Lord Abbett

Quarterly Portfolio Holdings Report

Lord Abbett

Credit Opportunities Fund

For the period ended September 30, 2025

Centrally Cleared Credit Default Swap Contracts on Indexes/Issuers - Buy Protection at September 30, 2025⁽¹⁾:

The following is a summary of the inputs used as of September 30, 2025 in valuing the Fund’s investments carried at fair value⁽¹⁾:

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

The following is a reconciliation of investments with unobservable inputs (Level 3) that were used in determining fair value:

Lord Abbett Credit Opportunities Fund (the “Fund”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a non-diversified, closed-end management investment company that continuously offers its common shares (the “Shares”) and is operated as an interval fund. The Fund was organized as a Delaware statutory trust on September 18, 2018. The Fund had a sale to Lord, Abbett & Co. LLC (“Lord Abbett”) of 10,000 shares of common stock for $100,000 ($10.00 per share). The Fund commenced operations on February 15, 2019.

It is the policy of the Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.

The Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on the Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax return. The statutes of limitations on the Fund’s state and local tax returns may remain open for an additional year depending upon the jurisdiction.

The Fund has established a securities lending agreement with Citibank, N.A. for the lending of securities to qualified brokers in exchange for securities or cash collateral equal to at least the market value of securities loaned, plus interest, if applicable. Cash collateral is invested in an approved money market fund. In accordance with the Fund’s securities lending agreement, the market value of securities on loan is determined each day at the close of business and any additional collateral required to cover the value of securities on loan is delivered to the Fund on the next business day. As with other extensions of credit, the Fund may experience a delay in the recovery of its securities or incur a loss should the borrower of the securities breach its agreement with the Fund or the borrower becomes insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.

The initial collateral received by the Fund is required to have a value equal to at least 100% of the market value of the securities loaned. The collateral must be marked-to-market daily to cover increases in the market value of the securities loaned (or potentially a decline in the value of the collateral). In general, the risk of borrower default will be borne by Citibank, N.A.; the Fund will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Fund continues to receive income on loaned securities while receiving a portion of any securities lending fees and earning returns on the cash amounts which may be reinvested for the purchase of investments in securities.

Investments	Interest Rate		Maturity Date	Principal Amount^‡			Fair Value
LONG-TERM INVESTMENTS 89.54%

ASSET-BACKED SECURITIES 25.51%

Automobiles 7.66%
Ally Auto Receivables Trust Series 2024-1 Class CERT^†	Zero Coupon		2/16/2032	$	30,890		$	9,272,951
CAL Receivables LLC Series 2022-1 Class B^†	8.722% (30 day USD SOFR Average + 4.35%)	^#	10/15/2026		10,165,122			10,161,174
Carvana Auto Receivables Trust Series 2021-N1 Class R^†	Zero Coupon		1/10/2028		10,000	^(a)		1,005,716
Exeter Automobile Receivables Trust Series 2021-1A Class R	Zero Coupon		2/15/2033		16,020			6,585,407
Exeter Automobile Receivables Trust Series 2021-2A Class R	Zero Coupon		7/15/2033		11,036			4,721,839
Exeter Automobile Receivables Trust Series 2021-4A Class R^†	Zero Coupon		12/15/2033		28,050	^(a)		1,255,343
Exeter Automobile Receivables Trust Series 2023-1A Class E^†	12.07%		9/16/2030		14,258,000			15,951,009
Exeter Automobile Receivables Trust Series 2023-2A Class E^†	9.75%		11/15/2030		27,309,000			29,331,900
Exeter Automobile Receivables Trust Series 2024-2A Class E^†	7.98%		10/15/2031		19,000,000			19,983,075
Exeter Automobile Receivables Trust Series 2024-3A Class E^†	7.84%		10/15/2031		7,500,000			7,861,356
Exeter Automobile Receivables Trust Series 2024-5A Class E^†	7.22%		5/17/2032		7,686,000			7,935,586
Flagship Credit Auto Trust Series 2020-4 Class R^†	Zero Coupon		7/17/2028		17,826	^(a)		866,823	^(b)
GLS Auto Receivables Issuer Trust Series 2024-2A Class E^†	7.98%		5/15/2031		8,250,000			8,662,220
PenFed Auto Receivables Owner Trust Series 2022-A Class R1^†	Zero Coupon		6/17/2030		30,000			2,591,601
Santander Bank Auto Credit-Linked Notes Series 2022-A Class E^†	12.662%		5/15/2032		17,746,623			18,031,048
Santander Bank Auto Credit-Linked Notes Series 2022-B Class G^†	14.552%		8/16/2032		19,230,254			19,663,343
Santander Bank Auto Credit-Linked Notes Series 2022-C Class F^†	14.592%		12/15/2032		26,179,015			26,888,857
SBNA Auto Receivables Trust Series 2024-A Class E^†	8.00%		4/15/2032		5,860,000			6,117,314
USB Auto Owner Trust Series 2025-1A Class R^†	Zero Coupon		12/15/2032		20,000			6,203,192

Investments	Interest Rate	Maturity Date	Principal Amount^‡		Fair Value
CONVERTIBLE BONDS 1.75%

Equity Real Estate 0.09%
Sunac China Holdings Ltd. (China)^†(f)(g)	Zero Coupon	9/30/2028	$	18,058,439	$	2,799,058

Home Builders 0.26%
Meritage Homes Corp.	1.75%	5/15/2028		7,784,000		8,005,550

Media 0.15%
AMC Networks, Inc.	4.25%	2/15/2029		4,855,000		4,648,662

Oil & Gas 1.25%
Borr Drilling Ltd.	5.00%	2/8/2028		8,600,000		8,011,152
Borr Drilling Ltd.	5.00%	2/8/2028		4,800,000		4,471,340
Nabors Industries, Inc.	1.75%	6/15/2029		19,937,000		15,351,490
Transocean International Ltd.	4.625%	9/30/2029		9,735,000		11,516,505
Total						39,350,487
Total Convertible Bonds (cost $65,557,972)						54,803,757

CORPORATE BONDS 46.87%

Advertising 1.28%
CMG Media Corp.^†	8.875%	6/18/2029		43,712,044		40,187,105

Airlines 0.38%
VistaJet Malta Finance PLC/Vista Management Holding, Inc. (Malta)^†(g)	6.375%	2/1/2030		12,095,000		11,799,078

Auto Parts & Equipment 2.47%
American Axle & Manufacturing, Inc.^†(h)	7.75%	10/15/2033		22,613,000		22,803,416
ZF North America Capital, Inc.^†	7.50%	3/24/2031		55,161,000		54,819,908
Total						77,623,324

Building Materials 5.25%
ACProducts Holdings, Inc.^†	6.375%	5/15/2029		70,921,000		40,450,195
Cornerstone Building Brands, Inc.^†	6.125%	1/15/2029		74,519,000		60,936,690
CP Atlas Buyer, Inc.^†	12.75%	1/15/2031		7,335,653		7,332,524
JELD-WEN, Inc.^†	7.00%	9/1/2032		48,550,000		41,037,281
Oscar AcquisitionCo LLC/Oscar Finance, Inc.^†	9.50%	4/15/2030		9,659,000		7,917,967
Wilsonart LLC^†	11.00%	8/15/2032		7,414,000		7,222,857
Total						164,897,514

Chemicals 2.45%
ASP Unifrax Holdings, Inc.^†	7.10%	9/30/2029		14,709,119		5,868,775
ASP Unifrax Holdings, Inc.^†	11.175%	9/30/2029		36,089,947		33,432,579

Investments	Interest Rate		Maturity Date		Principal Amount^‡		Fair Value
Chemicals (continued)
Herens Midco SARL	5.25%		5/15/2029		EUR	47,965,000	$	32,689,868
Tronox, Inc.^†	4.625%		3/15/2029		$	7,789,000		5,088,333
Total								77,079,555

Diversified Financial Services 0.93%
SCF Preferred Equity LLC^†	7.50% (5 yr. CMT + 6.73%)	^#	–	⁽ⁱ⁾		29,000,000		29,279,560

Media 6.08%
AMC Networks, Inc.	4.25%		2/15/2029			10,223,000		8,903,466
Cable One, Inc.^†	4.00%		11/15/2030			9,308,000		7,895,329
CSC Holdings LLC^†	4.625%		12/1/2030			86,140,000		30,300,313
DISH DBS Corp.	5.125%		6/1/2029			26,513,000		22,695,522
EW Scripps Co.^†	9.875%		8/15/2030			30,239,000		28,411,448
Gray Media, Inc.^†	5.375%		11/15/2031			69,299,000		52,104,708
Scripps Escrow II, Inc.^†	5.375%		1/15/2031			57,519,000		40,533,927
Total								190,844,713

Metal Fabricate-Hardware 2.24%
Park-Ohio Industries, Inc.^†	8.50%		8/1/2030			67,738,000		70,282,916

Oil & Gas 15.82%
Baytex Energy Corp. (Canada)^†(g)	7.375%		3/15/2032			40,685,000		39,864,257
Borr IHC Ltd./Borr Finance LLC^†	10.375%		11/15/2030			44,261,932		44,374,925
Kosmos Energy Ltd.^†	7.50%		3/1/2028			18,436,000		16,126,237
Kraken Oil & Gas Partners LLC^†	7.625%		8/15/2029			50,899,000		50,491,620
Moss Creek Resources Holdings, Inc.^†	8.25%		9/1/2031			21,413,000		20,998,410
Nabors Industries, Inc.^†	8.875%		8/15/2031			43,756,000		40,783,653
Petroleos Mexicanos (Mexico)^(g)	6.875%		10/16/2025			17,666,000		17,655,031
Saturn Oil & Gas, Inc. (Canada)^†(g)	9.625%		6/15/2029			53,969,000		55,954,377
Transocean International Ltd.	6.80%		3/15/2038			33,360,000		28,278,400
Transocean International Ltd.	7.50%		4/15/2031			48,223,000		44,789,736
Vermilion Energy, Inc. (Canada)^†(g)	7.25%		2/15/2033			63,561,000		60,122,680
Vital Energy, Inc.^†	7.875%		4/15/2032			79,782,000		77,502,014
Total								496,941,340

Oil & Gas Services 0.24%
Nine Energy Service, Inc.	13.00%		2/1/2028			14,829,000		7,477,820

Packaging & Containers 0.02%
Kleopatra Finco SARL	9.00%		9/1/2029		EUR	4,878,270		687,302

Investments	Interest Rate	Maturity Date	Principal Amount^‡		Fair Value
Real Estate 0.11%
CIFI Holdings Group Co. Ltd. (China)^(f)(g)	4.375%	4/12/2027	$	2,000,000	$	187,500
CIFI Holdings Group Co. Ltd. (China)^(f)(g)	5.25%	5/13/2026		1,800,000		171,000
CIFI Holdings Group Co. Ltd. (China)^(f)(g)	6.00%	7/16/2025		7,000,000		700,000
Logan Group Co. Ltd. (China)^(f)(g)	4.50%	1/13/2028		4,000,000		333,040
Logan Group Co. Ltd. (China)^(f)(g)	5.25%	2/23/2023		8,000,000		720,000
Shimao Group Holdings Ltd. (Hong Kong)^†(g)	5.00%	7/21/2031		335,000		15,276
Sunac China Holdings Ltd. (China)^†(f)(g)	6.00%	9/30/2026		756,460		113,832
Sunac China Holdings Ltd. (China)^†(f)(g)	6.25%	9/30/2027		758,297		116,588
Sunac China Holdings Ltd. (China)^†(f)(g)	6.50%	9/30/2027		1,520,277		231,842
Sunac China Holdings Ltd. (China)^†(f)(g)	6.75%	9/30/2028		2,285,942		354,321
Sunac China Holdings Ltd. (China)^†(f)(g)	7.00%	9/30/2029		2,291,474		355,179
Sunac China Holdings Ltd. (China)^†(f)(g)	7.25%	9/30/2030		1,079,008		165,814
Total						3,464,392

Retail 7.26%
Foundation Building Materials, Inc.^†	6.00%	3/1/2029		11,291,000		11,451,742
GPS Hospitality Holding Co. LLC/GPS Finco, Inc.^†	7.00%	8/15/2028		50,275,000		29,044,873
LBM Acquisition LLC^†	6.25%	1/15/2029		93,220,000		86,376,235
Park River Holdings, Inc.^†	5.625%	2/1/2029		46,080,000		45,385,188
Park River Holdings, Inc.^†	6.75%	8/1/2029		28,306,000		28,059,579
Park River Holdings, Inc.^†(h)	8.00%	3/15/2031		9,411,000		9,536,536
Saks Global Enterprises LLC^†	11.00%	12/15/2029		12,644,063		4,615,083
Saks Global Enterprises LLC^†	11.00%	12/15/2029		13,683,177		7,115,252
SGUS LLC^†	11.00%	12/15/2029		6,786,545		6,465,379
Total						228,049,867

Software 0.01%
Rackspace Technology Global, Inc.^†	5.375%	12/1/2028		1,169,000		315,630

Telecommunications 2.33%
Hughes Satellite Systems Corp.	6.625%	8/1/2026		63,268,000		60,226,138
Lumen Technologies, Inc.^†	4.50%	1/15/2029		14,256,000		13,014,275
Total						73,240,413
Total Corporate Bonds (cost $1,502,166,034)						1,472,170,529

FLOATING RATE LOANS^(j) 10.29%

Aerospace/Defense 1.02%
Alloy Finco Ltd. USD Holdco PIK Term Loan 13.50% (Jersey)^(g)	0.50%	3/6/2028		17,633,959		31,917,467	^(k)

Investments	Interest Rate	Maturity Date	Principal Amount^‡		Fair Value
SHORT-TERM INVESTMENTS 10.53%

COMMERCIAL PAPER 6.69%

Chemicals 1.38%
FMC Corp.^†	4.817%	10/1/2025	$	1,699,000	$	1,699,000
FMC Corp.^†	4.817%	10/1/2025		41,701,000		41,701,000
Total						43,400,000

Diversified Financial Services 1.75%
Air Lease Corp.^†	4.597%	10/1/2025		55,000,000		55,000,000

Electric 1.53%
Evergy Missouri West, Inc.^†	4.455%	10/7/2025		25,000,000		24,981,708
Evergy Missouri West, Inc.^†	4.541%	10/14/2025		23,000,000		22,963,290
Total						47,944,998

Electronics 0.32%
Jabil, Inc.^†	4.654%	10/6/2025		10,000,000		9,993,639

Pharmaceuticals 1.29%
CVS Health Corp.^†	4.571%	10/6/2025		40,500,000		40,474,687

Retail 0.42%
AutoNation, Inc.^†	4.563%	10/1/2025		13,300,000		13,300,000
Total Commercial Paper (cost $210,113,324)						210,113,324

REPURCHASE AGREEMENTS 3.84%
Repurchase Agreement dated 9/30/2025, 3.750% due 10/1/2025 with Fixed Income Clearing Corp. collateralized by $69,831,000 of U.S. Treasury Note at 4.500% due 4/15/2027; $75,000 of U.S. Treasury Note at 3.875% due 3/31/2027; value: $72,188,795; proceeds: $70,780,652 (cost $70,773,280)				70,773,280		70,773,280
Repurchase Agreement dated 9/30/2025, 4.230% due 10/1/2025 with JPMorgan Securities LLC collateralized by $49,019,700 of U.S. Treasury Note at 4.000% due 12/15/2027; value: $50,000,000; proceeds: $50,005,875 (cost $50,000,000)				50,000,000		50,000,000
Total Repurchase Agreements (cost $120,773,280)						120,773,280
Total Short-Term Investments (cost $330,886,604)						330,886,604
Total Investments in Securities 100.07% (cost $3,259,798,458)						3,142,944,965
Less Unfunded Loan Commitments (0.23%) (cost $8,002,695)						(7,312,463	)
Net Investments in Securities 99.84% (cost $3,251,795,763)						3,135,632,502
Other Assets and Liabilities – Net^(r)0.16%						5,047,163
Net Assets 100.00%					$	3,140,679,665

EUR	Euro.
CMT	Constant Maturity Rate.
PIK	Payment-in-kind.
SOFR	Secured Overnight Financing Rate.
^‡	Principal Amount is denominated in U.S. dollars unless otherwise noted.
^†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At September 30, 2025, the total value of Rule 144A securities was $2,249,804,325, which represents 71.63% of net assets.
^#	Variable rate security. The interest rate represents the rate in effect at September 30, 2025.
^*	Non-income producing security.
^(a)	Principal amount represents ownership shares of the Trust.
^(b)	Level 3 Investment as described in Note 2(a) in the Notes to Schedule of Investments. Security valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.
^(c)	Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date.
^(d)	Interest-only security. The principal amount shown is a notional amount representing the outstanding principal of the underlying debt obligation(s). Holders of interest only securities do not receive principal payments on the underlying debt obligation(s).
^(e)	Investment in non-U.S. dollar denominated securities.
^(f)	Defaulted (non-income producing security).
^(g)	Foreign security traded in U.S. dollars.
^(h)	Securities purchased on a when-issued basis.
⁽ⁱ⁾	Security is perpetual in nature and has no stated maturity.
^(j)	Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the SOFR or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at September 30, 2025.
^(k)	Level 3 Investment as described in Note 2(a) in the Notes to Schedule of Investments. Floating Rate Loans categorized as Level 3 are valued based on a single quotation obtained from a dealer. Accounting principles generally accepted in the United States of America do not require the Fund to create quantitative unobservable inputs that were not developed by the Fund. Therefore, the Fund does not have access to unobservable inputs and cannot disclose such inputs in the valuation.
^(l)	Interest Rate to be determined.
^(m)	Security partially/fully unfunded.
⁽ⁿ⁾	Affiliated funds.
^(o)	Restricted securities (including private placement) - investments in securities not registered under the Securities Act of 1933 (excluding 144A issues). At September 30, 2025, the value of restricted securities (excluding 144A issues) amounted to $156,685,145 or 4.99% of net assets.
^(p)	Fund is a business development company under the Investment Company Act of 1940.
^(q)	Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool.
^(r)	Other Assets and Liabilities – Net include net unrealized appreciation/(depreciation) on forward foreign currency exchange contracts and swap contracts as follows:

⁽¹⁾	If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap contracts agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap contracts and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap contracts less the recovery value of the referenced obligation or underlying securities.
⁽²⁾	Upfront payments paid (received) are presented net of amortization.
⁽³⁾	Total unrealized appreciation on Credit Default Swap Contracts on Indexes/Issuers amounted to $0. Total unrealized depreciation on Credit Default Swap Contracts on Indexes/Issuers amounted to $50,964.
⁽⁴⁾	Central Clearinghouse: Intercontinental Exchange (ICE).

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date	U.S. $ Current Value	Unrealized Depreciation
Canadian dollar	Buy	Barclays Bank PLC	1/23/2026	11,092,000	$ 8,061,414	$ 8,011,519		$ (49,895	)
Euro	Buy	Toronto Dominion Bank	11/21/2025	4,576,000	5,392,000	5,388,234		(3,766	)
Euro	Sell	Morgan Stanley	11/21/2025	45,337,000	52,906,429	53,384,261		(477,832	)
Total Unrealized Depreciation on Forward Foreign Currency Exchange Contracts								$ (531,493	)

Investment Type⁽²⁾	Level 1		Level 2			Level 3		Total
Long-Term Investments
Asset-Backed Securities
Automobiles	$	–	$	239,586,774		$	866,823	$	240,453,597
Other		–		549,349,664			2,812,770		552,162,434
Remaining Industries		–		8,691,351			–		8,691,351
Common Stocks		–		2,695,708			–		2,695,708
Convertible Bonds		–		54,803,757			–		54,803,757
Corporate Bonds		–		1,472,170,529			–		1,472,170,529
Floating Rate Loans
Aerospace/Defense		–		–			31,917,467		31,917,467
Remaining Industries		–		291,276,343			–		291,276,343
Less Unfunded Loan Commitments		–		(7,312,463	)		–		(7,312,463	)
Investments in Underlying Funds		–		156,685,145			–		156,685,145
Non-Agency Commercial Mortgage-Backed Securities		–		236,101			–		236,101
Preferred Stocks		–		953,460			–		953,460
Warrants		–		12,469			–		12,469
Short-Term Investments
Commercial Paper		–		210,113,324			–		210,113,324
Repurchase Agreements		–		120,773,280			–		120,773,280
Total	$	–	$	3,100,035,442		$	35,597,060	$	3,135,632,502
Other Financial Instruments
Centrally Cleared Credit Default Swap Contracts
Assets	$	–	$	–		$	–	$	–
Liabilities		–		(92,089	)		–		(92,089	)
Forward Foreign Currency Exchange Contracts
Assets		–		134,526			–		134,526
Liabilities		–		(531,493	)		–		(531,493	)
Total	$	–	$	(489,056	)	$	–	$	(489,056	)

Investment Type	Asset-Backed Securities			Floating Rate Loans
Balance as of December 31, 2024	$	47,309,463		$	–
Accrued Discounts (Premiums)		–			(1,071,176	)
Change in Unrealized Appreciation/(Depreciation)		4,358,223			12,260,505
Realized Gain/(Loss)		(5,051,234	)		5,097,498
Purchases		5,052,668			2,111,609
Sales		(16,899,402	)		(15,808,528	)
Transfers into Level 3^(a)		–			29,327,559
Transfers out of Level 3^(a)		(31,090,125	)		–
Balance as of September 30, 2025	$	3,679,593		$	31,917,467
Change in unrealized appreciation/(depreciation) for the period ended September 30, 2025, related to Level 3 investments held at September 30, 2025	$	(1,818,828	)	$	12,260,505

(a)	Investment Valuation–Under procedures approved by the Fund’s Board of Trustees (the “Board”), the Board has designated the determination of fair value of the Fund’s portfolio investments to Lord, Abbett & Co. LLC (“Lord Abbett”) as its valuation designee. Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risks, establishing, applying and testing fair value methodologies, and evaluating pricing services. Lord Abbett has formed a Pricing Committee (the “Pricing Committee”) that performs these responsibilities on behalf of Lord Abbett, administers the pricing and valuation of portfolio investments and ensures that prices utilized reasonably reflect fair value. Among other things, these procedures allow Lord Abbett, subject to Board oversight, to utilize independent pricing services, quotations from securities, financial instrument dealers and other market sources to determine fair value.

	Securities actively traded on any recognized U.S. or non-U.S. exchange or on the NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Pricing Committee uses a third-party fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that correlate to the fair-valued securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and ask prices. Investments in the PCF and PCF S are valued at their net asset value (“NAV”) each month end. Fixed income securities are valued based on evaluated prices supplied by independent pricing services, which reflect broker/dealer supplied valuations and the independent pricing services’ own electronic data processing techniques. Floating rate loans are valued at the average of bid and ask quotations obtained from dealers in loans on the basis of prices supplied by independent pricing services. Forward foreign currency exchange contracts are valued using daily forward exchange rates. Swaps, options and options on swaps (“swaptions”) are valued daily using independent pricing services or quotations from broker/dealers to the extent available.

	Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use observable inputs such as yield curves, broker quotes, observable trading activity, option adjusted spread models, related or comparable assets or liabilities, recent transactions,

	market multiples, book values and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof periodically reviews reports that may include fair value determinations made by the Pricing Committee, related market activity, inputs and assumptions, and retrospective comparison of prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee.

	Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. Investments in open-ended money market funds a valued at their NAV as of close of each business day.

(b)	Fair Value Measurements–Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk – for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below:

●	Level 1 –	unadjusted quoted prices in active markets for identical investments;

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

●	Level 3 –	significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).

	A summary of inputs used in valuing the Fund’s investments and other financial instruments as of September 30, 2025 and, if applicable, Level 3 rollforwards for the period then ended is included in the Fund’s Schedule of Investments.

	Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.