XAI Octagon Floating Rate & Alternative Income Term Trust NPORTP (Jun 2022 report)

XAI Octagon Floating Rate & Alternative Income Term Trust

Schedule of Investments

June 30, 2022 (Unaudited)

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
*COLLATERALIZED LOAN OBLIGATIONS DEBT^(b)(c)- 21.80%^ (12.74% of Total Investments)**
Anchorage Capital CLO 13 LLC, CLO 2021-13A, ER^(d)	7.74%	3M US L + 6.70%	04/15/2034	$	1,500,000	$	1,337,357
Anchorage Capital CLO 16, Ltd., CLO 2021-16A, ER^(d)	8.39%	3M US L + 7.35%	01/19/2035		2,000,000		1,781,650
Anchorage Capital CLO 17, Ltd., CLO 2021-17A, E^(d)	7.90%	3M US L + 6.86%	07/15/2034		1,250,000		1,133,229
Anchorage Capital CLO 19, Ltd., CLO 2021-19A, F^(d)	8.29%	3M US L + 7.25%	10/15/2034		1,000,000		831,602
Anchorage Capital CLO 21, Ltd., CLO 2021-21A, E^(d)	8.41%	3M US L + 7.35%	10/20/2034		500,000		442,178
Anchorage Capital CLO 4-R, Ltd., CLO 2018-4RA, E^(d)	6.74%	3M US L + 5.50%	01/28/2031		2,000,000		1,780,020
Anchorage Capital CLO 9, Ltd., CLO 2021-9A, ER2^(d)	7.86%	3M US L + 6.82%	07/15/2032		2,000,000		1,784,545
Apidos CLO XXVII, CLO 2017-27A, D^(d)	7.44%	3M US L + 6.40%	07/17/2030		375,000		329,726
Apidos CLO XXXII, CLO 2020-32A, E^(d)	7.81%	3M US L + 6.75%	01/20/2033		250,000		221,038
ARES LI CLO, Ltd., CLO 2021-51A, ER^(d)	7.89%	3M US L + 6.85%	07/15/2034		250,000		226,361
ARES Loan Funding III, Ltd., CLO 2022-ALF3A, E^(d)	9.04%	3M SOFR + 7.58%	07/25/2035		1,000,000		989,600
Ares LV CLO, Ltd., CLO 2021-55A, ER^(d)	7.39%	3M US L + 6.35%	07/15/2034		1,525,000		1,425,080
Atrium IX, CLO 2017-9A, ER^(d)	8.05%	3M US L + 6.45%	05/28/2030		900,000		799,548
Atrium XIV LLC, CLO 2018-14A, E^(d)	6.69%	3M US L + 5.65%	08/23/2030		500,000		439,203
Battalion CLO, Ltd., CLO 2021-21A, E^(d)	7.50%	3M US L + 6.46%	07/15/2034		1,000,000		882,968
Carlyle Global Market Strategies, CLO 2022-2A, D^(d)	8.55%	3M SOFR + 7.40%	04/20/2035		300,000		293,226
CIFC Funding 2015-I, Ltd., CLO 2015-1A, ERR^(d)	7.14%	3M US L + 6.00%	01/22/2031		500,000		430,525
CIFC Funding 2019-III, Ltd., CLO 2021-3A, DR^(d)	7.84%	3M US L + 6.80%	10/16/2034		900,000		823,695
CIFC Funding 2019-VI, Ltd., CLO 2019-6A, E^(d)	8.44%	3M US L + 7.40%	01/16/2033		500,000		461,713
CIFC Funding 2022-I, Ltd., CLO 2022-1A, E^(d)	6.83%	3M SOFR + 6.40%	04/17/2035		2,000,000		1,797,894
CIFC Funding 2022-III, Ltd., CLO 2022-3A, E^(d)	8.58%	3M SOFR + 7.27%	04/21/2035		850,000		795,936
Elmwood CLO 18, Ltd., CLO 2022-5A, E^(d)	9.99%	3M SOFR + 7.76%	07/17/2033		600,000		594,000
Elmwood CLO II, Ltd., CLO 2021-2A, DR^(d)	4.06%	3M US L + 3.00%	04/20/2034		1,250,000		1,158,997
Elmwood CLO VI, Ltd., CLO 2021-3A, ER^(d)	7.56%	3M US L + 6.50%	10/20/2034		750,000		689,715
Elmwood CLO XI, Ltd., CLO 2021-4A, E^(d)	7.06%	3M US L + 6.00%	10/20/2034		750,000		668,844
HPS Loan Management, Ltd., CLO 2017-11A, F^(d)	9.26%	3M US L + 7.85%	05/06/2030		1,000,000		854,800
Madison Park Funding XLVIII, Ltd., CLO 2021-48A, E^(d)	7.29%	3M US L + 6.25%	04/19/2033		500,000		456,259
Madison Park Funding XVII, Ltd., CLO 2015-17A, FR^(d)	8.58%	3M US L + 7.48%	07/21/2030		1,000,000		872,254
Madison Park Funding XXXVII, Ltd., CLO 2021-37A, ER^(d)	7.19%	3M US L + 6.15%	07/15/2033		750,000		678,012
Magnetite XXIV, Ltd., CLO 2022-24A, ER^(d)	7.25%	3M SOFR + 6.40%	04/15/2035		500,000		441,663
Neuberger Berman Loan Advisers CLO 24, Ltd., CLO 2017-24A, E^(d)	7.06%	3M US L + 6.02%	04/19/2030		1,000,000		881,348
OHA Credit Funding 11, Ltd., CLO 2022-11A, E^(d)	8.61%	3M SOFR + 7.25%	07/19/2033		550,000		518,763
OHA Credit Funding 2, Ltd., CLO 2021-2A, ER^(d)	7.46%	3M US L + 6.36%	04/21/2034		1,000,000		931,283
OHA Credit Funding 5, Ltd., CLO 2020-5A, E^(d)	7.29%	3M US L + 6.25%	04/18/2033		1,000,000		897,345
OHA Credit Funding 7, Ltd., CLO 2022-7A, ER^(d)	7.10%	3M SOFR + 6.25%	02/24/2037		900,000		799,986
OHA Credit Funding 9, Ltd., CLO 2021-9A, E^(d)	7.29%	3M US L + 6.25%	07/19/2035		1,000,000		923,175
Rad CLO 10, Ltd., CLO 2021-10A, E^(d)	7.03%	3M US L + 5.85%	04/23/2034		2,000,000		1,789,861
Rad CLO 11, Ltd., CLO 2021-11A, E^(d)	7.29%	3M US L + 6.25%	04/15/2034		1,300,000		1,165,679
Rad CLO 12, Ltd., CLO 2021-12A, E^(d)	7.64%	3M US L + 6.35%	10/30/2034		2,000,000		1,757,470
Regata XII Funding, Ltd., CLO 2021-1A, ER^(d)	7.39%	3M US L + 6.35%	10/15/2032		500,000		458,685
Regatta VII Funding, Ltd., CLO 2021-1A, ER2^(d)	8.50%	3M US L + 6.40%	06/20/2034		1,000,000		877,989
Regatta VIII Funding, Ltd., CLO 2017-1A, E^(d)	7.14%	3M US L + 6.10%	10/17/2030		500,000		446,616
Regatta XIV Funding, Ltd., CLO 2018-3A, E^(d)	7.13%	3M US L + 5.95%	10/25/2031		750,000		626,929
Regatta XIX Funding, Ltd., CLO 2022-1A, E^(d)	7.96%	3M SOFR + 6.88%	04/20/2035		500,000		471,025
Regatta XVI Funding, Ltd., CLO 2019-2A, E^(d)	8.04%	3M US L + 7.00%	01/15/2033		1,000,000		934,507
Regatta XXII Funding, Ltd., CLO 2022-2A, E^(d)	9.12%	3M SOFR + 7.19%	07/20/2035		1,350,000		1,299,386
Regatta XXIII Funding, Ltd., CLO 2021-4A, E^(d)	7.76%	3M US L + 6.70%	01/20/2035		1,250,000		1,113,852
Regatta XXIV Funding, Ltd., CLO 2021-5A, E^(d)	7.86%	3M US L + 6.80%	01/20/2035		250,000		228,497
RR 19, Ltd., CLO 2021-19A, D^(d)	7.54%	3M US L + 6.50%	10/15/2035		500,000		461,110

Reference Rate

Maturity

Principal

Coupon^(a)

& Spread

Date

Amount

Value

COLLATERALIZED LOAN OBLIGATIONS DEBT^(b)(c) (continued)

Sound Point CLO II, Ltd., CLO 2013-1A, B2R^(d)

6.71%

3M US L + 5.50%

01/26/2031

250,000

211,077

Sound Point CLO XVIII, Ltd., CLO 2017-4A, D^(d)

6.56%

3M US L + 5.50%

01/21/2031

500,000

420,966

Symphony CLO XXI, Ltd., CLO 2019-21A ER, ER^(d)

7.64%

3M US L + 6.60%

07/15/2032

1,000,000

905,671

Symphony CLO XXIV, Ltd., CLO 2021-24A, E^(d)

8.18%

3M US L + 7.00%

01/23/2032

1,000,000

940,124

Symphony CLO XXV, Ltd., CLO 2021-25A, E^(d)

7.54%

3M US L + 6.50%

04/19/2034

1,500,000

1,397,360

THL Credit Wind River 2019-1 CLO, Ltd., CLO 2021-1A, ER^(d)

7.66%

3M US L + 6.60%

07/20/2034

875,000

776,594

THL Credit Wind River CLO, Ltd., CLO 2017-4A, E^(d)

7.28%

3M US L + 5.80%

11/20/2030

500,000

443,408

THL Credit Wind River CLO, Ltd., CLO 2021-1A, EE^(d)

8.10%

3M US L + 7.06%

04/18/2036

1,500,000

1,306,234

Voya CLO 2020-2, Ltd., CLO 2021-2A, ER^(d)

7.44%

3M US L + 6.40%

07/19/2034

1,125,000

1,049,149

Wind River 2021-3 CLO, Ltd., CLO 2021-3A, E^(d)

7.66%

3M US L + 6.60%

07/20/2033

1,000,000

904,990

Total Collateralized Loan Obligations Debt (Cost $54,921,109)

55,800,000

50,360,717

COLLATERALIZED LOAN OBLIGATIONS EQUITY^(c)(e)- 62.40%^* (36.50% of Total Investments)

ALM 2020, Ltd., CLO 2020-1A, SUB^(d)

N/A

Estimated yield of 6.41%

10/15/2029

5,000,000

2,840,500

Anchorage Capital CLO 13 LLC, CLO 2019-13A, SUB^(d)

N/A

Estimated yield of 17.41%

04/15/2034

7,000,000

4,858,000

Anchorage Capital CLO 16, Ltd., CLO 2020-16A, SUB^(d)

N/A

Estimated yield of 17.74%

01/19/2035

2,500,000

1,511,363

Anchorage Capital CLO 18, Ltd., CLO 2021-18A, SUB^(d)

N/A

Estimated yield of 18.22%

04/15/2034

850,000

634,610

Anchorage Capital CLO 19, Ltd., CLO 2021-19A, SUB^(d)

N/A

Estimated yield of 17.98%

10/15/2034

7,000,000

4,709,600

Anchorage Capital CLO 1-R, Ltd., CLO 2018-1RA, SUB^(d)

N/A

Estimated yield of 16.50%

04/13/2031

4,150,000

2,114,010

Anchorage Capital CLO 20, Ltd., CLO 2021-20A, SUB^(d)

N/A

Estimated yield of 16.36%

01/20/2035

1,750,000

1,192,738

Anchorage Capital CLO 3-R, Ltd., CLO 2014-3RA, SUB^(d)

N/A

Estimated yield of 15.76%

01/28/2031

1,400,000

446,880

Anchorage Capital CLO 4-R, Ltd., CLO 2018-4RA, SUB^(d)

N/A

Estimated yield of 16.43%

01/28/2031

3,000,000

934,800

Anchorage Capital CLO 7, Ltd., CLO 2015-7A, SUBA^(d)

N/A

Estimated yield of 29.82%

01/28/2031

1,750,000

432,075

Anchorage Capital CLO 9, Ltd., CLO 2016-9A, SUB^(d)

N/A

Estimated yield of 21.62%

07/15/2032

2,500,000

891,500

Apidos CLO XXVII, CLO 2017-27A, SUB^(d)

N/A

Estimated yield of 4.58%

07/17/2030

1,300,000

369,720

Apidos CLO XXVIII, CLO 2017-28A, SUB^(d)

N/A

Estimated yield of 5.35%

01/20/2031

3,500,000

1,423,800

ARES LI CLO, Ltd., CLO 2019-51A, INC^(d)

N/A

Estimated yield of 22.00%

07/15/2034

1,699,959

1,019,633

ARES LI CLO, Ltd., CLO 2019-51A, SUB^(d)

N/A

Estimated yield of 21.72%

07/15/2034

2,646,041

1,587,091

Ares XLI CLO, Ltd., CLO 2016-41A, SUB^(d)

N/A

Estimated yield of 21.42%

04/15/2034

2,343,500

1,081,101

ARES XLIV CLO, Ltd., CLO 2017-44A, SUB^(d)

N/A

Estimated yield of 21.58%

04/15/2034

2,845,572

1,098,451

Battalion CLO XV, Ltd., CLO 2020-15A, SUB^(d)

N/A

Estimated yield of 18.81%

01/17/2033

4,500,000

3,172,602

Battalion CLO XVI, Ltd., CLO 2019-16A, SUB^(d)

N/A

Estimated yield of 20.96%

12/19/2032

3,500,000

2,297,400

Carbone CLO, Ltd., CLO 2017-1A, SUB^(d)

N/A

Estimated yield of 17.68%

01/20/2031

7,850,000

3,849,640

Carlyle Global Market Strategies CLO, Ltd., CLO 2013-1A, SUB^(d)

N/A

Estimated yield of 14.19%

08/14/2030

3,500,000

770,350

CARLYLE US CLO 2021-5, Ltd., CLO 2021-5A, SUB^(d)

N/A

Estimated yield of 17.85%

07/20/2034

4,000,000

2,935,200

CARLYLE US CLO 2021-6, Ltd., CLO 2021-6A, SUB^(d)

N/A

Estimated yield of 22.26%

07/15/2034

1,000,000

632,938

Carlyle US CLO, Ltd., CLO 2020-4A, SUBA^(d)

N/A

Estimated yield of 13.50%

04/15/2035

8,740,000

7,161,851

Carlyle US CLO, Ltd., CLO 2018-2A, SUB^(d)

N/A

Estimated yield of 11.72%

10/15/2031

933,000

418,730

Catamaran CLO, Ltd., CLO 2015-1A, SUB^(d)

N/A

Estimated yield of 0.00%

04/22/2027

750,000

383

CIFC Funding 2017-III, Ltd., CLO 2017-3A, SUB^(d)

N/A

Estimated yield of 10.33%

07/20/2030

1,400,000

418,040

CIFC Funding 2017-V, Ltd., CLO 2017-5A, SUB^(d)

N/A

Estimated yield of 13.32%

11/16/2030

4,500,000

1,618,650

CIFC Funding 2018-I, Ltd., CLO 2018-1A, SUB^(d)

N/A

Estimated yield of 12.22%

04/18/2031

3,250,000

1,718,600

CIFC Funding 2018-III, Ltd., CLO 2018-3A, SUB^(d)

N/A

Estimated yield of 18.64%

07/18/2031

3,000,000

1,381,200

CIFC Funding 2019-III, Ltd., CLO 2019-3A, SUB^(d)

N/A

Estimated yield of 18.16%

10/16/2034

750,000

540,413

CIFC Funding 2019-V, Ltd., CLO 2019-5A, INC^(d)

N/A

Estimated yield of 19.00%

01/15/2035

2,500,000

1,828,348

CIFC Funding 2020-II, Ltd., CLO 2020-2A, INC^(d)

N/A

Estimated yield of 29.90%

10/20/2034

1,000,000

819,622

CIFC Funding 2020-III, Ltd., CLO 2020-3A, SUB^(d)

N/A

Estimated yield of 18.95%

10/20/2034

150,000

124,252

CIFC Funding 2021-II, CLO 2021-2A, SUB^(d)

N/A

Estimated yield of 19.16%

04/15/2034

4,000,000

3,197,948

CIFC Funding 2021-VII, Ltd., CLO 2021-7A, SUB^(d)

N/A

Estimated yield of 21.72%

01/23/2035

1,000,000

784,022

Dryden 43 Senior Loan Fund, CLO 2016-43A, SUB^(d)

N/A

Estimated yield of 15.85%

04/20/2034

5,000,000

2,882,536

Dryden 87 CLO, Ltd., CLO 2021-87A, SUB^(d)

N/A

Estimated yield of 16.28%

05/20/2034

2,000,000

1,608,930

Dryden 95 CLO, Ltd., CLO 2021-95A, SUB^(d)

N/A

Estimated yield of 17.35%

08/20/2034

3,500,000

2,709,021

Elmwood CLO I, Ltd., CLO 2019-1A, SUB^(d)

N/A

Estimated yield of 11.62%

10/20/2033

6,000,000

3,665,876

Elmwood CLO II, Ltd., CLO 2019-2A, SUB^(d)

N/A

Estimated yield of 15.08%

04/20/2034

5,500,000

3,953,272

Reference Rate

Maturity

Principal

Coupon^(a)

& Spread

Date

Amount

Value

COLLATERALIZED LOAN OBLIGATIONS EQUITY^(c)(e) (continued)

Elmwood CLO III, Ltd., CLO 2019-3A, SUB^(d)

N/A

Estimated yield of 15.48%

10/20/2034

5,250,000

3,540,242

Elmwood CLO VII, Ltd., CLO 2020-4A, SUB^(d)

N/A

Estimated yield of 14.16%

01/17/2034

6,350,000

4,674,853

Elmwood CLO VIII, Ltd., CLO 2021-1A, SUB^(d)

N/A

Estimated yield of 14.49%

01/20/2034

5,000,000

3,722,113

Invesco CLO, Ltd., CLO 2021-1A, SUB^(d)

N/A

Estimated yield of 19.70%

04/15/2034

3,000,000

2,204,386

Invesco CLO, Ltd., CLO 2021-2A, SUB^(d)(f)

N/A

Estimated yield of 14.26%

07/15/2034

5,500,000

3,220,567

Madison Park Funding XVIII, Ltd., CLO 2015-18A, SUB^(d)

N/A

Estimated yield of 7.74%

10/21/2030

4,000,000

1,618,400

Madison Park Funding XX, Ltd., CLO 2016-20A, SUB^(d)

N/A

Estimated yield of 20.66%

07/27/2030

1,740,000

684,864

Madison Park Funding XXIX, Ltd., CLO 2018-29A, SUB^(d)

N/A

Estimated yield of 14.44%

10/18/2047

3,750,000

1,909,500

Madison Park Funding XXVIII, Ltd., CLO 2018-28A, SUB^(d)

N/A

Estimated yield of 16.70%

07/15/2030

5,000,000

2,751,000

Madison Park Funding XXXVII, Ltd., CLO 2019-37A, SUB^(d)

N/A

Estimated yield of 25.71%

07/15/2049

5,500,000

3,773,550

Niagara Park CLO, Ltd., CLO 2019-1A, SUB^(d)

N/A

Estimated yield of 21.99%

07/17/2032

2,648,000

1,647,321

NYACK Park CLO, Ltd., CLO 2021-1A, SUB^(d)

N/A

Estimated yield of 18.44%

10/20/2034

1,000,000

848,274

Oak Hill Credit Partners X-R, Ltd., CLO 2014-10RA, SUB^(d)

N/A

Estimated yield of 18.55%

04/20/2034

6,673,000

2,721,484

OHA Credit Partners XI, Ltd., CLO 2015-11A, SUB^(d)

N/A

Estimated yield of 15.72%

01/20/2032

2,750,000

1,349,975

OHA Credit Partners XII, Ltd., CLO 2016-12A, SUB^(d)

N/A

Estimated yield of 21.91%

07/23/2030

1,500,000

794,700

Point Au Roche Park CLO, Ltd., CLO 2021-1A, SUB^(d)

N/A

Estimated yield of 17.65%

07/20/2034

5,000,000

3,898,452

Recette CLO, Ltd., CLO 2015-1A, SUB^(d)(f)

N/A

Estimated yield of 18.41%

04/20/2034

20,800,000

4,518,568

Regatta XVIII Funding, Ltd., CLO 2021-1A, SUB^(d)

N/A

Estimated yield of 15.94%

01/15/2034

7,175,322

5,370,933

Regatta XXIV Funding, Ltd., CLO 2021-5A, SUB^(d)

N/A

Estimated yield of 15.69%

01/20/2035

5,000,000

3,301,510

Rockland Park CLO, Ltd., CLO 2021-1A, SUB^(d)

N/A

Estimated yield of 15.96%

04/20/2034

9,000,000

6,300,490

Rockland Park CLO, Ltd., CLO 2021-1A, M1^(d)

N/A

Estimated yield of 0.00%

04/20/2034

9,000,000

23,652

Rockland Park CLO, Ltd., CLO 2021-1A, M2^(d)

N/A

Estimated yield of 0.00%

04/20/2034

9,000,000

85,188

Sixth Street CLO XVII, Ltd., CLO 2021-17A, SUB^(d)

N/A

Estimated yield of 14.00%

01/20/2034

1,100,000

811,994

Sound Point CLO III, Ltd., CLO 2017-3A, SUB^(d)

N/A

Estimated yield of 4.66%

10/20/2030

1,500,000

499,200

Sound Point CLO VI-R, Ltd., CLO 2014-2RA, SUB^(d)

N/A

Estimated yield of 8.38%

10/20/2031

2,000,000

136,200

Thacher Park CLO, Ltd., CLO 2014-1A, SUB^(d)

N/A

Estimated yield of 0.00%

10/20/2026

6,000,000

3,600

THL Credit Wind River CLO, Ltd., CLO 2018-3A, SUB^(d)

N/A

Estimated yield of 26.31%

01/20/2031

3,000,000

1,768,800

THL Credit Wind River CLO, Ltd., CLO 2018-2A, SUB^(d)

N/A

Estimated yield of 16.36%

07/15/2030

3,031,000

1,512,469

Webster Park CLO, Ltd., CLO 2016-1A, SUB^(d)

N/A

Estimated yield of 16.76%

07/20/2030

9,000,400

4,278,790

Wind River CLO, Ltd., CLO 2016-1A, SUB^(d)

N/A

Estimated yield of 0.00%

07/15/2028

4,000,000

582,000

Total Collateralized Loan Obligations Equity (Cost $176,629,386)

283,825,794

144,188,771

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
CORPORATE BONDS - 4.05%^* (2.37% of Total Investments)
Chemicals - 0.16% (0.09% of Total Investments)
Herens Holdco S.a.r.l., Senior Secured^(d)	4.75%	N/A	05/15/2028		444,000		368,925

Diversified Telecommunication Services - 1.02% (0.60% of Total Investments)
Altice Financing SA, Senior Secured^(d)	5.75%	N/A	08/15/2029		1,197,000		959,296
Altice France SA, Senior Secured^(d)	5.50%	N/A	10/15/2029		667,000		509,004
Consolidated Communications, Inc., Senior Secured^(d)	5.00%	N/A	10/01/2028		1,125,000		899,291
Total Diversified Telecommunication Services					2,989,000		2,367,591

Electronic Equipment, Instruments & Components - 0.06% (0.03% of Total Investments)
II-VI, Inc., Senior Unsecured^(d)	5.00%	N/A	12/15/2029		146,000		128,414

Health Care Equipment & Supplies - 0.29% (0.17% of Total Investments)
Medline Borrower LP, Senior Unsecured^(d)	5.25%	N/A	10/01/2029		62,000		51,305
Mozart Debt Merger Sub, Inc., Senior Secured^(d)	3.88%	N/A	04/01/2029		727,000		619,913
Total Health Care Equipment & Supplies					789,000		671,218

Health Care Technology - 0.51% (0.30% of Total Investments)
Minerva Merger Sub, Inc., Senior Unsecured^(d)	6.50%	N/A	02/15/2030		1,411,000		1,171,130

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
*CORPORATE BONDS - 4.05%^ (2.37% of Total Investments) (continued)**
Hotels, Restaurants & Leisure - 0.76% (0.45% of Total Investments)
CEC Entertainment LLC, Senior Secured^(d)	6.75%	N/A	05/01/2026	$	470,000	$	413,354
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc., Senior Unsecured^(d)	6.75%	N/A	01/15/2030		328,000		251,740
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc, Senior Unsecured^(d)	5.00%	N/A	06/01/2029		529,000		428,490
Scientific Games Holdings LP/Scientific Games US FinCo, Inc., Senior Unsecured^(d)	6.63%	N/A	03/01/2030		205,000		174,250
SeaWorld Parks & Entertainment, Inc., Senior Unsecured^(d)	5.25%	N/A	08/15/2029		600,000		504,980
Total Hotels, Restaurants & Leisure					2,132,000		1,772,814

Industrial Conglomerates - 0.16% (0.09% of Total Investments)
MajorDrive Holdings IV LLC, Senior Unsecured^(d)	6.38%	N/A	06/01/2029		545,000		373,325

IT Services - 0.10% (0.06% of Total Investments)
Avaya, Inc., Senior Secured^(d)	6.13%	N/A	09/15/2028		345,000		225,112

Media - 0.09% (0.05% of Total Investments)
Audacy Capital Corp., Senior Secured^(d)	6.75%	N/A	03/31/2029		390,000		209,625

Pharmaceuticals - 0.09% (0.05% of Total Investments)
Bausch Health Cos., Inc., Senior Secured^(d)	4.88%	N/A	06/01/2028		260,000		203,460

Professional Services - 0.42% (0.25% of Total Investments)
Conduent Business Services LLC / Conduent State & Local Solutions, Inc., Senior Secured^(d)	6.00%	N/A	11/01/2029		1,176,000		970,200

Software - 0.39% (0.23% of Total Investments)
Condor Merger Sub, Inc., Senior Unsecured^(d)	7.38%	N/A	02/15/2030		1,102,000		895,673

Total Corporate Bonds (Cost $11,685,490)				$	11,729,000	$	9,357,487

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SECURED SECOND LIEN LOANS^(b)*- 4.42%^ (2.59% of Total Investments)**
Aerospace & Defense - 0.85% (0.49% of Total Investments)
Amentum Government Services Holdings LLC, TL	8.53%	3M US L + 7.75%	02/15/2030		2,016,807		1,908,404
New Constellis Borrower LLC, Series B	12.67%	3M US L + 11.00%	03/27/2025		107,755		46,065
Total Aerospace & Defense					2,124,562		1,954,469

Air Freight & Logistics - 0.29% (0.17% of Total Investments)
LaserShip, Inc., Initial	10.38%	3M US L + 7.50%	05/07/2029		745,852		678,725

Building Products - 0.26% (0.15% of Total Investments)
Diversitech Holdings, INC. TL	9.00%	6M US L + 6.75%	12/21/2029		468,750		440,625
Visual Comfort Group, Inc. (fka VC GB Holdings, Inc.)(aka Visual Comfort Generation Brands), Initial 2nd Lien Term Loan	9.63%	3M US L + 6.75%	07/23/2029		169,492		151,483
Total Building Products					638,242		592,108

Chemicals - 0.10% (0.06% of Total Investments)
CP Iris Holdco I, Inc., Initial	8.67%	1M US L + 7.00%	10/01/2029		258,621		239,547

Commercial Services & Supplies - 0.28% (0.16% of Total Investments)
AVSC Holding Corp., Initial	8.58%	3M US L + 7.25%	09/01/2025		805,556		638,000

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SECURED SECOND LIEN LOANS^(b) (continued)
Communications Equipment - 0.13% (0.08% of Total Investments)
Global Tel*Link Corp., 2nd Lien	11.63%	3M US L + 10.00%	11/29/2026	$	347,222	$	305,122

Construction & Engineering - 0.12% (0.07% of Total Investments)
DG Investment Intermediate Holdings 2, Inc., 2nd Lien	8.42%	1M US L + 6.75%	03/30/2029		292,804		281,092

Diversified Consumer Services - 0.58% (0.34% of Total Investments)
KUEHG Corp.	10.50%	3M US L + 8.25%	08/22/2025		800,000		765,336
Travelport Finance Luxembourg Sarl, 2021 Consented	7.25%	3M US L + 6.75%	05/29/2026		580,309		446,478
TruGreen LP, Initial	10.55%	3M US L + 8.50%	11/02/2028		125,392		119,749
Total Diversified Consumer Services					1,505,701		1,331,563

Diversified Financial Services - 0.35% (0.20% of Total Investments)
Edelman Financial Center LLC, Initial	8.42%	1M US L + 6.75%	07/20/2026		626,984		570,750
Nexus Buyer LLC, TL	7.44%	1M US L + 6.25%	11/05/2029		245,536		229,166
Total Diversified Financial Services					872,520		799,916

Electronic Equipment, Instruments & Components - 0.03% (0.02% of Total Investments)
Infinite Bidco LLC, Initial	9.25%	3M US L + 7.00%	03/02/2029		69,869		65,677

Health Care Providers & Services - 0.05% (0.03% of Total Investments)
Verscend Holding Corp., Initial	8.67%	1M US L + 7.00%	04/02/2029		135,802		127,654

Insurance - 0.40% (0.24% of Total Investments)
Asurion LLC, New B-4	6.92%	1M US L + 5.25%	01/20/2029		1,104,603		933,389

Professional Services - 0.07% (0.04% of Total Investments)
National Intergovernmental Purchasing Alliance Co.	9.75%	3M US L + 7.50%	05/22/2026		169,482		163,551

Software - 0.76% (0.45% of Total Investments)
Ascend Learning 11/21 2nd Lien TL	7.42%	3M US L + 5.75%	12/10/2029		462,963		423,611
DCert Buyer, Inc., First Amendment Refinancing	8.67%	1M US L + 7.00%	02/19/2029		156,627		144,879
EagleView Technology Corp., Term Loan 2nd Lien	9.17%	1M US L + 7.50%	08/14/2026		198,167		184,296
MH Sub I LLC, 2021 Replacement	7.92%	1M US L + 6.25%	02/23/2029		1,000,000		938,330
Ultimate Software 11/21 2nd Lien TL	6.21%	3M US L + 5.25%	05/03/2027		75,676		69,622
Total Software					1,893,433		1,760,738

Textiles, Apparel & Luxury Goods - 0.15% (0.09% of Total Investments)
ABG Intermediate Holdings 2, LLC TL 2L	8.15%	1M US L + 6.00%	12/20/2029		372,760		342,939

Total Secured Second Lien Loans (Cost $11,210,034)				$	11,337,029	$	10,214,490

SENIOR SECURED FIRST LIEN LOANS^(b) *- 77.61%^ (45.39% of Total Investments)**
Aerospace & Defense - 3.05% (1.78% of Total Investments)
Amentum Government Services Holdings LLC TLD 1L	5.08%	3M US L + 4.00%	02/15/2029		1,878,094		1,783,024
Constellis Holdings LLC, Priority	9.17%	3M US L + 7.50%	03/27/2024		119,765		98,806
Maxar Technologies TLB 1L^(h)	N/A	L + 6.48%	06/14/2029		1,686,771		1,598,924
Peraton Corp., B	5.42%	1M US L + 3.75%	02/01/2028		1,109,750		1,039,792
Vertex Aerospace 11/21	5.67%	1M US L + 4.00%	12/06/2028		1,358,763		1,286,586
WP CPP Holdings LLC	4.99%	3M US L + 3.75%	04/30/2025		1,492,612		1,230,345
Total Aerospace & Defense					7,645,755		7,037,477

Air Freight & Logistics - 0.63% (0.37% of Total Investments)
Brown Group Holding TLB2 1L ^(h)	N/A	L + 5.98%	07/15/2029		286,763		274,813

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SENIOR SECURED FIRST LIEN LOANS^(b) (continued)
Air Freight & Logistics (continued)
LaserShip, Inc., Initial	7.38%	3M US L + 4.50%	05/07/2028	$	1,334,508	$	1,184,376
Total Air Freight & Logistics					1,621,271		1,459,189

Airlines - 0.74% (0.43% of Total Investments)
United AirLines, Inc., Class B	5.39%	1M US L + 3.75%	04/21/2028		1,831,735		1,697,798

Auto Components - 1.84% (1.07% of Total Investments)
Burgess Point Purchaser Corp., TL 1L^(h)	N/A	L + 7.48%	07/06/2029		288,528		288,528
Dealer Tire LLC, B-1	5.92%	1M US L + 4.25%	12/12/2025		1,107,624		1,057,316
First Brands Group, LLC, Refinanced	6.29%	3M US L + 5.00%	03/30/2027		574,372		543,356
Gopher Resource, Llc Tlb	4.92%	1M US L + 3.25%	03/06/2025		496,187		405,280
IXS Holdings, Inc., Initial	5.92%	1M US L + 4.25%	03/05/2027		1,628,075		1,309,070
LS Group Opco Acquisition LLC, Initial	4.00%	3M US L + 3.25%	11/02/2027		323,992		301,717
LTR Intermediate Holdings, Inc., Initial	6.75%	3M US L + 4.50%	05/05/2028		370,095		338,019
Total Auto Components					4,788,873		4,243,286

Automobiles - 0.41% (0.24% of Total Investments)
Driven Holdings LLC, TLB	3.52%	3M US L + 3.00%	12/17/2028		98,668		92,008
RVR Dealership Holdings LLC, B	5.17%	3M US L + 3.75%	02/08/2028		1,012,443		848,761
Total Automobiles					1,111,111		940,769

Beverages - 0.11% (0.07% of Total Investments)
Triton Water Holdings, Inc., Initial	5.75%	3M US L + 3.50%	03/31/2028		296,915		261,817

Building Products - 1.74% (1.02% of Total Investments)
Cornerstone Building Brands, Inc., Tranche B	4.57%	1M US L + 3.25%	04/12/2028		385,395		317,951
Foundation Building Materials, Inc., Initial	4.49%	3M US L + 3.25%	01/31/2028		224,475		195,293
Kodiak BP LLC, Initial	5.50%	3M US L + 3.25%	03/12/2028		189,685		165,145
LHR Borrower, LLC TLB 1L	6.38%	1M US L + 4.75%	02/16/2029		918,051		789,524
Osmosis Buyer, Ltd., Initial B	4.83%	1M US L + 3.75%	07/31/2028		292,900		266,173
Park River Holdings, Inc., Initial	4.22%	3M US L + 3.25%	12/28/2027		95,349		77,591
Snap One 11/21 Cov-Lite TLB	7.38%	3M US L + 4.50%	12/08/2028		762,256		690,795
Visual Comfort Group, Inc. (fka VC GB Holdings, Inc.)(aka Visual Comfort Generation Brands), Initial 1st Lien Term Loan	6.38%	3M US L + 3.50%	07/21/2028		323,863		281,965
White Cap Buyer LLC, Initial Closing Date	5.28%	1M US L + 3.75%	10/19/2027		219,232		201,420
Wilsonart LLC, Tranche E	5.51%	3M US L + 3.25%	12/31/2026		1,167,104		1,030,704
Total Building Products					4,578,310		4,016,561

Capital Markets - 0.70% (0.41% of Total Investments)
Hudson River Trading LLC, Term Loan	4.64%	3M US L + 3.00%	03/20/2028		1,738,765		1,621,833

Chemicals - 2.45% (1.44% of Total Investments)
Ascend Performance Materials Operations LLC, 2021 Refinancing	7.00%	3M US L + 4.75%	08/27/2026		683,724		664,921
CP Iris Holdco I, Inc., Initial^(g)	5.17%	1M US L + 3.50%	10/02/2028		273,466		204,985
CPC Acquisition Corp., Initial	6.00%	3M US L + 3.75%	12/29/2027		133,023		115,841
Herens Holdco S.a r.l., Facility B	6.25%	3M US L + 4.00%	07/03/2028		606,053		539,387
Hexion Holdings Corp. TL 1L	5.92%	1M US L + 4.50%	03/15/2029		852,586		760,934
LSF11 A5 HoldCo, LLC TLB 1L	5.14%	1M US L + 3.50%	10/15/2028		552,353		515,417
Lummus Technology Holdings V LLC, 2021 Refinancing B	5.17%	1M US L + 3.50%	06/30/2027		49,619		45,738
Olympus Water US Holding Corp.	6.65%	3M SOFR + 4.50%	11/09/2028		334,251		312,107
Olympus Water US Holding Corporation TLB	6.06%	3M US L + 3.75%	11/09/2028		348,519		323,795
PMHC II, Inc. TL	5.29%	6M US L + 4.25%	04/21/2029		1,614,367		1,401,141

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SENIOR SECURED FIRST LIEN LOANS^(b) (continued)
Chemicals (continued)
Polar US Borrower LLC, Initial	6.00%	1M US L + 4.75%	10/15/2025	$	860,805	$	785,485
Total Chemicals					6,308,766		5,669,751

Commercial Services & Supplies - 2.21% (1.29% of Total Investments)
Allied Universal Holdco LLC, Initial U.S. Dollar	5.42%	1M US L + 3.75%	05/12/2028		984,528		900,430
Ankura Consulting Group LLC, Closing Date	6.14%	1M US L + 4.50%	03/17/2028		177,915		168,129
BRIGHTVIEW LANDSCAPES, LLC TLB1L	4.78%	1M US L + 3.25%	04/20/2029		1,275,522		1,211,746
Garda World Security Corporation TLB 1L	5.75%	1M US L + 4.25%	02/01/2029		1,299,187		1,192,004
Vericast Corp., 2021 Extended	10.00%	3M US L + 7.75%	06/16/2026		308,779		238,788
Viad Corp, Initial	6.67%	1M US L + 5.00%	07/30/2028		1,492,500		1,395,488
Total Commercial Services & Supplies					5,538,431		5,106,585

Communications Equipment - 1.13% (0.66% of Total Investments)
Casa Systems, Inc., Initial	6.25%	3M US L + 5.00%	12/20/2023		904,464		847,374
Global Tel*Link Corp., 2018	5.92%	1M US L + 4.25%	11/29/2025		448,953		415,915
Gogo Intermediate Holdings LLC, Initial	4.99%	3M US L + 3.75%	04/30/2028		1,323,372		1,249,263
MLN US HoldCo LLC, B	5.62%	1M US L + 4.50%	11/30/2025		136,980		88,626
Total Communications Equipment					2,813,769		2,601,178

Construction & Engineering - 0.84% (0.49% of Total Investments)
BROOKFIELD WEC HOLDINGS INC.TL 1L^(h)	N/A	L + 5.25%	08/01/2025		305,631		293,189
DG Investment Intermediate Hlgds, Inc. TL 1L	5.78%	3M SOFR + 5.00%	03/31/2028		226,215		216,035
DG Investment Intermediate Hlgds, Inc. TL-DD 1L	4.98%	1M US L + 4.25%	03/31/2028		83,783		36,446
DG Investment Intermediate Holdings 2, Inc., Initial^(g)	5.42%	1M US L + 3.75%	03/31/2028		85,715		79,902
TRC Companies 11/21 TL	6.00%	3M US L + 3.75%	12/08/2028		1,399,798		1,311,149
Total Construction & Engineering					2,101,142		1,936,721

Construction Materials - 0.48% (0.28% of Total Investments)
Schweitzer-Mauduit International, Inc., B	5.44%	1M US L + 3.75%	04/20/2028		830,788		780,941
Smyrna Ready Mix Concrete, LLC TLB 1L	5.88%	1M SOFR + 4.25%	04/02/2029		362,827		334,708
Total Construction Materials					1,193,615		1,115,649

Containers & Packaging - 3.34% (1.96% of Total Investments)
Clydesdale Acquisition Holdings, Inc.	5.88%	4M US L + 4.35%	04/13/2029		2,061,790		1,923,588
LABL, INC. TL 1L	6.67%	1M US L + 5.00%	10/29/2028		969,449		893,512
Pactiv Evergreen Group Holdings, Inc., Tranche B-3 U.S.	5.17%	1M US L + 3.50%	09/24/2028		81,267		75,940
Pelican Products, Inc. TL	6.50%	3M US L + 4.25%	12/29/2028		490,038		455,735
Pregis TopCo LLC, Initial	5.67%	1M US L + 4.00%	07/31/2026		1,126,784		1,062,929
Pretium PKG Holdings, Inc., Initial	5.04%	1M US L + 4.00%	10/02/2028		357,100		320,276
ProAmpac PG Borrower LLC, 2020-1	5.01%	3M US L + 3.75%	11/03/2025		77,915		71,915
RLG Holdings LLC, Closing Date Initial	5.92%	1M US L + 4.25%	07/07/2028		1,669,188		1,553,730
Sabert Corp., Initial	6.19%	1M US L + 4.50%	12/10/2026		1,441,611		1,365,927
Total Containers & Packaging					8,275,142		7,723,552

Distributors - 0.61% (0.35% of Total Investments)
American Tire Distributors, Inc., TLB	7.00%	3M US L + 6.25%	10/20/2028		501,458		472,624
BCPE Empire Holdings, Inc. ^(h)	N/A	L + 6.25%	06/11/2026		102,074		95,524
BCPE Empire Holdings, Inc., Initial	5.67%	1M US L + 4.00%	06/11/2026		336,907		316,693
Ingram Micro, Inc., Initial	5.75%	3M US L + 3.50%	06/30/2028		546,105		515,387
Total Distributors					1,486,544		1,400,228

Diversified Consumer Services - 3.60% (2.10% of Total Investments)
KUEHG Corp, B-3	6.00%	3M US L + 3.75%	02/21/2025		1,978,807		1,836,748

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SENIOR SECURED FIRST LIEN LOANS^(b) (continued)
Diversified Consumer Services (continued)
Learning Care Group No. 2, Inc., 2020 Incremental	9.82%	3M US L + 8.50%	03/13/2025	$	385,093	$	377,391
LifeMiles, Ltd., Initial	6.82%	3M US L + 5.25%	08/30/2026		79,885		74,759
Pug LLC, B-2	5.92%	1M US L + 4.25%	02/12/2027		1,523,218		1,405,169
Sabre GLBL Inc.TLB 1L	5.88%	1M US L + 4.25%	06/30/2028		64,427		60,441
Sabre GLBL, Inc.
2021 Other B-1	5.17%	1M US L + 3.50%	12/17/2027		181,194		169,078
2021 Other B-2	5.17%	1M US L + 3.50%	12/17/2027		288,835		269,520
SkyMiles IP, Ltd., Initial	4.75%	3M US L + 3.75%	10/20/2027		95,123		94,439
Spin Holdco, Inc., Initial	5.61%	3M US L + 4.00%	03/04/2028		1,435,500		1,318,507
St. George's University Scholastic Services LLC (St. George's University Scholastic Services LLC), Initial Term Loans	4.92%	1M US L + 3.25%	02/10/2029		73,019		68,638
Staples, Inc., 2019 Refinancing New B-1	6.29%	3M US L + 5.00%	04/16/2026		967,798		839,022
The Knot WorldWide Inc. Tl 1L	6.13%	1M US L + 4.50%	12/19/2025		852,105		813,760
Travelport Finance S.a r.l., Initial (Priority)	11.00%	3M US L + 8.75%	02/28/2025		823,268		812,360
TruGreen LP, Second Refinancing	5.67%	1M US L + 4.00%	11/02/2027		181,452		172,076
Total Diversified Consumer Services					8,929,724		8,311,908

Diversified Financial Services - 2.19% (1.28% of Total Investments)
Edelman Financial Center LLC, Initial (2021)	5.17%	1M US L + 3.50%	04/07/2028		427,299		394,504
Galaxy US Opco Inc. TL	6.28%	6M US L + 4.75%	04/29/2029		770,480		721,362
HighTower Holding LLC, Initial	5.10%	3M US L + 4.00%	04/21/2028		560,310		519,222
Mercury Borrower, Inc., TL	5.81%	3M US L + 3.50%	08/02/2028		256,682		238,714
Nexus Buyer LLC, B	5.42%	1M US L + 3.75%	11/09/2026		348,747		328,171
Paysafe Holdings US Corp., Facility B1	4.42%	1M US L + 2.75%	06/28/2028		146,540		134,543
VeriFone Systems, Inc., Initial	5.52%	3M US L + 4.00%	08/20/2025		2,970,663		2,655,772
VFH Parent LLC TLB 1L	4.43%	1M US L + 3.00%	01/13/2029		75,641		71,512
Total Diversified Financial Services					5,556,362		5,063,800

Diversified Telecommunication Services - 4.65% (2.72% of Total Investments)
Altice Financing S.A. TL1L	3.79%	3M US L + 2.75%	01/31/2026		498,695		449,448
Altice France S.A., USD TLB-13 Incremental	5.41%	3M US L + 4.00%	08/14/2026		2,274,398		2,073,250
Altice France SA	4.73%	3M US L + 3.69%	01/31/2026		498,039		451,971
Consolidated Communications, Inc., B-1	5.19%	1M US L + 3.50%	10/02/2027		700,484		617,596
DIRECTV Financing LLC, Closing Date	6.67%	1M US L + 5.00%	08/02/2027		2,062,429		1,893,145
Intelsat Jackson Holdings S.A.^(h)	N/A	L + 4.92%	02/01/2029		950,303		869,356
LCPR Loan Financing LLC, 2021 Additional	5.07%	1M US L + 3.75%	10/16/2028		583,258		562,114
Sorenson Communications LLC, 2021	7.75%	3M US L + 5.50%	03/17/2026		196,813		191,401
Syniverse Holdings, Inc.TL 1L^(h)	N/A	L + 8.29%	05/13/2027		430,552		378,348
Windstream Services II LLC, Initial	7.92%	1M US L + 6.25%	09/21/2027		1,444,949		1,345,970
Xplornet Communications, Inc. TL 1L	5.67%	1M US L + 4.00%	10/02/2028		244,056		222,264
Zacapa S.a.r.l. TL 1L	6.30%	6M US L + 4.25%	03/22/2029		311,647		290,143
Ziggo Financing Partnership TLI 1L^(h)	N/A	L + 3.82%	04/30/2028		1,500,000		1,395,465
Total Diversified Telecommunication Services					11,695,623		10,740,471

Electric Utilities - 0.16% (0.09% of Total Investments)
Generation Bridge Acquisition LLC
B	7.25%	3M US L + 5.00%	12/01/2028		361,952		352,299
C	7.25%	3M US L + 5.00%	12/01/2028		7,560		7,358
Total Electric Utilities					369,512		359,657

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SENIOR SECURED FIRST LIEN LOANS^(b) (continued)
Electrical Equipment - 0.35% (0.21% of Total Investments)
Energy Acquisition LP
Initial	5.92%	3M US L + 4.25%	06/26/2025	$	713,307	$	645,842
Tranche B⁽ⁱ⁾	7.50%	7.50%	04/01/2028		185,147		168,484
Total Electrical Equipment					898,454		814,326

Electronic Equipment, Instruments & Components - 1.13% (0.66% of Total Investments)
Infinite Bidco LLC, Initial	5.50%	3M US L + 3.25%	03/02/2028		1,247,033		1,153,505
Mavenir Systems, Inc., Initial	6.21%	3M US L + 4.75%	08/18/2028		488,764		452,107
Natel Engineering Company, Inc., Initial	7.74%	3M US L + 6.25%	04/30/2026		508,318		486,399
Triton Solar US Acquisition Co., Initial	7.52%	3M US L + 6.00%	10/29/2024		254,026		243,865
Xperi Holding Corp., Initial B	5.17%	1M US L + 3.50%	06/08/2028		297,252		283,784
Total Electronic Equipment, Instruments & Components					2,795,393		2,619,660

Energy Equipment & Services - 0.38% (0.22% of Total Investments)
Lealand Finance Company B.V.
Make-Whole	4.67%	3M US L + 3.00%	06/30/2024		8,469		5,081
Take-Back	2.67%	1M US L + 1.00%	06/30/2025		46,849		23,503
Par Petroleum LLC, Closing Date	7.77%	3M US L + 6.75%	01/11/2026		312,337		296,720
WaterBridge Midstream Operating LLC, Initial	7.39%	3M US L + 5.75%	06/22/2026		590,986		557,595
Total Energy Equipment & Services					958,641		882,899

Food & Staples Retailing - 0.43% (0.25% of Total Investments)
Rent-A-Center, Inc.	4.94%	1M US L + 3.25%	02/17/2028		1,113,910		999,044

Food Products - 0.66% (0.38% of Total Investments)
Chill Merger Sub, Inc.	5.75%	3M US L + 3.50%	03/20/2024		1,250,000		1,086,613
Pacific Bells LLC, Initial Term	6.82%	3M US L + 4.76%	11/10/2028		366,063		337,693
Whole Earth Brands, Inc., Term Loan	6.13%	3M US L + 4.50%	02/05/2028		100,107		93,600
Total Food Products					1,716,170		1,517,906

Health Care Equipment & Supplies - 0.74% (0.43% of Total Investments)
Bausch & Lomb Inc TL 1L	4.55%	1M SOFR + 3.25%	05/10/2027		441,732		410,369
Curium BidCo S.a r.l., Term Loan	6.28%	3M US L + 4.25%	12/02/2027		423,304		401,081
Medplast Holdings, Inc., Initial Term Loan (Late June/Early July)	5.42%	1M US L + 3.75%	07/02/2025		987,212		904,533
Total Health Care Equipment & Supplies					1,852,248		1,715,983

Health Care Providers & Services - 6.02% (3.52% of Total Investments)
Accelerated Health Systems, LLC TLB 1L^(h)	N/A	L + 5.16%	02/15/2029		308,154		291,785
AEA International Holdings S.a.r.l., Initial	6.06%	3M US L + 3.75%	09/07/2028		216,691		206,398
Cambrex Corp., Tranche B-2 Dollar	5.13%	1M US L + 3.60%	12/04/2026		248,594		235,309
Curia Global, Inc., 2021	4.99%	3M US L + 3.75%	08/30/2026		153,265		144,357
Envision Healthcare Corp., Initial	5.42%	1M US L + 3.75%	10/10/2025		987,245		324,804
Eyecare Partners LLC
Amendment No. 1	6.00%	3M US L + 3.75%	11/15/2028		1,283,482		1,179,738
Initial	6.00%	3M US L + 3.75%	02/18/2027		575,574		530,967
Global Medical Response, Inc.
2018 New	5.92%	1M US L + 4.25%	03/14/2025		650,517		603,764
2020 Refinancing	5.25%	3M US L + 4.25%	10/02/2025		1,128,797		1,047,671
Heartland Dental LLC, 2021 Incremental	5.64%	1M US L + 4.00%	04/30/2025		803,680		750,235
Heartland Dental, LLC, Initial	5.17%	1M US L + 3.50%	04/30/2025		492,334		456,024
Hunter Holdco 3, Ltd., Initial Dollar	6.50%	3M US L + 4.25%	08/19/2028		474,011		449,125
Midwest Veterinary Partners LLC, Initial	5.67%	1M US L + 4.00%	04/27/2028		1,536,890		1,452,362
Organon & Co.	4.63%	1M US L + 3.00%	06/02/2028		1,500,000		1,440,630

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SENIOR SECURED FIRST LIEN LOANS^(b) (continued)
Health Care Providers & Services (continued)
Pathway Vet Alliance LLC, 2021 Replacement	6.00%	3M US L + 3.75%	03/31/2027	$	299,565	$	277,472
Radiology Partners, Inc., B	5.87%	1M US L + 4.25%	07/09/2025		944,844		844,218
Sharp MidCo, LLC TL 1L	6.25%	3M US L + 4.00%	12/31/2028		350,905		328,096
Southern Veterinary Partners LLC, Initial	5.00%	3M US L + 4.00%	10/05/2027		90,787		86,096
Summit Behavioral 11/21	6.26%	3M US L + 4.75%	11/24/2028		731,780		698,850
UWH PLLC, Initial	5.31%	3M US L + 4.25%	12/18/2027		1,492,500		1,405,756
Verscend Holding Corp., B-1	5.67%	1M US L + 4.00%	08/27/2025		676,718		646,266
WCG Purchaser Corp., Initial	6.25%	3M US L + 4.00%	01/08/2027		539,657		509,976
Total Health Care Providers & Services					15,485,990		13,909,899

Health Care Technology - 3.15% (1.84% of Total Investments)
Athenahealth Group Inc. TLB 1L^(g)	5.01%	1M US L + 3.50%	02/15/2029		3,837,605		2,967,246
Gainwell Acquisition Corp., B	6.25%	3M US L + 4.00%	10/01/2027		1,998,707		1,886,280
MJH Healthcare Holdings, LLC L1	5.11%	1M US L + 3.50%	01/28/2029		231,006		217,145
TTF Holdings LLC, Initial	5.94%	1M US L + 4.25%	03/31/2028		752,182		720,214
Waystar Technologies, Inc., Initial	5.67%	1M US L + 4.00%	10/22/2026		812,778		769,091
Zelis Cost Management Buyer, Inc., B-1	4.56%	1M US L + 3.50%	09/30/2026		763,608		717,318
Total Health Care Technology					8,395,886		7,277,294

Hotels, Restaurants & Leisure - 2.75% (1.61% of Total Investments)
20th Holdings Golf, LLC TLB 1L	4.49%	1M US L + 3.56%	02/07/2029		944,859		892,892
Aimbridge Hsp Incre CL TLB	6.26%	1M US L + 4.75%	02/02/2026		248,738		223,865
Alterra Mountain Co., Series B-2	5.17%	1M US L + 3.50%	08/17/2028		529,296		502,169
Arcis 11/21 Cov-Lite TLB	5.92%	1M US L + 4.25%	11/24/2028		309,607		297,997
Cinemark USA, Inc., Additional	3.31%	1M US L + 1.75%	03/31/2025		496,006		465,968
Fertitta Entertainment, LLC TLB 1L	5.53%	1M US L + 4.00%	01/27/2029		1,593,136		1,465,095
Herschend Entertainment Company LLC, Initial (2021)	5.44%	3M US L + 3.75%	08/27/2028		132,734		126,263
Hilton Grand Vacations Borrower LLC, Initial Term Loans	4.67%	1M US L + 3.00%	08/02/2028		1,000,000		934,380
Kingpin Intermediate Holdings LLC, 2018 Refinancing	5.17%	1M US L + 3.50%	07/03/2024		673,738		641,567
United PF Holdings LLC
Incremental Term Loan	10.75%	3M US L + 8.50%	12/30/2026		354,600		345,735
Initial	6.25%	3M US L + 4.00%	12/30/2026		509,533		464,312
Total Hotels, Restaurants & Leisure					6,792,247		6,360,243

Household Durables - 1.73% (1.01% of Total Investments)
At Home Group, Inc., Initial	4.97%	3M US L + 4.25%	07/24/2028		421,788		324,988
Conair Holdings LLC, Initial	6.00%	3M US L + 3.75%	05/17/2028		765,699		638,080
Hunter Douglas Inc. TLB 1L	4.84%	3M US L + 3.50%	02/26/2029		2,252,086		1,932,582
Mattress Firm, Inc., 2021	5.64%	3M US L + 4.25%	09/25/2028		618,128		531,590
Weber-Stephen Products LLC, Initial B	4.92%	1M US L + 3.25%	10/30/2027		497,115		449,889
Weber-Stephen Products LLC TLB 1L	5.88%	1M US L + 4.25%	10/30/2027		137,383		129,140
Total Household Durables					4,692,199		4,006,269

Household Products - 1.16% (0.68% of Total Investments)
Olaplex, Inc. TL 1L	4.80%	3M US L + 3.75%	02/23/2029		1,360,245		1,282,030
Sunshine Luxembourg VII Sarl, Facility B3	6.00%	3M US L + 3.75%	10/01/2026		1,500,000		1,384,815
Total Household Products					2,860,245		2,666,845

Industrial Conglomerates - 1.04% (0.61% of Total Investments)
Circor International, Inc. TLB	7.14%	3M US L + 4.50%	12/20/2028		319,538		292,377
Madison IAQ LLC, Initial	5.35%	3M US L + 3.25%	06/21/2028		501,097		455,161
Majordrive Holdings IV LLC, Initial	5.63%	3M US L + 4.00%	06/01/2028		254,118		227,514
MajorDrive Holdings IV LLC	7.05%	3M US L + 5.50%	06/01/2029		297,469		273,672
Redwood Star Merger Sub, Inc.	6.13%	1M US L + 4.50%	04/05/2029		889,723		826,998

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SENIOR SECURED FIRST LIEN LOANS^(b) (continued)
Industrial Conglomerates (continued)
Star US Bidco LLC, Initial	5.92%	1M US L + 4.25%	03/17/2027	$	345,687	$	329,267
Total Industrial Conglomerates					2,607,632		2,404,989

Insurance - 2.06% (1.20% of Total Investments)
Acrisure LLC
11/21 Incremental	5.92%	1M US L + 4.25%	02/15/2027		295,678		278,431
2020	5.17%	1M US L + 3.50%	02/15/2027		807,570		738,926
2021-1 Additional	5.42%	1M US L + 3.75%	02/15/2027		686,550		641,066
Asurion LLC, New B-9	4.92%	1M US L + 3.25%	07/31/2027		1,318,170		1,189,648
Baldwin Risk Partners LLC	4.69%	1M US L + 3.50%	10/14/2027		422,275		400,633
IMA Financial Group, Inc., TL	5.42%	1M US L + 3.75%	11/01/2028		269,657		254,152
OneDigital Borrower, LLC TL 1L	5.88%	1M US L + 4.25%	11/16/2027		1,326,377		1,252,326
Total Insurance					5,126,277		4,755,182

Internet and Catalog Retail - 0.42% (0.25% of Total Investments)
Shutterfly LLC, 2021 Refinancing B	7.25%	3M US L + 5.00%	09/25/2026		671,941		538,897
Titan Acquisition Co New Zealand Limited TL 1L	6.25%	3M US L + 4.00%	10/18/2028		466,178		438,986
Total Internet and Catalog Retail					1,138,119		977,883

IT Services - 2.56% (1.50% of Total Investments)
Avaya Inc. TL 1L^(h)	N/A	L + 12.23%	02/15/2027		260,870		236,087
Avaya, Inc.
Tranche B-1	5.57%	1M US L + 4.25%	12/15/2027		87,209		65,407
Tranche B-2	5.32%	1M US L + 4.00%	12/15/2027		912,791		689,157
Constant Contact, Inc.	5.01%	3M US L + 4.00%	02/10/2028		1,675,840		1,481,024
Endurance International Group Holdings, Inc., Initial	4.62%	1M US L + 3.50%	02/10/2028		847,765		759,453
Escape Velocity Holdings, Inc. TL	7.13%	3M US L + 4.25%	10/08/2028		283,497		265,070
Intrado Corp., Initial B	5.67%	1M US L + 4.00%	10/10/2024		208,535		176,443
ION Trading Finance, Ltd., Initial Dollar (2021)	7.00%	3M US L + 4.75%	04/01/2028		1,015,310		933,456
Virtusa Corp.	5.42%	1M US L + 3.75%	02/11/2028		1,188,687		1,119,600
Virtusa Corporation TL 1L	5.38%	1M US L + 3.85%	02/15/2029		190,106		179,017
Total IT Services					6,670,610		5,904,714

Machinery - 0.54% (0.31% of Total Investments)
ELEMENT MTRL TECH GP HLDG TL^(g)(h)	N/A	SOFR + 4.25%	04/12/2029		1,022,180		655,944
Pro Mach Group, Inc., Closing Date Initial^(g)	5.06%	1M US L + 4.00%	08/31/2028		654,519		584,912
Total Machinery					1,676,699		1,240,856

Media - 1.86% (1.09% of Total Investments)
Castle US Holding Corp., Initial Dollar	5.42%	1M US L + 3.75%	01/29/2027		1,055,878		922,838
Cimpress plc, Tranche B-1	5.17%	1M US L + 3.50%	05/17/2028		164,849		152,279
Creative Artists Agency LLC
Closing Date	5.42%	1M US L + 3.75%	11/27/2026		670,773		634,552
Incremental B-1	5.92%	1M US L + 4.25%	11/27/2026		368,899		348,978
Cumulus Media New Holdings, Inc., Initial	4.75%	3M US L + 3.75%	03/31/2026		699,859		665,887
Recorded Books, Inc., 2021 Replacement	6.00%	3M US L + 4.00%	08/29/2025		938,541		888,095
United Talent Agency LLC, B	6.25%	3M US L + 4.00%	07/07/2028		746,587		690,593
Total Media					4,645,386		4,303,222

Oil, Gas & Consumable Fuels - 1.30% (0.76% of Total Investments)
Brazos Delaware II LLC, Initial	5.60%	1M US L + 4.00%	05/21/2025		673,903		647,958
CITGO Holding, Inc.	8.67%	3M US L + 7.00%	08/01/2023		1,357,460		1,337,384
Oryx Midstream Services Permian Basin, LLC TLB 1L	4.71%	3M US L + 3.25%	10/05/2028		690,575		655,618
Permian Production Partners, LLC, Initial	7.67%	1M US L + 6.00%	11/20/2025		41,278		41,174

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SENIOR SECURED FIRST LIEN LOANS^(b) (continued)
Oil, Gas & Consumable Fuels (continued)
Traverse Midstream Partners LLC	5.94%	3M US L + 4.97%	09/27/2024	$	340,971	$	324,492
Total Oil, Gas & Consumable Fuels					3,104,187		3,006,626

Personal Products - 0.39% (0.23% of Total Investments)
KDC/ONE Development Corp., Inc., Initial (2020)	5.42%	1M US L + 3.75%	12/22/2025		974,811		909,011

Pharmaceuticals - 1.18% (0.69% of Total Investments)
Alvogen Pharma US, Inc., 1/1/2020 12:00:00 AM	7.50%	3M US L + 5.25%	12/31/2023		1,638,583		1,430,483
Amneal Pharmaceuticals, LLC, Initial Term Loan	5.50%	1M US L + 3.50%	05/04/2025		977,926		882,578
Endo Luxembourg Finance Company I S.a r.l., 2021	6.69%	1M US L + 5.00%	03/27/2028		529,241		403,493
Total Pharmaceuticals					3,145,750		2,716,554

Professional Services - 1.23% (0.72% of Total Investments)
AQ Carver Buyer, Inc., Initial	7.25%	3M US L + 5.00%	09/23/2025		456,193		440,226
Conduent Business Services, LLC TLB 1L	5.92%	1M US L + 4.25%	10/16/2028		310,312		301,003
Equiniti Group PLC, TLB	6.75%	3M US L + 4.50%	12/11/2028		335,838		317,367
UST Global, Inc.	5.39%	3M US L + 3.75%	11/20/2028		567,774		537,256
Vaco Holdings, LLC TL 1L	7.20%	3M US L + 5.00%	01/21/2029		1,297,966		1,244,970
Total Professional Services					2,968,083		2,840,822

Real Estate Management & Development - 0.80% (0.47% of Total Investments)
Forest City Enterprises LP, Replacement	5.17%	1M US L + 3.50%	12/08/2025		1,939,248		1,845,932

Road & Rail - 0.12% (0.07% of Total Investments)
Savage Enterprises LLC, Initial	4.90%	1M US L + 3.25%	09/15/2028		301,061		286,198

Software - 9.84% (5.76% of Total Investments)
Apex Group Treasury LLC, 2021 USD Term Loan	5.32%	3M US L + 3.75%	07/27/2028		158,790		150,057
Apex Group Treasury, Ltd., USD	6.00%	3M US L + 3.75%	07/27/2028		875,600		827,442
Ascend Learning 11/21 TLB	5.17%	1M US L + 3.50%	12/11/2028		1,142,807		1,052,811
Astra Acquisition Corp. TL 1L	6.92%	3M US L + 5.25%	10/25/2028		1,097,925		949,705
Cardinal Parent, Inc., Initial	6.13%	1M US L + 4.50%	11/12/2027		239,630		226,450
CDK GLOBAL, INC. TLB 1L^(h)	N/A	SOFR + 4.50%	07/01/2029		258,696		243,854
CommerceHub, Inc., Initial	6.25%	3M US L + 4.00%	12/29/2027		823,305		722,450
Conservice Midco LLC, Initial	5.92%	1M US L + 4.25%	05/13/2027		1,111,180		1,050,766
Cornerstone OnDemand, Inc., Initial	5.42%	1M US L + 3.75%	10/16/2028		640,307		570,943
CT Technologies Intermediate Holdings, Inc., 2021	5.92%	1M US L + 4.25%	12/16/2025		381,169		355,440
DCert Buyer, Inc., Initial	5.67%	1M US L + 4.00%	10/16/2026		1,091,810		1,040,724
EagleView Technology Corp., Term Loan	5.75%	3M US L + 3.50%	08/14/2025		796,124		727,458
Fiserv Investment Solutions, Inc., Initial	5.46%	3M US L + 4.00%	02/18/2027		439,740		416,104
Greeneden U.S. Holdings I LLC, Initial Dollar (2020)	5.67%	1M US L + 4.00%	12/01/2027		1,430,143		1,363,642
Idera, Inc., B-1	4.82%	1M US L + 3.75%	03/02/2028		196,944		181,066
IGT Holding IV AB, Term Loan	5.65%	3M US L + 3.40%	03/31/2028		104,461		97,149
Imperva, Inc., Term Loan	5.40%	3M US L + 4.00%	01/12/2026		405,394		362,016
Magenta Buyer LLC, Initial	6.23%	3M US L + 5.00%	07/27/2028		2,164,481		1,939,527
MCAFEE CORP. TLB 1L	5.15%	1M US L + 4.00%	03/01/2029		3,686,591		3,345,581
MH Sub I LLC, 2020 June New	5.42%	1M US L + 3.75%	09/13/2024		1,171,373		1,100,798
Planview Parent, Inc., Closing Date	5.67%	1M US L + 4.00%	12/17/2027		958,368		900,866
Playtika Holding Corp., B-1	4.42%	1M US L + 2.75%	03/13/2028		1,500,000		1,410,945
Project Alpha Intermediate Holding, Inc., 2021 Refinancing	5.67%	1M US L + 4.00%	04/26/2024		1,577,768		1,511,706
Skillsoft Finance II, Inc., Initial	6.19%	3M US L + 5.25%	07/14/2028		377,778		349,822

		Reference Rate	Maturity	Principal
	Coupon^(a)	& Spread	Date	Amount		Value
SENIOR SECURED FIRST LIEN LOANS^(b) (continued)
Software (continued)
SS&C Technologies, Inc.
Term B-6 Loan	3.88%	1M US L + 2.25%	03/22/2029	$	306,646	$	291,467
Term B-7 Loan	3.88%	1M US L + 2.25%	03/22/2029		420,401		399,591
Ultimate Software 11/21 TL	4.21%	3M US L + 3.25%	05/04/2026		246,060		229,913
Upland Software, Inc., Initial	5.42%	1M US L + 3.75%	08/06/2026		975,000		922,594
Total Software					24,578,491		22,740,887

Specialty Retail - 2.11% (1.24% of Total Investments)
Bass Pro/Great American 11/21 TLB	5.42%	1M US L + 3.75%	03/06/2028		2,178,673		1,980,414
Fender Musical Instruments Corporation	5.23%	1M US L + 4.00%	12/01/2028		202,695		191,294
Franchise Group, Inc., Initial	6.50%	3M US L + 4.75%	03/10/2026		1,139,798		1,036,270
Harbor Freight Tools USA, Inc.^(h)	N/A	L + 4.42%	10/19/2027		441,176		388,588
Jo-Ann Stores LLC, Additional B-1	5.96%	3M US L + 4.75%	07/07/2028		1,121,149		779,199
Rising Tide Holdings, Inc., Initial	6.42%	1M US L + 4.75%	06/01/2028		251,109		217,837
Torrid LLC, Closing Date	6.74%	3M US L + 5.50%	06/14/2028		307,276		288,840
Total Specialty Retail					5,641,876		4,882,442

Textiles, Apparel & Luxury Goods - 2.44% (1.43% of Total Investments)
ABG Intermediate Holdings 2 LLC, Tranche TLB-1 Term Loans	5.13%	6M US L + 3.50%	12/21/2028		1,216,647		1,134,523
ABG INTERMEDIATE HOLDINGS 2 LLC TLB 1L^(h)	N/A	L + 4.92%	09/29/2024		1,000,000		956,750
BK LC Lux SPV S.a r.l., Facility B	5.10%	3M US L + 3.25%	04/28/2028		890,901		813,321
Champ Acquisition Corp., Initial	6.51%	6M US L + 5.50%	12/19/2025		469,693		455,603
Crocs, Inc.TLB 1L	4.45%	6M US L + 3.50%	02/20/2029		1,489,019		1,352,223
Elevate Textiles, Inc., Initial	5.97%	3M US L + 5.00%	05/01/2024		1,149,112		925,035
Total Textiles, Apparel & Luxury Goods					6,215,372		5,637,455

Transportation Infrastructure - 0.12% (0.07% of Total Investments)
Grab Holdings, Inc., Initial	5.50%	3M US L + 4.50%	01/29/2026		301,454		274,323

Wireless Telecommunication Services - 0.22% (0.13% of Total Investments)
LSF9 ATLANTIS HOLDINGS, LLC	9.30%	3M SOFR + 7.25%	03/31/2029		567,029		514,862

Total Senior Secured First Lien Loans (Cost $193,304,410)				$	197,044,833	$	179,320,556

	Shares		Value
COMMON STOCK - 0.10%^* (0.06% of Total Investments)
Aerospace & Defense - 0.00%^(j) (0.00% of Total Investments)
New Constellis Borrower LLC^(k)		6,795	$	2,463

Food & Staples Retailing - 0.09% (0.06% of Total Investments)
CEC Brands, LLC^(k)		10,454		210,821

Oil, Gas & Consumable Fuels - 0.01% (0.00)%^(j)of Total Investments)
Permian Production Partners^(k)		18,995		12,347

Total Common Stock (Cost $94,507)		36,244	$	225,631

	Shares		Value
MONEY MARKET MUTUAL FUNDS - 0.60%^* (0.35% of Total Investments)
Invesco Short Term Investments Trust Treasury Portfolio, Institutional Class
(1.350% 7-Day Yield)		1,393,284	$	1,393,284
Total Money Market Mutual Funds (Cost $1,393,284)		1,393,284	$	1,393,284

Total Investments - 170.98% (Cost $449,238,220)			$	395,060,936
Liabilities in Excess of Other Assets - (2.22)%				(5,139,140	)
Preferred Shares (Net of $1,293,075 Deferred Financing Costs) - (21.04)%				(48,606,925	)
Leverage Facility (Net of $397,607 Deferred Leverage Costs) - (47.72)%				(110,252,393	)
Net Assets Applicable to Common Shareholders - 100.00%			$	231,062,478

^*	Amounts above are shown as a percentage of net assets applicable to common shareholder as of June 30, 2022.
^(a)	The rate shown is the coupon as of the end of the reporting period.
^(b)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at June 30, 2022. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Leveraged loans and CLO debt securities typically have reference Rate Floors (“Rate Floors”) embedded in their loan agreements and organizational documents. Leveraged loans generally have Rate Floors of 0% or more, while CLO debt securities often set Rate Floors at 0%. Rate Floors serve to establish a minimum base rate to be paid by the borrower before the fixed spread. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.
^(c)	As a result of the use of significant unobservable inputs to determine fair value, this investment has been classified as a Level 3 asset.
^(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933. Total market value of Rule 144A securities amounts to $203,906,975, which represents approximately 88.25% of the Trust's net assets as of June 30, 2022. Such securities may normally be sold to qualified institutional buyers in transactions exempt from registration.
^(e)	CLO subordinated notes, income notes, Y notes and 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. The effective yield is estimated based upon the amount and timing of these recurring distributions in addition to the estimated amount of terminal principal payment. Effective yields for the CLO equity positions are updated generally once a quarter or on a transaction such as an add-on purchase, refinancing or reset. The estimated yield and investment cost may ultimately not be realized. Estimated yields shown are based on rates that existed as of June 30, 2022.
^(f)	Fair value includes the Trust's interest in fee rebates on CLO subordinated notes.
^(g)	This investment has an unfunded commitment as of June 30, 2022.
^(h)	When-issued or delivery-delayed security. All or a portion of this position has not settled as of June 30, 2022. The interest rate shown represents the stated spread over the applicable floor; the Trust will not accrue interest until the settlement date, at which point the reference rate floor will be established. The total cost of securities purchased on a when-issued or delivery-delayed basis was $8,125,918 as of June 30, 2022.
⁽ⁱ⁾	Fixed rate.
^(j)	Less than 0.005%.
^(k)	Non-income producing security.

All securities held as of June 30, 2022 are pledged as collateral for the Trust's credit facility.

Abbreviations:

1M US L- 1 Month LIBOR (London Interbank Offered Rate)

1M SOFR - 1 Month SOFR (Secured Overnight Financing Rate)

3M SOFR – 3 Month SOFR (Secured Overnight Financing Rate)

3M US L- 3 Month LIBOR (London Interbank Offered Rate

6M US L -6 Month LIBOR (London Interbank Offered Rate)

SARL – Societe Anonyme a Responsabilite Limitee (French: Limited Liability Company)

XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) NPORT-PXAI Octagon Floating Rate & Alternative Income Term Trust (Jun 2022 report)