Form NPORT-P First Eagle Credit Oppor For: Mar 31

Article

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 4/23/2024

1. TSLA
2. GM
3. SPY
4. SPOT
5. SHW

6. AMZN
7. AAPL
8. NVDA
9. MTTR
10. MINN

Top News Most Read Special Reports

May 27, 2022 5:48 PM EDT

E-mail


  
    NPORT-P
    false
    
      
      
        
          0001818416
          XXXXXXXX
        
      
      
      
      
      
    
  
  
    
      First Eagle Credit Opportunities Fund
      811-23592
      0001818416
      549300K4XYBF9JAM1U67
      1345 Avenue of the Americas
      New York
      
      10105
      800-334-2143
      First Eagle Credit Opportunities Fund
      549300K4XYBF9JAM1U67
      2022-12-31
      2022-03-31
      N
    
    
      399338414.20
      94980160.16
      304358254.04
      0.00000000
      70323475.03000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      3424454.65000000
      
        
          USD
          
          
        
      
      
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Zenith American Holding, Inc.
        N/A
        Zenith American Holding, Inc., Term Loan-First Lien
        N/A
        
          
        
        911561.50000000
        PA
        USD
        911561.50000000
        0.299502802339
        Long
        LON
        CORP
        US
        Y
        3
        
          2023-12-13
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Condor Merger Sub, Inc. (McAfee)
        N/A
        Condor Merger Sub, Inc. (McAfee), Tern Loan B - First Lien
        57906HAD9
        
          
        
        3000000.00000000
        PA
        USD
        2983125.00000000
        0.980136060186
        Long
        LON
        CORP
        US
        N
        2
        
          2029-03-01
          Variable
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SonicWall US Holdings Inc.
        N/A
        SonicWall US Holdings Inc., Term Loan - Second Lien
        83547MAE7
        
          
        
        4640000.00000000
        PA
        USD
        4562651.20000000
        1.499105458595
        Long
        LON
        CORP
        US
        N
        2
        
          2026-05-18
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ingenio LLC
        N/A
        Ingenio LLC, Term Loan - First Lien
        N/A
        
          
        
        1373906.29000000
        PA
        USD
        1353297.70000000
        0.444639723758
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-08-03
          Variable
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Addison Group (AG Group Holdings Inc)
        N/A
        Addison Group (AG Group Holdings Inc), Term Loan B - First Lien
        00117EAB5
        
          
        
        4000000.00000000
        PA
        USD
        3987520.00000000
        1.310140253162
        Long
        LON
        CORP
        US
        N
        2
        
          2028-12-29
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Serta Simmons Bedding LLC
        549300M4F4V4WFPNI116
        Serta Simmons Bedding LLC, Term Loan - First Lien
        81753HAG6
        
          
        
        2000000.00000000
        PA
        USD
        1893190.00000000
        0.622026830181
        Long
        LON
        CORP
        US
        N
        2
        
          2023-08-10
          Variable
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Zacapa LLC (Ufinet)
        N/A
        Zacapa LLC (Ufinet), Term Loan - First Lien
        L9901EAE7
        
          
        
        3000000.00000000
        PA
        USD
        2987250.00000000
        0.981491370891
        Long
        LON
        CORP
        US
        N
        2
        
          2029-03-22
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Amentum Government Services Holdings LLC
        N/A
        Amentum Government Services Holdings LLC, Term Loan - First Lien
        57776DAE3
        
          
        
        2000000.00000000
        PA
        USD
        1987500.00000000
        0.653013339910
        Long
        LON
        CORP
        US
        N
        2
        
          2029-02-15
          Variable
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cc Amulet Intermediate LLC
        N/A
        CC Amulet Management LLC, Revolver
        N/A
        
          
        
        25350.52333333
        PA
        USD
        24970.26740333
        0.008204235328
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-08-31
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vaco Holdings LLC
        N/A
        Vaco Holdings LLC, Term Loan - First Lien
        91865FAJ8
        
          
        
        2000000.00000000
        PA
        USD
        1991250.00000000
        0.654245440551
        Long
        LON
        CORP
        US
        N
        2
        
          2029-01-21
          Variable
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SPX Flow, Inc.
        N/A
        SPX Flow, Inc., Term Loan B - First Lien
        N/A
        
          
        
        2000000.00000000
        PA
        USD
        1950830.00000000
        0.640965038439
        Long
        LON
        CORP
        US
        N
        2
        
          2029-03-16
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Osmosis Buyer Ltd.
        N/A
        Osmosis Buyer Ltd., Term Loan B - First Lien
        00132UAL8
        
          
        
        1629629.63000000
        PA
        USD
        1614865.19000000
        0.530580383007
        Long
        LON
        CORP
        US
        N
        2
        
          2028-07-31
          Variable
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Veregy Consolidated, Inc.
        N/A
        Veregy Consolidated, Inc., Term Loan - First Lien
        92340CAB5
        
          
        
        493750.00000000
        PA
        USD
        483875.00000000
        0.158982052754
        Long
        LON
        CORP
        US
        N
        3
        
          2027-11-03
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WW International, Inc.
        SGT8R1MU6ESIC7UJC518
        WW International, Inc.
        98262PAA9
        
          
        
        1000000.00000000
        PA
        USD
        809730.00000000
        0.266045027283
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Power Stop LLC
        N/A
        Power Stop LLC, Term Loan - First Lien
        73931HAH6
        
          
        
        4000000.00000000
        PA
        USD
        3930000.00000000
        1.291241472124
        Long
        LON
        CORP
        US
        N
        3
        
          2029-01-26
          Variable
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Riveron Consulting LLC
        N/A
        Riveron Consulting LLC, Term Loan - First Lien
        N/A
        
          
        
        506627.60000000
        PA
        USD
        506627.60000000
        0.166457650901
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-05-22
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pretium PKG Holdings, Inc.
        N/A
        Pretium PKG Holdings, Inc., Term Loan - Second Lien
        74142KAH2
        
          
        
        1963090.83000000
        PA
        USD
        1912384.19000000
        0.628333276530
        Long
        LON
        CORP
        US
        N
        2
        
          2029-10-01
          Variable
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Creation Technologies, Inc.
        N/A
        Creation Technologies, Inc., Term Loan - First Lien
        22526YAB0
        
          
        
        250000.00000000
        PA
        USD
        244687.50000000
        0.080394566847
        Long
        LON
        CORP
        US
        N
        3
        
          2028-10-05
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Advanced Web Technologies
        N/A
        Advanced Web Technologies, First Amendment Delayed Draw
        N/A
        
          
        
        333333.33352941
        PA
        USD
        333333.33352941
        0.109520057072
        Long
        LON
        CORP
        US
        N
        3
        
          2026-12-17
          Variable
          6.74997975
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intelsat Jackson Holdings S.A.
        N/A
        Intelsat Jackson Holdings S.A.-Term B Loan- First Lien
        N/A
        
          
        
        2000000.00000000
        PA
        USD
        1970780.00000000
        0.647519813851
        Long
        LON
        CORP
        US
        N
        2
        
          2029-02-01
          Variable
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tricor Borrower LLC
        N/A
        Tricor Borrower LLC, Term Loan - First Lien
        N/A
        
          
        
        1933926.92000000
        PA
        USD
        1904918.02000000
        0.625880190438
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-10-22
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Limetree Bay Terminals LLC (Limetree Bay Financing, LLC)
        N/A
        Limetree Bay Terminals LLC (Limetree Bay Financing, LLC), Incremental Term Loan - First Lien
        N/A
        
          
        
        1110698.29000000
        PA
        USD
        939000.99000000
        0.308518325866
        Long
        LON
        CORP
        US
        N
        2
        
          2024-02-15
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        nThrive, Inc. (fka Precyse Acquisition Corp.)
        N/A
        nThrive, Inc. (fka Precyse Acquisition Corp.), Term Loan - Second Lien
        58404KAK1
        
          
        
        2000000.00000000
        PA
        USD
        1976000.00000000
        0.649234897943
        Long
        LON
        CORP
        US
        N
        2
        
          2029-12-17
          Variable
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        A and R Logistics Holdings, Inc.
        N/A
        A and R Logistics Holdings, Inc., Tranche 9 Incremental Term Loan - First Lien
        N/A
        
          
        
        626924.13000000
        PA
        USD
        626924.13000000
        0.205982299371
        Long
        LON
        CORP
        US
        N
        3
        
          2025-05-03
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apex Service Partners LLC
        N/A
        Apex Service Partners LLC, Term Loan - First Lien
        03768JAH7
        
          
        
        532000.00000000
        PA
        USD
        532000.00000000
        0.174794010984
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-07-31
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arcline FM Holdings LLC
        N/A
        Arcline FM Holdings LLC, Term Loan - First Lien
        03960DAB9
        
          
        
        2985000.00000000
        PA
        USD
        2952672.45000000
        0.970130565150
        Long
        LON
        CORP
        US
        N
        2
        
          2028-06-23
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dynacast International LLC
        N/A
        Dynacast International LLC, Term Loan B - First Lien
        34634FAB5
        
          
        
        329280.26000000
        PA
        USD
        328868.66000000
        0.108053143174
        Long
        LON
        CORP
        US
        N
        2
        
          2025-07-22
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Community Based Care Acquisition, Inc.
        N/A
        Community Based Care Acquisition, Inc., Revolver
        N/A
        
          
        
        201219.51299999
        PA
        USD
        198201.22300000
        0.065121027726
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-09-15
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WildBrain Ltd.
        N/A
        WildBrain Ltd., Term Loan B - First Lien
        C2918PAE8
        
          
        
        4987405.54000000
        PA
        USD
        4957805.29000000
        1.628937353986
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-24
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RSA Security LLC (Redstone)
        N/A
        RSA Security LLC (Redstone), Term Loan - Second Lien
        75774EAK1
        
          
        
        5000000.00000000
        PA
        USD
        4603125.00000000
        1.512403537245
        Long
        LON
        CORP
        US
        N
        2
        
          2029-04-27
          Variable
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BENGAL DEBT MERGER SUB LLC
        N/A
        BENGAL DEBT MERGER SUB LLC, Term Loan
        62984CAE3
        
          
        
        163636.36000000
        PA
        USD
        161298.81000000
        0.052996364599
        Long
        LON
        CORP
        US
        N
        2
        
          2029-01-24
          Variable
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cedar Services Group LLC
        N/A
        Cedar Services Group LLC, Term Loan - First Lien
        N/A
        
          
        
        677529.19000000
        PA
        USD
        672447.72000000
        0.220939537888
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-06-11
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Travelcenters of America, Inc.
        N/A
        Travelcenters of America, Inc., Term Loan - First Lien
        894173AH6
        
          
        
        990000.00000000
        PA
        USD
        1004850.00000000
        0.330153687853
        Long
        LON
        CORP
        US
        Y
        2
        
          2027-12-14
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Civitas Solutions Inc. (National Mentor Holding)
        5493004QULJVJP3CNZ62
        Civitas Solutions Inc. (National Mentor Holding), Term Loan - Second Lien
        63689EAW5
        
          
        
        5000000.00000000
        PA
        USD
        4850000.00000000
        1.593516829467
        Long
        LON
        CORP
        US
        N
        3
        
          2029-03-02
          Variable
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WH Borrower LLC
        N/A
        WH Borrower LLC (aka WHP Global), Term Loan B - First Lien
        92942LAB7
        
          
        
        3000000.00000000
        PA
        USD
        2955000.00000000
        0.970895305376
        Long
        LON
        CORP
        US
        N
        3
        
          2027-02-15
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Condor Merger Sub, Inc.
        254900SAGUYT3MBUU161
        Condor Merger Sub, Inc.
        579063AB4
        
          
        
        2000000.00000000
        PA
        USD
        1918480.00000000
        0.630336116906
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-02-15
          Fixed
          7.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cedar Services Group LLC
        N/A
        Cedar Services Group LLC, Incremental Term Loan - First Lien
        N/A
        
          
        
        2000000.00000000
        PA
        USD
        1985000.00000000
        0.652191939482
        Long
        LON
        CORP
        US
        N
        3
        
          2027-06-11
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Auxey Bidco Ltd.
        N/A
        Auxey Bidco Ltd., Term Loan B - First Lien
        N/A
        
          
        
        4562500.00000000
        PA
        USD
        4444171.56000000
        1.460177767814
        Long
        LON
        CORP
        US
        Y
        2
        
          2025-06-16
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Advanced Web Technologies
        N/A
        Advanced Web Technologies, Term Loan - First Lien
        N/A
        
          
        
        802733.23000000
        PA
        USD
        802733.23000000
        0.263746167335
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-12-17
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bausch Health Companies, Inc.
        N/A
        Bausch Health Companies, Inc., Term Loan B - First lien
        C9413PBD4
        
          
        
        3000000.00000000
        PA
        USD
        2975865.00000000
        0.977750713344
        Long
        LON
        CORP
        US
        N
        2
        
          2027-01-27
          Variable
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        iLending LLC
        N/A
        iLending LLC, Term Loan - First Lien
        N/A
        
          
        
        1176923.08000000
        PA
        USD
        1176923.08000000
        0.386690048447
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-06-21
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Smyrna Ready Mix Concrete LLC
        N/A
        Smyrna Ready Mix Concrete LLC, Term Loan - First Lien
        N/A
        
          
        
        2000000.00000000
        PA
        USD
        1977500.00000000
        0.649727738200
        Long
        LON
        CORP
        US
        N
        3
        
          2029-03-24
          Variable
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Milk Specialties Co.
        N/A
        Milk Specialties Co., Term Loan - Second Lien
        59979TAK5
        
          
        
        3000000.00000000
        PA
        USD
        3015000.00000000
        0.990608915637
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-02-16
          Variable
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crown Finance US, Inc.
        N/A
        Crown Finance US, Inc., Term Loan B-1 - First Lien
        22834KAH4
        
          
        
        1128639.16000000
        PA
        USD
        1336032.25000000
        0.438966984553
        Long
        LON
        CORP
        US
        N
        2
        
          2024-05-23
          Variable
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Allen Media LLC
        N/A
        Allen Media LLC
        01771YAA8
        
          
        
        3000000.00000000
        PA
        USD
        2955840.00000000
        0.971171295920
        Long
        DBT
        CORP
        US
        Y
        2
        
          2028-02-15
          Fixed
          10.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Magic Mergeco, Inc.
        549300H9LWMBP7HYLR98
        Magic Mergeco, Inc.
        55916AAB0
        
          
        
        1000000.00000000
        PA
        USD
        856250.00000000
        0.281329646439
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-05-01
          Fixed
          7.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Anne Arundel Dermatology Management LLC
        N/A
        Anne Arundel Dermatology Management LLC, Delayed Draw Term Loan A-7 - First Lien
        N/A
        
          
        
        116086.63000000
        PA
        USD
        114194.42000000
        0.037519738165
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-16
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HDT Holdco, Inc.
        N/A
        HDT Holdco, Inc., Term Loan - First Lien
        40416YAB5
        
          
        
        2924050.64000000
        PA
        USD
        2847294.31000000
        0.935507505449
        Long
        LON
        CORP
        US
        N
        3
        
          2027-07-08
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Certify, Inc.
        N/A
        Certify, Inc., Fourth Amendment Term Loan - First Lien
        N/A
        
          
        
        1000000.00000000
        PA
        USD
        1000000.00000000
        0.328560171024
        Long
        LON
        CORP
        US
        Y
        3
        
          2024-02-28
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Accelerated Health Systems LLC (Athletico Management, LLC)
        N/A
        Accelerated Health Systems LLC (Athletico Management, LLC), Term Loan B - First Lien
        04747LAM5
        
          
        
        2000000.00000000
        PA
        USD
        1991260.00000000
        0.654248726153
        Long
        LON
        CORP
        US
        N
        2
        
          2029-02-15
          Variable
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Epic School Staffing Holdco, Inc.
        N/A
        Epic School Staffing Holdco, Inc., Term Loan - First Lien
        29429HAD6
        
          
        
        3363374.54000000
        PA
        USD
        3380191.41000000
        1.110596267764
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-02-05
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Foley Products Company LLC
        N/A
        Foley Products Company LLC, Term Loan - First Lien
        34430CAB8
        
          
        
        3000000.00000000
        PA
        USD
        2985000.00000000
        0.980752110507
        Long
        LON
        CORP
        US
        N
        3
        
          2028-12-29
          Variable
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Evergreen Services Group LLC (Redwood/Cypress/Cedar)
        N/A
        Evergreen Services Group LLC (Redwood/Cypress/Cedar), Term Loan - First Lien
        N/A
        
          
        
        1916813.67000000
        PA
        USD
        1916813.67000000
        0.629788627236
        Long
        LON
        CORP
        US
        Y
        3
        
          2023-06-06
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Evergreen Services Group LLC (Redwood/Cypress/Cedar)
        N/A
        Evergreen Services Group LLC (Redwood/Cypress/Cedar), Delayed Draw II Term Loan - First Lien
        N/A
        
          
        
        500000.00000000
        PA
        USD
        500000.00000000
        0.164280085512
        Long
        LON
        CORP
        US
        Y
        3
        
          2024-06-06
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Danforth Buyer, Inc.
        N/A
        Danforth Buyer, Inc., Initial Term Loan - First Lien
        N/A
        
          
        
        1527777.78000000
        PA
        USD
        1504861.11000000
        0.494437423669
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-12-09
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Carestream Health, Inc.
        N/A
        Carestream Health, Inc., 2023 Extended Term Loan - First Lien
        14173VAN3
        
          
        
        922550.21000000
        PA
        USD
        913324.71000000
        0.300082122918
        Long
        LON
        CORP
        US
        N
        2
        
          2023-05-08
          Variable
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WeWork Cos. LLC
        N/A
        WeWork Cos. LLC
        96209BAA0
        
          
        
        200000.00000000
        PA
        USD
        168122.00000000
        0.055238193072
        Long
        DBT
        CORP
        US
        Y
        2
        
          2025-07-10
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Armor Holdco, Inc.
        549300IWRY8V2R98AJ89
        Armor Holdco, Inc.,
        04625PAA9
        
          
        
        1000000.00000000
        PA
        USD
        969805.00000000
        0.318639296660
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-11-15
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dynacast International LLC
        N/A
        Dynacast International LLC, Term Loan - First Lien
        34634FAC3
        
          
        
        290045.21000000
        PA
        USD
        292220.55000000
        0.096012033884
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-22
          Variable
          10.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Frontera Holdings LLC
        N/A
        New Frontera Holdings LLC, Term Loan - First Lien
        64440DAB1
        
          
        
        992500.00000000
        PA
        USD
        1032200.00000000
        0.339139808531
        Long
        LON
        CORP
        US
        N
        3
        
          2026-07-28
          Variable
          14.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Superhero Fire Protection LLC
        N/A
        Superhero Fire Protection LLC, Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        184347.82770000
        PA
        USD
        181582.61100000
        0.059660813725
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-09-01
          Variable
          7.24996067
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MAG DS Corp.
        N/A
        MAG DS Corp., Term Loan B - First Lien
        55282CAE6
        
          
        
        1663550.48000000
        PA
        USD
        1513830.94000000
        0.497384552548
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-04-01
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AgroFresh, Inc.
        5493008FVK5CU36SI253
        AgroFresh, Inc., Term Loan - First Lien
        00854XAD6
        
          
        
        1906480.65000000
        PA
        USD
        1909664.47000000
        0.627439684861
        Long
        LON
        CORP
        US
        N
        2
        
          2024-12-31
          Variable
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Frontera Holdings
        549300GLB8UW9UT6MD14
        New Frontera Holdings, LLC
        N/A
        
          
        
        62500.00000000
        NS
        USD
        187500.00000000
        0.061605032067
        Long
        EC
        CORP
        US
        N
        3
        
          N
          N
          N
        
      
      
        Apex Service Partners LLC
        N/A
        Apex Service Partners LLC, Delayed Draw Term Loan - First Lien
        03768JAJ3
        
          
        
        798652.22000000
        PA
        USD
        798652.22000000
        0.262405309992
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-07-31
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tricor Borrower LLC
        N/A
        Tricor Borrower LLC, Delayed Draw Term Loan
        N/A
        
          
        
        242967.73882149
        PA
        USD
        239323.22346447
        0.078632079231
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-10-22
          Variable
          6.24997427
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        19th Holdings Golf LLC
        N/A
        19th Holdings Golf LLC , Initial Term Loan - First Lien
        68250XAB7
        
          
        
        1000000.00000000
        PA
        USD
        991250.00000000
        0.325685269527
        Long
        LON
        CORP
        US
        N
        3
        
          2029-02-07
          Variable
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        USALCO LLC
        N/A
        USALCO LLC, Term Loan A - First Lien
        N/A
        
          
        
        2992500.00000000
        PA
        USD
        2962575.00000000
        0.973384148671
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-10-19
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        R-Pac International Corp.
        N/A
        R-Pac International Corp., Term Loan
        N/A
        
          
        
        5000000.00000000
        PA
        USD
        4900000.00000000
        1.609944838018
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-12-29
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Advanced Web Technologies
        N/A
        Advanced Web Technologies, Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        315327.30000000
        PA
        USD
        315327.30000000
        0.103603991616
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-12-17
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Technology Partners LLC (Imagine Software)
        N/A
        Technology Partners LLC (Imagine Software), Term Loan - First Lien
        N/A
        
          
        
        2333782.80000000
        PA
        USD
        2287107.14000000
        0.751452313068
        Long
        LON
        CORP
        US
        N
        3
        
          2027-11-16
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lighthouse Lab Services
        N/A
        Lighthouse Lab Services, Term Loan - First Lien
        N/A
        
          
        
        1961376.40000000
        PA
        USD
        1931955.75000000
        0.634763711631
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-10-25
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        McAfee Enterprise
        N/A
        McAfee Enterprise, Term Loan - Second Lien
        55910RAE3
        
          
        
        2000000.00000000
        PA
        USD
        1987500.00000000
        0.653013339910
        Long
        LON
        CORP
        US
        N
        2
        
          2029-07-27
          Variable
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Amentum Government Services Holdings LLC
        N/A
        Amentum Government Services Holdings LLC, Term Loan - Second Lien
        02351UAC8
        
          
        
        2000000.00000000
        PA
        USD
        1990000.00000000
        0.653834740338
        Long
        LON
        CORP
        US
        N
        3
        
          2030-02-15
          Variable
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alpine SG LLC
        N/A
        Alpine SG LLC, Term Loan - First Lien
        N/A
        
          
        
        4107041.24000000
        PA
        USD
        4045435.62000000
        1.329169019174
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-11-05
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MarkLogic Corp.
        N/A
        MarkLogic Corp., Term Loan - First Lien
        N/A
        
          
        
        1755416.29000000
        PA
        USD
        1755416.29000000
        0.576759876461
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-10-20
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PDF Tron Systems, Inc.
        N/A
        PDF Tron Systems, Inc., Term Loan - First Lien
        N/A
        
          
        
        1119488.62000000
        PA
        USD
        1102696.29000000
        0.362302081630
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-07-13
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Golden West Packaging Group LLC
        N/A
        Golden West Packaging Group LLC, Term Loan B - First Lien
        38133UAE3
        
          
        
        1987500.00000000
        PA
        USD
        1937812.50000000
        0.636688006412
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-12-01
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Miller's Ale House, Inc.
        N/A
        Miller's Ale House, Inc., Term Loan - First Lien
        60063GAG7
        
          
        
        3231156.32000000
        PA
        USD
        3184708.45000000
        1.046368352994
        Long
        LON
        CORP
        US
        N
        2
        
          2025-05-21
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NAC Holding Corp.
        N/A
        NAC Holding Corp., 2021 Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        996050.00000000
        PA
        USD
        996050.00000000
        0.327262358348
        Long
        LON
        CORP
        US
        Y
        3
        
          2028-01-01
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Anne Arundel Dermatology Management LLC
        N/A
        Anne Arundel Dermatology Management LLC, Delayed Draw Term Loan B-7 - First Lien
        N/A
        
          
        
        196636.54000000
        PA
        USD
        193431.36000000
        0.063553840723
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-16
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Teneo Holdings LLC
        N/A
        Teneo Holdings LLC, Term Loan B - First Lien
        88033CAH2
        
          
        
        2505694.56000000
        PA
        USD
        2488480.44000000
        0.817615558956
        Long
        LON
        CORP
        US
        N
        2
        
          2025-07-11
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KKR Apple Bidco LLC
        N/A
        KKR Apple Bidco LLC, Initial Term Loan - First Lien
        48254EAB7
        
          
        
        997500.00000000
        PA
        USD
        987445.20000000
        0.324435163788
        Long
        LON
        CORP
        US
        N
        2
        
          2028-09-22
          Variable
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Park Place Technologies LLC
        N/A
        Park Place Technologies LLC, Term Loan - First Lien
        70070KAH6
        
          
        
        3932052.57000000
        PA
        USD
        3920590.64000000
        1.288149931194
        Long
        LON
        CORP
        US
        N
        2
        
          2027-11-10
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Physician Partners LLC
        N/A
        Physician Partners LLC, Term Loan - First Lien
        71947JAB1
        
          
        
        2000000.00000000
        PA
        USD
        1980630.00000000
        0.650756131535
        Long
        LON
        CORP
        US
        N
        2
        
          2028-12-23
          Variable
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deliver Buyer, Inc.
        N/A
        Deliver Buyer, Inc., Term Loan - First Lien
        24701PAC0
        
          
        
        1989556.14000000
        PA
        USD
        1989556.14000000
        0.653688905620
        Long
        LON
        CORP
        US
        N
        2
        
          2024-05-01
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Women's Care Holdings, Inc.
        N/A
        Women's Care Holdings, Inc., Term Loan B - Second Lien
        97815UAE4
        
          
        
        2179247.00000000
        PA
        USD
        2154730.47000000
        0.707958611734
        Long
        LON
        CORP
        US
        N
        2
        
          2029-01-12
          Variable
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Superhero Fire Protection LLC
        N/A
        Superhero Fire Protection LLC, Revolver
        N/A
        
          
        
        11191.85900000
        PA
        USD
        11023.98150000
        0.003622041247
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-09-01
          Variable
          7.24935226
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Orion Services Group LLC
        N/A
        Orion Services Group LLC, Term Loan - First Lien
        N/A
        
          
        
        2197674.42000000
        PA
        USD
        2153720.93000000
        0.707626917099
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-03-19
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lighthouse Lab Services
        N/A
        Lighthouse Lab Services, Revolver
        N/A
        
          
        
        223152.02400000
        PA
        USD
        219804.74400000
        0.072219084280
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-10-25
          Variable
          5.99997311
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apex Service Partners LLC
        N/A
        Apex Service Partners LLC, Revolver - First Lien
        03768JAB0
        
          
        
        29411.76666666
        PA
        USD
        29411.76666666
        0.009663535086
        Long
        LON
        CORP
        US
        Y
        3
        
          2024-07-31
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Skillsoft Corp
        N/A
        Skillsoft Corp., Term Loan - First Lien
        83066YAB8
        
          
        
        1000000.00000000
        PA
        USD
        991500.00000000
        0.325767409570
        Long
        LON
        CORP
        US
        N
        2
        
          2028-07-14
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NWN Parent Holdings LLC
        N/A
        NWN Parent Holdings LLC, Term Loan - First Lien
        N/A
        
          
        
        984651.96000000
        PA
        USD
        930496.10000000
        0.305723957753
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-05-07
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WeWork Cos., Inc.
        549300D8U9TF7WBED521
        WeWork Cos., Inc.,Term Loan
        96208LAA9
        
          
        
        3000000.00000000
        PA
        USD
        2710410.00000000
        0.890532773145
        Long
        DBT
        CORP
        US
        Y
        2
        
          2025-05-01
          Fixed
          7.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alcanza Clinical Research
        N/A
        Alcanza Clinical Research, Term Loan - First Lien
        N/A
        
          
        
        750000.00000000
        PA
        USD
        738750.00000000
        0.242723826344
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-12-15
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PetroChoice Holdings, Inc.
        N/A
        PetroChoice Holdings, Inc., Term Loan - First Lien
        71645XAC3
        
          
        
        4997725.93000000
        PA
        USD
        4735345.32000000
        1.555845868197
        Long
        LON
        CORP
        US
        N
        2
        
          2022-08-19
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Orion Services Group LLC
        N/A
        Orion Services Group LLC, Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        448717.95000000
        PA
        USD
        439743.59000000
        0.144482229137
        Long
        LON
        CORP
        US
        N
        3
        
          2027-03-19
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Quidditch Acquisition, Inc.
        N/A
        Quidditch Acquisition, Inc., Term Loan -First Lien
        74840UAC6
        
          
        
        962487.05000000
        PA
        USD
        938424.87000000
        0.308329035780
        Long
        LON
        CORP
        US
        N
        2
        
          2025-03-21
          Variable
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ECL Entertainment LLC
        N/A
        ECL Entertainment LLC, Term Loan - First Lien
        26826TAB9
        
          
        
        1986588.00000000
        PA
        USD
        2008937.12000000
        0.660056723724
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-01
          Variable
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Airlines, Inc.
        N/A
        American Airlines, Inc.
        00253XAA9
        
          
        
        1000000.00000000
        PA
        USD
        1007500.00000000
        0.331024372306
        Long
        DBT
        CORP
        US
        Y
        2
        
          2026-04-20
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NAC Holding Corp.
        N/A
        NAC Holding Corp., Term Loan - First Lien
        N/A
        
          
        
        1918089.51000000
        PA
        USD
        1918089.51000000
        0.630207817445
        Long
        LON
        CORP
        US
        Y
        3
        
          2024-09-28
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LIFE-NWPA
        N/A
        LIFE NWPA, Initial Term Loan - First Lien
        N/A
        
          
        
        1760869.57000000
        PA
        USD
        1734456.53000000
        0.569873334130
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-12-06
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Parts Town (PT Intermediate Holdings III LLC)
        N/A
        Parts Town (PT Intermediate Holdings III LLC), Term Loan
        N/A
        
          
        
        1500000.00000000
        PA
        USD
        1494375.00000000
        0.490992105574
        Long
        LON
        CORP
        US
        Y
        3
        
          2028-11-01
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tristrux
        N/A
        Tristrux, Term Loan - First Lien
        N/A
        
          
        
        924203.47000000
        PA
        USD
        910340.42000000
        0.299101604085
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-12-15
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Global Medical Response, Inc.
        N/A
        Global Medical Response, Inc., Term Loan B - First Lien
        00169QAD1
        
          
        
        2992262.48000000
        PA
        USD
        2978902.03000000
        0.978748560441
        Long
        LON
        CORP
        US
        N
        2
        
          2025-03-14
          Variable
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Natel Engineering Company, Inc.
        N/A
        Natel Engineering Company, Inc., Term Loan - First Lien
        63229BAD0
        
          
        
        3977630.60000000
        PA
        USD
        3903050.03000000
        1.282386785372
        Long
        LON
        CORP
        US
        N
        3
        
          2026-04-30
          Variable
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bausch Health Cos., Inc.
        B3BS7ACMDUWISF18KY76
        Bausch Health Cos., Inc.
        071734AP2
        
          
        
        1000000.00000000
        PA
        USD
        1006340.00000000
        0.330643242508
        Long
        DBT
        CORP
        CA
        
        Y
        2
        
          2027-02-01
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Constellis Borrower LLC
        N/A
        New Constellis Borrower LLC, Term Loan B - First Lien
        64362KAB9
        
          
        
        2949748.36000000
        PA
        USD
        2617901.67000000
        0.860138220419
        Long
        LON
        CORP
        US
        N
        3
        
          2024-03-27
          Variable
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AP Gaming I LLC
        N/A
        AP Gaming I LLC, Term Loan - First Lien
        00185NAE6
        
          
        
        4000000.00000000
        PA
        USD
        3935000.00000000
        1.292884272980
        Long
        LON
        CORP
        US
        N
        3
        
          2029-02-15
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lighthouse Behavioral Health Solutions_term Loan
        N/A
        Lighthouse Behavioral Health Solutions, Term Loan - First Lien
        N/A
        
          
        
        1526717.56000000
        PA
        USD
        1503816.80000000
        0.494094304997
        Long
        LON
        CORP
        US
        Y
        3
        
          2028-03-28
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LaserAway Intermediate Holdings II LLC
        N/A
        LaserAway Intermediate Holdings II LLC, Term Loan
        51807KAC7
        
          
        
        2700000.00000000
        PA
        USD
        2673000.00000000
        0.878241337147
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-10-14
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BENGAL DEBT MERGER SUB LLC
        N/A
        BENGAL DEBT MERGER SUB LLC, Term Loan - First Lien
        62984CAD5
        
          
        
        2836363.64000000
        PA
        USD
        2795846.19000000
        0.918603702343
        Long
        LON
        CORP
        US
        N
        2
        
          2029-01-24
          Variable
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Highline Aftermarket Acquisition LLC
        N/A
        Highline Aftermarket Acquisition LLC, Term Loan - First Lien
        43110HAC3
        
          
        
        949772.93000000
        PA
        USD
        912969.23000000
        0.299965326348
        Long
        LON
        CORP
        US
        N
        2
        
          2027-11-09
          Variable
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cedar Services Group LLC
        N/A
        Cedar Services Group LLC, Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        297169.81199999
        PA
        USD
        294941.03399999
        0.096905876573
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-06-11
          Variable
          6.99997644
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        A&A Global Imports LLC
        N/A
        A&A Global Imports LLC, Revolver
        N/A
        
          
        
        7407.40757142
        PA
        USD
        7370.36942857
        0.002421609839
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-06-01
          Variable
          6.99905512
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hudson's Bay Co. Ulc
        N/A
        Hudson's Bay Co ULC, Term Loan - Second Lien
        N/A
        
          
        
        3000000.00000000
        PA
        USD
        2941200.00000000
        0.966361175016
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-09-30
          Variable
          8.33000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Axiom Global, Inc.
        N/A
        Axiom Global, Inc., Initial Term Loan - First Lien
        05464KAC7
        
          
        
        2984732.82000000
        PA
        USD
        2917576.33000000
        0.958599377960
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-10-01
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Evergreen Services Group LLC (Redwood/Cypress/Cedar)
        N/A
        Evergreen Services Group LLC (Redwood/Cypress/Cedar), Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        238991.37468477
        PA
        USD
        238991.37468477
        0.078523046939
        Long
        LON
        CORP
        US
        Y
        3
        
          2024-06-06
          Variable
          6.99997071
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Idera, Inc.
        N/A
        Idera, Inc., Term Loan- Second Lien
        45168RAS2
        
          
        
        2000000.00000000
        PA
        USD
        1975000.00000000
        0.648906337772
        Long
        LON
        CORP
        US
        N
        3
        
          2029-03-02
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Parts Town (PT Intermediate Holdings III LLC)
        N/A
        Parts Town (PT Intermediate Holdings III LLC), Term Loan - First Lien
        N/A
        
          
        
        2992500.00000000
        PA
        USD
        2981278.13000000
        0.979529252263
        Long
        LON
        CORP
        US
        Y
        3
        
          2028-11-01
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hydrofarm Holdings Group, Inc.
        N/A
        Hydrofarm Holdings Group, Inc., Term Loan - First Lien
        44888MAB2
        
          
        
        1218945.00000000
        PA
        USD
        1170187.20000000
        0.384476906562
        Long
        LON
        CORP
        US
        Y
        3
        
          2028-10-25
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sweetwater Borrower LLC
        N/A
        Sweetwater Borrower LLC, Term Loan - First Lien
        87168EAB0
        
          
        
        2851544.64000000
        PA
        USD
        2823029.19000000
        0.927534953472
        Long
        LON
        CORP
        US
        N
        3
        
          2028-08-07
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Anne Arundel Dermatology Management LLC
        N/A
        Anne Arundel Dermatology Management LLC, Delayed Draw Term Loan C-7 - First Lien
        N/A
        
          
        
        12743.92179500
        PA
        USD
        12536.19576887
        0.004118894625
        Long
        LON
        CORP
        US
        N
        3
        
          2025-10-16
          Variable
          5.99960800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Newcleus LLC
        N/A
        Newcleus LLC, Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        31638.41813333
        PA
        USD
        31163.84213333
        0.010239197301
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-08-02
          Variable
          6.49979456
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan U.S. Government Money Market Fund
        N/A
        JP Morgan U.S. Government Money Market Fund, Capital Shares
        N/A
        
          
        
        12459655.33000000
        NS
        USD
        12459655.33000000
        4.093746486127
        Long
        STIV
        RF
        US
        N
        1
        
          N
          N
          N
        
      
      
        Stonepeak Taurus Lower Holdings LLC
        N/A
        Stonepeak Taurus Lower Holdings LLC (TRAC), Term Loan - Second Lien
        86185BAD3
        
          
        
        5000000.00000000
        PA
        USD
        4925000.00000000
        1.618158842294
        Long
        LON
        CORP
        US
        N
        3
        
          2030-01-28
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Superhero Fire Protection LLC
        N/A
        Superhero Fire Protection LLC, Term Loan - First Lien
        N/A
        
          
        
        1144956.52000000
        PA
        USD
        1127782.17000000
        0.370544302653
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-09-01
          Variable
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Great Dane Merger Sub Inc (CommerceHub)
        549300V3JZOSIRXFRG67
        Great Dane Merger Sub Inc (CommerceHub), Term Loan B2 - Second Lien
        20084XAJ3
        
          
        
        5000000.00000000
        PA
        USD
        4643750.00000000
        1.525751294193
        Long
        LON
        CORP
        US
        N
        2
        
          2028-12-29
          Variable
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Revlon Consumer Products Corp.
        N/A
        Revlon Consumer Products Corp., Term Loan - Second Lien
        N/A
        
          
        
        2500000.00000000
        PA
        USD
        2500000.00000000
        0.821400427560
        Long
        LON
        CORP
        US
        N
        3
        
          2024-05-07
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Public Education, Inc.
        N/A
        American Public Education, Inc. Term Loan B - First Lien
        02914BAC0
        
          
        
        3000000.00000000
        PA
        USD
        2977500.00000000
        0.978287909224
        Long
        LON
        CORP
        US
        N
        3
        
          2027-03-29
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Engineered Machinery Holdings, Inc.
        5493008AR0NPSLW8EW07
        Engineered Machinery Holdings, Inc., Term Loan - Second Lien
        26658NAN9
        
          
        
        499999.99000000
        PA
        USD
        497812.49000000
        0.163561356852
        Long
        LON
        CORP
        US
        N
        2
        
          2029-05-21
          Variable
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pdftron Systems Inc._2022-1 Incremental Term Loan
        N/A
        Pdftron Systems Inc._2022-1 Incremental Term Loan
        N/A
        
          
        
        3500000.00000000
        PA
        USD
        3447500.00000000
        1.132711189605
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-07-15
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Astra Acquisition Corp.
        N/A
        Astra Acquisition Corp., Term Loan - First Lien
        04629UAH9
        
          
        
        2992500.00000000
        PA
        USD
        2912076.56000000
        0.956792372589
        Long
        LON
        CORP
        US
        N
        2
        
          2028-10-25
          Variable
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Reich & Tang Deposits Network
        N/A
        Reich & Tang Deposits Network, Term Loan - First Lien
        N/A
        
          
        
        933333.33000000
        PA
        USD
        919333.33000000
        0.302056316133
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-10-31
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Restaurant Technologies, Inc.
        N/A
        Restaurant Technologies, Inc., Term Loan B - First Lien
        N/A
        
          
        
        2000000.00000000
        PA
        USD
        1987500.00000000
        0.653013339910
        Long
        LON
        CORP
        US
        N
        2
        
          2029-03-17
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ConvenientMD
        N/A
        ConvenientMD, Initial Term Loan - First Lien
        N/A
        
          
        
        1741250.00000000
        PA
        USD
        1741250.00000000
        0.572105397795
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-06-15
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Avison Young (Canada), Inc.
        N/A
        Avison Young (Canada), Inc., Term Loan - First Lien
        C0553HAD2
        
          
        
        2971847.34000000
        PA
        USD
        2960702.91000000
        0.972769054461
        Long
        LON
        CORP
        US
        N
        2
        
          2026-01-31
          Variable
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Anne Arundel Dermatology Management, LLC
        N/A
        Anne Arundel Dermatology Management, LLC, Term Loan - First Lien
        N/A
        
          
        
        1915671.68000000
        PA
        USD
        1884446.23000000
        0.619153975614
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-10-16
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Socius Insurance Services, Inc.
        N/A
        Socius Insurance Services, Inc., Term Loan - First Lien
        N/A
        
          
        
        1221929.82000000
        PA
        USD
        1215820.17000000
        0.399470082989
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-04-15
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AIT Worldwide Logistics Holdings, Inc.
        N/A
        AIT Worldwide Logistics Holdings, Inc., Term Loan - First Lien
        00145AAB9
        
          
        
        995000.00000000
        PA
        USD
        990025.00000000
        0.325282783318
        Long
        LON
        CORP
        US
        N
        2
        
          2028-03-30
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Napa Management Services Corp.
        N/A
        Napa Management Services Corp., Term Loan - First Lien
        63035HAC3
        
          
        
        4000000.00000000
        PA
        USD
        3957500.00000000
        1.300276876828
        Long
        LON
        CORP
        US
        N
        2
        
          2029-02-23
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BENGAL DEBT MERGER SUB LLC
        N/A
        BENGAL DEBT MERGER SUB LLC, Term Loan - Second Lien
        62984CAB9
        
          
        
        4915862.92000000
        PA
        USD
        4915862.92000000
        1.615156761726
        Long
        LON
        CORP
        US
        N
        2
        
          2030-01-24
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Rocket Software, Inc.
        549300PVG26ISP5X1556
        Rocket Software, Inc.
        77314EAA6
        
          
        
        3000000.00000000
        PA
        USD
        2722500.00000000
        0.894505065613
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-02-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FloWorks International LLC
        N/A
        FloWorks International LLC, Term Loan B - First Lien
        34354KAC0
        
          
        
        3000000.00000000
        PA
        USD
        2977500.00000000
        0.978287909224
        Long
        LON
        CORP
        US
        Y
        3
        
          2028-12-27
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Own Yourself LLC
        N/A
        Own Yourself LLC, Term Loan - First Lien
        N/A
        
          
        
        2926551.72000000
        PA
        USD
        2871825.20000000
        0.943567378863
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-11-09
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Quorum Health Resources LLC
        N/A
        Quorum Health Resources LLC, Term Loan - First Lien
        74908JAB2
        
          
        
        1070561.80000000
        PA
        USD
        1062532.59000000
        0.349105889489
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-05-28
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lasership, Inc.
        N/A
        Lasership, Inc., Term Loan - Second Lien
        51809EAE5
        
          
        
        4000000.00000000
        PA
        USD
        3990000.00000000
        1.310955082386
        Long
        LON
        CORP
        US
        N
        3
        
          2029-04-30
          Variable
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TriStrux LLC
        N/A
        TriStrux LLC, Revolver
        N/A
        
          
        
        167577.16826923
        PA
        USD
        165063.50961538
        0.054233294949
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-12-15
          Variable
          6.24996270
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Doxa Insurance Holdings LLC
        N/A
        Doxa Insurance Holdings LLC,Term Loan 2021
        N/A
        
          
        
        2907536.39000000
        PA
        USD
        2907536.39000000
        0.955300653557
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-12-04
          Variable
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Olaplex, Inc.
        N/A
        Olaplex, Inc., Term Loan B - First Lien
        67936UAB7
        
          
        
        2000000.00000000
        PA
        USD
        1997500.00000000
        0.656298941620
        Long
        LON
        CORP
        US
        Y
        3
        
          2029-02-23
          Variable
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MarkLogic Corp.
        N/A
        MarkLogic Corp., Incremental Term Loan - First Lien
        N/A
        
          
        
        437773.81000000
        PA
        USD
        437773.81000000
        0.143835037883
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-10-20
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        International Textile Group Inc.
        M4ZRS7E9USM0DKM0N876
        International Textile Group Inc., Term Loan, First Lien
        46049BAB7
        
          
        
        1972789.12000000
        PA
        USD
        1826990.14000000
        0.600276192857
        Long
        LON
        CORP
        US
        N
        2
        
          2024-05-01
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alvogen Pharma US, Inc.
        549300YDWMG6VTRDT963
        Alvogen Pharma US, Inc., Term Loan - First Lien
        02254GAE3
        
          
        
        3910512.59000000
        PA
        USD
        3668549.62000000
        1.205339290557
        Long
        LON
        CORP
        US
        N
        2
        
          2023-12-31
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sequoia Consulting Group LLC
        N/A
        Sequoia Consulting Group, LLC, , Term Loan - First Lien
        N/A
        
          
        
        2360655.74000000
        PA
        USD
        2325245.90000000
        0.763983190577
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-11-23
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PDF Tron Systems, Inc.
        N/A
        PDF Tron Systems, Inc., Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        357990.88000000
        PA
        USD
        352621.02000000
        0.115857222637
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-07-13
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        A and R Logistics Holdings, Inc.
        N/A
        A and R Logistics Holdings, Inc., Tranche 7 Incremental Term Loan - First Lien
        N/A
        
          
        
        3313438.70000000
        PA
        USD
        3313438.70000000
        1.088663985950
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-05-03
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jack Ohio Finance LLC
        N/A
        Jack Ohio Finance LLC-Initial Term Loan - First Lien
        46647KAG2
        
          
        
        2992500.00000000
        PA
        USD
        2962575.00000000
        0.973384148671
        Long
        LON
        CORP
        US
        N
        3
        
          2028-10-04
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Community Based Care Acquisition, Inc.
        N/A
        Community Based Care Acquisition, Inc., Term Loan - First Lien
        N/A
        
          
        
        2262621.95000000
        PA
        USD
        2228682.62000000
        0.732256342785
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-09-15
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LifeScan Global Corp.
        549300VL0F83S4LR4105
        Lifescan Global Corp., Term Loan - First Lien
        53227PAC4
        
          
        
        4579315.31000000
        PA
        USD
        4384694.41000000
        1.440635945238
        Long
        LON
        CORP
        US
        N
        2
        
          2024-10-01
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alcanza Clinical Research Incremental Term Loan
        N/A
        Alcanza Clinical Research Incremental Term Loan
        N/A
        
          
        
        3687500.00000000
        PA
        USD
        3632187.50000000
        1.193392146191
        Long
        LON
        CORP
        US
        N
        3
        
          2027-12-15
          Variable
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Golden Nugget, Inc.
        N/A
        Golden Nugget, Inc., Term Loan - First Lien
        31556PAB3
        
          
        
        2000000.00000000
        PA
        USD
        1992630.00000000
        0.654698853587
        Long
        LON
        CORP
        US
        N
        2
        
          2029-01-27
          Variable
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Outerstuff LLC
        N/A
        Outerstuff LLC, Term Loan - First Lien
        69006VAB6
        
          
        
        105821.29000000
        PA
        USD
        86067.63000000
        0.028278395232
        Long
        LON
        CORP
        US
        N
        3
        
          2023-12-31
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Quest Software (Dell Software Group / Seahawk Holding Cayman Ltd)
        N/A
        Quest Software (Dell Software Group / Seahawk Holding Cayman Ltd), Term Loan B - First Lien
        74834YAN2
        
          
        
        5000000.00000000
        PA
        USD
        4932425.00000000
        1.620598401563
        Long
        LON
        CORP
        US
        N
        2
        
          2029-02-01
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Learfield Communications LLC
        N/A
        Learfield Communications, LLC, Term Loan - First Lien
        00165HAB9
        
          
        
        1989501.32000000
        PA
        USD
        1899446.54000000
        0.624082480033
        Long
        LON
        CORP
        US
        N
        2
        
          2023-12-01
          Variable
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Endo1 Partners
        N/A
        Endo1 Partners, Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        1305141.45891398
        PA
        USD
        1279038.62915352
        0.420241150741
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-03-24
          Variable
          5.99999540
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Automated Control Concepts, Inc.
        N/A
        Automated Control Concepts, Inc., Term Loan
        N/A
        
          
        
        1662500.00000000
        PA
        USD
        1637562.50000000
        0.538037815062
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-10-22
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Shutterfly LLC
        549300I1C8WJQ5FZE154
        Shutterfly LLC, Term Loan - First Lien
        82568QAN4
        
          
        
        990000.00000000
        PA
        USD
        912780.00000000
        0.299903152907
        Long
        LON
        CORP
        US
        N
        2
        
          2026-09-25
          Variable
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Prince International Corporation (PMHC II, Inc.)
        N/A
        Prince International Corporation (PMHC II, Inc.), Term Loan B - First Lien
        N/A
        
          
        
        3000000.00000000
        PA
        USD
        2869995.00000000
        0.942966048038
        Long
        LON
        CORP
        US
        N
        2
        
          2029-02-02
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Omni Logistics
        N/A
        Omni Logistics, Term Loan - First Lien
        68217UAH2
        
          
        
        3154530.45000000
        PA
        USD
        3130871.47000000
        1.028679665637
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-11-30
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TMA Buyer LLC
        N/A
        TMA Buyer LLC, Term Loan - First Lien
        N/A
        
          
        
        1254716.99000000
        PA
        USD
        1235896.24000000
        0.406066279982
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-09-30
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Stats Intermediate Holdings LLC
        N/A
        Stats Intermediate Holdings LLC, Term Loan - First Lien
        85772EAB2
        
          
        
        1994897.96000000
        PA
        USD
        1985422.19000000
        0.652330654301
        Long
        LON
        CORP
        US
        N
        2
        
          2026-07-10
          Variable
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Owl Landfill Services LLC
        N/A
        OWL Landfill Services LLC, Term Loan - First Lien
        N/A
        
          
        
        1404706.18000000
        PA
        USD
        1390659.12000000
        0.456915198303
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-06-30
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CC Amulet Intermediate LLC
        N/A
        CC Amulet Management LLC, Term Loan - First Lien
        N/A
        
          
        
        1709671.11000000
        PA
        USD
        1684026.04000000
        0.553303883711
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-08-31
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VeriFone Systems, Inc.
        N/A
        VeriFone Systems, Inc., Term Loan - First Lien
        92346NAB5
        
          
        
        2992268.04000000
        PA
        USD
        2954864.69000000
        0.970850847899
        Long
        LON
        CORP
        US
        N
        2
        
          2025-08-20
          Variable
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lash Opco LLC
        N/A
        Lash Opco LLC, Term Loan - First Lien
        N/A
        
          
        
        1923325.94000000
        PA
        USD
        1923325.94000000
        0.631928299781
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-03-18
          Variable
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dermatology Intermediate Holdings III, Inc.
        N/A
        Dermatology Intermediate Holdings III, Inc., Term Loan - First Lien
        24982LAB1
        
          
        
        1685039.37000000
        PA
        USD
        1668188.98000000
        0.548100456569
        Long
        LON
        CORP
        US
        N
        3
        
          2029-03-23
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Portfolio Holding Inc. (Turbo Buyer)
        N/A
        Portfolio Holding Inc. (Turbo Buyer), Term Loan - First Lien
        N/A
        
          
        
        1170454.55000000
        PA
        USD
        1170454.55000000
        0.384564747124
        Long
        LON
        CORP
        US
        N
        3
        
          2025-12-02
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alpine US Bidco LLC
        N/A
        Alpine US Bidco LLC, Term Loan - First Lien
        02106XAB2
        
          
        
        1708870.97000000
        PA
        USD
        1670421.37000000
        0.548833931009
        Long
        LON
        CORP
        US
        N
        2
        
          2028-05-03
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Automated Control Concepts, Inc.
        N/A
        Automated Control Concepts, Inc., Revolver
        N/A
        
          
        
        104166.66600000
        PA
        USD
        102604.16600000
        0.033711642328
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-10-22
          Variable
          6.49993760
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brown Group Holdings LLC (Signature Aviation)
        25490094PF4HHK9QS109
        Brown Group Holdings LLC (Signature Aviation), Term Loan B - First Lien
        11565HAB2
        
          
        
        997317.26000000
        PA
        USD
        985888.00000000
        0.323923529890
        Long
        LON
        CORP
        US
        N
        2
        
          2028-06-07
          Variable
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Oak Point Partners LLC
        N/A
        Oak Point Partners LLC, Term Loan - First Lien
        N/A
        
          
        
        2864154.41000000
        PA
        USD
        2821192.09000000
        0.926931355582
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-11-30
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PMHC II, Inc.
        549300GYZ1T3S8OPH343
        PMHC II, Inc.
        69357VAA3
        
          
        
        3000000.00000000
        PA
        USD
        2640000.00000000
        0.867398851503
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-02-15
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Minerva Merger Sub, Inc.
        N/A
        Minerva Merger Sub, Inc.
        60337JAA4
        
          
        
        1000000.00000000
        PA
        USD
        970125.00000000
        0.318744435914
        Long
        DBT
        CORP
        US
        Y
        2
        
          2030-02-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Marlin DTC - LS Midco 2 LLC
        N/A
        Marlin DTC - LS Midco 2 LLC, Term Loan 2A - First Lien
        N/A
        
          
        
        1524327.15000000
        PA
        USD
        1524327.15000000
        0.500833189100
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-07-01
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Newcleus LLC
        N/A
        Newcleus LLC,Term Loan - First Lien
        N/A
        
          
        
        1180508.48000000
        PA
        USD
        1162800.85000000
        0.382050046143
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-08-02
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Portfolio Holding, Inc. (Turbo Buyer)
        N/A
        Portfolio Holding, Inc. (Turbo Buyer), Term Loan - First Lien
        N/A
        
          
        
        1990000.00000000
        PA
        USD
        1990000.00000000
        0.653834740338
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-12-02
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alpine X
        N/A
        Alpine X, Term Loan - First Lien
        N/A
        
          
        
        950495.05000000
        PA
        USD
        931485.15000000
        0.306048920190
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-12-21
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Camin Cargo Control, Inc.
        N/A
        Camin Cargo Control, Inc., Initial Term Loan - First Lien
        13374VAE2
        
          
        
        720826.27000000
        PA
        USD
        713618.01000000
        0.234466455411
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-06-04
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PECF USS Intermediate Holding III Corp.
        N/A
        PECF USS Intermediate Holding III Corp.
        69291HAA3
        
          
        
        1000000.00000000
        PA
        USD
        965000.00000000
        0.317060565038
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-11-15
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Research Now Group, Inc.
        N/A
        Research Now Group, Inc., Term Loan - First Lien
        76100LAH5
        
          
        
        4970193.54000000
        PA
        USD
        4895118.77000000
        1.608341060254
        Long
        LON
        CORP
        US
        N
        2
        
          2024-12-20
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Airlines, Inc.
        N/A
        American Airlines, Inc.
        00253XAB7
        
          
        
        1000000.00000000
        PA
        USD
        996250.00000000
        0.327328070382
        Long
        DBT
        CORP
        US
        Y
        2
        
          2029-04-20
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        QualTek USA, LLC
        N/A
        QualTek USA LLC, Term Loan - First Lien
        74759XAB1
        
          
        
        5052798.78000000
        PA
        USD
        4901214.82000000
        1.610343979485
        Long
        LON
        CORP
        US
        Y
        2
        
          2025-07-18
          Variable
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OVG Business Services LLC
        N/A
        OVG Business Services LLC, Term Loan - First Lien
        62955EAC8
        
          
        
        4596000.00000000
        PA
        USD
        4458120.00000000
        1.464760669646
        Long
        LON
        CORP
        US
        Y
        3
        
          2028-11-20
          Variable
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ANI Pharmaceuticals, Inc.
        N/A
        Ani Pharmaceuticals, Inc., Term Loan - First Lien
        03524QAE3
        
          
        
        4987500.00000000
        PA
        USD
        4987500.00000000
        1.638693852983
        Long
        LON
        CORP
        US
        N
        2
        
          2027-05-04
          Variable
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Portfolio Holding, Inc. (Turbo Buyer)
        N/A
        Portfolio Holding, Inc. (Turbo Buyer), Term Loan - First Lien
        N/A
        
          
        
        421363.36619999
        PA
        USD
        421363.36619999
        0.138443219661
        Long
        LON
        CORP
        US
        Y
        3
        
          2025-12-02
          Variable
          6.99998338
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Integrated Pain Management Medical Group, Inc.
        N/A
        Integrated Pain Management Medical Group, Inc., Term Loan - First Lien
        N/A
        
          
        
        848925.39000000
        PA
        USD
        848925.39000000
        0.278923071325
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-06-17
          Variable
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        A&A Global Imports LLC
        N/A
        A&A Global Imports LLC, Term Loan - First Lien
        N/A
        
          
        
        1775330.96000000
        PA
        USD
        1766454.31000000
        0.580386530199
        Long
        LON
        CORP
        US
        Y
        3
        
          2026-06-01
          Variable
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Community Based Care Acquisition, Inc.
        N/A
        Community Based Care Acquisition, Inc., Delayed Draw Term Loan - First Lien
        N/A
        
          
        
        129329.26881000
        PA
        USD
        127389.33009600
        0.041855060082
        Long
        LON
        CORP
        US
        Y
        3
        
          2027-09-15
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      2022-05-02
      First Eagle Credit Opportunities Fund
      Tricia Larkin
      Tricia Larkin
      Treasurer
    
  
  XXXX

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)		Value ($)
SENIOR LOANS(a) - 117.8%

Advertising - 2.6%
Research Now Group, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 12/20/2024		4,970,194		4,895,119
WH Borrower, LLC (aka WHP Global), Term Loan B - First Lien
(SOFR 3 Month + 5.50%, 0.50% Floor), 6.00%, 2/15/2027‡		3,000,000		2,955,000
				7,850,119
Aerospace & Defense - 2.6%
Brown Group Holdings LLC (Signature Aviation), Term Loan B - First Lien
(ICE LIBOR USD 3 Month + 2.50%, 0.50% Floor), 3.00%, 6/7/2028		997,317		985,888
HDT Holdco, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.75%, 0.75% Floor), 6.50%, 7/8/2027‡		2,924,051		2,847,294
MAG DS Corp., Term Loan B - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 4/1/2027‡(b)(c)		1,663,550		1,513,831
New Constellis Borrower LLC, Term Loan B - First Lien
(ICE LIBOR USD 1 Month + 7.50%, 1.00% Floor), 8.50%, 3/27/2024‡		2,949,748		2,617,902
				7,964,915
Agricultural & Farm Machinery - 0.4%
Hydrofarm Holdings Group, Inc., Term Loan - First Lien
(ICE LIBOR USD 1 Month + 5.50%, 1.00% Floor), 6.50%, 10/25/2028‡(b)(c)		1,218,945		1,170,187

Air Freight & Logistics - 2.6%
AIT Worldwide Logistics Holdings, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 4.75%, 0.75% Floor), 5.50%, 3/30/2028(b)		995,000		990,025
Lasership, Inc., Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 7.50%, 0.75% Floor), 8.25%, 4/30/2029‡		4,000,000		3,990,000
Omni Logistics, Delayed Draw Term Loan
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 11/30/2026‡(c)		142,132		141,066
Omni Logistics, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 12/30/2026‡(c)		3,154,530		3,130,871
				8,251,962
Airport Services - 0.3%
KKR Apple Bidco, LLC, Initial Term Loan - First Lien
(ICE LIBOR USD 1 Month + 3.00%, 0.50% Floor), 3.50%, 9/22/2028		997,500		987,445

Alternative Carriers - 1.6%
Intelsat Jackson Holdings S.A., Term Loan B - First Lien
(SOFR 3 Month + 4.25%), 5.00%, 1/25/2029		1,995,000		1,965,853
Zacapa LLC (Ufinet), Term Loan - First Lien
(SOFR 3 Month + 4.25%, 0.50% Floor), 2/12/2029(f)		3,000,000		2,987,250
				4,953,103
Apparel, Accessories & Luxury Goods - 0.0%(d)
Outerstuff LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 12/31/2023‡		105,821		86,068

Application Software - 5.4%
Certify, Inc., Fourth Amendment Term Loan - First Lien
(ICE LIBOR USD 1 Month + 5.50%, 1.00% Floor), 6.50%, 2/28/2024‡(b)(c)(e)		1,000,000		1,000,000
Great Dane Merger Sub Inc (CommerceHub), Term Loan B2 - Second Lien
(ICE LIBOR USD 3 Month + 7.00%, 0.75% Floor), 7.75%, 12/2/2028		5,000,000		4,643,750
PDF Tron Systems, Inc., Delayed Draw Term Loan - First Lien
(SOFR 3 Month + 5.50%, 1.00% Floor), 6.50%, 7/13/2027‡(c)(e)		357,991		352,621

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
PDF Tron Systems, Inc., Term Loan - First Lien
(SOFR 1 Month + 6.50%, 1.00% Floor), 7.50%, 7/13/2027‡(c)(e)	1,119,489		1,102,696
PDF Tron Systems, Inc.,2022-1 Incremental Term Loan - First Lien
(SOFR 1 Month + 5.50%, 1.00% Floor), 6.50%, 7/15/2027‡(c)(e)	3,500,000		3,447,500
Quest Software (Dell Software Group / Seahawk Holding Cayman Ltd), Term Loan B - First Lien
(SOFR 1 Month + 4.25%, 0.50% Floor), 4.75%, 2/1/2029	5,000,000		4,932,425
TMA Buyer LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.75%, 1.00% Floor), 6.75%, 9/30/2027‡(b)(c)(e)	1,251,612		1,232,838
			16,711,830
Asset Management & Custody Banks - 2.7%
Doxa Insurance Holdings LLC, Term Loan 2021- First Lien
(ICE LIBOR USD 3 Month + 6.25%, 1.00% Floor), 7.25%, 12/4/2026‡(b)(c)(e)	2,907,536		2,907,536
Oak Point Partners LLC, Term Loan - First Lien
(ICE LIBOR USD 6 Month + 5.50%, 1.00% Floor), 6.50%, 11/30/2027‡(b)(c)(e)	2,864,154		2,821,192
Orion Services Group LLC, Delayed Draw Term Loan - First Lien
(SOFR 3 Month + 5.50%, 1.00% Floor), 6.50%, 3/19/2027‡(e)	448,718		439,744
Orion Services Group LLC, Term Loan - First Lien
(SOFR 3 Month + 5.50%+ 1.21% CSA, 1.00% Floor), 6.50%, 3/19/2027‡(b)(c)(e)	2,197,674		2,153,721
			8,322,193
Auto Parts & Equipment - 1.3%
Power Stop LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 4.75%, 0.50% Floor), 5.25%, 1/24/2029‡	4,000,000		3,930,000

Broadcasting - 0.6%
Learfield Communications, LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 3.25%, 1.00% Floor), 2/1/2023(f)	1,989,501		1,899,447

Casinos & Gaming - 1.7%
Golden Nugget, Inc., Term Loan - First Lien
(SOFR 3 Month + 4.00%, 0.50% Floor), 4.50%, 1/12/2029	2,000,000		1,992,630
Jack Ohio Finance LLC, Initial Term Loan - First Lien
(ICE LIBOR USD 1 Month + 4.75%, 0.75% Floor), 5.50%, 10/4/2028‡	2,992,500		2,962,575
			4,955,205
Commercial Printing - 1.0%
Astra Acquisition Corp., Term Loan - First Lien
(ICE LIBOR USD 1 Month + 5.25%, 0.50% Floor), 5.75%, 10/25/2028	2,992,500		2,912,077

Commodity Chemicals - 1.6%
A & A Global Imports LLC, Revolver
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 6/1/2026‡(c)(e)	15,468		15,390
A&A Global Imports LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 6.00%, 1.00% Floor), 7.00%, 6/1/2026‡(b)(c)(e)	1,775,331		1,766,454
USALCO LLC, Term Loan A - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 10/19/2027‡(b)(c)(e)	2,992,500		2,962,575
			4,744,419
Communications Equipment - 1.5%
SonicWall US Holdings Inc., Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 7.50%), 7.99%, 5/18/2026	4,640,000		4,562,651

Construction Materials - 1.6%
Foley Products Company LLC, Term Loan - First Lien
(SOFR 3 Month + 4.75%, 0.50% Floor), 5.25%, 2/10/2029‡	3,000,000		2,985,000
Smyrna Ready Mix Concrete LLC, Term Loan - First Lien
(SOFR 3 Month + 4.00%, 0.50% Floor), 3/24/2029‡(f)	2,000,000		1,977,500
			4,962,500

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
Construction & Engineering - 1.8%
Amentum Government Services Holdings LLC, Term Loan - First Lien
(SOFR 2 Month + 4.00%, 0.50% Floor), 4.50%, 12/7/2029	2,000,000		1,987,500
Amentum Government Services Holdings LLC, Term Loan - Second Lien
(SOFR 2 Month + 7.50%, 0.75% Floor), 8.25%, 12/7/2029‡	2,000,000		1,990,000
TriStrux LLC, Revolver
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 12/15/2026‡(c)(e)	167,577		165,064
Tristrux, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 12/15/2026‡(b)(c)(e)	921,893		908,065
			5,050,629
Consumer Finance - 1.1%
NAC Holding Corp., 2021 Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 9/30/2024‡(b)(c)(e)	996,050		996,050
NAC Holding Corp., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 9/28/2024‡(b)(c)(e)	1,918,090		1,918,090
Riveron Consulting LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.75%, 1.00% Floor), 6.75%, 5/22/2025‡(b)(c)(e)	506,628		506,628
			3,420,768
Distributors - 1.0%
Deliver Buyer, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.00%), 6.01%, 5/1/2024	1,989,556		1,989,556
Highline Aftermarket Acquisition, LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 4.50%, 0.75% Floor), 11/9/2027(f)	949,773		912,969
			2,902,525
Diversified Capital Markets - 0.3%
Reich & Tang Deposits Network, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 10/31/2027‡(b)(c)(e)	933,333		919,333

Diversified Chemicals - 0.6%
AgroFresh, Inc., Term Loan - First Lien
(ICE LIBOR USD 1 Month + 6.25%, 1.00% Floor), 7.25%, 12/31/2024(b)	1,906,481		1,909,664

Diversified Metals & Mining - 1.1%
Dynacast International LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 9.00%, 1.00% Floor), 10.00%, 10/22/2025‡(b)	289,315		291,484
Dynacast International LLC, Term Loan B - First Lien
(ICE LIBOR USD 3 Month + 4.50%, 1.00% Floor), 5.50%, 7/22/2025(b)	329,280		328,869
Prince International Corporation (PMHC II, Inc.), Term Loan B - First Lien
(SOFR 3 Month + 4.25%, 0.50% Floor), 2/2/2029(f)	3,000,000		2,869,995
			3,490,348
Education Services - 1.0%
American Public Education, Inc., Term Loan B - First Lien
(ICE LIBOR USD 1 Month + 5.50%, 0.75% Floor), 6.25%, 9/1/2027‡	2,962,025		2,939,810

Electric Utilities - 0.3%
New Frontera Holdings LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 13.00%, 1.00% Floor), 14.00%, 7/28/2026‡	992,500		1,032,200

Electronic Equipment & Instruments - 1.0%
VeriFone Systems, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 4.00%), 4.50%, 8/20/2025	2,992,268		2,954,865

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
Electronic Manufacturing Services - 1.4%
Creation Technologies, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 0.50% Floor), 6.00%, 10/5/2028‡	250,000		244,688
Natel Engineering Company, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.25%, 1.00% Floor), 7.25%, 4/30/2026‡(b)	3,977,631		3,903,050
			4,147,738
Environmental and Facilities Services - 0.5%
OWL Landfill Services LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 5.75%, 1.00% Floor), 6.75%, 6/30/2026‡(c)(e)	1,404,706		1,390,659

Health Care Facilities - 0.9%
ConvenientMD, Initial Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 6/15/2027‡(b)(c)(e)	1,741,250		1,741,250
Quorum Health Resources LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 5/28/2027‡(b)(c)(e)	1,070,562		1,062,533
			2,803,783
Health Care Services - 13.1%
Accelerated Health Systems LLC (Athletico Management, LLC), Term Loan B - First Lien
(SOFR 3 Month + 3.25%, 0.50% Floor), 2/15/2029(f)	2,000,000		1,991,260
Alcanza Clinical Research, Incremental Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 12/15/2027‡(b)(e)	3,687,500		3,632,188
Alcanza Clinical Research, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 12/15/2027‡(b)(c)(e)	750,000		738,750
Anne Arundel Dermatology Management LLC, Delayed Draw Term Loan A-7 - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 10/16/2025‡(b)(e)	116,087		114,194
Anne Arundel Dermatology Management LLC, Delayed Draw Term Loan B-7 - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 10/16/2025‡(b)(e)	196,637		193,431
Anne Arundel Dermatology Management LLC, Delayed Draw Term Loan C-7 - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 10/16/2025‡(e)	12,712		12,505
Anne Arundel Dermatology Management, LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 10/16/2025‡(b)(c)(e)	1,915,672		1,884,446
CC Amulet Management LLC, Revolver
(Prime + 5.00%, 1.00% Floor), 6.00%, 8/31/2027‡(c)(e)	25,351		24,970
CC Amulet Management LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 5.00%, 1.00% Floor), 6.00%, 8/31/2027‡(b)(c)(e)	1,709,671		1,684,026
Civitas Solutions Inc. (National Mentor Holding), Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 7.25%, 0.75% Floor), 8.00%, 3/2/2029‡	5,000,000		4,850,000
Community Based Care Acquisition, Inc., Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%), 6.51%, 9/15/2027‡(c)(e)	355,835		350,498
Community Based Care Acquisition, Inc., Revolver
(ICE LIBOR USD 3 Month + 4.50%, 1.00% Floor), 4.50%, 9/15/2027‡(c)(e)	201,220		198,201
Community Based Care Acquisition, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 9/15/2027‡(b)(c)(e)	2,256,951		2,223,097
Dermatology Intermediate Holdings III, Inc., Term Loan - First Lien
(SOFR 3 Month + 4.25%, 0.50% Floor), 3/23/2029‡(f)	1,685,039		1,668,189

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
Endo1 Partners, Delayed Draw Term Loan - First Lien
(SOFR 3 Month + 5.00%, 1.00% Floor), 6.00%, 3/24/2026‡(c)(e)	1,389,166		1,361,383
Epic School Staffing Holdco, Inc., Closing Date Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 2/5/2027‡(b)(c)(e)	3,354,919		3,371,693
Global Medical Response, Inc., Term Loan B - First Lien
(ICE LIBOR USD 3 Month + 4.25%, 1.00% Floor), 5.25%, 3/14/2025	2,992,262		2,978,902
Integrated Pain Management Medical Group, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.50%, 1.00% Floor), 7.50%, 6/17/2026‡(b)(c)(e)	848,925		848,925
LIFE NWPA, Initial Term Loan - First Lien
(ICE LIBOR USD 1 Month + 5.75%, 1.00% Floor), 6.75%, 12/6/2027‡(b)(c)(e)	1,760,870		1,734,457
Lighthouse Lab Services, Revolver
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 10/25/2027‡(c)(e)	223,152		219,805
Lighthouse Lab Services, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 6.00%, 10/25/2027‡(b)(c)(e)	1,961,376		1,931,956
Napa Management Services Corp., Term Loan - First Lien
(SOFR 3 Month + 5.25%, 0.75% Floor), 6.00%, 2/23/2029	4,000,000		3,957,500
Physician Partners LLC, Term Loan - First Lien
(SOFR 3 Month + 4.00%, 0.50% Floor), 4.50%, 12/23/2028	2,000,000		1,980,630
Women's Care Holdings, Inc., Term Loan B - Second Lien
(ICE LIBOR USD 3 Month + 8.25%, 0.75% Floor), 9.00%, 1/12/2029(b)	2,179,247		2,154,730
			40,105,736
Health Care Supplies - 1.4%
Lifescan Global Corp., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%), 6.21%, 10/1/2024(b)	4,579,315		4,384,694

Health Care Technology - 0.6%
nThrive, Inc. (fka Precyse Acquisition Corp.), Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 6.75%, 0.50% Floor), 7.25%, 12/17/2029	2,000,000		1,976,000

Heavy Electrical Equipment - 1.0%
Arcline FM Holdings LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 4.75%, 0.75% Floor), 5.50%, 6/23/2028	2,985,000		2,952,672

Home Furnishings - 0.6%
Serta Simmons Bedding LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 7.50%, 1.00% Floor), 8/10/2023(f)	1,994,924		1,888,385

Hotels, Resorts & Cruise Lines - 2.2%
Alpine X, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 12/21/2027‡(b)(c)(e)	950,495		931,485
AP Gaming I LLC, Term Loan - First Lien
(SOFR 3 Month + 4.00%, 0.75% Floor), 4.75%, 2/15/2029‡	4,000,000		3,935,000
Stats Intermediate Holdings LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%), 5.72%, 7/10/2026	1,994,898		1,985,422
			6,851,907
Household Products - 0.6%
Lash Opco LLC, Term Loan - First Lien
(Prime + 6.00), 9.25%, 3/18/2026‡(b)(c)(e)	1,923,326		1,923,326

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
Human Resource & Employment Services - 2.1%
Addison Group (AG Group Holdings Inc), Term Loan B - First Lien
(SOFR 3 Month + 4.25%, 0.50% Floor), 4.75%, 12/29/2028	4,000,000		3,987,520
Danforth Buyer, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 12/9/2027‡(c)(e)	1,527,778		1,504,861
Skillsoft Corp., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 4.75%, 0.75% Floor), 7/14/2028(f)	1,000,000		991,500
			6,483,881
Industrial Machinery - 1.4%
Engineered Machinery Holdings, Inc., Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 6.50%, 0.75% Floor), 7.25%, 5/21/2029	500,000		497,812
Restaurant Technologies, Inc., Term Loan B - First Lien
(SOFR 3 Month + 4.25%, 0.50% Floor), 3/17/2029(f)	2,000,000		1,987,500
SPX Flow, Inc., Term Loan B - First Lien
(SOFR 3 Month + 4.50%, 0.50% Floor), 3/17/2029(f)	2,000,000		1,950,830
			4,436,142
Insurance Brokers - 2.7%
Newcleus LLC, Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 8/2/2026‡(c)(e)	31,638		31,164
Newcleus LLC,Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 8/2/2026‡(b)(c)(e)	1,180,508		1,162,801
Portfolio Holding Inc. (Turbo Buyer), Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 12/2/2025‡(b)(c)(e)	1,990,000		1,990,000
Portfolio Holding Inc. (Turbo Buyer), Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 12/2/2025‡(b)(e)	1,167,528		1,167,528
Portfolio Holding, Inc. (Turbo Buyer), Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 12/2/2025‡(c)(e)	421,363		421,364
Socius Insurance Services, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 6/30/2027‡(b)(c)(e)	1,221,930		1,215,820
Tricor Borrower LLC, Delayed Draw Term Loan
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 10/22/2026‡(c)(e)	242,968		239,323
Tricor Borrower LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 5.25%, 1.00% Floor), 6.25%, 10/22/2026‡(b)(c)(e)	1,933,927		1,904,918
			8,132,918
Interactive Media & Services - 0.4%
Ingenio LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 7.00%, 1.00% Floor), 8.00%, 8/3/2026‡(b)(c)(e)	1,373,906		1,353,298

Internet & Direct Marketing Retail - 1.2%
Shutterfly LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 0.75% Floor), 5.75%, 9/25/2026	990,000		912,780
Sweetwater Borrower LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 4.75%, 0.75% Floor), 5.50%, 8/7/2028‡	2,851,545		2,823,029
			3,735,809
Internet Services & Infrastructure - 0.7%
Technology Partners, LLC (Imagine Software), Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 11/16/2027‡(b)(c)(e)	2,333,783		2,287,107

IT Consulting & Other Services - 5.5%
Alpine SG LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 5.50%, 1.00% Floor), 6.50%, 11/5/2027‡(b)(c)(e)	4,107,041		4,045,436

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
Automated Control Concepts, Inc., Revolver
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 10/22/2026‡(c)(e)	104,167		102,604
Automated Control Concepts, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 10/22/2026‡(b)(c)(e)	1,662,500		1,637,563
Eliassen Group, LLC, 2022 Delayed Draw Term Loan - First Lien
(SOFR 3 Month + 5.75%), 3/31/2028‡(c)(f)	600,000		591,000
Eliassen Group, LLC, 2022 Term Loan - First Lien
(SOFR 3 Month + 5.75%), 3/31/2028‡(c)(f)	2,400,000		2,364,000
MarkLogic Corp., Incremental Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 10/20/2025‡(b)(c)(e)	437,774		437,774
MarkLogic Corp., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 10/20/2025‡(b)(c)(e)	1,755,416		1,755,416
Marlin DTC - LS Midco 2 LLC, Term Loan 2A - First Lien
(ICE LIBOR USD 3 Month + 6.50%, 1.00% Floor), 7.50%, 7/1/2025‡(b)(c)(e)	1,524,327		1,524,327
Park Place Technologies LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 5.00%, 1.00% Floor), 6.00%, 11/10/2027(b)	3,932,053		3,920,591
Veregy Consolidated, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 11/3/2027‡(b)	493,750		483,875
			16,862,586
Life Sciences Tools & Services - 0.8%
Sequoia Consulting Group, LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.75%, 1.00% Floor), 6.75%, 11/23/2026‡(c)(e)	2,360,656		2,325,246

Managed Health Care - 0.5%
Lighthouse Behavioral Health Solutions, Term Loan - First Lien
(SOFR 3 Month + 5.75%, 1.00% Floor), 6.75%, 3/28/2028‡(b)(c)(e)	1,526,718		1,503,817

Marine Ports & Services - 0.3%
Limetree Bay Terminals LLC (Limetree Bay Financing, LLC), Incremental Term Loan - First Lien
(SOFR 3 Month + 4.00%, 1.00% Floor), 5.00%, 2/15/2024	1,110,698		939,001

Metal & Glass Containers - 0.6%
Pretium PKG Holdings, Inc., Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 6.75%, 0.50% Floor), 7.25%, 10/1/2029	1,963,091		1,912,384

Movies & Entertainment - 2.0%
Crown Finance US, Inc., Term Loan B-1 - First Lien
(ICE LIBOR USD 3 Month + 7.00%, 1.00% Floor), 8.00%, 5/23/2024(b)	4,987,406		1,363,588
WildBrain Ltd., Term Loan B - First Lien
(ICE LIBOR USD 1 Month + 4.25%, 0.75% Floor), 5.00%, 3/24/2028(b)	1,151,917		4,957,805
			6,321,393
Multi-Sector Holdings - 1.5%
Auxey Bidco Ltd, Term Loan B - First Lien
(ICE LIBOR USD 6 Month + 5.00%), 5.16%, 6/16/2025(c)	4,562,500		4,444,172

Other Diversified Financial Services - 0.9%
Evergreen Services Group LLC (Redwood/Cypress/Cedar), Delayed Draw II Term Loan - First Lien
(ICE LIBOR USD 1 Month + 6.00%, 1.00% Floor), 7.00%, 6/6/2024‡(b)(c)(e)	500,000		500,000

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
Evergreen Services Group LLC (Redwood/Cypress/Cedar), Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 6/6/2024‡(c)(e)	238,991		238,992
Evergreen Services Group LLC (Redwood/Cypress/Cedar), Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 6/6/2023‡(b)(c)(e)	1,916,814		1,916,814
			2,655,806
Packaged Foods & Meats - 3.1%
Alpine US Bidco LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 0.75% Floor), 6.00%, 5/3/2028	1,708,871		1,670,421
Bengal Debt Merger Sub LLC, Term Loan
(SOFR 3 Month + 3.25%, 0.50% Floor), 3.75%, 1/24/2029	163,636		161,299
Bengal Debt Merger Sub LLC, Term Loan - First Lien
(SOFR 3 Month + 3.25%, 0.50% Floor), 3.75%, 1/19/2029	2,836,364		2,795,846
Bengal Debt Merger Sub LLC, Term Loan - Second Lien
(SOFR 3 Month + 6.00%, 0.50% Floor), 6.50%, 1/18/2030	4,915,863		4,915,863
			9,543,429
Paper Packaging - 1.1%
Advanced Web Technologies, Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.75%, 1.00% Floor), 6.75%, 12/17/2026‡(b)(c)(e)	315,327		315,327
Advanced Web Technologies, First Amendment Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.75%, 1.00% Floor), 6.75%, 12/17/2026‡(e)	333,333		333,333
Advanced Web Technologies, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.75%, 1.00% Floor), 6.75%, 12/17/2026‡(b)(c)(e)	800,706		800,706
Golden West Packaging Group LLC, Term Loan B - First Lien
(ICE LIBOR USD 1 Month + 5.25%, 0.75% Floor), 6.00%, 12/1/2027‡(c)	1,987,500		1,937,813
			3,387,179
Paper Products - 1.6%
R-Pac International Corp., Term Loan
(ICE LIBOR USD 1 Month + 6.00%, 0.75% Floor), 6.75%, 1/15/2028‡(c)(e)	5,000,000		4,900,000

Personal Products - 3.1%
Milk Specialties Co., Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 7.50%, 0.75% Floor), 8.25%, 2/16/2026‡(b)(c)	3,000,000		3,015,000
Olaplex, Inc., Term Loan B - First Lien
(SOFR 3 Month + 3.75%, 0.50% Floor), 4.25%, 2/23/2029‡(c)	2,000,000		1,997,500
Osmosis Buyer Ltd., Delayed Draw Term Loan - First Lien
(SOFR 3 Month + 4.00%, 0.50% Floor), 7/31/2028(f)	370,370		367,015
Osmosis Buyer Ltd., Term Loan B - First Lien
(SOFR 3 Month + 4.00%, 0.50% Floor), 7/31/2028(f)	1,629,630		1,614,865
Revlon Consumer Products Corp., Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 5.75%, 1.75% Floor), 7.50%, 5/7/2024‡(e)	2,500,000		2,500,000
			9,494,380
Pharmaceuticals - 4.1%
Alvogen Pharma US, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 12/31/2023	3,910,513		3,668,550
Ani Pharmaceuticals, Inc., Term Loan - First Lien
(ICE LIBOR USD 1 Month + 6.00%, 0.75% Floor), 5/4/2027(f)	4,987,500		4,987,500
Bausch Health Companies, Inc., Term Loan B - First Lien
(SOFR 3 Month + 5.25%, 0.50% Floor), 1/27/2027(f)	3,000,000		2,975,865

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
Carestream Health, Inc., 2023 Extended Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.75%, 1.00% Floor), 7.75%, 5/8/2023(b)	922,550		913,325
			12,545,240
Real Estate Services - 2.0%
Avison Young (Canada), Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.75%), 5.97%, 1/31/2026	2,971,847		2,960,703
Hudson's Bay Co ULC, Term Loan - Second Lien
(ICE LIBOR USD 1 Month + 7.33%, 1.00% Floor), 8.33%, 9/30/2026‡(b)(c)(e)	3,000,000		2,941,200
			5,901,903
Research & Consulting Services - 4.7%
Axiom Global, Inc., Initial Term Loan - First Lien
(ICE LIBOR USD 3 Month + 4.75%, 0.75% Floor), 5.50%, 10/1/2026‡(c)	2,984,733		2,917,576
Camin Cargo Control, Inc., Initial Term Loan - First Lien
(ICE LIBOR USD 1 Month + 6.50%, 1.00% Floor), 7.50%, 6/4/2026‡ lien (c)(e)	720,826		713,618
Cedar Services Group LLC, Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 6/11/2027‡(c)(e)	297,170		294,941
Cedar Services Group LLC, Incremental Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 6/11/2027‡(b)(e)	2,000,000		1,985,000
Cedar Services Group LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 6/11/2027‡(b)(c)(e)	677,529		672,448
Own Yourself LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 6.50%, 1.00% Floor), 7.50%, 11/9/2025‡(b)(c)(e)	2,926,552		2,871,825
Teneo Holdings LLC, Term Loan B - First Lien
(SOFR 1 Month + 5.25%, 1.00% Floor), 6.25%, 7/11/2025(b)	2,505,695		2,488,480
Vaco Holdings LLC, Term Loan - First Lien
(SOFR 3 Month + 5.00%, 0.75% Floor), 5.75%, 1/21/2029	1,995,000		1,986,272
Zenith American Holding, Inc., Term Loan-First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 12/13/2024‡(b)(c)(e)	911,562		911,562
			14,841,722
Restaurants - 1.3%
Miller's Ale House, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 4.75%), 5.20%, 5/21/2025	3,231,156		3,184,708
Quidditch Acquisition, Inc., Term Loan -First Lien
(ICE LIBOR USD 3 Month + 7.00%, 1.00% Floor), 3/21/2025(f)	962,487		938,425
			4,123,133
Security & Alarm Services - 0.5%
Superhero Fire Protection LLC, Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.25%, 1.00% Floor), 7.25%, 9/1/2026‡(c)(e)	184,348		181,583
Superhero Fire Protection LLC, Revolver
(ICE LIBOR USD 3 Month + 6.25%, 1.00% Floor), 7.25%, 9/1/2026‡(c)(e)	11,192		11,024
Superhero Fire Protection LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.25%, 1.00% Floor), 7.25%, 9/1/2026‡(b)(c)(e)	1,144,957		1,127,782
			1,320,389
Specialized Consumer Services - 2.4%
LaserAway Intermediate Holdings II LLC, Term Loan
(ICE LIBOR USD 3 Month + 5.75%, 0.75% Floor), 6.50%, 10/14/2027‡(c)	2,700,000		2,673,000

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
OVG Business Services LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.25%, 1.00% Floor), 7.25%, 11/20/2028‡(b)(c)	4,596,000		4,458,120
			7,131,120
Specialized Finance - 2.7%
ECL Entertainment, LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 7.50%, 0.75% Floor), 8.25%, 5/1/2028(b)	1,986,588		2,008,937
iLending LLC, Term Loan - First Lien
(ICE LIBOR USD 1 Month + 6.00%, 1.00% Floor), 7.00%, 6/21/2026‡(b)(c)(e)	1,176,923		1,176,923
QualTek USA, LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.25%, 1.00% Floor), 7/18/2025(c)(f)	5,052,799		4,901,215
			8,087,075
Specialty Stores - 0.6%
19th Holdings Golf LLC , Initial Term Loan - First Lien
(SOFR 3 Month + 3.25%, 0.50% Floor), 3.75%, 2/7/2029‡	1,000,000		991,250
Travelcenters of America, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.00%, 1.00% Floor), 7.00%, 12/14/2027(b)(c)	990,000		1,004,850
			1,996,100
Systems Software - 3.7%
Condor Merger Sub, Inc (McAfee), Tern Loan B - First Lien
(SOFR 3 Month + 4.00%, 0.50% Floor), 2/2/2029(f)	3,000,000		2,983,125
Idera, Inc., Term Loan- Second Lien
(ICE LIBOR USD 3 Month + 6.75%, 0.75% Floor), 7.50%, 3/2/2029‡	2,000,000		1,975,000
McAfee Enterprise, Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 8.25%, 0.75% Floor), 9.00%, 7/27/2029(b)	2,000,000		1,987,500
RSA Security LLC (Redstone), Term Loan - Second Lien
(ICE LIBOR USD 3 Month + 7.75%, 0.75% Floor), 8.50%, 4/27/2029	5,000,000		4,603,125
			11,548,750
Textiles - 0.6%
International Textile Group Inc., Term Loan, First Lien
(ICE LIBOR USD 3 Month + 5.00%), 5.97%, 5/1/2024	1,972,789		1,826,990

Trading Companies & Distributors - 4.5%
Apex Service Partners LLC, Delayed Draw Term Loan - First Lien
(ICE LIBOR USD 6 Month + 5.25%, 1.00% Floor), 6.25%, 7/31/2025‡(b)(c)(e)	798,652		798,652
Apex Service Partners LLC, Revolver - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 7/31/2024‡(c)(e)	11,369		11,369
Apex Service Partners LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.25%, 1.00% Floor), 6.25%, 7/31/2025‡(b)(c)(e)	532,000		532,000
FloWorks International LLC, Term Loan B - First Lien
(SOFR 3 Month + 5.75%, 0.50% Floor), 6.25%, 12/27/2028‡(c)	3,000,000		2,977,500
Parts Town (PT Intermediate Holdings III LLC), Term Loan
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 11/1/2028‡(c)(f)	1,500,000		1,494,375
Parts Town (PT Intermediate Holdings III LLC), Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.50%, 1.00% Floor), 6.50%, 10/15/2025‡(c)	2,992,500		2,981,278
PetroChoice Holdings, Inc., Term Loan - First Lien
(ICE LIBOR USD 3 Month + 5.00%, 1.00% Floor), 8/19/2022(f)	4,984,905		4,723,197
			13,530,249

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Investments	Principal Amount ($)	Value ($)
Trucking - 2.9%
A and R Logistics Holdings, Inc., Tranche 7 Incremental Term Loan - First Lien
(SOFR 3 Month + 6.00%, 1.00% Floor), 7.00%, 5/3/2025‡(c)(e)	3,313,439		3,313,439
A and R Logistics Holdings, Inc., Tranche 9 Incremental Term Loan - First Lien
(SOFR 3 Month + 6.50%, 1.00% Floor), 7.50%, 5/3/2025‡(c)(e)	626,924		626,924
Stonepeak Taurus Lower Holdings LLC (TRAC), Term Loan - Second Lien
(SOFR 3 Month + 7.00%, 0.50% Floor), 7.50%, 1/28/2030‡	5,000,000		4,925,000
			8,865,363
Wireless Telecommunication Services - 0.3%
NWN Parent Holdings LLC, Term Loan - First Lien
(ICE LIBOR USD 3 Month + 6.50%, 1.00% Floor), 7.50%, 5/7/2026‡(b)(c)(e)	984,652		930,496

TOTAL SENIOR LOANS (COST $362,451,185)			360,664,363

CORPORATE BONDS - 6.7%

Airlines - 0.6%
American Airlines, Inc.
5.50%, 4/20/2026(g)	1,000,000		1,007,500
5.75%, 4/20/2029(g)	1,000,000		996,250
			2,003,750
Chemicals - 0.9%
PMHC II, Inc.
9.00%, 2/15/2030(g)	3,000,000		2,640,000

Diversified Consumer Services - 0.3%
WW International, Inc.
4.50%, 4/15/2029(g)	1,000,000		809,730

Diversified Financial Services - 0.3%
Armor Holdco, Inc.
8.50%, 11/15/2029(g)	1,000,000		969,805

Entertainment - 1.0%
Allen Media LLC
10.50%, 2/15/2028(g)	3,000,000		2,955,840

Pharmaceuticals - 0.3%
Bausch Health Cos., Inc.
6.13%, 2/1/2027(g)	1,000,000		1,006,340

Real Estate Management & Development - 0.9%
WeWork Cos. LLC
5.00%, 7/10/2025(g)	200,000		168,122
WeWork Cos., Inc.
7.88%, 5/1/2025(g)	3,000,000		2,710,410
			2,878,532
Road & Rail - 0.3%
PECF USS Intermediate Holding III Corp.
8.00%, 11/15/2029(g)	1,000,000		965,000

Software - 1.8%
Condor Merger Sub, Inc.
7.38%, 2/15/2030(g)	2,000,000		1,918,480
Minerva Merger Sub, Inc.
6.50%, 2/15/2030(g)	1,000,000		970,125
Rocket Software, Inc.
6.50%, 2/15/2029(g)	3,000,000		2,722,500
			5,611,105
Specialty Retail - 0.3%
Michaels Cos., Inc.
7.88%, 5/1/2029(g)	1,000,000		856,250

TOTAL CORPORATE BONDS (Cost $22,041,588)			20,696,352


Investments	Shares	Value ($)
COMMON STOCKS - 0.1%

Electric Utilities - 0.1%
New Frontera Holdings, LLC*‡
(Cost $–)	62,500		187,500

SHORT-TERM INVESTMENTS - 4.1%

INVESTMENT COMPANIES - 4.1%
JP Morgan U.S. Government Money Market Fund, Capital Shares, 0.25%, (h)
(Cost $12,459,655)	12,459,655		12,459,655

Total Investments - 128.7% (Cost $396,952,428)			394,007,870
Liabilities in excess of other assets - (28.7%)			(87,816,697	)
Net Assets - 100.0%			306,191,173

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Senior loans pay interest at rates that are periodically determined on the basis of a floating benchmark lending rate, sometimes subject to a floor, plus a spread, unless otherwise indicated. The most popular benchmark lending rates are LIBOR (the rate that contributor banks in London charge each other for interbank deposits), SOFR (a broad measure of the cost of borrowing cash overnight collateralized by U.S. Treasury securities in the repurchase agreement market), and the prime rate offered by one or more major U.S. banks (“Prime”). LIBOR, SOFR and Prime were utilized as benchmark lending rates for the senior loans at March 31, 2022. The rates shown represent the contractual rates (benchmark rate or floor plus spread) in effect at period end.
(b)	The Credit Facility is secured by a lien on all or a portion of the security.
(c)	Represents a security that is subject to legal or contractual restrictions on resale. The Fund generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended, or the Securities Act. Its investments are therefore generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
(d)	Represents less than 0.05% of net assets.
(e)	Security fair valued as of March 31, 2022 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at March 31, 2022 amounted to $110,066,801, which represents approximately 35.95% of net assets of the Fund.
(f)	All or a portion of this position has not yet settled as of March 31, 2022. The Fund will not accrue interest on its Senior Loans until the settlement date at which point LIBOR, SOFR or Prime will be established.
(g)	Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at March 31, 2022 amounted to $20,696,352, which represents approximately 6.76% of net assets of the Fund.
(h)	Represents 7-day effective yield as of March 31, 2022.

Abbreviations
CSA	Credit Spread Adjustment
ICE	Intercontinental Exchange
LIBOR	London Interbank Offered Rate
SOFR	Secured Overnight Financing Rate
USD	United States Dollar

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund
Consolidated Schedule of Investments
March 31, 2022 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Advertising		2.6	%
Aerospace & Defense		2.6
Agricultural & Farm Machinery		0.4
Air Freight & Logistics		2.6
Airlines		0.6
Airport Services		0.3
Alternative Carriers		1.6
Apparel, Accessories & Luxury Goods		0.0	*
Application Software		5.4
Asset Management & Custody Banks		2.7
Auto Parts & Equipment		1.3
Broadcasting		0.6
Casinos & Gaming		1.7
Chemicals		0.9
Commercial Printing		1.0
Commodity Chemicals		1.6
Communications Equipment		1.5
Construction Materials		1.6
Construction & Engineering		1.8
Consumer Finance		1.1
Distributors		1.0
Diversified Capital Markets		0.3
Diversified Chemicals		0.6
Diversified Consumer Services		0.3
Diversified Financial Services		0.3
Diversified Metals & Mining		1.1
Education Services		1.0
Electric Utilities		0.4
Electronic Equipment & Instruments		1.0
Electronic Manufacturing Services		1.4
Entertainment		1.0
Environmental and Facilities Services		0.5
Health Care Facilities		0.9
Health Care Services		13.1
Health Care Supplies		1.4
Health Care Technology		0.6
Heavy Electrical Equipment		1.0
Home Furnishings		0.6
Hotels, Resorts & Cruise Lines		2.2
Household Products		0.6
Human Resource & Employment Services		2.1
Industrial Machinery		1.4
Insurance Brokers		2.7
Interactive Media & Services		0.4
Internet & Direct Marketing Retail		1.2
Internet Services & Infrastructure		0.7
IT Consulting & Other Services		5.5
Life Sciences Tools & Services		0.8
Managed Health Care		0.5
Marine Ports & Services		0.3
Metal & Glass Containers		0.6
Movies & Entertainment		2.0
Multi-Sector Holdings		1.5
Other Diversified Financial Services		0.9
Packaged Foods & Meats		3.1
Paper Packaging		1.1
Paper Products		1.6
Personal Products		3.1
Pharmaceuticals		4.4
Real Estate Management & Development		0.9
Real Estate Services		2.0
Research & Consulting Services		4.7
Restaurants		1.3
Road & Rail		0.3
Security & Alarm Services		0.5
Software		1.8
Specialized Consumer Services		2.4
Specialized Finance		2.7
Specialty Retail		0.3
Specialty Stores		0.6
Systems Software		3.7
Textiles		0.6
Trading Companies & Distributors		4.5
Trucking		2.9
Wireless Telecommunication Services		0.3
Short-Term Investments		4.1
Total Investments		128.7	%

*	less than 0.05%

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Credit Opportunities Fund

Notes to Consolidated Schedule of Investments (unaudited)

Note 1 – Organization

First Eagle Credit Opportunities Fund (the “Fund”) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”) that continuously offers its shares of beneficial interest (the “Common Shares”), and is operated as an “interval fund.” The Fund was organized as a Delaware statutory trust on July 8, 2020, pursuant to a Declaration of Trust governed by the laws of the State of Delaware as amended and restated by the Amended and Restated Declaration of Trust, dated as of September 4, 2020.

The Fund’s primary investment objective is to provide current income, with a secondary objective of providing long-term risk-adjusted returns. The Fund seeks to achieve its investment objective by investing in a portfolio of a variety of credit asset classes. The Fund will invest, under normal market conditions, at least 80% of its Managed Assets, defined as total assets of the Fund (including any assets attributable to borrowings for investment purposes) minus the sum of the Fund’s accrued liabilities (other than liabilities representing borrowings for investment purposes), in a credit portfolio of below investment grade credit assets including syndicated bank loans, middle market “club” loans (senior secured loans in middle market companies funded by an arranged group of lenders that generally does not involve syndication), direct lending (consisting of first lien loans, including unitranche loans), asset-based loans, and high-yield bonds (commonly referred to as “junk” bonds).

The Fund currently offers two classes of Common Shares: Class A Shares and Class I Shares. The Fund has been granted exemptive relief (the "Exemptive Relief") from the Securities and Exchange Commission (the "SEC") that permits the Fund to issue multiple classes of shares and to impose asset-based distribution fees and early-withdrawal fees. The Fund may offer additional classes of shares in the future.

First Eagle Investment Management, LLC (“FEIM” or the “Adviser “) is the investment adviser of the Fund. The Adviser is a subsidiary of First Eagle Holdings, Inc. (“First Eagle Holdings”). A controlling interest in First Eagle Holdings is owned by BCP CC Holdings L.P., a Delaware limited partnership (“BCP CC Holdings”). BCP CC Holdings GP L.L.C., a Delaware limited liability company, is the general partner of BCP CC Holdings and has two managing members, Blackstone Capital Partners VI L.P. (“BCP VI”) and Corsair IV Financial Services Capital Partners L.P. (“Corsair IV”). BCP VI and Corsair IV are indirectly controlled by Blackstone Inc. (“Blackstone”) and Corsair Capital LLC (“Corsair”), respectively. Investment vehicles indirectly controlled by Blackstone and Corsair and certain co-investors own a majority economic interest in First Eagle Holdings and the Adviser through BCP CC Holdings.

First Eagle Alternative Credit, LLC (“FEAC” or the “Subadviser”), in its capacity as the alternative credit group of FEIM, serves as the Fund’s investment subadviser. The Subadviser is an investment adviser for both direct lending and broadly syndicated investments, through public and private vehicles, collateralized loan obligations, separately managed accounts and commingled funds. The Subadviser was formed in 2009 under the name THL Credit Advisors LLC. In January 2020, the Subadviser was acquired by FEIM and is a wholly-owned subsidiary of the Adviser.

Note 2 - Significant Accounting Policies

The following is a summary of significant accounting policies that are adhered to by the Fund. The Fund is an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards (the “FASB”) Codification Topic 946 — Investment Companies, which is part of U.S. generally accepted accounting principles (“GAAP”).

Investments in Subsidiaries - The First Eagle Credit Opportunities Fund SPV, LLC (the “SPV”), established on January 11, 2021, is a wholly-owned Delaware limited liability company, which functions as the Fund’s special purpose, bankruptcy-remote, financing subsidiary. The consolidated financial statements include the accounts of the Fund and the SPV. All intercompany transactions and balances have been eliminated. As of March 31, 2022, the SPV has $70,327,880 in net assets, representing 22.97% of the Fund’s net assets.

Investment Valuation - The Fund’s net asset value (“NAV”) per share is computed by dividing the total current value of the assets of the Fund, less its liabilities, by the total number of shares outstanding at the time of such computation. The Fund computes its NAV per share as of the close of trading on each day the New York Stock Exchange (“NYSE”) is open for trading.

Portfolio securities and other assets for which market quotes are readily available are valued at market value. In circumstances where market quotes are not readily available, the Fund’s Board of Trustees (the “Board”) has adopted methods for determining the fair value of such securities and other assets.

The Fund’s securities are valued by various methods, as described below:

Senior Loans refers to Loans and Assignments, Bank Loans, Direct Lending and Middle Market “Club” Loans. Senior Loans are primarily valued by using a composite loan price at the mean of the bid and ask prices from an approved pricing service. Investments, including Direct Loans, which are in their early stages of a private investment are generally fair valued at their cost which approximates market value and are monitored by FEIM and FEAC (individually or collectively referred to as “First Eagle Management”) for any significant positive or negative events that would impact valuation of the investment.

All bonds, whether listed on an exchange or traded in the over-the-counter market for which market quotations are readily available are generally priced at the evaluated bid price provided by an approved pricing service as of the close of trading on the NYSE (normally 4:00 PM EST), or dealers in the over-the-counter markets in the United States or abroad. Pricing services and broker-dealers use multiple valuation techniques to determine value. In instances where sufficient market activity exists, dealers or pricing services utilize a market-based approach through which quotes from market makers are used to determine fair value. In instances where sufficient market activity may not exist or is limited, the dealers or pricing services also utilize proprietary valuation models which may consider market transactions in comparable instruments and the various relationships between instruments in determining value and/or market characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, and other unique features of the instrument in order to estimate the relevant cash flows, which are then discounted to calculate the fair values. First Eagle Management's Oversight Committee, at least annually, will review the pricing service’s inputs, methods, models, assumptions for its evaluated prices.

Non-exchange traded equity securities may be valued at prices supplied by the Fund’s pricing agent based on the average of the bid/ask prices quoted by brokers that are knowledgeable about the securities. If broker quotes are unavailable then the equity will be fair valued pursuant to procedures adopted by the Board.

Investment companies, including money market funds, are valued at their net asset value.

If a price is not available from an independent pricing service or broker, or if the price provided is believed to be unreliable, the security will be fair valued pursuant to procedures adopted by the Board. As a general principle, the fair value of a security is the amount that the owner might reasonably expect to receive for it in a current sale. Fair value methods may include, but are not limited to, the use of market comparable and/or income approach methodologies. Using a fair value pricing methodology to value securities may result in a value that is different from a security’s most recent sale price and from the prices used by other investment companies to calculate their NAV. Determination of fair value is uncertain because it involves subjective judgments and estimates. There can be no assurance that the Fund’s valuation of a security will not differ from the amount that it realizes upon the sale of such security.

The Fund adopted provisions surrounding fair value measurements and disclosures that define fair value, establish a framework for measuring fair value in GAAP and expand disclosures about fair value measurements. This applies to fair value measurements that are already required or permitted by other accounting standards and is intended to increase consistency of those measurements and applies broadly to securities and other types of assets and liabilities.

The Fund discloses the fair value of the investments in a hierarchy that prioritizes the inputs or assumptions to valuation techniques used to measure fair value. These inputs are used in determining the value of the Fund’s investments and are summarized in the following fair value hierarchy:

Level 1 — Quoted prices in active markets for identical securities;

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

Level 3 — Other significant unobservable inputs (including the Fund’s own assumption in determining the fair value of investments).

The two primary significant unobservable inputs used in the fair value measurement of the Fund’s debt investments is the weighted average cost of capital, or WACC, and the comparative yield. Significant increases (decreases) in the WACC or in the comparative yield in isolation would result in a significantly lower (higher) fair value measurement. In determining the WACC, for the income, or yield approach, the Fund considers current market yields and multiples, portfolio company performance, leverage levels, credit quality, among other factors, including U.S. federal tax rates, in its analysis. Changes in one or more of these factors can have a similar directional change on other factors in determining the appropriate WACC to use in the income approach. In determining the comparative yield, for the income, or yield approach, the Fund considers current market yields and multiples, weighted average cost of capital, portfolio company performance, leverage levels, credit quality, among other factors, including U.S. federal tax rates, in its analysis.

The primary significant unobservable input used in the fair value measurement of the Fund’s equity investments, investments in warrants, and other debt investments using a market approach is the EBITDA multiple adjusted by management for differences between the investment and referenced comparables, or the multiple. Significant increases (decreases) in the multiple in isolation would result in a significantly higher (lower) fair value measurement. To determine the multiple for the market approach, the Fund considers current market trading and/or transaction multiples, portfolio company performance (financial ratios) relative to public and private peer companies and leverage levels, among other factors. Changes in one or more of these factors can have a similar directional change on other factors in determining the appropriate multiple to use in the market approach.

Fair valuation of securities, other financial instruments or other assets (collectively, “securities”) held by the Fund shall be determined in good faith under the supervision and responsibility of the Board. The Board has created a Credit Valuation and Allocation Committee to oversee the execution of the valuation and allocation procedures for the Fund.

The categorization of a value determined for investments is based on the pricing transparency of the investment and does not necessarily correspond to the Fund’s perceived risk of investing in those securities.

The following table summarizes the valuation of the Fund’s investments under the fair value hierarchy levels as of March 31, 2022:

First Eagle Credit Opportunities Fund

Description†	Level 1		Level 2		Level 3		Total
Assets
Common Stocks	$	–	$	–	$	187,500	$	187,500
Corporate Bonds		–		20,696,352		–		20,696,352
Senior Loans
Advertising		–		4,895,119		2,955,000		7,850,119
Aerospace & Defense		–		985,888		6,979,027		7,964,915
Agricultural & Farm Machinery		–		–		1,170,187		1,170,187
Air Freight & Logistics		–		990,025		7,261,937		8,251,962
Airport Services		–		987,445		–		987,445
Alternative Carriers		–		4,953,103		–		4,953,103
Apparel, Accessories & Luxury Goods		–		–		86,068		86,068
Application Software		–		9,576,175		7,135,655		16,711,830
Asset Management & Custody Banks		–		–		8,322,193		8,322,193
Auto Parts & Equipment		–		–		3,930,000		3,930,000
Broadcasting		–		1,899,447		–		1,899,447
Casinos & Gaming		–		1,992,630		2,962,575		4,955,205
Commercial Printing		–		2,912,077		–		2,912,077
Commodity Chemicals		–		–		4,744,419		4,744,419
Communications Equipment		–		4,562,651		–		4,562,651
Construction Materials		–		–		4,962,500		4,962,500
Construction & Engineering		–		1,987,500		3,063,129		5,050,629
Consumer Finance		–		–		3,420,768		3,420,768
Distributors		–		2,902,525		–		2,902,525
Diversified Capital Markets		–		–		919,333		919,333
Diversified Chemicals		–		1,909,664		–		1,909,664
Diversified Metals & Mining		–		3,198,864		291,484		3,490,348
Education Services		–		–		2,939,810		2,939,810
Electric Utilities		–		–		1,032,200		1,032,200
Electronic Equipment & Instruments		–		2,954,865		–		2,954,865
Electronic Manufacturing Services		–		–		4,147,738		4,147,738
Environmental and Facilities Services		–		–		1,390,659		1,390,659
Health Care Facilities		–		–		2,803,783		2,803,783
Health Care Services		–		13,063,022		27,042,714		40,105,736
Health Care Supplies		–		4,384,694		–		4,384,694
Health Care Technology		–		1,976,000		–		1,976,000
Heavy Electrical Equipment		–		2,952,672		–		2,952,672
Home Furnishings		–		1,888,385		–		1,888,385
Hotels, Resorts & Cruise Lines		–		1,985,422		4,866,485		6,851,907
Household Products		–		–		1,923,326		1,923,326
Human Resource & Employment Services		–		4,979,020		1,504,861		6,483,881
Industrial Machinery		–		4,436,142		–		4,436,142
Insurance Brokers		–		–		8,132,918		8,132,918
Interactive Media & Services		–		–		1,353,298		1,353,298
Internet & Direct Marketing Retail		–		912,780		2,823,029		3,735,809
Internet Services & Infrastructure		–		–		2,287,107		2,287,107
IT Consulting & Other Services		–		3,920,591		12,941,995		16,862,586
Life Sciences Tools & Services		–		–		2,325,246		2,325,246
Managed Health Care		–		–		1,503,817		1,503,817
Marine Ports & Services		–		939,001		–		939,001
Metal & Glass Containers		–		1,912,384		–		1,912,384
Movies & Entertainment		–		6,321,393		–		6,321,393
Multi-Sector Holdings		–		4,444,172		–		4,444,172
Other Diversified Financial Services		–		–		2,655,806		2,655,806
Packaged Foods & Meats		–		9,543,429		–		9,543,429
Paper Packaging		–		–		3,387,179		3,387,179
Paper Products		–		–		4,900,000		4,900,000
Personal Products		–		1,981,880		7,512,500		9,494,380
Pharmaceuticals		–		12,545,240		–		12,545,240
Real Estate Services		–		2,960,703		2,941,200		5,901,903
Research & Consulting Services		–		4,474,752		10,366,970		14,841,722
Restaurants		–		4,123,133		–		4,123,133
Security & Alarm Services		–		–		1,320,389		1,320,389
Specialized Consumer Services		–		–		7,131,120		7,131,120
Specialized Finance		–		6,910,152		1,176,923		8,087,075
Specialty Stores		–		1,004,850		991,250		1,996,100
Systems Software		–		9,573,750		1,975,000		11,548,750
Textiles		–		1,826,990		–		1,826,990
Trading Companies & Distributors		–		4,723,197		8,795,174		13,518,371
Trucking		–		–		8,865,363		8,865,363
Wireless Telecommunication Services		–		–		930,496		930,496
Total Senior Loans		–		160,491,732		200,172,631		360,664,363
Short-Term Investments
Investment Companies		12,459,655		–		–		12,459,655
Unfunded Commitments*				–		8,898		8,898
Total Assets	$	12,459,655	$	181,188,084	$	200,369,029	$	394,016,768

† See Consolidated Schedule of Investments for additional detailed categorizations.

*     Unfunded commitments are presented at net unrealized appreciation(depreciation)

The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

	Common Stocks		Senior Loans			Unfunded Commitments*			Total
Beginning Balance —market value	$	46,875	$	156,484,930		$	(23,290	)	$	156,508,515
Purchases⁽¹⁾		—		60,622,003			—			60,622,003
Sales⁽²⁾		—		(1,351,614	)		—			(1,351,614	)
Transfer In — Level 3		—		—			—			—
Transfer Out — Level 3		—		(14,884,402	)		—			(14,884,402	)
Accrued discounts/ (premiums)		—		118,052			—			118,052
Realized Gains (Losses)		—		16,034			—			16,034
Change in Unrealized Appreciation (Depreciation)		140,625		(832,372	)		32,188			(659,559	)
Ending Balance — market value	$	187,500	$	200,172,631		$	8,898		$	200,369,029
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	140,625	$	(820,597	)	$	8,898		$	(670,800	)

(1)

Purchases include all purchases of securities and securities received in corporate actions.

(2)

Sales include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

Unfunded commitments are presented at net unrealized appreciation (depreciation)

Investments were transferred into Level 3 during the period ended March 31, 2022 due to changes in the quantity and quality of information, specifically the number of vendor quotes available to support the valuation of each investment and the increased incidence of stale prices, as assessed by the Adviser. Investments were transferred out of Level 3 during the period ended March 31, 2022 due to improvements in the quantity and quality of information, specifically the number of vendor quotes available to support the valuation of each investment and the reduced incidence of stale prices, as assessed by the Adviser.

The following is a summary of the Fund's valuation techniques and significant amounts of unobservable inputs used in the Fund’s Level 3 securities as of March 31, 2022:

Investment Type_Reporting

Fair Value at March 31,
2022*

Valuation Technique(s)

Unobservable Input

Range (Weighted Average)

Direction Change in
Fair Value Resulting
from Increase in
Unobservable Inputs (a)

Common Stocks

187,500

Third-Party Vendor Pricing Service

Broker Quotes

N/A

Increase

Senior Loans

102,092,572

Discounted Cash Flow (Income Approach)

Comparable Yield

6.62 - 10.38 (8.03)

Decrease

8,313,025

Liquidation Approach

Collateral Value *

49.7 - 2,367.6 (952.9)*

Increase

2,955,000

Purchase Price

N/A

98.5-98.5 (98.5)

Increase

86,812,033

Third-Party Vendor Pricing Service

Broker Quotes

N/A

Increase

200,172,631

Unfunded Commitments **

5,260

Discounted Cash Flow (Income Approach)

Comparable Yield

6.98 - 8.74 (7.65)

Decrease

3,638

Third-Party Vendor Pricing Service

Broker Quotes

N/A

Increase

8,898

*Collateral values are presented in $ millions.

* Unfunded commitments are presented at net unrealized appreciation (depreciation).

(a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination.

Note 3 - Securities and Other Investments

The Fund’s portfolio primarily consists of some combination of the following types of investments:

Syndicated Loans — Syndicated loans are typically underwritten and syndicated by large commercial and investment banks. These loans may be recently originated by such banks pursuant to the originating bank’s, or lead arranger’s, underwriting standards applicable to corporate borrowers at the time of issuance. The Fund may purchase syndicated loans either in the primary market in connection with their syndication or in the secondary market. In most cases, syndicated loans will be secured by specific collateral of the issuer. In general, most of the syndicated loans purchased by the Fund will be current on principal and interest payments at the time of purchase. However, the Fund can purchase syndicated loans that are not current on principal and are likely to default. In addition, syndicated loans held by the Fund may at times cease being current on principal and interest payments. When all or a portion of a loan held by the Fund has not yet settled, the Fund does not accrue interest on such a loan until the settlement date at which point LIBOR, SOFR or Prime will be established.

Middle Market “Club” Loans — Middle market “club” loans are loans made to upper middle market companies that may not have access to traditional capital markets. Middle market “club” loans are distinct from customary direct lending loans described herein in that they are generally more liquid, often rated by a third party and funded by more than one lender, often a “club” of unaffiliated lenders. Middle market “club” loans held by the Fund will consist of first lien senior secured loans.

Direct Lending — The Fund may invest in sponsor-backed, first lien senior secured directly originated loans (including “unitranche” loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position) of middle-market U.S. companies. Direct lending middle market loans are generally illiquid, unrated and funded by one affiliated lender group.

Asset-Based Loans — Asset-Based loans are loans that are secured by collateral consisting of inventory, accounts receivable, machinery/equipment, real estate, intellectual property/brands and/or other assets owned by the borrower(s) where by the underlying loan will be underwritten by the value of the collateral. These loans are highly structured and typically include frequent monitoring including but not limited to financial and collateral reporting. The term loans are provided to both private and public borrowers with varying ownership structures.

High Yield Bonds — The Fund may invest in high-yield bonds, which are securities rated below “Baa3” by Moody’s, lower than “BBB-” by S&P and/or lower than “BBB-” by Fitch Ratings and unrated debt securities and other types of credit instruments of similar quality, commonly referred to as “junk bonds.” Such securities are predominately speculative with respect to the issuer’s capacity to pay interest and repay principal in accordance with the terms of the obligation. The ratings of S&P represent its opinion as to the credit quality of the securities it undertakes to rate. It should be emphasized, however, the ratings are relative and subjective and, although ratings may be useful in evaluating the safety of interest and principal payments, they do not evaluate the market price risk of these securities. In seeking to achieve its investment objective, the Fund depends on credit analysis to identify investment opportunities.

Note 4 - Unfunded Commitment/Delayed Draw Loan Commitment

As of March 31, 2022, the Fund had the following unfunded loan commitments outstanding, which could be extended at the option of the borrower:

Loan	Principal Amount		Value		Net Unrealized Appreciaton (Depreciation)
A & A Global Imports LLC, Revolver	$	15,033	$	14,958	$	225
Advanced Web Technologies, First Amendment Delayed Draw		476,190		476,190		9,524
Alcanza Clinical Research, Delayed Draw Term Loan - First Lien		375,000		369,375		(3,750	)
Alcanza Clinical Research, Revolver		187,500		184,688		-
Alpine SG LLC, Revolver		105,232		103,653		-
Alpine X, Delayed Draw Term Loan - First Lien		608,762		596,586		(6,088	)
Alpine X, Revolver		152,190		149,147		-
Anne Arundel Dermatology Management LLC, Delayed Draw Term Loan C-7 - First Lien		581,450		571,973		(4,753	)
Apex Service Partners LLC, Revolver - First Lien		32,749		32,749		393
Automated Control Concepts, Inc., Revolver		416,667		410,417		-
CC Amulet Management LLC, Delayed Draw Term Loan - First Lien		307,436		302,824		(3,074	)
CC Amulet Management LLC, Revolver		22,182		21,849		-
Cedar Services Group LLC, Delayed Draw Term Loan - First Lien		33,019		32,771		247
Cedar Services Group LLC, Delayed Draw Term Loan A - First Lien		1,428,571		1,417,857		17,857
Cedar Services Group LLC, Revolver		26,738		26,537		200
Certify, Inc., Fourth Amendment Delayed Draw Term Loan - First Lien		1,000,000		1,000,000		10,000
Community Based Care Acquisition, Inc., Delayed Draw Term Loan - First Lien		558,476		550,098		(2,792	)
Community Based Care Acquisition, Inc., Revolver		164,634		162,165		(823	)
ConvenientMD, Initial Delayed Draw Term Loan - First Lien		546,875		546,875		2,734
ConvenientMD, Revolver		50,000		50,000		750
Danforth Buyer, Inc., Revolver		208,333		205,208		-
Dermatology Intermediate Holdings III, Inc., Delayed Draw - First Lien		314,961		311,811		3,150
Endo1 Partners, Delayed Draw Term Loan - First Lien		606,045		593,925		-
Epic School Staffing Holdco, Inc., Delayed Draw Term Loan - First Lien		616,000		619,080		6,160
Evergreen Services Group LLC (Redwood/Cypress/Cedar), Delayed Draw Term Loan - First Lien		96,128		96,128		721
iLending LLC, Revolver		35,036		35,036		525
Integrated Pain Management Medical Group, Inc., Delayed Draw Term Loan - First Lien		101,138		101,138.00		2,023
LIFE-NWPA, Delayed Draw Term Loan - First Lien		1,219,880		1,201,581		(6,099	)
LIFE-NWPA, Revolver		487,952		480,633		2,440
Lighthouse Behavioral Health Solutions, Delayed Draw Term Loan - First Lien		1,526,718		1,503,817		-
Lighthouse Behavioral Health Solutions, Revolver		763,359		751,908		-
Lighthouse Lab Services, Delayed Draw Term Loan		198,456		195,480		(2,977	)
Lighthouse Lab Services, Revolver		334,728		329,707		-
MarkLogic Corp., Delayed Draw Term Loan - First Lien		292,581		292,581		2,926
Newcleus LLC, Delayed Draw Term Loan - First Lien		264,972		260,997		(1,990	)
Newcleus LLC, Revolver		34,803		34,281		-
Oak Point Partners LLC, Revolver		292,659		288,269		-
Omni Logistics, Delayed Draw Term Loan		195,431		193,966		488
Orion Services Group LLC, Delayed Draw Term Loan - First Lien		448,718		439,744		(4,487	)
Portfolio Holding, Inc. (Turbo Buyer), Term Loan - First Lien		358,939		358,939		2,559
Reich & Tang Deposits Network, Delayed Draw Term Loan - First Lien		860,691		847,781		-
R-Pac International Corp., Revolver		621,891		609,453		(98	)
Sequoia Consulting Group, LLC Revolver		590,164		581,311		-
Socius Insurance Services, Inc., Delayed Draw Term Loan - First Lien		767,544		763,706		3,838
Superhero Fire Protection LLC, Delayed Draw Term Loan - First Lien		163,478		161,026		-
Superhero Fire Protection LLC, Revolver		20,785		20,473		-
Technology Partners, LLC (Imagine Software), Delayed Draw Term Loan - First Lien		518,618		508,246		(5,186	)
Technology Partners, LLC (Imagine Software), Revolver		373,405		365,937		-
TMA Buyer LLC, Delayed Draw - First Lien		615,944		606,705		(6,159	)
TMA Buyer LLC, Revolver		153,986		151,676		-
Tricor Borrower LLC, Delayed Draw Term Loan		795,494		783,561		(5,966	)
Tricor Borrower LLC, Revolver		173,077		170,481		-
TriStrux LLC, Delayed Draw Term Loan - First Lien		482,622		475,383		(3,620	)
TriStrux LLC, Revolver		180,983		178,269		-
					$	8,898

Delayed draw loan commitments are marked to market on the relevant day of the valuation in accordance with the Fund’s valuation policy.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

Create E-mail Alert Related Categories

SEC Filings

Sign up for StreetInsider Free!

Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!

Form NPORT-P First Eagle Credit Oppor For: Mar 31

You May Also Be Interested In

Create E-mail Alert Related Categories

Sign up for StreetInsider Free!

Free News Feed