Eaton Vance Variable Trust NPORTP Eaton Vance VT Floating-Rate Income Fund (Mar 2021 report)

Eaton Vance

VT Floating-Rate Income Fund

March 31, 2021

PORTFOLIO OF INVESTMENTS (Unaudited)

Asset-Backed Securities — 1.4%


Security	Principal Amount (000’s omitted)		Value
BlueMountain CLO XXIV, Ltd., Series 2019-24A, Class ER, 4/20/34⁽¹⁾⁽²⁾	$	1,000	$	999,394
Kayne CLO 5, Ltd., Series 2019-5A, Class E, 6.918%, (3 mo. USD LIBOR + 6.70%), 7/24/32⁽¹⁾⁽³⁾		2,000		2,001,836
Kayne CLO 11, Ltd., Series 2021-11A, Class E, 4/15/34⁽¹⁾⁽²⁾		2,000		2,000,788
Riserva CLO, Ltd., Series 2016-3A, Class ERR, 6.608%, (3 mo. USD LIBOR + 6.50%), 1/18/34⁽¹⁾⁽³⁾		2,250		2,251,105


Total Asset-Backed Securities (identified cost $7,252,990)			$	7,253,123


Common Stocks — 1.1%

Security	Shares		Value
Aerospace and Defense — 0.0%⁽⁴⁾
IAP Global Services, LLC^(5)(6)(7)		24	$	258,680

			$	258,680

Automotive — 0.0%⁽⁴⁾
Dayco Products, LLC⁽⁶⁾⁽⁷⁾		15,250	$	45,750

			$	45,750

Business Equipment and Services — 0.0%⁽⁴⁾
Crossmark Holdings, Inc.⁽⁶⁾⁽⁷⁾		3,059	$	183,540

			$	183,540

Chemicals and Plastics — 0.1%
Hexion Holdings Corp., Class B⁽⁶⁾⁽⁷⁾		30,229	$	453,435

			$	453,435

Containers and Glass Products — 0.0%⁽⁴⁾
LG Newco Holdco, Inc.⁽⁶⁾⁽⁷⁾		33,758	$	59,077

			$	59,077

Electronics/Electrical — 0.4%
Answers Corp.^(5)(6)(7)		20,672	$	7,235
Software Luxembourg Holding S.A., Class A⁽⁶⁾⁽⁷⁾		10,695		1,871,625

			$	1,878,860

Health Care — 0.2%
Akorn Holding Company, LLC, Class A⁽⁶⁾⁽⁷⁾		58,449	$	927,878

			$	927,878

Nonferrous Metals/Minerals — 0.0%⁽⁴⁾
ACNR Holdings, Inc., Class A⁽⁶⁾⁽⁷⁾		2,056	$	30,840

			$	30,840



Security	Shares		Value
Oil and Gas — 0.1%
AFG Holdings, Inc.^(5)(6)(7)		17,136	$	205,118
Fieldwood Energy, Inc.^(5)(6)(7)		5,122		0
McDermott International, Ltd.⁽⁶⁾⁽⁷⁾		103,251		82,601
RDV Resources, Inc., Class A^(5)(6)(7)		10,680		0
Samson Resources II, LLC, Class A^(5)(6)(7)		33,971		208,072
Sunrise Oil & Gas, Inc., Class A⁽⁶⁾⁽⁷⁾		7,468		2,240

			$	498,031

Radio and Television — 0.1%
Clear Channel Outdoor Holdings, Inc.⁽⁶⁾⁽⁷⁾		19,512	$	35,122
Cumulus Media, Inc., Class A⁽⁶⁾⁽⁷⁾		24,069		219,268
iHeartMedia, Inc., Class A⁽⁶⁾⁽⁷⁾		8,298		150,609

			$	404,999

Retailers (Except Food and Drug) — 0.0%⁽⁴⁾
David’s Bridal, LLC^(5)(6)(7)		17,912	$	0
Phillips Pet Holding Corp.^(5)(6)(7)		285		115,200

			$	115,200

Telecommunications — 0.1%
Gee Acquisition Holdings Corp.^(5)(6)(7)		13,555	$	270,693

			$	270,693

Utilities — 0.1%
Longview Intermediate Holdings, LLC, Class A^(5)(6)(7)		36,023	$	285,662

			$	285,662


Total Common Stocks (identified cost $6,547,643)			$	5,412,645


Corporate Bonds — 5.7%

Security	Principal Amount (000’s omitted)		Value
Aerospace and Defense — 0.1%
Spirit AeroSystems, Inc., 5.50%, 1/15/25⁽¹⁾	$	250	$	264,688
Spirit Loyalty Cayman, Ltd./Spirit IP Cayman, Ltd., 8.00%, 9/20/25⁽¹⁾		225		254,793

			$	519,481

Air Transport — 0.6%
American Airlines, Inc./AAdvantage Loyalty IP, Ltd.:
5.50%, 4/20/26⁽¹⁾	$	1,275	$	1,328,474
5.75%, 4/20/29⁽¹⁾		950		1,011,655
Delta Air Lines, Inc./SkyMiles IP, Ltd., 4.75%, 10/20/28⁽¹⁾		550		598,550

			$	2,938,679



Security	Principal Amount (000’s omitted)		Value
Automotive — 0.2%
Clarios Global, L.P.:
6.25%, 5/15/26⁽¹⁾	$	325	$	345,569
6.75%, 5/15/25⁽¹⁾		200		214,254
Tenneco, Inc., 5.125%, 4/15/29⁽¹⁾		675		667,406

			$	1,227,229

Building and Development — 0.1%
American Builders & Contractors Supply Co., Inc., 4.00%, 1/15/28⁽¹⁾	$	250	$	250,423
Cushman & Wakefield U.S. Borrower, LLC, 6.75%, 5/15/28⁽¹⁾		300		325,312

			$	575,735

Business Equipment and Services — 0.5%
Allied Universal Holdco, LLC, 6.625%, 7/15/26⁽¹⁾	$	575	$	610,854
Garda World Security Corp., 4.625%, 2/15/27⁽¹⁾		700		701,750
Prime Security Services Borrower, LLC/Prime Finance, Inc., 5.25%, 4/15/24⁽¹⁾		575		614,042
Sabre GLBL, Inc.:
7.375%, 9/1/25⁽¹⁾		175		191,240
9.25%, 4/15/25⁽¹⁾		225		268,594

			$	2,386,480

Cable and Satellite Television — 0.7%
Altice France S.A.:
5.125%, 1/15/29⁽¹⁾	$	100	$	101,437
5.50%, 1/15/28⁽¹⁾		400		410,396
7.375%, 5/1/26⁽¹⁾		1,000		1,041,350
Ziggo B.V., 5.50%, 1/15/27⁽¹⁾		1,997		2,083,061

			$	3,636,244

Chemicals and Plastics — 0.0%⁽⁴⁾
INEOS Quattro Finance 2 PLC, 3.375%, 1/15/26⁽¹⁾	$	250	$	250,313

			$	250,313

Containers and Glass Products — 0.1%
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC, 4.00%, 10/15/27⁽¹⁾	$	450	$	441,562

			$	441,562

Cosmetics/Toiletries — 0.0%⁽⁴⁾
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc., 5.00%, 12/31/26⁽¹⁾	$	100	$	100,125

			$	100,125

Diversified Financial Services — 0.1%
AG Issuer, LLC, 6.25%, 3/1/28⁽¹⁾	$	350	$	367,062

			$	367,062

Drugs — 0.5%
Bausch Health Companies., Inc.:
5.50%, 11/1/25⁽¹⁾	$	575	$	591,318
7.00%, 3/15/24⁽¹⁾		833		852,992
Endo Luxembourg Finance Co. I S.a.r.l./Endo US, Inc., 6.125%, 4/1/29⁽¹⁾		1,125		1,136,250

			$	2,580,560



Security	Principal Amount (000’s omitted)		Value
Ecological Services and Equipment — 0.1%
GFL Environmental, Inc., 4.25%, 6/1/25⁽¹⁾	$	475	$	490,141

			$	490,141

Electronics/Electrical — 0.6%
CommScope, Inc., 6.00%, 3/1/26⁽¹⁾	$	2,000	$	2,110,000
LogMeIn, Inc., 5.50%, 9/1/27⁽¹⁾		375		393,049
Veritas US, Inc./Veritas Bermuda, Ltd., 7.50%, 9/1/25⁽¹⁾		550		571,945

			$	3,074,994

Entertainment — 0.0%⁽⁴⁾
Six Flags Theme Parks, Inc., 7.00%, 7/1/25⁽¹⁾	$	200	$	216,625

			$	216,625

Food Products — 0.2%
Del Monte Foods, Inc., 11.875%, 5/15/25⁽¹⁾	$	750	$	862,500

			$	862,500

Food/Drug Retailers — 0.1%
Fresh Market, Inc. (The), 9.75%, 5/1/23⁽¹⁾	$	800	$	824,500

			$	824,500

Health Care — 0.1%
CHS/Community Health Systems, Inc., 4.75%, 2/15/31⁽¹⁾	$	175	$	171,176
RP Escrow Issuer, LLC, 5.25%, 12/15/25⁽¹⁾		175		181,563

			$	352,739

Industrial Equipment — 0.0%⁽⁴⁾
Clark Equipment Company, 5.875%, 6/1/25⁽¹⁾	$	100	$	106,063

			$	106,063

Leisure Goods/Activities/Movies — 0.0%⁽⁴⁾
SeaWorld Parks & Entertainment, Inc., 8.75%, 5/1/25⁽¹⁾	$	200	$	217,375

			$	217,375

Machinery — 0.1%
Vertical U.S. Newco, Inc., 5.25%, 7/15/27⁽¹⁾	$	350	$	367,063

			$	367,063

Oil and Gas — 0.2%
CITGO Petroleum Corporation:
6.375%, 6/15/26⁽¹⁾	$	150	$	151,542
7.00%, 6/15/25⁽¹⁾		1,025		1,056,391

			$	1,207,933



Security	Principal Amount (000’s omitted)		Value
Radio and Television — 0.5%
Diamond Sports Group, LLC/Diamond Sports Finance Co., 5.375%, 8/15/26⁽¹⁾	$	875	$	631,094
iHeartCommunications, Inc.:
4.75%, 1/15/28⁽¹⁾		200		201,838
5.25%, 8/15/27⁽¹⁾		150		154,545
6.375%, 5/1/26		47		49,888
8.375%, 5/1/27		85		91,328
Univision Communications, Inc., 5.125%, 2/15/25⁽¹⁾		1,500		1,521,562

			$	2,650,255

Real Estate Investment Trusts (REITs) — 0.1%
Park Intermediate Holdings, LLC/PK Domestic Property, LLC/PK Finance Co-Issuer, 5.875%, 10/1/28⁽¹⁾	$	550	$	584,169

			$	584,169

Retailers (Except Food and Drug) — 0.0%⁽⁴⁾
PetSmart, Inc./PetSmart Finance Corp., 4.75%, 2/15/28⁽¹⁾	$	100	$	102,396

			$	102,396

Software and Services — 0.1%
Boxer Parent Co., Inc., 7.125%, 10/2/25⁽¹⁾	$	375	$	402,727

			$	402,727

Telecommunications — 0.5%
CenturyLink, Inc., 4.00%, 2/15/27⁽¹⁾	$	1,225	$	1,252,930
LCPR Senior Secured Financing DAC, 5.125%, 7/15/29⁽¹⁾		500		510,060
Vmed O2 UK Financing I PLC, 4.25%, 1/31/31⁽¹⁾		750		730,950

			$	2,493,940

Utilities — 0.2%
Calpine Corp.:
4.50%, 2/15/28⁽¹⁾	$	250	$	252,475
5.25%, 6/1/26⁽¹⁾		700		720,825

			$	973,300


Total Corporate Bonds (identified cost $28,941,650)			$	29,950,190


Exchange-Traded Funds — 0.7%

Security	Shares		Value
SPDR Blackstone Senior Loan ETF		76,000	$	3,476,240


Total Exchange-Traded Funds (identified cost $3,501,320)			$	3,476,240


Preferred Stocks — 0.1%

Security	Shares		Value
Containers and Glass Products — 0.1%
LG Newco Holdco, Inc.⁽⁶⁾⁽⁷⁾		5,114	$	281,266

			$	281,266


Security	Shares		Value
Financial Services — 0.0%
DBI Investors, Inc., Series A-1^(5)(6)(7)		839	$	0

			$	0

Nonferrous Metals/Minerals — 0.0%⁽⁴⁾
ACNR Holdings, Inc., 15.00% (PIK)⁽⁶⁾⁽⁷⁾		971	$	85,934

			$	85,934

Retailers (Except Food and Drug) — 0.0%
David’s Bridal, LLC, Series A, 8.00% (PIK)^(5)(6)(7)		494	$	0
David’s Bridal, LLC, Series B, 10.00% (PIK)^(5)(6)(7)		2,012		0

			$	0


Total Preferred Stocks (identified cost $431,373)			$	367,200


Senior Floating-Rate Loans — 85.7%⁽⁸⁾

Borrower/Description	Principal Amount (000’s omitted)		Value
Aerospace and Defense — 2.4%
AI Convoy (Luxembourg) S.a.r.l., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 1/17/27	$	495	$	495,387
Dynasty Acquisition Co., Inc.:
Term Loan, 3.703%, (3 mo. USD LIBOR + 3.50%), 4/6/26		1,143		1,110,021
Term Loan, 3.703%, (3 mo. USD LIBOR + 3.50%), 4/6/26		2,126		2,064,121
IAP Worldwide Services, Inc.:
Revolving Loan, 0.75%, 7/18/23⁽⁹⁾		133		132,447
Term Loan - Second Lien, 8.00%, (3 mo. USD LIBOR + 6.50%, Floor 1.50%), 7/18/23⁽⁵⁾		171		136,961
Spirit Aerosystems, Inc., Term Loan, 6.00%, (1 mo. USD LIBOR + 5.25%, Floor 0.75%), 1/15/25		249		251,557
TransDigm, Inc.:
Term Loan, 2.359%, (1 mo. USD LIBOR + 2.25%), 8/22/24		3,024		2,973,380
Term Loan, 2.359%, (1 mo. USD LIBOR + 2.25%), 5/30/25		3,425		3,359,615
WP CPP Holdings, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 4/30/25		2,244		2,188,604

			$	12,712,093

Air Transport — 0.5%
AAdvantage Loyalty IP, Ltd., Term Loan, 4/20/28⁽¹⁰⁾	$	650	$	665,960
JetBlue Airways Corporation, Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), 6/17/24		289		296,209
Mileage Plus Holdings, LLC, Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), 6/21/27		525		558,870
SkyMiles IP, Ltd., Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 10/20/27		1,275		1,340,902

			$	2,861,941

Automotive — 3.5%
Adient US, LLC, Term Loan, 4.38%, (USD LIBOR + 4.25%), 5/6/24⁽¹¹⁾	$	199	$	199,236
American Axle and Manufacturing, Inc., Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), 4/6/24		1,411		1,403,570
Autokiniton US Holdings, Inc.:
Term Loan, 6.484%, (1 mo. USD LIBOR + 6.375%), 5/22/25		608		608,572
Term Loan, 4/6/28⁽¹⁰⁾		750		748,125
Bright Bidco B.V., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/30/24		1,108		851,249


Borrower/Description	Principal Amount (000’s omitted)		Value
Chassix, Inc., Term Loan, 6.50%, (USD LIBOR + 5.50%, Floor 1.00%), 11/15/23⁽¹¹⁾	$	508	$	485,080
Clarios Global L.P., Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 4/30/26		2,805		2,793,832
CS Intermediate Holdco 2, LLC, Term Loan, 2.75%, (1 mo. USD LIBOR + 2.00%, Floor 0.75%), 11/2/23		1,597		1,557,403
Dayco Products, LLC, Term Loan, 4.44%, (3 mo. USD LIBOR + 4.25%), 5/19/23		746		682,533
Garrett LX III S.a.r.l., Term Loan, 5.75%, (USD Prime + 2.50%), 9/27/25		1,204		1,205,442
Garrett Motion, Inc., DIP Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 4/30/21		126		126,317
Gates Global, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 2.75%, Floor 0.75%), 3/31/27		399		398,522
Goodyear Tire & Rubber Company (The), Term Loan - Second Lien, 2.12%, (1 mo. USD LIBOR + 2.00%), 3/7/25		1,325		1,293,531
IAA, Inc., Term Loan, 2.375%, (1 mo. USD LIBOR + 2.25%), 6/28/26		457		456,045
Les Schwab Tire Centers, Term Loan, 4.25%, (6 mo. USD LIBOR + 3.50%, Floor 0.75%), 11/2/27		2,319		2,326,917
Tenneco, Inc., Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 10/1/25		820		800,678
Thor Industries, Inc., Term Loan, 3.201%, (3 mo. USD LIBOR + 3.00%), 2/1/26		440		440,866
TI Group Automotive Systems, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/16/24		970		969,550
Truck Hero, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 1/31/28		725		725,000

			$	18,072,468

Beverage and Tobacco — 0.4%
Arterra Wines Canada, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 11/24/27	$	599	$	599,996
City Brewing Company, LLC, Term Loan, 4/5/28⁽¹⁰⁾		525		522,375
Triton Water Holdings, Inc., Term Loan, 3/31/28⁽¹⁰⁾		825		823,159

			$	1,945,530

Brokerage/Securities Dealers/Investment Houses — 0.6%
Advisor Group, Inc., Term Loan, 4.615%, (1 mo. USD LIBOR + 4.50%), 7/31/26	$	2,027	$	2,028,555
Hudson River Trading, LLC, Term Loan, 3.14%, (2 mo. USD LIBOR + 3.00%), 3/17/28		1,300		1,290,250

			$	3,318,805

Building and Development — 2.7%
ACProducts, Inc., Term Loan, 7.50%, (6 mo. USD LIBOR + 6.50%, Floor 1.00%), 8/18/25	$	293	$	299,447
Advanced Drainage Systems, Inc., Term Loan, 2.375%, (1 mo. USD LIBOR + 2.25%), 7/31/26		158		157,983
American Residential Services, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 10/15/27		349		349,125
APi Group DE, Inc.:
Term Loan, 2.609%, (1 mo. USD LIBOR + 2.50%), 10/1/26		1,086		1,084,383
Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 10/1/26		175		173,908
Brookfield Property REIT, Inc., Term Loan, 2.609%, (1 mo. USD LIBOR + 2.50%), 8/27/25		731		700,020
CP Atlas Buyer, Inc., Term Loan, 4.25%, (6 mo. USD LIBOR + 3.75%, Floor 0.50%), 11/23/27		700		696,445
CPG International, Inc., Term Loan, 3.25%, (12 mo. USD LIBOR + 2.50%, Floor 0.75%), 5/5/24		772		773,150
Cushman & Wakefield U.S. Borrower, LLC, Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 8/21/25		525		515,551
Foundation Building Materials Holding Company, LLC, Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 2/3/28		750		744,141
LSF11 Skyscraper Holdco S.a.r.l., Term Loan, 9/29/27⁽¹⁰⁾		500		500,000
MI Windows and Doors, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/18/27		274		275,513


Borrower/Description	Principal Amount (000’s omitted)		Value
Northstar Group Services, Inc., Term Loan, 6.50%, (3 mo. USD LIBOR + 5.50%, Floor 1.00%), 11/9/26	$	770	$	772,403
Park River Holdings, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 12/28/27		400		398,464
Quikrete Holdings, Inc., Term Loan, 2.609%, (1 mo. USD LIBOR + 2.50%), 2/1/27		2,138		2,125,541
RE/MAX International, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 2.75%, Floor 0.75%), 12/15/23		1,875		1,875,038
White Cap Buyer, LLC, Term Loan, 4.50%, (6 mo. USD LIBOR + 4.00%, Floor 0.50%), 10/19/27		1,297		1,295,850
WireCo WorldGroup, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 9/30/23		1,102		1,078,246

			$	13,815,208

Business Equipment and Services — 9.3%
Adevinta ASA, Term Loan, 11/4/27⁽¹⁰⁾	$	675	$	676,371
Adtalem Global Education, Inc., Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 4/11/25		292		289,927
AlixPartners, LLP, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 2/4/28		950		947,493
Allied Universal Holdco, LLC, Term Loan, 4.359%, (1 mo. USD LIBOR + 4.25%), 7/10/26		2,274		2,270,455
AppLovin Corporation, Term Loan, 3.609%, (1 mo. USD LIBOR + 3.50%), 8/15/25		3,772		3,773,101
ASGN Incorporated., Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 4/2/25		574		574,921
Asplundh Tree Expert, LLC, Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 9/7/27		721		720,409
Bracket Intermediate Holding Corp., Term Loan, 4.488%, (3 mo. USD LIBOR + 4.25%), 9/5/25		731		730,336
Brand Energy & Infrastructure Services, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 6/21/24		1,663		1,640,075
Camelot U.S. Acquisition 1 Co., Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 10/30/26		1,333		1,324,516
Cardtronics USA, Inc., Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), 6/29/27		397		397,992
CCC Information Services, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 4/29/24		3,788		3,788,835
Ceridian HCM Holding, Inc., Term Loan, 2.581%, (1 week USD LIBOR + 2.50%), 4/30/25		2,072		2,046,623
CM Acquisition Co., Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), 7/26/23		162		160,432
Coinamatic Canada, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), 5/16/22		151		151,181
Constant Contact, Inc.:
Term Loan, 0.50%, 2/10/28⁽⁹⁾		244		242,312
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/10/28		906		901,938
Deerfield Dakota Holding, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 4/9/27		1,489		1,492,472
Endure Digital, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 2/10/28		1,850		1,844,990
First Advantage Holdings, LLC, Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 1/31/27		1,267		1,258,891
Garda World Security Corporation, Term Loan, 4.37%, (1 mo. USD LIBOR + 4.25%), 10/30/26		1,202		1,204,369


Borrower/Description	Principal Amount (000’s omitted)		Value
Grab Holdings, Inc., Term Loan, 5.50%, (6 mo. USD LIBOR + 4.50%, Floor 1.00%), 1/29/26	$	1,400	$	1,428,000
Greeneden U.S. Holdings II, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/1/27		500		500,500
IG Investment Holdings, LLC, Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 5/23/25		1,464		1,465,292
IRI Holdings, Inc., Term Loan, 4.359%, (1 mo. USD LIBOR + 4.25%), 12/1/25		3,750		3,752,430
Iron Mountain, Inc., Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 1/2/26		631		623,013
Ivanti Software, Inc.:
Term Loan, 4.75%, (1 week USD LIBOR + 4.00%, Floor 0.75%), 12/1/27		450		448,875
Term Loan, 5.75%, (3 mo. USD LIBOR + 4.75%, Floor 1.00%), 12/1/27		1,575		1,584,450
KUEHG Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 2/21/25		855		837,606
Loire Finco Luxembourg S.a.r.l., Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 4/21/27		248		245,752
MedAssets Software Intermediate Holdings, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 1/28/28		775		771,706
Monitronics International, Inc., Term Loan, 7.75%, (1 mo. USD LIBOR + 6.50%, Floor 1.25%), 3/29/24		1,032		1,006,605
Nielsen Consumer, Inc., Term Loan, 4.103%, (1 mo. USD LIBOR + 4.00%), 3/6/28		450		448,987
PGX Holdings, Inc., Term Loan, 10.50%, (12 mo. USD LIBOR + 9.50%, Floor 1.00%), 6.25% cash, 4.25% PIK, 9/29/23		446		426,867
Pike Corporation, Term Loan, 3.13%, (1 mo. USD LIBOR + 3.00%), 1/21/28		300		299,759
Rockwood Service Corporation, Term Loan, 4.359%, (1 mo. USD LIBOR + 4.25%), 1/23/27		844		847,855
Sabre GLBL, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/17/27		249		252,388
Sotheby’s, Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 1/15/27		469		472,741
Spin Holdco, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 3/1/28		2,575		2,556,975
Teneo Holdings, LLC, Term Loan, 7/11/25⁽¹⁰⁾		200		200,281
Trans Union, LLC, Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 11/16/26		1,103		1,096,963
TTF Holdings, LLC, Term Loan, 3/24/28⁽¹⁰⁾		300		299,250
Vestcom Parent Holdings, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 12/19/23		150		149,050
WASH Multifamily Laundry Systems, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), 5/16/22		904		902,279
West Corporation:
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 10/10/24		243		234,312
Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 10/10/24		1,060		1,028,354
WEX, Inc., Term Loan, 3/18/28⁽¹⁰⁾		300		299,438

			$	48,617,367


Borrower/Description	Principal Amount (000’s omitted)		Value
Cable and Satellite Television — 3.1%
Altice France S.A., Term Loan, 4.198%, (3 mo. USD LIBOR + 4.00%), 8/14/26	$	489	$	487,834
Charter Communications Operating, LLC, Term Loan, 1.86%, (1 mo. USD LIBOR + 1.75%), 2/1/27		2,068		2,060,241
CSC Holdings, LLC:
Term Loan, 2.356%, (1 mo. USD LIBOR + 2.25%), 7/17/25		3,488		3,445,579
Term Loan, 2.606%, (1 mo. USD LIBOR + 2.50%), 4/15/27		929		919,705
Mediacom Illinois, LLC, Term Loan, 1.84%, (1 week USD LIBOR + 1.75%), 2/15/24		53		52,649
Numericable Group S.A., Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 7/31/25		2,322		2,283,619
UPC Broadband Holding B.V.:
Term Loan, 2.356%, (1 mo. USD LIBOR + 2.25%), 4/30/28		625		620,009
Term Loan, 3.606%, (1 mo. USD LIBOR + 3.50%), 1/31/29		1,200		1,198,393
Term Loan, 3.606%, (1 mo. USD LIBOR + 3.50%), 1/31/29		1,200		1,198,393
Virgin Media Bristol, LLC:
Term Loan, 2.606%, (1 mo. USD LIBOR + 2.50%), 1/31/28		3,225		3,200,629
Term Loan, 1/31/29⁽¹⁰⁾		750		749,732

			$	16,216,783

Chemicals and Plastics — 4.0%
Aruba Investments, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/24/27	$	425	$	426,594
Atotech B.V., Term Loan, 3.00%, (3 mo. USD LIBOR + 2.50%, Floor 0.50%), 3/18/28		625		623,926
Axalta Coating Systems US Holdings, Inc., Term Loan, 1.953%, (3 mo. USD LIBOR + 1.75%), 6/1/24		1,468		1,463,024
Charter NEX US, Inc., Term Loan, 5.00%, (1 mo. USD LIBOR + 4.25%, Floor 0.75%), 12/1/27		275		275,838
Element Solutions, Inc., Term Loan, 2.109%, (1 mo. USD LIBOR + 2.00%), 1/31/26		562		559,844
Ferro Corporation:
Term Loan, 2.453%, (3 mo. USD LIBOR + 2.25%), 2/14/24		109		108,187
Term Loan, 2.453%, (3 mo. USD LIBOR + 2.25%), 2/14/24		111		110,539
Term Loan, 2.453%, (3 mo. USD LIBOR + 2.25%), 2/14/24		131		129,923
Gemini HDPE, LLC, Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 12/31/27		450		449,437
Illuminate Buyer, LLC, Term Loan, 3.609%, (1 mo. USD LIBOR + 3.50%), 6/30/27		1,322		1,317,144
INEOS Enterprises Holdings US Finco, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 8/28/26		162		162,340
INEOS Styrolution US Holding, LLC, Term Loan, 3.25%, (3 mo. USD LIBOR + 2.75%, Floor 0.50%), 1/29/26		1,525		1,521,569
Messer Industries GmbH, Term Loan, 2.703%, (3 mo. USD LIBOR + 2.50%), 3/1/26		953		946,306
Momentive Performance Materials, Inc., Term Loan, 3.36%, (1 mo. USD LIBOR + 3.25%), 5/15/24		2,825		2,779,964
NIC Acquisition Corp., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/29/27		900		897,187
PMHC II, Inc., Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), 3/31/25⁽¹¹⁾		994		971,465
PQ Corporation, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), 2/7/27		1,005		1,006,439
Ravago Holdings America, Inc., Term Loan, 2.61%, (1 mo. USD LIBOR + 2.50%), 2/18/28		150		149,625
Rohm Holding GmbH, Term Loan, 5.228%, (6 mo. USD LIBOR + 5.00%), 7/31/26		272		271,893
Trinseo Materials Operating S.C.A.:
Term Loan, 2.109%, (1 mo. USD LIBOR + 2.00%), 9/6/24		1,324		1,306,254
Term Loan, 3/18/28⁽¹⁰⁾		575		570,448
Tronox Finance, LLC, Term Loan, 2.648%, (USD LIBOR + 2.50%), 3/13/28⁽¹¹⁾		1,250		1,244,271
Univar, Inc., Term Loan, 2.359%, (1 mo. USD LIBOR + 2.25%), 7/1/24		3,449		3,439,869

			$	20,732,086


Borrower/Description	Principal Amount (000’s omitted)		Value
Conglomerates — 0.0%⁽⁴⁾
Penn Engineering & Manufacturing Corp., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 6/27/24	$	134	$	133,684

			$	133,684

Containers and Glass Products — 1.4%
Berry Global, Inc., Term Loan, 1.898%, (2 mo. USD LIBOR + 1.75%), 7/1/26	$	761	$	755,458
BWAY Holding Company, Term Loan, 3.443%, (3 mo. USD LIBOR + 3.25%), 4/3/24		1,356		1,328,079
Flex Acquisition Company, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 2/23/28		2,416		2,390,691
Libbey Glass, Inc., Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), 11/12/25		1,018		997,983
Proampac PG Borrower, LLC, Term Loan, 5.00%, (USD LIBOR + 4.00%, Floor 1.00%), 11/3/25⁽¹¹⁾		250		250,125
Reynolds Group Holdings, Inc.:
Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 2/5/23		342		341,331
Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 2/5/26		898		889,053
TricorBraun Holdings, Inc.:
Term Loan, 0.608%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 3/3/28⁽⁹⁾		69		68,338
Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 3/3/28		306		303,820

			$	7,324,878

Cosmetics/Toiletries — 0.1%
Kronos Acquisition Holdings, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 12/22/26	$	748	$	738,461

			$	738,461

Drugs — 3.4%
Akorn, Inc., Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), 10/1/25	$	687	$	703,276
Albany Molecular Research, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 8/30/24		150		150,046
Alkermes, Inc., Term Loan, 3.00%, (1 mo. USD LIBOR + 2.50%, Floor 0.50%), 3/9/26		185		184,751
Amneal Pharmaceuticals, LLC, Term Loan, 3.625%, (1 mo. USD LIBOR + 3.50%), 5/4/25		2,092		2,057,926
Arbor Pharmaceuticals, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 7/5/23		336		326,186
Bausch Health Companies, Inc., Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 6/2/25		2,847		2,840,621
Cambrex Corporation, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 12/4/26		175		174,944
Catalent Pharma Solutions, Inc., Term Loan, 2.50%, (1 mo. USD LIBOR + 2.00%, Floor 0.50%), 2/22/28		738		740,033
Grifols Worldwide Operations USA, Inc., Term Loan, 2.081%, (1 week USD LIBOR + 2.00%), 11/15/27		3,025		2,994,932
Horizon Therapeutics USA, Inc.:
Term Loan, 2.125%, (1 mo. USD LIBOR + 2.00%), 5/22/26		668		668,099
Term Loan, 2.50%, (3 mo. USD LIBOR + 2.00%, Floor 0.50%), 3/15/28		1,300		1,297,833
Mallinckrodt International Finance S.A.:
Term Loan, 5.50%, (6 mo. USD LIBOR + 4.75%, Floor 0.75%), 9/24/24		4,120		4,073,519
Term Loan, 5.75%, (6 mo. USD LIBOR + 5.00%, Floor 0.75%), 2/24/25		389		384,536
PPD, Inc., Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 1/13/28		1,000		996,953

			$	17,593,655


Borrower/Description	Principal Amount (000’s omitted)		Value
Ecological Services and Equipment — 0.6%
EnergySolutions, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 5/9/25	$	1,416	$	1,410,969
GFL Environmental, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 5/30/25		1,263		1,264,955
TruGreen Limited Partnership, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/2/27		349		349,343
US Ecology Holdings, Inc., Term Loan, 2.609%, (1 mo. USD LIBOR + 2.50%), 11/1/26		198		197,459

			$	3,222,726

Electronics/Electrical — 17.7%
Allegro Microsystems, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 9/30/27	$	27	$	26,889
Applied Systems, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 9/19/24		3,850		3,842,111
Aptean, Inc., Term Loan, 4.359%, (1 mo. USD LIBOR + 4.25%), 4/23/26		1,587		1,579,295
AQA Acquisition Holding, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.25%, Floor 0.50%), 3/3/28		525		526,969
Astra Acquisition Corp., Term Loan, 5.50%, (1 mo. USD LIBOR + 4.75%, Floor 0.75%), 3/1/27		596		599,966
Banff Merger Sub, Inc., Term Loan, 3.859%, (1 mo. USD LIBOR + 3.75%), 10/2/25		4,097		4,083,986
Buzz Merger Sub, Ltd., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 1/29/27		33		33,466
Cambium Learning Group, Inc., Term Loan, 4.703%, (3 mo. USD LIBOR + 4.50%), 12/18/25		782		783,074
Cloudera, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.50%, Floor 0.75%), 12/22/27		375		374,766
Cohu, Inc., Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 10/1/25		753		750,105
CommScope, Inc., Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 4/6/26		2,130		2,120,033
Cornerstone OnDemand, Inc., Term Loan, 4.361%, (1 mo. USD LIBOR + 4.25%), 4/22/27		1,057		1,059,660
Cvent, Inc., Term Loan, 3.90%, (2 mo. USD LIBOR + 3.75%), 11/29/24		748		731,053
Delta TopCo, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/1/27		875		875,000
E2open, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 10/29/27		525		525,000
ECI Macola Max Holdings, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/9/27		698		697,377
Electro Rent Corporation, Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 1/31/24		1,887		1,887,732
Energizer Holdings, Inc., Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 12/22/27		656		655,455
Epicor Software Corporation, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 7/30/27		5,264		5,257,201
EXC Holdings III Corp., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 12/2/24		339		339,260
Finastra USA, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/13/24		4,140		4,063,322
Fiserv Investment Solutions, Inc., Term Loan, 4.189%, (3 mo. USD LIBOR + 4.00%), 2/18/27		397		397,331
Gainwell Acquisition Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 10/1/27		3,645		3,636,324
GlobalLogic Holdings, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 9/14/27		498		499,677


Borrower/Description	Principal Amount (000’s omitted)		Value
Go Daddy Operating Company, LLC:
Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 2/15/24	$	1,005	$	998,224
Term Loan, 2.109%, (3 mo. USD LIBOR + 2.00%), 8/10/27		720		716,302
Hyland Software, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 7/1/24		4,525		4,526,933
Imperva, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 1/12/26		373		373,393
Imprivata, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 12/1/27		700		699,417
Informatica, LLC, Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 2/25/27		4,381		4,352,003
Liftoff Mobile, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 3/17/28		299		298,502
LogMeIn, Inc., Term Loan, 4.854%, (1 mo. USD LIBOR + 4.75%), 8/31/27		1,122		1,120,885
MA FinanceCo., LLC:
Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 6/21/24		331		327,439
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 6/5/25		1,358		1,368,845
Marcel LUX IV S.a.r.l.:
Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 3/15/26		1,670		1,659,811
Term Loan, 4.75%, (2 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/31/27		275		275,344
Mirion Technologies, Inc., Term Loan, 4.203%, (3 mo. USD LIBOR + 4.00%), 3/6/26		1,204		1,208,109
MTS Systems Corporation, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 7/5/23		317		317,669
Panther Commercial Holdings L.P., Term Loan, 4.712%, (3 mo. USD LIBOR + 4.50%), 1/7/28		350		349,271
PointClickCare Technologies, Inc., Term Loan, 3.75%, (6 mo. USD LIBOR + 3.00%, Floor 0.75%), 12/29/27		375		375,234
ProQuest, LLC, Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 10/23/26		937		932,135
Rackspace Hosting, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 2.75%, Floor 0.75%), 2/15/28		900		894,037
RealPage, Inc., Term Loan, 2/17/28⁽¹⁰⁾		1,400		1,395,041
Recorded Books, Inc., Term Loan, 4.109%, (1 mo. USD LIBOR + 4.00%), 8/29/25		188		187,655
Redstone Buyer, LLC, Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 9/1/27		2,269		2,284,442
Seattle Spinco, Inc., Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 6/21/24		2,236		2,211,276
SkillSoft Corporation:
Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), 12/27/24		346		355,426
Term Loan - Second Lien, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), 4/27/25		1,142		1,141,253
SolarWinds Holdings, Inc., Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 2/5/24		3,903		3,836,683
Solera, LLC, Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 3/3/23		3,863		3,846,611
Sophia L.P., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 10/7/27		249		249,531
SurveyMonkey, Inc., Term Loan, 3.84%, (1 week USD LIBOR + 3.75%), 10/10/25		894		892,633
Symplr Software, Inc., Term Loan, 5.25%, (6 mo. USD LIBOR + 4.50%, Floor 0.75%), 12/22/27		475		477,137
Tech Data Corporation, Term Loan, 3.609%, (1 mo. USD LIBOR + 3.50%), 6/30/25		796		799,233
Thoughtworks, Inc., Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 3/23/28		250		250,000
Tibco Software, Inc., Term Loan, 3.86%, (1 mo. USD LIBOR + 3.75%), 6/30/26		1,695		1,679,983
TTM Technologies, Inc., Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 9/28/24		428		427,762
Uber Technologies, Inc., Term Loan, 3.609%, (1 mo. USD LIBOR + 3.50%), 4/4/25		2,594		2,586,340


Borrower/Description	Principal Amount (000’s omitted)		Value
Ultimate Software Group, Inc. (The):
Term Loan, 3.859%, (1 mo. USD LIBOR + 3.75%), 5/4/26	$	1,330	$	1,329,658
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 5/4/26		2,961		2,962,724
Ultra Clean Holdings, Inc., Term Loan, 3.859%, (1 mo. USD LIBOR + 3.75%), 8/27/25		956		959,472
Valkyr Purchaser, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 10/29/27		450		452,250
Verifone Systems, Inc., Term Loan, 4.182%, (3 mo. USD LIBOR + 4.00%), 8/20/25		1,701		1,667,342
Veritas US, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 9/1/25		1,617		1,621,602
Vero Parent, Inc., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 8/16/24		1,062		1,064,712
VS Buyer, LLC, Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 2/28/27		2,822		2,817,973
Vungle, Inc., Term Loan, 5.609%, (1 mo. USD LIBOR + 5.50%), 9/30/26		493		494,501

			$	92,129,845

Equipment Leasing — 0.5%
Avolon TLB Borrower 1 (US), LLC:
Term Loan, 2.50%, (1 mo. USD LIBOR + 1.75%, Floor 0.75%), 1/15/25	$	1,493	$	1,490,302
Term Loan, 3.25%, (1 mo. USD LIBOR + 2.50%, Floor 0.75%), 12/1/27		1,122		1,123,667

			$	2,613,969

Financial Intermediaries — 1.6%
Aretec Group, Inc., Term Loan, 4.359%, (1 mo. USD LIBOR + 4.25%), 10/1/25	$	1,812	$	1,815,990
Ditech Holding Corporation, Term Loan, 0.00%, 6/30/22⁽¹²⁾		1,375		261,309
Edelman Financial Center, LLC, Term Loan, 4/7/28⁽¹⁰⁾		1,000		996,500
EIG Management Company, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/22/25		194		194,485
FinCo I, LLC, Term Loan, 2.609%, (1 mo. USD LIBOR + 2.50%), 6/27/25		580		577,657
Focus Financial Partners, LLC, Term Loan, 2.109%, (1 mo. USD LIBOR + 2.00%), 7/3/24		598		592,263
GreenSky Holdings, LLC:
Term Loan, 3.375%, (1 mo. USD LIBOR + 3.25%), 3/31/25		994		964,422
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 3/29/25		372		372,188
LPL Holdings, Inc., Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 11/12/26		1,480		1,477,237
Victory Capital Holdings, Inc., Term Loan, 2.439%, (2 mo. USD LIBOR + 2.25%), 7/1/26		783		776,718
Virtus Investment Partners, Inc., Term Loan, 3.00%, (6 mo. USD LIBOR + 2.25%, Floor 0.75%), 6/1/24		284		282,674

			$	8,311,443

Food Products — 2.1%
Alphabet Holding Company, Inc., Term Loan, 3.609%, (1 mo. USD LIBOR + 3.50%), 9/26/24	$	1,944	$	1,932,942
B&G Foods, Inc., Term Loan, 2.609%, (1 mo. USD LIBOR + 2.50%), 10/10/26		290		290,257
Froneri International, Ltd., Term Loan, 2.359%, (1 mo. USD LIBOR + 2.25%), 1/29/27		1,514		1,494,525
H Food Holdings, LLC:
Term Loan, 3.796%, (1 mo. USD LIBOR + 3.6875%), 5/23/25		559		555,110
Term Loan, 4.109%, (1 mo. USD LIBOR + 4.00%), 5/23/25		367		365,245
HLF Financing S.a.r.l., Term Loan, 2.609%, (1 mo. USD LIBOR + 2.50%), 8/18/25		1,597		1,594,100
JBS USA LUX S.A., Term Loan, 2.109%, (1 mo. USD LIBOR + 2.00%), 5/1/26		4,158		4,133,382
Shearer’s Foods, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 9/23/27		249		248,778
Simply Good Foods USA, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 7/7/24		233		234,379

			$	10,848,718


Borrower/Description	Principal Amount (000’s omitted)		Value
Food Service — 0.6%
1011778 B.C. Unlimited Liability Company, Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 11/19/26	$	1,200	$	1,180,386
IRB Holding Corp., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 12/15/27		2,020		2,017,954

			$	3,198,340

Food/Drug Retailers — 0.1%
BW Gas & Convenience Holdings, LLC, Term Loan, 6.36%, (1 mo. USD LIBOR + 6.25%), 11/18/24	$	353	$	356,781
Murphy USA, Inc., Term Loan, 2.25%, (1 mo. USD LIBOR + 1.75%, Floor 0.50%), 1/31/28		200		201,000

			$	557,781

Forest Products — 0.2%
Clearwater Paper Corporation, Term Loan, 3.222%, (USD LIBOR + 3.00%), 7/26/26⁽¹¹⁾	$	108	$	107,978
Journey Personal Care Corp., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), 3/1/28		700		701,750
Neenah, Inc., Term Loan, 4/6/28⁽¹⁰⁾		250		250,000

			$	1,059,728

Health Care — 8.2%
Alliance Healthcare Services, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 10/24/23	$	528	$	495,259
athenahealth, Inc., Term Loan, 4.453%, (3 mo. USD LIBOR + 4.25%), 2/11/26		2,321		2,329,923
Avantor Funding, Inc.:
Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), 11/21/24		415		415,444
Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), 11/8/27		1,247		1,248,901
BioClinica Holding I L.P., Term Loan, 5.25%, (1 mo. USD LIBOR + 4.25%, Floor 1.00%), 10/20/23		1,195		1,195,895
BW NHHC Holdco, Inc., Term Loan, 5.189%, (3 mo. USD LIBOR + 5.00%), 5/15/25		754		708,152
Cano Health, LLC:
Term Loan, 0.50%, 11/19/27⁽⁹⁾		207		207,255
Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 11/19/27		567		567,050
CCRR Parent, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), 3/6/28		300		300,938
CeramTec AcquiCo GmbH, Term Loan, 2.94%, (3 mo. USD LIBOR + 2.75%), 3/7/25		812		793,508
Change Healthcare Holdings, LLC, Term Loan, 3.50%, (USD LIBOR + 2.50%, Floor 1.00%), 3/1/24⁽¹¹⁾		544		543,454
CryoLife, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 12/1/24		363		364,173
DuPage Medical Group Ltd., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 3/12/28		300		299,025
Ensemble RCM, LLC, Term Loan, 3.962%, (3 mo. USD LIBOR + 3.75%), 8/3/26		1,541		1,540,768
Envision Healthcare Corporation, Term Loan, 3.859%, (1 mo. USD LIBOR + 3.75%), 10/10/25		3,560		3,077,273
eResearchTechnology, Inc., Term Loan, 2/4/27⁽¹⁰⁾		175		175,369
Gentiva Health Services, Inc., Term Loan, 2.875%, (1 mo. USD LIBOR + 2.75%), 7/2/25		1,661		1,653,678
Greatbatch, Ltd., Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), 10/27/22		1,727		1,731,913
Hanger, Inc., Term Loan, 3.609%, (1 mo. USD LIBOR + 3.50%), 3/6/25		1,214		1,213,973
IQVIA, Inc.:
Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 3/7/24		553		550,596
Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 1/17/25		875		871,563
Medical Solutions, LLC, Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 6/14/24		789		790,714
MPH Acquisition Holdings, LLC, Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), 6/7/23		2,731		2,719,404


Borrower/Description	Principal Amount (000’s omitted)		Value
National Mentor Holdings, Inc.:
Term Loan, 0.50%, 3/2/28⁽⁹⁾	$	127	$	126,977
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/18/28		39		38,573
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/18/28		1,159		1,152,977
Navicure, Inc., Term Loan, 4.109%, (1 mo. USD LIBOR + 4.00%), 10/22/26		822		824,167
One Call Corporation, Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), 11/27/22		807		804,449
Ortho-Clinical Diagnostics S.A., Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 6/30/25		1,101		1,100,640
PetVet Care Centers, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 2/14/25		125		124,567
Phoenix Guarantor, Inc.:
Term Loan, 3.361%, (1 mo. USD LIBOR + 3.25%), 3/5/26		956		949,458
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 3/5/26		349		347,488
Term Loan, 3/5/26⁽¹⁰⁾		525		522,539
Project Ruby Ultimate Parent Corp., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 3/3/28		700		697,958
Radiology Partners, Inc., Term Loan, 4.79%, (USD LIBOR + 4.25%), 7/9/25⁽¹¹⁾		2,000		1,987,750
RadNet, Inc., Term Loan, 4.52%, (USD LIBOR + 3.50%, Floor 1.00%), 6/30/23⁽¹¹⁾		1,768		1,771,781
Select Medical Corporation, Term Loan, 2.36%, (1 mo. USD LIBOR + 2.25%), 3/6/25		1,469		1,463,834
Sotera Health Holdings, LLC, Term Loan, 3.25%, (3 mo. USD LIBOR + 2.75%, Floor 0.50%), 12/11/26		375		374,531
Sunshine Luxembourg VII S.a.r.l., Term Loan, 10/1/26⁽¹⁰⁾		700		700,500
Team Health Holdings, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 2/6/24		2,149		2,005,376
U.S. Anesthesia Partners, Inc., Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), 6/23/24		1,809		1,788,118
US Radiology Specialists, Inc., Term Loan, 6.25%, (3 mo. USD LIBOR + 5.50%, Floor 0.75%), 12/10/27		474		476,182
Verscend Holding Corp.:
Term Loan, 4.607%, (1 mo. USD LIBOR + 4.50%), 8/27/25		1,265		1,270,021
Term Loan, 8/27/25⁽¹⁰⁾		450		450,000

			$	42,772,114

Home Furnishings — 0.8%
Mattress Firm, Inc., Term Loan, 6.25%, (6 mo. USD LIBOR + 5.25%, Floor 1.00%), 11/26/27	$	488	$	494,813
Serta Simmons Bedding, LLC:
Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%), 8/10/23		884		895,046
Term Loan - Second Lien, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), 8/10/23		2,921		2,811,191

			$	4,201,050

Industrial Equipment — 4.0%
AI Alpine AT Bidco GmbH, Term Loan, 3.234%, (6 mo. USD LIBOR + 3.00%), 10/31/25	$	196	$	191,468
Alliance Laundry Systems, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 10/8/27		1,197		1,196,003
American Trailer World Corp., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/3/28		350		348,031
Apex Tool Group, LLC, Term Loan, 6.50%, (1 mo. USD LIBOR + 5.25%, Floor 1.25%), 8/1/24		967		967,836
CFS Brands, LLC, Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), 3/20/25		680		654,241
Clark Equipment Company, Term Loan, 1.953%, (3 mo. USD LIBOR + 1.75%), 5/18/24		785		780,098
CPM Holdings, Inc., Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 11/17/25		1,454		1,420,768


Borrower/Description	Principal Amount (000’s omitted)		Value
Delachaux Group S.A., Term Loan, 4.744%, (6 mo. USD LIBOR + 4.50%), 4/16/26	$	371	$	369,626
DexKo Global, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 7/24/24		602		601,610
DXP Enterprises, Inc., Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), 12/16/27		374		374,998
Engineered Machinery Holdings, Inc.:
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), 7/19/24		1,330		1,327,225
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 7/19/24		244		244,528
EWT Holdings III Corp., Term Loan, 2.609%, (1 mo. USD LIBOR + 2.50%), 12/20/24		2,993		2,992,509
Filtration Group Corporation, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/29/25		224		224,267
Gardner Denver, Inc.:
Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 3/1/27		1,138		1,126,264
Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 3/1/27		893		892,599
Granite Holdings US Acquisition Co., Term Loan, 4.203%, (3 mo. USD LIBOR + 4.00%), 9/30/26		673		672,582
Harsco Corporation, Term Loan, 3/5/28⁽¹⁰⁾		250		248,542
Hillman Group, Inc. (The):
Term Loan, 2/23/28⁽¹⁰⁾		46		46,254
Term Loan, 2/23/28⁽¹⁰⁾		229		227,801
Ingersoll-Rand Services Company, Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 3/1/27		965		955,597
LTI Holdings, Inc.:
Term Loan, 3.609%, (1 mo. USD LIBOR + 3.50%), 9/6/25		1,392		1,373,334
Term Loan, 4.859%, (1 mo. USD LIBOR + 4.75%), 7/24/26		148		146,642
Robertshaw US Holding Corp., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), 2/28/25		1,249		1,175,298
Thermon Industries, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 10/30/24		163		163,758
Titan Acquisition Limited, Term Loan, 3.267%, (6 mo. USD LIBOR + 3.00%), 3/28/25		2,182		2,142,936

			$	20,864,815

Insurance — 2.9%
Alliant Holdings Intermediate, LLC:
Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 5/9/25	$	368	$	364,523
Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 5/9/25		468		462,176
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/8/27		596		596,343
AssuredPartners Capital, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 2/12/27		371		372,681
AssuredPartners, Inc., Term Loan, 3.609%, (1 mo. USD LIBOR + 3.50%), 2/12/27		148		146,667
Asurion, LLC:
Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 11/3/23		1,325		1,322,352
Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 12/23/26		2,993		2,976,915
Term Loan - Second Lien, 5.359%, (1 mo. USD LIBOR + 5.25%), 1/31/28		930		948,367
Hub International Limited, Term Loan, 3.215%, (3 mo. USD LIBOR + 3.00%), 4/25/25		2,176		2,147,792
NFP Corp., Term Loan, 3.359%, (1 mo. USD LIBOR + 3.25%), 2/15/27		1,867		1,840,700
Ryan Specialty Group, LLC, Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), 9/1/27		647		647,828
USI, Inc.:
Term Loan, 3.203%, (3 mo. USD LIBOR + 3.00%), 5/16/24		2,029		2,008,197
Term Loan, 3.449%, (3 mo. USD LIBOR + 3.25%), 12/2/26		1,012		1,003,516
				��
			$	14,838,057


Borrower/Description	Principal Amount (000’s omitted)		Value
Leisure Goods/Activities/Movies — 2.7%
Bombardier Recreational Products, Inc., Term Loan, 2.109%, (1 mo. USD LIBOR + 2.00%), 5/24/27	$	1,429	$	1,415,253
ClubCorp Holdings, Inc., Term Loan, 2.953%, (3 mo. USD LIBOR + 2.75%), 9/18/24		1,773		1,671,521
Crown Finance US, Inc.:
Term Loan, 3.50%, (6 mo. USD LIBOR + 2.50%, Floor 1.00%), 2/28/25		1,704		1,458,954
Term Loan, 3.75%, (6 mo. USD LIBOR + 2.75%, Floor 1.00%), 9/30/26		1,086		923,364
Term Loan, 15.45%, (3 mo. USD LIBOR + 15.25%), 7.20% cash, 8.25% PIK, 5/23/24		376		478,515
Delta 2 (LUX) S.a.r.l., Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), 2/1/24		1,684		1,669,817
Match Group, Inc., Term Loan, 1.948%, (3 mo. USD LIBOR + 1.75%), 2/13/27		525		521,610
Playtika Holding Corp., Term Loan, 2.859%, (1 mo. USD LIBOR + 2.75%), 3/13/28		1,871		1,862,157
SRAM, LLC, Term Loan, 3.75%, (USD LIBOR + 2.75%, Floor 1.00%), 3/15/24⁽¹¹⁾		554		555,269
Steinway Musical Instruments, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 2/14/25		216		212,968
Travel Leaders Group, LLC, Term Loan, 4.109%, (1 mo. USD LIBOR + 4.00%), 1/25/24		2,738		2,577,427
UFC Holdings, LLC, Term Loan, 3.75%, (6 mo. USD LIBOR + 3.00%, Floor 0.75%), 4/29/26		959		956,448

			$	14,303,303

Lodging and Casinos — 1.2%
Golden Nugget, Inc., Term Loan, 3.25%, (2 mo. USD LIBOR + 2.50%, Floor 0.75%), 10/4/23	$	2,077	$	2,048,984
GVC Holdings (Gibraltar) Limited, Term Loan, 3.00%, (6 mo. USD LIBOR + 2.00%, Floor 1.00%), 3/29/24		800		800,250
Playa Resorts Holding B.V., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 4/29/24		1,579		1,519,620
Stars Group Holdings B.V. (The), Term Loan, 3.703%, (3 mo. USD LIBOR + 3.50%), 7/10/25		1,672		1,676,851

			$	6,045,705

Nonferrous Metals/Minerals — 0.1%
American Consolidated Natural Resources, Inc., Term Loan, 17.00%, (3 mo. USD LIBOR + 16.00%, Floor 1.00%), 14.00% cash, 3.00% PIK, 9/16/25	$	320	$	315,889
Oxbow Carbon, LLC, Term Loan, 5.00%, (1 mo. USD LIBOR + 4.25%, Floor 0.75%), 10/13/25		244		245,121

			$	561,010

Oil and Gas — 2.2%
Ameriforge Group, Inc.:
Term Loan, 8.228%, (1 mo. USD LIBOR + 13.00%, Floor 1.00%), 12/31/23⁽⁹⁾	$	35	$	21,140
Term Loan, 14.00%, (3 mo. USD LIBOR + 13.00%, Floor 1.00%), 9.00% cash, 5.00% PIK, 12/31/23		548		331,301
Apergy Corporation:
Term Loan, 2.625%, (1 mo. USD LIBOR + 2.50%), 5/9/25		93		92,539
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 6/3/27		168		171,911
Blackstone CQP Holdco L.P., Term Loan, 3.687%, (3 mo. USD LIBOR + 3.50%), 9/30/24		1,872		1,869,600
Centurion Pipeline Company, LLC, Term Loan, 4.109%, (1 mo. USD LIBOR + 4.00%), 9/28/25		150		148,877
CITGO Holding, Inc., Term Loan, 8.00%, (6 mo. USD LIBOR + 7.00%, Floor 1.00%), 8/1/23		197		190,105
CITGO Petroleum Corporation, Term Loan, 7.25%, (6 mo. USD LIBOR + 6.25%, Floor 1.00%), 3/28/24		2,796		2,809,446


Borrower/Description	Principal Amount (000’s omitted)		Value
Delek US Holdings, Inc.:
Term Loan, 2.359%, (1 mo. USD LIBOR + 2.25%), 3/31/25	$	1,970	$	1,917,981
Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), 3/31/25		421		424,563
Fieldwood Energy, LLC:
DIP Loan, 3.675%, (1 mo. USD LIBOR + 8.75%, Floor 1.00%), 8/4/21⁽⁹⁾		112		116,321
Term Loan, 0.00%, 4/11/22⁽¹²⁾		761		298,594
Lealand Finance Company B.V.:
Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 6/30/24		18		14,577
Term Loan, 4.109%, (1 mo. USD LIBOR + 4.00%), 1.109% cash, 3.00% PIK, 6/30/25		237		140,465
Prairie ECI Acquiror L.P., Term Loan, 4.859%, (1 mo. USD LIBOR + 4.75%), 3/11/26		500		486,002
PSC Industrial Holdings Corp., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 10/11/24		1,282		1,255,231
RDV Resources Properties, LLC, Term Loan, 15.50%, (1 mo. USD LIBOR + 14.50%, Floor 1.00%), 3/29/24⁽⁵⁾		185		128,294
Sunrise Oil & Gas Properties, LLC:
Term Loan, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), 1/17/23		49		44,163
Term Loan - Second Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), 1/17/23		51		39,039
Term Loan - Third Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), 1/17/23		59		30,362
UGI Energy Services, LLC, Term Loan, 3.859%, (1 mo. USD LIBOR + 3.75%), 8/13/26		761		763,104

			$	11,293,615

Publishing — 0.7%
Alchemy Copyrights, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 3/10/28	$	796	$	799,985
Ascend Learning, LLC:
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 7/12/24		839		838,257
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 7/12/24		224		224,341
Getty Images, Inc., Term Loan, 4.625%, (1 mo. USD LIBOR + 4.50%), 2/19/26		1,308		1,297,967
LSC Communications, Inc., Term Loan, 0.00%, 9/30/22⁽¹²⁾		448		36,647
Nielsen Finance, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 6/4/25		470		472,222

			$	3,669,419

Radio and Television — 2.3%
Cumulus Media New Holdings, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/31/26	$	357	$	352,969
Diamond Sports Group, LLC, Term Loan, 3.36%, (1 mo. USD LIBOR + 3.25%), 8/24/26		1,248		884,332
Hubbard Radio, LLC, Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 3/28/25		450		447,267
iHeartCommunications, Inc.:
Term Loan, 3.109%, (1 mo. USD LIBOR + 3.00%), 5/1/26		488		482,844
Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 5/1/26		248		245,334
Nexstar Broadcasting, Inc.:
Term Loan, 2.36%, (1 mo. USD LIBOR + 2.25%), 1/17/24		1,050		1,044,950
Term Loan, 2.865%, (1 mo. USD LIBOR + 2.50%), 9/18/26		3,039		3,020,972
Sinclair Television Group, Inc.:
Term Loan, 2.36%, (1 mo. USD LIBOR + 2.25%), 1/3/24		1,817		1,808,570
Term Loan, 2.61%, (1 mo. USD LIBOR + 2.50%), 9/30/26		1,482		1,465,772
Terrier Media Buyer, Inc., Term Loan, 3.609%, (1 mo. USD LIBOR + 3.50%), 12/17/26		1,308		1,298,555


Borrower/Description	Principal Amount (000’s omitted)		Value
Univision Communications, Inc.:
Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 3/15/24	$	148	$	146,754
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/15/26		533		533,740

			$	11,732,059

Retailers (Except Food and Drug) — 1.5%
Ascena Retail Group, Inc., Term Loan, 0.00%, 8/21/22⁽¹²⁾	$	802	$	128,818
BJ’s Wholesale Club, Inc., Term Loan, 2.106%, (1 mo. USD LIBOR + 2.00%), 2/3/24		1,197		1,197,739
CNT Holdings I Corp., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/8/27		425		424,469
David’s Bridal, Inc.:
Term Loan, 7.00%, (3 mo. USD LIBOR + 6.00%, Floor 1.00%), 6/30/23		267		238,818
Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), 6.00% cash, 5.00% PIK, 6/23/23		227		223,235
Great Outdoors Group, LLC, Term Loan, 5.00%, (6 mo. USD LIBOR + 4.25%, Floor 0.75%), 3/6/28		1,971		1,974,223
Harbor Freight Tools USA, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 10/19/27		1,873		1,873,867
PetSmart, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/12/28		1,375		1,374,427
Phillips Feed Service, Inc., Term Loan, 8.00%, (3 mo. USD LIBOR + 7.00%, Floor 1.00%), 11/13/24⁽⁵⁾		53		42,608
Pier 1 Imports (U.S.), Inc., Term Loan, 0.00%, 4/30/21^(5)(12)		58		46,412
Protective Industrial Products, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 1/20/28		325		324,594

			$	7,849,210

Steel — 0.5%
Neenah Foundry Company, Term Loan, 10.00%, (USD LIBOR + 9.00%, Floor 1.00%), 12/13/22⁽¹¹⁾	$	451	$	394,534
Phoenix Services International, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/1/25		649		644,867
TMS International Corp., Term Loan, 3.75%, (USD LIBOR + 2.75%, Floor 1.00%), 8/14/24⁽¹¹⁾		150		149,064
Zekelman Industries, Inc., Term Loan, 2.11%, (1 mo. USD LIBOR + 2.00%), 1/24/27		1,211		1,197,663

			$	2,386,128

Surface Transport — 0.4%
Kenan Advantage Group, Inc., Term Loan, 3/24/26⁽¹⁰⁾	$	1,475	$	1,470,852
XPO Logistics, Inc., Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 2/24/25		450		447,657

			$	1,918,509

Telecommunications — 3.2%
Avaya, Inc., Term Loan, 4.106%, (1 mo. USD LIBOR + 4.00%), 12/15/27	$	125	$	125,137
CenturyLink, Inc., Term Loan, 2.359%, (1 mo. USD LIBOR + 2.25%), 3/15/27		3,130		3,098,327
Digicel International Finance Limited, Term Loan, 3.51%, (6 mo. USD LIBOR + 3.25%), 5/28/24		1,396		1,330,281
Global Eagle Entertainment, Inc.:
Term Loan, 11.25%, (3 mo. USD LIBOR + 10.00%, Floor 1.25%), 3/24/25		120		116,037
Term Loan - Second Lien, 9.25%, (3 mo. USD LIBOR + 8.25%, Floor 1.00%), 3/23/26		230		216,609


Borrower/Description	Principal Amount (000’s omitted)		Value
Intelsat Jackson Holdings S.A.:
DIP Loan, 6.50%, (3 mo. USD LIBOR + 5.50%, Floor 1.00%), 7/13/22	$	533	$	542,103
Term Loan, 8.00%, (USD Prime + 4.75%), 11/27/23		500		509,271
Term Loan, 8.75%, (USD Prime + 5.50%), 1/2/24		1,300		1,326,948
IPC Corp., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.50%, Floor 1.00%), 8/6/21⁽⁵⁾		596		490,538
Level 3 Financing, Inc., Term Loan, 1.859%, (1 mo. USD LIBOR + 1.75%), 3/1/27		3,323		3,284,704
Onvoy, LLC, Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 2/10/24		1,288		1,288,695
Syniverse Holdings, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 3/9/23		728		719,251
Ziggo Financing Partnership, Term Loan, 2.606%, (1 mo. USD LIBOR + 2.50%), 4/30/28		3,525		3,493,913

			$	16,541,814

Utilities — 0.2%
Longview Power, LLC, Term Loan, 11.50%, (3 mo. USD LIBOR + 10.00%, Floor 1.50%), 7/30/25⁽⁵⁾	$	143	$	114,410
Vistra Operations Company, LLC, Term Loan, 1.858%, (1 mo. USD LIBOR + 1.75%), 12/31/25		999		993,634

			$	1,108,044


Total Senior Floating-Rate Loans (identified cost $450,319,017)			$	446,110,361


Warrants — 0.0%⁽⁴⁾

Security	Shares		Value
Entertainment — 0.0%⁽⁴⁾
Cineworld Group PLC, Exp. 11/23/25⁽⁶⁾⁽⁷⁾		118,649	$	89,947

			$	89,947

Health Care — 0.0%⁽⁴⁾
THAIHOT Investment Company US Limited, Exp. 10/13/27^(5)(6)(7)		16	$	8,069
THAIHOT Investment Company US Limited, Exp. 10/13/27 (Contingent Warrants)^(5)(6)(7)		898		0

			$	8,069

Retailers (Except Food and Drug) — 0.0%
David’s Bridal, LLC, Exp. 11/26/22^(5)(6)(7)		3,427	$	0

			$	0


Total Warrants (identified cost $0)			$	98,016


Miscellaneous — 0.0%⁽⁴⁾

Security	Shares		Value
Oil and Gas — 0.0%⁽⁴⁾
Paragon Offshore Finance Company, Class A^(5)(6)(7)		1,168	$	0
Paragon Offshore Finance Company, Class B⁽⁶⁾⁽⁷⁾		584		3,942


Total Miscellaneous (identified cost $12,702)			$	3,942

Short-Term Investments — 6.1%


Description	Units		Value
Eaton Vance Cash Reserves Fund, LLC, 0.10%⁽¹³⁾		31,755,018	$	31,755,018


Total Short-Term Investments (identified cost $31,755,018)			$	31,755,018


Total Investments — 100.8% (identified cost $528,761,713)			$	524,426,735


Less Unfunded Loan Commitments — (0.2)%			$	(892,729	)


Net Investments — 100.6% (identified cost $527,868,984)			$	523,534,006


Other Assets, Less Liabilities — (0.6)%			$	(3,273,592	)


Net Assets — 100.0%			$	520,260,414

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

(1)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At March 31, 2021, the aggregate value of these securities is $37,062,097 or 7.1% of the Fund’s net assets.

(2)	When-issued security. For a variable rate security, interest rate will be determined after March 31, 2021.

(3)	Variable rate security. The stated interest rate represents the rate in effect at March 31, 2021.

(4)	Amount is less than 0.05%.

(5)	For fair value measurement disclosure purposes, security is categorized as Level 3.

(6)	Non-income producing security.

(7)	Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.

(8)

Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”). Base lending rates may be subject to a floor, or minimum rate. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold.

(9)

Unfunded or partially unfunded loan commitments. The Fund may enter into certain loan agreements all or a portion of which may be unfunded. The Fund is obligated to fund these commitments at the borrower’s discretion. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. At March 31, 2021, the total value of unfunded loan commitments is $888,457.

(10)	This Senior Loan will settle after March 31, 2021, at which time the interest rate will be determined.

(11)

The stated interest rate represents the weighted average interest rate at March 31, 2021 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period.

(12)	Issuer is in default with respect to interest and/or principal payments. For a variable rate security, interest rate has been adjusted to reflect non-accrual status.

(13)	Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of March 31, 2021.

Abbreviations:


DIP	-	Debtor In Possession

LIBOR	-	London Interbank Offered Rate

PIK	-	Payment In Kind

Currency Abbreviations:


USD		-		United States Dollar

The Fund did not have any open derivative instruments at March 31, 2021.

At March 31, 2021, the value of the Fund’s investment in affiliated funds was $31,755,018, which represents 6.1% of the Fund’s net assets. Transactions in affiliated funds by the Fund for the fiscal year to date ended March 31, 2021 were as follows:


Name of affiliated fund	Value, beginning of period		Purchases		Sales proceeds			Net realized gain (loss)		Change in unrealized appreciation (depreciation)		Value, end of period		Dividend income		Units, end of period
Short-Term Investments
Eaton Vance Cash Reserves Fund, LLC	$	21,593,096	$	63,851,211	$	(53,689,289	)	$	—	$	—	$	31,755,018	$	6,174		31,755,018

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

•

Level 1 — quoted prices in active markets for identical investments

•

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At March 31, 2021, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:


Asset Description	Level 1		Level 2		Level 3*		Total
Asset-Backed Securities	$	—	$	7,253,123	$	—	$	7,253,123
Common Stocks		941,035		3,120,950		1,350,660		5,412,645
Corporate Bonds		—		29,950,190		—		29,950,190
Exchange-Traded Funds		3,476,240		—		—		3,476,240
Preferred Stocks		—		367,200		0		367,200
Senior Floating-Rate Loans (Less Unfunded Loan Commitments)		—		444,258,409		959,223		445,217,632
Warrants		—		89,947		8,069		98,016
Miscellaneous		—		3,942		0		3,942
Short-Term Investments		—		31,755,018		—		31,755,018
Total Investments	$	4,417,275	$	516,798,779	$	2,317,952	$	523,534,006

*	None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended March 31, 2021 is not presented.

For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.

Eaton Vance Variable Trust NPORT-PEaton Vance VT Floating-Rate Income Fund (Mar 2021 report)