N/A
        
          
        
        634280.99000000
        PA
        USD
        634280.99000000
        0.110622911650
        Long
        LON
        CORP
        US
        N
        3
        
          2021-07-29
          Floating
          23.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Grab Holdings, Inc.
        N/A
        Grab Holdings, Inc., First Lien Initial Term Loan
        G4123KAB8
        
          
        
        924402.77000000
        PA
        USD
        936725.06000000
        0.163371211162
        Long
        LON
        CORP
        SG
        
        N
        2
        
          2026-01-29
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Avaya Inc
        J6LB5QIFSP2MFEFG4U76
        Avaya, Inc.
        053499AL3
        
          
        
        909000.00000000
        PA
        USD
        956922.48000000
        0.166893778357
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-09-15
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Global Market Strategies
        N/A
        Carlyle Global Market Strategies CLO 2014-4-R, Ltd.
        14316CAL7
        
          
        
        500000.00000000
        PA
        USD
        478158.00000000
        0.083394002063
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2030-07-15
          Floating
          3.02610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Asbury Automotive Group
        549300JH4DTA7U42GL91
        Asbury Automotive Group, Inc.
        043436AU8
        
          
        
        294000.00000000
        PA
        USD
        302085.00000000
        0.052685675265
        Long
        DBT
        CORP
        US
        N
        2
        
          2028-03-01
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Blackbrush Oil - Preferred
        N/A
        
          
        
        2420689.66000000
        NS
        USD
        1125438.24000000
        0.196284071183
        Long
        EP
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        GIACF Grammer Equity Holdings, LLC - Warrants
        N/A
        GIACF Grammer Equity Holdings, LLC - Warrants
        N/A
        
          
        
        10151.00000000
        NC
        USD
        0.00000000
        0.000000
        N/A
        DE
        CORP
        US
        Y
        3
        
          
            
              Corporate Action
              N/A
            
            Call
            Purchased
            
              
                GIACF Grammer Equity Holdings, LLC
                GIACF Grammer Equity Holdings, LLC
                
                  
                
              
            
            1.00000000
            9.00000000
            USD
            2099-12-31
            XXXX
            0.00000000
          
        
        
          N
          N
          N
        
      
      
        Trident Tpi Holdings Inc
        549300TPLK304J3RNC85
        Trident TPI Holdings, Inc., First Lien Delayed Draw Tem Term Loan
        00216EAF6
        
          
        
        61321.07000000
        PA
        USD
        61499.82000000
        0.010725986213
        Long
        LON
        CORP
        US
        N
        2
        
          2028-09-17
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Acadia Healthcare Co Inc
        5493005CW985Y9D0NC11
        Acadia Healthcare Co., Inc.
        00404AAP4
        
          
        
        222000.00000000
        PA
        USD
        231444.99000000
        0.040365577850
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sensata Technologies Bv
        PUCKW5P5O3XMOZVH7T53
        Sensata Technologies BV
        81725WAK9
        
          
        
        576000.00000000
        PA
        USD
        587059.20000000
        0.102387110821
        Long
        DBT
        CORP
        NL
        
        Y
        2
        
          2029-04-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cimpress plc
        549300IW5HMWD8APDH34
        Cimpress plc, First Lien Tranche B-1 Term Loan
        N2014AAE2
        
          
        
        524481.72000000
        PA
        USD
        525630.33000000
        0.091673498769
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-17
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Atlas Senior Loan Fund Ltd
        N/A
        Atlas Senior Loan Fund XIV
        04942DAA2
        
          
        
        650000.00000000
        PA
        USD
        608773.75000000
        0.106174275791
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-07-20
          Floating
          7.12820000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Radiate Holdco LLC
        5493000GQJ5RDX9DNJ71
        Radiate HoldCo LLC, First Lien B Term Loan
        75025KAF5
        
          
        
        871127.25000000
        PA
        USD
        871379.88000000
        0.151974568052
        Long
        LON
        CORP
        US
        N
        2
        
          2026-09-25
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bluemountain Clo Ltd
        N/A
        BlueMountain CLO 2018-1, Ltd.
        09629UAA3
        
          
        
        400000.00000000
        PA
        USD
        382081.20000000
        0.066637555747
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2030-07-30
          Floating
          6.13550000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CST Buyer Co.
        N/A
        CST Buyer Company, Revolving Credit Facility Term Loan
        N/A
        
          
        
        233472.03000000
        PA
        USD
        233472.03000000
        0.040719107390
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-03
          Floating
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Clearway Energy Op Llc
        549300Z3NFMM54NWBB87
        Clearway Energy Operating LLC
        18539UAE5
        
          
        
        568000.00000000
        PA
        USD
        568710.00000000
        0.099186885744
        Long
        DBT
        CORP
        US
        Y
        2
        
          2032-01-15
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cshg Marlin Fi Multimercado Credito Privado Investimento No Exterior
        N/A
        CSHG Marlin FI Multimercado Credito Privado Investimento no Exterior
        N/A
        
          
        
        415000.00000000
        NS
        
        559171.08000000
        0.097523233323
        Long
        EP
        CORP
        BR
        N
        3
        
          N
          N
          N
        
      
      
        Esdec Solar Group B.V.
        724500UTJRTIU7878U15
        Esdec Solar Group B.V., First Lien Initial Term Loan
        N3066KAM7
        
          
        
        630997.81000000
        PA
        USD
        632575.30000000
        0.110325427732
        Long
        LON
        CORP
        NL
        
        N
        3
        
          2028-08-30
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crown Subsea Communications Holding, Inc.
        5493003AYLUE132FIO27
        Crown Subsea Communications Holding, Inc., First Lien Initial Term Loan
        22860EAE2
        
          
        
        749682.83000000
        PA
        USD
        757179.66000000
        0.132057274224
        Long
        LON
        CORP
        US
        N
        2
        
          2027-04-27
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venture Cdo Ltd
        5493005RF0X3GB54HH60
        Venture 44 CLO, Ltd.
        92332QAC2
        
          
        
        1500000.00000000
        PA
        USD
        1428879.00000000
        0.249206200199
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2034-10-20
          Floating
          6.64800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Atlas Senior Loan Fund Ltd
        N/A
        Atlas Senior Loan Fund XIII
        04942AAA8
        
          
        
        400000.00000000
        PA
        USD
        372544.00000000
        0.064974203306
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-04-22
          Floating
          7.08820000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Adagio Clo
        635400LSWYRCKPZTOJ42
        Adagio IV CLO, Ltd.
        N/A
        
          
        
        250000.00000000
        PA
        
        287531.43000000
        0.050147433833
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-04-15
          Floating
          8.52000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Endo Lux Fin Co I Sarl
        222100B15VY0VVCTG251
        Endo Luxembourg Finance Co. I SARL
        29280BAA3
        
          
        
        18000.00000000
        PA
        USD
        18024.39000000
        0.003143576008
        Long
        DBT
        CORP
        LU
        
        Y
        2
        
          2029-04-01
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cairn Clo
        549300STBYRJ6V67OE09
        Cairn CLO XIII DAC
        BCC2RETZ8
        
          
        
        700000.00000000
        PA
        
        799718.17000000
        0.139476279220
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2033-10-20
          Floating
          8.44000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MZR Buyer
        N/A
        MZR Buyer, LLC, Initial Term Loan
        N/A
        
          
        
        2653905.18000000
        PA
        USD
        2653905.18000000
        0.462859084356
        Long
        LON
        CORP
        US
        N
        3
        
          2026-12-21
          Floating
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Truck Hero, Inc.
        54930007KT5CX7XNSD31
        Truck Hero, Inc., First Lien Initial Term Loan
        89778PAG2
        
          
        
        398417.39000000
        PA
        USD
        398084.71000000
        0.069428676561
        Long
        LON
        CORP
        US
        N
        2
        
          2028-01-31
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Madison Park Euro Funding
        635400LMQ4XRX31SF746
        Madison Park Euro Funding XII DAC
        BCC2HF0Q7
        
          
        
        1200000.00000000
        PA
        
        1328758.07000000
        0.231744430150
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2031-10-15
          Floating
          6.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Look Vision Group, Inc.
        549300ELYRGQJOXAK024
        New Look Vision Group, Inc., First Lien Canadian Delayed Draw Term Loan
        N/A
        
          
        
        986000.00000000
        PA
        
        772623.56000000
        0.134750795254
        Long
        LON
        CORP
        US
        N
        3
        
          2027-05-24
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Midas Intermediate Holdco II LLC
        549300O5UULN1EULDF23
        Midas Intermediate Holdco II LLC, First Lien Closing Date Term Loan
        59562TAN2
        
          
        
        2305478.49480000
        PA
        USD
        2206976.93000000
        0.384911762754
        Long
        LON
        CORP
        US
        N
        2
        
          2025-12-22
          Floating
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        WSP Midco LLCM, Revolving Loan
        N/A
        
          
        
        38601.91000000
        PA
        USD
        37829.87000000
        0.006597786206
        Long
        LON
        CORP
        NL
        N
        3
        
          2027-04-27
          Fixed
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Calceus Acquisition, Inc.
        549300DNELMHPGI73N31
        Calceus Acquisition, Inc., First Lien Initial Term Loan
        12868TAF9
        
          
        
        610362.20000000
        PA
        USD
        534829.88000000
        0.093277962758
        Long
        LON
        CORP
        US
        N
        2
        
          2025-02-12
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Acuris Finance US, Inc.
        213800PHEXJH1L7ZN896
        Acuris Finance US, Inc., First Lien Initial Dollar Term Loan
        00510DAB0
        
          
        
        294980.11000000
        PA
        USD
        296350.29000000
        0.051685502900
        Long
        LON
        CORP
        US
        N
        2
        
          2028-02-16
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Paya Holdings III LLC
        549300FVIKBMBZNLN597
        Paya Holdings III LLC, First Lien Initial Term Loan
        70434RAB5
        
          
        
        251560.70000000
        PA
        USD
        251875.15000000
        0.043928736482
        Long
        LON
        CORP
        US
        N
        3
        
          2028-06-07
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ladder Cap Fin Lllp/corp
        N/A
        Ladder Capital Finance Holdings LLLP
        505742AP1
        
          
        
        448000.00000000
        PA
        USD
        445401.60000000
        0.077681063476
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-06-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kronos Acquisition Holdings, Inc.
        N/A
        Kronos Acquisition Holdings, Inc., First Lien Tranche B-1 Term Loan
        49387TAW6
        
          
        
        667217.26000000
        PA
        USD
        652565.17000000
        0.113811796798
        Long
        LON
        CORP
        US
        N
        2
        
          2026-12-22
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Uber Technologies Inc
        549300B2FTG34FILDR98
        Uber Technologies, Inc.
        90353TAK6
        
          
        
        932000.00000000
        PA
        USD
        940155.00000000
        0.163969415988
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-08-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PS Holdco LLC
        N/A
        PS Holdco LLC, First Lien B Term Loan
        N/A
        
          
        
        577576.44000000
        PA
        USD
        577937.43000000
        0.100796212193
        Long
        LON
        CORP
        US
        N
        3
        
          2028-09-23
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Elevation Clo Ltd
        549300BOE42FYBAXFR86
        Elevation CLO 2018-9, Ltd.
        28622YAA2
        
          
        
        550000.00000000
        PA
        USD
        521318.05000000
        0.090921407855
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-15
          Floating
          6.42610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mavis Tire Express Services Topco Corp.
        254900NVDM4GTLBL9E56
        Mavis Tire Express Services Topco Corp., First Lien Initial Term Loan
        57777YAB2
        
          
        
        1894845.76000000
        PA
        USD
        1901629.31000000
        0.331657064406
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-04
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMCP Clean Acquisition Company LLC
        5493004SV2P71274QF78
        AMCP Clean Acquisition Company LLC, First Lien Term Loan
        00165PAC9
        
          
        
        658157.21210000
        PA
        USD
        556142.84000000
        0.096995087704
        Long
        LON
        CORP
        US
        N
        2
        
          2025-07-10
          Floating
          4.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Northwoods Capital Ltd
        549300R06FSYRU75ZW78
        Northwoods Capital XII-B, Ltd.
        66858EAA1
        
          
        
        250000.00000000
        PA
        USD
        229556.25000000
        0.040036168769
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-06-15
          Floating
          5.90400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Euro Clo
        635400GXUD5SKWFXE966
        Carlyle Euro CLO 2021-2 DAC
        BCC32SSG5
        
          
        
        1100000.00000000
        PA
        
        1237229.24000000
        0.215781180684
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2035-10-15
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Gap Inc/the
        T2ZG1WRWZ4BUCMQL9224
        Gap, Inc.
        364760AQ1
        
          
        
        538000.00000000
        PA
        USD
        538672.50000000
        0.093948141778
        Long
        DBT
        CORP
        US
        Y
        2
        
          2031-10-01
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ozlm Ltd
        549300SDDOLWC85Q9Q65
        OZLM XXII, Ltd.
        67111XAA0
        
          
        
        250000.00000000
        PA
        USD
        229562.00000000
        0.040037171608
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-01-17
          Floating
          5.43390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DCert Buyer, Inc.
        549300EF826JEEUCHZ67
        DCert Buyer, Inc., First Lien Initial Term Loan
        24022KAB5
        
          
        
        684229.11000000
        PA
        USD
        685180.19000000
        0.119500077754
        Long
        LON
        CORP
        US
        N
        2
        
          2026-10-16
          Floating
          4.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Comet Bidco, Ltd.
        N/A
        Comet Bidco, Ltd., First Lien Facility B2 Term Loan
        G2300HAB4
        
          
        
        2239472.62530000
        PA
        USD
        2126256.09000000
        0.370833500134
        Long
        LON
        CORP
        GB
        
        N
        2
        
          2024-09-30
          Floating
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intelligent Packaging
        549300D73EZIFX49H897
        Intelligent Packaging, Ltd. Finco, Inc.
        45827MAA5
        
          
        
        1033000.00000000
        PA
        USD
        1084133.50000000
        0.189080244054
        Long
        DBT
        CORP
        CA
        Y
        2
        
          2028-09-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cordatus Clo Plc
        6354005PH9S8HT3WW464
        CVC Cordatus Loan Fund VIII DAC
        BCC306WS4
        
          
        
        700000.00000000
        PA
        
        797420.25000000
        0.139075506368
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-07-15
          Floating
          8.37000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        TLC Purchaser, Inc. Revolver Loan
        N/A
        
          
        
        778762.50000000
        PA
        USD
        706726.97000000
        0.123257982496
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-13
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MRI Software LLC
        N/A
        MRI Software LLC, First Lien Revolving Term Loan
        N/A
        
          
        
        155944.01000000
        PA
        USD
        155944.01000000
        0.027197694259
        Long
        LON
        CORP
        US
        N
        3
        
          2026-02-10
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CCC Intelligent Solutions, Inc.
        5493006JEEL9RIWY5T17
        CCC Intelligent Solutions, Inc., First Lien Initial Term Loan
        12511BAC6
        
          
        
        507088.91000000
        PA
        USD
        507248.64000000
        0.088467607215
        Long
        LON
        CORP
        US
        N
        2
        
          2028-09-21
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WP CPP Holdings LLC
        549300HT8KGOLU7VM426
        WP CPP Holdings LLC, Second Lien Initial Term Loan
        92937JAP8
        
          
        
        1267181.55000000
        PA
        USD
        1252532.93000000
        0.218450248138
        Long
        LON
        CORP
        US
        N
        2
        
          2026-04-30
          Floating
          8.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASP Chromaflo Intermediate Holdings, Inc.
        549300NWZNE7GRQDIF14
        ASP Chromaflo Intermediate Holdings, Inc., First Lien Initial Tranche B-1 Term Loan
        00215KAE6
        
          
        
        214314.46000000
        PA
        USD
        214850.25000000
        0.037471342510
        Long
        LON
        CORP
        US
        N
        3
        
          2023-11-20
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CST Buyer Company
        N/A
        CST Buyer Company, First Lien Tranche B Term Loan
        N/A
        
          
        
        4634444.27210000
        PA
        USD
        4634444.27000000
        0.808278550221
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-03
          Floating
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wind River Clo Ltd
        N/A
        THL Credit Wind River 2013-2 CLO, Ltd.
        88432ABC3
        
          
        
        250000.00000000
        PA
        USD
        242595.00000000
        0.042310215306
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2030-10-18
          Floating
          3.08390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ipd 3 Bv
        724500RBP2J59JMQB629
        IPD 3 BV
        BM5818554
        
          
        
        494000.00000000
        PA
        
        599620.90000000
        0.104577956600
        Long
        DBT
        CORP
        NL
        
        Y
        2
        
          2025-12-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Epicor Software Corp.
        JGNXVGGGXR4O1L5I7S73
        Epicor Software Corp., First Lien C Term Loan
        29426NAN4
        
          
        
        1038617.36000000
        PA
        USD
        1039681.94000000
        0.181327590148
        Long
        LON
        CORP
        US
        N
        2
        
          2027-07-30
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sovos Compliance LLC
        N/A
        Sovos Compliance LLC, First Lien Initial Term Loan
        84611YAB6
        
          
        
        480898.44000000
        PA
        USD
        484305.61000000
        0.084466186992
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-11
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Chamber Bidco Limited, Facility B Term Loan
        N/A
        
          
        
        4870000.00000000
        PA
        USD
        4821300.00000000
        0.840867458350
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-06-02
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Babson Euro Clo B.v.
        549300WLKHU1JJG5SG04
        Barings Euro CLO 2021-2 DAC
        BCC31TSN9
        
          
        
        700000.00000000
        PA
        
        792405.19000000
        0.138200845850
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-10-15
          Floating
          8.99000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MB Aerospace Holdings II Corp.
        N/A
        MB Aerospace Holdings II Corp., First Lien Initial Term Loan
        55281RAC8
        
          
        
        2615663.94000000
        PA
        USD
        2442376.20000000
        0.425966993887
        Long
        LON
        CORP
        US
        N
        2
        
          2025-01-22
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Madison Park Euro Funding
        635400X2NOVLPNW79680
        Madison Park Euro Funding XVI DAC
        N/A
        
          
        
        1300000.00000000
        PA
        
        1476999.07000000
        0.257598667159
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-05-25
          Floating
          8.39000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Energizer Holdings Inc
        5493000D6NN0V57UME20
        Energizer Holdings, Inc.
        29272WAC3
        
          
        
        356000.00000000
        PA
        USD
        362600.24000000
        0.063239944041
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-06-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bausch Health Cos Inc
        B3BS7ACMDUWISF18KY76
        Bausch Health Cos., Inc.
        071734AK3
        
          
        
        486000.00000000
        PA
        USD
        481596.84000000
        0.083993759110
        Long
        DBT
        CORP
        CA
        
        Y
        2
        
          2029-02-15
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jubilee Cdo Bv
        724500OYSX1OTWS3Z332
        Jubilee CLO 2013-X BV
        BCC302BG2
        
          
        
        600000.00000000
        PA
        
        681034.40000000
        0.118777023827
        Long
        ABS-CBDO
        CORP
        NL
        Y
        2
        
          2034-05-20
          Floating
          8.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kkr Financial Clo Ltd
        549300K434Q30JZAS486
        KKR CLO 15, Ltd.
        48251LAE8
        
          
        
        250000.00000000
        PA
        USD
        243062.75000000
        0.042391794082
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-01-18
          Floating
          6.57390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MRI Software LLC
        N/A
        MRI Software LLC, Delayed Draw Term Loan
        N/A
        
          
        
        38983.75000000
        PA
        USD
        38983.75000000
        0.006799030713
        Long
        LON
        CORP
        US
        N
        3
        
          2026-02-10
          Floating
          6.50000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        ASK Chemicals International Holding GmbH
        N/A
        ASK Chemicals International Holding GmbH, First Lien Facility B Term Loan
        N/A
        
          
        
        1000000.00000000
        PA
        
        1106944.28000000
        0.193058598979
        Long
        LON
        CORP
        DE
        N
        2
        
          2023-05-12
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Spanish Broadcasting Sys
        5493005DKYB1X4C9LH64
        Spanish Broadcasting System, Inc.
        846425AQ9
        
          
        
        1183000.00000000
        PA
        USD
        1237536.30000000
        0.215834734033
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-03-01
          Fixed
          9.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Walker Edison Furniture Company LLC, Initial TL
        N/A
        
          
        
        1130050.00000000
        PA
        USD
        1118749.50000000
        0.195117509509
        Long
        LON
        CORP
        US
        N
        3
        
          2027-08-05
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        International Entertainment Investments, Ltd., First Lien C1 Term Loan
        N/A
        
          
        
        620998.04000000
        PA
        
        836732.88000000
        0.145931895987
        Long
        LON
        CORP
        GB
        N
        3
        
          2023-05-31
          Floating
          7.35180000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RealPage, Inc.
        5493001RSFZX4122A604
        RealPage, Inc., First Lien Initial Term Loan
        75605VAD4
        
          
        
        1325255.45000000
        PA
        USD
        1322631.44000000
        0.230675904276
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-24
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venture Cdo Ltd
        549300AZL7IWJJ04HD37
        Venture XXXVI CLO, Ltd.
        92332MAA5
        
          
        
        300000.00000000
        PA
        USD
        282413.40000000
        0.049254814647
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-04-20
          Floating
          7.10830000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cornerstone OnDemand, Inc.
        549300Z402F16H5EGH48
        Cornerstone OnDemand, Inc., First Lien 2021 Refinancing Term Loan
        21926BAD4
        
          
        
        298251.38000000
        PA
        USD
        298196.20000000
        0.052007442138
        Long
        LON
        CORP
        US
        N
        2
        
          2027-04-22
          Floating
          3.33790000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tcw Clo 2017-1, Ltd
        N/A
        TCW CLO 2017-1A, Ltd.
        87240HAG4
        
          
        
        500000.00000000
        PA
        USD
        475000.00000000
        0.082843225419
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2034-10-29
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Enterprise Stone & L
        549300O5DQ5Y61B8VF38
        New Enterprise Stone & Lime Co., Inc.
        644274AH5
        
          
        
        598000.00000000
        PA
        USD
        606222.50000000
        0.105729320467
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-07-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bluemountain Clo Ltd
        N/A
        BlueMountain CLO 2018-3, Ltd.
        09629YAA5
        
          
        
        2400000.00000000
        PA
        USD
        2308464.00000000
        0.402611796895
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2030-10-25
          Floating
          6.07520000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASP Unifrax Holdings, Inc.
        549300RRU6BWJLD0YT71
        ASP Unifrax Holdings, Inc., First Lien USD Term Loan
        00216UAC7
        
          
        
        1471054.80980000
        PA
        USD
        1456042.70000000
        0.253943733930
        Long
        LON
        CORP
        US
        N
        2
        
          2025-12-12
          Floating
          3.89720000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        William Morris Endeavor Entertainment LLC
        5493008R7J9HEQ30DZ33
        William Morris Endeavor Entertainment LLC, First Lien B-1 Term Loan
        96925HAF9
        
          
        
        1931089.21340000
        PA
        USD
        1897468.95000000
        0.330931469372
        Long
        LON
        CORP
        US
        N
        2
        
          2025-05-18
          Floating
          2.84000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Stonegate Pub Fin
        254900L5266ML3505282
        Stonegate Pub Co. Financing 2019 PLC
        BK6609873
        
          
        
        664000.00000000
        PA
        
        928671.33000000
        0.161966585962
        Long
        DBT
        CORP
        GB
        N
        2
        
          2025-07-13
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Gap Inc/the
        T2ZG1WRWZ4BUCMQL9224
        Gap, Inc.
        364760AP3
        
          
        
        538000.00000000
        PA
        USD
        540017.50000000
        0.094182718911
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-10-01
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WP CPP Holdings LLC
        549300ZA0D9WN5ECE978
        WP CPP Holdings LLC, First Lien Initial Term Loan
        92937JAM5
        
          
        
        2591871.52470000
        PA
        USD
        2529498.14000000
        0.441161651812
        Long
        LON
        CORP
        US
        N
        2
        
          2025-04-30
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Horizon Telcom, Inc., First Lien Term Loan
        44054PAD9
        
          
        
        663889.65000000
        PA
        USD
        657250.75000000
        0.114628993767
        Long
        LON
        CORP
        US
        N
        3
        
          2023-06-15
          Floating
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Babson Euro Clo B.v.
        549300F9CI4XIEGW6065
        Barings Euro CLO 2019-2 DAC
        BCC2M8D42
        
          
        
        400000.00000000
        PA
        
        448695.01000000
        0.078255456543
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2032-07-24
          Floating
          8.78000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: GBP 10/06/2021
        N/A
        
          
        
        1.00000000
        NC
        
        -5834243.00000000
        -1.01753159579
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -4330000.00000000
            GBP
            -5999470.00000000
            USD
            2021-10-06
            165227.00000000
          
        
        
          N
          N
          N
        
      
      
        United Group Bv
        213800PC85O8BJ7DU398
        United Group BV
        N/A
        
          
        
        309000.00000000
        PA
        
        351699.48000000
        0.061338777477
        Long
        DBT
        CORP
        NL
        Y
        2
        
          2026-02-15
          Floating
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Global Market Strategies
        549300R4G5ROMXQ5CG20
        Carlyle Global Market Strategies CLO 2012-4, Ltd.
        14310AAE3
        
          
        
        1300000.00000000
        PA
        USD
        1276314.00000000
        0.222597828228
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-04-22
          Floating
          7.47380000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Oaktree Clo Ltd
        N/A
        Oaktree CLO 2019-2, Ltd.
        67401VAA3
        
          
        
        800000.00000000
        PA
        USD
        771680.80000000
        0.134586371508
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-04-15
          Floating
          6.95370000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Red Planet Borrower LLC
        549300TP5NEG85CHPU59
        Red Planet Borrower LLC, First Lien Initial Term Loan
        53227VAB3
        
          
        
        525605.28000000
        PA
        USD
        525384.53000000
        0.091630629580
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-17
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apex Credit Clo Llc
        254900YNP6L0KTS2VO90
        Apex Credit Clo 2018-I, Ltd.
        03754MAA1
        
          
        
        300000.00000000
        PA
        USD
        264166.50000000
        0.046072431384
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-04-25
          Floating
          5.77520000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Shackleton Clo Ltd
        549300NCJRO2LKFZ8G86
        Shackleton 2015-VII-R CLO, Ltd.
        81883BAA5
        
          
        
        250000.00000000
        PA
        USD
        229533.00000000
        0.040032113811
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-07-15
          Floating
          6.38380000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Appriss Health LLC
        N/A
        Appriss Health LLC, First Lien Revolving Credit Term Loan
        N/A
        
          
        
        65875.00000000
        PA
        USD
        64557.50000000
        0.011259266368
        Long
        LON
        CORP
        US
        N
        3
        
          2027-05-06
          Floating
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Spdr Bloomberg Barclays High Yield Bond Etf
        549300NCLW2248PN7J24
        SPDR Bloomberg Barclays High Yield Bond ETF
        78468R622
        
          
        
        24762.00000000
        NS
        USD
        2707972.32000000
        0.472288760708
        Long
        EC
        RF
        US
        N
        1
        
          N
          N
          N
        
      
      
        Trident TPI Holdings, Inc.
        549300TPLK304J3RNC85
        Tekni-Plex, Inc., First Lien Tranche B-3 Initial Term Loan
        00216EAE9
        
          
        
        432313.56000000
        PA
        USD
        433573.75000000
        0.075618206120
        Long
        LON
        CORP
        US
        N
        2
        
          2028-09-15
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crown Finance US, Inc.
        N/A
        Crown Finance US, Inc., First Lien Partially Priming Incremental Term Loan
        N/A
        
          
        
        74173.21000000
        PA
        USD
        79828.92000000
        0.013922705714
        Long
        LON
        CORP
        US
        N
        2
        
          2024-05-23
          Floating
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Symphony Clo Ltd
        549300JNP1PJXORD0Y06
        Symphony CLO XV, Ltd.
        87165KAE3
        
          
        
        1000000.00000000
        PA
        USD
        950993.00000000
        0.165859636782
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-01-17
          Floating
          6.51980000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        TLC Holdco LP
        N/A
        
          
        
        103960.68000000
        NS
        USD
        77153.58000000
        0.013456108252
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Oaktree Clo Ltd
        N/A
        Oaktree CLO 2018-1, Ltd.
        67400HAA5
        
          
        
        300000.00000000
        PA
        USD
        282341.40000000
        0.049242257359
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2030-10-20
          Floating
          6.28420000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Plaze, Inc.
        54930069WJQSNERFIV02
        Plaze, Inc., First Lien 2021-1 Term Loan
        72819QAN2
        
          
        
        620312.50000000
        PA
        USD
        620573.03000000
        0.108232150344
        Long
        LON
        CORP
        US
        N
        2
        
          2026-08-03
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Automate Intermediate Holdings II SARL
        N/A
        
          
        
        1090250.00000000
        PA
        USD
        1090250.00000000
        0.190147003187
        Long
        LON
        CORP
        LU
        N
        3
        
          2027-07-22
          Floating
          7.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MIC Glen LLC
        N/A
        MIC Glen LLC, First Lien Initial Term Loan
        55304PAB7
        
          
        
        281615.73000000
        PA
        USD
        280524.47000000
        0.048925372429
        Long
        LON
        CORP
        US
        N
        2
        
          2028-06-10
          Floating
          4.05560000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Curium BidCo S.a r.l.
        213800P2VV9KG6N9L140
        Curium BidCo SARL, First Lien Additional Senior Facility Term Loan
        L2210TAE5
        
          
        
        696332.62000000
        PA
        USD
        698943.87000000
        0.121900557006
        Long
        LON
        CORP
        LU
        
        N
        3
        
          2027-10-27
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Asbury Automotive Group
        549300JH4DTA7U42GL91
        Asbury Automotive Group, Inc.
        043436AV6
        
          
        
        810000.00000000
        PA
        USD
        846450.00000000
        0.147626627698
        Long
        DBT
        CORP
        US
        N
        2
        
          2030-03-01
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bluemountain Clo Ltd
        549300EYIDIF4X8MHI21
        BlueMountain CLO 2016-3, Ltd.
        09628VAS3
        
          
        
        300000.00000000
        PA
        USD
        300000.00000000
        0.052322037107
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2030-11-15
          Floating
          2.32480000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lions Gate Capital Hold
        549300MWJHNLR35C0837
        Lions Gate Capital Holdings LLC
        53627NAE1
        
          
        
        984000.00000000
        PA
        USD
        1018459.68000000
        0.177626283897
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Caesars Resort Collection LLC
        549300V3UCT773B1KR38
        Caesars Resort Collection LLC, First Lien B Term Loan
        12769LAB5
        
          
        
        1841690.83000000
        PA
        USD
        1833136.18000000
        0.319711397441
        Long
        LON
        CORP
        US
        N
        2
        
          2024-12-23
          Floating
          2.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Strand Court Limited, Facility A Tranche 6
        N/A
        
          
        
        1020408.16000000
        PA
        
        1158345.88000000
        0.202023387054
        Long
        LON
        CORP
        IE
        N
        3
        
          2023-02-13
          Fixed
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ardagh Metal Packaging
        635400YUJMWFYRBL5293
        Ardagh Metal Packaging Finance USA LLC
        03969YAB4
        
          
        
        1580000.00000000
        PA
        USD
        1599750.00000000
        0.279007262874
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-09-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Steele Creek Clo Ltd
        N/A
        Steele Creek Clo 2017-1, Ltd.
        85816UAA6
        
          
        
        250000.00000000
        PA
        USD
        228333.00000000
        0.039822825662
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2030-10-15
          Floating
          6.32610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Infinite Bidco LLC
        N/A
        Infinite Bidco LLC, First Lien Initial Term Loan
        45674KAB1
        
          
        
        541640.88000000
        PA
        USD
        541979.41000000
        0.094524889337
        Long
        LON
        CORP
        US
        N
        3
        
          2028-03-02
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Frst Stu Bid/frst Trans
        N/A
        First Student Bidco, Inc. / First Transit Parent, Inc.
        337120AA7
        
          
        
        1417000.00000000
        PA
        USD
        1399287.50000000
        0.244045241662
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-07-31
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldentree Loan Management Eur Clo
        549300PNL2QQVR2J9D42
        GoldenTree Loan Management EUR CLO 4 DAC
        N/A
        
          
        
        500000.00000000
        PA
        
        570752.92000000
        0.099543184864
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-07-20
          Floating
          8.58000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Golden State Buyer, Inc.
        N/A
        Golden State Buyer, Inc., First Lien Initial Term Loan
        38120UAB4
        
          
        
        2586238.82000000
        PA
        USD
        2586238.82000000
        0.451057611694
        Long
        LON
        CORP
        US
        N
        3
        
          2026-06-21
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ahp Health Partn
        549300QMM8MQ6SM5KX05
        AHP Health Partners, Inc.
        00150LAB7
        
          
        
        1933000.00000000
        PA
        USD
        1954813.91000000
        0.340932819789
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-07-15
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CPC Acquisition Corp.
        254900UFA4AMH3PZZW32
        CPC Acquisition Corp., First Lien Initial Term Loan
        12656UAB1
        
          
        
        490727.96000000
        PA
        USD
        491137.72000000
        0.085657753368
        Long
        LON
        CORP
        US
        N
        2
        
          2027-12-29
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Aretec Escrow Issuer Inc
        N/A
        Aretec Escrow Issuer, Inc.
        040133AA8
        
          
        
        2487000.00000000
        PA
        USD
        2565377.81000000
        0.447419309896
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-01
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MRO Holdings, Inc.
        N/A
        MRO Holdings, Inc., First Lien Initial Term Loan
        P6981XAD2
        
          
        
        1006485.46450000
        PA
        USD
        1008795.35000000
        0.175940759121
        Long
        LON
        CORP
        PA
        
        N
        2
        
          2026-06-04
          Floating
          5.14730000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Altice France Sa
        5493001ZMCICV4N02J21
        Altice France SA
        02156LAH4
        
          
        
        2971000.00000000
        PA
        USD
        2944758.64000000
        0.513585902779
        Long
        DBT
        CORP
        FR
        Y
        2
        
          2029-10-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Refine Intermediate, Inc., Revolving Facility Term Loan
        N/A
        
          
        
        467256.35000000
        PA
        USD
        467256.35000000
        0.081492680277
        Long
        LON
        CORP
        US
        N
        3
        
          2026-09-03
          Floating
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pro Mach Group, Inc.
        5493008SZGSVUCSNB151
        Pro Mach Group, Inc., First Lien Closing Date Initial Term Loan
        74273JAE3
        
          
        
        1323867.52000000
        PA
        USD
        1331433.42000000
        0.232211029356
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-31
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fairbanks Morse Defense
        N/A
        Fairbanks Morse Defense, Second Lien () Term Loan
        03960DAD5
        
          
        
        2158322.07000000
        PA
        USD
        2169113.68000000
        0.378308154849
        Long
        LON
        CORP
        US
        N
        3
        
          2029-06-15
          Floating
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venture Cdo Ltd
        5493001R7OPCYBM5NH78
        Venture XXX CLO, Ltd.
        92331PAA9
        
          
        
        200000.00000000
        PA
        USD
        188318.40000000
        0.032844007709
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-01-15
          Floating
          6.42610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Presidio Holding Inc
        N/A
        Presidio Holdings, Inc.
        74101XAE0
        
          
        
        311000.00000000
        PA
        USD
        321496.25000000
        0.056071129074
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-02-01
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Conair Holdings LLC
        549300804G00T34FLV17
        Conair Holdings LLC, First Lien Initial Term Loan
        20600RAB8
        
          
        
        593752.69000000
        PA
        USD
        594928.32000000
        0.103759538783
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-17
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cinemark Usa Inc
        54930008H2137JSCPQ09
        Cinemark USA, Inc.
        172441BF3
        
          
        
        1541000.00000000
        PA
        USD
        1520104.04000000
        0.265116466625
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-07-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ncr Corp
        549300YKTY8JX1DV2R67
        NCR Corp.
        62886EBA5
        
          
        
        1282000.00000000
        PA
        USD
        1323665.00000000
        0.230856164158
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Solenis Holdings LLC
        5493006QMK0LHF0WR607
        Solenis Holdings LLC, First Lien Initial Dollar Term Loan
        83420LAK7
        
          
        
        14530.38000000
        PA
        USD
        14551.16000000
        0.002537821111
        Long
        LON
        CORP
        US
        N
        2
        
          2025-06-26
          Floating
          4.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ww International Inc
        SGT8R1MU6ESIC7UJC518
        WW International, Inc.
        98262PAA9
        
          
        
        1664000.00000000
        PA
        USD
        1631240.00000000
        0.284499332702
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Advisor Group Holdings, Inc.
        N/A
        Advisor Group Holdings, Inc., First Lien B-1 Term Loan
        00775KAE8
        
          
        
        1660043.29000000
        PA
        USD
        1664849.12000000
        0.290360991448
        Long
        LON
        CORP
        US
        N
        2
        
          2026-07-31
          Floating
          4.58460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Project Ruby Ultimate Parent Corp.
        549300UGGIEE7YT1C741
        Project Ruby Ultimate Parent Corp., First Lien Closing Date Term Loan
        74339UAS9
        
          
        
        342976.73000000
        PA
        USD
        342976.73000000
        0.059817470646
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-10
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SRS Distribution, Inc.
        549300ZQ3XP75BCYM468
        SRS Distribution, Inc.
        78471RAC0
        
          
        
        659000.00000000
        PA
        USD
        679600.34000000
        0.118526914025
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-07-01
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lithia Motors Inc
        SE8N1EZEHPZQBCBVKD53
        Lithia Motors, Inc.
        536797AG8
        
          
        
        541000.00000000
        PA
        USD
        562212.61000000
        0.098053696808
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-06-01
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Global Market Strategies Euro
        635400YTUTUJGB8CTX63
        Carlyle Euro CLO 2021-1 DAC
        BCC302F78
        
          
        
        700000.00000000
        PA
        
        794291.21000000
        0.138529780545
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-01-15
          Floating
          8.49000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Indy US Bidco LLC
        N/A
        Indy US Bidco LLC, First Lien Tranche B-1 Term Loan
        45674PAC8
        
          
        
        661161.68000000
        PA
        USD
        663525.33000000
        0.115723323126
        Long
        LON
        CORP
        NL
        
        N
        2
        
          2028-03-06
          Floating
          4.08310000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Masergy Holdings, Inc.
        549300ETD0H0RPH2C868
        Masergy Holdings, Inc., First Lien 2017 Replacement Term Loan
        57475YAD3
        
          
          
        
        659662.83660000
        PA
        USD
        659662.84000000
        0.115049678642
        Long
        LON
        CORP
        US
        N
        2
        
          2023-12-15
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Digital Media Solutions LLC
        N/A
        Digital Media Solutions LLC, First Lien Initial Term Loan
        25401HAC8
        
          
        
        855863.76000000
        PA
        USD
        854793.93000000
        0.149081865748
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-26
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Gamma Bidco Spa
        549300JS6XODWD0TZD48
        Gamma Bidco SpA
        N/A
        
          
        
        483000.00000000
        PA
        
        572029.10000000
        0.099765759322
        Long
        DBT
        CORP
        IT
        Y
        2
        
          2025-07-15
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Revint Intermediate II LLC
        N/A
        Revint Intermediate II LLC, First Lien Initial Term Loan
        76150KAB9
        
          
        
        1132195.86000000
        PA
        USD
        1139979.71000000
        0.198820202293
        Long
        LON
        CORP
        US
        N
        2
        
          2027-10-15
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IGT Holding IV AB
        549300S0NZ6VQU5JU607
        IGT Holding IV AB, First Lien Facility B2 Term Loan
        W5000CAB3
        
          
        
        966019.43000000
        PA
        USD
        969646.83000000
        0.169112991400
        Long
        LON
        CORP
        SE
        
        N
        2
        
          2028-03-23
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackbird Purchaser, Inc.
        N/A
        Blackbird Purchaser, Inc., Second Lien Incremental Term Loan
        09228HAG4
        
          
        
        1418860.20000000
        PA
        USD
        1376294.39000000
        0.240035087146
        Long
        LON
        CORP
        US
        N
        3
        
          2027-04-08
          Floating
          8.64730000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Castle US Holding Corp.
        N/A
        Castle US Holding Corp., First Lien Initial Dollar Term Loan
        14852DAC5
        
          
        
        989561.60000000
        PA
        USD
        983169.03000000
        0.171471354901
        Long
        LON
        CORP
        US
        N
        2
        
          2027-01-29
          Floating
          3.89720000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Northwoods Capital Ltd
        549300R06FSYRU75ZW78
        Northwoods Capital XII-B, Ltd.
        66858CAJ6
        
          
        
        300000.00000000
        PA
        USD
        283920.90000000
        0.049517732884
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-06-15
          Floating
          3.26600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Viad Corp
        549300PXU4ZW7LPO5Y40
        Viad Corp, First Lien Initial Term Loan
        92553BAL7
        
          
        
        714285.71000000
        PA
        USD
        714285.71000000
        0.124576278079
        Long
        LON
        CORP
        US
        N
        3
        
          2028-07-30
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Advisor Group Holdings I
        N/A
        Advisor Group Holdings, Inc.
        00791GAA5
        
          
        
        305000.00000000
        PA
        USD
        337509.95000000
        0.058864027093
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-08-01
          Fixed
          10.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        10945048 Canada, Inc., Second Lien Term Loan
        N/A
        
          
        
        1585500.00000000
        PA
        
        1251776.41000000
        0.218318305913
        Long
        LON
        CORP
        CN
        N
        3
        
          2026-09-21
          Floating
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Iron Mountain Inc
        SQL3F6CKNNBM3SQGHX24
        Iron Mountain, Inc.
        46284VAJ0
        
          
        
        754000.00000000
        PA
        USD
        801109.92000000
        0.139719009870
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-07-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hayfin Emerald Clo
        635400MG7GUIE8S6QR70
        Hayfin Emerald CLO VII DAC
        N/A
        
          
        
        300000.00000000
        PA
        
        336675.20000000
        0.058718441024
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-04-15
          Floating
          8.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Caesars Entertain Inc
        549300FA4CTCW903Y781
        Caesars Entertainment, Inc.
        12769GAA8
        
          
        
        610000.00000000
        PA
        USD
        618387.50000000
        0.107850979072
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-10-15
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pactiv Evergreen, Inc.
        5493002QNV81KCX40V06
        Pactiv Evergreen, Inc., First Lien Tranche B-3 U.S. Term Loan
        76173FAY3
        
          
        
        378186.05000000
        PA
        USD
        378186.05000000
        0.065958215138
        Long
        LON
        CORP
        US
        N
        2
        
          2028-09-24
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Red Cypress Co-Investment Partners LP, Interests
        N/A
        
          
        
        186900.00000000
        NS
        USD
        186900.00000000
        0.032596629117
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Brook Bidco I Limited, CA Facility 1
        N/A
        
          
        
        630000.00000000
        PA
        
        840373.50000000
        0.146566844836
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-07-07
          Fixed
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sally Holdings/sally Cap
        3GM3SMNQ8UJOJU9DFN26
        Sally Holdings LLC
        79546VAM8
        
          
        
        715000.00000000
        PA
        USD
        771306.25000000
        0.134521047445
        Long
        DBT
        CORP
        US
        Y
        2
        
          2025-04-30
          Fixed
          8.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vungle, Inc.
        254900IADTL7913IZI83
        Vungle, Inc., First Lien Initial Term Loan
        92941TAB1
        
          
        
        755093.21000000
        PA
        USD
        756037.08000000
        0.131858000514
        Long
        LON
        CORP
        US
        N
        2
        
          2026-09-30
          Floating
          5.58460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Unifrax Escrow Iss Corp
        549300RRU6BWJLD0YT71
        Unifrax Escrow Issuer Corp.
        90473LAC6
        
          
        
        318000.00000000
        PA
        USD
        326274.36000000
        0.056904463903
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-09-30
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dynasty Acquisition Co., Inc.
        N/A
        Dynasty Acquisition Co., Inc., First Lien 2020 B-2 Term Loan
        26812CAF3
        
          
        
        515335.34560000
        PA
        USD
        505149.74000000
        0.088101544803
        Long
        LON
        CORP
        CA
        N
        2
        
          2026-04-06
          Floating
          3.64720000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tricorbraun Holdings, Inc.
        N/A
        Tricorbraun Holdings, Inc., First Lien Delayed Draw Term Loan
        N/A
        
          
        
        194583.85000000
        PA
        USD
        193757.84000000
        0.033792682981
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-03
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Turbocombustor Technology, Inc.
        N/A
        Turbocombustor Technology, Inc., First Lien Term Loan
        N/A
        
          
        
        2992555.83000000
        PA
        USD
        2992555.83000000
        0.521922057275
        Long
        LON
        CORP
        US
        N
        3
        
          2027-07-15
          Floating
          11.25000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Icg Us Clo Ltd
        635400A7LQADQPBLJB50
        ICG US CLO 2016-1, Ltd.
        44931KAJ6
        
          
        
        1050000.00000000
        PA
        USD
        1039994.55000000
        0.181382111454
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2034-04-29
          Floating
          7.55990000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National Mentor Holdings, Inc.
        5493004QULJVJP3CNZ62
        National Mentor Holdings, Inc., First Lien Initial C Term Loan
        63689EAT2
        
          
        
        57154.74000000
        PA
        USD
        57226.18000000
        0.009980634378
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-02
          Floating
          0.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ensemble RCM LLC
        N/A
        Ensemble RCM LLC, First Lien Closing Date Term Loan
        29359BAB7
        
          
        
        1232224.36000000
        PA
        USD
        1235964.16000000
        0.215560542142
        Long
        LON
        CORP
        US
        N
        2
        
          2026-08-03
          Floating
          3.87850000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Toro Private Investments LP
        N/A
        
          
        
        324324.33000000
        NS
        USD
        257931.83000000
        0.044985062601
        Long
        EC
        CORP
        US
        Y
        3
        
          N
          N
          N
        
      
      
        Eyemart Express LLC
        N/A
        Eyemart Express LLC, First Lien B-1 Term Loan
        30233FAJ1
        
          
        
        1686737.69000000
        PA
        USD
        1686029.26000000
        0.294054951685
        Long
        LON
        CORP
        US
        N
        2
        
          2027-08-31
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venator Fin Sarl/venator
        N/A
        Venator Finance SARL
        9226ALAA2
        
          
        
        1269000.00000000
        PA
        USD
        1405417.50000000
        0.245114355287
        Long
        DBT
        CORP
        US
        Y
        2
        
          2025-07-01
          Fixed
          9.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Engineered Controls Intl, LLC, Term Loan
        N/A
        
          
        
        4993326.08000000
        PA
        USD
        4993326.08000000
        0.870869974821
        Long
        LON
        CORP
        US
        N
        3
        
          2024-11-05
          Floating
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Ohio Transmission Corporation, Term Loan
        N/A
        
          
        
        1961592.00000000
        PA
        USD
        1902744.24000000
        0.331851515769
        Long
        LON
        CORP
        US
        N
        3
        
          2027-04-09
          Floating
          8.64730000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hyperion Materials & Technologies, Inc.
        N/A
        Hyperion Materials & Technologies, Inc., First Lien Initial Term Loan
        44915KAG2
        
          
        
        602125.83000000
        PA
        USD
        604007.47000000
        0.105343004194
        Long
        LON
        CORP
        US
        N
        3
        
          2028-08-30
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Travelport Finance S.a r.l.
        2221005SGFWYZHL40F77
        Toro Private Holdings III, Ltd., First Lien Initial (Super Priority) Term Loan
        L9308UAU4
        
          
        
        541940.83000000
        PA
        USD
        563520.91000000
        0.098281873212
        Long
        LON
        CORP
        LU
        N
        2
        
          2025-02-28
          Floating
          9.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        World Insurance Associates, LLC, Revolving, Revolving Term Loan
        N/A
        
          
        
        81464.28000000
        PA
        USD
        79834.99000000
        0.013923764364
        Long
        LON
        CORP
        US
        N
        3
        
          2026-04-01
          Floating
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Univision Communications, Inc.
        N/A
        Univision Communications, Inc., First Lien B Term Loan
        N/A
        
          
        
        823293.17000000
        PA
        USD
        823144.98000000
        0.143562073960
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-05
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hayfin Emerald Clo
        549300E8ZEPKJLF1M088
        Hayfin Emerald CLO II DAC
        N/A
        
          
        
        1050000.00000000
        PA
        
        1193157.82000000
        0.208094825776
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-05-27
          Floating
          8.43000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Trinitas Clo Ltd
        635400UFTIJ9NEWTCB16
        Trinitas CLO IV, Ltd.
        89640WAE8
        
          
        
        350000.00000000
        PA
        USD
        321950.30000000
        0.056150318477
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-18
          Floating
          6.43390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ozlme
        635400ELHZ6IQR4JZL07
        Sculptor European Clo II DAC
        N/A
        
          
        
        700000.00000000
        PA
        
        786040.89000000
        0.137090868714
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-04-15
          Floating
          8.28000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Sovos Compliance, LLC TL-DD 1L
        84611YAC4
        
          
        
        83046.72000000
        PA
        USD
        83635.10000000
        0.014586529352
        Long
        LON
        CORP
        US
        N
        2
        
          2028-07-29
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Naviera Armas S.A. Facility B
        N/A
        
          
        
        35265.64080000
        PA
        
        40849.81000000
        0.007124484248
        Long
        LON
        CORP
        ES
        N
        3
        
          2021-10-29
          Floating
          10.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        SRS Distribution, Inc.
        549300ZQ3XP75BCYM468
        SRS Distribution, Inc., First Lien 2021 Refinancing Term Loan
        78466YAN8
        
          
        
        1165807.33000000
        PA
        USD
        1167019.77000000
        0.203536172369
        Long
        LON
        CORP
        US
        N
        2
        
          2028-06-02
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Envision Healthcare Corp.
        549300OL60X0LPKY8N60
        Envision Healthcare Corp., First Lien Initial Term Loan
        29373UAC5
        
          
        
        1335441.23000000
        PA
        USD
        1192415.47000000
        0.207965354895
        Long
        LON
        CORP
        US
        N
        2
        
          2025-10-10
          Floating
          3.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Specialty Building Produ
        549300ICFD46O3KMJC06
        Specialty Building Products Holdings LLC
        84749AAA5
        
          
        
        1449000.00000000
        PA
        USD
        1523261.25000000
        0.265667105488
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-09-30
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Kellstrom Commercial Aerospace, Inc. - Initial Term Loan
        N/A
        
          
        
        2256863.84000000
        PA
        USD
        2098883.37000000
        0.366059511896
        Long
        LON
        CORP
        US
        N
        3
        
          2025-07-01
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vistajet Malta/xo Mgmt
        5299001UK94VGT0CPQ36
        VistaJet Malta Finance PLC
        92840JAA7
        
          
        
        2390000.00000000
        PA
        USD
        2599125.00000000
        0.453305048987
        Long
        DBT
        CORP
        US
        
        Y
        2
        
          2024-06-01
          Fixed
          10.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ENC Parent Corp.
        N/A
        ENC Parent Corp., First Lien Initial Term Loan
        26874VAC3
        
          
        
        838891.05000000
        PA
        USD
        833912.23000000
        0.145439955474
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-19
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lakeshore Learning Materials
        N/A
        Lakeshore Learning Materials, First Lien Term Loan
        N/A
        
          
        
        360352.35000000
        PA
        USD
        360352.35000000
        0.062847896761
        Long
        LON
        CORP
        US
        N
        3
        
          2028-09-29
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        CB Nike Intermediateco Ltd. Closing Date Term Loan
        N/A
        
          
        
        2442800.00000000
        PA
        USD
        2442800.00000000
        0.426040907485
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-31
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Option Care Health, Inc.
        549300DI3Q5ACSYJRI17
        Option Care Health, Inc., First Lien B Term Loan
        09071FAK7
        
          
        
        956137.11000000
        PA
        USD
        956973.73000000
        0.166902716705
        Long
        LON
        CORP
        US
        N
        2
        
          2026-08-06
          Floating
          3.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        WSP Midco LLC Initial Term Loan
        N/A
        
          
        
        1078125.00000000
        PA
        USD
        1056562.50000000
        0.184271674437
        Long
        LON
        CORP
        NL
        N
        3
        
          2027-04-27
          Fixed
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Brook Bidco I Limited, CA Facility 2
        N/A
        
          
        
        470000.00000000
        PA
        
        626945.31000000
        0.109343519246
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-07-07
          Fixed
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NEW FRONTERA HLDGS
        N/A
        NEW FRONTERA HLDGS WRNT
        N/A
        
          
        
        65038.00000000
        NC
        USD
        715418.00000000
        0.124773757143
        N/A
        DE
        CORP
        US
        N
        3
        
          
            
              Corporate Action
              N/A
            
            Call
            Purchased
            
              
                NEW FRONTERA HLDGS WRNT
                NEW FRONTERA HLDGS WRNT
                
                  
                
              
            
            1.00000000
            9.00000000
            USD
            2049-12-31
            XXXX
            0.00000000
          
        
        
          N
          N
          N
        
      
      
        Trident TPI Holdings, Inc.
        549300TPLK304J3RNC85
        Trident TPI Holdings, Inc., First Lien Tranche B-1 Term Loan
        00216EAB5
        
          
        
        552093.91000000
        PA
        USD
        552400.32000000
        0.096342366803
        Long
        LON
        CORP
        US
        N
        2
        
          2024-10-17
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sound Point Clo Ltd
        549300UPX3H8ENJXHI23
        Sound Point CLO V-R, Ltd.
        83607GAA5
        
          
        
        300000.00000000
        PA
        USD
        279698.70000000
        0.048781352534
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-18
          Floating
          6.23390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bayou Intermediate II LLC
        N/A
        Bayou Intermediate II LLC, First Lien Initial Term Loan
        07301HAC7
        
          
        
        573219.20000000
        PA
        USD
        575368.77000000
        0.100348220447
        Long
        LON
        CORP
        US
        N
        3
        
          2028-08-02
          Floating
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Penta Clo S.a.
        635400PEJQMP8HHYYF04
        Penta CLO 6 DAC
        BCC31D9V7
        
          
        
        500000.00000000
        PA
        
        573155.91000000
        0.099962282637
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-07-25
          Floating
          9.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Shackleton Clo Ltd
        549300OM5GJJFIKCOZ48
        Shackleton 2014-V-R CLO, Ltd.
        81881NAA1
        
          
        
        650000.00000000
        PA
        USD
        596484.85000000
        0.104031008185
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-05-07
          Floating
          6.31990000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sophia LP
        549300RP8NIJ7FY7OS79
        Sophia LP, First Lien Closing Date Term Loan
        83578BAM5
        
          
        
        1440103.95000000
        PA
        USD
        1447153.26000000
        0.252393355231
        Long
        LON
        CORP
        US
        N
        2
        
          2027-10-07
          Floating
          3.89720000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Solenis International LP
        N/A
        Solenis International LP, First Lien B Term Loan
        N/A
        
          
        
        640820.31000000
        PA
        USD
        640753.02000000
        0.111751677630
        Long
        LON
        CORP
        US
        N
        2
        
          2028-09-15
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wr Grace Holding Llc
        N/A
        WR Grace Holdings LLC
        92943GAA9
        
          
        
        669000.00000000
        PA
        USD
        690749.19000000
        0.120471349169
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-08-15
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Shift4 Payments Llc/fin
        N/A
        Shift4 Payments LLC
        82453AAA5
        
          
        
        618000.00000000
        PA
        USD
        645810.00000000
        0.112633649280
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-11-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CPC Acquisition Corp.
        254900UFA4AMH3PZZW32
        CPC Acquisition Corp., Second Lien Initial Term Loan
        44931VAH6
        
          
        
        924085.43000000
        PA
        USD
        931016.07000000
        0.162375524539
        Long
        LON
        CORP
        US
        N
        2
        
          2028-12-29
          Floating
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Iqvia Inc
        549300PLWY28YB00C717
        IQVIA, Inc.
        46266TAA6
        
          
        
        624000.00000000
        PA
        USD
        648916.32000000
        0.113175412581
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-05-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Look Vision Group, Inc.
        N/A
        New Look Vision Group, Inc., First Lien Initial Term Loan
        N/A
        
          
        
        2484772.50000000
        PA
        
        1932339.26000000
        0.337013088218
        Long
        LON
        CORP
        CA
        N
        3
        
          2028-05-26
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Amneal Pharmaceuticals LLC
        54930037VIXE7LRZ1M66
        Amneal Pharmaceuticals LLC, First Lien Initial Term Loan
        03167DAH7
        
          
        
        3215226.87000000
        PA
        USD
        3178396.45000000
        0.554333923328
        Long
        LON
        CORP
        US
        N
        2
        
          2025-05-04
          Floating
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Sprint Intermediate Holding I Term Loan
        N/A
        
          
        
        2275583.80000000
        PA
        USD
        2286961.72000000
        0.398861653255
        Long
        LON
        CORP
        US
        N
        3
        
          2026-06-30
          Floating
          16.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Pennymac Fin Svcs Inc
        549300W1D516HBDEU871
        PennyMac Financial Services, Inc.
        70932MAC1
        
          
        
        814000.00000000
        PA
        USD
        813820.92000000
        0.141935894582
        Long
        DBT
        CORP
        US
        Y
        2
        
          2031-09-15
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LSF11 Skyscraper Holdco S.a r.l.
        N/A
        LSF11 Skyscraper Holdco SARL, First Lien Facility B3 Term Loan
        N/A
        
          
        
        652645.39000000
        PA
        USD
        654280.27000000
        0.114110921884
        Long
        LON
        CORP
        LU
        N
        2
        
          2027-09-29
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Catalent Pharma Solution
        549300HALRZ339MSTH85
        Catalent Pharma Solutions, Inc.
        14879EAK4
        
          
        
        1136000.00000000
        PA
        USD
        1137420.00000000
        0.198373771488
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-04-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Sunmed Group Holdings, LLC, Revolver
        N/A
        
          
        
        137842.43000000
        PA
        USD
        135430.19000000
        0.023619944755
        Long
        LON
        CORP
        US
        N
        3
        
          2027-06-16
          Fixed
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BMC Software, Inc.
        N/A
        BMC Software, Inc., Second Lien 2nd Lien Term Loan
        10318UAB5
        
          
        
        431682.41000000
        PA
        USD
        437348.24000000
        0.076276502806
        Long
        LON
        CORP
        US
        N
        3
        
          2026-03-23
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Recess Holdings, Inc.
        N/A
        Recess Holdings, Inc., First Lien Initial Term Loan
        72811HAC4
        
          
        
        1984536.08000000
        PA
        USD
        1980408.24000000
        0.345396644735
        Long
        LON
        CORP
        US
        N
        2
        
          2024-09-30
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bausch Health Cos Inc
        B3BS7ACMDUWISF18KY76
        Bausch Health Cos., Inc.
        071734AJ6
        
          
        
        894000.00000000
        PA
        USD
        835013.88000000
        0.145632090714
        Long
        DBT
        CORP
        CA
        
        Y
        2
        
          2030-01-30
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cornerstone OnDemand, Inc.
        N/A
        Cornerstone OnDemand, Inc., First Lien Initial Term Loan
        86803YAB9
        
          
        
        1120551.88000000
        PA
        USD
        1120204.51000000
        0.195371273133
        Long
        LON
        CORP
        US
        N
        2
        
          2028-09-21
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Northwoods Capital Ltd
        549300VSNJNLNM3KF997
        Northwoods Capital XVII, Ltd.
        66860LAA1
        
          
        
        600000.00000000
        PA
        USD
        534789.00000000
        0.093270833008
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-04-22
          Floating
          5.78820000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Genesis Care Finance Pty, Ltd.
        N/A
        Genesis Care Finance Pty, Ltd., First Lien Facility B5 Term Loan
        N/A
        
          
        
        934198.19000000
        PA
        USD
        933614.32000000
        0.162828676982
        Long
        LON
        CORP
        GB
        N
        2
        
          2027-05-14
          Floating
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cifc Funding Ltd
        549300O8WGQU5B6HEB94
        CIFC Funding 2014-II-R, Ltd.
        12551FAA2
        
          
        
        300000.00000000
        PA
        USD
        286230.00000000
        0.049920455604
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2030-04-24
          Floating
          5.81520000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Solenis Holdings LLC
        549300P0XTH2Z2N7QB86
        Solenis Holdings LLC, Second Lien Initial Dollar Term Loan
        83420LAN1
        
          
        
        2036268.81000000
        PA
        USD
        2040097.00000000
        0.355806769787
        Long
        LON
        CORP
        US
        N
        2
        
          2026-06-26
          Floating
          8.58460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Consolidated Natural Resources, Inc.
        N/A
        American Consolidated Natural Resources, Inc., First Priority Term Loan
        02522YAB6
        
          
        
        673848.01000000
        PA
        USD
        690485.32000000
        0.120425328450
        Long
        LON
        CORP
        US
        N
        2
        
          2025-09-16
          Floating
          17.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        National Mentor Holdings
        5493004QULJVJP3CNZ62
        National Mentor Holdings, Inc., First Lien Delayed Term Loan
        63689EAS4
        
          
        
        86662.42000000
        PA
        USD
        86770.75000000
        0.015133408004
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-02
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Curium BidCo S.a r.l.
        N/A
        Curium BidCo SARL, Second Lien 2nd lien TL Term Loan
        N/A
        
          
        
        811461.97000000
        PA
        USD
        825159.45000000
        0.143913411207
        Long
        LON
        CORP
        LU
        N
        2
        
          2028-10-27
          Floating
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cohu, Inc.
        529900FJPORJ3JJ2XS33
        Cohu, Inc., First Lien Initial B Term Loan
        19257PAB0
        
          
        
        293842.46000000
        PA
        USD
        293200.41000000
        0.051136142439
        Long
        LON
        CORP
        US
        N
        2
        
          2025-10-01
          Floating
          3.17180000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Gfl Environmental Inc
        549300FYK4MBXWIVZU26
        GFL Environmental, Inc.
        36168QAL8
        
          
        
        1202000.00000000
        PA
        USD
        1194487.50000000
        0.208326730997
        Long
        DBT
        CORP
        CA
        Y
        2
        
          2028-08-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Lightning Finco Limited
        N/A
        
          
        
        2127718.92000000
        PA
        USD
        2106441.73000000
        0.367377741204
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-09-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Engineered Components and Systems LLC
        254900VEJCW8TYEZ4290
        Engineered Components and Systems LLC, First Lien Delayed Draw Term Loan
        29286JAC6
        
          
        
        179477.90000000
        PA
        USD
        179702.25000000
        0.031341292642
        Long
        LON
        CORP
        US
        N
        3
        
          2028-06-08
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cimpress Plc
        549300X1IFD75XISOR81
        Cimpress PLC
        17186HAC6
        
          
        
        875000.00000000
        PA
        USD
        913675.00000000
        0.159351124179
        Long
        DBT
        CORP
        IE
        
        Y
        2
        
          2026-06-15
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jazz Pharmaceuticals Public, Ltd. Company
        635400WUEO2NSG5OIU34
        Jazz Pharmaceuticals Public, Ltd. Company, First Lien Initial Dollar Term Loan
        G5080AAF9
        
          
        
        814493.49000000
        PA
        USD
        816533.80000000
        0.142409039276
        Long
        LON
        CORP
        LU
        
        N
        2
        
          2028-05-05
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Red Planet Borrower LLC
        N/A
        Red Planet Borrower LLC, First Lien Initial Term Loan
        57165KAB2
        
          
        
        2081980.19000000
        PA
        USD
        2077431.06000000
        0.362318083363
        Long
        LON
        CORP
        US
        N
        2
        
          2028-10-02
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Technicolor
        N/A
        Tech 6, First Lien Tranche 2
        N/A
        
          
        
        332575.69000000
        PA
        
        413167.42000000
        0.072059203602
        Long
        LON
        CORP
        FR
        N
        3
        
          2024-06-30
          Floating
          6.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Sound Point Clo Ltd
        N/A
        Sound Point CLO XXII, Ltd.
        83610FAA2
        
          
        
        300000.00000000
        PA
        USD
        286328.40000000
        0.049937617232
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-01-20
          Floating
          6.48830000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Premier Entertainment Su
        549300KRDMIL2NJVZ267
        Premier Entertainment Sub LLC / Premier Entertainment Finance Corp.
        74052HAB0
        
          
        
        2018000.00000000
        PA
        USD
        2041594.46000000
        0.356067936980
        Long
        DBT
        CORP
        US
        Y
        2
        
          2031-09-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intrum Ab
        549300UNCO2FCUWXX470
        Intrum AB
        AZ7305412
        
          
        
        1281000.00000000
        PA
        
        1519218.81000000
        0.264962076502
        Long
        DBT
        CORP
        SE
        N
        2
        
          2026-07-15
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cifc European Funding
        549300NYQTL91Z5R9B69
        CIFC European Funding CLO II DAC
        BCC2MY775
        
          
        
        400000.00000000
        PA
        
        448987.37000000
        0.078306446112
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2033-04-15
          Floating
          7.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Douglas Gmbh
        529900381YTPHVY9AI06
        Douglas GmbH
        N/A
        
          
        
        961000.00000000
        PA
        
        1132439.37000000
        0.197505115796
        Long
        DBT
        CORP
        DE
        Y
        2
        
          2026-04-08
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sequa Mezzanine Holdings LLC
        N/A
        Sequa Mezzanine Holdings LLC, First Lien Extended Term Loan
        81733HAE6
        
          
        
        2368040.60000000
        PA
        USD
        2406900.15000000
        0.419779729872
        Long
        LON
        CORP
        US
        N
        2
        
          2023-11-28
          Floating
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lakeland Tours LLC
        549300VLJEZFBNDIUO73
        Lakeland Tours LLC, Second Out Term Loan
        51187GAM4
        
          
        
        481625.26270000
        PA
        USD
        469825.44000000
        0.081940747018
        Long
        LON
        CORP
        US
        N
        2
        
          2025-09-25
          Floating
          8.75000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Mertus 522. GmbH, Facility B
        N/A
        
          
        
        800751.00000000
        PA
        
        918271.16000000
        0.160152725693
        Long
        LON
        CORP
        DE
        N
        3
        
          2026-05-28
          Floating
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United Group Bv
        213800PC85O8BJ7DU398
        United Group BV
        N/A
        
          
        
        475000.00000000
        PA
        
        533417.91000000
        0.093031705602
        Long
        DBT
        CORP
        NL
        Y
        2
        
          2026-02-15
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        F-brasile Spa/f-brasile
        815600561ACAEC2E9603
        F-Brasile SpA
        30191BAB7
        
          
        
        2331000.00000000
        PA
        USD
        2403843.75000000
        0.419246672958
        Long
        DBT
        CORP
        IT
        Y
        2
        
          2026-08-15
          Fixed
          7.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Parexel International Corp.
        549300GCZVUYB6P2OA17
        Parexel International Corp., First Lien Initial Term Loan
        69946EAT8
        
          
          
        
        2583921.66000000
        PA
        USD
        2584645.16000000
        0.450779666568
        Long
        LON
        CORP
        US
        N
        2
        
          2024-09-27
          Floating
          2.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dynasty Acquisition Co., Inc.
        549300L1RCRPOAUCB870
        Dynasty Acquisition Co., Inc., First Lien 2020 B-1 Term Loan
        26812CAE6
        
          
        
        958523.74440000
        PA
        USD
        939578.52000000
        0.163868873962
        Long
        LON
        CORP
        US
        N
        2
        
          2026-04-06
          Floating
          3.64720000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GBT Group Services B.V.
        N/A
        GBT Group Services B.V., First Lien Initial Term Loan
        G3931DAB8
        
          
        
        571459.14000000
        PA
        USD
        517647.69000000
        0.090281272148
        Long
        LON
        CORP
        GB
        N
        2
        
          2025-08-13
          Floating
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Summit Materials Llc/fin
        549300C97P3BW8QROE16
        Summit Materials LLC
        86614RAN7
        
          
        
        1000000.00000000
        PA
        USD
        1051250.00000000
        0.183345138363
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-01-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Avaya, Inc.
        N/A
        Avaya, Inc., First Lien Tranche B-2 Term Loan
        05349UBD3
        
          
        
        495170.33000000
        PA
        USD
        496373.59000000
        0.086570924650
        Long
        LON
        CORP
        US
        N
        2
        
          2027-12-15
          Floating
          4.08380000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Simmons Food Inc/simmons
        5493002Z1TVWRIL6NM97
        Simmons Foods, Inc.
        82873MAA1
        
          
        
        870000.00000000
        PA
        USD
        877651.65000000
        0.153068407328
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-03-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wilsonart LLC
        N/A
        Wilsonart LLC, First Lien Tranche E Term Loan
        97246FAH9
        
          
        
        1335991.73000000
        PA
        USD
        1338496.71000000
        0.233442915095
        Long
        LON
        CORP
        US
        N
        2
        
          2026-12-31
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Electronics for Imaging, Inc.
        549300PN42C4XYPSEV84
        Electronics for Imaging, Inc., First Lien Initial Term Loan
        28608EAE6
        
          
        
        1223841.76520000
        PA
        USD
        1158158.18000000
        0.201990650900
        Long
        LON
        CORP
        US
        N
        2
        
          2026-07-23
          Floating
          5.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: GBP 10/06/2021
        N/A
        
          
        
        1.00000000
        NC
        
        -2829540.00000000
        -0.49349098958
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -2100000.00000000
            GBP
            -2899197.00000000
            USD
            2021-10-06
            69657.00000000
          
        
        
          N
          N
          N
        
      
      
        Seattle SpinCo, Inc.
        213800AAQDP1DDU8BK05
        Seattle SpinCo, Inc., First Lien Initial Term Loan
        81271EAB7
        
          
        
        473761.59000000
        PA
        USD
        470281.81000000
        0.082020341045
        Long
        LON
        CORP
        US
        N
        2
        
          2024-06-21
          Floating
          2.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Oneshield, Inc., Term Note
        N/A
        
          
        
        1304348.00000000
        PA
        USD
        1317391.48000000
        0.229762019671
        Long
        LON
        CORP
        US
        N
        3
        
          2026-09-09
          Floating
          10.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Sontiq, Inc. (fka EZShield, Inc), Initial Term Loan
        N/A
        
          
        
        2094804.00000000
        PA
        USD
        2094804.00000000
        0.365348042068
        Long
        LON
        CORP
        US
        N
        3
        
          2026-03-01
          Floating
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Harbor Freight Tools USA, Inc.
        549300Y48HLCFTTB4249
        Harbor Freight Tools USA, Inc., First Lien Initial (2021) Term Loan
        41151PAP0
        
          
        
        2131106.16000000
        PA
        USD
        2132534.00000000
        0.371928410268
        Long
        LON
        CORP
        US
        N
        2
        
          2027-10-19
          Floating
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Northwest Fiber LLC
        254900LE3FBC16P2QY79
        Northwest Fiber LLC
        667449AA0
        
          
        
        1331000.00000000
        PA
        USD
        1499118.61000000
        0.261456465135
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-06-01
          Fixed
          10.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Magenta Buyer LLC
        N/A
        Magenta Buyer LLC, First Lien Initial Term Loan
        55910RAB9
        
          
        
        1476642.36000000
        PA
        USD
        1478488.16000000
        0.257858374567
        Long
        LON
        CORP
        US
        N
        2
        
          2028-07-27
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Milani Group LLC
        N/A
        New Milani Group LLC, First Lien Term Loan
        64746PAC3
        
          
        
        776000.00000000
        PA
        USD
        717800.00000000
        0.125189194118
        Long
        LON
        CORP
        US
        N
        3
        
          2024-06-06
          Floating
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wind River Clo Ltd
        549300AMLFWC1VCUN251
        Wind River 2014-1 CLO, Ltd.
        88432CBK1
        
          
        
        1050000.00000000
        PA
        USD
        963590.25000000
        0.168056682722
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-07-18
          Floating
          6.32610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Maxeda Diy Holding Bv
        724500KEZU4CPEQLGZ87
        Maxeda DIY Holding BV
        N/A
        
          
        
        414000.00000000
        PA
        
        492390.02000000
        0.085876162992
        Long
        DBT
        CORP
        NL
        Y
        2
        
          2026-10-01
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Leeward Renewabl
        N/A
        Leeward Renewable Energy Operations LLC
        524590AA4
        
          
        
        468000.00000000
        PA
        USD
        476274.24000000
        0.083065461528
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-07-01
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ascend Performance Materials Operations LLC
        549300NIMFUIRMMAGQ29
        Ascend Performance Materials Operations LLC, First Lien 2021 Refinancing Term Loan
        04350TAC8
        
          
        
        1930563.71000000
        PA
        USD
        1956356.04000000
        0.341201777732
        Long
        LON
        CORP
        US
        N
        2
        
          2026-08-27
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Spirit Aerosystems Inc
        ZD2NBKV6GCC3UMGBM518
        Spirit AeroSystems, Inc.
        85205TAL4
        
          
        
        1265000.00000000
        PA
        USD
        1340900.00000000
        0.233862065190
        Long
        DBT
        CORP
        US
        Y
        2
        
          2025-04-15
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        The Knot Worldwide, Inc.
        5493008BZQSUX5N9Q439
        The Knot Worldwide, Inc., Second Lien Initial Dollar Term Loan
        94847DAE1
        
          
        
        533333.33000000
        PA
        USD
        528000.00000000
        0.092086785308
        Long
        LON
        CORP
        US
        N
        2
        
          2026-12-21
          Floating
          8.37850000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hub International, Ltd.
        549300JQT6ATTUNS5E06
        Hub International, Ltd., First Lien Initial Term Loan
        44332EAP1
        
          
          
        
        1640144.07000000
        PA
        USD
        1626227.45000000
        0.283625109945
        Long
        LON
        CORP
        US
        N
        2
        
          2025-04-25
          Floating
          2.86450000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        USIC Holdings, Inc.
        5493009ZYUWB7X699U62
        USIC Holdings, Inc., Second Lien Initial Term Loan
        90290HAR3
        
          
        
        764488.29000000
        PA
        USD
        777228.49000000
        0.135553926315
        Long
        LON
        CORP
        US
        N
        2
        
          2029-05-14
          Floating
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Manitowoc Company Inc
        2RTSLGQ89VMY18RHX631
        Manitowoc Co., Inc.
        563571AL2
        
          
        
        1347000.00000000
        PA
        USD
        1444825.88000000
        0.251987444356
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-04-01
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GHX Ultimate Parent Corp.
        549300DSS2JT4D8XDT30
        GHX Ultimate Parent Corp., First Lien Initial Term Loan
        36172KAC5
        
          
        
        673881.54000000
        PA
        USD
        675006.92000000
        0.117725790386
        Long
        LON
        CORP
        US
        N
        2
        
          2024-06-28
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Paysafe Fin Plc/paysafe
        894500TDMZ4S0F5X0Z61
        Paysafe Finance PLC
        70452AAA1
        
          
        
        570000.00000000
        PA
        USD
        546487.50000000
        0.095311130845
        Long
        DBT
        CORP
        US
        
        Y
        2
        
          2029-06-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Constellation Automotive
        254900HVTSU7VICDRM89
        Constellation Automotive Financing PLC
        N/A
        
          
        
        728000.00000000
        PA
        
        975561.39000000
        0.170144530826
        Long
        DBT
        CORP
        GB
        N
        2
        
          2027-07-15
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Oaktree Clo Ltd
        N/A
        Oaktree CLO 2020-1, Ltd.
        67402GAE7
        
          
        
        1050000.00000000
        PA
        USD
        1038788.10000000
        0.181171698382
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2034-07-15
          Floating
          6.85490000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Getty Images, Inc.
        N/A
        Getty Images, Inc., First Lien Initial Dollar Term Loan
        37427UAJ9
        
          
        
        989737.52000000
        PA
        USD
        991182.54000000
        0.172868965459
        Long
        LON
        CORP
        US
        N
        2
        
          2026-02-19
          Floating
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Sontiq, Inc. (fka EZShield, Inc), Revolving Credit Facility
        N/A
        
          
        
        123548.64000000
        PA
        USD
        123548.64000000
        0.021547721755
        Long
        LON
        CORP
        US
        N
        3
        
          2026-03-01
          Floating
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pretium PKG Holdings, Inc.
        N/A
        Pretium PKG Holdings, Inc., First Lien Initial Term Loan
        N/A
        
          
        
        301225.97000000
        PA
        USD
        301956.44000000
        0.052663253528
        Long
        LON
        CORP
        US
        N
        2
        
          2028-10-02
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National CineMedia LLC
        7LJEQIVQVLNGS4X6T547
        National CineMedia LLC, First Lien Initial Term Loan
        63530VAJ7
        
          
        
        1205680.81000000
        PA
        USD
        1127311.56000000
        0.196610790912
        Long
        LON
        CORP
        US
        N
        2
        
          2025-06-20
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Summit Materials Llc/fin
        549300C97P3BW8QROE16
        Summit Materials LLC
        86614RAM9
        
          
        
        625000.00000000
        PA
        USD
        656603.13000000
        0.114516044441
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-03-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Delek US Holdings, Inc.
        5493003O53JMENV1N385
        Delek US Holdings, Inc., First Lien Initial Term Loan
        24664GAD3
        
          
        
        1112051.35000000
        PA
        USD
        1081747.95000000
        0.188664187935
        Long
        LON
        CORP
        US
        N
        2
        
          2025-03-31
          Floating
          2.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Zayo Group Holdings, Inc.
        529900Z6OTS7RT0V0I47
        Zayo Group Holdings, Inc., First Lien Initial Dollar Term Loan
        98919XAB7
        
          
        
        1337300.49000000
        PA
        USD
        1327050.08000000
        0.231446545096
        Long
        LON
        CORP
        US
        N
        2
        
          2027-03-09
          Floating
          3.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Global Market Strategies
        529900NGGVF94UK6PG95
        Carlyle Global Market Strategies CLO 2017-3, Ltd.
        14314GAA4
        
          
        
        400000.00000000
        PA
        USD
        376167.20000000
        0.065606113989
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2029-07-20
          Floating
          6.29830000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venator Fin Sarl/venator
        N/A
        Venator Finance SARL
        9226APAA3
        
          
        
        1133000.00000000
        PA
        USD
        1072373.17000000
        0.187029162645
        Long
        DBT
        CORP
        US
        Y
        2
        
          2025-07-15
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Raptor Acquisition Corp.
        N/A
        Raptor Acquisition Corp., First Lien B Term Loan
        N/A
        
          
        
        249457.15000000
        PA
        USD
        250517.34000000
        0.043691925198
        Long
        LON
        CORP
        CA
        N
        2
        
          2026-11-01
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Brook Bidco I Limited, Revolving
        N/A
        
          
        
        155000.00000000
        PA
        
        206758.56000000
        0.036060096828
        Long
        LON
        CORP
        GB
        N
        3
        
          2027-07-07
          Fixed
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LSF10 XL Bidco S.C.A.
        N/A
        LSF10 XL Bidco S.C.A., First Lien Facility B4 Term Loan
        N/A
        
          
        
        1500000.00000000
        PA
        
        1743495.89000000
        0.304077522176
        Long
        LON
        CORP
        LU
        N
        2
        
          2028-04-12
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Traverse Midstream Partners LLC
        549300DHTM8B2X5QMJ22
        Traverse Midstream Partners LLC, First Lien Advance Term Loan
        89435TAB0
        
          
          
        
        702952.50130000
        PA
        USD
        704600.92000000
        0.122887184940
        Long
        LON
        CORP
        US
        N
        2
        
          2024-09-27
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kleopatra Holdings 2
        222100ALG258IKQWWE73
        Kleopatra Holdings 2 SCA
        BN7932989
        
          
        
        758000.00000000
        PA
        
        831797.22000000
        0.145071083368
        Long
        DBT
        CORP
        LU
        
        N
        2
        
          2026-09-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DCert Buyer, Inc.
        N/A
        DCert Buyer, Inc., Second Lien First Amendment Refinancing Term Loan
        24022KAJ8
        
          
        
        1403692.73000000
        PA
        USD
        1419919.42000000
        0.247643588608
        Long
        LON
        CORP
        US
        N
        2
        
          2029-02-19
          Floating
          7.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intelsat Jackson Hldg
        8XJ8KF85PBKK1TLMFN29
        Intelsat Jackson Holdings SA, First Lien Term Loan
        L5137LAM7
        
          
        
        107609.43000000
        PA
        USD
        108551.01000000
        0.018932033244
        Long
        LON
        CORP
        LU
        N
        2
        
          2022-07-13
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venture Cdo Ltd
        549300NQPL9XHZ20E278
        Venture XXXIII CLO, Ltd.
        92331GAA9
        
          
        
        200000.00000000
        PA
        USD
        179675.20000000
        0.031336574938
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-15
          Floating
          6.07610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Euro Clo
        549300YQUO4XFJGG1T54
        Invesco Euro CLO
        N/A
        
          
        
        500000.00000000
        PA
        
        571482.68000000
        0.099670459963
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-07-15
          Floating
          8.58000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        L1R HB Finance, Ltd.
        N/A
        L1R HB Finance, Ltd., First Lien Facility B1 Term Loan
        N/A
        
          
        
        3000000.00000000
        PA
        
        3817353.17000000
        0.665772314040
        Long
        LON
        CORP
        JE
        N
        2
        
          2024-09-02
          Floating
          5.32910000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wabash National Corp
        5299004ZAWHQZI5XO485
        Wabash National Corp.
        929566AL1
        
          
        
        1670000.00000000
        PA
        USD
        1670000.00000000
        0.291259339897
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-10-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wellfleet Clo Ltd
        254900A99ZMAJM1OOV76
        Wellfleet CLO X, Ltd.
        94949VAE8
        
          
        
        1300000.00000000
        PA
        USD
        1290666.00000000
        0.225100914483
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2032-07-20
          Floating
          6.78370000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackbrush Oil & Gas Lp
        549300ERRFHSNVPTFJ05
        BlackBrush Oil & Gas LP, First Lien Term Loan
        09227YAK9
        
          
        
        823383.45000000
        PA
        USD
        823383.45000000
        0.143603664747
        Long
        LON
        CORP
        US
        N
        3
        
          2025-09-01
          Floating
          8.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Vectra Co.
        JUC8K6CTM7PVMRAKXF33
        Vectra Co., First Lien Initial Term Loan
        92243BAC3
        
          
        
        1224071.32000000
        PA
        USD
        1202956.09000000
        0.209803710597
        Long
        LON
        CORP
        US
        N
        2
        
          2025-03-08
          Floating
          3.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nordam Group LLC
        5493002LT07L4NHXC089
        Nordam Group LLC, First Lien Initial Term Loan
        65557PAD6
        
          
        
        1104465.62160000
        PA
        USD
        1047861.76000000
        0.182754206299
        Long
        LON
        CORP
        US
        N
        2
        
          2026-04-09
          Floating
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Iron Mountain Inc
        SQL3F6CKNNBM3SQGHX24
        Iron Mountain, Inc.
        46284VAE1
        
          
        
        1163000.00000000
        PA
        USD
        1216788.75000000
        0.212216220430
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-03-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        V Global Holdings Llc
        N/A
        V Global Holdings LLC, Revolving Credit, First Lien Term Loan
        91823CAB3
        
          
        
        371009.31000000
        PA
        USD
        371009.31000000
        0.064706542949
        Long
        LON
        CORP
        US
        N
        3
        
          2025-12-22
          Floating
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SolarWinds Holdings, Inc.
        549300GUYI8M0E3S0X29
        SolarWinds Holdings, Inc., First Lien 2018 Refinancing Term Loan
        83417UAH9
        
          
        
        1983396.05000000
        PA
        USD
        1966497.52000000
        0.342970520709
        Long
        LON
        CORP
        US
        N
        2
        
          2024-02-05
          Floating
          2.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United Wholesale Mtge Ll
        549300HW662MN1WU8550
        United Wholesale Mortgage LLC
        913229AA8
        
          
        
        619000.00000000
        PA
        USD
        601883.91000000
        0.104972640910
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Transdigm Inc
        88Q84GB3X55CF5OC7582
        TransDigm, Inc.
        893647BK2
        
          
        
        150000.00000000
        PA
        USD
        160125.00000000
        0.027926887305
        Long
        DBT
        CORP
        US
        Y
        2
        
          2025-12-15
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Naviera Armas S.A. Facility A
        N/A
        
          
        
        150446.40000000
        PA
        
        174268.97000000
        0.030393691716
        Long
        LON
        CORP
        ES
        N
        3
        
          2021-10-29
          Floating
          10.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        FL Hawk Intermediate Holdings, Inc. Term Loan
        N/A
        
          
        
        924225.14000000
        PA
        USD
        914982.89000000
        0.159579229076
        Long
        LON
        CORP
        US
        N
        3
        
          2028-08-22
          Floating
          10.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Penske Automotive Group
        549300W7UTQ0M4C7LB15
        Penske Automotive Group, Inc.
        70959WAK9
        
          
        
        2334000.00000000
        PA
        USD
        2350057.92000000
        0.409866058981
        Long
        DBT
        CORP
        US
        N
        2
        
          2029-06-15
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Organon & Co/org
        549300SH15FO4Y2G3V63
        Organon & Co.
        68622TAA9
        
          
        
        1720000.00000000
        PA
        USD
        1756550.00000000
        0.306354247602
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-04-30
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Technicolor USA, Inc., First Lien Tranche 1 Term Loan
        N/A
        
          
        
        880390.24000000
        PA
        
        983787.40000000
        0.171579202828
        Long
        LON
        CORP
        FR
        N
        2
        
          2024-12-31
          Floating
          3.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Penta Clo S.a.
        549300FTCSBBS0J25486
        Penta Clo 9 DAC
        N/A
        
          
        
        550000.00000000
        PA
        
        624925.63000000
        0.108991273340
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2036-07-25
          Floating
          8.74000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vibrant Clo Ltd
        549300FSK7KM11RVKG88
        Vibrant CLO 1X, Ltd.
        92558VAG9
        
          
        
        300000.00000000
        PA
        USD
        289873.50000000
        0.050555906744
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-07-20
          Floating
          3.33430000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cineworld Group PLC
        N/A
        Cineworld Group PLC Warrant
        N/A
        
          
        
        84898.00000000
        NC
        
        47472.51000000
        0.008279528099
        N/A
        DE
        CORP
        GB
        N
        2
        
          
            
              Corporate Action
              N/A
            
            Call
            Purchased
            
              
                Cineworld Group PLC
                Cineworld Group PLC
                
                  
                
              
            
            1.00000000
            41.49000000
            GBP
            2049-12-31
            XXXX
            47472.51000000
          
        
        
          N
          N
          N
        
      
      
        Symplr Software, Inc.
        549300S5JUSXRHNCHD80
        Symplr Software, Inc., First Lien Initial Term Loan
        87190HAC3
        
          
        
        890700.84000000
        PA
        USD
        894820.33000000
        0.156062741701
        Long
        LON
        CORP
        US
        N
        2
        
          2027-12-22
          Floating
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Zi Tech Llc/zi Fin Corp
        N/A
        ZoomInfo Technologies LLC/ZoomInfo Finance Corp.
        98981BAA0
        
          
        
        826000.00000000
        PA
        USD
        822931.41000000
        0.143524825902
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-02-01
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        J & J Ventures Gaming LLC
        549300BYPH8FLKS5ZS70
        J & J Ventures Gaming LLC, First Lien Initial Term Loan
        46604BAB4
        
          
        
        499327.68000000
        PA
        USD
        502448.48000000
        0.087630426716
        Long
        LON
        CORP
        US
        N
        3
        
          2028-04-26
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Amer Sports Holding Oy
        N/A
        Amer Sports Holding Oy, First Lien Facility B Term Loan
        X6000CAB0
        
          
        
        812416.46000000
        PA
        
        943515.43000000
        0.164555497799
        Long
        LON
        CORP
        FI
        N
        2
        
          2026-03-30
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Chip Holdco, Ltd., First Lien B Term Loan
        N/A
        
          
        
        961317.72000000
        PA
        USD
        951704.54000000
        0.165983734190
        Long
        LON
        CORP
        GB
        N
        3
        
          2025-07-11
          Floating
          5.16660000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Mortgage Tr
        549300OLDJ20R2Y2UW20
        Blackstone Mortgage Trust, Inc.
        09257WAD2
        
          
        
        760000.00000000
        PA
        USD
        754300.00000000
        0.131555041966
        Long
        DBT
        CORP
        US
        Y
        2
        
          2027-01-15
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jefferson Capital Holdin
        N/A
        Jefferson Capital Holdings LLC
        472481AA8
        
          
        
        1181000.00000000
        PA
        USD
        1215130.90000000
        0.211927080133
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-08-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pathway Vet Alliance LLC
        N/A
        Pathway Vet Alliance LLC, First Lien 2021 Replacement Term Loan
        70323KAE8
        
          
        
        734049.28000000
        PA
        USD
        733513.42000000
        0.127929721266
        Long
        LON
        CORP
        US
        N
        2
        
          2027-03-31
          Floating
          3.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Gyp Holdings Iii Corp
        549300055I1KJWZH9690
        GYP Holdings III Corp.
        36261NAA5
        
          
        
        1399000.00000000
        PA
        USD
        1416487.50000000
        0.247045038456
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-05-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Anchor Packaging LLC
        N/A
        Anchor Packaging LLC, First Lien Initial Term Loan
        03306UAB4
        
          
        
        507730.32000000
        PA
        USD
        508050.19000000
        0.088607402978
        Long
        LON
        CORP
        US
        N
        2
        
          2026-07-18
          Floating
          4.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Excelitas Technologies Corp.
        5493001KJFQIB7D17Q74
        Excelitas Technologies Corp., First Lien Initial USD Term Loan
        26929CAC0
        
          
        
        490827.44000000
        PA
        USD
        493281.58000000
        0.086031657110
        Long
        LON
        CORP
        US
        N
        3
        
          2024-12-02
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Safe Fleet Holdings LLC
        549300KU3A5N7HWSKB64
        Safe Fleet Holdings LLC, Second Lien Initial Term Loan
        78638JAG9
        
          
        
        667222.69000000
        PA
        USD
        659996.67000000
        0.115107900861
        Long
        LON
        CORP
        US
        N
        2
        
          2026-02-02
          Floating
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Global Market Strategies
        6354006XBJTNRUJOLM20
        Carlyle Global Market Strategies CLO 2013-3, Ltd.
        14310GAU4
        
          
        
        300000.00000000
        PA
        USD
        298258.20000000
        0.052018255359
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2030-10-15
          Floating
          1.88380000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Trader Interactive LLC
        549300HJLM6XUGUZ1B05
        Trader Interactive LLC, First Lien Initial Term Loan
        89256CAC1
        
          
        
        381368.86000000
        PA
        USD
        381845.57000000
        0.066596460275
        Long
        LON
        CORP
        US
        N
        3
        
          2028-07-28
          Floating
          4.56250000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        WSP Midco LLC Series A
        N/A
        
          
        
        254000.00000000
        NS
        USD
        254000.00000000
        0.044299324750
        Long
        EP
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        C&D Technologies, Inc.
        549300GL1JMRWNCKLX11
        C&D Technologies, Inc., First Lien B Term Loan
        12466CAG0
        
          
        
        1704570.41040000
        PA
        USD
        1685402.52000000
        0.293945643973
        Long
        LON
        CORP
        US
        N
        2
        
          2025-12-20
          Floating
          5.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Us Acute Care Solutions
        N/A
        US Acute Care Solutions LLC
        90367UAA9
        
          
        
        2572000.00000000
        PA
        USD
        2716675.00000000
        0.473806567194
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-03-01
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ivanti Software, Inc.
        N/A
        Ivanti Software, Inc., First Lien First Amendment Term Loan
        46583DAF6
        
          
        
        556143.24000000
        PA
        USD
        557742.15000000
        0.097274018228
        Long
        LON
        CORP
        US
        N
        2
        
          2027-12-01
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jazz Acquisition, Inc.
        549300L8N9LERNS63192
        Jazz Acquisition, Inc., Second Lien Initial Term Loan
        47214DAM6
        
          
        
        1058701.66000000
        PA
        USD
        976652.28000000
        0.170334789450
        Long
        LON
        CORP
        US
        N
        2
        
          2027-06-18
          Floating
          8.08000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Radnet Management, Inc.
        549300T3TJ6A0P5TXM13
        Radnet Management, Inc., First Lien Initial Term Loan
        75049EAM6
        
          
        
        658046.64000000
        PA
        USD
        657842.65000000
        0.114732225146
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-23
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Pack-a-Punch Lux Topco Sarl
        N/A
        
          
        
        252000.00000000
        NS
        
        339544.85000000
        0.059218927470
        Long
        EP
        CORP
        LU
        N
        3
        
          N
          N
          N
        
      
      
        International Game Tech
        549300UQ6KHRCZDRGZ76
        International Game Technology PLC
        460599AE3
        
          
        
        997000.00000000
        PA
        USD
        1066809.94000000
        0.186058897556
        Long
        DBT
        CORP
        GB
        
        Y
        2
        
          2029-01-15
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Papa John's Internationa
        HZYLD3DK5XOX0WBVNB56
        Papa John's International, Inc.
        698813AA0
        
          
        
        305000.00000000
        PA
        USD
        303856.25000000
        0.052994593292
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-09-15
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lcm Investments Holdings
        549300P5V78NNQTG4428
        LCM Investments Holdings II LLC
        50190EAA2
        
          
        
        777000.00000000
        PA
        USD
        798227.64000000
        0.139216320667
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-05-01
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Upstream Newco, Inc.
        549300Q4K2W4R1EBTH48
        Upstream Rehabilitation, Inc., Second Lien Term Loan
        91678HAE2
        
          
        
        456140.35000000
        PA
        USD
        451578.95000000
        0.078758435262
        Long
        LON
        CORP
        US
        N
        3
        
          2027-10-24
          Floating
          8.58460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Trident Tpi Holdings Inc
        549300TPLK304J3RNC85
        Trident TPI Holdings, Inc., First Lien Term Loan
        00216EAC3
        
          
        
        532670.45000000
        PA
        
        610463.91000000
        0.106469051172
        Long
        LON
        CORP
        US
        N
        2
        
          2024-10-05
          Floating
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National Cinemedia Llc
        7LJEQIVQVLNGS4X6T547
        National CineMedia LLC
        63530QAJ8
        
          
        
        817000.00000000
        PA
        USD
        749017.43000000
        0.130633725888
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-04-15
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Atlas CC Acquisition Corp.
        6HHLXIOGCDNZ4IRAIW26
        Atlas CC Acquisition Corp., First Lien B Term Loan
        04921TAB0
        
          
        
        712869.38000000
        PA
        USD
        716483.63000000
        0.124959610251
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-25
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Davita Inc
        M2XHYMU3TZNEZURC6H66
        DaVita, Inc.
        23918KAS7
        
          
        
        1126000.00000000
        PA
        USD
        1159623.26000000
        0.202246170800
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-06-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Kellstrom Commercial Aerospace, Inc. - Revolver
        N/A
        
          
        
        361314.16000000
        PA
        USD
        336022.17000000
        0.058604548158
        Long
        LON
        CORP
        US
        N
        3
        
          2025-07-01
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Global Market Strategies
        6354006XBJTNRUJOLM20
        Carlyle Global Market Strategies CLO 2013-3, Ltd.
        14310HAQ1
        
          
        
        400000.00000000
        PA
        USD
        362110.80000000
        0.063154582381
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2030-10-15
          Floating
          5.68370000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Rackspace Technology Global, Inc.
        549300QTYCKLMFSE8I97
        Rackspace Technology Global, Inc., First Lien 2021 B Term Loan
        75009XAB6
        
          
        
        1483271.38000000
        PA
        USD
        1474171.51000000
        0.257105521495
        Long
        LON
        CORP
        US
        N
        2
        
          2028-02-15
          Floating
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cloudera, Inc.
        N/A
        Cloudera, Inc., First Lien Term Loan
        74339VAB4
        
          
        
        939538.66000000
        PA
        USD
        939834.61000000
        0.163913537796
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-10
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Frontera Holdings
        N/A
        New Frontera Holdings LLC, Second Lien Term Loan
        64440DAD7
        
          
        
        888345.00000000
        PA
        USD
        533007.00000000
        0.092960040108
        Long
        LON
        CORP
        US
        N
        3
        
          2028-07-28
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Venture Cdo Ltd
        549300MYRV6PEDBLPL32
        Venture XXXIV CLO, Ltd.
        92332EAA3
        
          
        
        200000.00000000
        PA
        USD
        189504.40000000
        0.033050854162
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-15
          Floating
          6.25610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WireCo WorldGroup, Inc.
        5493008NQ1Q5T2GZOJ37
        WireCo WorldGroup, Inc., First Lien Initial Term Loan
        97654QAE7
        
          
          
        
        1869647.36920000
        PA
        USD
        1873536.24000000
        0.326757442236
        Long
        LON
        CORP
        US
        N
        2
        
          2023-09-29
          Floating
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Clarinda Park Clo
        549300XB54YB1YSX8Q08
        Clarinda Park CLO DAC
        N/A
        
          
        
        400000.00000000
        PA
        
        441762.08000000
        0.077046306474
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-02-15
          Floating
          7.62000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Endure Digital Inc
        N/A
        Endure Digital, Inc.
        29279XAA8
        
          
        
        955000.00000000
        PA
        USD
        908658.63000000
        0.158476235188
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-02-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Maravai Intermediate Holdings LLC
        2549005DIMMJLV8LMZ14
        Maravai Intermediate Holdings LLC, First Lien Initial Term Loan
        56589PAG0
        
          
        
        418019.89000000
        PA
        USD
        419719.14000000
        0.073201868059
        Long
        LON
        CORP
        US
        N
        2
        
          2027-10-19
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wind River Clo Ltd
        254900ZK5ODN8CA7YX85
        Wind River 2014-3 CLO, Ltd.
        88432DBN3
        
          
        
        250000.00000000
        PA
        USD
        238991.75000000
        0.041681784039
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-10-22
          Floating
          6.35830000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Paysafe Group Holdings II, Ltd.
        549300N8UN7DUDH51357
        Paysafe Group Holdings II, Ltd., First Lien Facility B1 Term Loan
        70451NAB2
        
          
        
        577697.97000000
        PA
        USD
        572498.69000000
        0.099847659006
        Long
        LON
        CORP
        US
        N
        2
        
          2028-06-09
          Floating
          2.78820000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Masergy Holdings, Inc.
        549300ETD0H0RPH2C868
        Masergy Holdings, Inc., Second Lien Initial Term Loan
        57475YAB7
        
          
          
        
        462777.78000000
        PA
        USD
        461815.20000000
        0.080543706770
        Long
        LON
        CORP
        US
        N
        2
        
          2024-12-16
          Floating
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        American Consolidated Natural Resources, Inc. Preferred
        N/A
        
          
        
        2507.00000000
        NS
        USD
        535871.25000000
        0.093459584757
        Long
        EP
        CORP
        US
        N
        2
        
          N
          N
          N
        
      
      
        Tpro Acquisition Corp
        54930032G2EFD3R2BW89
        TPro Acquisition Corp.
        89238QAB5
        
          
        
        251000.00000000
        PA
        USD
        273718.01000000
        0.047738279587
        Long
        DBT
        CORP
        US
        Y
        2
        
          2024-10-15
          Fixed
          11.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Engineered Machinery Holdings, Inc.
        5493008AR0NPSLW8EW07
        Engineered Machinery Holdings, Inc., Second Lien Incremental Amendment No. 2 Term Loan
        26658NAN9
        
          
        
        2204585.54000000
        PA
        USD
        2229387.13000000
        0.388820253807
        Long
        LON
        CORP
        US
        N
        2
        
          2029-05-21
          Floating
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Select Medical Corp
        549300X05KS0JKR8CB50
        Select Medical Corp.
        816196AT6
        
          
        
        1609000.00000000
        PA
        USD
        1694035.65000000
        0.295451320467
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-08-15
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        US Radiology Specialists, Inc.
        N/A
        US Radiology Specialists, Inc., First Lien Closing Date Term Loan
        90372AAJ7
        
          
        
        1781189.76000000
        PA
        USD
        1791761.12000000
        0.312495306026
        Long
        LON
        CORP
        US
        N
        2
        
          2027-12-15
          Floating
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sound Point Clo Ltd
        549300IYECLSB6ZQZB89
        SOUND POINT CLO VII-R, Ltd.
        83610GAA0
        
          
        
        300000.00000000
        PA
        USD
        272013.90000000
        0.047441071231
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-10-23
          Floating
          6.25790000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        International Entertainment Investments, Ltd., First Lien C2 Term Loan
        N/A
        
          
        
        382152.64000000
        PA
        
        514912.54000000
        0.089804243416
        Long
        LON
        CORP
        GB
        N
        3
        
          2023-05-31
          Floating
          7.35180000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Harvest Clo
        635400TLTZKHBMIAEW29
        Harvest CLO XXVI DAC
        BCC318B94
        
          
        
        750000.00000000
        PA
        
        851619.66000000
        0.148528251505
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-01-15
          Floating
          8.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nouryon Finance B.V.
        549300K7VB5G6LULFT41
        Nouryon Finance B.V., First Lien Initial Dollar Term Loan
        N8232NAB3
        
          
        
        1430418.84000000
        PA
        USD
        1422730.34000000
        0.248133832143
        Long
        LON
        CORP
        US
        N
        2
        
          2025-10-01
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sound Point Clo Ltd
        549300Q00FJ0WHHYC788
        Sound Point CLO II, Ltd.
        83608FAH1
        
          
        
        300000.00000000
        PA
        USD
        268755.30000000
        0.046872749264
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-01-26
          Floating
          5.62520000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Meggitt-USA, Inc.
        N/A
        
          
        
        7000.00000000
        NS
        USD
        716437.73000000
        0.124951604980
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Project Boost Purchaser LLC
        N/A
        Project Boost Purchaser LLC, First Lien Tranche 1 Term Loan
        74339NAB2
        
          
        
        1424133.17000000
        PA
        USD
        1419127.34000000
        0.247505444477
        Long
        LON
        CORP
        US
        N
        2
        
          2026-06-01
          Floating
          3.58460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hunkemoller B.V.
        N/A
        Hunkemoller B.V., First Lien Term Loan
        N/A
        
          
        
        1714285.71000000
        PA
        
        1834323.43000000
        0.319918461903
        Long
        LON
        CORP
        NL
        N
        2
        
          2023-02-10
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Project Alpha Intermediate Holding, Inc.
        N/A
        Project Alpha Intermediate Holding, Inc., First Lien 2021 Refinancing Term Loan
        74339DAE8
        
          
        
        271396.40000000
        PA
        USD
        271614.87000000
        0.047371477690
        Long
        LON
        CORP
        US
        N
        2
        
          2024-04-26
          Floating
          4.09000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sound Point Clo Ltd
        549300HOEGQTNS4MTZ12
        Sounds Point CLO IV-R, Ltd.
        83609YAJ5
        
          
        
        300000.00000000
        PA
        USD
        288438.90000000
        0.050305702763
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-04-18
          Floating
          3.38390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Shape Technologies Group, Inc.
        549300HHIRJ2GWDAN995
        Shape Technologies Group, Inc., First Lien Initial Term Loan
        81946HAB5
        
          
        
        1694900.34370000
        PA
        USD
        1579291.19000000
        0.275439107487
        Long
        LON
        CORP
        US
        N
        2
        
          2025-04-21
          Floating
          3.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Titan Holdings Ii Bv
        549300XU72VK2GL31495
        Titan Holdings II BV
        BQ3598753
        
          
        
        442000.00000000
        PA
        
        520617.43000000
        0.090799214970
        Long
        DBT
        CORP
        NL
        Y
        2
        
          2029-07-15
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Transdigm Inc
        88Q84GB3X55CF5OC7582
        TransDigm, Inc.
        893647BP1
        
          
        
        1171000.00000000
        PA
        USD
        1171000.00000000
        0.204230351508
        Long
        DBT
        CORP
        US
        N
        2
        
          2029-01-15
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kkr Financial Clo Ltd
        549300MJB0YZ0QTQNZ45
        KKR Clo 25, Ltd.
        48253AAD2
        
          
        
        625000.00000000
        PA
        USD
        620351.88000000
        0.108193580283
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2034-07-15
          Floating
          6.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Trivium Packaging Fin
        724500GMZWW3PVYET548
        Trivium Packaging Finance BV
        89686QAB2
        
          
        
        2195000.00000000
        PA
        USD
        2359625.00000000
        0.411534622697
        Long
        DBT
        CORP
        NL
        Y
        2
        
          2027-08-15
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sensata Technologies Bv
        PUCKW5P5O3XMOZVH7T53
        Sensata Technologies BV
        81725WAJ2
        
          
        
        152000.00000000
        PA
        USD
        167580.00000000
        0.029227089928
        Long
        DBT
        CORP
        NL
        
        Y
        2
        
          2025-10-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crestline Denali Clo Xvii, Llc
        254900BNO2GIP36AKL73
        Crestline Denali CLO XVII, Ltd.
        22616TAG1
        
          
        
        400000.00000000
        PA
        USD
        394997.60000000
        0.068890263614
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-15
          Floating
          3.37610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Yak Access LLC
        N/A
        Yak Access LLC, Second Lien Initial Term Loan
        98432UAE5
        
          
        
        1250000.00000000
        PA
        USD
        889843.75000000
        0.155194792357
        Long
        LON
        CORP
        US
        N
        2
        
          2026-07-10
          Floating
          10.13380000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ag Issuer Llc
        N/A
        AG Issuer LLC
        00119LAA9
        
          
        
        1446000.00000000
        PA
        USD
        1518574.74000000
        0.264849746321
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-03-01
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Acadia Healthcare Co Inc
        5493005CW985Y9D0NC11
        Acadia Healthcare Co., Inc.
        00404AAN9
        
          
        
        325000.00000000
        PA
        USD
        342051.13000000
        0.059656039721
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-07-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ozlm Ltd
        N/A
        OZLM IX, Ltd.
        67109LAE2
        
          
        
        850000.00000000
        PA
        USD
        810710.45000000
        0.141393407493
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-20
          Floating
          6.25430000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Monotype Imaging Holdings, Inc.
        5299007REVJB2Z6GIU09
        Monotype Imaging Holdings, Inc., First Lien 2021 Incremental Term Loan
        61022YAD3
        
          
        
        345083.30000000
        PA
        USD
        345946.01000000
        0.060335333241
        Long
        LON
        CORP
        US
        N
        3
        
          2026-10-09
          Floating
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Endo Luxembourg Finance Company I S.a r.l.
        222100B15VY0VVCTG251
        Endo Luxembourg Finance Company I SARL, First Lien 2021 Term Loan
        L2968EAE2
        
          
        
        2285130.31000000
        PA
        USD
        2239907.58000000
        0.390655091725
        Long
        LON
        CORP
        LU
        
        N
        2
        
          2028-03-27
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ball Corp
        0BGI85ALH27ZJP15DY16
        Ball Corp.
        058498AX4
        
          
        
        1488000.00000000
        PA
        USD
        1471375.92000000
        0.256617951616
        Long
        DBT
        CORP
        US
        N
        2
        
          2031-09-15
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mountain View Clo Ltd
        549300URXZ1TS31FK720
        Mountain View CLO IX, Ltd.
        62443RAE5
        
          
        
        700000.00000000
        PA
        USD
        636780.90000000
        0.111058912929
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-15
          Floating
          6.20610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Icg Us Clo Ltd
        254900T2ODAPJRGAZY53
        ICG US CLO 2017-1, Ltd.
        449254AD3
        
          
        
        650000.00000000
        PA
        USD
        642623.15000000
        0.112077841000
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2034-07-28
          Floating
          7.45620000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        RH Diagnostik & Therapie Holding GmbH
        N/A
        
          
        
        3415541.52000000
        PA
        
        3887141.83000000
        0.677943930234
        Long
        LON
        CORP
        US
        N
        3
        
          2028-09-15
          Fixed
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Froneri International, Ltd.
        N/A
        Froneri International, Ltd., First Lien Facility B1 Term Loan
        G3679YAD4
        
          
        
        650024.18000000
        PA
        
        737735.65000000
        0.128666106848
        Long
        LON
        CORP
        LU
        N
        2
        
          2027-01-29
          Floating
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crown Point Clo 7, Ltd
        N/A
        Crown Point CLO 7, Ltd.
        22846KAA5
        
          
        
        250000.00000000
        PA
        USD
        231221.00000000
        0.040326512473
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-20
          Floating
          6.43430000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Claros Mortgage Trust, Inc.
        549300Z9LU2CZ3K30C16
        Claros Mortgage Trust, Inc., First Lien Initial Term Loan
        18269PAB8
        
          
        
        2057833.13000000
        PA
        USD
        2068122.29000000
        0.360694570665
        Long
        LON
        CORP
        US
        N
        3
        
          2026-08-09
          Floating
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alliant Holdings Intermediate LLC
        5493006Q26653NF8SI73
        Alliant Holdings Intermediate LLC, First Lien 2018 Initial Term Loan
        01881UAE5
        
          
        
        1185370.28000000
        PA
        USD
        1178258.06000000
        0.205496206457
        Long
        LON
        CORP
        US
        N
        2
        
          2025-05-09
          Floating
          3.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Midcap Financial Issr Tr
        N/A
        Midcap Financial Issuer Trust
        59567LAA2
        
          
        
        1106000.00000000
        PA
        USD
        1156787.52000000
        0.201751598488
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-05-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Constellation Automotive
        254900HVTSU7VICDRM89
        Constellation Automotive Financing PLC
        N/A
        
          
        
        961000.00000000
        PA
        
        1287794.64000000
        0.224600129801
        Long
        DBT
        CORP
        GB
        Y
        2
        
          2027-07-15
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crown Point Clo Ltd
        N/A
        Crown Point CLO IV, Ltd.
        22846PAA4
        
          
        
        300000.00000000
        PA
        USD
        270003.00000000
        0.047090356616
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-04-20
          Floating
          5.63420000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carval Clo Ltd
        N/A
        CarVal CLO II, Ltd.
        14686CAE5
        
          
        
        2000000.00000000
        PA
        USD
        1979004.00000000
        0.345151735744
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2032-04-20
          Floating
          6.70430000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: GBP 10/06/2021
        N/A
        
          
        
        1.00000000
        NC
        
        -12598192.00000000
        -2.19721023102
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -9350000.00000000
            GBP
            -12918147.00000000
            USD
            2021-10-06
            319955.00000000
          
        
        
          N
          N
          N
        
      
      
        Wolverine World Wide
        549300OVC7PK14LQ8D87
        Wolverine World Wide, Inc.
        978097AG8
        
          
        
        468000.00000000
        PA
        USD
        473265.00000000
        0.082540629638
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-08-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hudson River Trading LLC
        549300SMOBUC8O5UOE10
        Hudson River Trading LLC, First Lien Term Loan
        44413EAF5
        
          
        
        1985289.35000000
        PA
        USD
        1976782.39000000
        0.344764271875
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-20
          Floating
          3.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Encore Capital Group Inc
        5493000UVC6H49CIH830
        Encore Capital Group, Inc.
        BP5483253
        
          
        
        672000.00000000
        PA
        
        905652.13000000
        0.157951881173
        Long
        DBT
        CORP
        US
        
        Y
        2
        
          2028-06-01
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Titan Holdings Ii Bv
        549300XU72VK2GL31495
        Titan Holdings II BV
        BQ3598761
        
          
        
        852000.00000000
        PA
        
        1003543.10000000
        0.175024731056
        Long
        DBT
        CORP
        NL
        N
        2
        
          2029-07-15
          Fixed
          5.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apollo Cmmrl Real Est Fi
        549300E0AN7M2AQHSY29
        Apollo Commercial Real Estate Finance, Inc.
        03762UAC9
        
          
        
        1216000.00000000
        PA
        USD
        1230440.00000000
        0.214597091127
        Long
        DBT
        CORP
        US
        N
        2
        
          2023-10-15
          Fixed
          5.37500000
          N
          N
          N
          N
          Y
          
            
              Apollo Commercial Real Estate Finance, Inc.
              Apollo Commercial Real Estate Finance, Inc. COM
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        ASP Unifrax Holdings, Inc.
        549300RRU6BWJLD0YT71
        ASP Unifrax Holdings, Inc., First Lien EUR Term Loan
        00216UAD5
        
          
        
        615276.94000000
        PA
        
        699340.32000000
        0.121969700578
        Long
        LON
        CORP
        US
        N
        2
        
          2025-12-12
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        9 Story Media Group Inc. Euro, First Lien Term Loan
        N/A
        
          
        
        770648.08440000
        PA
        
        892677.03000000
        0.155688935628
        Long
        LON
        CORP
        CA
        N
        3
        
          2026-04-30
          Floating
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Oneshield, Inc., Revolver Loan
        N/A
        
          
        
        115942.00000000
        PA
        USD
        115942.00000000
        0.020221072087
        Long
        LON
        CORP
        US
        N
        3
        
          2026-09-09
          Floating
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Informatica LLC
        5493007SV33RZV7RPS40
        Informatica LLC, First Lien Dollar 2020 Term Loan
        45673YAB2
        
          
        
        985000.00000000
        PA
        USD
        983030.00000000
        0.171447107125
        Long
        LON
        CORP
        US
        N
        2
        
          2027-02-25
          Floating
          3.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VC GB Holdings I Corp
        N/A
        VC GB Holdings I Corp, First Lien Initial Term Loan
        91823JAC6
        
          
        
        518887.51000000
        PA
        USD
        519320.78000000
        0.090573070405
        Long
        LON
        CORP
        US
        N
        2
        
          2028-07-21
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ozlm Funding Ltd
        549300788AI08GTXXH35
        OZLM Funding IV, Ltd.
        67108HAG7
        
          
        
        693421.00000000
        PA
        USD
        667558.48000000
        0.116426731872
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2030-10-22
          Floating
          6.48380000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Zayo Group Holdings Inc
        529900Z6OTS7RT0V0I47
        Zayo Group Holdings, Inc.
        98919VAB1
        
          
        
        1282000.00000000
        PA
        USD
        1301460.76000000
        0.226983593927
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-03-01
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Casablanca US Holdings, Inc.
        N/A
        Casablanca US Holdings, Inc., First Lien Amendment No. 2 Initial Term Loan
        14713BAF1
        
          
        
        3956174.81000000
        PA
        USD
        3954335.19000000
        0.689662908485
        Long
        LON
        CORP
        US
        N
        2
        
          2024-03-29
          Floating
          4.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crestline Denali Clo Xiv, Ltd
        549300SBJ7CCHEFNE215
        Crestline Denali CLO XIV, Ltd.
        22615LAG9
        
          
        
        250000.00000000
        PA
        USD
        229171.75000000
        0.039969109358
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-23
          Floating
          6.48790000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Titan Acquisitionco New Zealand, Ltd.
        549300DK73FSFH8XNS52
        Titan Acquisitionco New Zealand, Ltd., First Lien 2020 Refinancing Term Loan
        Q9051PAD7
        
          
        
        453311.79000000
        PA
        USD
        453314.06000000
        0.079061050228
        Long
        LON
        CORP
        NZ
        
        N
        2
        
          2026-05-01
          Floating
          4.14730000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Research Now Group, Inc.
        549300XTHJNIVC5Q8K50
        Research Now Group, Inc., First Lien Initial Term Loan
        76100LAH5
        
          
          
        
        2756054.80000000
        PA
        USD
        2730506.18000000
        0.476218818905
        Long
        LON
        CORP
        US
        N
        2
        
          2024-12-20
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Genesis Care Finance Pty, Ltd.
        N/A
        Genesis Care Finance Pty, Ltd., First Lien Facility B4 Term Loan
        N/A
        
          
        
        561618.20000000
        PA
        
        654845.00000000
        0.114209414631
        Long
        LON
        CORP
        GB
        N
        2
        
          2027-05-14
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Naviera Armas Sa
        959800Q0F0EGK197EM91
        Naviera Armas S.A.
        N/A
        
          
        
        732000.00000000
        PA
        
        667304.53000000
        0.116382441268
        Long
        DBT
        CORP
        ES
        N
        2
        
          2023-07-31
          Floating
          6.50000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Oxbow Carbon Llc
        IH5EFCAY91O8SVS0VX92
        Oxbow Carbon LLC, First Lien Term Loan
        69138EBA6
        
          
        
        1412217.06000000
        PA
        USD
        1420167.84000000
        0.247686914743
        Long
        LON
        CORP
        US
        N
        2
        
          2025-10-19
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lithia Motors Inc
        SE8N1EZEHPZQBCBVKD53
        Lithia Motors, Inc.
        536797AF0
        
          
        
        1554000.00000000
        PA
        USD
        1660837.50000000
        0.289661337680
        Long
        DBT
        CORP
        US
        Y
        2
        
          2031-01-15
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        TLC Purchaser, Inc. Term Loan B
        N/A
        
          
        
        3611690.42000000
        PA
        USD
        3277609.06000000
        0.571637276201
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-13
          Floating
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cbam Clo Management
        254900JYLIAZT0YFW632
        CBAM 2017-2, Ltd.
        12481LAE6
        
          
        
        500000.00000000
        PA
        USD
        495076.00000000
        0.086344616143
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2034-07-17
          Floating
          7.23390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cardinal Parent, Inc.
        5493009YXQNPN3HQQH84
        Cardinal Parent, Inc., First Lien Initial Term Loan
        14153EAC9
        
          
        
        752064.39000000
        PA
        USD
        752560.75000000
        0.131251704956
        Long
        LON
        CORP
        US
        N
        2
        
          2027-11-12
          Floating
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lakeland Tours LLC
        549300VLJEZFBNDIUO73
        Lakeland Tours LLC, Third Out Term Loan
        51187GAK8
        
          
        
        604609.18680000
        PA
        USD
        536439.50000000
        0.093558691415
        Long
        LON
        CORP
        US
        N
        2
        
          2025-09-25
          Floating
          8.75000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Midas Opco Holdings Llc
        N/A
        Midas OpCo Holdings LLC
        59565JAA9
        
          
        
        2185000.00000000
        PA
        USD
        2263660.00000000
        0.394797675060
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-08-15
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jamestown Clo Ltd
        549300ICXRO4NIJIWJ29
        Jamestown CLO XI, Ltd.
        47049AAA9
        
          
        
        350000.00000000
        PA
        USD
        334406.45000000
        0.058322755619
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-14
          Floating
          6.15290000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PODS LLC
        N/A
        PODS LLC, First Lien Initial Term Loan
        73044EAB0
        
          
        
        578581.82000000
        PA
        USD
        579666.66000000
        0.101097801647
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-31
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Punch Finance Pl
        2138006IJRIU1Q5DN388
        Punch Finance PLC
        BQ0827197
        
          
        
        492000.00000000
        PA
        
        679725.60000000
        0.118548760219
        Long
        DBT
        CORP
        GB
        Y
        2
        
          2026-06-30
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Midcap Invest UK Acquisition Facility
        N/A
        
          
        
        1123000.00000000
        PA
        
        1475302.15000000
        0.257302712789
        Long
        LON
        CORP
        GB
        N
        3
        
          2028-05-05
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Standard Industries Inc
        54930064UHXCIUWVI755
        Standard Industries, Inc.
        853496AD9
        
          
        
        1738000.00000000
        PA
        USD
        1805347.50000000
        0.314864862954
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-01-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Forming Machining Industries Holdings LLC
        N/A
        Forming Machining Industries Holdings LLC, Second Lien Initial Term Loan
        34639HAE0
        
          
        
        310000.00000000
        PA
        USD
        272800.00000000
        0.047578172409
        Long
        LON
        CORP
        US
        N
        3
        
          2026-10-09
          Floating
          8.39720000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brown Group Holdings LLC
        N/A
        Brown Group Holdings LLC, First Lien Initial Term Loan
        11565HAB2
        
          
        
        516778.88000000
        PA
        USD
        517060.52000000
        0.090178865713
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-22
          Floating
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Davita Inc
        M2XHYMU3TZNEZURC6H66
        DaVita, Inc.
        23918KAT5
        
          
        
        496000.00000000
        PA
        USD
        483600.00000000
        0.084343123816
        Long
        DBT
        CORP
        US
        Y
        2
        
          2031-02-15
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Commscope Tech Llc
        M4TWC4QDOKW45N7T6Y12
        CommScope Technologies LLC
        20337YAA5
        
          
        
        979000.00000000
        PA
        USD
        992461.25000000
        0.173091981166
        Long
        DBT
        CORP
        US
        Y
        2
        
          2025-06-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GTT Communications, Inc.
        549300ETSL7K1ZX05H30
        GTT Communications, Inc., First Lien Closing Date U.S. Term Loan
        36250LAP9
        
          
        
        1946997.48020000
        PA
        USD
        1659815.35000000
        0.289483067779
        Long
        LON
        CORP
        US
        N
        2
        
          2025-05-31
          Floating
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MH Sub I LLC
        N/A
        MH Sub I LLC, First Lien 2020 June New Term Loan
        45567YAL9
        
          
        
        307091.02000000
        PA
        USD
        308242.61000000
        0.053759604261
        Long
        LON
        CORP
        US
        N
        2
        
          2024-09-13
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Srs Distribution Inc
        549300ZQ3XP75BCYM468
        SRS Distribution, Inc.
        78471RAB2
        
          
        
        622000.00000000
        PA
        USD
        635341.90000000
        0.110807941558
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-07-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Travel Leaders Group LLC
        549300ELYRGQJOXAK024
        Travel Leaders Group LLC, First Lien 2018 Refinancing Term Loan
        89416FAQ0
        
          
        
        3321673.92790000
        PA
        USD
        3118221.40000000
        0.543838985998
        Long
        LON
        CORP
        US
        N
        2
        
          2024-01-25
          Floating
          4.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lower Cadence Holdings LLC
        549300GMUP7Q51T05S83
        Lower Cadence Holdings LLC, First Lien Initial Term Loan
        54805BAB5
        
          
        
        890061.96170000
        PA
        USD
        890542.60000000
        0.155316676542
        Long
        LON
        CORP
        US
        N
        2
        
          2026-05-22
          Floating
          4.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LEB Holdings , Inc.
        N/A
        LEB Holdings , Inc., First Lien Initial Term Loan
        05638UAB8
        
          
        
        261528.33000000
        PA
        USD
        262617.59000000
        0.045802290963
        Long
        LON
        CORP
        US
        N
        2
        
          2027-11-02
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Bain Capital Credit CC Fund
        N/A
        
          
        
        2001.06120000
        NS
        USD
        3174289.18000000
        0.553617587550
        Long
        EC
        RF
        US
        Y
        3
        
          N
          N
          N
        
      
      
        Anchorage Credit Funding Ltd.
        549300N5JCR10GGBIT41
        Anchorage Credit Funding Ltd.
        03290BAF5
        
          
        
        350000.00000000
        PA
        USD
        327271.70000000
        0.057078406771
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2039-07-27
          Fixed
          6.84200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sound Point Clo Ltd
        N/A
        Sound Point CLO XXIII
        83614CAJ6
        
          
        
        1200000.00000000
        PA
        USD
        1171744.80000000
        0.204360249686
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2034-07-15
          Floating
          6.61830000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Marble Point Clo Xii Ltd.
        6354001RDKFQVFWCL963
        Marble Point CLO XII, Ltd.
        56606LAG8
        
          
        
        550000.00000000
        PA
        USD
        522919.65000000
        0.091200737771
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-07-16
          Floating
          3.18360000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cordatus Clo Plc
        549300Y0MU701LKFIU29
        CVC Cordatus Loan Fund XX DAC
        BCC30BL63
        
          
        
        600000.00000000
        PA
        
        685969.65000000
        0.119637764939
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-06-22
          Floating
          8.33000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nufarm Australia/america
        529900QVU58IVMPRWJ98
        Nufarm Australia, Ltd.
        67052NAA3
        
          
        
        1675000.00000000
        PA
        USD
        1721062.50000000
        0.300164986629
        Long
        DBT
        CORP
        AU
        Y
        2
        
          2026-04-30
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Atlas Senior Loan Fund Ltd
        635400RPGP64VI1SZW03
        Atlas Senior Loan Fund XI, Ltd.
        04941XAA9
        
          
        
        250000.00000000
        PA
        USD
        228895.75000000
        0.039920973083
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-26
          Floating
          5.92580000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Marnix SAS
        N/A
        Marnix SAS, First Lien Facility B (EUR) Term Loan
        N/A
        
          
        
        464704.56000000
        PA
        
        531952.96000000
        0.092776208374
        Long
        LON
        CORP
        FR
        N
        2
        
          2026-11-19
          Floating
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carlyle Global Market Strategies
        549300VZ0HS3D307K776
        CARLYLE US CLO 2017-1, Ltd.
        14314UAA3
        
          
        
        400000.00000000
        PA
        USD
        374640.40000000
        0.065339829702
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-04-20
          Floating
          6.13420000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        eResearchTechnology, Inc.
        2549003SUFVGC903CK03
        eResearchTechnology, Inc., First Lien Initial Term Loan
        29481PAH4
        
          
        
        2229492.63000000
        PA
        USD
        2243081.39000000
        0.391208625740
        Long
        LON
        CORP
        US
        N
        2
        
          2027-02-04
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Naviera Armas S.A., Facility C
        N/A
        
          
        
        242369.49980000
        PA
        
        280747.71000000
        0.048964307001
        Long
        LON
        CORP
        ES
        N
        3
        
          2021-10-29
          Floating
          10.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Creation Technologies, Inc.
        N/A
        Creation Technologies, Inc., First Lien Term Loan
        22526YAB0
        
          
        
        1072292.39000000
        PA
        USD
        1068271.29000000
        0.186313766919
        Long
        LON
        CORP
        US
        N
        3
        
          2028-09-14
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ocean Trails Clo
        549300RX29DPTX81VW10
        Ocean Trails CLO V
        67515EAX4
        
          
        
        650000.00000000
        PA
        USD
        617777.55000000
        0.107744599650
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-13
          Floating
          3.63750000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mauser Packaging Solutions Holding Company
        549300DNGHXL0OMHW304
        Mauser Packaging Solutions Holding Company, First Lien Initial Term Loan
        05604XAP1
        
          
          
        
        1610032.95000000
        PA
        USD
        1579716.03000000
        0.275513202468
        Long
        LON
        CORP
        US
        N
        2
        
          2024-04-03
          Floating
          3.33600000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        U.S. Anesthesia Partners, Inc.
        549300J001GMNRO7SQ51
        U.S. Anesthesia Partners, Inc., First Lien Initial Term Loan
        90350HAF6
        
          
          
        
        398479.41000000
        PA
        USD
        398991.46000000
        0.069586819918
        Long
        LON
        CORP
        US
        N
        2
        
          2024-06-23
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cincinnati Bell Inc
        549300JYVZOCUJOHL272
        Cincinnati Bell, Inc.
        171871AP1
        
          
        
        165000.00000000
        PA
        USD
        168131.70000000
        0.029323310154
        Long
        DBT
        CORP
        US
        Y
        2
        
          2024-07-15
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Beacon Roofing Supply In
        549300HDXQWWCBOYXP31
        Beacon Roofing Supply, Inc.
        073685AH2
        
          
        
        1500000.00000000
        PA
        USD
        1492500.00000000
        0.260302134608
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-05-15
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMCP Clean Acquisition Company LLC
        5493004SV2P71274QF78
        AMCP Clean Acquisition Company LLC, First Lien Delayed Draw Term Loan
        00165PAD7
        
          
        
        159263.52500000
        PA
        USD
        134577.68000000
        0.023471261222
        Long
        LON
        CORP
        US
        N
        2
        
          2025-07-10
          Floating
          4.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Magnite, Inc.
        54930018FR2YX1HHSB02
        Magnite, Inc., Initial Term Loan
        55955NAB4
        
          
        
        480576.69000000
        PA
        USD
        481778.13000000
        0.084025377317
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-01
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wheel Pros, Inc.
        N/A
        Wheel Pros, Inc., First Lien Initial Term Loan
        96289EAG4
        
          
        
        838497.99000000
        PA
        USD
        839193.94000000
        0.146361121562
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-11
          Floating
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sirius Xm Radio Inc
        WP5O65E6BMU84LNO4227
        Sirius XM Radio, Inc.
        82967NBC1
        
          
        
        500000.00000000
        PA
        USD
        541250.00000000
        0.094397675280
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-07-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Raptor Acq/raptor Co-iss
        549300T1YPGZ35J6JU13
        Raptor Acquisition Corp.
        75383KAA2
        
          
        
        280000.00000000
        PA
        USD
        286300.00000000
        0.049932664079
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-11-01
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National CineMedia LLC
        7LJEQIVQVLNGS4X6T547
        National CineMedia LLC, First Lien New Incremental Term Loan
        63530VAL2
        
          
        
        1637086.85000000
        PA
        USD
        1645272.28000000
        0.286946657618
        Long
        LON
        CORP
        US
        N
        3
        
          2024-12-20
          Floating
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Mendel Bidco, Inc., Term Loan
        N/A
        
          
        
        2715804.88000000
        PA
        USD
        2715804.88000000
        0.473654812358
        Long
        LON
        CORP
        US
        N
        3
        
          2027-06-17
          Floating
          4.64640000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mattress Firm, Inc.
        N/A
        Mattress Firm, Inc., First Lien -2021 Term Loan
        57723CAR0
        
          
        
        1308387.10000000
        PA
        USD
        1308393.64000000
        0.228192735276
        Long
        LON
        CORP
        US
        N
        2
        
          2028-09-25
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sound Point Clo Ltd
        549300UPX3H8ENJXHI23
        Sound Point CLO V-R, Ltd.
        83607EAG7
        
          
        
        450000.00000000
        PA
        USD
        433615.95000000
        0.075625566087
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-07-18
          Floating
          3.23390000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Air Canada
        4B4HI3CGXMBDC0G6BM51
        Air Canada, First Lien B Term Loan
        C0102MAP0
        
          
        
        308972.99000000
        PA
        USD
        310646.08000000
        0.054178785749
        Long
        LON
        CORP
        CA
        
        N
        2
        
          2028-08-11
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        AMI US Holdings Inc. Revolver Loan
        N/A
        
          
        
        145360.99000000
        PA
        USD
        145360.99000000
        0.025351943709
        Long
        LON
        CORP
        US
        N
        3
        
          2024-04-01
          Floating
          5.59580000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MH Sub I LLC
        N/A
        MH Sub I LLC, Second Lien 2021 Replacement Term Loan
        55303BAD5
        
          
        
        1465562.74000000
        PA
        USD
        1491437.25000000
        0.260116783792
        Long
        LON
        CORP
        US
        N
        2
        
          2029-02-23
          Floating
          6.33790000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Project Boost Purchaser LLC
        N/A
        Project Boost Purchaser LLC, Second Lien Term Loan
        N/A
        
          
        
        448768.05000000
        PA
        USD
        446524.21000000
        0.077876854283
        Long
        LON
        CORP
        US
        N
        3
        
          2027-05-31
          Floating
          8.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        MRH Trowe Beteiligungsgesellschaft mbH ACQ
        N/A
        
          
        
        2370000.00000000
        PA
        
        2717826.94000000
        0.474007473352
        Long
        LON
        CORP
        GE
        N
        3
        
          2028-07-26
          Fixed
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MetroNet Systems Holdings LLC
        549300V3JVIFMP2JGN73
        MetroNet Systems Holdings LLC, First Lien 2021 Term Loan
        59170BAH8
        
          
        
        421508.56000000
        PA
        USD
        423089.22000000
        0.073789632895
        Long
        LON
        CORP
        US
        N
        2
        
          2028-06-02
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        OneShield Partners LP
        N/A
        
          
        
        369887.94000000
        NS
        USD
        369887.94000000
        0.064510968407
        Long
        EP
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Frontier Communications
        549300ZCZ76HYCS0H445
        Frontier Communications Holdings LLC
        35906ABG2
        
          
        
        1207000.00000000
        PA
        USD
        1273680.72000000
        0.222138566315
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-05-01
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Compass III, Ltd.
        N/A
        Compass III, Ltd., First Lien Facility B2 Term Loan
        N/A
        
          
        
        671492.91000000
        PA
        
        779096.68000000
        0.135879751336
        Long
        LON
        CORP
        GB
        N
        2
        
          2025-05-09
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Euro Galaxy Clo Bv
        724500J5YR97FFRHVO54
        Euro-Galaxy IV CLO BV
        BCC3112Z1
        
          
        
        450000.00000000
        PA
        
        507743.35000000
        0.088553887998
        Long
        ABS-CBDO
        CORP
        NL
        Y
        2
        
          2034-07-30
          Floating
          8.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Mertus 522. GmbH, Acquisition/Capex Facility
        N/A
        
          
        
        467970.00000000
        PA
        
        536650.41000000
        0.093595475552
        Long
        LON
        CORP
        DE
        N
        3
        
          2026-05-28
          Floating
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Aristocrat Leisure, Ltd.
        549300FMN7FEICZ8D332
        Aristocrat Leisure, Ltd., First Lien Initial Term Loan
        04044PAH7
        
          
        
        278365.05000000
        PA
        USD
        280192.52000000
        0.048867478095
        Long
        LON
        CORP
        AU
        
        N
        2
        
          2024-10-19
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Connect Finco SARL
        2594001KNYIQ456J2792
        Connect Finco Sarl, First Lien Amendment No. 1 Refinancing Term Loan
        L2000DAD6
        
          
        
        1482487.48000000
        PA
        USD
        1485267.14000000
        0.259040674710
        Long
        LON
        CORP
        LU
        
        N
        2
        
          2026-12-11
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crown Finance US, Inc.
        N/A
        Crown Finance US, Inc., First Lien Initial B-1 Term Loan
        22834KAH4
        
          
        
        272434.29820000
        PA
        USD
        337592.41000000
        0.058878408677
        Long
        LON
        CORP
        US
        N
        2
        
          2024-05-23
          Floating
          15.25000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Premier Entertainment Su
        549300KRDMIL2NJVZ267
        Premier Entertainment Sub LLC / Premier Entertainment Finance Corp.
        74052HAA2
        
          
        
        2018000.00000000
        PA
        USD
        2040853.85000000
        0.355938769567
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-09-01
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Financiere Abra SAS
        N/A
        Financiere Abra SAS, Second Lien Facility Term Loan
        N/A
        
          
        
        500000.00000000
        PA
        
        580620.87000000
        0.101264222351
        Long
        LON
        CORP
        FR
        N
        2
        
          2026-10-23
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Australian Technology LTD, 2021 Term Loan
        N/A
        
          
        
        3519663.28000000
        PA
        
        2569988.80000000
        0.448223497862
        Long
        LON
        CORP
        AU
        N
        3
        
          2024-09-12
          Floating
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        GIACF Grammer Equity Holdings, LLC - Common Stock
        N/A
        
          
        
        84221.00000000
        NS
        USD
        76960.08000000
        0.013422360538
        Long
        EC
        CORP
        US
        Y
        3
        
          N
          N
          N
        
      
      
        Arcline FM Holdings LLC
        N/A
        Arcline FM Holdings LLC, First Lien Initial Term Loan
        03960DAB9
        
          
        
        752286.95000000
        PA
        USD
        754167.67000000
        0.131531962716
        Long
        LON
        CORP
        US
        N
        3
        
          2028-06-02
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Proofpoint, Inc.
        529900C5FODDK0WSR085
        Proofpoint, Inc., First Lien Initial Term Loan
        74345HAB7
        
          
        
        1014610.39000000
        PA
        USD
        1010551.95000000
        0.176247122089
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-31
          Floating
          3.80210000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: EUR 10/06/2021
        N/A
        
          
        
        1.00000000
        NC
        
        -6961958.00000000
        -1.21421274938
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -6010000.00000000
            EUR
            -7063373.00000000
            USD
            2021-10-06
            101415.00000000
          
        
        
          N
          N
          N
        
      
      
        Lpl Holdings Inc
        549300Z5YF8CCRMYUL26
        LPL Holdings, Inc.
        50212YAD6
        
          
        
        402000.00000000
        PA
        USD
        413416.80000000
        0.072102697167
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-03-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Padagis LLC
        N/A
        Padagis LLC, First Lien B Term Loan
        69526PAC8
        
          
        
        1066473.64000000
        PA
        USD
        1068473.28000000
        0.186348995347
        Long
        LON
        CORP
        US
        N
        3
        
          2028-07-06
          Floating
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lcm Investments Holdings
        549300P5V78NNQTG4428
        LCM Investments Holdings II LLC
        50190EAB0
        
          
        
        239000.00000000
        PA
        USD
        245529.48000000
        0.042822008544
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-05-01
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DIRECTV Financing LLC
        N/A
        DIRECTV Financing LLC, First Lien Closing Date Term Loan
        25460HAB8
        
          
        
        744930.79000000
        PA
        USD
        746249.32000000
        0.130150948707
        Long
        LON
        CORP
        US
        N
        2
        
          2027-08-02
          Floating
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Grammer Purchaser, Inc., First Lien Revolving Term Loan
        N/A
        
          
        
        90000.00000000
        PA
        USD
        90000.00000000
        0.015696611132
        Long
        LON
        CORP
        US
        N
        3
        
          2024-09-30
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AVSC Holding Corp.
        549300CLJBQ9YSR4U689
        AVSC Holding Corp., First Lien 2020 B-1 Term Loan
        00241YAT1
        
          
        
        2381961.91440000
        PA
        USD
        2136619.84000000
        0.372641008508
        Long
        LON
        CORP
        US
        N
        2
        
          2025-03-03
          Floating
          4.50000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Pennymac Fin Svcs Inc
        549300W1D516HBDEU871
        PennyMac Financial Services, Inc.
        70932MAB3
        
          
        
        948000.00000000
        PA
        USD
        903974.88000000
        0.157659357384
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-02-15
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        St Pauls Clo
        635400XNW8X824E1MY52
        St Paul's CLO VII DAC
        N/A
        
          
        
        750000.00000000
        PA
        
        855396.15000000
        0.149186897005
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-07-18
          Floating
          8.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cnx Midstream Part Lp
        N/A
        CNX Midstream Partners LP
        12654AAA9
        
          
        
        475000.00000000
        PA
        USD
        482944.38000000
        0.084228779236
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-04-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wolverine Escrow Llc
        529900P5VTXZS191P208
        Wolverine Escrow LLC
        97789LAB2
        
          
        
        1601000.00000000
        PA
        USD
        1480925.00000000
        0.258283376010
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-11-15
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Research Now Group, Inc.
        549300XTHJNIVC5Q8K50
        Research Now Group, Inc., Second Lien Term Loan
        76100LAL6
        
          
        
        2177805.08000000
        PA
        USD
        2161471.54000000
        0.376975313740
        Long
        LON
        CORP
        US
        N
        2
        
          2025-12-20
          Floating
          10.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Anchorage Credit Funding Ltd.
        549300N5JCR10GGBIT41
        Anchorage Credit Funding 13, Ltd.
        03290BAA6
        
          
        
        2300000.00000000
        PA
        USD
        2161507.80000000
        0.376981637730
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2039-07-27
          Fixed
          6.91700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Atlas CC Acquisition Corp.
        6HHLXIOGCDNZ4IRAIW26
        Atlas CC Acquisition Corp., First Lien C Term Loan
        04921TAC8
        
          
        
        144990.38000000
        PA
        USD
        145725.48000000
        0.025415513240
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-25
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Post Holdings Inc
        JM1I5YUAURL6DC8N1468
        Post Holdings, Inc.
        737446AR5
        
          
        
        1044000.00000000
        PA
        USD
        1032912.72000000
        0.180146992214
        Long
        DBT
        CORP
        US
        Y
        2
        
          2031-09-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cent Clo Lp
        5493007YZPNOMQEILE23
        Columbia Cent CLO 31, Ltd.
        19737NAA7
        
          
        
        400000.00000000
        PA
        USD
        393197.20000000
        0.068576261629
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2034-04-20
          Floating
          6.69740000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Altice Financing S.A.
        N/A
        Altice Financing S.A., First Lien October 2017 USD Term Loan
        L0178UAK2
        
          
        
        689260.94000000
        PA
        USD
        678749.71000000
        0.118378558377
        Long
        LON
        CORP
        LU
        N
        2
        
          2026-01-31
          Floating
          2.90040000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        V Global Holdings LLC
        N/A
        V Global Holdings LLC, First Lien Initial Term Loan
        91823CAC1
        
          
        
        2291132.81000000
        PA
        USD
        2291132.81000000
        0.399589119674
        Long
        LON
        CORP
        US
        N
        3
        
          2027-12-22
          Floating
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tempo Acquisition LLC
        549300VV0B2RPMHQGA61
        Tempo Acquisition LLC, First Lien Extended Term Loan
        88023HAD2
        
          
        
        1486405.09000000
        PA
        USD
        1491206.18000000
        0.260076483615
        Long
        LON
        CORP
        US
        N
        2
        
          2026-11-02
          Floating
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arbour Clo
        635400HO4JODKPRCB789
        Arbour CLO II DAC
        N/A
        
          
        
        500000.00000000
        PA
        
        579409.24000000
        0.101052905851
        Long
        ABS-CBDO
        CORP
        IE
        Y
        2
        
          2034-04-15
          Floating
          8.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lakeland Holdings LLC
        N/A
        Lakeland Holdings LLC, Holdco First Lien Term Loan
        N/A
        
          
        
        629754.95000000
        PA
        USD
        417738.50000000
        0.072856430993
        Long
        LON
        CORP
        US
        N
        2
        
          2027-09-25
          Floating
          13.25000000
          Y
          N
          Y
        
        
          N
          N
          N
        
      
      
        ThoughtWorks, Inc.
        N/A
        ThoughtWorks, Inc., First Lien Incremental Term Loan
        90010LAC6
        
          
        
        352877.52000000
        PA
        USD
        353207.46000000
        0.061601779428
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-24
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Contracts: EUR 10/06/2021
        N/A
        
          
        
        1.00000000
        NC
        
        -46926611.00000000
        -8.18431960686
        N/A
        DFE
        CORP
        N/A
        N
        2
        
          
            
              Bank of New York Mellon
              N/A
            
            -40510000.00000000
            EUR
            -48140666.00000000
            USD
            2021-10-06
            1214055.00000000
          
        
        
          N
          N
          N
        
      
      
        Pro Mach Group, Inc.
        5493008SZGSVUCSNB151
        Pro Mach Group, Inc., First Lien Delayed Draw Term Loan
        74273JAF0
        
          
        
        214913.56000000
        PA
        USD
        216141.79000000
        0.037696595856
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-31
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alta Mesa Hldgs/financ S
        HROZ6NCTLXP3O5I0RF49
        Alta Mesa Holdings LP
        021332AF8
        
          
        
        968000.00000000
        PA
        USD
        1936.00000000
        0.000337651546
        Long
        DBT
        CORP
        US
        N
        2
        
          2024-12-15
          Fixed
          7.87500000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Icg Us Clo Ltd
        25490037AMBNS8P47972
        ICG US CLO 2015-2R, Ltd.
        44933BAA3
        
          
        
        600000.00000000
        PA
        USD
        571951.80000000
        0.099752277677
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2033-01-16
          Floating
          7.17360000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Kellstrom Aerospace Group, Inc.
        N/A
        
          
        
        107.23000000
        NS
        USD
        73538.58000000
        0.012825627705
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Altice Financing S.A.
        549300DIYGW8HVDF7Q17
        Altice Financing S.A., First Lien March 2017 Refinancing Term Loan
        L0178UAG1
        
          
        
        956125.76000000
        PA
        USD
        942481.85000000
        0.164375234428
        Long
        LON
        CORP
        LU
        
        N
        2
        
          2025-07-15
          Floating
          2.87610000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ishares Iboxx High Yield Corporate Bond Etf
        5493000860OXIC4B5K91
        iShares iBoxx High Yield Corporate Bond ETF
        464288513
        
          
        
        30915.00000000
        NS
        USD
        2704753.35000000
        0.471727350482
        Long
        EC
        RF
        US
        N
        1
        
          N
          N
          N
        
      
      
        Largan Precision Co Ltd
        N/A
        American Consolidated Natural Resources, Inc.
        N/A
        
          
        
        2639.00000000
        NS
        USD
        105560.00000000
        0.018410380790
        Long
        EC
        CORP
        US
        N
        2
        
          N
          N
          N
        
      
      
        N/A
        N/A
        AMI US Holdings Inc. Term Loan
        N/A
        
          
        
        1079858.91000000
        PA
        USD
        1079858.91000000
        0.188334726532
        Long
        LON
        CORP
        US
        N
        3
        
          2025-04-01
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Virgin Media Ireland, Ltd.
        213800K1R3GMY77CNR32
        Virgin Media Ireland, Ltd., First Lien Facility B1 Term Loan
        G9463MAB1
        
          
        
        893223.82000000
        PA
        
        1032204.81000000
        0.180023527903
        Long
        LON
        CORP
        IE
        N
        2
        
          2029-06-17
          Floating
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Voya Clo Ltd
        549300001G5S0D8B8343
        Voya CLO 2016-3, Ltd.
        92915KAE6
        
          
        
        250000.00000000
        PA
        USD
        230199.25000000
        0.040148312335
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2031-10-18
          Floating
          6.26970000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ozlm Ltd
        5493002HF6D1C4B1AK86
        OZLM XXI, Ltd.
        67112EAA1
        
          
        
        300000.00000000
        PA
        USD
        283402.80000000
        0.049427372726
        Long
        ABS-CBDO
        CORP
        KY
        
        Y
        2
        
          2031-01-20
          Floating
          5.67430000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HighTower Holding LLC
        N/A
        HighTower Holdings LLC, First Lien Initial Term Loan
        43117LAG8
        
          
        
        606875.09000000
        PA
        USD
        607727.75000000
        0.105991846288
        Long
        LON
        CORP
        US
        N
        2
        
          2028-04-21
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Monotype Imaging Holdings, Inc.
        5299007REVJB2Z6GIU09
        Monotype Imaging Holdings, Inc., First Lien Term Loan
        61022YAC5
        
          
        
        2152067.16510000
        PA
        USD
        2153864.14000000
        0.375648531523
        Long
        LON
        CORP
        US
        N
        2
        
          2026-10-09
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Northwoods Capital Ltd
        N/A
        Northwoods Capital XVIII, Ltd.
        66860NAA7
        
          
        
        400000.00000000
        PA
        USD
        377743.60000000
        0.065881048854
        Long
        ABS-CBDO
        CORP
        KY
        Y
        2
        
          2032-05-20
          Floating
          6.71090000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BCP Renaissance Parent LLC
        549300GVXMQFQZDSJR97
        BCP Renaissance Parent LLC, First Lien Initial Term Loan
        05549PAB7
        
          
          
        
        10836.17000000
        PA
        USD
        10763.03000000
        0.001877145516
        Long
        LON
        CORP
        US
        N
        2
        
          2024-10-31
          Floating
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Thrasio LLC
        N/A
        Thrasio, LLC, Initial Delayed Draw Term Loan
        88552XAD6
        
          
        
        1633201.27000000
        PA
        USD
        1633201.27000000
        0.284841391508
        Long
        LON
        CORP
        US
        N
        3
        
          2026-12-18
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Look Vision Group, Inc.
        N/A
        New Look Vision Group, Inc., First Lien Canadian Revolving Term Loan
        N/A
        
          
        
        338000.00000000
        PA
        
        262853.31000000
        0.045843402131
        Long
        LON
        CORP
        CA
        N
        3
        
          2026-05-26
          Floating
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MA Financeco. LLC
        N/A
        MA Financeco. LLC, First Lien Tranche B-3 Term Loan
        55280FAG6
        
          
        
        70153.16000000
        PA
        USD
        69637.89000000
        0.012145320882
        Long
        LON
        CORP
        US
        N
        2
        
          2024-06-21
          Floating
          2.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Frontera Holdings
        N/A
        New Frontera Holdings LLC, First Lien Term Loan
        64440DAB1
        
          
        
        922158.21000000
        PA
        USD
        986709.28000000
        0.172088798540
        Long
        LON
        CORP
        US
        N
        3
        
          2026-07-28
          Floating
          16.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Gainwell Acquisition Corp.
        N/A
        Milano Acquisition Corp., First Lien B Term Loan
        59909TAC8
        
          
        
        1438014.80980000
        PA
        USD
        1443407.36000000
        0.251740044835
        Long
        LON
        CORP
        US
        N
        2
        
          2027-10-01
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HURTIGRUTEN GROUP AS
        N/A
        Hurtigruten Group AS, First Lien Term Loan
        N/A
        
          
        
        953442.59000000
        PA
        
        1104140.19000000
        0.192569546642
        Long
        LON
        CORP
        NO
        N
        2
        
          2023-06-11
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Electronics for Imaging, Inc.
        549300PN42C4XYPSEV84
        Electronics for Imaging, Inc., Second Lien Initial Term Loan
        28608EAB2
        
          
        
        2057305.10000000
        PA
        USD
        1800141.96000000
        0.313956981431
        Long
        LON
        CORP
        US
        N
        3
        
          2027-07-23
          Floating
          9.08460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tempur Sealy Intl Inc
        549300HFEKVR3US71V91
        Tempur Sealy International, Inc.
        88023UAH4
        
          
        
        817000.00000000
        PA
        USD
        842531.25000000
        0.146943171088
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sparta U.S. Holdco LLC
        N/A
        Sparta U.S. Holdco LLC, First Lien Initial Term Loan
        84673EAB5
        
          
        
        357582.28000000
        PA
        USD
        358699.72000000
        0.062559666867
        Long
        LON
        CORP
        US
        N
        2
        
          2028-08-02
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hightower Holding Llc
        N/A
        HighTower Holding LLC
        43118DAA8
        
          
        
        1059000.00000000
        PA
        USD
        1086798.75000000
        0.189545081752
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Horizon Telcom, Inc., First Lien Revolving Term Loan
        44054PAB3
        
          
        
        5793.10000000
        PA
        USD
        5735.17000000
        0.001000252591
        Long
        LON
        CORP
        US
        N
        3
        
          2023-06-15
          Floating
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Quidditch Acquisition, Inc.
        N/A
        Quidditch Acquisition, Inc., First Lien B Term Loan
        74840UAC6
        
          
          
        
        3493300.10190000
        PA
        USD
        3440918.07000000
        0.600119476471
        Long
        LON
        CORP
        US
        N
        2
        
          2025-03-21
          Floating
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CMI Marketing, Inc.
        2549008V69JBBIX9J563
        CMI Marketing, Inc., First Lien Initial Term Loan
        12576LAF9
        
          
        
        1251911.12000000
        PA
        USD
        1262865.34000000
        0.220252290603
        Long
        LON
        CORP
        US
        N
        3
        
          2028-03-23
          Floating
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        PacificCo
        N/A
        
          
        
        1260.00000000
        NS
        USD
        5040.00000000
        0.000879010223
        Long
        EC
        CORP
        US
        N
        2
        
          N
          N
          N
        
      
      
        Group 1 Automotive Inc
        549300US8QAZJLWYAF63
        Group 1 Automotive, Inc.
        398905AN9
        
          
        
        707000.00000000
        PA
        USD
        720256.25000000
        0.125617580797
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-08-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Technicolor Sa
        4N6SD705LP5XZKA2A097
        Technicolor USA, Inc.
        F9062J173
        
          
        
        303315.00000000
        NS
        
        1029436.99000000
        0.179540801301
        Long
        EC
        CORP
        FR
        N
        1
        
          N
          N
          N
        
      
      
        Aag Fh Lp/aag Fh Finco
        N/A
        AAG FH LP
        00033AAA6
        
          
        
        1303000.00000000
        PA
        USD
        1297911.79000000
        0.226364629461
        Long
        DBT
        CORP
        CA
        Y
        2
        
          2024-07-15
          Fixed
          9.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Endurance International Group Holdings, Inc.
        N/A
        Endurance International Group Holdings, Inc., First Lien Initial Term Loan
        29279UAB2
        
          
        
        567377.52000000
        PA
        USD
        565178.93000000
        0.098571043158
        Long
        LON
        CORP
        US
        N
        2
        
          2028-02-10
          Floating
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RVR Dealership Holdings LLC
        549300UZV72O3371JJ53
        RVR Dealership Holdings LLC, First Lien B Term Loan
        75001CAB0
        
          
        
        923619.01000000
        PA
        USD
        923619.01000000
        0.161085427047
        Long
        LON
        CORP
        US
        N
        2
        
          2028-02-08
          Floating
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alliant Holdings Intermediate LLC
        5493006Q26653NF8SI73
        Alliant Holdings Intermediate LLC, First Lien 2019 New Term Loan
        01881UAF2
        
          
        
        764454.36000000
        PA
        USD
        759806.48000000
        0.132515409469
        Long
        LON
        CORP
        US
        N
        2
        
          2025-05-09
          Floating
          3.33460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jazz Acquisition, Inc.
        549300L8N9LERNS63192
        Jazz Acquisition, Inc., First Lien Initial Term Loan
        47214DAK0
        
          
        
        801913.12930000
        PA
        USD
        782081.82000000
        0.136400380023
        Long
        LON
        CORP
        US
        N
        2
        
          2026-06-19
          Floating
          4.33000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Boxer Parent Company, Inc.
        5493006T045HLTF7YX04
        Boxer Parent Company, Inc., First Lien 2021 Replacement Dollar Term Loan
        05988HAE7
        
          
        
        1922320.78000000
        PA
        USD
        1914314.31000000
        0.333869414542
        Long
        LON
        CORP
        US
        N
        2
        
          2025-10-02
          Floating
          3.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ABG Intermediate Holdings 2 LLC
        54930020NXD0RJB64985
        ABG Intermediate Holdings 2 LLC, First Lien 2021 Refinancing Term Loan
        00076VAW0
        
          
        
        237940.63000000
        PA
        USD
        237940.63000000
        0.041498461573
        Long
        LON
        CORP
        US
        N
        2
        
          2024-09-27
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Utimaco Management GMBH, Facility C1
        N/A
        
          
        
        2786275.00000000
        PA
        
        3227470.17000000
        0.562892713324
        Long
        LON
        CORP
        DE
        N
        3
        
          2027-08-09
          Floating
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nesco Holdings Ii Inc
        254900FAHT0HW9T6L409
        NESCO Holdings II, Inc.
        64083YAA9
        
          
        
        617000.00000000
        PA
        USD
        640723.65000000
        0.111746555302
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DRW Holdings LLC
        549300W696CUHX8SLK40
        DRW Holdings LLC, First Lien Initial Term Loan
        23343HAD2
        
          
        
        1123281.66000000
        PA
        USD
        1121175.51000000
        0.195540622126
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-01
          Floating
          3.83460000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lakeland Tours LLC
        549300VLJEZFBNDIUO73
        Lakeland Tours LLC, Priority Exit (New Money DIP) Term Loan
        51187GAP7
        
          
        
        269332.64470000
        PA
        USD
        272868.98000000
        0.047590202989
        Long
        LON
        CORP
        US
        N
        2
        
          2023-09-25
          Floating
          13.25000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
    
    
      2021-10-30
      GRIFFIN INSTITUTIONAL ACCESS CREDIT FUND
      Joseph Miller
      Joseph Miller
      Treasurer (Principal Financial Officer)
    
  
  XXXX




GRIFFIN INSTITUTIONAL ACCESS CREDIT FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2021 (Unaudited)

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
BANK LOANS (77.25%)(b)        
         
AEROSPACE & DEFENSE (5.50%)                        
Arcline FM Holdings LLC, First Lien Initial Term Loan(c)(p)  United States  3M US L + 4.75%   5.50%  06/23/28  $752,287   $754,168 
Dynasty Acquisition Co., Inc., First Lien 2020 B-1 Term Loan  United States  3M US L + 3.50%   3.63%  04/06/26   958,524    939,578 
Dynasty Acquisition Co., Inc., First Lien 2020 B-2 Term Loan  United States  3M US L + 3.50%   3.63%  04/06/26   515,335    505,150 
Fairbanks Morse Defense, Second Lien Term Loan(c)  United States  3M US L + 8.25%   9.00%  06/15/29   2,158,322    2,169,112 
Forming Machining Industries Holdings LLC, First Lien Initial Term Loan  United States  3M US L + 4.25%   4.38%  10/09/25   681,827    634,783 
Forming Machining Industries Holdings LLC, Second Lien Initial Term Loan(c)  United States  3M US L + 8.25%   8.38%  10/09/26   310,000    275,900 
Jazz Acquisition, Inc., First Lien Initial Term Loan  United States  1M US L + 4.25%   4.33%  06/19/26   799,873    780,092 
Jazz Acquisition, Inc., Second Lien Initial Term Loan  United States  1M US L + 8.00%   8.08%  06/18/27   1,058,702    976,652 
Kellstrom Commercial Aerospace, Inc. - Initial Term Loan(c)  United States  3M US L + 5.50%   6.50%  07/01/25   2,241,783    2,107,276 
Kellstrom Commercial Aerospace, Inc. - Revolver(c)(d)  United States  1M US L + 5.50%   6.50%  07/01/25   361,314    339,635 
MB Aerospace Holdings II Corp., First Lien Initial Term Loan  United States  3M US L + 3.50%   4.50%  01/22/25   2,613,151    2,440,030 
MRO Holdings, Inc., First Lien Initial Term Loan  United States  3M US L + 5.00%   5.14%  06/04/26   1,003,918    1,006,222 
Nordam Group LLC, First Lien Initial Term Loan  United States  1M US L + 5.50%   5.63%  04/09/26   1,102,993    1,046,464 
Novaria Holdings LLC, First Lien Initial Term Loan  United States  3M US L + 5.50%   6.50%  01/27/27   1,529,176    1,503,684 
Peraton Corp., First Lien B Term Loan(p)  United States  1M US L + 3.75%   4.50%  02/01/28   1,692,947    1,696,917 
Peraton Corp., Second Lien B-1 Term Loan  United States  1M US L + 7.75%   8.50%  02/01/29   541,097    553,271 
PICP Project Sprint Intermediate II LLC(c)(e)(f)  United States      26.00%  10/15/21   634,281    353,612 
Sprint Intermediate Holding I Term Loan(c)(e)(f)  United States      18.00%  06/30/26   2,275,584    2,304,029 
Turbocombustor Technology, Inc., First Lien Term Loan(c)(e)  United States  1M US L + 10.25%   11.25%  07/15/27   2,992,556    2,992,556 
Vectra Co., First Lien Initial Term Loan(p)  United States  1M US L + 3.25%   3.33%  03/08/25   1,224,071    1,202,956 
Whitcraft LLC, First Lien Initial Term Loan(c)  United States  3M US L + 6.00%   7.00%  04/03/23   3,489,208    3,323,471 
Whitcraft LLC, First Lien Revolving Term Loan(c)(d)  United States  L + 0.50%       04/03/23   158,575    151,042 
WP CPP Holdings LLC, First Lien Initial Term Loan  United States  3M US L + 3.75%   4.75%  04/30/25   2,585,504    2,523,284 
WP CPP Holdings LLC, Second Lien Initial Term Loan  United States  3M US L + 7.75%   8.75%  04/30/26   1,267,182    1,252,533 
                       31,832,417 
AUTOMOTIVE (2.03%)                        
BTM Comms Jersey Limited(c)  Israel  6M US L + 6.00%   6.50%  05/12/28   1,509,000    1,509,000 
CST Buyer Company, First Lien Tranche B Term Loan(c)  United States  3M US L + 6.00%   7.00%  10/03/25   4,634,444    4,634,444 
CST Buyer Company, Revolving Credit Facility Term Loan(c)(d)  United States   L + 0.50%       10/03/25   233,472    233,472 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
AUTOMOTIVE (continued)                        
Mavis Tire Express Services Topco Corp., First Lien Initial Term Loan(p)  United States  1M US L + 4.00%   4.75%  05/04/28  $1,894,846   $1,901,629 
Midas Intermediate Holdco II LLC, First Lien Closing Date Term Loan  United States  3M US L + 7.50%   8.50%  12/22/25   2,305,478    2,206,977 
Truck Hero, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 3.25%   4.00%  01/31/28   398,417    398,085 
Wheel Pros, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 4.50%   5.25%  05/11/28   838,498    839,194 
                       11,722,801 
BANKING (0.10%)                        
Paysafe Group Holdings II, Ltd., First Lien Facility B1 Term Loan(g)(p)  United States  3M US L + 2.75%   3.25%  06/28/28   577,698    572,499 
                         
BEVERAGE, FOOD, & TOBACCO (1.35%)                  
Cookie Acquisition SAS, First Lien Facility B Term Loan(g)  France  L + 4.00%       02/15/27  795,412    890,842 
Froneri International, Ltd., First Lien Facility B1 Term Loan  United Kingdom  3M EUR L + 2.38%   2.38%  01/29/27   650,024    737,736 
H-Food Holdings LLC, First Lien Initial Term Loan(p)  United States  1M US L + 3.69%   3.77%  05/23/25  $1,522,680    1,520,464 
MIC Glen LLC, First Lien Initial Term Loan(p)  United States  3M US L + 3.50%   4.00%  07/21/28   281,616    280,525 
Quidditch Acquisition, Inc., First Lien B Term Loan  United States  1M US L + 7.00%   8.00%  03/21/25   3,484,273    3,432,027 
Sigma Holdco B.V., First Lien Facility B2 Term Loan(p)  Netherlands  6M US L + 3.00%   3.16%  07/02/25   977,119    962,159 
                       7,823,753 
CAPITAL EQUIPMENT (5.22%)                  
10945048 Canada, Inc., Second Lien Term Loan(c)  Canada  3M CDOR + 8.00%   9.00%  09/21/26   CAD   1,585,500      1,251,777 
ACProducts Holdings, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 4.25%   4.75%  05/17/28  $247,414    247,326 
ASP Unifrax Holdings, Inc., First Lien EUR Term Loan  United States  3M EUR L + 3.75%   3.75%  12/12/25  615,277    699,340 
ASP Unifrax Holdings, Inc., First Lien USD Term Loan  United States  3M US L + 3.75%   3.88%  12/12/25  $1,467,283    1,452,309 
ASP Unifrax Holdings, Inc., Second Lien Term Loan  United States  1M US L + 8.50%   8.58%  12/14/26   917,431    909,404 
Avaya, Inc., First Lien Tranche B-2 Term Loan(p)  United States  1M US L + 4.00%   4.08%  12/15/27   495,170    496,374 
Blackbird Purchaser, Inc., Second Lien Incremental Term Loan(c)  United States  3M US L + 8.50%   8.63%  04/08/27   1,418,860    1,376,294 
C&D Technologies, Inc., First Lien B Term Loan  United States  1M US L + 5.75%   5.83%  12/20/25   1,700,200    1,681,081 
Cohu, Inc., First Lien Initial B Term Loan(p)  United States  3M US L + 3.00%   3.17%  10/01/25   293,842    293,201 
Crosby Group LLC, First Lien Initial Term Loan(p)  United States  1M US L + 4.75%   4.83%  06/26/26   869,177    869,990 
Electronics for Imaging, Inc., First Lien Initial Term Loan  United States  1M US L + 5.00%   5.08%  07/23/26   1,223,842    1,158,158 
Electronics for Imaging, Inc., Second Lien Initial Term Loan(c)  United States  1M US L + 9.00%   9.08%  07/23/27   2,057,305    1,851,575 
Engineered Components and Systems LLC, First Lien Delayed Draw Term Loan(c)(d)(p)  United States  L + 3.00%       08/02/28   179,478    179,702 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
CAPITAL EQUIPMENT (continued)        
Engineered Components and Systems LLC, First Lien Initial Term Loan(c)(p)  United States  1M US L + 6.00%   6.50%  08/02/28  $603,046   $603,800 
Engineered Controls Intl, LLC, Term Loan(c)  United States  3M US L + 7.00%   8.50%  11/05/24   4,993,326    5,043,259 
Engineered Machinery Holdings, Inc., Second Lien Incremental Amendment No. 2 Term Loan  United States  3M US L + 6.50%   7.25%  05/21/29   2,204,586    2,229,387 
Esdec Solar Group B.V., First Lien Initial Term Loan(c)(p)  Netherlands  3M US L + 5.00%   5.75%  08/30/28   630,998    632,575 
Excelitas Technologies Corp., First Lien Initial USD Term Loan(c)(p)  United States  3M US L + 3.50%   4.50%  12/02/24   489,556    492,004 
LEB Holdings , Inc., First Lien Initial Term Loan(p)  United States  3M US L + 3.75%   4.50%  11/02/27   261,528    262,618 
Logoplaste Parent SARL, First Lien Facility B Term Loan(p)  Luxembourg  1M US L + 4.25%   4.75%  04/20/28   522,193    522,193 
Maravai Intermediate Holdings LLC, First Lien Initial Term Loan(p)  United States  1M US L + 3.75%   4.75%  10/19/27   418,020    419,719 
Ohio Transmission Corporation, Term Loan(c)  United States  3M US L + 8.50%   8.63%  04/09/27   1,961,592    1,902,744 
Rackspace Technology Global, Inc., First Lien 2021 B Term Loan(p)  United States  3M US L + 2.75%   3.50%  02/15/28   1,483,271    1,474,172 
Shape Technologies Group, Inc., First Lien Initial Term Loan  United States  1M US L + 3.00%   3.08%  04/21/25   1,694,900    1,579,291 
Watlow Electric Manufacturing Company, First Lien Initial Term Loan(p)  United States  3M US L + 4.00%   4.50%  03/02/28   669,068    671,995 
WireCo WorldGroup, Inc., First Lien Initial Term Loan  United States  3M US L + 5.00%   6.00%  09/29/23   1,869,647    1,873,536 
                       30,173,824 
CHEMICALS, PLASTICS, & RUBBER (2.25%)                  
Ascend Performance Materials Operations LLC, First Lien 2021 Refinancing Term Loan(p)  United States  3M US L + 4.75%   5.50%  08/27/26   1,930,564    1,956,356 
ASK Chemicals International Holding GmbH, First Lien Facility B Term Loan  Germany  6M EUR L + 5.50%   5.50%  05/12/23  1,000,000    1,106,944 
ASP Chromaflo Intermediate Holdings, Inc., First Lien Initial Tranche B-1 Term Loan(c)(p)  United States  1M US L + 3.50%   4.50%  11/20/23  $213,745    214,280 
ASP Chromaflo Intermediate Holdings, Inc., First Lien Initial Tranche B-2 Term Loan(c)(p)  United States  1M US L + 3.50%   4.50%  11/20/23   278,867    279,565 
CPC Acquisition Corp., First Lien Initial Term Loan(p)  United States  3M US L + 3.75%   4.50%  12/29/27   490,728    491,138 
CPC Acquisition Corp., Second Lien Initial Term Loan  United States  3M US L + 7.75%   8.50%  12/29/28   924,085    931,016 
LSF11 Skyscraper Holdco SARL, First Lien Facility B3 Term Loan(p)  Luxembourg  6M US L + 3.50%   4.25%  09/29/27   652,645    654,280 
Nouryon Finance B.V., First Lien Initial Dollar Term Loan(p)  United States  1M US L + 2.75%   2.83%  10/01/25   1,425,940    1,418,275 
Plaskolite PPC Intermediate II LLC, First Lien 2021-1 Refinancing Term Loan(p)  United States  3M US L + 4.00%   4.75%  12/15/25   677,038    678,944 
Solenis International LP, First Lien B Term Loan(g)(p)  United States  L + 3.75%       09/15/28   640,820    640,753 
Sparta U.S. Holdco LLC, First Lien Initial Term Loan(p)  United States  3M US L + 3.50%   4.25%  08/02/28   357,582    358,700 
V Global Holdings LLC, First Lien Initial Term Loan(c)  United States  1M US L + 6.00%   7.00%  12/22/27   2,285,391    2,285,391 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
CHEMICALS, PLASTICS, & RUBBER (continued)        
V Global Holdings LLC, Revolving Credit, First Lien Term Loan(c)(g)  United States  L + 6.00%       12/22/25  $371,009   $371,009 
Venator Finance SARL, First Lien Initial Term Loan(p)  Luxembourg  1M US L + 3.00%   3.08%  08/08/24   1,175,283    1,161,820 
W. R. Grace Holdings LLC, First Lien Initial Term Loan(g)(p)  United States  L + 3.75%       08/11/28   480,094    482,420 
                       13,030,891 
CONSTRUCTION & BUILDING (2.07%)                  
Aegion Corp., First Lien Initial Term Loan(p)  United States  3M US L + 4.75%   5.50%  05/17/28   532,316    536,973 
Crown Subsea Communications Holding, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 5.00%   5.75%  04/27/27   749,683    757,180 
LSF10 XL Bidco S.C.A., First Lien Facility B4 Term Loan  Luxembourg  3M EUR L + 4.25%   4.25%  04/12/28  1,500,000    1,743,496 
Playpower, Inc., First Lien Initial Term Loan(g)(p)  United States  3M US L + 5.50%   5.63%  05/08/26  $2,265,522    2,239,095 
Recess Holdings, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 3.75%   4.75%  09/30/24   1,979,381    1,975,264 
Sequa Mezzanine Holdings LLC, First Lien Extended Term Loan  United States  3M US L + 6.75%   7.75%  11/28/23   2,368,041    2,406,900 
TAMKO Building Products LLC, First Lien Initial Term Loan(p)  United States  2M US L + 3.00%   3.10%  05/29/26   108,757    108,485 
Wilsonart LLC, First Lien Tranche E Term Loan(p)  United States  3M US L + 3.50%   4.50%  12/31/26   1,335,992    1,338,497 
Yak Access LLC, Second Lien Initial Term Loan  United States  3M US L + 10.00%   10.13%  07/10/26   1,250,000    889,844 
                       11,995,734 
CONSUMER GOODS: DURABLE (2.03%)                  
Amer Sports Holding Oy, First Lien Facility B Term Loan  Finland  6M EUR L + 4.50%   4.50%  03/30/26  812,416    943,515 
Auris Luxembourg III SARL, First Lien Facility B1A Term Loan  Denmark  6M EUR L + 4.00%   4.00%  02/27/26   795,720    921,336 
Auris Luxembourg III SARL, First Lien Facility B2 Term Loan(p)  Denmark  1M US L + 3.75%   3.83%  02/27/26  $1,125,063    1,116,980 
Conair Holdings LLC, First Lien Initial Term Loan(p)  United States  3M US L + 3.75%   4.25%  05/17/28   593,753    594,928 
Harbor Freight Tools USA, Inc., First Lien Initial (2021) Term Loan(p)  United States  1M US L + 2.75%   3.25%  10/19/27   2,131,106    2,132,534 
Lakeshore Learning Materials, First Lien Term Loan(c)(g)(p)  United States  L + 3.50%       09/29/28   360,352    360,352 
New Milani Group LLC, First Lien Term Loan(c)  United States  3M US L + 6.50%   7.50%  06/06/24   774,000    735,300 
TLC Purchaser, Inc. Delayed Draw Term Loan(c)(d)  United States  L + 0.50%       10/13/25   623,197    548,413 
TLC Purchaser, Inc. Revolver Loan(c)(d)  United States  PRIME + 4.75%   8.00%  10/13/25   778,763    685,311 
TLC Purchaser, Inc. Term Loan B(c)  United States  3M US L + 5.75%   6.75%  10/13/25   3,611,690    3,178,288 
VC GB Holdings I Corp, First Lien Initial Term Loan(p)  United States  3M US L + 3.50%   4.00%  07/21/28   518,888    519,321 
                       11,736,278 
CONSUMER GOODS: NON-DURABLE (0.82%)                  
ABG Intermediate Holdings 2 LLC, First Lien 2021 Refinancing Term Loan(p)  United States  3M US L + 3.25%   4.00%  09/27/24   237,941    237,941 
FL Hawk Intermediate Holdings, Inc. Term Loan(c)  United States  3M US L + 9.00%   10.00%  08/22/28   924,225    924,225 

 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
CONSUMER GOODS: NON-DURABLE (continued)        
Kronos Acquisition Holdings, Inc., First Lien Tranche B-1 Term Loan(p)  Canada  3M US L + 3.75%   4.25%  12/22/26  $665,541   $650,926 
New Era Cap Co., Inc., First Lien A Term Loan(c)  United States  1M US L + 6.50%   7.50%  09/10/23   1,749,264    1,801,741 
Plaze, Inc., First Lien 2021-1 Term Loan(p)  United States  1M US L + 3.75%   4.50%  08/03/26   620,313    620,573 
Plaze, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 3.50%   3.58%  08/03/26   491,250    489,103 
                       4,724,509 
CONTAINERS, PACKAGING, & GLASS (1.87%)                  
Anchor Packaging LLC, First Lien Initial Term Loan(p)  United States  1M US L + 4.00%   4.08%  07/18/26   507,730    508,050 
Flex Acquisition Company, Inc., First Lien 2021 Specified Refinancing Term Loan(p)  United States  3M US L + 3.50%   4.00%  03/02/28   28,809    28,787 
Jadex, Inc., First Lien 2021 Refinancing Term Loan(p)  United States  1M US L + 4.75%   5.50%  02/18/28   1,283,047    1,272,892 
Mauser Packaging Solutions Holding Company, First Lien Initial Term Loan(p)  United States  1M US L + 3.25%   3.33%  04/03/24   1,610,033    1,579,716 
Pactiv Evergreen, Inc., First Lien Tranche B-3 U.S. Term Loan(g)(p)  United States  1M US L + 3.50%   4.00%  09/24/28   378,186    378,186 
Pretium PKG Holdings, Inc., First Lien Initial Term Loan(g)(p)  United States  L + 4.00%       10/02/28   301,226    301,957 
Pro Mach Group, Inc., First Lien Closing Date Initial Term Loan(p)  United States  1M US L + 4.00%   5.00%  08/31/28   1,323,868    1,331,434 
Pro Mach Group, Inc., First Lien Delayed Draw Term Loan(d)(g)(p)  United States  L + 4.00%       08/31/28   214,914    216,142 
ProAmpac PG Borrower LLC, First Lien 2020-1 Term Loan(p)  United States  3M US L + 3.75%   4.50%  11/03/25   647,052    649,074 
Technimark LLC, First Lien Initial Term Loan(p)  United States  3M US L + 3.75%   4.25%  07/09/28   376,530    376,059 
Tekni-Plex, Inc., First Lien Tranche B-3 Initial Term Loan(p)  United States  3M US L + 4.00%   4.50%  07/31/28   432,314    433,574 
Tricorbraun Holdings, Inc., First Lien Closing Date Initial Term Loan(p)  United States  1M US L + 3.25%   3.75%  03/03/28   862,925    859,262 
Tricorbraun Holdings, Inc., First Lien Delayed Draw Term Loan(d)(p)  United States  1M US L + 3.25%   3.75%  03/03/28   194,418    193,592 
Trident TPI Holdings, Inc., First Lien Delayed Draw Term Loan(d)(p)  United States   L + 2.00%       07/31/28   61,321    61,500 
Trident TPI Holdings, Inc., First Lien Term Loan(g)  United States  L + 3.25%       10/17/24  531,290    608,882 
Trident TPI Holdings, Inc., First Lien Tranche B-1 Term Loan(p)  United States  3M US L + 3.00%   4.00%  10/17/24  $552,094    552,400 
Valcour Packaging, LLC Term Loan, First Lien Term Loan(c)(g)(p)  United States  L + 3.75%       09/29/28   406,606    404,573 
Valcour Packaging, LLC Term Loan, Second Lien Term Loan(c)(g)  United States  L + 7.00%       10/01/29   1,057,166    1,046,594 
                       10,802,674 
ENERGY: OIL & GAS (0.72%)                  
AMH Litigation Trust Initial Loan(c)(f)  United States          06/06/25   1,044    1,044 
BlackBrush Oil & Gas LP, First Lien Term Loan(c)(e)  United States  3M US L + 7.00%   8.00%  09/01/25   823,383    823,383 
Lower Cadence Holdings LLC, First Lien Initial Term Loan  United States  1M US L + 4.00%   4.09%  05/22/26   887,784    888,263 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
ENERGY: OIL & GAS (continued)        
Oryx Midstream Services Permian Basin, LLC Term Loan B, First Lien Term Loan(c)(g)(p)  United States  L + 3.25%       09/29/28  $1,040,514   $1,035,311 
Oxbow Carbon LLC, First Lien Term Loan(p)  United States  1M US L + 4.25%   5.00%  10/19/25   1,412,217    1,420,168 
                       4,168,169 
ENVIRONMENTAL INDUSTRIES (0.32%)                  
Urbaser, S.A. Term Loan B, First Lien Term Loan(g)  Luxembourg  L + 4.75%       10/02/28  1,209,650    1,389,514 
WIN Waste Innovations Holdings, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 2.75%   3.25%  03/24/28  $464,283    464,671 
                       1,854,185 
FIRE: FINANCE (1.83%)(p)                        
Advisor Group Holdings, Inc., First Lien B-1 Term Loan  United States  1M US L + 4.50%   4.58%  07/31/26   1,660,043    1,664,849 
Cast & Crew Payroll LLC, First Lien Initial Term Loan  United States  1M US L + 3.75%   3.83%  02/09/26   739,566    737,665 
Claros Mortgage Trust, Inc., First Lien Initial Term Loan(c)  United States  1M US L + 5.00%   6.00%  08/09/26   2,052,597    2,062,860 
DRW Holdings LLC, First Lien Initial Term Loan  United States  1M US L + 3.75%   3.83%  03/01/28   1,123,282    1,121,176 
Fiserv Investment Solutions, Inc., First Lien Initial Term Loan  United States  3M US L + 4.00%   4.12%  02/18/27   311,617    312,444 
HighTower Holdings LLC, Delayed Draw Term Loan(d)  United States  L + 4.00%       04/16/28   127,316    127,495 
HighTower Holdings LLC, First Lien Initial Term Loan  United States  3M US L + 4.00%   4.75%  04/21/28   606,875    607,728 
Hudson River Trading LLC, First Lien Term Loan  United States  1M US L + 3.00%   3.08%  03/20/28   1,980,314    1,971,828 
ION Trading Finance, Ltd., First Lien Initial Dollar (2021) Term Loan  Ireland  3M US L + 4.75%   4.92%  04/01/28   1,976,506    1,982,939 
                       10,588,984 
FIRE: INSURANCE (1.57%)                        
Hub International, Ltd., First Lien Initial Term Loan(p)  United States  3M US L + 2.75%   2.88%  04/25/25   1,635,917    1,622,036 
MRH Trowe Beteiligungsgesellschaft mbH Acquisition(c)(d)  Germany   L + 1.65%       07/26/28  2,370,000    2,717,827 
MRH Trowe Beteiligungsgesellschaft mbH Term Loan A(c)  Germany  3M EUR L + 5.50%   5.50%  07/26/28   1,885,000    2,161,647 
Tempo Acquisition LLC, First Lien Extended Term Loan(p)  United States  1M US L + 3.25%   3.33%  11/02/26  $1,486,405    1,491,206 
World Insurance Associates, LLC, Delayed Draw Term Loan(c)(d)  United States  1M US L + 5.75%   6.75%  04/01/26   733,179    725,847 
World Insurance Associates, LLC, Revolving, Revolving Term Loan(c)(d)  United States   L + 0.50%       04/01/26   81,464    80,650 
World Insurance Associates, LLC, Term Loan(c)  United States  3M US L + 5.75%   6.75%  04/01/26   276,499    273,734 
                       9,072,947 
FIRE: REAL ESTATE (0.55%)                        
RealPage, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 3.25%   3.75%  04/24/28   1,325,255    1,322,631 
Strand Court Limited, Facility A Tranche 4(c)  United Kingdom  3M EUR L + 6.75%   7.25%  02/13/23  340,216    391,133 
Strand Court Limited, Facility A Tranche 5(c)  United Kingdom  3M EUR L + 6.75%   7.25%  02/13/23   240,148    276,088 
Strand Court Limited, Facility A Tranche 6(c)  United Kingdom  3M EUR L + 6.75%   7.25%  02/13/23   1,020,408    1,161,301 
                       3,151,153 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
FOREST PRODUCTS & PAPER (0.36%)        
Solenis Holdings LLC, First Lien Initial Dollar Term Loan(p)  United States  1M US L + 4.00%   4.08%  06/26/25  $14,493   $14,513 
Solenis Holdings LLC, Second Lien Initial Dollar Term Loan  United States  1M US L + 8.50%   8.58%  06/26/26   2,036,269    2,040,097 
                       2,054,610 
HEALTHCARE & PHARMACEUTICALS (8.16%)                  
Amneal Pharmaceuticals LLC, First Lien Initial Term Loan(g)(p)  United States  1M US L + 3.50%   3.63%  05/04/25   3,210,043    3,173,272 
athenahealth, Inc., First Lien B-1 Term Loan(p)  United States  3M US L + 4.25%   4.38%  02/11/26   2,163,224    2,172,147 
Bayou Intermediate II LLC, First Lien Initial Term Loan(c)(p)  United States  3M US L + 4.50%   5.25%  05/12/28   573,219    575,369 
Chip Holdco, Ltd., First Lien B Term Loan(c)  United Kingdom  6M US L + 5.00%   5.17%  07/11/25   961,318    961,318 
Curium BidCo SARL, First Lien Additional Senior Facility Term Loan(c)(p)  Luxembourg  3M US L + 4.25%   5.00%  10/27/27   696,333    698,944 
Curium BidCo SARL, Second Lien Term Loan  Luxembourg  3M US L + 7.75%   8.50%  10/27/28   811,462    825,159 
Endo Luxembourg Finance Company I SARL, First Lien 2021 Term Loan(p)  United States  3M US L + 5.00%   5.75%  03/27/28   2,281,935    2,236,775 
Envision Healthcare Corp., First Lien Initial Term Loan  United States  1M US L + 3.75%   3.83%  10/10/25   1,335,441    1,192,415 
eResearchTechnology, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 4.50%   5.50%  02/04/27   2,229,493    2,243,081 
Genesis Care Finance Pty, Ltd., First Lien Facility B4 Term Loan  United States  3M EUR L + 4.75%   4.75%  05/14/27  561,618    654,845 
Genesis Care Finance Pty, Ltd., First Lien Facility B5 Term Loan(p)  United States  3M US L + 5.00%   6.00%  05/14/27  $933,451    932,868 
Golden State Buyer, Inc., First Lien Initial Term Loan(c)(p)  United States  1M US L + 4.75%   5.50%  06/21/26   2,586,239    2,586,239 
Jazz Pharmaceuticals Public, Ltd. Company, First Lien Initial Dollar Term Loan(p)  United States  1M US L + 3.50%   4.00%  05/05/28   814,493    816,534 
Mendel Bidco, Inc., Term Loan(c)  Spain  3M US L + 4.50%   4.50%  06/17/27   2,715,805    2,715,805 
Mertus 522. GmbH, Acquisition/Capex Facility(c)  Germany  6M EUR L + 6.25%   6.25%  05/28/26  467,970    542,071 
Mertus 522. GmbH, Facility B(c)  Germany  6M EUR L + 6.25%   6.25%  05/28/26   800,751    927,547 
Milano Acquisition Corp., First Lien B Term Loan(p)  United States  3M US L + 4.00%   4.75%  10/01/27  $1,438,015    1,443,407 
Mozart Debt Merger Sub, Inc. Term Loan B, First Lien Term Loan(c)(g)(p)  United States  L + 3.25%       10/15/28   1,544,037    1,536,317 
National Mentor Holdings, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 3.75%   4.50%  03/02/28   1,837,791    1,840,088 
National Mentor Holdings, Inc., Second Lien Initial Term Loan  United States  3M US L + 7.25%   8.00%  03/02/29   1,609,442    1,639,619 
Option Care Health, Inc., First Lien B Term Loan(p)  United States  1M US L + 3.75%   3.83%  08/06/26   956,137    956,974 
Padagis LLC, First Lien B Term Loan(c)  United States  3M US L + 4.75%   5.25%  07/06/28   1,066,474    1,068,473 
Parexel International Corp., First Lien Initial Term Loan(p)  United States  1M US L + 2.75%   2.83%  09/27/24   2,583,922    2,584,645 
Parexel International Corp., First Lien Term Loan(g)(p)  United States  L + 3.50%       08/11/28   1,450,816    1,452,862 
Project Ruby Ultimate Parent Corp., First Lien Closing Date Term Loan(p)  United States  1M US L + 3.25%   4.00%  03/10/28   342,977    342,977 
Radnet Management, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 3.00%   3.75%  04/23/28   658,047    657,843 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
HEALTHCARE & PHARMACEUTICALS (continued)        
Revint Intermediate II LLC, First Lien Initial Term Loan(p)  United States  1M US L + 5.00%   5.75%  10/15/27  $1,132,196   $1,139,980 
RH Diagnostik & Therapie Holding GmbH(c)(g)  Germany  L + 6.75%       09/15/28  3,415,542    3,956,378 
Sunmed Group Holdings, LLC, Revolver(c)(d)  United States  3M US L + 5.75%   6.50%  06/16/27  $137,842    136,464 
Sunmed Group Holdings, LLC, Term Loan(c)  United States  3M US L + 5.75%   6.50%  06/16/28   2,081,364    2,060,550 
U.S. Anesthesia Partners, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 3.00%   4.00%  06/23/24   398,479    398,991 
Upstream Newco, Inc., First Lien August 2021 Incremental Term Loan(p)  United States  1M US L + 4.25%   4.33%  11/20/26   397,216    397,776 
Upstream Rehabilitation, Inc., Second Lien Term Loan(c)  United States  1M US L + 8.50%   8.59%  10/24/27   456,140    451,579 
US Radiology Specialists, Inc., First Lien Closing Date Term Loan(p)  United States  3M US L + 5.50%   6.25%  12/15/27   1,776,714    1,787,259 
Verscend Holding Corp., First Lien B-1 Term Loan(p)  United States  1M US L + 4.00%   4.08%  08/27/25   107,312    107,602 
                       47,214,173 
HIGH TECH INDUSTRIES (8.50%)                  
AMI US Holdings Inc. Revolver Loan(c)(d)  United States  1M US L + 5.50%   5.60%  04/01/24   145,361    145,361 
AMI US Holdings Inc. Term Loan(c)  United States  1M US L + 5.50%   6.50%  04/01/25   1,079,859    1,079,859 
AppLovin Corp., First Lien Initial Term Loan(p)  United States  1M US L + 3.25%   3.33%  08/15/25   1,460,221    1,460,104 
Appriss Health LLC, First Lien Initial Term Loan(c)  United States  3M US L + 7.25%   8.25%  05/06/27   988,075    978,194 
Appriss Health LLC, First Lien Revolving Credit Term Loan(c)(d)  United States   L + 0.50%       05/06/27   65,875    65,216 
Australian Technology LTD, 2021 Term Loan(c)  Australia  3M BBSY + 5.75%   6.75%  09/12/24   AUD   3,510,842      2,538,166 
Barracuda Networks, Inc., Second Lien 2nd Lien Term Loan  United States  3M US L + 6.75%   7.50%  10/30/28  $532,670    540,495 
BMC Software, Inc., Second Lien 2nd Lien Term Loan(c)(g)  United States  L + 5.50%       03/23/26   431,682    437,348 
Boxer Parent Company, Inc., First Lien 2021 Replacement Dollar Term Loan(g)(p)  United States  3M US L + 3.75%   3.88%  10/02/25   1,922,321    1,914,314 
Cardinal Parent, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 4.50%   5.25%  11/12/27   750,180    750,675 
CB Nike Intermediate Co Ltd. Closing Date Term Loan(c)  Israel  3M US L + 4.75%   5.75%  10/31/25   2,442,800    2,442,800 
CB Nike Intermediate Co Ltd. Revolver Loan(c)  Israel  3M US L + 4.75%   5.75%  10/31/25   310,000    310,000 
Cloudera, Inc., First Lien Term Loan(g)(p)  United States  L + 3.75%       08/10/28   939,539    939,835 
Cloudera, Inc., Second Lien Term Loan(c)(g)  United States  L + 6.00%       09/30/29   1,038,558    1,038,558 
Cornerstone OnDemand, Inc., First Lien 2021 Refinancing Term Loan(p)  United States  1M US L + 3.25%   3.33%  04/22/27   296,756    296,702 
Cornerstone OnDemand, Inc., First Lien Initial Term Loan(g)(p)  United States  L + 3.75%       09/21/28   1,120,552    1,120,205 
Creation Technologies, Inc., First Lien Term Loan(c)(g)(p)  Canada  L + 5.50%       09/14/28   1,072,292    1,068,271 
DCert Buyer, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 4.00%   4.08%  10/16/26   684,229    685,180 
DCert Buyer, Inc., Second Lien First Amendment Refinancing Term Loan  United States  1M US L + 7.00%   7.08%  02/19/29   1,403,693    1,419,919 
Digital Media Solutions LLC, First Lien Initial Term Loan  United States  1M US L + 5.00%   5.75%  05/25/26   853,724    852,657 
Drilling Info Holdings, Inc., First Lien Initial Term Loan(c)  United States  1M US L + 4.25%   4.33%  07/30/25   2,004,845    1,979,784 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
HIGH TECH INDUSTRIES (continued)        
Endurance International Group Holdings, Inc., First Lien Initial Term Loan(p)  United States  6M US L + 3.50%   4.25%  02/10/28  $565,959   $563,766 
Ensemble RCM LLC, First Lien Closing Date Term Loan(p)  United States  3M US L + 3.75%   3.88%  08/03/26   1,232,224    1,235,964 
Epicor Software Corp., First Lien C Term Loan(p)  United States  1M US L + 3.25%   4.00%  07/30/27   1,038,617    1,039,682 
Epicor Software Corp., Second Lien Initial Term Loan  United States  1M US L + 7.75%   8.75%  07/31/28   352,503    363,166 
Helios Software Holdings, Inc., First Lien Initial Dollar (2021) Term Loan(p)  Luxembourg  3M US L + 3.75%   3.92%  03/11/28   1,252,594    1,252,751 
IGT Holding IV AB, First Lien Facility B2 Term Loan(p)  Sweden  3M US L + 3.75%   4.25%  03/23/28   966,019    969,647 
Informatica LLC, First Lien Dollar 2020 Term Loan(p)  United States  1M US L + 3.25%   3.33%  02/25/27   985,000    983,030 
Ivanti Software, Inc., First Lien First Amendment Term Loan(p)  United States  3M US L + 4.00%   4.75%  12/01/27   554,749    556,344 
Ivanti Software, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 4.75%   5.75%  12/01/27   964,998    969,446 
LTI Holdings, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 3.50%   3.58%  09/06/25   2,961,859    2,926,687 
MA Financeco. LLC, First Lien Tranche B-3 Term Loan(p)  United States  1M US L + 2.75%   2.83%  06/21/24   70,153    69,638 
Magenta Buyer LLC, First Lien Initial Term Loan(g)(p)  United States  3M US L + 5.00%   5.75%  07/27/28   1,476,642    1,478,488 
Marnix SAS, First Lien Facility B (EUR) Term Loan  France  3M EUR L + 2.75%   2.75%  11/19/26  464,705    531,953 
MediaOcean LLC, First Lien Term Loan(p)  United States  1M US L + 4.00%   4.08%  08/18/25  $246,065    246,576 
MRI Software LLC, Delayed Draw Term Loan(c)(d)(e)  United States   L + 1.00%       02/10/26   38,984    38,984 
MRI Software LLC, First Lien Closing Date Term Loan(c)(e)  United States  3M US L + 5.50%   6.50%  02/10/26   2,235,268    2,235,268 
MRI Software LLC, First Lien Revolving Term Loan(c)(d)  United States   L + 0.50%       02/10/26   155,944    155,944 
Oneshield, Inc., Revolver Loan(c)(d)  United States   L + 0.50%       09/09/26   115,942    115,942 
Oneshield, Inc., Term Note(c)  United States  3M US L + 9.00%   10.00%  09/09/26   1,304,348    1,304,348 
Paya Holdings III LLC, First Lien Initial Term Loan(c)  United States  3M US L + 3.25%   4.00%  06/25/28   251,561    251,875 
Project Alpha Intermediate Holding, Inc., First Lien 2021 Refinancing Term Loan(p)  United States  1M US L + 4.00%   4.09%  04/26/24   271,396    271,615 
Proofpoint, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 3.25%   3.75%  08/31/28   1,014,610    1,010,552 
Seattle SpinCo, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 2.75%   2.83%  06/21/24   473,762    470,282 
Skillsoft Finance II, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 4.75%   5.50%  06/30/28   258,942    260,560 
SolarWinds Holdings, Inc., First Lien 2018 Refinancing Term Loan(p)  United States  1M US L + 2.75%   2.83%  02/05/24   1,983,396    1,966,498 
Sovos Compliance LLC, First Lien Initial Term Loan(p)  United States  3M US L + 4.50%   5.00%  08/11/28   480,898    484,306 
Sovos Compliance, LLC Term Loan-DD 1L(d)(p)  United States  L + 4.50%       08/11/28   83,047    83,635 
Surf Holdings SARL, First Lien Dollar Tranche Term Loan(p)  United States  3M US L + 3.50%   3.62%  03/05/27   314,619    313,350 
Symplr Software, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 4.50%   5.25%  12/22/27   890,701    894,820 
Utimaco Management GMBH, Facility C1(c)  Germany  1M EUR L + 4.00%   4.00%  08/09/27  2,786,275    3,227,470 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
HIGH TECH INDUSTRIES (continued)        
Vision Solutions, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 4.25%   5.00%  04/24/28  $814,480   $814,349 
                       49,150,579 
HOTEL, GAMING, & LEISURE (2.79%)                  
Aimbridge Acquisition Co., Inc., First Lien 2021 Term Loan  United States  1M US L + 4.75%   5.50%  02/02/26   140,545    139,931 
Aimbridge Acquisition Co., Inc., First Lien Initial (2019) Term Loan  United States  1M US L + 3.75%   3.83%  02/02/26   1,183,418    1,165,170 
Aristocrat Leisure, Ltd., First Lien Initial Term Loan(p)  Australia  3M US L + 3.75%   4.75%  10/19/24   278,365    280,192 
Caesars Resort Collection LLC, First Lien B Term Loan(p)  United States  1M US L + 2.75%   2.83%  12/23/24   1,841,691    1,833,136 
Casablanca US Holdings, Inc., First Lien Amendment No. 2 Initial Term Loan  United States  1M US L + 4.00%   4.08%  03/29/24   3,956,175    3,954,335 
Compass III, Ltd., First Lien Facility B2 Term Loan  Netherlands  6M EUR L + 4.00%   4.00%  05/09/25  671,493    779,097 
HNVR Holdco, Ltd., First Lien Facility C Term Loan  United Kingdom  6M EUR L + 4.50%   4.50%  09/12/27   1,353,619    1,430,175 
Hurtigruten Group AS, First Lien Term Loan  Norway  6M EUR L + 8.00%   8.00%  06/11/23   953,443    1,104,140 
IRB Holding Corp., First Lien 2020 Replacement B Term Loan(p)  United States  3M US L + 2.75%   3.75%  02/05/25  $1,173,273    1,173,273 
J & J Ventures Gaming LLC, First Lien Initial Term Loan(c)(g)(p)  United States  1M US L + 4.00%   4.75%  04/26/28   499,328    502,448 
Playa Resorts Holding Tlb, First Lien Initial Term Loan(g)  United States  L + 2.75%       04/29/24   76,061    74,579 
Raptor Acquisition Corp., First Lien B Term Loan(g)(p)  Canada  L + 4.00%       11/01/26   249,457    250,517 
Scientific Games International, Inc., First Lien Initial B-5 Term Loan(p)  United States  1M US L + 2.75%   2.83%  08/14/24   2,258,115    2,250,923 
Stonegate Pub Company Bidco Holdings, Ltd., Second Lien Facility Term Loan(c)(g)  United Kingdom  L + 8.50%       03/06/28  £871,287    1,176,907 
                       16,114,823 
MEDIA: ADVERTISING, PRINTING & PUBLISHING (1.36%)(p)               
Castle US Holding Corp., First Lien Initial Dollar Term Loan  United States  3M US L + 3.75%   3.88%  01/29/27  $989,562    983,169 
Cimpress plc, First Lien Tranche B-1 Term Loan  Ireland  1M US L + 3.50%   4.00%  05/17/28   524,482    525,630 
CMI Marketing, Inc., First Lien Initial Term Loan(c)  United States  1M US L + 4.75%   5.50%  03/23/28   1,251,911    1,262,866 
Constant Contact, Inc., First Lien Initial Term Loan(c)  United States  3M US L + 4.00%   4.75%  02/10/28   1,998,794    1,996,295 
Magnite, Inc., Initial Term Loan  United States  6M US L + 5.00%   5.75%  04/01/28   480,577    481,778 
Red Planet Borrower LLC, First Lien Initial Term Loan  United States  3M US L + 3.50%   4.25%  03/17/28   525,605    525,385 
Red Planet Borrower LLC, First Lien Initial Term Loan(g)  United States  L + 3.75%       10/02/28   2,081,980    2,077,431 
                       7,852,554 
MEDIA: BROADCASTING & SUBSCRIPTION (1.49%)               
Altice Financing S.A., First Lien March 2017 Refinancing Term Loan(p)  Luxembourg  3M US L + 2.75%   2.88%  07/15/25   956,126    942,482 
Altice Financing S.A., First Lien October 2017 USD Term Loan(p)  Luxembourg  3M US L + 2.75%   2.90%  01/31/26   689,261    678,750 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
MEDIA: BROADCASTING & SUBSCRIPTION (continued)        
DIRECTV Financing LLC, First Lien Closing Date Term Loan(p)  United States  3M US L + 5.00%   5.75%  08/02/27  $744,931   $746,249 
Lightning Finco Limited, Facility B1 Term Loan(c)  United Kingdom  3M US L + 5.75%   6.50%  07/14/28   2,127,719    2,106,442 
Lightning Finco Limited, Facility B2 Term Loan(c)  United Kingdom  3M US L + 5.75%   6.50%  07/14/28   284,281    281,438 
Radiate HoldCo LLC, First Lien B Term Loan(p)  United States  1M US L + 3.50%   4.25%  09/25/26   871,127    871,380 
Univision Communications, Inc., First Lien B Term Loan(g)(p)  United States  L + 3.25%       05/05/28   823,293    823,145 
Virgin Media Ireland, Ltd., First Lien Facility B1 Term Loan  United Kingdom  3M EUR L + 3.50%   3.50%  06/17/29  893,224    1,032,205 
Walker Edison Furniture Company LLC, Initial Term Loan(c)  United States  3M US L + 5.75%   6.75%  08/05/27  $1,130,050    1,118,749 
                       8,600,840 
MEDIA: DIVERSIFIED & PRODUCTION (3.91%)                  
9 Story Media Group Inc. CAD, First Lien Term Loan(c)  Canada  3M CDOR + 5.50%   6.25%  04/30/26   CAD   1,723,128      1,360,436 
9 Story Media Group Inc. Euro, First Lien Term Loan(c)  Canada  3M EUR L + 5.25%   5.25%  04/30/26  770,648    892,677 
9 Story Media Group Inc. Revolver, First Lien Term Loan(c)(d)  Canada  1M CDOR + 5.25%   6.25%  04/30/26   CAD   895,604      707,093 
Aptus 1724. GmbH Capex and Acquisition Facility(c)  Germany  3M US L + 6.25%   6.50%  02/23/28  $941,323    941,323 
Aptus 1724. GmbH Facility B(c)  Germany  3M EUR L + 6.00%   6.25%  02/23/28  2,462,373    2,852,279 
Crown Finance US, Inc., First Lien Initial B-1 Term Loan(e)(f)  United Kingdom      15.25%  05/23/24  $272,434    337,592 
Crown Finance US, Inc., First Lien Initial Dollar Tranche Term Loan(e)(h)  United Kingdom  3M US L + 2.50%   3.50%  02/28/25   4,057    3,355 
Crown Finance US, Inc., First Lien Partially Priming Incremental Term Loan  United Kingdom  3M US L + 8.25%   9.25%  05/23/24   74,173    79,829 
Getty Images, Inc., First Lien Initial Dollar Term Loan(p)  United States  1M US L + 4.50%   4.63%  02/19/26   987,172    988,613 
Getty Images, Inc., First Lien Initial Euro Term Loan  United States  1M EUR L + 5.00%   5.00%  02/19/26  290,568    338,009 
Indy US Bidco LLC, First Lien Tranche B-1 Term Loan(p)  United States  1M US L + 4.00%   4.08%  03/06/28  $659,505    661,862 
International Entertainment Investments, Ltd., First Lien C1 Term Loan(c)  United Kingdom  6M GBP L + 4.75%   7.35%  05/31/23  £620,998    836,733 
International Entertainment Investments, Ltd., First Lien C2 Term Loan(c)  United Kingdom  6M GBP L + 4.75%   7.35%  05/31/23   382,153    514,913 
MH Sub I LLC, First Lien 2020 June New Term Loan(p)  United States  1M US L + 3.75%   4.75%  09/13/24  $307,091    308,243 
MH Sub I LLC, First Lien Amendment No. 2 Initial Term Loan(p)  United States  1M US L + 3.50%   3.58%  09/13/24   1,673,311    1,670,550 
MH Sub I LLC, Second Lien 2021 Replacement Term Loan  United States  1M US L + 6.25%   6.34%  02/23/29   1,465,563    1,491,437 
National CineMedia LLC, First Lien Initial Term Loan  United States  1M US L + 4.00%   5.00%  06/20/25   1,202,573    1,124,406 
National CineMedia LLC, First Lien New Incremental Term Loan(c)  United States  1M US L + 8.00%   9.00%  12/20/24   1,637,087    1,645,272 
Recorded Books, Inc., First Lien 2021 Replacement Term Loan(p)  United States  1M US L + 4.00%   4.08%  08/29/25   1,891,096    1,895,531 
Tech 6, First Lien Tranche 1(e)  France  6M EUR L + 6.00%   6.00%  06/30/24  299,698    370,009 
Tech 6, First Lien Tranche 2(c)(e)  France  6M EUR L + 6.00%   6.00%  06/30/24   352,807    438,302 
Technicolor USA, Inc., First Lien Tranche 1 Term Loan(e)  France  6M EUR L + 3.00%   3.00%  12/31/24   880,390    983,787 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
MEDIA: DIVERSIFIED & PRODUCTION (continued)        
Technicolor USA, Inc., US New Money Loan(e)  France  6M US L + 12.00%   12.15%  06/30/24  $249,887    265,714 
William Morris Endeavor Entertainment LLC, First Lien B-1 Term Loan  United States  1M US L + 2.75%   2.84%  05/18/25  $1,931,089   $1,897,469 
                       22,605,434 
METALS & MINING (0.22%)                     
American Consolidated Natural Resources, Inc., First Priority Term Loan(e)  United States  3M US L + 16.00%   17.00%  09/16/25   673,848    690,485 
Hyperion Materials & Technologies, Inc., First Lien Initial Term Loan(c)(p)  United States  1M US L + 4.50%   5.00%  07/28/28   602,126    604,008 
                       1,294,493 
RETAIL (3.28%)                        
Ascena Retail Group, Inc., First Lien Tranche B Term Loan(h)  United States  1M US L + 4.50%   5.25%  08/21/22   1,435,369    38,863 
Calceus Acquisition, Inc., First Lien Initial Term Loan(g)  United States  L + 5.50%       02/12/25   610,362    534,830 
Eyemart Express LLC, First Lien B-1 Term Loan(p)  United States  1M US L + 3.00%   4.00%  08/05/27   1,686,738    1,686,029 
Financiere Abra SAS, Second Lien Facility Term Loan  France  1M EUR L + 8.00%   8.00%  10/23/26  500,000    580,621 
Hunkemoller B.V., First Lien Term Loan  Netherlands  6M EUR L + 4.50%   4.50%  02/10/23   1,714,286    1,834,323 
L1R HB Finance, Ltd., First Lien Facility B1 Term Loan(g)  United Kingdom  3M US L + 5.25%   5.33%  09/02/24  £3,000,000    3,817,353 
Mattress Firm, Inc., First Lien -2021 Term Loan(p)  United States  3M US L + 4.25%   5.00%  09/25/28  $1,308,387    1,308,394 
MED ParentCo LP, First Lien Initial Term Loan(p)  United States  1M US L + 4.25%   4.33%  08/31/26   1,352,423    1,351,896 
New Look Vision Group, Inc., First Lien Canadian Delayed Draw Term Loan(c)(d)  Canada  3M US L + 5.50%   6.50%  05/26/28   CAD   985,824      778,323 
New Look Vision Group, Inc., First Lien Canadian Revolving Term Loan(c)(d)  Canada  3M US L + 5.50%   6.50%  05/26/26   338,000    266,856 
New Look Vision Group, Inc., First Lien Initial Term Loan(c)  Canada  3M US L + 5.50%   6.50%  05/26/28   2,484,773    1,961,766 
RVR Dealership Holdings LLC, First Lien B Term Loan(p)  United States  3M US L + 4.00%   4.75%  02/08/28  $923,619    923,619 
RVR Dealership Holdings LLC, First Lien Delayed Draw Term Loan(d)(p)  United States  L + 4.00%       02/08/28   82,722    82,722 
Thrasio, LLC, Initial Delayed Draw Term Loan(c)  United States  1M US L + 7.00%   8.00%  12/18/26   1,633,201    1,633,201 
Thrasio, LLC, Initial Term Loan(c)  United States  3M US L + 7.00%   8.00%  12/18/26   1,422,152    1,422,152 
Tory Burch LLC, First Lien Initial B Term Loan(p)  United States  1M US L + 3.50%   4.00%  04/16/28   761,198    763,577 
                       18,984,525 
SERVICES: BUSINESS (9.42%)                     
Acuris Finance US, Inc., First Lien Initial Dollar Term Loan(p)  United States  3M US L + 4.00%   4.50%  02/16/28   294,980    296,350 
AEA International Holdings SARL., First Lien Initial Term Loan(c)(p)  Luxembourg  3M US L + 3.75%   4.25%  09/07/28   1,079,331    1,080,680 
Alliant Holdings Intermediate LLC, First Lien 2018 Initial Term Loan(p)  United States  1M US L + 3.25%   3.33%  05/09/25   1,185,370    1,178,258 
Alliant Holdings Intermediate LLC, First Lien 2019 New Term Loan(p)  United States  1M US L + 3.25%   3.33%  05/09/25   764,454    759,806 
AMCP Clean Acquisition Company LLC, First Lien Delayed Draw Term Loan  United States  1M US L + 4.25%   4.33%  07/10/25   159,264    134,578 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
SERVICES: BUSINESS (continued)        
AMCP Clean Acquisition Company LLC, First Lien Term Loan  United States  1M US L + 4.25%   4.33%  07/10/25  $658,157   $556,143 
Atlas CC Acquisition Corp., First Lien B Term Loan(p)  United States  3M US L + 4.25%   5.00%  05/25/28   711,087    714,692 
Atlas CC Acquisition Corp., First Lien C Term Loan(p)  United States  3M US L + 4.25%   5.00%  05/25/28   144,628    145,361 
Automate Intermediate Holdings II SARL(c)  Luxembourg  1M US L + 7.75%   7.83%  07/22/27   1,090,250    1,090,250 
AVSC Holding Corp., First Lien 2020 B-1 Term Loan(e)  United States  3M US L + 3.25%   4.25%  03/03/25   2,381,962    2,136,620 
AVSC Holding Corp., First Lien 2020 B-3 Term Loan(e)(f)  United States      15.00%  10/15/26   1,942,072    2,345,052 
Brook Bidco I Limited, CA Facility 1(c)(d)(e)  Ireland  L + 0.50%       07/07/28  £630,000    840,374 
Brook Bidco I Limited, CA Facility 2(c)(d)(e)  Ireland  L + 0.50%       07/07/28   470,000    626,945 
Brook Bidco I Limited, Facility B(c)(e)  Ireland  3M US L + 6.00%   6.08%  07/07/28   1,727,917    2,304,913 
Brook Bidco I Limited, Revolving(c)(d)(g)  Ireland  L + 6.00%       07/07/27   155,000    206,759 
Brown Group Holdings LLC, First Lien Initial Term Loan(p)  United States  3M US L + 2.75%   3.25%  04/22/28  $516,779    517,061 
CCC Intelligent Solutions, Inc., First Lien Initial Term Loan(g)(p)  United States  L + 2.50%       09/21/28   507,089    507,249 
Chamber Bidco Limited, Facility B Term Loan(c)  United Kingdom  3M US L + 6.00%   6.50%  06/02/28   4,870,000    4,870,000 
Comet Bidco, Ltd., First Lien Facility B Term Loan  United Kingdom  6M GBP L + 5.25%   5.43%  09/30/24  £469,565    590,065 
Comet Bidco, Ltd., First Lien Facility B2 Term Loan(g)  United Kingdom  6M US L + 5.00%   6.00%  09/30/24  $2,239,473    2,126,256 
Constellation Automotive Ltd, Term Loan(g)  United Kingdom  L + 7.50%       07/16/29  £379,158    521,576 
ENC Parent Corp., First Lien Delayed Draw Term Loan(d)(p)  United States  L + 4.25%       08/19/28  $74,568    74,126 
ENC Parent Corp., First Lien Initial Term Loan(p)  United States  3M US L + 4.25%   5.00%  08/19/28   838,891    833,912 
GBT Group Services B.V., First Lien Initial Term Loan(g)  United States  L + 2.50%       08/13/25   569,990    516,317 
Genuine Financial Holdings LLC, First Lien Initial Term Loan(p)  United States  1M US L + 3.75%   3.83%  07/11/25   1,129,887    1,121,678 
GHX Ultimate Parent Corp., First Lien Initial Term Loan(p)  United States  3M US L + 3.25%   4.25%  06/28/24   673,062    674,186 
Hunter Holdco 3, Ltd., First Lien Initial Dollar Term Loan(c)(p)  United Kingdom  3M US L + 4.25%   4.75%  08/19/28   1,426,065    1,434,087 
Inmar, Inc., Initial Term Loan(p)  United States  3M US L + 4.00%   5.00%  05/01/24   610,650    611,337 
Midcap Invest UK Acquisition Facility(c)(d)(e)  United Kingdom  L + 1.50%       05/05/28  £1,123,000    1,513,130 
Midcap Invest UK Facility B(c)(e)  United Kingdom  12M SONIA + 5.50%   5.83%  05/05/28   2,527,000    3,404,880 
Monotype Imaging Holdings, Inc., First Lien 2021 Incremental Term Loan(c)  United States  3M US L + 6.00%   7.00%  10/09/26  $342,899    343,757 
Monotype Imaging Holdings, Inc., First Lien Term Loan(g)  United States  3M US L + 5.50%   6.50%  10/09/26   2,138,183    2,139,968 
Osmose Utilities Services, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 3.25%   3.75%  06/23/28   790,304    788,455 
Project Boost Purchaser LLC, First Lien Tranche 1 Term Loan(p)  United States  1M US L + 3.50%   3.58%  06/01/26   1,424,133    1,419,127 
Project Boost Purchaser LLC, Second Lien Term Loan(c)  United States  1M US L + 8.00%   8.08%  05/31/27   448,768    446,524 
Refine Intermediate, Inc., Facility B Term Loan(c)  United States  3M US L + 4.50%   5.50%  03/03/27   1,915,751    1,915,751 
Refine Intermediate, Inc., Revolving Facility Term Loan(c)(d)  United States   L + 0.50%       09/03/26   467,256    467,256 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
SERVICES: BUSINESS (continued)        
Research Now Group, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 5.50%   6.50%  12/20/24  $2,756,055   $2,730,506 
Research Now Group, Inc., Second Lien Term Loan  United States  3M US L + 9.50%   10.50%  12/20/25   2,177,805    2,161,472 
Sophia LP, First Lien Closing Date Term Loan(p)  United States  3M US L + 3.75%   4.50%  10/07/27   1,440,104    1,447,153 
SumUp Holdings Midco SARL Delayed Draw(c)(d)  Luxembourg  3M EUR L + 8.50%   10.00%  02/17/26  3,299,189    3,821,602 
ThoughtWorks, Inc., First Lien Incremental Term Loan(p)  United States  1M US L + 3.00%   3.50%  03/24/28  $352,878    353,207 
Trader Interactive LLC, First Lien Initial Term Loan(c)(p)  United States  6M US L + 4.00%   4.50%  07/28/28   381,369    381,846 
USIC Holdings, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 3.50%   4.25%  05/12/28   1,544,536    1,545,501 
USIC Holdings, Inc., Second Lien Initial Term Loan  United States  1M US L + 6.50%   7.25%  05/14/29   764,488    777,229 
                       54,471,995 
SERVICES: CONSUMER (3.27%)                     
Arches Buyer, Inc., First Lien Refinancing Term Loan(p)  United States  1M US L + 3.25%   3.75%  12/06/27   1,417,857    1,412,434 
Foundational Education Group, Inc., Second Lien Initial Term Loan  United States  3M US L + 6.50%   7.00%  08/31/29   1,333,333    1,335,000 
MZR Buyer, LLC, Initial Term Loan(c)  United States  3M US L + 6.75%   7.75%  12/21/26   2,653,905    2,653,905 
MZR Buyer, LLC, Revolving Loan(c)(d)  United States   L + 0.50%       12/21/26   341,954    341,954 
Pack-A-Punch Bidco Limited Acquisition Facility(c)(d)  United Kingdom  L + 1.50%       07/15/28  £580,000    761,955 
Pack-A-Punch Bidco Limited Facility B(c)  United Kingdom  3M GBP L + 5.75%   5.80%  07/15/28   1,095,000    1,438,518 
Pathway Vet Alliance LLC, First Lien 2021 Replacement Term Loan(p)  United States  1M US L + 3.75%   3.83%  03/31/27  $734,049    733,513 
Pearl Intermediate Parent LLC, First Lien Initial Term Loan(p)  United States  1M US L + 2.75%   2.83%  02/14/25   1,463,403    1,450,752 
Refficiency Holdings LLC Delayed Term Loan, First Lien Term Loan(d)(g)(p)  United States  L + 4.00%       12/16/27   69,186    69,293 
Refficiency Holdings LLC Term Loan, First Lien Term Loan(g)(p)  United States  L + 4.00%       12/16/27   357,966    358,525 
Sontiq, Inc. (fka EZShield, Inc), Initial Term Loan(c)  United States  1M US L + 7.50%   8.50%  03/01/26   2,094,804    2,136,700 
Sontiq, Inc. (fka EZShield, Inc), Revolving Credit Facility(c)(d)  United States   L + 0.50%       03/01/26   123,549    123,549 
The Knot Worldwide, Inc., Second Lien Initial Dollar Term Loan  United States  3M US L + 8.25%   8.38%  12/21/26   533,333    528,000 
Titan Acquisitionco New Zealand, Ltd., First Lien 2020 Refinancing Term Loan(p)  United States  3M US L + 4.00%   4.13%  05/01/26   453,312    453,314 
Travel Leaders Group LLC, First Lien 2018 Refinancing Term Loan  United States  1M US L + 4.00%   4.08%  01/25/24   3,321,674    3,118,221 
Viad Corp, First Lien Initial Term Loan(c)(p)  United States  3M US L + 5.00%   5.50%  07/30/28   714,286    714,286 
Zeppelin Bidco Pty Limited(c)  Australia  6M BBSY + 5.00%   6.12%  06/28/24  AUD 1,804,348     1,304,455 
                       18,934,374 
TELECOMMUNICATIONS (2.73%)                     
Connect Finco Sarl, First Lien Amendment No. 1 Refinancing Term Loan(p)  United Kingdom  1M US L + 3.50%   4.50%  12/11/26  $1,482,487    1,485,267 
DC Blox Inc., Initial Advance(c)(e)(g)  United States  1M US L + 6.00%   6.00%  03/22/26   4,668,992    4,668,992 
GTT Communications BV, First Lien Closing Date EMEA Term Loan(g)  United States  L + 3.25%       05/31/25  640,038    631,568 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
TELECOMMUNICATIONS (continued)        
GTT Communications, Inc., First Lien Closing Date U.S. Term Loan(g)  United States  3M US L + 2.75%   2.88%  05/31/25  $1,715,185   $1,462,195 
Horizon Telcom, Inc., First Lien Delayed Draw Term Loan(c)  United States  3M US L + 5.00%   6.00%  06/15/23   45,096    45,096 
Horizon Telcom, Inc., First Lien Revolving Term Loan(c)  United States  3M US L + 5.00%   6.00%  06/15/23   5,793    5,793 
Horizon Telcom, Inc., First Lien Term Loan(c)  United States  3M US L + 5.00%   6.00%  06/15/23   663,890    663,890 
Intelsat Jackson Holdings SA, First Lien Term Loan(d)  Luxembourg  3M US L + 4.75%   5.75%  07/13/22   107,609    108,551 
LOGIX Holding Company LLC, First Lien Initial Term Loan  United States  1M US L + 5.75%   6.75%  12/22/24   332,100    315,910 
Masergy Holdings, Inc., First Lien 2017 Replacement Term Loan(p)  United States  1M US L + 3.25%   4.25%  12/15/23   657,936    657,936 
Masergy Holdings, Inc., Second Lien Initial Term Loan  United States  1M US L + 7.50%   8.50%  12/16/24   462,778    461,815 
Mavenir Systems, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 4.75%   5.25%  08/18/28   849,422    852,608 
MetroNet Systems Holdings LLC, First Lien 2021 Term Loan(p)  United States  1M US L + 3.75%   4.50%  06/02/28   421,509    423,089 
Northwest Fiber LLC, First Lien B-2 Term Loan(p)  United States  1M US L + 3.75%   3.83%  04/30/27   945,256    945,492 
UPC Financing Partnership, First Lien Facility AX Term Loan(p)  United States  1M US L + 3.00%   3.08%  01/31/29   1,113,586    1,111,732 
Voyage Australia Pty, Ltd., First Lien Initial U.S. Term Loan(p)  Australia  3M US L + 3.50%   4.00%  06/18/28   642,647    643,450 
Zayo Group Holdings, Inc., First Lien Initial Dollar Term Loan(p)  United States  1M US L + 3.00%   3.08%  03/09/27   1,337,300    1,327,050 
                       15,810,434 
TRANSPORTATION: CARGO (1.03%)                     
AIT Worldwide Logistics Holdings, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 4.75%   5.50%  04/06/28   840,669    844,872 
Drive Chassis Holdco LLC, Second Lien 2021 Refinancing B Term Loan  United States  3M US L + 7.00%   7.12%  04/10/26   1,652,745    1,679,611 
Grammer Purchaser, Inc., First Lien Revolving Term Loan(c)(d)  United States  L + 4.50%       09/30/24   90,000    90,000 
Grammer Purchaser, Inc., First Lien Term Loan(c)  United States  3M US L + 4.50%   5.50%  09/30/24   1,017,714    1,017,714 
Naviera Armas S.A. Facility A(c)(e)  Spain  1M EUR L + 10.00%   10.00%  04/30/21  150,446    174,269 
Naviera Armas S.A. Facility B(c)(e)  Spain  1M EUR L + 10.00%   10.00%  04/30/21   35,266    40,850 
Naviera Armas S.A. Facility B2(c)(d)(e)  Spain  1M EUR L + 10.00%   10.00%  07/31/21   63,898    74,016 
Naviera Armas S.A., Facility C(c)(e)  Spain  1M EUR L + 10.00%   10.00%  07/31/21   242,370    280,748 
PODS LLC, First Lien Initial Term Loan(p)  United States  1M US L + 3.00%   3.75%  03/31/28  $578,223    579,307 
PS Holdco LLC, First Lien B Term Loan(c)(g)(p)  United States  L + 4.25%       09/23/28   577,576    577,937 
WWEX UNI TopCo Holdings LLC, First Lien Initial Term Loan(p)  United States  6M US L + 4.25%   5.00%  07/26/28   620,883    623,643 
                       5,982,967 
TRANSPORTATION: CONSUMER (1.14%)                        
Air Canada, First Lien B Term Loan(p)  Canada  3M US L + 3.50%   4.25%  08/11/28   308,973    310,646 
Grab Holdings, Inc., First Lien Initial Term Loan(p)  Singapore  6M US L + 4.50%   5.50%  01/29/26   924,403    936,725 
Lakeland Holdings LLC, Holdco First Lien Term Loan(e)(f)(h)  United States      13.25%  09/25/27   672,867    446,336 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
TRANSPORTATION: CONSUMER (continued)        
Lakeland Tours LLC, Priority Exit (New Money DIP) Term Loan(e)  United States  3M US L + 12.00%   13.25%  09/25/23  $269,333   $272,869 
Lakeland Tours LLC, Second Out Term Loan(e)  United States  3M US L + 7.50%   8.75%  09/25/25   481,625    469,825 
Lakeland Tours LLC, Third Out Term Loan(e)  United States  3M US L + 7.50%   8.75%  09/25/25   604,609    536,439 
Safe Fleet Holdings LLC, Second Lien Initial Term Loan  United States  3M US L + 6.75%   7.75%  02/02/26   667,223    659,997 
Toro Private Holdings III, Ltd., First Lien Initial (Super Priority) Term Loan(e)  Luxembourg  3M US L + 8.00%   9.00%  02/28/25   541,941    563,521 
Uber Technologies, Inc., First Lien 2021 Incremental Term Loan(p)  United States  1M US L + 3.50%   3.58%  04/04/25   1,750,788    1,753,581 
United AirLines, Inc., First Lien Class B Term Loan(p)  United States  3M US L + 3.75%   4.50%  04/21/28   639,650    645,503 
                       6,595,442 
UTILITIES: ELECTRIC (0.26%)(c)                     
New Frontera Holdings LLC, First Lien Term Loan  United States  3M US L + 13.00%   14.00%  07/28/26   922,158    986,709 
New Frontera Holdings LLC, Second Lien Term Loan  United States  3M US L + 1.50%   2.50%  07/28/28   888,345    533,007 
                       1,519,716 
UTILITIES: OIL & GAS (0.31%)                     
BCP Renaissance Parent LLC, First Lien Initial Term Loan(p)  United States  3M US L + 3.50%   4.50%  10/31/24   10,801    10,728 
Delek US Holdings, Inc., First Lien Initial Term Loan(p)  United States  1M US L + 2.25%   2.33%  03/31/25   1,109,191    1,078,965 
Traverse Midstream Partners LLC, First Lien Advance Term Loan  United States  1M US L + 5.50%   6.50%  09/27/24   702,953    704,601 
                       1,794,294 
WHOLESALE (0.79%)                        
Foundation Building Materials, Inc., First Lien Initial Term Loan(p)  United States  3M US L + 3.25%   3.75%  01/31/28   755,019    750,704 
Infinite Bidco LLC, First Lien Initial Term Loan(c)(p)  United States  1M US L + 3.75%   4.25%  03/02/28   541,641    541,979 
Infinite Bidco LLC, Second Lien Initial Term Loan  United States  1M US L + 7.00%   7.50%  03/02/29   862,269    870,891 
SRS Distribution, Inc., First Lien 2021 Refinancing Term Loan(p)  United States  6M US L + 3.75%   4.25%  06/02/28   1,165,807    1,167,020 
WSP Midco LLC Initial Term Loan(c)  United States  3M US L + 6.25%   6.25%  04/27/27   1,078,125    1,056,562 
WSP Midco LLC, Delayed Draw Term Loan(c)(d)  United States   L + 0.50%       04/27/23   158,380    155,213 
WSP Midco LLC, Revolving Loan(c)(d)  United States   L + 0.50%       04/27/27   38,602    37,830 
                       4,580,199 
TOTAL BANK LOANS                        
(Cost $443,862,033)                      446,812,270 
                         
CORPORATE BONDS (30.77%)(f)                     
AEROSPACE & DEFENSE (1.43%)                     
F-Brasile SpA(i)  Italy      7.38%  08/15/26  $2,331,000    2,403,844 
Global Aircraft Leasing Co., Ltd., Series 2021(c)(e)(i)  Cayman Islands      6.50%  09/15/24   860,000    820,225 
Rolls-Royce PLC(i)  United Kingdom      5.75%  10/15/27   419,000    463,519 
Spirit AeroSystems, Inc.(i)  United States      7.50%  04/15/25   1,265,000    1,340,900 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
AEROSPACE & DEFENSE (continued)        
TransDigm, Inc.  United States     4.63%  01/15/29  $1,171,000   $1,171,000 
TransDigm, Inc.(i)  United States      8.00%  12/15/25   150,000    160,125 
Wolverine Escrow LLC(i)  United States      8.50%  11/15/24   473,000    440,481 
Wolverine Escrow LLC(i)  United States      9.00%  11/15/26   1,601,000    1,480,925 
                       8,281,019 
AUTOMOTIVE (0.29%)(i)                        
AAG FH LP  Canada      9.75%  07/15/24   1,303,000    1,297,912 
Wheel Pros, Inc.  United States      6.50%  05/15/29   380,000    368,127 
                       1,666,039 
BANKING (0.09%)(i)                        
Paysafe Finance PLC  United States      4.00%  06/15/29   570,000    546,488 
                         
BEVERAGE, FOOD, & TOBACCO (1.38%)(i)                  
Carrols Restaurant Group, Inc.  United States      5.88%  07/01/29   975,000    919,030 
H-Food Holdings LLC  United States      8.50%  06/01/26   1,106,000    1,147,768 
Ocado Group PLC  United Kingdom      3.88%  10/08/26  £573,000    772,060 
Post Holdings, Inc.  United States      4.50%  09/15/31  $1,044,000    1,032,913 
Post Holdings, Inc.  United States      5.50%  12/15/29   500,000    530,670 
Post Holdings, Inc.  United States      5.75%  03/01/27   121,000    125,897 
Punch Finance PLC  United Kingdom      6.13%  06/30/26  £492,000    679,726 
Quidditch Acquisition, Inc.(c)  United States      11.25%  03/21/25  $1,750,000    1,881,201 
Simmons Foods, Inc.  United States      4.63%  03/01/29   870,000    877,652 
                       7,966,917 
CAPITAL EQUIPMENT (1.48%)(i)                     
Avaya, Inc.  United States      6.13%  09/15/28   909,000    956,923 
HAT Holdings I LLC  United States      3.75%  09/15/30   595,000    602,009 
Manitowoc Co., Inc.  United States      9.00%  04/01/26   1,347,000    1,444,826 
Sensata Technologies BV  United States      4.00%  04/15/29   576,000    587,059 
Sensata Technologies BV  United States      5.00%  10/01/25   152,000    167,580 
Standard Industries, Inc.  United States      4.75%  01/15/28   1,738,000    1,805,348 
Unifrax Escrow Issuer Corp.  United States      5.25%  09/30/28   968,000    981,310 
Unifrax Escrow Issuer Corp.  United States      7.50%  09/30/29   318,000    326,274 
Wabash National Corp.  United States      4.50%  10/15/28   1,670,000    1,670,000 
                       8,541,329 
CHEMICALS, PLASTICS, & RUBBER (1.10%)(i)                  
Compass Minerals International, Inc.  United States      4.88%  07/15/24   320,000    333,965 
Nufarm Australia, Ltd.  Australia      5.75%  04/30/26   1,675,000    1,721,062 
Olympus Water US Holding Corp.  United States      6.25%  10/01/29   1,119,000    1,110,272 
Venator Finance SARL  United States      5.75%  07/15/25   1,133,000    1,072,373 
Venator Finance SARL  United States      9.50%  07/01/25   1,269,000    1,405,418 
WR Grace Holdings LLC  United States      5.63%  08/15/29   669,000    690,749 
                       6,333,839 
CONSTRUCTION & BUILDING (0.49%)(i)                  
Arcosa, Inc.  United States      4.38%  04/15/29   528,000    535,260 
New Enterprise Stone & Lime Co., Inc.  United States      5.25%  07/15/28   598,000    606,223 
Summit Materials LLC  United States      5.25%  01/15/29   1,000,000    1,051,250 
Summit Materials LLC  United States      6.50%  03/15/27   625,000    656,603 
                       2,849,336 
CONSUMER GOODS: DURABLE (0.15%)(i)                        
Tempur Sealy International, Inc.  United States      4.00%  04/15/29   817,000    842,531 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
CONSUMER GOODS: NON-DURABLE (0.14%)(i)        
Energizer Holdings, Inc.  United States     4.75%  06/15/28  $356,000   $362,600 
Wolverine World Wide, Inc.  United States      4.00%  08/15/29   468,000    473,265 
                       835,865 
CONTAINERS, PACKAGING, & GLASS (1.84%)                  
Ardagh Metal Packaging Finance USA LLC(i)  United States      3.25%  09/01/28   855,000    853,931 
Ardagh Metal Packaging Finance USA LLC(i)  United States      4.00%  09/01/29   1,580,000    1,599,750 
Ball Corp.  United States      3.13%  09/15/31   1,488,000    1,471,376 
Intelligent Packaging, Ltd. Finco, Inc.(i)  Canada      6.00%  09/15/28   1,033,000    1,084,133 
Kleopatra Holdings 2 SCA(i)  Luxembourg      6.50%  09/01/26  758,000    831,797 
Pactiv Evergreen Group Issuer LLC(i)  United States      4.38%  10/15/28  $896,000    900,480 
Titan Holdings II BV(i)  Netherlands      5.13%  07/15/29  442,000    520,618 
Titan Holdings II BV(i)  Netherlands      5.13%  07/15/29   852,000    1,003,543 
Trivium Packaging Finance BV(i)  Netherlands      8.50%  08/15/27  $2,195,000    2,359,625 
                       10,625,253 
ENERGY: ELECTRICITY (0.18%)(i)                  
Clearway Energy Operating LLC  United States      3.75%  01/15/32   568,000    568,710 
Leeward Renewable Energy Operations LLC  United States      4.25%  07/01/29   468,000    476,274 
                       1,044,984 
ENERGY: OIL & GAS (0.32%)                     
Alta Mesa Holdings LP(c)(h)  United States      7.88%  12/15/24   968,000    1,936 
CNX Midstream Partners LP(i)  United States      4.75%  04/15/30   475,000    482,944 
Magnolia Oil & Gas Operating LLC(i)  United States      6.00%  08/01/26   221,000    227,288 
New Fortress Energy, Inc.(i)(p)  United States      6.50%  09/30/26   1,206,000    1,154,745 
                       1,866,913 
ENVIRONMENTAL INDUSTRIES (0.21%)(i)                  
GFL Environmental, Inc.  Canada      4.00%  08/01/28   1,202,000    1,194,487 
                         
FIRE: FINANCE (3.12%)(i)                        
Advisor Group Holdings, Inc.  United States      10.75%  08/01/27   305,000    337,510 
AG Issuer LLC(p)  United States      6.25%  03/01/28   1,446,000    1,518,574 
Aretec Escrow Issuer, Inc.  United States      7.50%  04/01/29   2,487,000    2,565,378 
Cobra AcquisitionCo LLC  United States      6.38%  11/01/29   1,869,000    1,869,000 
Encore Capital Group, Inc.  United States      4.25%  06/01/28  £672,000    905,652 
Fortress Transportation and Infrastructure Investors LLC  United States      5.50%  05/01/28  $1,336,000    1,346,741 
HighTower Holding LLC  United States      6.75%  04/15/29   1,059,000    1,086,799 
Intrum AB, Series Reg S  Sweden      3.50%  07/15/26  1,281,000    1,519,219 
Jefferson Capital Holdings LLC  United States      6.00%  08/15/26  $1,181,000    1,215,131 
LPL Holdings, Inc.  United States      4.00%  03/15/29   402,000    413,417 
LPL Holdings, Inc.  United States      4.38%  05/15/31   312,000    326,163 
LPL Holdings, Inc.  United States      4.63%  11/15/27   1,772,000    1,840,665 
Midcap Financial Issuer Trust  United States      5.63%  01/15/30   559,000    554,397 
Midcap Financial Issuer Trust  United States      6.50%  05/01/28   1,106,000    1,156,787 
StoneX Group, Inc.  United States      8.63%  06/15/25   1,275,000    1,372,219 
                       18,027,652 
FIRE: INSURANCE (0.08%)(i)                     
NFP Corp.  United States      4.88%  08/15/28   430,000    437,848 
                         
FIRE: REAL ESTATE (1.15%)(i)                     
Blackstone Mortgage Trust, Inc.  United States      3.75%  01/15/27   760,000    754,300 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
FIRE: REAL ESTATE (continued)        
Iron Mountain, Inc.  United States     5.25%  03/15/28  $1,163,000   $1,216,788 
Iron Mountain, Inc.  United States      5.25%  07/15/30   754,000    801,110 
Ladder Capital Finance Holdings LLLP  United States      4.25%  02/01/27   1,125,000    1,115,156 
Ladder Capital Finance Holdings LLLP  United States      4.75%  06/15/29   448,000    445,402 
PennyMac Financial Services, Inc.  United States      4.25%  02/15/29   948,000    903,975 
PennyMac Financial Services, Inc.  United States      5.75%  09/15/31   814,000    813,821 
United Wholesale Mortgage LLC  United States      5.50%  04/15/29   619,000    601,884 
                       6,652,436 
HEALTHCARE & PHARMACEUTICALS (3.19%)(i)                        
Acadia Healthcare Co., Inc.  United States      5.00%  04/15/29   222,000    231,445 
Acadia Healthcare Co., Inc.  United States      5.50%  07/01/28   325,000    342,051 
AHP Health Partners, Inc.  United States      5.75%  07/15/29   1,933,000    1,954,814 
Bausch Health Cos., Inc.  United States      5.25%  01/30/30   894,000    835,014 
Bausch Health Cos., Inc.  United States      5.25%  02/15/31   1,109,000    1,021,450 
Bausch Health Cos., Inc.  United States      6.25%  02/15/29   486,000    481,597 
Catalent Pharma Solutions, Inc.  United States      3.50%  04/01/30   1,136,000    1,137,420 
Cheplapharm Arzneimittel GmbH  Germany      5.50%  01/15/28   1,180,000    1,224,038 
DaVita, Inc.  United States      3.75%  02/15/31   496,000    483,600 
DaVita, Inc.  United States      4.63%  06/01/30   1,126,000    1,159,623 
Endo Luxembourg Finance Co. I SARL  United States      6.13%  04/01/29   18,000    18,024 
IQVIA, Inc.  United States      5.00%  05/15/27   624,000    648,916 
Jazz Securities DAC  United States      4.38%  01/15/29   1,475,000    1,530,386 
Mozart Debt Merger Sub, Inc.  United States      5.25%  10/01/29   1,809,000    1,823,758 
Organon & Co.  United States      4.13%  04/30/28   1,720,000    1,756,550 
Organon & Co.  United States      5.13%  04/30/31   2,022,000    2,126,335 
Select Medical Corp.  United States      6.25%  08/15/26   1,609,000    1,694,036 
                       18,469,057 
HIGH TECH INDUSTRIES (0.77%)(i)                     
Endure Digital, Inc.  United States      6.00%  02/15/29   955,000    908,659 
International Game Technology PLC  United States      5.25%  01/15/29   997,000    1,066,810 
NCR Corp.  United States      5.13%  04/15/29   1,282,000    1,323,665 
Presidio Holdings, Inc.  United States      4.88%  02/01/27   311,000    321,496 
ZoomInfo Technologies LLC  United States      3.88%  02/01/29   826,000    822,931 
                       4,443,561 
HOTEL, GAMING, & LEISURE (1.56%)(i)                  
Caesars Entertainment, Inc.  United States      4.63%  10/15/29   610,000    618,388 
Cinemark USA, Inc.  United States      5.25%  07/15/28   1,541,000    1,520,104 
Gamma Bidco SpA  Italy      5.13%  07/15/25  483,000    572,029 
Premier Entertainment Sub LLC  United States      5.63%  09/01/29  $2,018,000    2,040,854 
Premier Entertainment Sub LLC  United States      5.88%  09/01/31   2,018,000    2,041,594 
Raptor Acquisition Corp.  Canada      4.88%  11/01/26   280,000    286,300 
Stonegate Pub Co. Financing 2019 PLC  United Kingdom      8.00%  07/13/25  £664,000    928,671 
Stonegate Pub Co. Financing 2019 PLC  United Kingdom      8.25%  07/31/25   734,000    1,042,436 
                       9,050,376 
MEDIA: ADVERTISING, PRINTING & PUBLISHING (0.72%)(i)               
Castle US Holding Corp.  United States      9.50%  02/15/28  $932,000    979,094 
Cimpress PLC  Ireland      7.00%  06/15/26   875,000    913,675 
Midas OpCo Holdings LLC  United States      5.63%  08/15/29   2,185,000    2,263,660 
                       4,156,429 
MEDIA: BROADCASTING & SUBSCRIPTION (1.46%)(i)               
CCO Holdings LLC  United States      5.13%  05/01/27   3,000,000    3,127,680 
CSC Holdings LLC  United States      4.63%  12/01/30   2,609,000    2,476,672 
IPD 3 BV  France      5.50%  12/01/25  494,000    599,621 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
MEDIA: BROADCASTING & SUBSCRIPTION (continued)        
Spanish Broadcasting System, Inc.  United States     9.75%  03/01/26  $1,183,000   $1,237,536 
Townsquare Media, Inc. (p)  United States      6.88%  02/01/26   929,000    975,738 
                       8,417,247 
MEDIA: DIVERSIFIED & PRODUCTION (1.76%)                  
ANGI Group LLC(i)  United States      3.88%  08/15/28   1,550,000    1,544,187 
Getty Images, Inc.(i)  United States      9.75%  03/01/27   2,310,000    2,463,038 
Lions Gate Capital Holdings LLC(i)  United States      5.50%  04/15/29   984,000    1,018,460 
National CineMedia LLC  United States      5.75%  08/15/26   3,117,000    2,499,055 
National CineMedia LLC(i)  United States      5.88%  04/15/28   817,000    749,017 
Sirius XM Radio, Inc.(i)  United States      4.13%  07/01/30   1,374,000    1,382,089 
Sirius XM Radio, Inc.(i)  United States      5.50%  07/01/29   500,000    541,250 
                       10,197,096 
RETAIL (2.14%)                        
Asbury Automotive Group, Inc.  United States      4.50%  03/01/28   294,000    302,085 
Asbury Automotive Group, Inc.  United States      4.75%  03/01/30   810,000    846,450 
Douglas GmbH(i)  Germany      6.00%  04/08/26  961,000    1,132,440 
Gap, Inc.(i)  United States      3.63%  10/01/29  $538,000    540,017 
Gap, Inc.(i)  United States      3.88%  10/01/31   538,000    538,673 
Group 1 Automotive, Inc.(i)  United States      4.00%  08/15/28   707,000    720,256 
Kirk Beauty SUN GmbH(e)(i)  Germany      8.25%  10/01/26  965,000    1,137,362 
LCM Investments Holdings II LLC(i)  United States      4.88%  05/01/29  $777,000    798,228 
LCM Investments Holdings II LLC, Series SEP(i)  United States      4.88%  05/01/29   239,000    245,529 
Lithia Motors, Inc.(i)  United States      3.88%  06/01/29   541,000    562,213 
Lithia Motors, Inc.(i)  United States      4.38%  01/15/31   1,554,000    1,660,837 
Maxeda DIY Holding BV(i)  Netherlands      5.88%  10/01/26  414,000    492,390 
Papa John's International, Inc.(i)  United States      3.88%  09/15/29  $305,000    303,856 
Penske Automotive Group, Inc.  United States      3.75%  06/15/29   2,334,000    2,350,058 
Sally Holdings LLC(i)  United States      8.75%  04/30/25   715,000    771,306 
                       12,401,700 
SERVICES: BUSINESS (1.13%)(i)                     
Constellation Automotive Financing PLC  United Kingdom      4.88%  07/15/27  £961,000    1,287,795 
Constellation Automotive Financing PLC  United Kingdom      4.88%  07/15/27   728,000    975,561 
NESCO Holdings II, Inc.  United States      5.50%  04/15/29  $617,000    640,724 
Syneos Health, Inc.  United States      3.63%  01/15/29   936,000    934,549 
US Acute Care Solutions LLC(p)  United States      6.38%  03/01/26   2,572,000    2,716,675 
                       6,555,304 
SERVICES: CONSUMER (0.38%)(i)                     
Deuce Finco PLC  United Kingdom      5.50%  06/15/27  £404,000    551,952 
WW International, Inc.  United States      4.50%  04/15/29  $1,664,000    1,631,240 
                       2,183,192 
TELECOMMUNICATIONS (2.11%)(i)                     
Altice France SA  France      5.50%  10/15/29   2,971,000    2,944,758 
Cablevision Lightpath LLC  United States      5.63%  09/15/28   320,000    321,657 
Cincinnati Bell, Inc.  United States      7.00%  07/15/24   165,000    168,132 
CommScope Technologies LLC  United States      5.00%  03/15/27   955,000    909,810 
CommScope Technologies LLC  United States      6.00%  06/15/25   979,000    992,461 
Connect Finco SARL(p)  United Kingdom      6.75%  10/01/26   937,000    981,564 
Frontier Communications Holdings LLC  United States      6.75%  05/01/29   1,207,000    1,273,681 
Northwest Fiber LLC  United States      6.00%  02/15/28   124,000    123,515 
Northwest Fiber LLC  United States      10.75%  06/01/28   1,331,000    1,499,119 
United Group BV  Netherlands      3.13%  02/15/26  475,000    533,418 
United Group BV  Netherlands      3.63%  02/15/28   707,000    792,253 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
TELECOMMUNICATIONS (continued)        
United Group BV(b)  Netherlands  3M EUR L + 3.25%   3.25%  02/15/26  309,000   $351,699 
Zayo Group Holdings, Inc.  United States      6.13%  03/01/28  $1,282,000    1,301,461 
                       12,193,528 
TRANSPORTATION: CARGO (0.19%)(i)(b)(h)                  
Naviera Armas S.A., Series Reg S  Spain  3M EUR L + 4.25%   4.25%  11/15/24  497,000    449,044 
Naviera Armas S.A., Series Reg S  Spain  3M EUR L + 6.50%   6.50%  07/31/23   732,000    667,305 
                       1,116,349 
TRANSPORTATION: CONSUMER (0.85%)(i)                  
First Student Bidco, Inc.  United States      4.00%  07/31/29  $1,417,000    1,399,287 
Uber Technologies, Inc.  United States      4.50%  08/15/29   932,000    940,155 
VistaJet Malta Finance PLC  Switzerland      10.50%  06/01/24   2,390,000    2,599,125 
                       4,938,567 
WHOLESALE (1.06%)(i)                        
Beacon Roofing Supply, Inc.  United States      4.13%  05/15/29   1,500,000    1,492,500 
Beacon Roofing Supply, Inc.  United States      4.50%  11/15/26   87,000    90,589 
GYP Holdings III Corp.  United States      4.63%  05/01/29   1,399,000    1,416,488 
Specialty Building Products Holdings LLC(p)  United States      6.38%  09/30/26   1,449,000    1,523,261 
SRS Distribution, Inc.  United States      4.63%  07/01/28   622,000    635,342 
SRS Distribution, Inc.  United States      6.13%  07/01/29   659,000    679,600 
TPro Acquisition Corp.  United States      11.00%  10/15/24   251,000    273,718 
                       6,111,498 
TOTAL CORPORATE BONDS                  
(Cost $176,135,003)                      177,946,840 
                         
CONVERTIBLE CORPORATE BONDS (0.21%)(f)                  
FIRE: REAL ESTATE (0.21%)                     
Apollo Commercial Real Estate Finance, Inc.  United States  5.38%       10/15/23  $1,216,000    1,230,440 
                         
TOTAL CONVERTIBLE CORPORATE BONDS                        
(Cost $939,476)                      1,230,440 

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
COLLATERALIZED LOAN OBLIGATIONS (13.45%)(b)(i)        
DEBT (13.30%)        
Adagio IV CLO, Ltd., Series 2021-A  Ireland  3M EUR L + 8.52%   8.52%  04/15/34  250,000    287,531 
Allegro CLO VII, Ltd., Series 2018-1A  Cayman Islands  3M US L + 5.75%   5.88%  06/13/31  $250,000    230,831 
Allegro CLO X, Ltd., Series 2019-1A  Cayman Islands  3M US L + 6.88%   7.01%  04/20/32   400,000    392,882 
AMMC CLO XI, Ltd., Series 2018-11A  Cayman Islands  3M US L + 5.80%   5.93%  04/30/31   400,000    380,960 
AMMC CLO XVIII, Ltd., Series 2018-18A  Cayman Islands  3M US L + 6.00%   6.12%  05/26/31   700,000    653,001 
Anchorage Credit Funding 13, Ltd., Series 2021-13A(f)  Cayman Islands      6.92%  07/27/39   2,300,000    2,161,508 
Anchorage Credit Funding Ltd., Series 2021-13A(f)  Cayman Islands      6.84%  07/27/39   350,000    327,272 
Apex Credit CLO 2018-I, Ltd., Series 2018-1A  Cayman Islands  3M US L + 5.65%   5.78%  04/25/31   300,000    264,167 
Apex Credit CLO 2019, Ltd., Series 2019-1A  Cayman Islands  3M US L + 7.10%   7.23%  04/18/32   400,000    371,066 
Arbour CLO II DAC, Series 2021-2A  Ireland  3M EUR L + 8.30%   8.30%  04/15/34  500,000    579,409 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
DEBT (continued)        
Atlas Senior Loan Fund VII, Ltd., Series 2018-7A  Cayman Islands  3M US L + 6.40%   6.52%  11/27/31  $300,000   $283,313 
Atlas Senior Loan Fund X, Ltd., Series 2018-10A  Cayman Islands  3M US L + 5.70%   5.83%  01/15/31   300,000    262,872 
Atlas Senior Loan Fund XI, Ltd., Series 2018-11A  Cayman Islands  3M US L + 5.75%   5.88%  07/26/31   250,000    228,896 
Atlas Senior Loan Fund XII, Ltd., Series 2018-12A  Cayman Islands  3M US L + 5.95%   6.08%  10/24/31   100,000    89,822 
Atlas Senior Loan Fund XIII, Series 2019-13A  Cayman Islands  3M US L + 6.95%   7.09%  04/22/31   400,000    372,544 
Atlas Senior Loan Fund XIV, Series 2019-14A  Cayman Islands  3M US L + 6.94%   7.07%  07/20/32   650,000    608,774 
Barings Euro CLO 2018-3 DAC, Series 2018-3A  Netherlands  3M EUR L + 7.93%   8.06%  07/27/31  400,000    449,590 
Barings Euro CLO 2019-2 DAC, Series 2020-2A  Ireland  3M EUR L + 8.78%   8.78%  07/24/32   400,000    448,695 
Barings Euro CLO 2021-2 DAC, Series 2021-2A  Ireland  3M EUR L + 8.99%   8.99%  10/15/34   700,000    792,405 
Blackrock European CLO III Designated Activity Co., Series 2021-3A  Ireland  3M EUR L + 8.56%   8.56%  07/19/35   675,000    777,189 
BlueMountain CLO 2016-3, Ltd., Series 2018-3A  Cayman Islands  3M US L + 2.20%   2.33%  11/15/30  $300,000    300,000 
BlueMountain CLO 2016-3, Ltd., Series 2018-3A  Cayman Islands  3M US L + 5.95%   6.08%  11/15/30   300,000    280,455 
BlueMountain CLO 2018-1, Ltd., Series 2018-1A  Cayman Islands  3M US L + 5.95%   6.08%  07/30/30   400,000    382,081 
BlueMountain CLO 2018-3, Ltd., Series 2018-3A  Cayman Islands  3M US L + 5.95%   6.08%  10/25/30   2,400,000    2,308,464 
Cairn CLO XIII DAC, Series 2021-13A  Netherlands  3M EUR L + 8.44%   8.44%  10/20/33  700,000    799,718 
Carlyle Euro CLO 2017-1 DAC, Series 2021-1A  Ireland  3M EUR L + 8.89%   8.89%  07/15/34   450,000    507,356 
Carlyle Euro CLO 2021-1 DAC, Series 2021-1A  Ireland  3M EUR L + 8.49%   8.49%  01/15/34   700,000    794,291 
Carlyle Euro CLO 2021-2 DAC, Series 2021-2A  Ireland  3M EUR L + 8.77%   8.77%  10/15/35   1,100,000    1,237,229 
Carlyle Global Market Strategies CLO 2012-4, Ltd., Series 2019-4A  United States  3M US L + 7.29%   7.43%  04/22/32  $1,300,000    1,276,314 
Carlyle Global Market Strategies CLO 2013-3, Ltd., Series 2017-3A  Cayman Islands  3M US L + 1.70%   1.83%  10/15/30   300,000    298,258 
Carlyle Global Market Strategies CLO 2013-3, Ltd., Series 2017-3A  Cayman Islands  3M US L + 5.50%   5.63%  10/15/30   400,000    362,111 
Carlyle Global Market Strategies CLO 2014-4-R, Ltd., Series 2018-4RA  Cayman Islands  3M US L + 2.90%   3.03%  07/15/30   500,000    478,158 
Carlyle Global Market Strategies CLO 2015-5, Ltd., Series 2019-5A  Cayman Islands  3M US L + 6.70%   6.83%  01/20/32   400,000    382,068 
Carlyle Global Market Strategies CLO 2017-3, Ltd., Series 2017-3A  Cayman Islands  3M US L + 6.11%   6.24%  07/20/29   400,000    376,167 
CARLYLE US CLO 2017-1, Ltd., Series 2017-1A  Cayman Islands  3M US L + 6.00%   6.13%  04/20/31   400,000    374,640 
CarVal CLO II, Ltd., Series 2021-1A  Cayman Islands  3M US L + 6.57%   6.70%  04/20/32   2,000,000    1,979,004 
CBAM 2017-2, Ltd., Series 2021-2A  Cayman Islands  3M US L + 7.10%   7.23%  07/17/34   500,000    495,076 
Cedar Funding IV CLO, Ltd., Series 2021-4A  Cayman Islands  3M US L + 6.61%   6.78%  07/23/34   650,000    646,550 
CIFC European Funding CLO II DAC, Series 2020-2A  Ireland  3M EUR L + 7.70%   7.70%  04/15/33  400,000    448,987 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
DEBT (continued)        
CIFC Funding 2013-III-R, Ltd., Series 2018-3RA  Cayman Islands  3M US L + 5.90%   6.03%  04/24/31  $500,000   $486,350 
CIFC Funding 2014-II-R, Ltd., Series 2018-2RA  Cayman Islands  3M US L + 5.69%   5.82%  04/24/30   300,000    286,230 
Clarinda Park CLO DAC, Series 2021-1A  Ireland  3M EUR L + 7.62%   7.62%  02/15/34  400,000    441,762 
Columbia Cent CLO 31, Ltd., Series 2021-31A  Cayman Islands  3M US L + 6.55%   6.68%  04/20/34  $400,000    393,197 
Crestline Denali CLO XIV, Ltd., Series 2018-1A  Cayman Islands  3M US L + 6.35%   6.49%  10/23/31   250,000    229,172 
Crestline Denali CLO XVII, Ltd., Series 2018-1A  Cayman Islands  3M US L + 3.25%   3.38%  10/15/31   400,000    394,998 
Crown Point CLO 7, Ltd., Series 2018-7A  Cayman Islands  3M US L + 6.30%   6.43%  10/20/31   250,000    231,221 
Crown Point CLO IV, Ltd., Series 2018-4A  Cayman Islands  3M US L + 5.50%   5.63%  04/20/31   300,000    270,003 
CVC Cordatus Loan Fund VIII DAC, Series 2021-8A  Ireland  3M EUR L + 8.37%   8.37%  07/15/34  700,000    797,420 
CVC Cordatus Loan Fund XVII DAC, Series 2021-17A  Ireland  3M EUR L + 8.56%   8.56%  11/18/33   600,000    674,852 
CVC Cordatus Loan Fund XX DAC, Series 2021-20A  Ireland  3M EUR L + 8.33%   8.33%  06/22/34   600,000    685,970 
Dartry Park CLO DAC, Series 2021-1A  Ireland  3M EUR L + 7.67%   7.67%  01/28/34   2,250,000    2,581,986 
Dryden Euro CLO, Series 2021-88A  Netherlands  3M EUR L + 8.38%   8.38%  07/20/34   250,000    282,940 
Elevation CLO 2018-9, Ltd., Series 2018-9A  Cayman Islands  3M US L + 6.30%   6.43%  07/15/31  $550,000    521,318 
Euro-Galaxy IV CLO BV, Series 2021-4A  Netherlands  3M EUR L + 8.88%   8.88%  07/30/34  450,000    507,743 
GoldenTree Loan Management EUR CLO 3 DAC, Series 2019-3A  Ireland  3M EUR L + 8.32%   8.32%  01/20/32   300,000    341,638 
GoldenTree Loan Management EUR CLO 4 DAC, Series 2021-4A  Ireland  3M EUR L + 8.58%   8.58%  07/20/34   500,000    570,753 
Greywolf CLO V, Ltd., Series 2018-1A  Cayman Islands  3M US L + 5.85%   5.98%  01/27/31  $1,625,000    1,592,087 
Harvest CLO XXVI DAC, Series 2021-26A  Ireland  3M EUR L + 8.55%   8.55%  01/15/34  750,000    851,620 
Hayfin Emerald CLO II DAC, Series 2021-2A  Ireland  3M EUR L + 8.43%   8.43%  05/27/34   1,050,000    1,193,158 
Hayfin Emerald CLO VII DAC, Series 2021-7A  Ireland  3M EUR L + 8.65%   8.65%  04/15/34   300,000    336,675 
Hayfin Kingsland XI, Ltd., Series 2019-2A  Cayman Islands  3M US L + 6.90%   7.03%  07/20/32  $3,500,000    3,493,634 
ICG US CLO 2014-2, Ltd., Series 2018-2A  Cayman Islands  3M US L + 5.20%   5.33%  01/15/31   250,000    225,728 
ICG US CLO 2015-2R, Ltd., Series 2020-2RA  Cayman Islands  3M US L + 6.99%   7.12%  01/16/33   600,000    571,952 
ICG US CLO 2016-1, Ltd., Series 2021-1A  Cayman Islands  3M US L + 7.44%   7.55%  04/29/34   1,050,000    1,039,995 
ICG US CLO 2017-1, Ltd., Series 2021-1A  Cayman Islands  3M US L + 7.36%   7.49%  07/28/34   650,000    642,623 
Invesco Euro CLO, Series 2021-6A  Ireland  3M EUR L + 8.58%   8.58%  07/15/34  500,000    571,483 
Jamestown CLO XI, Ltd., Series 2018-11A  Cayman Islands  3M US L + 6.02%   6.15%  07/14/31  $350,000    334,406 
Jubilee CLO 2013-X BV, Series 2021-10A  Netherlands  3M EUR L + 8.55%   8.55%  05/20/34  600,000    681,034 
KKR CLO 14, Ltd., Series 2018-14  Cayman Islands  3M US L + 6.15%   6.28%  07/15/31  $400,000    389,790 
KKR CLO 15, Ltd., Series 2018-15  Cayman Islands  3M US L + 6.44%   6.57%  01/18/32   250,000    243,063 
KKR CLO 25, Ltd., Series 2021-25  Cayman Islands  3M US L + 6.72%   6.85%  07/15/34   625,000    620,352 
Madison Park Euro Funding XII DAC, Series 2018-12A  Ireland  3M EUR L + 6.90%   6.90%  10/15/31  1,200,000    1,328,758 
Madison Park Euro Funding XVI DAC, Series 2021-16A  Ireland  3M EUR L + 8.39%   8.39%  05/25/34   1,300,000    1,476,999 
Madison Park Euro Funding XVII DAC, Series 2021-17A  Ireland  3M EUR L + 8.62%   8.62%  07/27/34   550,000    617,937 
Marble Point CLO XII, Ltd., Series 2018-1A  Cayman Islands  3M US L + 3.00%   3.13%  07/16/31  $550,000    522,920 
Midocean Credit CLO IX, Series 2018-9A  Cayman Islands  3M US L + 3.30%   3.43%  07/20/31   300,000    295,181 
Milltown Park CLO DAC, Series 2018-1A  Ireland  3M EUR L + 6.40%   6.40%  01/15/31  600,000    668,677 
Mountain View CLO 2017-2 LLC, Series 2018-2A  Cayman Islands  3M US L + 5.96%   6.09%  01/16/31  $900,000    837,462 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
DEBT (continued)        
Mountain View CLO IX, Ltd., Series 2018-9A  Cayman Islands  3M US L + 6.08%   6.21%  07/15/31  $700,000   $636,781 
Northwoods Capital XI-B, Ltd., Series 2018-11BA  Cayman Islands  3M US L + 5.80%   5.93%  04/19/31   250,000    225,160 
Northwoods Capital XII-B, Ltd., Series 2018-12BA  Cayman Islands  3M US L + 3.15%   3.27%  06/15/31   300,000    283,921 
Northwoods Capital XII-B, Ltd., Series 2018-12BA  Cayman Islands  3M US L + 5.788%   5.90%  06/15/31   250,000    229,556 
Northwoods Capital XVII, Ltd., Series 2018-17A  Cayman Islands  3M US L + 5.65%   5.79%  04/22/31   600,000    534,789 
Northwoods Capital XVIII, Ltd., Series 2019-18A  Cayman Islands  3M US L + 6.58%   6.71%  05/20/32   400,000    377,744 
Oaktree CLO 2018-1, Ltd., Series 2018-1A  Cayman Islands  3M US L + 6.15%   6.28%  10/20/30   300,000    282,341 
Oaktree CLO 2019-1, Ltd., Series 2019-1A  Cayman Islands  3M US L + 6.80%   6.94%  04/22/30   650,000    603,799 
Oaktree CLO 2019-2, Ltd., Series 2019-2A  Cayman Islands  3M US L + 6.77%   6.90%  04/15/31   800,000    771,681 
Oaktree CLO 2020-1, Ltd., Series 2021-1A  Cayman Islands  3M US L + 6.51%   6.64%  07/15/34   1,050,000    1,038,788 
Ocean Trails CLO V, Series 2018-5A  Cayman Islands  3M US L + 3.45%   3.58%  10/13/31   650,000    617,778 
Ocean Trails CLO V, Series 2018-5A  Cayman Islands  3M US L + 6.50%   6.63%  10/13/31   150,000    138,860 
OZLM Funding IV, Ltd., Series 2017-4A  Cayman Islands  3M US L + 6.30%   6.44%  10/22/30   693,421    667,558 
OZLM IX, Ltd., Series 2018-9A  Cayman Islands  3M US L + 6.12%   6.25%  10/20/31   850,000    810,710 
OZLM VI, Ltd., Series 2018-6A  Cayman Islands  3M US L + 6.05%   6.18%  04/17/31   250,000    235,168 
OZLM XXI, Ltd., Series 2018-21A  Cayman Islands  3M US L + 5.54%   5.67%  01/20/31   300,000    283,403 
OZLM XXII, Ltd., Series 2018-22A  Cayman Islands  3M US L + 5.30%   5.43%  01/17/31   250,000    229,562 
Parallel 2018-1, Ltd., Series 2018-1A  Cayman Islands  3M US L + 5.25%   5.38%  04/20/31   300,000    255,883 
Penta CLO 6 DAC, Series 2021-6A  Ireland  3M EUR L + 9.35%   9.35%  07/25/34  500,000    573,156 
Penta CLO 9 DAC, Series 2021-9A  Ireland  3M EUR L + 8.74%   8.74%  07/25/36   550,000    624,926 
Regatta XIII Funding, Ltd., Series 2018-2A  Cayman Islands  3M US L + 5.95%   6.08%  07/15/31  $900,000    858,426 
Saranac CLO VIII, Ltd., Series 2020-8A  United States  3M US L + 8.12%   8.25%  02/20/33   100,000    98,688 
Sculptor European CLO II DAC, Series 2021-2A  Ireland  3M EUR L + 8.28%   8.28%  04/15/34  700,000    786,041 
Shackleton 2014-V-R CLO, Ltd., Series 2018-5RA  Cayman Islands  3M US L + 6.15%   6.32%  05/07/31  $650,000    596,485 
Shackleton 2015-VII-R CLO, Ltd., Series 2018-7RA  Cayman Islands  3M US L + 6.20%   6.33%  07/15/31   250,000    229,533 
Sound Point CLO II, Ltd., Series 2018-1A  Cayman Islands  3M US L + 5.50%   5.63%  01/26/31   300,000    268,755 
SOUND POINT CLO VII-R, Ltd., Series 2018-3RA  Cayman Islands  3M US L + 6.12%   6.26%  10/23/31   300,000    272,014 
Sound Point CLO V-R, Ltd., Series 2018-1RA  Cayman Islands  3M US L + 3.10%   3.23%  07/18/31   450,000    433,616 
Sound Point CLO V-R, Ltd., Series 2018-1RA  Cayman Islands  3M US L + 6.10%   6.23%  07/18/31   300,000    279,699 
Sound Point CLO XXII, Ltd., Series 2019-1A  Cayman Islands  3M US L + 6.30%   6.43%  01/20/32   300,000    286,328 
Sound Point CLO XXIII, Series 2021-2A  Cayman Islands  3M US L + 6.47%   6.60%  07/15/34   1,200,000    1,171,745 
Sounds Point CLO IV-R, Ltd., Series 2018-3RA  Cayman Islands  3M US L + 3.25%   3.38%  04/18/31   300,000    288,439 
St Paul's CLO VII DAC, Series 2021-7A  Ireland  3M EUR L + 8.55%   8.55%  07/18/34  750,000    855,396 
Steele Creek CLO 2017-1, Ltd., Series 2017-1A  Cayman Islands  3M US L + 6.20%   6.33%  10/15/30  $250,000    228,333 
Symphony CLO XV, Ltd., Series 2018-15A  Cayman Islands  3M US L + 6.33%   6.46%  01/17/32   1,000,000    950,993 
TCW CLO 2017-1A, Ltd., Series 2021-1A  Cayman Islands  3M US L + 6.78%   6.91%  10/29/34   500,000    475,000 
THL Credit Wind River 2013-2 CLO, Ltd., Series 2017-2A  Cayman Islands  3M US L + 2.95%   3.08%  10/18/30   250,000    242,595 
THL Credit Wind River 2014-2 CLO, Ltd., Series 2018-2A  Cayman Islands  3M US L + 2.90%   3.03%  01/15/31   450,000    442,751 
THL Credit Wind River 2014-3K CLO, Ltd., Series 2018-3KRA  Cayman Islands  3M US L + 6.09%   6.22%  10/15/30   400,000    366,126 
Trinitas CLO IV, Ltd., Series 2018-4A  Cayman Islands  3M US L + 6.30%   6.43%  10/18/31   350,000    321,950 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
DEBT (continued)        
Venture 44 CLO, Ltd., Series 2021-44A  Cayman Islands  3M US L + 6.53%   6.66%  10/20/34  $1,500,000   $1,428,879 
Venture XXII CLO, Ltd., Series 2018-22A  Cayman Islands  3M US L + 5.65%   5.78%  01/15/31   300,000    266,132 
Venture XXX CLO, Ltd., Series 2017-30A  Cayman Islands  3M US L + 6.30%   6.43%  01/15/31   200,000    188,318 
Venture XXXII CLO, Ltd., Series 2018-32A  Cayman Islands  3M US L + 5.75%   5.88%  07/18/31   300,000    273,178 
Venture XXXIII CLO, Ltd., Series 2018-33A  Cayman Islands  3M US L + 5.95%   6.08%  07/15/31   200,000    179,675 
Venture XXXIV CLO, Ltd., Series 2018-34A  Cayman Islands  3M US L + 6.13%   6.26%  10/15/31   200,000    189,504 
Venture XXXV CLO, Ltd., Series 2018-35A  Cayman Islands  3M US L + 6.20%   6.34%  10/22/31   300,000    267,290 
Venture XXXVI CLO, Ltd., Series 2019-36A  Cayman Islands  3M US L + 6.92%   7.05%  04/20/32   300,000    282,413 
Vibrant CLO 1X, Ltd., Series 2018-9A  Cayman Islands  3M US L + 3.20%   3.33%  07/20/31   300,000    289,874 
Voya CLO 2016-3, Ltd., Series 2018-3A  Cayman Islands  3M US L + 6.08%   6.21%  10/18/31   250,000    230,199 
Wellfleet CLO X, Ltd., Series 2021-XA  Cayman Islands  3M US L + 6.61%   6.74%  07/20/32   1,300,000    1,290,666 
Wind River 2014-1 CLO, Ltd., Series 2018-1A  Cayman Islands  3M US L + 6.30%   6.43%  07/18/31   1,050,000    963,590 
Wind River 2014-3 CLO, Ltd., Series 2018-3A  Cayman Islands  3M US L + 6.22%   6.36%  10/22/31   250,000    238,992 
                       76,885,928 
EQUITY (0.15%)(j)                        
Anchorage Credit Funding 13, Ltd., Series 2021-13A  Cayman Islands      8.72%  07/27/39  $850,000    876,350 
                       876,350 
TOTAL COLLATERALIZED LOAN OBLIGATIONS                        
(Cost $77,218,567)                      77,762,278 
                         
EQUITY INTEREST (2.96%)(k)                     
AEROSPACE & DEFENSE (0.10%)(c)(l)                     
Kellstrom Aerospace Group, Inc.  United States              107    81,893 
Meggitt-USA, Inc., Class A  United States              7,000    525,560 
                       607,453 
CAPITAL EQUIPMENT (0.03%)(c)(l)                     
East BCC Coinvest III, LLC  United States              241,930    155,156 
                         
CONSTRUCTION & BUILDING (0.59%)(c)(l)(m)                  
Bain Capital Credit CC Fund  United States              2,001    3,389,154 
                         
CONSUMER GOODS: DURABLE (0.01%)(c)(l)                        
TLC Holdco LP  United States              103,961    44,269 
                         
CONSUMER GOODS: NON-DURABLE (0.01%)(c)(l)                  
FineLine Parent Holdings, LP, Class A  United States              41,077    49,132 
                         
ENERGY: OIL & GAS (0.74%)(l)                     
Blackbrush Oil – Common(c)  United States              75,310     
Blackbrush Oil - Preferred(c)  United States              2,420,690    1,166,803 
Bruin Blocker LLC(c)  United States              27,864     
Ultra Petroleum Corp(c)  United States              18,673    809,941 
Ultra Resources, Inc., Class A  United States              52,870    2,293,236 
                       4,269,980 
HIGH TECH INDUSTRIES (0.41%)(c)(l)                     
Oneshield Partners LP  United States              434,783    1,847,619 
OneShield Partners LP  United States              369,888    369,888 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
EQUITY INTEREST (continued)        
HIGH TECH INDUSTRIES (continued)        
Red Cypress Co-Investment Partners LP, Interests  United States           186,900   $140,674 
                       2,358,181 
MEDIA: ADVERTISING, PRINTING & PUBLISHING (0.00%)(l)(n)                  
PacificCo  United States              1,260    5,040 
                         
MEDIA: DIVERSIFIED & PRODUCTION (0.19%)                  
Cineworld Group PLC Warrant, Strike Price $41.49  United Kingdom              84,898    47,473 
Technicolor USA, Inc.(l)  France              303,315    1,029,437 
                       1,076,910 
METALS & MINING (0.11%)(l)                     
American Consolidated Natural Resources, Inc.  United States              2,639    105,560 
American Consolidated Natural Resources, Inc. Preferred  United States              2,507    535,871 
                       641,431 
SERVICES: BUSINESS (0.40%)(c)(l)                  
Astorg Co-invest Opus 2  Luxembourg              1,160,000    1,752,276 
Marlin-Stark Aggregator, L.P. Series A Preferred Units  Cayman Islands              415,000    559,171 
                       2,311,447 
SERVICES: CONSUMER (0.11%)(c)(l)                     
MZR Aggregator, LLC  United States              52    54,315 
Pack-a-Punch Lux Topco SARL  Luxembourg              252,000    339,545 
WSP Midco LLC Series A  United States              254,000    254,000 
                       647,860 
TELECOMMUNICATIONS (0.08%)(c)                     
ACM dcBLOX LLC Warrant, Strike Price $0.01  United States              28,120     
ACM dcBLOX LLC, Series A Preferred(l)  United States              463,328    488,239 
                       488,239 
TRANSPORTATION: CARGO (0.06%)(c)                  
GIACF Grammer Equity Holdings, LLC - Common Stock(l)  United States              84,221    85,134 
GIACF Grammer Equity Holdings, LLC - Preferred Stock (10.00% PIK)  United States              625    64,090 
GIACF Grammer Equity Holdings, LLC - Warrants, Strike Price $9.00  United States              10,151    10,159 
Toro Private Investments LP(l)  United States              324,324    211,502 
                       370,885 
UTILITIES: ELECTRIC (0.12%)(c)                     
New Frontera Holdings Warrant, Strike Price $9.00  United States              65,038    715,418 
                         
TOTAL EQUITY INTEREST                        
(Cost $12,004,174)                      17,130,555 

   

 

Description  Country  Spread Above Index  Rate   Maturity Date  Principal Amount   Value (Note 2)(a) 
EXCHANGE TRADED FUNDS (1.87%)        
iShares® iBoxx High Yield Corporate Bond ETF                 30,915   $2,704,753 
Invesco Senior Loan ETF                 245,287    5,423,296 
SPDR® Bloomberg High Yield Bond ETF                 24,762    2,707,972 
                         
TOTAL EXCHANGE TRADED FUNDS                        
(Cost $10,801,688)                      10,836,021 
                         
TOTAL INVESTMENTS (126.51%)                        
(Cost $720,960,941)                     $731,718,404 
                         
Liabilities in Excess of Other Assets (-26.51%)(o)                      (153,322,601)
NET ASSETS (100.00%)                     $578,395,803 

 

Reference Rates:

3M BBSY - 3 Month BBSY as of September 30, 2021 was 0.10%

6M BBSY - 6 Month BBSY as of September 30, 2021 was 0.14%

1M US L - 1 Month US LIBOR as of September 30, 2021 was 0.08%

2M US L - 2 Month US LIBOR as of September 30, 2021 was 0.11%

3M US L - 3 Month US LIBOR as of September 30, 2021 was 0.13%

6M US L - 6 Month US LIBOR as of September 30, 2021 was 0.16%

1M EUR L - 1 Month EURIBOR as of September 30, 2021 was (0.57)%

3M EUR L - 3 Month EURIBOR as of September 30, 2021 was (0.56)%

6M EUR L - 6 Month EURIBOR as of September 30, 2021 was (0.53)%

3M GBP L - 3 Month GBP LIBOR as of September 30, 2021 was 0.08%

6M GBP L - 6 Month GBP LIBOR as of September 30, 2021 was 0.17%

1M CDOR - 1 Month CDOR as of September 30, 2021 was 0.43%

3M CDOR - 3 Month CDOR as of September 30, 2021 was 0.45%

12M SONIA - 12 Month SONIA as of September 30, 2021 was 0.05%

PRIME as of September 30, 2021 was 3.25%

 

(a) Investment holdings denominated in foreign currencies are converted to U.S. Dollars using period end spot rates.
(b) Floating or variable rate security.  The reference rate is described above.  The rate in effect as of September 30, 2021 is based on the reference rate plus the displayed spread as of the security's last reset date.
(c) Security is classified as Level 3 in the Fund's fair value hierarchy (see Note 2).
(d) Investment or portion thereof was not funded as of September 30, 2021.  The Fund had $13,276,055 at par value in unfunded commitments pursuant to Delayed Draw Term Loan facilities and unused Revolver capacities. The Consolidated Schedule of Investments records each of these investments as fully funded.  A corresponding payable for investments purchased has also been recorded which represents the actual unfunded amount on the balance sheet date.    

   

 

Unfunded Security  Total revolving and delayed draw loan commitments   Less: drawn commitments   Total undrawn commitments 
9 Story Media Group Inc. Revolver, First Lien Term Loan  $707,093   $122,472   $584,621 
AMI US Holdings Inc. Revolver Loan   145,361    58,144    87,217 
Appriss Health LLC, First Lien Revolving Credit Term Loan   65,875        65,875 
Brook Bidco I Limited, CA Facility 1   848,862        848,862 
Brook Bidco I Limited, CA Facility 2   633,278        633,278 
Brook Bidco I Limited, Revolving   208,847    2,088    206,759 
CST Buyer Company, Revolving Credit Facility Term Loan   233,472        233,472 
ENC Parent Corp., First Lien Delayed Draw Term Loan   74,568        74,568 
Engineered Components and Systems LLC, First Lien Delayed Draw Term Loan   179,478        179,478 
Grammer Purchaser, Inc., First Lien Revolving Term Loan   90,000        90,000 
HighTower Holdings LLC, Delayed Draw Term Loan   127,316        127,316 
Intelsat Jackson Holdings SA, First Lien Term Loan   107,609    89,675    17,934 
Kellstrom Commercial Aerospace, Inc. - Revolver   361,314    209,562    151,752 
Midcap Invest UK Acquisition Facility   1,513,130        1,513,130 
MRH Trowe Beteiligungsgesellschaft mbH Acquisition   2,745,280        2,745,280 
MRI Software LLC, Delayed Draw Term Loan   38,984        38,984 
MRI Software LLC, First Lien Revolving Term Loan   155,944        155,944 
MZR Buyer, LLC, Revolving Loan   341,954        341,954 
Naviera Armas S.A. Facility B2   74,016    40,288    33,728 
New Look Vision Group, Inc., First Lien Canadian Delayed Draw Term Loan   778,323    236,569    541,754 
New Look Vision Group, Inc., First Lien Canadian Revolving Term Loan   266,856    26,685    240,171 
Oneshield, Inc., Revolver Loan   115,942        115,942 
Pack-A-Punch Bidco Limited Acquisition Facility   781,492        781,492 
Pro Mach Group, Inc., First Lien Delayed Draw Term Loan   214,914        214,914 
Refficiency Holdings LLC Delayed Term Loan, First Lien Term Loan   69,186    -    69,186 
Refine Intermediate, Inc., Revolving Facility Term Loan   467,256        467,256 
RVR Dealership Holdings LLC, First Lien Delayed Draw Term Loan   82,722        82,722 
Sontiq, Inc. (fka EZShield, Inc), Revolving Credit Facility   123,549        123,549 
Sovos Compliance, LLC Term Loan-DD 1L   83,047        83,047 
SumUp Holdings Midco SARL Delayed Draw   3,821,602    3,159,190    662,412 
Sunmed Group Holdings, LLC, Revolver   137,842    44,110    93,732 
TLC Purchaser, Inc. Delayed Draw Term Loan   623,197        623,197 
TLC Purchaser, Inc. Revolver Loan   778,763    560,709    218,054 
Tricorbraun Holdings, Inc., First Lien Delayed Draw Term Loan   194,418    66,317    128,101 
Trident TPI Holdings, Inc., First Lien Delayed Draw Tem Term Loan   61,321        61,321 
Whitcraft LLC, First Lien Revolving Term Loan   158,575        158,575 
World Insurance Associates, LLC, Delayed Draw Term Loan   733,179    531,147    202,032 
World Insurance Associates, LLC, Revolving, Revolving Term Loan   81,464        81,464 
WSP Midco LLC, Delayed Draw Term Loan   158,380        158,380 
WSP Midco LLC, Revolving Loan   38,602        38,602 
Total  $18,423,011   $5,146,956   $13,276,055 

 

(e) Paid in kind security which may pay interest in additional par.
(f) Fixed rate security.
(g) Investment or portion thereof has not settled as of September 30, 2021. The interest rate shown represents the stated spread over the applicable London Interbank Offered Rate ("LIBOR" or "L") or Euro Interbank Offered Rate ("EURIBOR" or "EUR L"); the Fund will not accrue interest until the settlement date at which point LIBOR or EURIBOR will be established.  If the position is partially settled, the reference rate and floor shown is applicable to the settled portion.
(h) See Note 2 regarding defaulted securities.
(i) Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended (the "Securities Act") and Regulation S of the Securities Act. These securities may be sold in the ordinary course of business in transactions exempt from registration normally to qualified institutional buyers. As of September 30, 2021, the aggregate market value of such securities was $247,067,158, representing 42.72% of net assets.

(j)

 

CLO subordinated notes, income notes, and Class M notes are considered CLO equity positions. CLO equity positions are entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying securities less contractual payments to debt holders and fund expenses.
(k) Securities may be deemed to be “restricted securities” under the Securities Act. As of September 30, 2021, the restricted securities were as follows:

   

 

Restricted  Acquisition Date  Cost   Value September 30, 2021   Value as  Percentage of Net  Assets Applicable to Common Stockholders September 30, 2021
ACM dcBLOX LLC Warrant  03/22/2021  $281   $   –%
ACM dcBLOX LLC, Series A Preferred  03/22/2021   463,328    488,239   0.08%
American Consolidated Natural Resources, Inc.  09/16/2020 - 05/19/2021   30,348    105,560   0.02%
American Consolidated Natural Resources, Inc. Preferred  09/16/2020   37,605    535,871   0.09%
Astorg Co-invest Opus 2  06/15/2021   1,406,726    1,752,276   0.30%
Bain Capital Credit CC Fund  09/05/2018 - 06/29/2021   2,004,531    3,389,154   0.59%
Blackbrush Oil - Common  09/21/2020          –%
Blackbrush Oil - Preferred  09/30/2020   677,793    1,166,803   0.20%
Bruin Blocker LLC  08/31/2020          –%
Cineworld Group PLC Warrant  11/23/2020       47,473   0.01%
East BCC Coinvest III, LLC  07/23/2019   241,930    155,156   0.03%
FineLine Parent Holdings, LP, Class A  02/22/2021   41,077    49,132   0.01%
GIACF Grammer Equity Holdings, LLC - Common Stock  10/01/2018 - 04/02/2019   84,221    85,134   0.01%
GIACF Grammer Equity Holdings, LLC - Preferred Stock (10.00% PIK)  10/01/2018 - 01/01/2021   62,992    64,090   0.01%
GIACF Grammer Equity Holdings, LLC - Warrants  10/01/2018       10,159   0.00%
Kellstrom Aerospace Group, Inc.  07/09/2019 - 07/10/2019   171,782    81,893   0.01%
Marlin-Stark Aggregator, L.P. Series A Preferred Units      572,035    559,171   0.10%
Meggitt-USA, Inc., Class A  06/30/2020   700,000    525,560   0.09%
MZR Aggregator, LLC  12/31/2020   52,379    54,315   0.01%
New Frontera Holdings Warrant      715,418    715,418   0.12%
Oneshield Partners LP  09/09/2020   434,783    1,847,619   0.32%
OneShield Partners LP      369,888    369,888   0.06%
PacificCo  03/05/2019   383,355    5,040   0.00%(o)
Pack-a-Punch Lux Topco SARL      348,364    339,545   0.06%
Red Cypress Co-Investment Partners LP, Interests  05/03/2021   186,900    140,674   0.03%
Technicolor USA, Inc.  09/22/2020 - 12/14/2020   854,648    1,029,437   0.18%
TLC Holdco LP  10/11/2019   103,961    44,269   0.01%
Toro Private Investments LP  03/19/2019   324,324    211,502   0.04%
Ultra Petroleum Corp  09/11/2020   214,740    809,941   0.14%
Ultra Resources, Inc., Class A  09/28/2020   1,266,765    2,293,236   0.40%
WSP Midco LLC Series A      254,000    254,000   0.04%
Total     $12,004,174   $17,130,555   2.96%

 

(l) Non-income producing security.
(m) The Fund's interest in this investment is held through a wholly-owned subsidiary of the Fund, GIACF Alternative Holdings, LLC, a Cayman Islands company formed to effect certain non-performing loan investments for the Fund.
(n) Less than 0.005%.
(o) Includes cash pledged as collateral under the secured revolving credit facility entered into by CRDTX SPV I, LLC and Citibank N.A..
 (p) Security or portion thereof pledged as collateral under the secured revolving credit facility entered into by CRDTX SPV I, LLC and Citibank N.A..

   

 

Common Abbreviations:

BBSY - Bank Bill Swap Bid Rate

CDOR - Canadian Dollar Offered Rate

CLO - Collateralized Loan Obligation

GmbH - German Company with limited liability

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LLLP - Limited Liability Limited Partnership

LP - Limited Partnership

Ltd - Limited Company

PIK - Payment in Kind

PLC - Public Limited Company

Reg S - Regulation S

S.A. - Société Anonyme

SARL - Société A Responsabilité Limitée

SONIA - Sterling Overnight Index Average

 

OUTSTANDING FORWARD FOREIGN CURRENCY CONTRACTS        
Counterparty  Settlement Date  Fund Receiving  Value   Fund Delivering  Value   Unrealized Appreciation/ (Depreciation) 
Bank of New York Mellon  10/06/21  USD   4,100,440   AUD   3,997,951   $102,489 
Bank of New York Mellon  09/02/22  USD   5,046,237   CAD   5,037,957    8,280 
Bank of New York Mellon  10/06/21  USD   62,801,136   EUR   61,290,717    1,510,419 
Bank of New York Mellon  09/02/22  USD   10,392,651   EUR   10,128,156    264,495 
Bank of New York Mellon  10/06/21  USD   21,816,814   GBP   21,261,975    554,839 
                      $2,440,522 

 

See Notes to Quarterly Consolidated Portfolio of Investments.

   

 

Griffin Institutional Access Credit Fund

Notes to Quarterly Consolidated Schedule of Investments

September 30, 2021 (Unaudited)

 

1. ORGANIZATION

 

Griffin Institutional Access Credit Fund (the “Fund”) is registered with the U.S. Securities and Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), as a diversified, closed-end management investment company. The Fund was organized as a statutory trust on April 5, 2016 under the laws of the State of Delaware. The Fund commenced operations on April 3, 2017 and is authorized to issue an unlimited number of shares with no par value. The Fund engages in a continuous offering of shares and operates as an interval fund that offers quarterly repurchases of shares at net asset value. The Fund’s investment adviser is Griffin Capital Credit Advisor, LLC (the “Adviser”), and BCSF Advisors, LP (the “Sub-Adviser”), an affiliate of Bain Capital Credit, LP, serves as the Fund’s sub-adviser. Both the Adviser and Sub-Adviser are registered as investment advisers with the SEC pursuant to the provisions of the Investment Advisers Act of 1940, as amended. The investment objective of the Fund is to generate a return comprised of both current income and capital appreciation with an emphasis on current income with low volatility and low correlation to the broader markets. The Fund pursues its investment objective by investing in a range of secured and unsecured debt obligations, which may be syndicated, consisting of U.S. high yield securities, global high yield securities, direct lending investments including direct originated debt obligations, collateralized loan obligations (“CLOs”), and other fixed-income and fixed-income related securities. The portfolio may consist of high yield bonds, bank loans, equity securities, CLOs, and direct lending investments, which may include senior direct lending (“SDL”) as well as subordinate and unitranche direct lending. The Fund may also acquire warrants and other equity interests through its direct lending activities. The portfolio may also consist of, to a lesser extent, special situations investments such as non-performing loans (“NPLs”). In pursuing its investment objective, the Fund may also directly or indirectly invest in derivative investments.

 

The Fund currently offers Class A, Class C, Class I, Class L, and Class M shares. Class A, Class C and Class I shares commenced operations on April 3, 2017. Class L shares commenced operations on September 5, 2017. Class F shares commenced operations on September 25, 2017 and are no longer offered except for reinvestment of dividends. Class M shares commenced operations on November 2, 2021. Class A and Class L shares are offered subject to a maximum sales charge of 5.75% and 4.25%, respectively, of their offering price. Class C, Class I, and Class M shares are offered at net asset value per share. Class C shares may be subject to a 1.00% contingent deferred sales charge on shares redeemed during the first 365 days after their purchase. Each class represents an interest in the same assets of the Fund and classes are identical except for differences in their sales charge structures and ongoing service and distribution charges. All classes of shares have equal voting privileges except that each class has exclusive voting rights with respect to its service and/or distribution plans. The Fund’s income, expenses (other than class specific service and distribution fees), and realized and unrealized gains and losses are allocated proportionately each day based upon the relative net assets of each class. An affiliate of the Adviser owns shares in the Fund representing 1.61% of net asset value as of September 30, 2021.

 

2. SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation – The following is a summary of significant accounting policies followed by the Fund in preparation of its consolidated financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The Fund is considered an investment company following accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946 – Financial Services – Investment Companies. The preparation of the consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.

 

Consolidation of GIACF Alternative Holdings, LLC – GIACF Alternative Holdings, LLC, (the “NPL Subsidiary”), a Cayman Islands exempted company and wholly-owned subsidiary of the Fund, was formed on September 18, 2018. The NPL Subsidiary acts as an investment vehicle for the Fund in order to effect certain NPL investments for the Fund. The Fund is the managing and sole member of the NPL Subsidiary pursuant to a limited liability company operating agreement. As a wholly-owned subsidiary of the Fund, the financial results of the NPL Subsidiary are included in the consolidated financial statements and financial highlights of the Fund. All investments held by the NPL Subsidiary are disclosed in the Consolidated Schedule of Investments. All inter-company accounts and transactions have been eliminated in consolidation.

 

The NPL Subsidiary has received an undertaking from the Government of the Cayman Islands exempting it from all local income, profits and capital gains taxes. No such taxes are levied in the Cayman Islands at the present time. For U.S. income tax purposes, the NPL Subsidiary is a Controlled Foreign Corporation, which generates and is allocated no income that is considered effectively connected with U.S. trade of business and, as such, is not subject to U.S. income tax. However, as a wholly-owned Controlled Foreign Corporation, the NPL Subsidiary’s net income and capital gain, to the extent of its earnings and profits, will be included each year in the Fund’s investment company taxable income.

 

Consolidation of CRDTX SPV I, LLC – CRDTX SPV I, LLC (the "Financing Subsidiary"), a Delaware Limited Liability Company and wholly-owned subsidiary of the Fund, was formed on November 27, 2018. The Fund and CRDTX SPV I, LLC, are party to a secured revolving credit facility with Citibank, N.A. ("Citi Credit Facility") subject to the limitations of the 1940 Act for borrowings.  The Citi Credit Facility allows the Financing Subsidiary to borrow up to $150 million and is secured by all of the assets held by the Financing Subsidiary. The Fund is the managing and sole member of CRDTX SPV I, LLC pursuant to a limited liability company operating agreement and the Fund will remain the sole member and will continue to wholly own and control CRDTX SPV I, LLC. As a wholly-owned subsidiary of the Fund, the financial results of CRDTX SPV I, LLC are included in the consolidated financial statements and financial highlights of the Fund. Assets pledged as collateral by CRDTX SPV I, LLC under the secured revolving credit facility are disclosed in the Consolidated Schedule of Investments. All inter-company accounts and transactions have been eliminated in consolidation.

   

 

Single-Asset Subsidiaries – Certain investments of the Fund will be held in single-asset subsidiaries controlled by the Fund (the “Single-Asset Subsidiaries”). The Single-Asset Subsidiaries are generally formed as needed to hold a particular equity investment obtained in private transactions. The financial statements of the Single-Asset Subsidiaries are included in the consolidated financial statements and financial highlights of the Fund. The equity holdings of the Single-Asset Subsidiaries are disclosed in the Consolidated Schedule of Investments. All inter-company accounts and transactions have been eliminated in consolidation.

 

The Fund will generally consolidate any wholly-owned or controlled subsidiary. For purposes of the Fund’s investment restrictions, guidelines and limitations, the Fund will aggregate direct investments with investment exposure provided by its wholly-owned and controlled subsidiaries.

 

Security Valuation – The Fund’s net asset value per share is calculated, on a class-specific basis, by dividing the value of the Fund’s total assets (the value of the securities the Fund holds plus cash or other assets, including interest accrued but not yet received), less accrued expenses and other liabilities of the Fund by the total number of shares outstanding. During the continuous offering, the price of the shares will increase or decrease on a daily basis according to the net asset value of the shares.

 

Portfolio securities held by the Fund are valued at their current market values determined on the basis of market or dealer quotations from independent pricing services approved by the Board. If market or dealer quotations are not readily available or deemed unreliable, the Board will determine in good faith, the fair value of such securities. For securities that are fair valued in ordinary course of Fund operations, the Board has delegated the day-to-day responsibility for determining fair valuation to the Fair Value Pricing Committee in accordance with the policies approved by the Board. In determining the fair value of a security for which there are no readily available market or dealer quotations, the Adviser and Sub-Adviser, together with the Fair Value Pricing Committee, will take into account all reasonably available information that may be relevant to a particular security including, but not limited to: pricing history, current market level, supply and demand of the respective security; the enterprise value of the portfolio company; the portfolio company’s ability to make payments and its earnings and discounted cash flow, comparison to the values and current pricing of publicly traded securities that have comparable characteristics; comparison to publicly traded securities including factors such as yield, maturity, and credit quality; knowledge of historical market information with respect to the security; fundamental analytical data, such as periodic financial statements, and other factors or information relevant to the security, issuer, or market. The Fund has also retained the services of third-party valuation firms to review valuations of certain securities for which market or dealer quotations are unavailable or deemed unreliable and to assist in determining fair value where applicable, however, the ultimate determination of fair value will be made by the Board and not by such third-party valuation firm. Fair valuation involves subjective judgments, and it is possible that the fair value determined for a security may differ materially from the value that could be realized upon the sale of the security.

 

Forward foreign currency exchange contracts are typically valued at their quoted daily prices obtained from an independent pricing service. The aggregate settlement values and notional amounts of the forward foreign currency exchange contracts will not be recorded in the Consolidated Statement of Assets and Liabilities. However, fluctuations in the value of the forward foreign currency exchange contracts will be recorded in the Consolidated Statement of Assets and Liabilities as an asset or liability and in the Consolidated Statement of Operations as unrealized appreciation or depreciation until terminated.

 

Fair Value Measurements – In accordance with ASC Topic 820 – Fair Value Measurement and Disclosures, a three-tier hierarchy has been established to classify fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available. In accordance with the authoritative guidance on fair value measurements and disclosure under GAAP, the Fund discloses fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value, as follows:

 

Level 1 Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date;

 

Level 2 Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability at the measurement date; and

 

Level 3 Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

 

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

 

An investment level within the fair value hierarchy is based on the lowest level input, individually or in the aggregate, that is significant to fair value measurement. The valuation techniques used by the Fund to measure fair value during the period ended September 30, 2021 maximized the use of observable inputs and minimized the use of unobservable inputs.

   

 

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk or liquidity associated with investing in those securities. The following is a summary of the inputs used in valuing the Fund’s investments as of September 30, 2021:

 

Investments in Securities at Value  Level 1 -  Quoted Prices  Level 2 -  Other Significant Observable Inputs  Level 3 -  Significant Unobservable Inputs  Total
Bank Loans  $   $279,679,354   $167,132,916   $446,812,270 
Corporate Bonds       175,243,478    2,703,362    177,946,840 
Convertible Corporate Bonds       1,230,440        1,230,440 
Collateralized Loan Obligations       77,762,278        77,762,278 
Equity Interest   1,029,437    2,987,180    13,113,938    17,130,555 
Exchange Traded Funds   10,836,021            10,836,021 
Total  $11,865,458   $536,902,730   $182,950,216   $731,718,404 
Other Financial Instruments*                    
Assets:
Forward Foreign Currency Contracts  $   $2,440,522   $   $2,440,522 
Total  $   $2,440,522   $   $2,440,522 

 

* Other financial instruments are derivative instruments reflected in the Consolidated Schedule of Investments. The derivatives shown in this table are reported at their unrealized appreciation/ (depreciation) at measurement date, which represents the change in the contracts' value.

 

The changes of fair value of investments for which the Fund has used Level 3 inputs to determine the fair value are as follows:

 

   Bank Loans  Corporate Bonds  Collateralized Loan Obligations  Equity Interest  Total
Balance as of December 31, 2020   100,972,457    1,914,601    712,500    7,054,491    110,654,049 
Accrued Discount/Premium   451,313    11,190    71    -    462,574 
Realized Gain/(Loss)   1,102,546    -    40,504    62,323    1,205,373 
Change in Unrealized Appreciation/(Depreciation)   (1,355,464)   (44,590)   -    2,996,207    1,596,153 
Purchases   100,082,774    -    -    4,941,065    105,023,839 
Sales Proceeds   (32,294,321)   -    (753,075)   (1,399,237)   (34,446,633)
Transfer Into Level 3   7,434,521    822,161    -    -    8,256,682 
Transfer Out of Level 3   (9,260,910)   -    -    (540,911)   (9,801,821)
Balance as of September 30, 2021   167,132,916    2,703,362    -    13,113,938    182,950,216 
Net change in unrealized
appreciation/(depreciation) included in the
Consolidated Statements of Operations
attributable to Level 3 investments held at
September 30, 2021
   (1,004,950)   (44,106)   -    2,572,633    1,523,577 

 

The following is a reconciliation for the period ended September 30, 2021 of the total return swap contracts for which significant unobservable inputs (Level 3) were used in determining fair value:

 

   Total Return Swap Contracts
Balance as of December 31, 2020  $95,095 
Change in Unrealized Appreciation/(Depreciation)    
Purchases    
Sales Proceeds   (95,095)
Transfers Out of Level 3    
Balance as of September 30, 2021  $ 
Net change in unrealized appreciation/(depreciation) attributable to Level 3 investments held at September 30, 2021  $ 

 

The table below provides additional information about the Level 3 Fair Value Measurements as of September 30, 2021:

   

 

Quantitative Information about Level 3 Fair Value Measurements

 

            Range   
Asset Class  Fair Value  Valuation Technique  Unobservable Inputs  Minimum  Maximum  Weighted Average
Bank Loans   108,306,265   Yield Analysis  Market Yield   4.17%   16.73%   8.27%
Bank Loans   31,052,053(b)  Third Party Pricing Service  Broker Quote(a)  $98.75   $107.25   $100.24 
Bank Loans   21,358,728(c)  Purchase Price  Purchase Price(a)  $60.00   $107.00   $98.25 
Bank Loans   5,022,604   Enterprise Value Analysis  EBITDA Multiple   7.60x   9.00x   7.70x
Bank Loans   823,383   Recovery Analysis  Discount Rate   10.00%   10.00%   10.00%
Bank Loans   569,882   Pending Transaction  Redemption Price(a)  $100.00   $100.00   $100.00 
Corporate Bond   1,881,201   Discounted Cash Flows  Discount Rate   8.55%   8.55%   8.55%
Corporate Bond   822,161   Third Party Pricing Service  Broker Quote(a)  $0.20   $95.38   $95.15 
Equity Interests   4,555,957   Discounted Cash Flows  Discount Rate   10.00%   14.85%   13.61%
Equity Interests   5,879,905   Enterprise Value Analysis  EBITDA Multiple   7.60x   23.50x   16.65x
Equity Interests   1,868,134(c)  Purchase Price  Purchase Price(a)  $0.00   $11.00   $4.83 
Equity Interests   809,941   Third Party Pricing Service  Broker Quote(a)  $43.38   $43.38   $43.38 
                           
Total  $182,950,216                      

 

Unobservable Input Impact to Value if Input Increases Impact to Value if Input Decreases
Market Yield Decrease Increase
EBITDA Multiple Increase Decrease
Discount Rate Decrease Increase
Broker Quote Increase Decrease

 

(a)The Fund did not develop the unobservable inputs for the determination of fair value (examples include single source broker quotations from third party pricing services and prior or pending transactions).
(b)Securities or portions thereof pledged as collateral under the secured revolving credit facility entered into by CRDTX SPV I, LLC and Citibank N.A.. (c) Investments acquired during the quarter ended September 30, 2021.

 

The Fund used valuation techniques consistent with the income approach and market approach to determine the fair value of certain Level 3 assets as of September 30, 2021. The valuation techniques utilized by the Fund included enterprise value analysis, discounted cash flows analysis, and yield analysis. The enterprise value analysis measures fair value of a portfolio company based upon an assessment of multiples such as EBITDA or revenue that are typically determined through review of market comparable transactions and publicly traded comparable companies. Such multiples are subsequently applied to the underlying portfolio company financial multiple, generally EBITDA or revenue, to estimate enterprise value. Total enterprise value is first allocated to the debt holders and then allocated across the capital structure reflecting applicable rights and preferences of the remaining equity securities to determine fair value of certain of the Fund’s equity interests. The significant unobservable input used in the enterprise value analysis is generally the EBITDA or revenue multiple. The Fund also utilized the discounted cash flows analysis to measure fair value of certain of the Fund’s equity and debt investments. The discounted cash flows analysis is a technique whereby future expected cash flows of the underlying investment are discounted to determine a present value using a discount rate. The significant unobservable input used in the discounted cash flows analysis is the discount rate. The yield analysis technique measures fair value of an investment based upon an assessment of expected market yields of other businesses of similar size in the same industry which are used to establish a discount rate. Future cash flows are then discounted back to present value using the discount rate to determine fair value of certain of the Fund’s debt investments. The significant unobservable input used in the yield analysis is yield.

 

Generally, new investments not valued by a third-party pricing service are held at purchase price initially until the investment has been held by the Fund for a full quarter. The Fair Value Pricing Committee subsequently determines the application of a fair value methodology at the next valuation date. The Fair Value Pricing Committee will convene if there has been a material change to the applicable portfolio company between the time of investment and the next valuation date.

 

The carrying and fair value of the Fund's debt obligation as of September 30, 2021 for which the Fund has determined would be categorized as Level 2 in the fair value hierarchy was $127,645,324.

 

Securities Transactions, Revenue Recognition and ExpensesThe Fund records its investment transactions on a trade date basis. The Fund measures realized gains or losses by the difference between the net proceeds from the repayment or sale and the amortized cost basis of the investment, using the specified identification method. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis. Discount and premium to par value on investments acquired are accreted and amortized, respectively, into interest income over the life of the respective investment using the effective interest method. Loan origination fees, original issue discount and market discount or premium are capitalized and amortized against or accreted into interest income using the effective interest method or straight-line method, as applicable. For the Fund’s investments in revolving bank loans, the cost basis of the investment purchased is adjusted for the cash received for the discount on the total balance committed. The fair value is also adjusted for price appreciation or depreciation on the unfunded portion. Upon prepayment of a loan or debt security, any prepayment premium is recorded as interest income.

   

 

Dividend income on preferred equity investments is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity investments is recorded on the record date for private portfolio companies and on the ex-dividend date for publicly traded portfolio companies. Distributions received from a limited liability company or limited partnership investments are evaluated to determine if the distribution should be recorded as dividend income or a return of capital.

 

Income from securitization vehicles and investments in the equity class securities of CLO vehicles (typically income notes or subordinated notes) is recorded daily using the effective interest method in accordance with the provisions of ASC 325-40, Beneficial Interests in Securitized Financial Assets, based upon a calculation of the effective yield to the expected redemption date based on an estimate of future cash flows, including those CLO equity investments that have not made their inaugural distribution for the relevant period end. The Fund monitors the expected residual payments, and the effective yield is determined and updated quarterly.

 

Certain investments may have contractual payment-in-kind (“PIK”) interest or dividends. PIK represents accrued interest or accumulated dividends that are added to the loan principal of the investment on the respective interest or dividend payment dates rather than being paid in cash and generally becomes due at maturity or upon being called by the issuer. PIK is recorded as interest or dividend income, as applicable. If at any point the Fund believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. Accrued PIK interest or dividends are generally reversed through interest or dividend income, respectively, when an investment is placed on non-accrual status.

 

Expenses are recorded on an accrual basis.

 

Foreign Currency Translation – The books and records of the Fund are maintained in U.S. dollars. Investment valuations and other assets and liabilities initially expressed in foreign currencies are converted each business day into U.S. dollars based upon current exchange rates. Prevailing foreign exchange rates may generally be obtained at the close of the NYSE (normally, 4:00 p.m. EST).

 

Foreign Securities – The Fund may directly purchase securities of foreign issuers. Investing in securities of foreign issuers involves special risks not typically associated with investing in securities of U.S. issuers. The risks include possible revaluation of currencies, the ability to repatriate funds, less complete financial information about companies and possible future adverse political and economic developments. Moreover, securities of many foreign issuers and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. issuers.

 

Cash and Cash Equivalents – The Fund places its cash with one banking institution, which is insured by the Federal Deposit Insurance Corporation (“FDIC”). The FDIC limit is $250,000. At various times throughout the year, the amount on deposit may exceed the FDIC limit and subject the Fund to a credit risk. The Fund does not believe that such deposits are subject to any unusual risk associated with investment activities.

 

Loan Participation and Assignments – The Fund may invest in direct debt instruments, which are interests in amounts owed to lenders or lending syndicates by corporate, governmental, or other borrowers. The Fund’s investments in loans may be in the form of participations in loans or assignments of all or a portion of the loans from third parties. A loan is often administered by a bank or other financial institution (the “agent”) that acts as agent for all holders. The agent administers the terms of the loan, as specified in the loan agreement. The Fund may invest in multiple series or tranches of a loan, which may have varying terms and carry different associated risks. The Fund generally has no right to enforce compliance with the terms of the loan agreement with the borrower. As a result, the Fund may be subject to the credit risk of both the borrower and the agent that is selling the loan agreement. When the Fund purchases assignments from lenders they acquire direct rights against the borrower of the loan. The Fund may enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments represent a future obligation in full, even though a percentage of the notional loan amounts may not be utilized by the borrower. When investing in a loan participation, the Fund has the right to receive payments of principal, interest and any fees to which it is entitled only from the agent selling the loan agreement and only upon receipt of payments by the agent from the borrower. The Fund may receive a fee based on the undrawn portion of the underlying line of credit of a floating rate loan. In certain circumstances, the Fund may receive a penalty fee upon the prepayment of a floating rate loan by a borrower. For the period ended September 30, 2021, no penalty fees were received by the Fund. Fees earned or paid are recorded as a component of interest income or interest expense, respectively, on the Consolidated Statement of Operations. At September 30, 2021, the Fund had $13,276,055 at par value in unfunded loan commitments.

 

Defaulted Securities – The Fund held defaulted securities and/or other securities for which the income has been deemed uncollectible. As of September 30, 2021, the aggregate value of those securities was $1,606,839 representing 0.28% of the Fund's net assets. The Fund doesn't accrue income on securities for which income has been deemed uncollectible. Additionally, the Fund provides for losses on interest of receivable. Such securities have been identified on the accompanying Consolidated Schedule of Investments.

 

Distributions to Shareholders – The Fund intends to accrue dividends daily and to distribute as of the last business day of each quarter. Distributions of net capital gains are normally accrued and distributed in December. Income and capital gains distributions are determined in accordance with income tax regulations, which may differ from GAAP.

   

 

Indemnification – The Fund indemnifies its Officers and Trustees for certain liabilities that may arise from the performance of their duties to the Fund. Additionally, in the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties and which provide general indemnities. The Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund that have not yet occurred. However, based on industry experience, the Fund expects the risk of loss due to these warranties and indemnities to be remote.

 

Federal Income Taxes – The Fund intends to continue to comply with the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and will distribute all of its taxable income, if any, to shareholders. Accordingly, no provision for federal income taxes is required in the consolidated financial statements.

 

The Fund recognizes the tax benefits of uncertain tax positions only when the position is “more likely than not” (more than a fifty percent chance) to be sustained assuming examination by tax authorities. Management has reviewed the tax positions and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions expected to be taken in the Fund’s 2020 returns.

 

Commitments and Contingencies – In the normal course of business, the Fund's investment activities involve executions, settlement and financing of various transactions resulting in receivables from, and payables to, brokers, dealers and the Fund's custodian. These activities may expose the Fund to risk in the event that such parties are unable to fulfill contractual obligations. Management does not anticipate any material losses from counterparties with whom it conducts business. Consistent with standard business practice, the Fund enters into contracts that contain a variety of indemnifications, and may be engaged from time to time in various legal actions. The maximum exposure of the Fund under these arrangements and activities is unknown. However, the Fund expects the risk of material loss to be remote.

 

3. DERIVATIVE TRANSACTIONS

 

The Fund’s investment objectives allow the Fund to enter into various types of derivative contracts such as forward foreign currency contracts. Forward foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Consolidated Statement of Assets and Liabilities. The Fund bears the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. Risks may also arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts. Forward foreign currency exchange contracts are typically valued at their quoted daily prices obtained from an independent pricing service.

 

Risk of Investing in Derivatives – The Fund’s use of derivatives can result in losses due to unanticipated changes in the market risk factors and the overall market. Derivatives may have little or no initial cash investment relative to their market value exposure and therefore can produce significant gains or losses in excess of their cost. This use of embedded leverage allows the Fund to increase its market value exposure relative to its net assets and can substantially increase the volatility of the Fund’s performance. Additional associated risks from investing in derivatives also exist and potentially could have significant effects on the valuation of the derivative and the Fund. Typically, the associated risks are not the risks that the Fund is attempting to increase or decrease exposure to, per their investment objectives, but are the additional risks from investing in derivatives. Examples of these associated risks are liquidity risk, which is the risk that the Fund will not be able to sell the derivative in the open market in a timely manner, and counterparty credit risk, which is the risk that the counterparty will not fulfill its obligation to the Fund.

 

Forward Foreign Currency Contracts – The Fund engaged in currency transactions with counterparties during the period ended September 30, 2021 to hedge the value of portfolio securities denominated in particular currencies against fluctuations in relative value or to gain or reduce exposure to certain currencies. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price on a future date. The contract is marked-to-market daily and the change in value is recorded by the Fund as an unrealized gain or loss. When a forward foreign currency contract is terminated, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was extinguished.

 

4. PRINCIPAL RISK Factors

 

In the normal course of business, the Fund invests in financial instruments and enters into financial transactions where risk of potential loss exists due to such things as changes in the market (market risk) or failure or inability of the other party to a transaction to perform (credit and counterparty risk). See below for a detailed description of select principal risks. The following list is not intended to be a comprehensive listing of all of the potential risks associated with the Fund. For a more comprehensive list of potential risks the Fund may be subject to, please refer to the Fund’s Prospectus and Statement of Additional Information (“SAI”).

 

Bank Loans Risk The Fund expects that some of its investments will consist of interests in loans originated by banks and other financial institutions. The loans invested in by the Fund may include term loans and revolving loans, may pay interest at a fixed or floating rate and may be senior or subordinated. Purchasers of bank loans are predominantly commercial banks, investment funds and investment banks. As secondary market trading volumes for bank loans increase, new bank loans are frequently adopting standardized documentation to facilitate loan trading which should improve market liquidity. There can be no assurance as to when or even if this current market illiquidity and volatility will abate or that future levels of supply and demand in bank loan trading will provide an adequate degree of liquidity, that the current period of illiquidity will not persist or worsen and that the market will not experience periods of significant illiquidity in the future. In addition, the Fund will make investments in stressed or distressed bank loans which are often less liquid than performing bank loans. The Fund may utilize total return swaps for the purpose of gaining exposure to bank loans.

   

 

CLO Risk In addition to the general risks associated with debt securities and structured products discussed herein, CLOs carry additional risks, including, but not limited to (i) the possibility that distributions from collateral securities will not be adequate to make interest or other payments; (ii) the quality of the collateral may decline in value or default; (iii) the possibility that the investments in CLOs are subordinate to other classes or tranches thereof; and (iv) the complex structure of the security may not be fully understood at the time of investment and may produce disputes with the issuer or unexpected investment results. CLO equity and junior debt securities that the Fund may acquire are subordinated to more senior tranches of CLO debt. CLO equity and junior debt securities are subject to increased risks of default relative to the holders of superior priority interests in the same securities. In addition, at the time of issuance, CLO equity securities are under-collateralized in that the liabilities of a CLO at inception exceed its total assets. Though not exclusively, the Fund will typically be in a first loss or subordinated position with respect to realized losses on the assets of the CLOs in which it is invested.

 

Between the closing date and the effective date of a CLO, the CLO collateral manager will generally expect to purchase additional collateral obligations for the CLO. During this period, the price and availability of these collateral obligations may be adversely affected by a number of market factors, including price volatility and availability of investments suitable for the CLO, which could hamper the ability of the collateral manager to acquire a portfolio of collateral obligations that will satisfy specified concentration limitations and allow the CLO to reach the initial par amount of collateral prior to the effective date. An inability or delay in reaching the target initial par amount of collateral may adversely affect the timing and amount of interest or principal payments received by the holders of the CLO debt securities and distributions of the CLO on equity securities and could result in early redemptions which may cause CLO debt and equity investors to receive less than face value of their investment.

 

The failure by a CLO in which the Fund invests to satisfy financial covenants, including with respect to adequate collateralization and/or interest coverage tests, could lead to a reduction in the CLO’s payments to the Fund. In the event that a CLO fails certain tests, holders of CLO senior debt may be entitled to additional payments that would, in turn, reduce the payments the Fund would otherwise be entitled to receive. Separately, the Fund may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms, which may include the waiver of certain financial covenants, with a defaulting CLO or any other investment the Fund may make. If any of these occur, it could adversely affect the Fund’s operating results and cash flows.

 

The Fund’s CLO investments are exposed to leveraged credit risk. If certain minimum collateral value ratios and/or interest coverage ratios are not met by a CLO, primarily due to senior secured loan defaults, then cash flow that otherwise would have been available to pay distributions to the Fund on its CLO investments may instead be used to redeem any senior notes or to purchase additional senior secured loans, until the ratios again exceed the minimum required levels or any senior notes are repaid in full. The Fund’s CLO investments and/or the underlying senior secured loans may prepay more quickly than expected, which could have an adverse impact on the Fund’s net assets.

 

Credit Risk There is a risk that debt issuers will not make payments, resulting in losses to the Fund. In addition, the credit quality of securities may be lowered if an issuer’s financial condition changes. Lower credit quality may lead to greater volatility in the price of a security and in shares of the Fund. Lower credit quality also may affect liquidity and make it difficult to sell the security. Default, or the market’s perception that an issuer is likely to default, could reduce the value and liquidity of securities, thereby reducing the value of your investment in Fund shares. In addition, default may cause the Fund to incur expenses in seeking recovery of principal or interest on its portfolio holdings.

 

Cybersecurity Risk Cybersecurity refers to the combination of technologies, processes and procedures established to protect information technology systems and data from unauthorized access, attack or damage. The Fund and its affiliates and third-party service providers are subject to cybersecurity risks. Cybersecurity risks have significantly increased in recent years and the Fund could suffer such losses in the future. The Fund’s and its affiliates’ and third-party service providers’ computer systems, software and networks may be vulnerable to unauthorized access, computer viruses or other malicious code and other events that could have a security impact. If one or more of such events occur, this potentially could jeopardize confidential and other information, including nonpublic personal information and sensitive business data, processed and stored in, and transmitted through, computer systems and networks, or otherwise cause interruptions or malfunctions in the Fund’s operations or the operations of their respective affiliates and third-party service providers. This could result in significant losses, reputational damage, litigation, regulatory fines or penalties, or otherwise adversely affect the Fund’s business, financial condition or results of operations. Privacy and information security laws and regulation changes, and compliance with those changes, may result in cost increases due to system changes and the development of new administrative processes. In addition, the Fund may be required to expend significant additional resources to modify the Fund’s protective measures and to investigate and remediate vulnerabilities or other exposures arising from operational and security risks.

 

Debt Securities Risk When the Fund invests in debt securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of debt securities. In general, the market price of debt securities with longer maturities will increase or decrease more in response to changes in interest rates than shorter-term securities. Other risk factors include credit risk (the debtor may default) and prepayment risk (the debtor may pay its obligation early, reducing the amount of interest payments). These risks could affect
the value of a particular investment, possibly causing the Fund’s share price and total return to be reduced and fluctuate more than other types
of investments.

 

Direct Origination Risk A portion of the Fund’s investment may be originated by certain affiliates of the Sub-Adviser, subject to the conditions of the Fund’s exemptive relief. The results of the Fund’s operations depend on several factors, including the availability of opportunities for the origination or acquisition of target investments, the level and volatility of interest rates, the availability of adequate short and long-term financing, conditions in the financial markets and economic conditions. Further, the Fund’s inability to raise capital and the risk of portfolio company defaults may materially and adversely affect the Fund’s investment originations, business, liquidity, financial condition, results of operations and its ability to make distributions to its shareholders. In addition, competition for originations of and investments in the Fund’s target investments may lead to the price of such assets increasing, which may further limit its ability to generate desired returns. Also, as a result of this competition, desirable investments in the Fund’s target investments may be limited in the future and the Fund may not be able to take advantage of attractive investment opportunities from time to time, as the Fund can provide no assurance that the Adviser and Sub-Adviser will be able to identify and make investments that are consistent with its investment objective. Additionally, the Fund may originate certain of its investments with the expectation of later syndicating a portion of such investment to third parties. Prior to such syndication, or if such syndication is not successful, the Fund’s exposure to the originated investment may exceed the exposure that the Adviser and Sub-Adviser intended to have over the long-term or would have had had it purchased such investment in the secondary market rather than originating it.

   

 

Foreign Exchange Rate Risk Foreign exchange rate risk relates to the change in the U.S. dollar value of a security held that is denominated in a foreign currency. The value of a foreign currency denominated security will decrease as the dollar appreciates against the currency, while the value of the foreign currency denominated security will increase as the dollar depreciates against the currency.

 

High Yield Debt Risk A substantial portion of the high yield debt in which the Fund intends to invest are rated below investment-grade by one or more nationally recognized statistical rating organizations or are unrated but of comparable credit quality to obligations rated below investment-grade, and have greater credit and liquidity risk than more highly rated debt obligations. Lower-rated securities may include securities that have the lowest rating or are in default. High yield debt is generally unsecured and may be subordinate to other obligations of the obligor. The lower rating of high yield debt reflects a greater possibility that adverse changes in the financial condition of the obligor or in general economic conditions (including, for example, a substantial period of rising interest rates or declining earnings) or both may impair the ability of the obligor to make payment of principal and interest. Many issuers of high yield debt are highly leveraged, and their relatively high debt-to-equity ratios create increased risks that their operations might not generate sufficient cash flow to service their debt obligations. In addition, many issuers of high yield debt may be in poor financial condition, experiencing poor operating results, having substantial capital needs or negative net worth or be facing special competitive or product obsolescence problems, and may include companies involved in bankruptcy or other reorganizations or liquidation proceedings. Certain of these securities may not be publicly traded, and therefore it may be difficult to obtain information as to the true condition of the issuers. Overall declines in the below investment-grade bond and other markets may adversely affect such issuers by inhibiting their ability to refinance their debt at maturity. High yield debt is often less liquid than higher rated securities.

 

Leveraging Risk The use of leverage, such as in connection with derivatives and borrowing money to purchase securities, by the Fund will magnify the Fund’s gains or losses. Generally, the use of leverage also will cause the Fund to have higher expenses (especially interest and/or short selling related dividend expenses) than those of funds that do not use such techniques. In addition, a lender to the Fund may terminate or refuse to renew any credit facility. If the Fund is unable to access additional credit, it may be forced to sell investments at inopportune times, which may further depress the returns on the Fund. Because many derivatives have a leverage component, adverse changes in the value or level of the underlying asset, reference rate or index could result in a loss substantially greater than the amount invested in the derivative itself. When the Fund uses derivatives for leverage, investments in that Fund will tend to be more volatile, resulting in larger gains or losses in response to market changes. In an effort to limit leverage risk, the Fund will earmark assets determined to be liquid to cover its obligations under swap agreements.

 

LIBOR Risk Holdings of certain of the Fund’s underlying investments may be based on floating rates, such as LIBOR. The London Interbank Offered Rate, or LIBOR, is a benchmark that dictates daily interest rates on loans and financial instruments globally. Plans are underway to phase out the use of LIBOR which indicates the continuation of LIBOR and other reference rates on the current basis cannot and will not be guaranteed after 2021. Any replacement rate chosen may be less favorable than the current rates. Until the announcement of the replacement rate, the Fund may continue to invest in assets that may reference LIBOR or otherwise use LIBOR. There remains uncertainty regarding the nature of any replacement rate and the impact of the transition from LIBOR on the Fund’s transactions and the financial markets generally. As such, the potential effect of a transition away from LIBOR on the Fund’s investments cannot yet be determined.

 

Liquidity of Investments Risk The lack of an established, liquid secondary market for a certain portion of the Fund’s investments may have an adverse effect on the market value of the Fund’s investments and the Fund’s ability to dispose of them. Additionally, certain investments may be subject to certain transfer restrictions that may also contribute to illiquidity. Further, Fund assets that are typically traded in a liquid market may become illiquid if the applicable trading market tightens. Therefore, no assurance can be given that the Fund can dispose of a particular investment at its prevailing fair value. A portion of the Fund’s investments may consist of securities that are subject to restrictions on resale by the Fund because they were acquired in a "private placement" or similar transaction or because the Fund is deemed to be an affiliate of the issuer of such securities. The Fund will be able to sell such securities only under applicable securities laws, which may permit only limited sales under specified conditions or subject the Fund to additional potential liability.

 

Medium and Small Capitalization Company Risk Some issuers of the Fund’s investments may be medium or small capitalization companies which may be newly formed or have limited product lines, distribution channels, and financial or managerial resources. The risks associated with these investments are generally greater than those associated with investments in the securities of larger, more-established companies. The Fund does not maintain a policy limiting its ability to invest in medium or small capitalization companies. This may cause the Fund’s NAV to be more volatile when compared to investment companies that focus only on large capitalization companies. Generally, securities of medium and small capitalization companies are more likely to experience sharper swings in market values, less liquid markets, in which it may be more difficult for the Sub ̶Adviser to sell at times and at prices that the Sub ̶Adviser believes appropriate, and generally are more volatile than those of larger companies. Compared to large companies, smaller companies are more likely to have (i) less information publicly available, (ii) more limited product lines or markets and less mature businesses, (iii) fewer capital resources, (iv) more limited management depth, and (v) shorter operating histories. Further, the equity securities of smaller companies are often traded over-the-counter and generally experience a lower trading volume than is typical for securities that are traded on a national securities exchange. Consequently, the Fund may be required to dispose of these securities over a longer period of time (and potentially at less favorable prices) than would be the case for securities of larger companies, offering greater potential for gains and losses and associated
tax consequences.

 

Mezzanine Securities Risk Most of the Fund’s mezzanine securities and other investments (if any) are expected to be unsecured and made in companies whose capital structures have significant indebtedness ranking ahead of the investments, all or a significant portion of which may be secured. While the securities and other investments may benefit from the same or similar financial and other covenants as those enjoyed by the indebtedness ranking ahead of the investments and may benefit from cross-default provisions and security over the portfolio company’s assets, some or all of such terms may not be part of particular investments. Mezzanine securities and other investments generally are subject to various risks including, without limitation: (i) a subsequent characterization of an investment as a “fraudulent conveyance”; (ii) the recovery as a “preference” of liens perfected or payments made on account of a debt in the 90 days before a bankruptcy filing; (iii) equitable subordination claims by other creditors; (iv) so-called “lender liability” claims by the issuer of the obligations; and (v) environmental liabilities that may arise with respect to collateral securing the obligations.

   

 

Non-Performing Loans Risk The Fund’s investments are expected to include investments in non-performing and sub-performing loans which often involve workout negotiations, restructuring and the possibility of foreclosure. These processes are often lengthy and expensive. In addition, the Fund’s investments may include securities and debt obligations of financially distressed issuers, including companies involved in bankruptcy or other reorganization and liquidation proceedings. As a result, the Fund’s investments may be subject to additional bankruptcy related risks, and returns on such investments may not be realized for a considerable period of time.

 

Pandemic Risk An outbreak of infectious respiratory illness caused by a novel coronavirus known as COVID-19 was first detected in December 2019 and has now been detected globally. COVID-19 has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of and delays in healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, and lower consumer demand, as well as general concern and uncertainty. The impact of COVID-19, and other infectious illness outbreaks that may arise in the future, could adversely affect the economies of many countries or the entire global economy, individual issuers and capital markets in ways that cannot necessarily be foreseen. In addition, the impact of infectious illnesses in emerging market countries may be greater due to generally less established healthcare systems. Public health crises caused by the COVID-19 outbreak, or other infectious diseases, may exacerbate other pre-existing political, social and economic risks in certain countries or globally. As such, issuers of debt securities with properties, operations, productions, offices, and/or personnel in (or other exposure to) areas affected by diseases outbreaks may experience significant disruptions to their business and/or holdings. The potential impact on the credit markets may include market illiquidity, defaults and bankruptcies, among other consequences, particularly on issuers in the airline, travel and leisure and retail sectors. The extent to which COVID-19 or other infectious diseases will affect the Fund, the Fund’s service providers and/or such issuer’s operations and results will depend on future developments, which are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of COVID-19 and the actions taken to contain COVID-19. The duration of the COVID-19 outbreak cannot be determined with certainty.

 

Secured Debt Risk Secured debt holds the most senior position in the capital structure of a borrower. Secured debt in most circumstances is fully collateralized by assets of the borrower. Thus, it is generally repaid before unsecured bank loans, corporate bonds, subordinated debt, trade creditors, and preferred or common stockholders. Substantial increases in interest rates may cause an increase in loan defaults as borrowers may lack resources to meet higher debt service requirements. The value of the Fund’s assets may also be affected by other uncertainties such as economic developments affecting the market for senior secured term loans or affecting borrowers generally. Moreover, the security for the Fund’s investments in secured debt may not be recognized for a variety of reasons, including the failure to make required filings by lenders, trustees or other responsible parties and, as a result, the Fund may not have priority over other creditors as anticipated.

 

Secured debt usually includes restrictive covenants, which must be maintained by the borrower. The Fund may have an obligation with respect to certain senior secured term loan investments to make additional loans upon demand by the borrower. Such instruments, unlike certain bonds, usually do not have call protection. This means that such interests, while having a stated term, may be prepaid, often without penalty. The rate of such prepayments may be affected by, among other things, general business and economic conditions, as well as the financial status of the borrower. Prepayment would cause the actual duration of a senior loan to be shorter than its stated maturity.

 

Secured debt typically will be secured by pledges of collateral from the borrower in the form of tangible and intangible assets. In some instances, the Fund may invest in secured debt that is secured only by stock of the borrower or its subsidiaries or affiliates. The value of the collateral may decline below the principal amount of the senior secured term loans subsequent to an investment by the Fund.

 

Structured Products Risk The Fund may invest in Collateralized Debt Obligations (“CDOs”) and other structured products, consisting of Collateralized Bond Obligations, Collateralized Loan Obligations (“CLOs”) and credit-linked notes. Holders of structured products bear risks of the underlying investments, index or reference obligation and are subject to counterparty risk.

 

The Fund may have the right to receive payments only from the structured product, and generally does not have direct rights against the issuer or the entity that sold the assets to be securitized. While certain structured products enable the investor to acquire interests in a pool of securities without the brokerage and other expenses associated with directly holding the same securities, investors in structured products generally pay their share of the structured product’s administrative and other expenses. Although it is difficult to predict whether the prices of indices and securities underlying structured products will rise or fall, these prices (and, therefore, the prices of structured products) will be influenced by the same types of political and economic events that affect issuers of securities and capital markets generally. If the issuer of a structured product uses shorter term financing to purchase longer term securities, the issuer may be forced to sell its securities at below market prices if it experiences difficulty in obtaining short-term financing, which may adversely affect the value of the structured products owned by the Fund. Certain structured products may be thinly traded or have a limited trading market. CLOs and credit-linked notes are typically privately offered and sold.

   

 

Subordinated and Unsecured or Partially Secured Loans Risk The Fund may invest in unsecured loans and secured subordinated loans, including second and lower lien loans. Second lien loans are generally second in line in terms of repayment priority. A second lien loan may have a claim on the same collateral pool as the first lien or it may be secured by a separate set of assets. Second lien loans generally give investors priority over general unsecured creditors in the event of an asset sale. The priority of the collateral claims of third or lower lien loans ranks below holders of second lien loans and so on. Such junior loans are subject to the same general risks inherent to any loan investment, including credit risk, market and liquidity risk, and interest rate risk. Due to their lower place in the borrower’s capital structure and possible unsecured or partially secured status, such loans involve a higher degree of overall risk than senior loans of the same borrower.

 

Unitranche Debt Risk Unitranche debt will be structured as senior secured debt, including first priority liens on an issuer's assets. Unitranche debt typically provides for moderate loan amortization in the initial years of the facility, with the majority of the principal payment deferred until loan maturity. Since unitranche debt generally allows the borrower to make a large lump sum payment of principal at the end of the loan term, there is a risk of loss if the borrower is unable to pay the lump sum or refinance the amount owed at maturity. In some cases, the Fund will be the sole lender, or the Fund together with its affiliates will be the sole lender, of unitranche debt, which can provide the Fund with more influence interacting with a borrower in terms of monitoring and, if necessary, remediation in the event of underperformance.

 

Valuation of Private Investments Risk While the valuation of the Fund’s publicly-traded securities are more readily ascertainable, the Fund’s ownership interest in private investments (including Private Corporate Debt Investments) are not publicly traded. The fair value of loans, securities and other investments that are not publicly traded may not be readily determinable, and the Fund will value these investments at fair value as determined in good faith by the Board, including to reflect significant events affecting the value of the Fund’s investments. Many of the Fund’s investments, including certain Private Corporate Debt Investments, will be classified as Level 3 under Topic 820 of the U.S. Financial Accounting Standards Board’s Accounting Standards Codification, as amended, Fair Value Measurements and Disclosures (“ASC Topic 820”). This means that the Fund’s portfolio valuations will be based on unobservable inputs and the Fund’s own assumptions about how market participants would price the asset or liability in question. The Fund expects that inputs into the determination of fair value of the Fund’s portfolio investments will require significant management judgment or estimation. Even if observable market data are available, such information may be the result of consensus pricing information or broker quotes, which include a disclaimer that the broker would not be held to such a price in an actual transaction. The non-binding nature of consensus pricing and/or quotes accompanied by disclaimers materially reduces the reliability of such information. In connection with fair value determinations, the Adviser and Sub-Adviser, together with the Fair Value Pricing Committee, may provide the Board with valuations based upon certain inputs that take into account all reasonably available information that may be relevant to a particular security including, but not limited to: pricing history, current market level, supply and demand of the respective security; the enterprise value of the portfolio company; the portfolio company’s ability to make payments and its earnings and discounted cash flow, comparison to the values and current pricing of publicly traded securities that have comparable characteristics; comparison to publicly traded securities including factors such as yield, maturity, and credit quality; knowledge of historical market information with respect to the security; fundamental analytical data, such as periodic financial statements, and other factors or information relevant to the security, issuer, or market. The Fund has also retained the services of third-party valuation firms to review valuations of certain securities for which market or dealer quotations are unavailable or deemed unreliable and to assist in determining fair value where applicable, however, the ultimate determination of fair value will be made by the Board and not by such third-party valuation firm. Because such valuations, and particularly valuations of private securities and private companies, are inherently uncertain, may fluctuate over short periods of time and may be based on estimates, the Fund’s determinations of fair value may differ materially from the values that would have been used if a ready market for these securities existed. The Fund’s net asset value could be adversely affected if the Board’s determinations regarding the fair value of the Fund’s investments were materially higher than the values that the Fund ultimately realizes upon the disposal of such securities.