| Fund | Company | Type | Rate Type | Int Rate | PIK Rate | Spread | Principal ($M) | Cost ($M) | Fair Value ($M) | G/L ($M) | % NAV | Period |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BARINGS BDC, INC. | Eclipse Business Capital, LLC units | — | N/A | — | — | — | — | — | 145.8 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Banking, Finance, Insurance & Real Estate, LLC Units | — | N/A | — | — | — | — | 93.0 | 145.8 | +52.8 | 12.20% | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, LLC units | — | N/A | — | — | — | — | — | 145.8 | — | — | 2023-12-31 |
| Barings BDC, Inc. | Eclipse Business Capital, LLC | Other | N/A | — | — | — | — | 93.1 | 139.5 | +46.5 | 12.00% | 2025-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC units | — | N/A | — | — | — | — | — | 136.9 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, LLC Units | — | N/A | — | — | — | — | 93.0 | 136.9 | +43.8 | 11.50% | 2024-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, LLC units | — | N/A | — | — | — | — | — | 135.1 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital Holdings LLC, Second Lien Senior Secured Loan | — | N/A | — | — | — | — | — | 89.8 | — | — | 2021-06-30 |
| Barings BDC, Inc. | Rocade Holdings LLC | Preferred | PIK Only | — | 9.90% | +600bps | — | 89.5 | 89.5 | -0.0 | 7.70% | 2025-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Preferred LP Units 1 | — | Floating | — | — | +600bps | — | 83.0 | 83.0 | +0.0 | 7.00% | 2024-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Preferred LP Units 2 | — | Floating | — | — | +600bps | — | — | 83.0 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Other Financial, Preferred LP Units | — | Floating | — | — | +600bps | — | 73.1 | 73.1 | +0.0 | 6.10% | 2023-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Preferred LP Units 2 | — | N/A | — | — | — | — | — | 73.1 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Preferred LP Units | — | Floating | — | — | +600bps | — | — | 73.1 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Common Stock Series B, Controlled | — | N/A | — | — | — | — | — | 53.7 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +600bps | 53.5 | 52.9 | 52.9 | +0.0 | 4.40% | 2024-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, Property & Casualty Insurance, First Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +600bps | 51.3 | 50.5 | 50.5 | +0.0 | 4.20% | 2023-12-31 |
| Barings BDC, Inc. | Policy Services Company, LLC | First Lien | PIK Toggle | 10.50% | 4.00% | +600bps | 53.4 | 52.9 | 48.1 | -4.8 | 4.10% | 2025-12-31 |
| Barings BDC, Inc. | VB Spine Intermediary II LLC | First Lien | PIK Toggle | 8.70% | 4.40% | +500bps | 46.0 | 44.4 | 44.4 | +0.0 | 3.80% | 2025-12-31 |
| BARINGS BDC, INC. | Sierra Senior Loan Strategy JV I LLC, Member Interest | — | N/A | — | — | — | — | 48.4 | 41.5 | -7.0 | 3.50% | 2024-12-31 |
| BARINGS BDC, INC. | Sierra Senior Loan Strategy JV I LLC, Member Interest | — | N/A | — | — | — | — | — | 41.5 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Jocassee Partners LLC, Investment Funds & Vehicles, Member Interest | — | N/A | — | — | — | — | 35.2 | 41.1 | +5.9 | 3.40% | 2023-12-31 |
| BARINGS BDC, INC. | Jocassee Partners LLC, Member Interest | — | N/A | — | — | — | — | — | 41.1 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Jocassee Partners LLC, Member Interest 1 | — | N/A | — | — | — | — | 35.2 | 40.8 | +5.6 | 3.40% | 2024-12-31 |
| BARINGS BDC, INC. | Jocassee Partners LLC, Member Interest | — | N/A | — | — | — | — | — | 40.8 | — | — | 2024-12-31 |
| Barings BDC, Inc. | Security Holdings B.V. | Equity | N/A | — | — | — | — | 35.2 | 40.7 | +5.5 | 3.50% | 2025-12-31 |
| Barings BDC, Inc. | Security Holdings B.V | Equity | N/A | — | — | — | — | — | 40.7 | — | — | 2025-12-31 |
| BARINGS BDC, INC. | Jocassee Partners LLC, Member Interest | — | N/A | — | — | — | — | — | 40.1 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Sierra Senior Loan Strategy JV I LLC, Joint Venture, Member Interest | — | N/A | — | — | — | — | 48.4 | 39.2 | -9.3 | 3.30% | 2023-12-31 |
| BARINGS BDC, INC. | Sierra Senior Loan Strategy JV I LLC, Member Interest | — | N/A | — | — | — | — | — | 39.2 | — | — | 2023-12-31 |
| Barings BDC, Inc. | Jocassee Partners LLC | Equity | N/A | — | — | — | — | 35.2 | 38.0 | +2.8 | 3.30% | 2025-12-31 |
| BARINGS BDC, INC. | Sierra Senior Loan Strategy JV I LLC, Member Interest | — | N/A | — | — | — | — | — | 38.0 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Common Stock Series B | — | N/A | — | — | — | — | — | 37.3 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Common Stock Series B | — | N/A | — | — | — | — | 35.2 | 37.3 | +2.1 | 3.10% | 2024-12-31 |
| BARINGS BDC, INC. | Shelf Bidco Ltd., Other Financial, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +600bps | 34.7 | 33.7 | 34.0 | +0.3 | 2.80% | 2023-12-31 |
| Barings BDC, Inc. | Screenvision, LLC | Second Lien | Floating | 12.40% | — | +850bps | 33.7 | 32.5 | 32.5 | +0.0 | 2.80% | 2025-12-31 |
| BARINGS BDC, INC. | Thompson Rivers LLC, Member Interest | — | N/A | — | — | — | — | — | 30.3 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Rhondda Financing No. 1 DAC, Finance Companies, Structured - Junior Note | — | N/A | — | — | — | 28.6 | 27.9 | 29.6 | +1.7 | 2.50% | 2023-12-31 |
| BARINGS BDC, INC. | Aviation Technical Services, Inc., Aerospace & Defense, Second Lien Senior Secured Term Loan | — | Floating | 14.00% | — | +850bps | 29.5 | 28.1 | 29.2 | +1.0 | 2.40% | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Common Stock Series B, Controlled | — | N/A | — | — | — | — | — | 29.1 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Common Stock Series B | — | N/A | — | — | — | — | — | 29.1 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Electrical Engineering, Common Stock Series B | — | N/A | — | — | — | — | 35.2 | 29.1 | -6.1 | 2.40% | 2023-12-31 |
| BARINGS BDC, INC. | Bridger Aerospace Group Holdings, LLC, Environmental Industries, Municipal Revenue Bond | — | Fixed | 11.50% | — | — | 27.2 | 27.2 | 28.8 | +1.6 | 2.40% | 2023-12-31 |
| BARINGS BDC, INC. | Bridger Aerospace Group Holdings, LLC, Municipal Revenue Bond | — | Fixed | 11.50% | — | — | 27.2 | 27.2 | 27.9 | +0.7 | 2.30% | 2024-12-31 |
| BARINGS BDC, INC. | Rhondda Financing No. 1 DAC, Structured - Junior Note | — | N/A | — | — | — | 25.9 | 25.7 | 26.0 | +0.3 | 2.20% | 2024-12-31 |
| BARINGS BDC, INC. | Core Scientific, Inc., Technology, Equipment Term Loan | — | Fixed | 9.80% | — | — | 30.6 | 29.6 | 23.0 | -6.6 | 1.90% | 2023-12-31 |
| BARINGS BDC, INC. | Alpine SG, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +600bps | 23.1 | 22.7 | 22.9 | +0.3 | 1.90% | 2024-12-31 |
| BARINGS BDC, INC. | Alpine SG, LLC, High Tech Industries, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +600bps | 23.1 | 22.7 | 22.8 | +0.1 | 1.90% | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital Holdings LLC, Revolver, Unfunded | — | N/A | — | — | — | — | — | 22.7 | — | — | 2022-07-31 |
| Barings BDC, Inc. | Next Holdco, LLC | First Lien | Floating | 9.10% | — | +525bps | 22.1 | 21.9 | 22.1 | +0.1 | 1.90% | 2025-12-31 |
| BARINGS BDC, INC. | RPX Corporation, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +550bps | 21.9 | 21.6 | 21.6 | +0.0 | 1.80% | 2024-12-31 |
| Barings BDC, Inc. | RPX Corporation | First Lien | Floating | 9.30% | — | +550bps | 21.7 | 21.4 | 21.5 | +0.0 | 1.90% | 2025-12-31 |
| BARINGS BDC, INC. | Waccamaw River LLC, Member Interest | — | N/A | — | — | — | — | — | 20.2 | — | — | 2022-12-31 |
| Barings BDC, Inc. | Coastal Marina Holdings, LLC | Other | N/A | — | — | — | — | 16.5 | 20.0 | +3.5 | 1.70% | 2025-12-31 |
| BARINGS BDC, INC. | AQA Acquisition Holding, Inc., High Tech Industries, Second Lien Senior Secured Term Loan | — | Floating | 13.00% | — | +750bps | 20.0 | 19.6 | 19.9 | +0.3 | 1.70% | 2023-12-31 |
| BARINGS BDC, INC. | ATL II MRO Holdings Inc., First Lien Senior Secured Term Loan | — | Floating | 9.80% | — | +525bps | 19.3 | 19.0 | 19.0 | +0.0 | 1.60% | 2024-12-31 |
| BARINGS BDC, INC. | Truck-Lite Co., LLC, Automotive Parts & Equipment, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +625bps | 19.2 | 18.9 | 19.0 | +0.1 | 1.60% | 2023-12-31 |
| Barings BDC, Inc. | ATL II MRO Holdings Inc. | First Lien | Floating | 9.20% | — | +525bps | 19.1 | 18.9 | 18.9 | +0.1 | 1.60% | 2025-12-31 |
| BARINGS BDC, INC. | Caldwell & Gregory LLC, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +500bps | 19.1 | 18.8 | 18.8 | +0.0 | 1.60% | 2024-12-31 |
| BARINGS BDC, INC. | Comply365, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +500bps | 18.7 | 18.4 | 18.7 | +0.3 | 1.60% | 2024-12-31 |
| BARINGS BDC, INC. | Napa Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +550bps | 19.0 | 19.6 | 18.3 | -1.3 | 1.50% | 2023-12-31 |
| Barings BDC, Inc. | OSP Hamilton Purchaser, LLC | First Lien | Floating | 9.10% | — | +525bps | 18.2 | 18.1 | 18.1 | +0.0 | 1.60% | 2025-12-31 |
| BARINGS BDC, INC. | ROI Solutions LLC, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 18.4 | 18.0 | 18.0 | -0.0 | 1.50% | 2024-12-31 |
| Barings BDC, Inc. | USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.) | First Lien | Floating | 9.30% | — | +550bps | 17.9 | 17.9 | 17.9 | +0.1 | 1.50% | 2025-12-31 |
| BARINGS BDC, INC. | Superjet Buyer, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +550bps | 18.1 | 17.8 | 17.7 | -0.0 | 1.50% | 2024-12-31 |
| BARINGS BDC, INC. | Saab Purchaser, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 17.8 | 17.6 | 17.6 | -0.0 | 1.50% | 2024-12-31 |
| Barings BDC, Inc. | Woodland Foods, LLC | First Lien | Floating | 9.20% | — | +525bps | 17.2 | 17.0 | 17.0 | +0.0 | 1.50% | 2025-12-31 |
| BARINGS BDC, INC. | Northstar Recycling, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.00% | — | +475bps | 17.2 | 16.9 | 16.9 | -0.0 | 1.40% | 2024-12-31 |
| Barings BDC, Inc. | Discovery Buyer, L.P. | First Lien | Floating | 8.60% | — | +475bps | 17.1 | 16.9 | 16.9 | +0.0 | 1.50% | 2025-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, LLC Units 1 | — | N/A | — | — | — | — | — | 16.9 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, LLC Units | — | N/A | — | — | — | — | 16.5 | 16.9 | +0.4 | 1.40% | 2024-12-31 |
| Barings BDC, Inc. | TSYL Corporate Buyer, Inc. | First Lien | Floating | 8.30% | — | +450bps | 16.8 | 16.6 | 16.8 | +0.2 | 1.50% | 2025-12-31 |
| Barings BDC, Inc. | Sierra Senior Loan Strategy JV I LLC | Equity | N/A | — | — | — | — | 28.0 | 16.4 | -11.6 | 1.40% | 2025-12-31 |
| Barings BDC, Inc. | Bridger Aerospace Group Holdings, LLC | Preferred | PIK Only | — | 7.00% | — | — | 18.0 | 16.3 | -1.6 | 1.40% | 2025-12-31 |
| Barings BDC, Inc. | Skyvault Holdings LLC | First Lien | PIK Toggle | 12.00% | 12.00% | — | 16.0 | 16.0 | 16.0 | -0.0 | 1.40% | 2025-12-31 |
| Barings BDC, Inc. | Coastal Marina Holdings, LLC | Subordinated | Fixed | 8.00% | — | — | 16.6 | 15.8 | 15.9 | +0.1 | 1.40% | 2025-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Subordinated Term Loan 1 | — | Fixed | 8.00% | — | — | 16.6 | 15.7 | 15.8 | +0.1 | 1.30% | 2024-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Subordinated Term Loan | — | Fixed | 8.00% | — | — | — | — | 15.8 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure, Subordinated Term Loan2 | — | N/A | — | — | — | 16.6 | 15.6 | 15.6 | +0.1 | 1.30% | 2023-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Subordinated Term Loan 1 | — | Fixed | 8.00% | — | — | — | — | 15.6 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Waccamaw River LLC, Investment Funds & Vehicles, Member Interest | — | N/A | — | — | — | — | 25.0 | 15.5 | -9.5 | 1.30% | 2023-12-31 |
| BARINGS BDC, INC. | Waccamaw River LLC, Member Interest | — | N/A | — | — | — | — | — | 15.5 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | MVC Automotive Group Gmbh, Automotive, Common Equity interest | — | N/A | — | — | — | — | 9.6 | 15.4 | +5.9 | 1.30% | 2023-12-31 |
| BARINGS BDC, INC. | MVC Automotive Group GmbH, Common Equity Interest | — | N/A | — | — | — | — | — | 15.4 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Trident Maritime Systems, Inc., Aerospace & Defense, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 15.8 | 15.6 | 15.4 | -0.2 | 1.30% | 2023-12-31 |
| BARINGS BDC, INC. | Flexential Issuer, LLC, Structured Secured Note - Class C | — | Fixed | 6.90% | — | — | 16.0 | 14.9 | 15.3 | +0.5 | 1.30% | 2024-12-31 |
| BARINGS BDC, INC. | Solo Buyer, L.P., Technology, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +625bps | 15.5 | 15.2 | 15.1 | -0.0 | 1.30% | 2023-12-31 |
| BARINGS BDC, INC. | Bridger Aerospace Group Holdings, LLC, Environmental Industries, Preferred Stock- Series A | — | N/A | — | — | — | — | 15.6 | 15.0 | -0.5 | 1.30% | 2023-12-31 |
| BARINGS BDC, INC. | Solo Buyer, L.P., First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +625bps | 15.3 | 15.0 | 14.8 | -0.2 | 1.20% | 2024-12-31 |
| BARINGS BDC, INC. | Safety Products Holdings, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 14.8 | 14.7 | 14.8 | +0.1 | 1.20% | 2024-12-31 |
| Barings BDC, Inc. | Solo Buyer, L.P. | First Lien | Floating | 10.00% | — | +625bps | 15.2 | 14.9 | 14.8 | -0.1 | 1.30% | 2025-12-31 |
| BARINGS BDC, INC. | Spatial Business Systems LLC, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +550bps | 14.9 | 14.7 | 14.7 | +0.0 | 1.20% | 2024-12-31 |
| Barings BDC, Inc. | Heartland Veterinary Partners, LLC | Subordinated | PIK Only | — | 11.00% | — | 15.6 | 15.5 | 14.7 | -0.8 | 1.30% | 2025-12-31 |
| BARINGS BDC, INC. | Bridger Aerospace Group Holdings, LLC, Preferred Stock- Series C | — | N/A | — | — | — | — | 16.7 | 14.6 | -2.1 | 1.20% | 2024-12-31 |
| BARINGS BDC, INC. | PDQ.Com Corporation, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +475bps | 14.8 | 14.6 | 14.5 | -0.0 | 1.20% | 2024-12-31 |
| BARINGS BDC, INC. | Dwyer Instruments, Inc., Electric, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +575bps | 14.8 | 14.6 | 14.5 | -0.1 | 1.20% | 2023-12-31 |
| Barings BDC, Inc. | Dwyer Instruments, Inc. | First Lien | Floating | 8.40% | — | +475bps | 14.5 | 14.3 | 14.5 | +0.2 | 1.20% | 2025-12-31 |
| BARINGS BDC, INC. | British Engineering Services Holdco Limited, First Lien Senior Secured Term Loan | — | Floating | 12.70% | — | +700bps | 14.6 | 15.5 | 14.5 | -1.1 | 1.20% | 2024-12-31 |
| BARINGS BDC, INC. | Dwyer Instruments, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +475bps | 14.6 | 14.4 | 14.4 | +0.0 | 1.20% | 2024-12-31 |
| BARINGS BDC, INC. | Trident Maritime Systems, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +550bps | 15.3 | 15.2 | 14.4 | -0.8 | 1.20% | 2024-12-31 |
| BARINGS BDC, INC. | British Engineering Services Holdco Limited, Commercial Services & Supplies, First Lien Senior Secured Term Loan | — | Floating | 11.90% | — | +700bps | 14.6 | 15.2 | 14.4 | -0.8 | 1.20% | 2023-12-31 |
| Barings BDC, Inc. | Caldwell & Gregory LLC | First Lien | Floating | 8.40% | — | +475bps | 14.4 | 14.3 | 14.3 | +0.1 | 1.20% | 2025-12-31 |
| Barings BDC, Inc. | MVC Automotive Group GmbH | Equity | N/A | — | — | — | — | 23.2 | 14.1 | -9.0 | 1.20% | 2025-12-31 |
| BARINGS BDC, INC. | CGI Parent, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.10% | — | +450bps | 14.0 | 13.8 | 14.0 | +0.2 | 1.20% | 2024-12-31 |
| BARINGS BDC, INC. | Basin Innovation Group, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 14.2 | 14.0 | 13.9 | -0.0 | 1.20% | 2024-12-31 |
| Barings BDC, Inc. | British Engineering Services Holdco Limited | First Lien | PIK Toggle | 8.50% | 3.80% | +400bps | 16.3 | 16.1 | 13.9 | -2.1 | 1.20% | 2025-12-31 |
| BARINGS BDC, INC. | OSP Hamilton Purchaser, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.80% | — | +525bps | 14.1 | 13.9 | 13.9 | +0.0 | 1.20% | 2024-12-31 |
| BARINGS BDC, INC. | World 50, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +575bps | 13.9 | 13.6 | 13.8 | +0.1 | 1.20% | 2024-12-31 |
| Barings BDC, Inc. | World 50, Inc. | First Lien | Floating | 8.70% | — | +450bps | 13.8 | 13.5 | 13.8 | +0.2 | 1.20% | 2025-12-31 |
| BARINGS BDC, INC. | MVC Automotive Group GmbH, Common Equity Interest | — | N/A | — | — | — | — | 19.2 | 13.7 | -5.4 | 1.20% | 2024-12-31 |
| BARINGS BDC, INC. | Springbrook Software (SBRK Intermediate, Inc.), Enterprise Software & Services, First Lien Senior Secured Term Loan 1 | — | Floating | 11.00% | — | +575bps | 13.8 | 13.6 | 13.7 | +0.1 | 1.10% | 2023-12-31 |
| Barings BDC, Inc. | Five Star Holding LLC | Second Lien | Floating | 11.10% | — | +725bps | 13.7 | 13.5 | 13.7 | +0.2 | 1.20% | 2025-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital Holdings LLC, Revolver, Unfunded | — | N/A | — | — | — | — | — | 13.6 | — | — | 2021-06-30 |
| BARINGS BDC, INC. | TAPCO Buyer LLC, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 13.8 | 13.5 | 13.5 | -0.0 | 1.10% | 2024-12-31 |
| Barings BDC, Inc. | CGI Parent, LLC | First Lien | Floating | 8.40% | — | +450bps | 13.5 | 13.4 | 13.5 | +0.2 | 1.20% | 2025-12-31 |
| Barings BDC, Inc. | Saab Purchaser, Inc. | First Lien | Floating | 8.40% | — | +475bps | 13.6 | 13.5 | 13.5 | -0.0 | 1.20% | 2025-12-31 |
| BARINGS BDC, INC. | SBP Holdings LP, Industrial Other, First Lien Senior Secured Term Loan | — | Floating | 12.10% | — | +675bps | 13.7 | 13.3 | 13.4 | +0.2 | 1.10% | 2023-12-31 |
| Barings BDC, Inc. | Napa Bidco Pty Ltd | First Lien | Floating | 8.70% | — | +500bps | 13.4 | 14.3 | 13.4 | -0.9 | 1.20% | 2025-12-31 |
| BARINGS BDC, INC. | Five Star Holding LLC, Packaging, Second Lien Senior Secured Term Loan | — | Floating | 12.60% | — | +725bps | 13.7 | 13.5 | 13.4 | -0.1 | 1.10% | 2023-12-31 |
| BARINGS BDC, INC. | BPG Holdings IV Corp, Capital Goods, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 14.3 | 13.5 | 13.4 | -0.1 | 1.10% | 2023-12-31 |
| BARINGS BDC, INC. | CM Acquisitions Holdings Inc., Internet & Direct Marketing, First Lien Senior Secured Term Loan 1 | — | Floating | 10.20% | — | +500bps | 13.7 | 13.7 | 13.4 | -0.3 | 1.10% | 2023-12-31 |
| BARINGS BDC, INC. | Thompson Rivers LLC, Investment Funds & Vehicles, Member Interest | — | N/A | — | — | — | — | 28.9 | 13.4 | -15.5 | 1.10% | 2023-12-31 |
| BARINGS BDC, INC. | Thompson Rivers LLC, Member Interest | — | N/A | — | — | — | — | — | 13.4 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Command Alkon (Project Potter Buyer, LLC), Software, First Lien Senior Secured Term Loan 1 | — | Floating | 12.10% | — | +675bps | 13.5 | 13.2 | 13.3 | +0.1 | 1.10% | 2023-12-31 |
| Barings BDC, Inc. | PDQ.Com Corporation | First Lien | Floating | 8.40% | — | +475bps | 13.3 | 13.2 | 13.3 | +0.0 | 1.10% | 2025-12-31 |
| Barings BDC, Inc. | Vital Buyer, LLC | First Lien | Floating | 8.30% | — | +450bps | 13.3 | 13.2 | 13.2 | +0.1 | 1.10% | 2025-12-31 |
| BARINGS BDC, INC. | Five Star Holding LLC, Second Lien Senior Secured Term Loan | — | Floating | 11.80% | — | +725bps | 13.7 | 13.5 | 13.2 | -0.3 | 1.10% | 2024-12-31 |
| BARINGS BDC, INC. | Flexential Issuer, LLC, Information Technology, Structured Secured Note - Class C | — | Fixed | 6.90% | — | — | 16.0 | 14.9 | 13.2 | -1.7 | 1.10% | 2023-12-31 |
| BARINGS BDC, INC. | Kid Distro Holdings, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +475bps | 13.2 | 13.1 | 13.2 | +0.1 | 1.10% | 2024-12-31 |
| Barings BDC, Inc. | AD Bidco, Inc. | First Lien | Floating | 9.00% | — | +525bps | 13.1 | 12.9 | 13.1 | +0.3 | 1.10% | 2025-12-31 |
| Barings BDC, Inc. | Kid Distro Holdings, LLC | First Lien | Floating | 9.20% | — | +475bps | 13.0 | 13.0 | 13.0 | +0.1 | 1.10% | 2025-12-31 |
| BARINGS BDC, INC. | Comply365, LLC, Technology, First Lien Senior Secured Term Loan 1 | — | Floating | 10.40% | — | +500bps | 13.3 | 13.1 | 13.0 | -0.1 | 1.10% | 2023-12-31 |
| BARINGS BDC, INC. | UHY Advisors, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +475bps | 13.2 | 13.0 | 13.0 | -0.0 | 1.10% | 2024-12-31 |
| BARINGS BDC, INC. | CGI Parent, LLC, Business Equipment & Services, First Lien Senior Secured Term Loan 1 | — | Floating | 11.30% | — | +575bps | 13.2 | 13.0 | 13.0 | +0.0 | 1.10% | 2023-12-31 |
| Barings BDC, Inc. | Accurus Aerospace Corporation | First Lien | Floating | 8.80% | — | +475bps | 13.1 | 13.0 | 13.0 | -0.0 | 1.10% | 2025-12-31 |
| BARINGS BDC, INC. | SmartShift Group, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 12.9 | 12.7 | 12.9 | +0.2 | 1.10% | 2024-12-31 |
| BARINGS BDC, INC. | OSP Hamilton Purchaser, LLC, Technology, First Lien Senior Secured Term Loan 1 | — | Floating | 11.50% | — | +600bps | 13.2 | 13.0 | 12.9 | -0.0 | 1.10% | 2023-12-31 |
| BARINGS BDC, INC. | Gojo Industries, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.80% | — | +950bps | 13.2 | 12.9 | 12.9 | +0.0 | 1.10% | 2024-12-31 |
| BARINGS BDC, INC. | Heartland Veterinary Partners, LLC, Subordinated Term Loan | — | N/A | — | — | — | 14.0 | 13.8 | 12.9 | -1.0 | 1.10% | 2024-12-31 |
| Barings BDC, Inc. | Whitcraft Holdings, Inc. | First Lien | Floating | 8.70% | — | +500bps | 13.0 | 12.8 | 12.8 | +0.1 | 1.10% | 2025-12-31 |
| BARINGS BDC, INC. | Superjet Buyer, LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 12.9 | 12.7 | 12.8 | +0.1 | 1.10% | 2023-12-31 |
| Barings BDC, Inc. | NAW Buyer LLC | First Lien | Floating | 8.40% | — | +475bps | 12.9 | 12.6 | 12.8 | +0.2 | 1.10% | 2025-12-31 |
| Barings BDC, Inc. | SmartShift Group, Inc. | First Lien | Floating | 8.60% | — | +500bps | 12.8 | 12.6 | 12.8 | +0.2 | 1.10% | 2025-12-31 |
| BARINGS BDC, INC. | ITI Intermodal, Inc., Transportation Services, First Lien Senior Secured Term Loan | — | Floating | 12.00% | — | +650bps | 13.0 | 12.7 | 12.8 | +0.1 | 1.10% | 2023-12-31 |
| BARINGS BDC, INC. | RA Outdoors, LLC, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +675bps | 13.8 | 13.5 | 12.7 | -0.8 | 1.10% | 2024-12-31 |
| BARINGS BDC, INC. | RA Outdoors, LLC, High Tech Industries, First Lien Senior Secured Term Loan | — | Floating | 12.00% | — | +675bps | 12.9 | 12.7 | 12.7 | +0.1 | 1.10% | 2023-12-31 |
| BARINGS BDC, INC. | The Cleaver-Brooks Company, Inc., Capital Equipment, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 12.7 | 12.5 | 12.7 | +0.2 | 1.10% | 2023-12-31 |
| Barings BDC, Inc. | Trident Maritime Systems, Inc. | First Lien | PIK Toggle | 4.80% | 6.80% | +100bps | 14.4 | 14.3 | 12.6 | -1.7 | 1.10% | 2025-12-31 |
| BARINGS BDC, INC. | BPG Holdings IV Corp, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +600bps | 14.1 | 13.4 | 12.6 | -0.9 | 1.10% | 2024-12-31 |
| Barings BDC, Inc. | Randys Holdings, Inc. | First Lien | Floating | 8.70% | — | +500bps | 12.7 | 12.5 | 12.6 | +0.1 | 1.10% | 2025-12-31 |
| Barings BDC, Inc. | Northstar Recycling, LLC | First Lien | Floating | 8.30% | — | +465bps | 12.6 | 12.5 | 12.5 | +0.0 | 1.10% | 2025-12-31 |
| BARINGS BDC, INC. | USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.), First Lien Senior Secured Term Loan 1 | — | Floating | 10.50% | — | +575bps | 12.6 | 12.6 | 12.5 | -0.1 | 1.00% | 2024-12-31 |
| Barings BDC, Inc. | Gojo Industries, Inc. | First Lien | Floating | 12.60% | — | +875bps | 12.5 | 12.2 | 12.5 | +0.2 | 1.10% | 2025-12-31 |
| BARINGS BDC, INC. | Napa Bidco Pty Ltd, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 12.5 | 14.3 | 12.5 | -1.8 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | CAi Software, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +525bps | 12.5 | 12.3 | 12.5 | +0.1 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | Gojo Industries, Inc. ,Industrial Other,First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +500bps | 12.7 | 12.4 | 12.4 | -0.0 | 1.00% | 2023-12-31 |
| BARINGS BDC, INC. | WWEC Holdings III Corp, Capital Goods, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 12.3 | 12.1 | 12.3 | +0.2 | 1.00% | 2023-12-31 |
| Barings BDC, Inc. | UKFast Leaders Limited | First Lien | Floating | 11.10% | — | +725bps | 12.6 | 11.9 | 12.3 | +0.4 | 1.10% | 2025-12-31 |
| BARINGS BDC, INC. | Celebration Bidco, LLC, Common Stock | — | N/A | — | — | — | — | — | 12.2 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure ,LLC Units, Common Stock | — | N/A | — | — | — | — | 12.2 | 12.2 | +0.0 | 1.00% | 2023-12-31 |
| Barings BDC, Inc. | CloudOne Digital Corp. | First Lien | Floating | 9.20% | — | +500bps | 12.3 | 12.1 | 12.2 | +0.0 | 1.00% | 2025-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, LLC Units 1 | — | N/A | — | — | — | — | — | 12.2 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, LLC Units | — | N/A | — | — | — | — | 10.9 | 12.2 | +1.2 | 1.00% | 2023-12-31 |
| BARINGS BDC, INC. | Shelf Bidco Ltd, Second Out Term Loan | — | Floating | 9.60% | — | +500bps | 12.2 | 12.2 | 12.2 | -0.0 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | CM Acquisitions Holdings Inc., First Lien Senior Secured Term Loan | — | Floating | 7.80% | — | +600bps | 12.5 | 12.5 | 12.1 | -0.3 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | ITI Intermodal, Inc., First Lien Senior Secured Term Loan 2 | — | Floating | 10.80% | — | +650bps | 12.1 | 11.8 | 12.1 | +0.2 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | WWEC Holdings III Corp, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +575bps | 12.2 | 12.0 | 12.1 | +0.1 | 1.00% | 2024-12-31 |
| Barings BDC, Inc. | WWEC Holdings III Corp | First Lien | Floating | 8.70% | — | +500bps | 12.1 | 12.0 | 12.0 | +0.1 | 1.00% | 2025-12-31 |
| Barings BDC, Inc. | Shelf Bidco Ltd | Other | Floating | 8.90% | — | +500bps | 12.1 | 12.0 | 12.0 | +0.0 | 1.00% | 2025-12-31 |
| Barings BDC, Inc. | RKD Group, LLC | First Lien | Floating | 9.40% | — | +550bps | 12.2 | 12.0 | 12.0 | +0.0 | 1.00% | 2025-12-31 |
| Barings BDC, Inc. | ITI Intermodal, Inc. | First Lien | Floating | 10.20% | — | +650bps | 12.0 | 11.8 | 12.0 | +0.2 | 1.00% | 2025-12-31 |
| BARINGS BDC, INC. | FL Hawk Intermediate Holdings, Inc. (f.k.a. Fineline Technologies, Inc.), First Lien Senior Secured Term Loan | — | Floating | 9.10% | — | +450bps | 12.0 | 12.0 | 11.9 | -0.0 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | NAW Buyer LLC, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +575bps | 11.8 | 11.5 | 11.8 | +0.4 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | W2O Holdings, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +475bps | 11.9 | 11.8 | 11.8 | -0.0 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | Accurus Aerospace Corporation, Aerospace & Defense, First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +525bps | 12.1 | 12.0 | 11.8 | -0.2 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | EMI Porta Holdco LLC, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +575bps | 12.4 | 12.3 | 11.7 | -0.6 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | A.T. Holdings II LTD, Other Financial, First Lien Senior Secured Term Loan | — | Fixed | 14.30% | — | — | 12.5 | 12.5 | 11.7 | -0.8 | 1.00% | 2024-12-31 |
| Barings BDC, Inc. | G 3 Chickadee Purchaser, LLC | First Lien | Floating | 9.60% | — | +575bps | 11.9 | 11.7 | 11.7 | -0.0 | 1.00% | 2025-12-31 |
| BARINGS BDC, INC. | Accurus Aerospace Corporation, First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +575bps | 12.0 | 11.9 | 11.6 | -0.3 | 1.00% | 2024-12-31 |
| BARINGS BDC, INC. | Safety Products Holdings, LLC, Non-durable Consumer Goods, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +600bps | 11.8 | 11.7 | 11.6 | -0.1 | 1.00% | 2023-12-31 |
| Barings BDC, Inc. | Security Holdings B.V. | Subordinated | PIK Only | — | 3.10% | — | 11.6 | 11.6 | 11.6 | -0.0 | 1.00% | 2025-12-31 |
| Barings BDC, Inc. | Security Holdings B.V | Other | PIK Only | — | 3.10% | — | — | — | 11.6 | — | — | 2025-12-31 |
| BARINGS BDC, INC. | Spatial Business Systems LLC, Electric, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 11.7 | 11.4 | 11.5 | +0.1 | 1.00% | 2023-12-31 |
| Barings BDC, Inc. | CM Acquisitions Holdings Inc. | First Lien | PIK Toggle | 9.10% | 2.50% | +550bps | 11.5 | 11.4 | 11.5 | +0.0 | 1.00% | 2025-12-31 |
| BARINGS BDC, INC. | NAW Buyer LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 11.9 | 11.4 | 11.4 | +0.0 | 1.00% | 2023-12-31 |
| BARINGS BDC, INC. | Recovery Point Systems, Inc., Technology, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 11.4 | 11.3 | 11.4 | +0.1 | 1.00% | 2023-12-31 |
| Barings BDC, Inc. | Syniverse Holdings, Inc. | Preferred | PIK Only | — | 12.50% | — | — | 11.5 | 11.4 | -0.1 | 1.00% | 2025-12-31 |
| BARINGS BDC, INC. | HTI Technology & Industries, Electronic Component Manufacturing, First Lien Senior Secured Term Loan | — | Floating | 14.00% | — | +850bps | 11.4 | 11.3 | 11.4 | +0.0 | 0.90% | 2023-12-31 |
| Barings BDC, Inc. | BPG Holdings IV Corp | First Lien | PIK Toggle | 5.60% | 5.00% | +200bps | 14.5 | 14.0 | 11.3 | -2.7 | 1.00% | 2025-12-31 |
| BARINGS BDC, INC. | The Hilb Group, LLC, Insurance Brokerage, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +575bps | 11.4 | 11.3 | 11.3 | +0.1 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | Recovery Point Systems, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +600bps | 11.3 | 11.2 | 11.3 | +0.1 | 0.90% | 2024-12-31 |
| BARINGS BDC, INC. | Celebration Bidco, LLC, Common Stock | — | N/A | — | — | — | — | 12.2 | 11.3 | -0.9 | 0.90% | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Senior Subordinated Term Loan | — | N/A | — | — | — | — | — | 11.2 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Senior Subordinated Term Loan | — | N/A | — | — | — | 11.2 | 11.2 | 11.2 | +0.0 | 0.90% | 2024-12-31 |
| Barings BDC, Inc. | Recovery Point Systems, Inc. | First Lien | Floating | 9.80% | — | +575bps | 11.2 | 11.2 | 11.2 | +0.0 | 1.00% | 2025-12-31 |
| BARINGS BDC, INC. | EMI Porta Holdco LLC, Diversified Manufacturing, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +575bps | 12.5 | 12.4 | 11.2 | -1.2 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | HW Holdco, LLC (Hanley Wood LLC), First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +575bps | 11.1 | 11.1 | 11.1 | +0.0 | 0.90% | 2024-12-31 |
| BARINGS BDC, INC. | UKFast Leaders Limited, First Lien Senior Secured Term Loan | — | Floating | 12.30% | — | +725bps | 11.7 | 11.9 | 11.0 | -0.8 | 0.90% | 2024-12-31 |
| Barings BDC, Inc. | CTI Foods Holdings Co., LLC | First Lien | Floating | 12.00% | — | +786bps | 11.0 | 10.8 | 11.0 | +0.2 | 0.90% | 2025-12-31 |
| BARINGS BDC, INC. | Heartland Veterinary Partners, LLC, Healthcare, Subordinated Term Loan 1 | — | N/A | — | — | — | 12.5 | 12.3 | 11.0 | -1.3 | 0.90% | 2023-12-31 |
| Barings BDC, Inc. | EMI Porta Holdco LLC | First Lien | Floating | 9.60% | — | +575bps | 12.0 | 11.9 | 11.0 | -1.0 | 0.90% | 2025-12-31 |
| Barings BDC, Inc. | WEST-NR ACQUISITIONCO, LLC | First Lien | Floating | 8.80% | — | +500bps | 10.9 | 10.7 | 10.9 | +0.2 | 0.90% | 2025-12-31 |
| BARINGS BDC, INC. | Randys Holdings, Inc., First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +625bps | 11.0 | 10.8 | 10.9 | +0.1 | 0.90% | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Senior Subordinated Term Loan, Controlled | — | N/A | — | — | — | — | — | 10.9 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Senior Subordinated Term Loan | — | N/A | — | — | — | — | — | 10.9 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Electrical Engineering, Senior Subordinated Term Loan | — | N/A | — | — | — | 10.9 | 10.9 | 10.9 | +0.0 | 0.90% | 2023-12-31 |
| Barings BDC, Inc. | ICREDITWORKS LLC | Preferred | PIK Toggle | 10.00% | 7.50% | — | — | 10.8 | 10.8 | +0.0 | 0.90% | 2025-12-31 |
| BARINGS BDC, INC. | M-Personal Protection Management GMBH (f.k.a INOS 19-090 GmbH), First Lien Senior Secured Term Loan | — | Floating | 8.10% | — | +538bps | 11.1 | 11.4 | 10.8 | -0.6 | 0.90% | 2024-12-31 |
| BARINGS BDC, INC. | HW Holdco, LLC (Hanley Wood LLC), Advertising, First Lien Senior Secured Term Loan 1 | — | Floating | 11.80% | — | +625bps | 11.2 | 11.1 | 10.8 | -0.3 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | UKFast Leaders Limited, Technology, First Lien Senior Secured Term Loan | — | Floating | 4.50% | — | +450bps | 11.9 | 11.8 | 10.8 | -1.0 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | Waccamaw River LLC, Member Interest | — | N/A | — | — | — | — | 22.9 | 10.7 | -12.2 | 0.90% | 2024-12-31 |
| BARINGS BDC, INC. | Waccamaw River LLC, Member Interest | — | N/A | — | — | — | — | — | 10.7 | — | — | 2024-12-31 |
| Barings BDC, Inc. | BNI Global, LLC | First Lien | Floating | 7.40% | — | +550bps | 10.6 | 9.7 | 10.6 | +0.9 | 0.90% | 2025-12-31 |
| BARINGS BDC, INC. | SN BUYER, LLC, Health Care Services, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +575bps | 10.7 | 10.6 | 10.6 | -0.0 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | GB Eagle Buyer, Inc., Capital Goods, First Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +625bps | 10.6 | 10.4 | 10.6 | +0.2 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Senior Subordinated Term Loan, Controlled | — | N/A | — | — | — | — | — | 10.5 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Magnetite XIX, Limited, Subordinated Notes | — | Floating | 13.70% | — | +903bps | 10.5 | 10.4 | 10.5 | +0.1 | 0.90% | 2024-12-31 |
| BARINGS BDC, INC. | Smartling, Inc., Technology, First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +450bps | 10.6 | 10.4 | 10.5 | +0.0 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | Marshall Excelsior Co., Capital Goods, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +550bps | 10.8 | 10.7 | 10.5 | -0.2 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | Smartling, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.00% | — | +450bps | 10.4 | 10.3 | 10.4 | +0.1 | 0.90% | 2024-12-31 |
| BARINGS BDC, INC. | HTI Technology & Industries, First Lien Senior Secured Term Loan | — | Floating | 13.50% | — | +850bps | 11.1 | 11.1 | 10.4 | -0.6 | 0.90% | 2024-12-31 |
| BARINGS BDC, INC. | Electrical Components International, Inc., First Lien Senior Secured Term Loan | — | Floating | 11.30% | — | +650bps | 10.6 | 10.4 | 10.4 | -0.0 | 0.90% | 2024-12-31 |
| Barings BDC, Inc. | HTI Technology & Industries | First Lien | Floating | 12.50% | — | +850bps | 11.1 | 11.1 | 10.4 | -0.7 | 0.90% | 2025-12-31 |
| BARINGS BDC, INC. | Team Car Care, LLC, Automotive, First Lien Senior Secured Term Loan | — | Floating | 13.10% | — | +750bps | 10.5 | 10.5 | 10.4 | -0.1 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | Transportation Insight, LLC, Air Freight & Logistics, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +450bps | 11.1 | 11.1 | 10.3 | -0.8 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | PDQ.Com Corporation, Business Equipment & Services, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +521bps | 10.3 | 10.1 | 10.3 | +0.2 | 0.90% | 2023-12-31 |
| BARINGS BDC, INC. | THG Acquisition, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +475bps | 10.3 | 10.2 | 10.2 | -0.0 | 0.90% | 2024-12-31 |
| Barings BDC, Inc. | HW Holdco, LLC (Hanley Wood LLC) | First Lien | Floating | 9.80% | — | +575bps | 10.1 | 10.1 | 10.1 | +0.0 | 0.90% | 2025-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital Holdings LLC, Revolver, Funded | — | N/A | — | — | — | — | — | 10.1 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | AD Bidco, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +525bps | 10.1 | 9.8 | 10.1 | +0.3 | 0.80% | 2024-12-31 |
| BARINGS BDC, INC. | LeadsOnline, LLC, Business Equipment & Services, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +575bps | 10.2 | 10.1 | 10.1 | +0.0 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Revolver 1 | — | Floating | 11.90% | — | +725bps | 10.1 | 10.0 | 10.1 | +0.1 | 0.80% | 2024-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Revolver | — | Floating | 11.90% | — | +725bps | — | — | 10.1 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Syniverse Holdings, Inc., Series A Preferred Equity | — | N/A | — | — | — | — | 10.2 | 10.1 | -0.1 | 0.80% | 2024-12-31 |
| BARINGS BDC, INC. | LeadsOnline, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +475bps | 10.1 | 10.0 | 10.0 | +0.1 | 0.80% | 2024-12-31 |
| Barings BDC, Inc. | Premium Franchise Brands, LLC | First Lien | Floating | 9.60% | — | +575bps | 10.1 | 10.1 | 10.0 | -0.0 | 0.90% | 2025-12-31 |
| Barings BDC, Inc. | LeadsOnline, LLC | First Lien | Floating | 8.20% | — | +450bps | 10.0 | 9.9 | 9.9 | +0.0 | 0.90% | 2025-12-31 |
| Barings BDC, Inc. | Eclipse Business Capital, LLC | Revolver | Floating | 10.30% | — | +650bps | 9.9 | 9.9 | 9.9 | +0.1 | 0.90% | 2025-12-31 |
| BARINGS BDC, INC. | Randys Holdings, Inc., Automobile Manufacturers. First Lien Senior Secured Term Loan | — | Floating | 11.90% | — | +650bps | 10.1 | 9.8 | 9.9 | +0.1 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | Wheels Up Experience Inc, Transportation Services, First Lien Senior Secured Term Loan | — | Fixed | 12.00% | — | — | 10.7 | 10.4 | 9.9 | -0.5 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.), Legal Services, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 10.2 | 10.1 | 9.9 | -0.2 | 0.80% | 2023-12-31 |
| Barings BDC, Inc. | Premium Invest | First Lien | Floating | 7.80% | — | +575bps | 9.9 | 8.9 | 9.8 | +0.9 | 0.80% | 2025-12-31 |
| Barings BDC, Inc. | RA Outdoors, LLC | First Lien | PIK Only | — | 11.10% | +675bps | 15.2 | 15.0 | 9.8 | -5.2 | 0.80% | 2025-12-31 |
| Barings BDC, Inc. | Median B.V. | First Lien | Floating | 9.80% | — | +593bps | 10.0 | 10.0 | 9.8 | -0.2 | 0.80% | 2025-12-31 |
| BARINGS BDC, INC. | MVC Automotive Group Gmbh, Automotive, Bridge Loan | — | Fixed | 4.50% | — | — | 9.8 | 9.8 | 9.8 | +0.0 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | MVC Automotive Group GmbH, Bridge Loan | — | Fixed | 4.50% | — | — | — | — | 9.8 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | MVC Automotive Group GmbH, Common Equity Interest | — | N/A | — | — | — | — | — | 9.7 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Team Services Group, Services: Consumer, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +500bps | 9.7 | 9.7 | 9.6 | -0.1 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | BVI Medical, Inc., Healthcare, Second Lien Senior Secured Term Loan | — | Floating | 13.40% | — | +950bps | 10.2 | 9.5 | 9.5 | +0.0 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | Graphpad Software, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +475bps | 9.5 | 9.5 | 9.5 | +0.0 | 0.80% | 2024-12-31 |
| BARINGS BDC, INC. | REP SEKO MERGER SUB LLC, Air Freight & Logistics, First Lien Senior Secured Term Loan 1 | — | Floating | 8.90% | — | +500bps | 9.8 | 9.2 | 9.5 | +0.3 | 0.80% | 2023-12-31 |
| Barings BDC, Inc. | TAPCO Buyer LLC | First Lien | Floating | 8.20% | — | +450bps | 9.6 | 9.5 | 9.5 | +0.0 | 0.80% | 2025-12-31 |
| BARINGS BDC, INC. | BVI Medical, Inc., Second Lien Senior Secured Term Loan | — | Floating | 12.80% | — | +950bps | 9.6 | 9.6 | 9.5 | -0.1 | 0.80% | 2024-12-31 |
| Barings BDC, Inc. | Xeinadin Bidco Limited | First Lien | Floating | 9.50% | — | +550bps | 9.5 | 8.7 | 9.5 | +0.8 | 0.80% | 2025-12-31 |
| Barings BDC, Inc. | Echo Global Logistics, Inc. | Second Lien | Floating | 11.00% | — | +725bps | 9.5 | 9.4 | 9.4 | +0.1 | 0.80% | 2025-12-31 |
| BARINGS BDC, INC. | Echo Global Logistics, Inc., Second Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +700bps | 9.5 | 9.4 | 9.4 | +0.1 | 0.80% | 2024-12-31 |
| Barings BDC, Inc. | Safety Products Holdings, LLC | First Lien | Floating | 8.60% | — | +475bps | 9.4 | 9.4 | 9.4 | +0.0 | 0.80% | 2025-12-31 |
| BARINGS BDC, INC. | Anju Software, Inc. Application Software, First Lien Senior Secured Term Loan | — | N/A | — | — | — | 13.3 | 13.3 | 9.4 | -3.9 | 0.80% | 2023-12-31 |
| Barings BDC, Inc. | FSS Buyer LLC | First Lien | Floating | 8.20% | — | +450bps | 9.3 | 9.3 | 9.3 | +0.0 | 0.80% | 2025-12-31 |
| BARINGS BDC, INC. | SmartShift Group, Inc., Technology, First Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +625bps | 9.6 | 9.3 | 9.3 | -0.0 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | BNI Global, LLC, First Lien Senior Secured Term Loan | — | Floating | 8.50% | — | +550bps | 9.4 | 9.7 | 9.3 | -0.4 | 0.80% | 2024-12-31 |
| BARINGS BDC, INC. | Ruffalo Noel Levitz, LLC, Media Services, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 9.6 | 9.6 | 9.2 | -0.3 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 2 | — | N/A | — | — | — | — | — | 9.1 | — | — | 2022-12-31 |
| Barings BDC, Inc. | Perimeter Master Note Business Trust | Other | Fixed | 11.40% | — | — | 9.3 | 9.3 | 9.1 | -0.1 | 0.80% | 2025-12-31 |
| BARINGS BDC, INC. | GB Eagle Buyer, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +625bps | 9.2 | 9.0 | 9.1 | +0.1 | 0.80% | 2024-12-31 |
| BARINGS BDC, INC. | Kid Distro Holdings, LLC, Media & Entertainment, First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +550bps | 9.2 | 9.0 | 9.1 | +0.1 | 0.80% | 2023-12-31 |
| Barings BDC, Inc. | ROI Solutions LLC | First Lien | Floating | 8.70% | — | +500bps | 9.2 | 9.0 | 9.1 | +0.0 | 0.80% | 2025-12-31 |
| BARINGS BDC, INC. | ZB Holdco LLC, First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +550bps | 9.2 | 9.1 | 9.1 | -0.0 | 0.80% | 2024-12-31 |
| BARINGS BDC, INC. | ASC Communications, LLC, Media & Entertainment, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +475bps | 9.1 | 9.0 | 9.0 | +0.0 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | Premium Invest, Brokerage, Asset Managers & Exchanges, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +650bps | 9.3 | 8.8 | 9.0 | +0.2 | 0.80% | 2023-12-31 |
| Barings BDC, Inc. | LHS Borrower, LLC | First Lien | Floating | 9.20% | — | +525bps | 9.1 | 9.0 | 9.0 | +0.0 | 0.80% | 2025-12-31 |
| BARINGS BDC, INC. | Arch Global Precision LLC, Industrial Machinery, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +475bps | 9.1 | 9.1 | 9.0 | -0.1 | 0.80% | 2023-12-31 |
| BARINGS BDC, INC. | Median B.V., First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +593bps | 9.3 | 9.9 | 9.0 | -0.9 | 0.80% | 2024-12-31 |
| Barings BDC, Inc. | Celebration Bidco, LLC | Equity | N/A | — | — | — | — | 12.2 | 8.9 | -3.3 | 0.80% | 2025-12-31 |
| Barings BDC, Inc. | Hydratech Holdings, Inc. | First Lien | Floating | 8.90% | — | +525bps | 9.0 | 8.9 | 8.9 | -0.0 | 0.80% | 2025-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Structured Secured Note - Class E | — | Fixed | 11.40% | — | — | 9.3 | 9.3 | 8.9 | -0.4 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | Echo Global Logistics, Inc., Air Transportation, Second Lien Senior Secured Term Loan | — | Floating | 12.50% | — | +700bps | 9.5 | 9.3 | 8.8 | -0.5 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | Fortis Payment Systems, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +525bps | 8.9 | 8.8 | 8.8 | -0.0 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | Syniverse Holdings, Inc., Technology Distributors, Series A Preferred Equity | — | N/A | — | — | — | — | 9.0 | 8.8 | -0.2 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | Arch Global Precision LLC, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +475bps | 9.0 | 9.0 | 8.8 | -0.2 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | World 50, Inc., Professional Services, First Lien Senior Secured Term Loan 2 | — | Floating | 10.10% | — | +450bps | 8.8 | 8.7 | 8.8 | +0.0 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | Premium Invest, First Lien Senior Secured Term Loan | — | Floating | 9.10% | — | +575bps | 8.8 | 8.9 | 8.8 | -0.1 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, First Lien Senior Secured Term Loan | — | Floating | 13.10% | — | +775bps | 9.0 | 9.0 | 8.7 | -0.3 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | SBP Holdings LP, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 8.7 | 8.4 | 8.6 | +0.2 | 0.70% | 2024-12-31 |
| Barings BDC, Inc. | SBP Holdings LP | First Lien | Floating | 8.70% | — | +500bps | 8.6 | 8.4 | 8.6 | +0.2 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | Xeinadin Bidco Limited, First Lien Senior Secured Term Loan 2 | — | Floating | 10.00% | — | +525bps | 8.8 | 8.7 | 8.6 | -0.1 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | Median B.V., Healthcare, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 9.5 | 9.8 | 8.6 | -1.3 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | Whitcraft Holdings, Inc., First Lien Senior Secured Term Loan 3 | — | Floating | 11.10% | — | +650bps | 8.5 | 8.3 | 8.5 | +0.3 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | Transportation Insight, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.20% | — | +450bps | 11.1 | 11.0 | 8.5 | -2.5 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class E | — | Fixed | 11.40% | — | — | 9.3 | 9.3 | 8.5 | -0.8 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | A.T. Holdings II LTD, First Lien Senior Secured Term Loan | — | Fixed | 6.70% | — | — | 12.9 | 11.9 | 8.5 | -3.4 | 0.70% | 2024-12-31 |
| Barings BDC, Inc. | Long Term Care Group, Inc. | First Lien | Floating | 10.10% | — | +600bps | 8.8 | 8.7 | 8.5 | -0.2 | 0.70% | 2025-12-31 |
| Barings BDC, Inc. | Celebration Bidco, LLC | First Lien | PIK Only | — | 11.70% | +800bps | 8.7 | 8.7 | 8.5 | -0.2 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | Kona Buyer, LLC, High Tech Industries, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +475bps | 8.4 | 8.3 | 8.4 | +0.1 | 0.70% | 2023-12-31 |
| Barings BDC, Inc. | GB Eagle Buyer, Inc. | First Lien | Floating | 8.20% | — | +450bps | 8.5 | 8.4 | 8.4 | +0.0 | 0.70% | 2025-12-31 |
| Barings BDC, Inc. | Arch Global Precision LLC | First Lien | Floating | 8.50% | — | +475bps | 8.9 | 8.9 | 8.4 | -0.5 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | Tencarva Machinery Company, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.80% | — | +500bps | 8.5 | 8.4 | 8.4 | -0.0 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | Whitcraft Holdings, Inc., Aerospace & Defense, First Lien Senior Secured Term Loan | — | Floating | 12.30% | — | +700bps | 8.6 | 8.3 | 8.3 | +0.0 | 0.70% | 2023-12-31 |
| Barings BDC, Inc. | UHY Advisors, Inc. | First Lien | Floating | 8.60% | — | +475bps | 8.3 | 8.2 | 8.3 | +0.1 | 0.70% | 2025-12-31 |
| Barings BDC, Inc. | International Fleet Financing No.2 B.V. | Other | Fixed | 10.50% | — | — | 8.5 | 8.4 | 8.3 | -0.1 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | OA Buyer, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +475bps | 8.3 | 8.2 | 8.3 | +0.0 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | ATL II MRO Holdings Inc, Transportation, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 8.2 | 8.1 | 8.2 | +0.2 | 0.70% | 2023-12-31 |
| Barings BDC, Inc. | Bidwax | First Lien | Floating | 8.60% | — | +650bps | 8.2 | 8.2 | 8.2 | +0.0 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | Magnetite XIX, Limited, Multi-Sector Holdings, Subordinated Structured Notes | — | N/A | — | — | — | 13.7 | 9.0 | 8.2 | -0.8 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | Soho Square III Debtco II SARL, Diversified Capital Markets, First Lien Senior Secured Term Loan | — | N/A | — | — | — | 8.2 | 7.6 | 8.2 | +0.5 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | Royal Buyer, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +550bps | 8.1 | 8.0 | 8.1 | +0.1 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | BKF Buyer, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +500bps | 8.2 | 8.0 | 8.0 | +0.0 | 0.70% | 2024-12-31 |
| Barings BDC, Inc. | Turbo Buyer, Inc. | First Lien | Floating | 9.80% | — | +600bps | 8.1 | 8.1 | 8.0 | -0.1 | 0.70% | 2025-12-31 |
| Barings BDC, Inc. | BKF Buyer, Inc. | First Lien | Floating | 8.70% | — | +500bps | 8.1 | 8.0 | 8.0 | +0.0 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | Turbo Buyer, Inc., Finance Companies, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +600bps | 8.2 | 8.1 | 7.9 | -0.2 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | Tank Holding Corp, Metal & Glass Containers, First Lien Senior Secured Term Loan 1 | — | Floating | 11.20% | — | +575bps | 8.0 | 7.9 | 7.9 | +0.0 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | Omni Intermediate Holdings, LLC, Transportation, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +500bps | 8.3 | 8.3 | 7.9 | -0.4 | 0.70% | 2023-12-31 |
| BARINGS BDC, INC. | Accelerant Holdings, Preferred Stock | — | N/A | — | — | — | — | 7.8 | 7.8 | +0.0 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | Long Term Care Group, Inc., First Lien Senior Secured Term Loan | — | Floating | 8.10% | — | +327bps | 8.8 | 8.7 | 7.8 | -0.8 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., First Lien Senior Secured Term Loan 4 | — | Floating | 9.50% | — | +500bps | 8.0 | 7.8 | 7.8 | -0.0 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | Tank Holding Corp, First Lien Senior Secured Term Loan 1 | — | Floating | 10.20% | — | +575bps | 7.9 | 7.8 | 7.8 | -0.0 | 0.70% | 2024-12-31 |
| BARINGS BDC, INC. | Modern Star Holdings Bidco Pty Limited., Non-durable Consumer Goods, First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +550bps | 7.9 | 8.4 | 7.8 | -0.6 | 0.70% | 2023-12-31 |
| Barings BDC, Inc. | The Caprock Group, Inc. (aka TA/TCG Holdings, LLC) | First Lien | Floating | 8.50% | — | +475bps | 7.9 | 7.8 | 7.8 | +0.0 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | Turbo Buyer, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +600bps | 8.2 | 8.1 | 7.8 | -0.4 | 0.70% | 2024-12-31 |
| Barings BDC, Inc. | Tank Holding Corp | First Lien | Floating | 9.60% | — | +575bps | 7.8 | 7.7 | 7.7 | +0.0 | 0.70% | 2025-12-31 |
| Barings BDC, Inc. | Pro-Vision Solutions Holdings, LLC | First Lien | Floating | 8.20% | — | +450bps | 7.7 | 7.6 | 7.7 | +0.1 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | Bidwax, Non-durable Consumer Goods, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +650bps | 7.7 | 8.1 | 7.7 | -0.4 | 0.60% | 2023-12-31 |
| Barings BDC, Inc. | Basin Innovation Group, LLC | First Lien | Floating | 8.50% | — | +475bps | 7.7 | 7.6 | 7.7 | +0.1 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | Pro-Vision Solutions Holdings, LLC, First Lien Senior Secured Term Loan | — | Floating | 8.80% | — | +450bps | 7.8 | 7.7 | 7.7 | +0.0 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Air Comm Corporation, LLC, Aerospace & Defense, First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +500bps | 7.8 | 7.7 | 7.6 | -0.0 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | GMES LLC | First Lien | Floating | 8.90% | — | +525bps | 7.7 | 7.6 | 7.6 | +0.0 | 0.70% | 2025-12-31 |
| Barings BDC, Inc. | A.T. Holdings II LTD | First Lien | PIK Toggle | 6.70% | 7.60% | — | 14.0 | 11.9 | 7.5 | -4.3 | 0.70% | 2025-12-31 |
| BARINGS BDC, INC. | Vital Buyer, LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 7.5 | 7.4 | 7.5 | +0.1 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Premium Franchise Brands, LLC, Research & Consulting Services, First Lien Senior Secured Term Loan | — | Floating | 12.50% | — | +675bps | 7.6 | 7.5 | 7.5 | +0.0 | 0.60% | 2023-12-31 |
| Barings BDC, Inc. | Tencarva Machinery Company, LLC | First Lien | Floating | 8.60% | — | +475bps | 7.6 | 7.5 | 7.5 | +0.1 | 0.60% | 2025-12-31 |
| Barings BDC, Inc. | Comply365, LLC | First Lien | Floating | 8.90% | — | +500bps | 7.5 | 7.4 | 7.5 | +0.1 | 0.60% | 2025-12-31 |
| Barings BDC, Inc. | Modern Star Holdings Bidco Pty Limited | First Lien | Floating | 9.90% | — | +600bps | 7.4 | 8.2 | 7.4 | -0.8 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Hydratech Holdings, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 7.5 | 7.4 | 7.4 | +0.0 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Premium Franchise Brands, LLC, First Lien Senior Secured Term Loan 1 | — | Floating | 10.70% | — | +625bps | 7.5 | 7.4 | 7.4 | -0.0 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | SPATCO Energy Solutions, LLC | First Lien | Floating | 8.90% | — | +500bps | 7.5 | 7.3 | 7.4 | +0.0 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | ASC Communications, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +475bps | 7.3 | 7.3 | 7.3 | +0.1 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Next Holdco, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +575bps | 7.3 | 7.2 | 7.3 | +0.1 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Heavy Construction Systems Specialists, LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 7.3 | 7.2 | 7.3 | +0.1 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Subordinated Term Loan 2 | — | Fixed | 8.00% | — | — | 7.7 | 7.3 | 7.3 | -0.1 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | HemaSource, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +475bps | 7.3 | 7.1 | 7.3 | +0.2 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | Acclime Holdings HK Limited | First Lien | Floating | 10.30% | — | +623bps | 7.3 | 7.2 | 7.3 | +0.1 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Entact Environmental Services, Inc., Environmental Industries, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 7.2 | 7.2 | 7.2 | +0.1 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Vital Buyer, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +550bps | 7.3 | 7.2 | 7.2 | -0.0 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | Innovad Group II BV | First Lien | Floating | 6.70% | — | +475bps | 7.2 | 7.1 | 7.2 | +0.1 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Next Holdco, LLC,Technology,First Lien Senior Secured Term Loan | — | Floating | 11.30% | — | +600bps | 7.4 | 7.2 | 7.2 | -0.0 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Acogroup, Business Services, First Lien Senior Secured Term Loan | — | Floating | 8.60% | — | +465bps | 8.1 | 8.0 | 7.2 | -0.7 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Heavy Construction Systems Specialists, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +550bps | 7.2 | 7.1 | 7.2 | +0.1 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | Momentum Textiles, LLC | First Lien | Floating | 9.20% | — | +550bps | 7.3 | 7.2 | 7.2 | -0.0 | 0.60% | 2025-12-31 |
| Barings BDC, Inc. | Spatial Business Systems LLC | First Lien | Floating | 8.40% | — | +475bps | 7.3 | 7.2 | 7.2 | +0.0 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Thompson Rivers LLC, Member Interest | — | N/A | — | — | — | — | 22.9 | 7.2 | -15.7 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Thompson Rivers LLC, Member Interest | — | N/A | — | — | — | — | — | 7.2 | — | — | 2024-12-31 |
| Barings BDC, Inc. | SISU ACQUISITIONCO., INC. | First Lien | Floating | 9.00% | — | +525bps | 7.2 | 7.2 | 7.2 | -0.0 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 1 | — | Fixed | 14.40% | — | — | — | — | 7.2 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 3 | — | N/A | — | — | — | — | — | 7.2 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, Hotel, Gaming & Leisure, First Lien Senior Secured Term Loan 1 | — | N/A | — | — | — | 7.2 | 7.0 | 7.2 | +0.2 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Royal Buyer, LLC, Industrial Other, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 7.3 | 7.1 | 7.2 | +0.0 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | MVC Automotive Group GmbH, Bridge Loan | — | N/A | — | — | — | — | — | 7.1 | — | — | 2022-12-31 |
| Barings BDC, Inc. | Heavy Construction Systems Specialists, LLC | First Lien | Floating | 8.40% | — | +475bps | 7.1 | 7.1 | 7.1 | +0.1 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | 1WorldSync, Inc., IT Consulting & Other Services, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +500bps | 7.1 | 7.1 | 7.1 | +0.1 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | HemaSource, Inc., Healthcare., First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 7.3 | 7.1 | 7.1 | +0.0 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Bidwax, First Lien Senior Secured Term Loan | — | Floating | 9.20% | — | +640bps | 7.2 | 8.1 | 7.1 | -1.1 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | SSCP Pegasus Midco Limited | First Lien | Floating | 10.10% | — | +600bps | 7.1 | 6.8 | 7.1 | +0.3 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Questel Unite, First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +625bps | 7.1 | 7.0 | 7.1 | +0.0 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | 1WorldSync, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +475bps | 7.0 | 7.0 | 7.0 | +0.0 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Kene Acquisition, Inc. (En Engineering), Oil & Gas Equipment & Services, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +425bps | 7.1 | 7.0 | 7.0 | -0.0 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Modern Star Holdings Bidco Pty Limited., First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +600bps | 7.0 | 8.3 | 7.0 | -1.3 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | Security Holdings B.V. | Other | PIK Only | — | 5.00% | — | 7.0 | 7.0 | 7.0 | +0.0 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | SPATCO Energy Solutions, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 7.1 | 7.0 | 7.0 | +0.0 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | DISA Holdings Corp., First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 7.0 | 6.8 | 7.0 | +0.1 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | FL Hawk Intermediate Holdings, Inc. (f/k/a/ Fineline Technologies, Inc.) | First Lien | Floating | 8.20% | — | +450bps | 6.9 | 6.9 | 6.9 | -0.0 | 0.60% | 2025-12-31 |
| Barings BDC, Inc. | SCP CDH Buyer, Inc. | First Lien | Floating | 8.20% | — | +450bps | 7.0 | 6.9 | 6.9 | +0.0 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Music Reports, Inc., Media & Entertainment, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +600bps | 6.9 | 6.8 | 6.9 | +0.0 | 0.60% | 2023-12-31 |
| Barings BDC, Inc. | DISA Holdings Corp. | First Lien | Floating | 8.60% | — | +500bps | 6.9 | 6.8 | 6.9 | +0.1 | 0.60% | 2025-12-31 |
| Barings BDC, Inc. | Transportation Insight, LLC | First Lien | PIK Toggle | 8.30% | 1.00% | +450bps | 11.2 | 11.2 | 6.9 | -4.3 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure, Subordinated Term Loan | — | Fixed | 8.00% | — | — | 7.3 | 6.9 | 6.9 | -0.1 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Subordinated Term Loan 2 | — | N/A | — | — | — | — | — | 6.9 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Subordinated Term Loan | — | N/A | — | — | — | — | — | 6.9 | — | — | 2023-12-31 |
| Barings BDC, Inc. | Trintech, Inc. | First Lien | Floating | 9.20% | — | +550bps | 6.8 | 6.7 | 6.8 | +0.1 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Ruffalo Noel Levitz, LLC, First Lien Senior Secured Term Loan | — | Floating | 7.00% | — | +225bps | 9.9 | 9.9 | 6.8 | -3.1 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | Music Reports, Inc. | First Lien | Floating | 10.30% | — | +625bps | 6.9 | 6.9 | 6.8 | -0.1 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Trintech, Inc., Technology, First Lien Senior Secured Term Loan | — | Floating | 11.90% | — | +650bps | 7.0 | 6.8 | 6.8 | +0.0 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Trintech, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +550bps | 6.9 | 6.7 | 6.8 | +0.1 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Trystar, LLC, Power Distribution Solutions, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +525bps | 6.9 | 6.7 | 6.7 | +0.0 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Questel Unite, Business Services, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +625bps | 7.0 | 6.9 | 6.7 | -0.2 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | PowerGEM Buyer, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 6.8 | 6.8 | 6.7 | -0.1 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | ISTO Technologies II, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 6.7 | 6.6 | 6.7 | +0.1 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | Honour Lane Logistics Holdings Limited | First Lien | Floating | 8.70% | — | +485bps | 6.7 | 6.6 | 6.7 | +0.1 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Bridge Loan | — | N/A | — | — | — | — | — | 6.7 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Bridge Loan | — | N/A | — | — | — | 6.7 | 6.7 | 6.7 | +0.0 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Jade Bidco Limited (Jane's), Aerospace & Defense, First Lien Senior Secured Term Loan 2 | — | Floating | 10.60% | — | +525bps | 6.7 | 6.6 | 6.6 | +0.1 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Honour Lane Logistics Holdings Limited, First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +500bps | 6.7 | 6.5 | 6.6 | +0.1 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Entact Environmental Services, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +575bps | 6.7 | 6.7 | 6.6 | -0.0 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Music Reports, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +625bps | 6.9 | 6.9 | 6.6 | -0.2 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | ISTO Technologies II, LLC, Healthcare First Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +625bps | 6.8 | 6.6 | 6.6 | -0.0 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | Classic Collision (Summit Buyer, LLC), Auto Collision Repair Centers, First Lien Senior Secured Term Loan 1 | — | Floating | 11.30% | — | +575bps | 6.6 | 6.5 | 6.6 | +0.1 | 0.60% | 2023-12-31 |
| BARINGS BDC, INC. | SISU ACQUISITIONCO., INC., First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +575bps | 7.3 | 7.2 | 6.6 | -0.6 | 0.60% | 2024-12-31 |
| BARINGS BDC, INC. | Jade Bidco Limited (Jane's), First Lien Senior Secured Term Loan 2 | — | Floating | 9.80% | — | +525bps | 6.6 | 6.5 | 6.6 | +0.1 | 0.60% | 2024-12-31 |
| Barings BDC, Inc. | Amalfi Midco | Subordinated | PIK Toggle | 2.00% | 9.00% | — | 7.0 | 6.0 | 6.6 | +0.6 | 0.60% | 2025-12-31 |
| Barings BDC, Inc. | Haystack Holdings LLC | First Lien | Floating | 8.40% | — | +475bps | 6.6 | 6.5 | 6.6 | +0.1 | 0.60% | 2025-12-31 |
| Barings BDC, Inc. | Jade Bidco Limited (Jane's) | First Lien | Floating | 9.30% | — | +525bps | 6.5 | 6.5 | 6.5 | +0.1 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | ADB Safegate, Second Lien Senior Secured Term Loan | — | Floating | 13.70% | — | +925bps | 7.3 | 7.2 | 6.5 | -0.7 | 0.50% | 2024-12-31 |
| Barings BDC, Inc. | Rock Labor LLC | First Lien | Floating | 9.20% | — | +550bps | 6.5 | 6.3 | 6.5 | +0.1 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | SISU ACQUISITIONCO., INC., Aerospace & Defense, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 6.9 | 6.8 | 6.5 | -0.3 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Xeinadin Bidco Limited, Financial Other, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +525bps | 6.6 | 6.2 | 6.4 | +0.2 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Rock Labor LLC, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +550bps | 6.5 | 6.4 | 6.4 | +0.1 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Rock Labor LLC, Media: Diversified & Production, First Lien Senior Secured Term Loan | — | Floating | 12.90% | — | +750bps | 6.6 | 6.4 | 6.4 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Distinct Holdings, Inc., Systems Software, First Lien Senior Secured Term Loan | — | Floating | 12.00% | — | +650bps | 6.5 | 6.5 | 6.4 | -0.1 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Celebration Bidco, LLC, First Lien Senior Secured Term Loan | — | Floating | — | — | +800bps | 6.4 | 6.4 | 6.4 | +0.0 | 0.50% | 2024-12-31 |
| Barings BDC, Inc. | Armstrong Transport Group (Pele Buyer, LLC) | First Lien | Floating | 8.70% | — | +500bps | 6.5 | 6.5 | 6.4 | -0.1 | 0.60% | 2025-12-31 |
| BARINGS BDC, INC. | AIT Worldwide Logistics Holdings, Inc., Transportation Services, Second Lien Senior Secured Term Loan | — | Floating | 13.00% | — | +750bps | 6.5 | 6.4 | 6.4 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Innovad Group II BV, First Lien Senior Secured Term Loan 1 | — | Floating | 8.70% | — | +500bps | 6.4 | 7.1 | 6.4 | -0.7 | 0.50% | 2024-12-31 |
| Barings BDC, Inc. | Archimede | First Lien | Floating | 9.00% | — | +700bps | 6.9 | 6.5 | 6.4 | -0.2 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Accelerant Holdings, Class A Convertible Preferred Equity | — | N/A | — | — | — | — | 5.0 | 6.3 | +1.3 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | AVSC Holding Corp., Advertising, First Lien Senior Secured Term Loan 3 | — | Fixed | 5.00% | — | — | 6.2 | 6.2 | 6.3 | +0.2 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Bridge Loan, Controlled | — | N/A | — | — | — | — | — | 6.3 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Bridge Loan | — | N/A | — | — | — | — | — | 6.3 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Electrical Engineering, Bridge Loan | — | N/A | — | — | — | 6.3 | 6.3 | 6.3 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Express Wash Acquisition Company, LLC, Consumer Cyclical, First Lien Senior Secured Term Loan | — | Floating | 12.20% | — | +650bps | 6.4 | 6.3 | 6.3 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | MI OpCo Holdings, Inc., First Lien Senior Secured Term Loan | — | Floating | 11.80% | — | +725bps | 6.3 | 5.7 | 6.3 | +0.6 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Aquavista Watersides 2 LTD, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +600bps | 6.3 | 6.5 | 6.3 | -0.2 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Long Term Care Group, Inc., Healthcare, First Lien Senior Secured Term Loan | — | Floating | 6.30% | — | +100bps | 8.3 | 8.1 | 6.3 | -1.8 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Archimede, Consumer Services, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +650bps | 6.5 | 6.5 | 6.3 | -0.2 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | NF Holdco, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +650bps | 6.3 | 6.1 | 6.3 | +0.1 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | ZB Holdco LLC, Food & Beverage, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +600bps | 6.3 | 6.2 | 6.3 | +0.1 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Vision Solutions Inc., Second Lien Senior Secured Term Loan | — | Floating | 12.10% | — | +725bps | 6.5 | 6.5 | 6.3 | -0.2 | 0.50% | 2024-12-31 |
| Barings BDC, Inc. | Entact Environmental Services, Inc. | First Lien | Floating | 9.20% | — | +550bps | 6.2 | 6.2 | 6.2 | +0.0 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Tencarva Machinery Company, LLC, Capital Equipment, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +500bps | 6.3 | 6.2 | 6.2 | +0.0 | 0.50% | 2023-12-31 |
| Barings BDC, Inc. | AnalytiChem Holding GmbH | First Lien | Floating | 7.30% | — | +533bps | 6.3 | 5.8 | 6.2 | +0.5 | 0.50% | 2025-12-31 |
| Barings BDC, Inc. | Security Holdings B.V. | Revolver | Fixed | 6.00% | — | — | 6.2 | 5.8 | 6.2 | +0.4 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Celebration Bidco, LLC, Chemicals, Plastics, & Rubber, First Lien Senior Secured Term Loan | — | Floating | 13.30% | — | +800bps | 6.2 | 6.2 | 6.2 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Celebration Bidco, LLC, First Lien Senior Secured Term Loan 1 | — | Floating | 13.30% | — | +800bps | — | — | 6.2 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Celebration Bidco, LLC, First Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | 6.2 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | NF Holdco, LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 11.80% | — | +650bps | 6.3 | 6.2 | 6.2 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Innovad Group II BV, Beverage, Food & Tobacco, First Lien Senior Secured Term Loan 1 | — | Floating | 9.60% | — | +575bps | 6.5 | 6.8 | 6.2 | -0.6 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Honour Lane Logistics Holdings Limited, Transportation Services, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +500bps | 6.7 | 6.5 | 6.2 | -0.4 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | R1 Holdings, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +625bps | 6.1 | 6.0 | 6.1 | +0.2 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Woodland Foods, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +525bps | 6.2 | 6.1 | 6.1 | +0.0 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Forest Buyer, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 6.1 | 6.0 | 6.1 | +0.0 | 0.50% | 2024-12-31 |
| Barings BDC, Inc. | Forest Buyer, LLC | First Lien | Floating | 8.70% | — | +500bps | 6.1 | 6.0 | 6.1 | +0.0 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Transit Technologies LLC, Software, First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +475bps | 6.0 | 6.0 | 6.0 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Bridge Loan, Controlled | — | N/A | — | — | — | — | — | 6.0 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | R1 Holdings, LLC, Transportation, First Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +625bps | 6.2 | 5.9 | 6.0 | +0.1 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | WEST-NR ACQUISITIONCO, LLC, First Lien Senior Secured Term Loan 2 | — | Floating | 9.70% | — | +500bps | 6.0 | 6.0 | 6.0 | +0.0 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Express Wash Acquisition Company, LLC, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +650bps | 6.4 | 6.3 | 6.0 | -0.4 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Brown Machine Group Holdings, LLC, Industrial Equipment, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +575bps | 6.1 | 6.1 | 6.0 | -0.1 | 0.50% | 2023-12-31 |
| Barings BDC, Inc. | CCFF Buyer, LLC | First Lien | Floating | 9.10% | — | +500bps | 6.0 | 5.9 | 6.0 | +0.0 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | DISA Holdings Corp., Other Industrial, First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +550bps | 5.9 | 5.8 | 5.9 | +0.2 | 0.50% | 2023-12-31 |
| Barings BDC, Inc. | NF Holdco, LLC | First Lien | Floating | 10.20% | — | +650bps | 6.2 | 6.1 | 5.9 | -0.2 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Vision Solutions Inc., Business Equipment & Services, Second Lien Senior Secured Term Loan | — | Floating | 12.90% | — | +725bps | 6.5 | 6.5 | 5.9 | -0.6 | 0.50% | 2023-12-31 |
| Barings BDC, Inc. | FinThrive Software Intermediate Holdings Inc. | Preferred | PIK Only | — | 11.00% | — | — | 11.0 | 5.9 | -5.1 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Apidos CLO XXIV, Series 2016-24A, Multi-Sector Holdings, Subordinated Structured Notes | — | N/A | — | — | — | 18.4 | 5.3 | 5.9 | +0.5 | 0.50% | 2023-12-31 |
| Barings BDC, Inc. | R1 Holdings, LLC | First Lien | Floating | 9.90% | — | +625bps | 6.0 | 5.9 | 5.9 | -0.1 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Accelerant Holdings, Banking, Finance, Insurance & Real Estate, Class A Convertible Preferred Equity | — | N/A | — | — | — | — | 5.0 | 5.9 | +0.9 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Aquavista Watersides 2 LTD, Transportation Services, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +600bps | 6.4 | 6.5 | 5.8 | -0.7 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Coherus Biosciences, Inc., Royalty Rights | — | N/A | — | — | — | — | 3.6 | 5.8 | +2.2 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | CCFF Buyer, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.80% | — | +525bps | 5.9 | 5.8 | 5.8 | +0.0 | 0.50% | 2024-12-31 |
| Barings BDC, Inc. | Isolstar Holding NV (IPCOM) | First Lien | Floating | 7.30% | — | +525bps | 5.9 | 4.9 | 5.8 | +0.9 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | W2O Holdings, Inc., Healthcare Technology, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +525bps | 5.9 | 5.9 | 5.8 | -0.1 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | EPS NASS Parent, Inc., Electrical Components & Equipment, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 6.0 | 5.9 | 5.7 | -0.2 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Zeppelin Bidco Limited, Services: Business, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 6.2 | 6.2 | 5.7 | -0.5 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Brown Machine Group Holdings, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +600bps | 6.1 | 6.1 | 5.7 | -0.4 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | INOS 19-090 GmbH, Aerospace & Defense, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +537bps | 5.7 | 6.1 | 5.7 | -0.4 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Archimede, First Lien Senior Secured Term Loan | — | Floating | 9.80% | — | +650bps | 6.1 | 6.5 | 5.7 | -0.8 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 1 | — | N/A | — | — | — | — | — | 5.6 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Armstrong Transport Group (Pele Buyer, LLC), First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +550bps | 6.0 | 5.9 | 5.6 | -0.3 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | FinThrive Software Intermediate Holdings Inc., Preferred Stock | — | N/A | — | — | — | — | 9.8 | 5.6 | -4.2 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Navia Benefit Solutions, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.20% | — | +450bps | 5.6 | 5.5 | 5.6 | +0.1 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | Narda Acquisitionco., Inc., Aerospace & Defense, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +500bps | 5.6 | 5.5 | 5.6 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Banking, Finance, Insurance & Real Estate, Revolver | — | Floating | 12.60% | — | +725bps | 5.5 | 5.5 | 5.5 | +0.1 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Revolver | — | Floating | 12.60% | — | +725bps | — | — | 5.5 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Kano Laboratories LLC, Chemicals, Plastics & Rubber, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +500bps | 5.6 | 5.5 | 5.5 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Comply365, LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +500bps | 5.6 | 5.5 | 5.5 | +0.0 | 0.50% | 2023-12-31 |
| BARINGS BDC, INC. | Learfield Communications, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 5.5 | 5.5 | 5.5 | +0.0 | 0.50% | 2024-12-31 |
| Barings BDC, Inc. | Brown Machine Group Holdings, LLC | First Lien | Floating | 10.10% | — | +625bps | 6.1 | 6.1 | 5.5 | -0.6 | 0.50% | 2025-12-31 |
| Barings BDC, Inc. | AlliA Insurance Brokers NV | First Lien | Floating | 9.10% | — | +700bps | 5.5 | 4.9 | 5.5 | +0.6 | 0.50% | 2025-12-31 |
| Barings BDC, Inc. | HEKA Invest | First Lien | Floating | 8.20% | — | +620bps | 5.5 | 4.5 | 5.5 | +1.0 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital Holdings LLC, Revolver, Funded | — | N/A | — | — | — | — | — | 5.5 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Amalfi Midco, Subordinated Loan Notes | — | Fixed | 2.00% | — | — | 5.9 | 5.4 | 5.5 | +0.1 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | OA Buyer, Inc., Healthcare, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 5.5 | 5.5 | 5.5 | +0.0 | 0.50% | 2023-12-31 |
| Barings BDC, Inc. | Coyo Uprising GmbH | First Lien | PIK Toggle | 8.60% | 0.30% | +650bps | 5.6 | 5.4 | 5.5 | +0.0 | 0.50% | 2025-12-31 |
| Barings BDC, Inc. | Contabo FincoS.À R.L | First Lien | Floating | 7.50% | — | +540bps | 5.5 | 4.6 | 5.5 | +0.9 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Process Equipment, Inc. (ProcessBarron), Industrial Air & Material Handling Equipment, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +525bps | 5.5 | 5.5 | 5.5 | -0.0 | 0.50% | 2023-12-31 |
| Barings BDC, Inc. | Groupe Guemas | First Lien | Floating | 8.80% | — | +650bps | 5.5 | 4.8 | 5.4 | +0.6 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Acogroup, First Lien Senior Secured Term Loan | — | Floating | 4.00% | — | +290bps | 7.4 | 7.7 | 5.4 | -2.3 | 0.50% | 2024-12-31 |
| BARINGS BDC, INC. | USLS Acquisition, Inc. (f/k/a US Legal Support, Inc.), First Lien Senior Secured Term Loan 2 | — | Floating | 10.50% | — | +575bps | 5.5 | 5.4 | 5.4 | -0.0 | 0.50% | 2024-12-31 |
| Barings BDC, Inc. | THG Acquisition, LLC | First Lien | Floating | 8.50% | — | +475bps | 5.4 | 5.4 | 5.4 | +0.0 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | ADB Safegate, Aerospace & Defense, Second Lien Senior Secured Term Loan | — | Floating | 14.60% | — | +925bps | 6.3 | 6.1 | 5.4 | -0.7 | 0.50% | 2024-12-31 |
| Barings BDC, Inc. | KAMC Holdings Inc. | First Lien | Floating | 9.10% | — | +525bps | 5.4 | 5.4 | 5.4 | +0.0 | 0.50% | 2025-12-31 |
| Barings BDC, Inc. | Skyvault Holdings LLC | Other | N/A | — | — | — | — | 5.3 | 5.3 | -0.0 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Process Equipment, Inc. (ProcessBarron), First Lien Senior Secured Term Loan | — | Floating | 9.80% | — | +525bps | 5.3 | 5.3 | 5.3 | +0.0 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Revolver | — | N/A | — | — | — | — | — | 5.3 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Revolver 2 | — | Fixed | 6.00% | — | — | 5.3 | 5.7 | 5.3 | -0.3 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Beyond Risk Management, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.20% | — | +450bps | 5.3 | 5.2 | 5.3 | +0.1 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Rapid Buyer LLC, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +475bps | 5.4 | 5.3 | 5.3 | -0.0 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Learfield Communications, LLC, Broadcasting, First Lien Senior Secured Term Loan 1 | — | Floating | 10.90% | — | +550bps | 5.5 | 5.5 | 5.3 | -0.2 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Aegros Holdco 2 Ltd | Second Lien | PIK Only | — | 13.00% | +850bps | 6.2 | 6.0 | 5.3 | -0.7 | 0.50% | 2025-12-31 |
| BARINGS BDC, INC. | Process Insights Acquisition, Inc., Electronics, First Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +625bps | 5.3 | 5.2 | 5.3 | +0.1 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Revolver | — | N/A | — | — | — | — | — | 5.3 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | FinThrive Software Intermediate Holdings Inc., Business Equipment & Services, Preferred Stock | — | N/A | — | — | — | — | 8.8 | 5.3 | -3.5 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Process Equipment, Inc. (ProcessBarron) | First Lien | Floating | 9.10% | — | +525bps | 5.3 | 5.3 | 5.3 | -0.0 | 0.50% | 2025-12-31 |
| Barings BDC, Inc. | CW Group Holdings, LLC | First Lien | Floating | 8.20% | — | +450bps | 5.2 | 5.1 | 5.2 | +0.1 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | ASC Communications, LLC | First Lien | Floating | 8.20% | — | +450bps | 5.2 | 5.2 | 5.2 | -0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Process Insights Acquisition, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +625bps | 5.3 | 5.2 | 5.1 | -0.0 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Contabo Finco S.A R.L, Internet Software & Services, First Lien Senior Secured Term Loan | — | Floating | 9.20% | — | +525bps | 5.1 | 4.5 | 5.1 | +0.6 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Screenvision, LLC | First Lien | Floating | 8.90% | — | +500bps | 5.2 | 5.1 | 5.1 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | HEKA Invest, Technology, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +650bps | 5.2 | 4.5 | 5.1 | +0.6 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Finexvet | First Lien | PIK Toggle | 6.10% | 3.30% | +400bps | 5.5 | 5.1 | 5.1 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Isolstar Holding NV (IPCOM), First Lien Senior Secured Term Loan | — | Floating | 9.20% | — | +600bps | 5.2 | 4.8 | 5.1 | +0.2 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Narda Acquisitionco., Inc., First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +475bps | 5.1 | 5.0 | 5.1 | +0.0 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Magnetite XIX, Limited, Multi-Sector Holdings, Subordinated Notes | — | Floating | 14.40% | — | +903bps | 5.2 | 5.1 | 5.1 | -0.0 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Magnetite XIX, Limited | Subordinated | Floating | 11.90% | — | +800bps | 5.2 | 5.2 | 5.0 | -0.2 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | BrightSign LLC | First Lien | Floating | 9.00% | — | +525bps | 5.0 | 5.0 | 5.0 | +0.0 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | Process Insights Acquisition, Inc. | First Lien | Floating | 10.10% | — | +625bps | 5.7 | 5.6 | 5.0 | -0.6 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Groupe Guemas,Brokerage, Asset Managers & Exchanges ,First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +625bps | 5.1 | 4.8 | 5.0 | +0.2 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | US Bank National Association Series 2025-1 | Other | Floating | 11.40% | — | +750bps | 4.8 | 4.8 | 5.0 | +0.1 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Woodland Foods, LLC, Food & Beverage, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +575bps | 5.4 | 5.3 | 4.9 | -0.4 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | ORS Buyer, Inc. | First Lien | Floating | 8.70% | — | +500bps | 5.0 | 4.9 | 4.9 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | MC Group Ventures Corporation, First Lien Senior Secured Term Loan 1 | — | Floating | 9.90% | — | +525bps | 5.1 | 5.0 | 4.9 | -0.1 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Turnberry Solutions, Inc., Consumer Cyclical, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 4.9 | 4.9 | 4.9 | +0.0 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Rapid Buyer LLC | First Lien | Floating | 8.50% | — | +475bps | 5.4 | 5.3 | 4.9 | -0.5 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | The Cleaver-Brooks Company, Inc., Capital Equipment, Subordinated Term Loan | — | N/A | — | — | — | 4.9 | 4.9 | 4.9 | +0.0 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Americo Chemical Products, LLC | First Lien | Floating | 8.70% | — | +500bps | 4.9 | 4.9 | 4.9 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Turnberry Solutions, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +575bps | 4.9 | 4.8 | 4.9 | +0.0 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | CTI Foods Holdings Co., LLC | Other | PIK Only | — | 13.10% | +900bps | 4.9 | 4.8 | 4.9 | +0.1 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 2 | — | N/A | — | — | — | — | — | 4.9 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 4 | — | N/A | — | — | — | — | — | 4.9 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, Hotel, Gaming & Leisure, First Lien Senior Secured Term Loan 2 | — | N/A | — | — | — | 33.4 | 9.6 | 4.9 | -4.8 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | PowerGEM Buyer, Inc. | First Lien | Floating | 8.80% | — | +500bps | 4.9 | 4.9 | 4.9 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | HEKA Invest, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +625bps | 4.8 | 4.5 | 4.8 | +0.4 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Ocular Therapeutix, Inc., First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +675bps | 3.9 | 3.8 | 4.8 | +1.0 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | Bishop Street Underwriters, LLC | First Lien | Floating | 9.20% | — | +550bps | 4.8 | 4.8 | 4.8 | +0.0 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | MC Group Ventures Corporation | First Lien | Floating | 9.20% | — | +525bps | 5.1 | 5.0 | 4.8 | -0.2 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | Ocular Therapeutix, Inc. | First Lien | Floating | 10.60% | — | +675bps | 3.9 | 3.9 | 4.8 | +1.0 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | Turnberry Solutions, Inc. | First Lien | Floating | 9.60% | — | +575bps | 4.8 | 4.8 | 4.8 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Amalfi Midco, Healthcare, Subordinated Loan Notes | — | Floating | — | — | +200bps | 5.5 | 4.9 | 4.8 | -0.1 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Contabo Finco S.A.R.L, First Lien Senior Secured Term Loan | — | Floating | 8.20% | — | +515bps | 4.8 | 4.6 | 4.8 | +0.3 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Azalea Buyer, Inc., Technology, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +525bps | 4.8 | 4.8 | 4.8 | +0.0 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Ivanti Software, Inc., High Tech Industries, Second Lien Senior Secured Term Loan | — | Floating | 12.90% | — | +725bps | 6.0 | 6.0 | 4.8 | -1.2 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Azalea Buyer, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +525bps | 4.8 | 4.7 | 4.8 | +0.1 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Validity, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +525bps | 4.8 | 4.8 | 4.8 | +0.0 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Validity, Inc., IT Consulting & Other Services, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +525bps | 4.8 | 4.7 | 4.8 | +0.0 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Isolstar Holding NV (IPCOM), Trading Companies & Distributors, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +650bps | 4.9 | 4.2 | 4.8 | +0.6 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | FSS Buyer LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 4.8 | 4.7 | 4.8 | +0.0 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Bitly, Inc. | First Lien | Floating | 8.60% | — | +475bps | 4.8 | 4.8 | 4.8 | -0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Brightline Trains Florida LLC, Transportation, Senior Secured Note | — | Fixed | 8.00% | — | — | 5.0 | 5.0 | 4.8 | -0.2 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Credit Key Funding II LLC | First Lien | Floating | 11.20% | — | +750bps | 4.9 | 4.7 | 4.7 | -0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Groupe Guemas, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +625bps | 4.8 | 4.8 | 4.7 | -0.1 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | FSS Buyer LLC, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 4.7 | 4.7 | 4.7 | +0.1 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | Azalea Buyer, Inc. | First Lien | Floating | 9.10% | — | +525bps | 4.7 | 4.7 | 4.7 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | RPX Corporation, Research & Consulting Services, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +550bps | 4.8 | 4.7 | 4.7 | +0.0 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Armstrong Transport Group (Pele Buyer, LLC ), Air Freight & Logistics, First Lien Senior Secured Term Loan 2 | — | Floating | 10.90% | — | +550bps | 4.9 | 4.9 | 4.7 | -0.1 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Shelf Bidco Ltd | Equity | N/A | — | — | — | — | 1.2 | 4.7 | +3.5 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Team Services Group, Services: Consumer, Second Lien Senior Secured Term Loan | — | Floating | 14.90% | — | +900bps | 5.0 | 5.0 | 4.7 | -0.3 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Zeppelin Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +625bps | 6.1 | 6.3 | 4.7 | -1.6 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | CT Technologies Intermediate Holdings, Inc., Healthcare, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +425bps | 4.9 | 4.9 | 4.7 | -0.2 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Shelf Bidco Ltd, Common Stock | — | N/A | — | — | — | — | 1.2 | 4.7 | +3.5 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Coyo Uprising GmbH, Technology, First Lien Senior Secured Term Loan | — | Floating | 6.30% | — | +325bps | 4.8 | 4.9 | 4.7 | -0.3 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | BrightSign LLC, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +550bps | 4.7 | 4.6 | 4.7 | +0.0 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | NGS US Finco, LLC (f/k/a Dresser Natural Gas Solutions), Energy Equipment & Services, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +400bps | 4.7 | 4.6 | 4.7 | +0.0 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | CAi Software, LLC, Technology, First Lien Senior Secured Term Loan 1 | — | Floating | 11.90% | — | +625bps | 5.0 | 4.9 | 4.6 | -0.2 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Trader Corporation, Technology, First Lien Senior Secured Term Loan | — | Floating | 12.20% | — | +675bps | 4.7 | 4.4 | 4.6 | +0.2 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Finexvet, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +650bps | 4.7 | 4.9 | 4.6 | -0.3 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | Renovation Parent Holdings, LLC | First Lien | Floating | 9.00% | — | +500bps | 4.7 | 4.6 | 4.6 | -0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | REP SEKO MERGER SUB LLC, Common Stock | — | N/A | — | — | — | — | 5.4 | 4.6 | -0.8 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | US Bank National Association Series 2025-2 | Other | Floating | 10.90% | — | +700bps | 4.6 | 4.6 | 4.6 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Coyo Uprising GmbH, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +650bps | 4.7 | 5.2 | 4.6 | -0.6 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | Smile Brands Group Inc. | First Lien | Floating | 9.90% | — | +600bps | 5.3 | 5.3 | 4.6 | -0.7 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | AlliA Insurance Brokers NV, First Lien Senior Secured Term Loan | — | Floating | 8.90% | — | +575bps | 4.6 | 4.6 | 4.6 | -0.1 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | Eclipse Business Capital, LLC | Second Lien | Fixed | 7.50% | — | — | 4.5 | 4.5 | 4.5 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Banking, Finance, Insurance & Real Estate, Second Lien Senior Secured Term Loan | — | Fixed | 7.50% | — | — | 4.5 | 4.5 | 4.5 | +0.0 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Second Lien Senior Secured Term Loan 1 | — | Fixed | 7.50% | — | — | 4.5 | 4.5 | 4.5 | +0.0 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Second Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | 4.5 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, LLC, Second Lien Senior Secured Term Loan | — | Fixed | 7.50% | — | — | — | — | 4.5 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, Second Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | 4.5 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital, Second Lien Senior Secured Term Loan | — | Fixed | 7.50% | — | — | — | — | 4.5 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | FragilePak LLC, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +575bps | 4.5 | 4.5 | 4.5 | +0.1 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | BrightSign LLC, Media & Entertainment, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +575bps | 4.7 | 4.7 | 4.5 | -0.1 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Cascade Residential Services LLC | First Lien | Floating | 9.70% | — | +600bps | 4.6 | 4.5 | 4.5 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Smile Brands Group Inc., Health Care Services, First Lien Senior Secured Term Loan 1 | — | Floating | 10.00% | — | +450bps | 5.1 | 5.1 | 4.5 | -0.6 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, Construction & Building, Second Lien Senior Secured Term Loan | — | Floating | 8.50% | — | +300bps | 4.5 | 4.5 | 4.5 | +0.0 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, Second Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | 4.5 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Eclipse Business Capital Holdings LLC, Revolver | — | N/A | — | — | — | — | — | 4.5 | — | — | 2021-06-30 |
| Barings BDC, Inc. | FragilePak LLC | First Lien | Floating | 9.60% | — | +575bps | 4.5 | 4.5 | 4.5 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, Common Stock | — | N/A | — | — | — | — | — | 4.5 | — | — | 2022-12-31 |
| Barings BDC, Inc. | Waccamaw River LLC | Equity | N/A | — | — | — | — | 17.1 | 4.5 | -12.6 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Ice House America, L.L.C., First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +550bps | 4.6 | 4.5 | 4.5 | -0.0 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | Xeinadin Bidco Limited | Subordinated | PIK Only | — | 15.00% | +1100bps | 4.5 | 4.1 | 4.4 | +0.3 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Finaxy Holding,Banking,First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +625bps | 4.5 | 4.3 | 4.4 | +0.1 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Ellkay, LLC, Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +625bps | 4.9 | 4.8 | 4.4 | -0.4 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | FragilePak LLC, Transportation Services, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +575bps | 4.6 | 4.5 | 4.4 | -0.1 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Finaxy Holding | First Lien | Floating | 6.60% | — | +450bps | 4.4 | 3.9 | 4.4 | +0.4 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Burgess Point Purchaser Corporation, Auto Parts & Equipment, Second Lien Senior Secured Term Loan | — | Floating | 14.40% | — | +900bps | 4.5 | 4.4 | 4.4 | -0.0 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | SSCP Pegasus Midco Limited, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +600bps | 4.4 | 4.5 | 4.4 | -0.1 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Burgess Point Purchaser Corporation, Second Lien Senior Secured Term Loan | — | Floating | 14.20% | — | +900bps | 4.5 | 4.4 | 4.4 | -0.0 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Ellkay, LLC, First Lien Senior Secured Term Loan | — | Floating | 8.00% | — | +550bps | 4.9 | 4.9 | 4.3 | -0.5 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | Ice House America, L.L.C. | First Lien | Floating | 9.90% | — | +600bps | 4.6 | 4.5 | 4.3 | -0.2 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Renovation Parent Holdings, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +550bps | 4.7 | 4.7 | 4.3 | -0.3 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Global Academic Group Limited, Industrial Other, First Lien Senior Secured Term Loan 2 | — | Floating | 11.70% | — | +600bps | 4.4 | 4.2 | 4.3 | +0.1 | 0.40% | 2023-12-31 |
| Barings BDC, Inc. | Thompson Rivers LLC | Equity | N/A | — | — | — | — | 20.0 | 4.3 | -15.8 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | Sanoptis S.A.R.L. | First Lien | Floating | 7.00% | — | +500bps | 4.4 | 3.8 | 4.3 | +0.5 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | Superjet Buyer, LLC | First Lien | Floating | 8.80% | — | +500bps | 4.3 | 4.2 | 4.2 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Caribou Holding Company, LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 14.00% | — | +764bps | 4.3 | 4.3 | 4.2 | -0.0 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | The Octave Music Group, Inc., Media: Diversified & Production, Second Lien Senior Secured Term Loan | — | Floating | 12.80% | — | +750bps | 4.3 | 4.2 | 4.2 | +0.0 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Caribou Holding Company, LLC, First Lien Senior Secured Term Loan | — | Floating | 12.50% | — | +764bps | 4.3 | 4.3 | 4.2 | -0.0 | 0.40% | 2024-12-31 |
| BARINGS BDC, INC. | Finexvet, Consumer Cyclical, First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +625bps | 4.3 | 4.2 | 4.2 | +0.1 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | Panoche Energy Center LLC, Electric, First Lien Senior Secured Term Loan | — | Fixed | 6.90% | — | — | 4.4 | 4.0 | 4.2 | +0.3 | 0.40% | 2023-12-31 |
| BARINGS BDC, INC. | CTI Foods Holdings Co., LLC, 2024 LIFO Term Loan | — | Floating | — | — | +1000bps | 4.2 | 4.1 | 4.2 | +0.1 | 0.40% | 2024-12-31 |
| Barings BDC, Inc. | OSP Lakeside Intermediate Holdings 2, LLC | First Lien | Floating | 9.20% | — | +550bps | 4.3 | 4.2 | 4.2 | -0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Renovation Parent Holdings, LLC, Home Furnishings, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +550bps | 4.8 | 4.7 | 4.2 | -0.5 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | M-Personal Protection Management GmbH | First Lien | Floating | 7.00% | — | +500bps | 4.1 | 3.8 | 4.1 | +0.4 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | MC Group Ventures Corporation, Business Services, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +550bps | 4.1 | 4.1 | 4.1 | +0.0 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | FitzMark Buyer, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +475bps | 4.1 | 4.1 | 4.1 | +0.0 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Techone B.V. | First Lien | Floating | 7.40% | — | +540bps | 4.1 | 3.8 | 4.1 | +0.3 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | Accelerant Holdings | Equity | N/A | — | — | — | — | 3.3 | 4.1 | +0.8 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, Construction & Building, Second Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | 4.1 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Learfield Communications, LLC, Common Stock | — | N/A | — | — | — | — | 1.9 | 4.1 | +2.2 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Bounteous, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +475bps | 4.1 | 4.1 | 4.1 | +0.0 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | FitzMark Buyer, LLC, Cargo & Transportation, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +475bps | 4.2 | 4.1 | 4.1 | -0.1 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | Bounteous, Inc. | First Lien | Floating | 8.50% | — | +475bps | 4.1 | 4.0 | 4.1 | +0.0 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | Real Chemistry Intermediate III, Inc. | First Lien | Floating | 8.20% | — | +450bps | 4.1 | 4.1 | 4.1 | -0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Learfield Communications, LLC, Broadcasting, First Lien Senior Secured Term Loan 2 | — | N/A | — | — | — | — | 3.1 | 4.0 | +0.9 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | MC Group Ventures Corporation, First Lien Senior Secured Term Loan 2 | — | Floating | 10.20% | — | +550bps | 4.1 | 4.1 | 4.0 | -0.0 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Megawatt Acquisitionco, Inc. | First Lien | Floating | 9.20% | — | +550bps | 4.1 | 4.1 | 4.0 | -0.0 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | Victoria Bidco Limited | First Lien | Floating | 10.70% | — | +650bps | 4.2 | 4.1 | 4.0 | -0.1 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Global Academic Group Limited, First Lien Senior Secured Term Loan 2 | — | Floating | 9.30% | — | +550bps | 4.0 | 4.4 | 4.0 | -0.4 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | FitzMark Buyer, LLC | First Lien | Floating | 8.30% | — | +450bps | 4.0 | 4.0 | 4.0 | +0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Resonetics, LLC, Health Care Equipment, Second Lien Senior Secured Term Loan | — | Floating | 12.60% | — | +700bps | 4.0 | 4.0 | 4.0 | +0.0 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | Burgess Point Purchaser Corporation | Second Lien | Floating | 12.90% | — | +900bps | 4.5 | 4.4 | 4.0 | -0.4 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Novotech Aus Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan 1 | — | Floating | 11.10% | — | +525bps | 4.0 | 3.9 | 4.0 | +0.0 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | Coherus Biosciences, Inc. | First Lien | Floating | 11.70% | — | +800bps | 4.0 | 3.9 | 4.0 | +0.1 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Media Recovery, Inc. (SpotSee), Containers, Packaging & Glass, First Lien Senior Secured Term Loan 2 | — | Floating | 11.20% | — | +600bps | 4.1 | 4.2 | 3.9 | -0.3 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, Construction & Building, First Lien Senior Secured Term Loan | — | Floating | 13.40% | — | +800bps | 3.9 | 3.7 | 3.9 | +0.2 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, First Lien Senior Secured Term Loan 1 | — | N/A | — | — | — | — | — | 3.9 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, First Lien Senior Secured Term Loan 1 | — | Floating | 13.40% | — | +800bps | — | — | 3.9 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, First Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | 3.9 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Coherus Biosciences, Inc., First Lien Senior Secured Term Loan | — | Floating | 12.60% | — | +800bps | 4.0 | 3.9 | 3.9 | +0.0 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Apus Bidco Limited | First Lien | Floating | 9.20% | — | +500bps | 3.9 | 3.9 | 3.9 | -0.1 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Flywheel Re Segregated Portfolio 2022-4, Preferred Stock | — | N/A | — | — | — | — | 2.8 | 3.9 | +1.0 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Finaxy Holding, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +625bps | 3.9 | 3.9 | 3.9 | -0.1 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Bridge Loan, 2023 Revolver | — | Fixed | 6.00% | — | — | — | — | 3.9 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Revolver | — | N/A | — | — | — | — | — | 3.9 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Electrical Engineering, Revolver | — | Fixed | 6.00% | — | — | 3.9 | 3.8 | 3.9 | +0.0 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Jon Bidco Limited, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +450bps | 3.9 | 4.1 | 3.8 | -0.3 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | AirX Climate Solutions, Inc., First Lien Senior Secured Term Loan 2 | — | Floating | 10.20% | — | +575bps | 3.9 | 3.8 | 3.8 | +0.1 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Techone B.V., Technology, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +550bps | 3.9 | 3.8 | 3.8 | +0.0 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Ocular Therapeutix, Inc., Pharma-ceuticals, First Lien Senior Secured Term Loan | — | Floating | 12.10% | — | +675bps | 3.9 | 3.8 | 3.8 | -0.0 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Arc Education, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +597bps | 3.8 | 3.7 | 3.8 | +0.1 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Arc Education, Consumer Cyclical, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +575bps | 3.9 | 3.5 | 3.8 | +0.3 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Subordinated Term Loan | — | Floating | 9.00% | — | +775bps | 3.8 | 3.8 | 3.8 | +0.0 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Armstrong Transport Group (Pele Buyer, LLC ), Air Freight & Logistics, First Lien Senior Secured Term Loan 1 | — | Floating | 10.90% | — | +550bps | 3.9 | 3.9 | 3.8 | -0.1 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Victoria Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +650bps | 3.9 | 4.1 | 3.8 | -0.3 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Media Recovery, Inc. (SpotSee), First Lien Senior Secured Term Loan 2 | — | Floating | 9.60% | — | +475bps | 3.8 | 4.0 | 3.8 | -0.3 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | MB Purchaser, LLC | First Lien | Floating | 8.50% | — | +475bps | 3.8 | 3.8 | 3.8 | +0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Cascade Residential Services LLC, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +600bps | 4.0 | 3.9 | 3.7 | -0.2 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | CMT Opco Holding, LLC (Concept Machine), Distributors, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +500bps | 4.1 | 4.1 | 3.7 | -0.4 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | JF Acquisition, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +550bps | 3.7 | 3.7 | 3.7 | +0.0 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Argus Intermediate, LLC | First Lien | Floating | 8.50% | — | +475bps | 3.8 | 3.7 | 3.7 | -0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Jon Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +450bps | 3.7 | 4.4 | 3.7 | -0.7 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | CTS US Bidco, Inc. | First Lien | Floating | 9.80% | — | +600bps | 3.8 | 3.7 | 3.7 | -0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Medical Solutions Parent Holdings, Inc., Healthcare, Second Lien Senior Secured Term Loan | — | Floating | 12.50% | — | +700bps | 4.4 | 4.4 | 3.7 | -0.7 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Panoche Energy Center LLC, First Lien Senior Secured Bond | — | Fixed | 6.90% | — | — | 3.7 | 3.5 | 3.7 | +0.2 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Sanoptis S.A.R.L., First Lien Senior Secured Term Loan 1 | — | Floating | 8.80% | — | +575bps | 3.8 | 3.7 | 3.7 | -0.0 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Offen Inc., Transportation: Cargo, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +500bps | 3.7 | 3.7 | 3.7 | +0.0 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Xeinadin Bidco Limited, Subordinated Term Loan | — | N/A | — | — | — | 3.8 | 3.7 | 3.7 | +0.0 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Offen Inc., First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +500bps | 3.7 | 3.7 | 3.7 | +0.0 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Utac Ceram | First Lien | PIK Toggle | 7.70% | 2.40% | +400bps | 3.7 | 3.6 | 3.7 | +0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Megawatt Acquisitionco, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +525bps | 4.2 | 4.1 | 3.6 | -0.4 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Apus Bidco Limited, Banking, Finance, Insurance & Real Estate, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +550bps | 3.7 | 3.9 | 3.6 | -0.3 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Techone B.V., First Lien Senior Secured Term Loan | — | Floating | 8.70% | — | +540bps | 3.6 | 3.8 | 3.6 | -0.2 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Apus Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +550bps | 3.6 | 3.9 | 3.6 | -0.3 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | JF Acquisition, LLC, Automotive, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +550bps | 3.8 | 3.7 | 3.6 | -0.1 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | Rocade Holdings LLC | Other | N/A | — | — | — | — | — | 3.6 | — | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | The Octave Music Group, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.10% | — | +475bps | 3.6 | 3.6 | 3.6 | +0.0 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Ceres Pharma NV | First Lien | Floating | 8.10% | — | +600bps | 3.6 | 3.3 | 3.6 | +0.3 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | OG III B.V. | First Lien | Floating | 7.70% | — | +575bps | 3.7 | 3.7 | 3.6 | -0.1 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Air Canada 2020-2 Class B Pass Through Trust, Airlines, Structured Secured Note - Class B | — | Fixed | 9.00% | — | — | 3.5 | 3.5 | 3.6 | +0.1 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Skyvault Holdings LLC, First Lien Senior Secured Term Loan | — | N/A | — | — | — | 3.6 | 3.6 | 3.6 | +0.0 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, Subordinated Term Loan | — | Floating | 13.20% | — | +775bps | 3.6 | 3.5 | 3.6 | +0.0 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Victoria Bidco Limited, Industrial Machinery, First Lien Senior Secured Term Loan 1 | — | Floating | 11.40% | — | +650bps | 4.0 | 4.1 | 3.6 | -0.5 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | OAC Holdings I Corp, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +500bps | 3.5 | 3.5 | 3.5 | +0.0 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Home Care Assistance, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 3.7 | 3.7 | 3.5 | -0.2 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Heilbron (f/k/a Sucsez (Bolt Bidco B.V.)) | First Lien | Floating | 7.80% | — | +575bps | 3.6 | 3.7 | 3.5 | -0.2 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | CMT Opco Holding, LLC (Concept Machine) | First Lien | PIK Toggle | 10.00% | 1.00% | +600bps | 4.1 | 4.0 | 3.5 | -0.6 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Jones Fish Hatcheries & Distributors LLC, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +550bps | 3.5 | 3.4 | 3.5 | +0.0 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Scout Bidco B.V., Diversified Manufacturing, First Lien Senior Secured Term Loan 1 | — | Floating | 9.70% | — | +575bps | 3.5 | 3.4 | 3.5 | +0.1 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Smile Brands Group Inc., First Lien Senior Secured Term Loan 2 | — | Floating | 13.20% | — | +850bps | 3.8 | 3.8 | 3.5 | -0.3 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | eShipping, LLC, Transportation Services, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +500bps | 3.5 | 3.4 | 3.5 | +0.0 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | Media Recovery, Inc. (SpotSee) | First Lien | Floating | 8.20% | — | +450bps | 3.5 | 3.4 | 3.5 | +0.1 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | eShipping, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +500bps | 3.5 | 3.4 | 3.5 | +0.0 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Scout Bidco B.V. | First Lien | Floating | 7.80% | — | +575bps | 3.8 | 3.4 | 3.5 | +0.1 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | OAC Holdings I Corp, Automotive, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +500bps | 3.6 | 3.5 | 3.5 | -0.1 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | AlliA Insurance Brokers NV, Insurance, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +625bps | 3.5 | 3.3 | 3.4 | +0.1 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | CEC Entertainment, LLC | First Lien | Floating | 9.70% | — | +600bps | 3.5 | 3.4 | 3.4 | +0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Home Care Assistance, LLC, Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +500bps | 3.8 | 3.7 | 3.4 | -0.3 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | SSCP Pegasus Midco Limited, Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan | — | Floating | 11.30% | — | +600bps | 3.4 | 3.4 | 3.4 | +0.0 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Jones Fish Hatcheries & Distributors LLC, Consumer Products, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +550bps | 3.5 | 3.4 | 3.4 | -0.0 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | Apex Bidco Limited | First Lien | Floating | 10.80% | — | +700bps | 3.4 | 3.2 | 3.4 | +0.2 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | OG III B.V., Containers & Glass Products, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +575bps | 3.5 | 3.7 | 3.4 | -0.3 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | CMT Opco Holding, LLC (Concept Machine), First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +525bps | 4.8 | 4.7 | 3.4 | -1.4 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 2 | — | Floating | 7.20% | — | +550bps | 3.5 | 3.1 | 3.4 | +0.3 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Utac Ceram, Business Services, First Lien Senior Secured Term Loan 2 | — | Floating | 12.00% | — | +665bps | 3.6 | 3.5 | 3.4 | -0.2 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | Acogroup | First Lien | PIK Only | — | 6.40% | +290bps | 8.7 | 8.1 | 3.3 | -4.7 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Dryden 49 Senior Loan Fund, Series 2017-49A, Multi-Sector Holdings, Subordinated Structured Notes | — | N/A | — | — | — | 17.2 | 4.8 | 3.3 | -1.5 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Bariacum S.A, Consumer Products, First Lien Senior Secured Term Loan | — | Floating | 8.60% | — | +475bps | 3.3 | 3.2 | 3.3 | +0.1 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Ceres Pharma NV, Pharma-ceuticals, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +600bps | 3.4 | 3.3 | 3.3 | +0.0 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Scout Bidco B.V., First Lien Senior Secured Term Loan 1 | — | Floating | 8.40% | — | +550bps | 3.3 | 3.4 | 3.3 | -0.1 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Herbalife Ltd., First Lien Senior Secured Term Loan | — | Floating | 12.10% | — | +675bps | 3.3 | 3.1 | 3.3 | +0.2 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | OAC Holdings I Corp | First Lien | Floating | 9.00% | — | +500bps | 3.3 | 3.3 | 3.3 | +0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Ivanti Software, Inc., Second Lien Senior Secured Term Loan | — | Floating | 12.10% | — | +725bps | 6.0 | 6.0 | 3.3 | -2.7 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Apidos CLO XXIV, Series 2016-24A, Subordinated Structured Notes | — | N/A | — | — | — | 18.4 | 3.5 | 3.3 | -0.3 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | VistaJet Pass Through Trust 2021-1B, Airlines, Structured Secured Note - Class B | — | Fixed | 6.30% | — | — | 3.9 | 3.9 | 3.3 | -0.7 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | AirX Climate Solutions, Inc. | First Lien | Floating | 9.60% | — | +575bps | 3.3 | 3.2 | 3.2 | +0.1 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | OG III B.V., First Lien Senior Secured Term Loan | — | Floating | 8.90% | — | +550bps | 3.3 | 3.7 | 3.2 | -0.5 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Xeinadin Bidco Limited, Financial Other, Subordinated Term Loan | — | N/A | — | — | — | 3.3 | 3.1 | 3.2 | +0.1 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | AirX Climate Solutions, Inc,Diversified Manufacturing, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +625bps | 3.3 | 3.2 | 3.2 | -0.0 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Home Care Assistance, LLC | First Lien | PIK Toggle | 8.90% | 1.00% | +500bps | 3.8 | 3.7 | 3.2 | -0.5 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | Herbalife Ltd. | First Lien | Floating | 10.50% | — | +675bps | 3.2 | 3.0 | 3.2 | +0.2 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | Lockmasters Security Intermediate, Inc. | First Lien | Floating | 8.60% | — | +500bps | 3.2 | 3.2 | 3.2 | +0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Flywheel Re Segregated Portfolio 2022-4, Investment Funds, Preferred Stock | — | N/A | — | — | — | — | 2.8 | 3.2 | +0.4 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Apex Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 11.30% | — | +625bps | 3.2 | 3.2 | 3.2 | -0.0 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | AnalytiChem Holding GmbH, Chemicals, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +625bps | 3.2 | 3.2 | 3.2 | -0.0 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Ceres Pharma NV, First Lien Senior Secured Term Loan | — | Floating | 8.90% | — | +600bps | 3.2 | 3.3 | 3.2 | -0.1 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Selenium Designated Activity Company | First Lien | Floating | 7.20% | — | +513bps | 3.2 | 2.9 | 3.2 | +0.3 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | VistaJet Pass Through Trust 2021-1B, Structured Secured Note - Class B | — | Fixed | 6.30% | — | — | 3.2 | 3.2 | 3.2 | -0.1 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Heilbron (f/k/a Sucsez (Bolt Bidco B.V.)), Insurance, First Lien Senior Secured Term Loan | — | Floating | 8.90% | — | +500bps | 3.3 | 3.7 | 3.2 | -0.5 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | TA SL Cayman Aggregator Corp. | Subordinated | PIK Only | — | 11.90% | +775bps | 3.1 | 3.1 | 3.1 | +0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Centralis Finco S.a.r.l., Diversified Financial Services, First Lien Senior Secured Term Loan 1 | — | Floating | 9.20% | — | +525bps | 3.2 | 2.9 | 3.1 | +0.2 | 0.30% | 2023-12-31 |
| BARINGS BDC, INC. | Bariacum S.A, First Lien Senior Secured Term Loan | — | Floating | 7.30% | — | +475bps | 3.1 | 3.3 | 3.1 | -0.2 | 0.30% | 2024-12-31 |
| Barings BDC, Inc. | Mercell Holding AS | First Lien | Floating | 8.90% | — | +500bps | 3.1 | 3.2 | 3.1 | -0.1 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | Express Wash Acquisition Company, LLC | First Lien | Floating | 10.20% | — | +625bps | 3.3 | 3.2 | 3.1 | -0.1 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | Infoniqa Holdings GmbH | First Lien | Floating | 6.80% | — | +475bps | 3.1 | 2.9 | 3.1 | +0.2 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | HSL Compliance | First Lien | Floating | 9.00% | — | +525bps | 3.1 | 2.9 | 3.1 | +0.1 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | Panoche Energy Center LLC | First Lien | Fixed | 6.90% | — | — | 3.1 | 2.9 | 3.1 | +0.2 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Heilbron (f/k/a Sucsez (Bolt Bidco B.V.)), First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +575bps | 3.1 | 3.7 | 3.0 | -0.6 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Mercell Holding AS, Technology, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +550bps | 3.1 | 3.1 | 3.0 | -0.1 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | Ferrellgas L.P. | Preferred | N/A | — | — | — | — | 2.8 | 3.0 | +0.2 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | JetBlue 2019-1 Class B Pass Through Trust, Structured Products, Structured Secured Note - Class B | — | Fixed | 8.00% | — | — | 3.1 | 3.1 | 3.0 | -0.0 | 0.30% | 2023-12-31 |
| Barings BDC, Inc. | MIV Buyer, LLC | First Lien | Floating | 8.40% | — | +475bps | 3.1 | 3.0 | 3.0 | +0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Centralis Finco S.a.r.l., First Lien Senior Secured Term Loan | — | Floating | 8.30% | — | +525bps | 3.0 | 2.9 | 3.0 | +0.1 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | AnalytiChem Holding GmbH, First Lien Senior Secured Term Loan 1 | — | Floating | 9.30% | — | +620bps | 3.0 | 3.2 | 3.0 | -0.2 | 0.30% | 2024-12-31 |
| BARINGS BDC, INC. | Amtech LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +550bps | 3.0 | 3.0 | 3.0 | +0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | ARC Interco Purchaser, LLC | First Lien | Floating | 8.40% | — | +475bps | 3.0 | 3.0 | 3.0 | +0.0 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | Flywheel Re Segregated Portfolio 2022-4 | Preferred | N/A | — | — | — | — | 2.8 | 3.0 | +0.1 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Beyond Risk Management, Inc., Other Financial, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +450bps | 2.9 | 2.9 | 2.9 | +0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Ocelot Holdco LLC | Other | Fixed | 10.00% | — | — | 2.9 | 2.9 | 2.9 | +0.0 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Ocelot Holdco LLC, Construction Machinery, Takeback Term Loan | — | Fixed | 10.00% | — | — | 2.9 | 2.9 | 2.9 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Ocelot Holdco LLC, Takeback Term Loan | — | Fixed | 10.00% | — | — | 2.9 | 2.9 | 2.9 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | PDQ.Com Corporation, Business Equipment & Services, First Lien Senior Secured Term Loan 1 | — | Floating | 11.20% | — | +575bps | 3.0 | 2.9 | 2.9 | -0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Oracle Vision Bidco Limited | First Lien | Floating | 9.00% | — | +500bps | 3.1 | 3.2 | 2.9 | -0.3 | 0.30% | 2025-12-31 |
| BARINGS BDC, INC. | Navia Benefit Solutions, Inc., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 1 | — | Floating | 7.40% | — | +200bps | 3.0 | 2.9 | 2.9 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Oracle Vision Bidco Limited, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +475bps | 2.9 | 3.2 | 2.9 | -0.2 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | IM Square | First Lien | Floating | 7.60% | — | +555bps | 2.9 | 3.0 | 2.9 | -0.1 | 0.30% | 2025-12-31 |
| Barings BDC, Inc. | Rocade Holdings LLC | Second Lien | N/A | — | — | — | — | — | 2.9 | — | — | 2025-12-31 |
| Barings BDC, Inc. | OSP AFS Buyer, LLC | First Lien | Floating | 8.70% | — | +500bps | 3.0 | 2.9 | 2.9 | -0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Infoniqa Holdings GmbH, Technology, First Lien Senior Secured Term Loan | — | Floating | 8.70% | — | +475bps | 2.9 | 2.9 | 2.9 | -0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Ocelot Holdco LLC, Preferred Stock | — | N/A | — | — | — | — | 1.6 | 2.9 | +1.3 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Tank Holding Corp, First Lien Senior Secured Term Loan 2 | — | Floating | 10.70% | — | +600bps | 2.9 | 2.8 | 2.9 | +0.0 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Flywheel Holdings Segregated Portfolio 2025-2 | Equity | N/A | — | — | — | — | 2.8 | 2.9 | +0.1 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | CTI Foods Holdings Co., LLC, First Out Term Loan | — | Floating | — | — | +1000bps | 2.9 | 2.8 | 2.9 | +0.1 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Ocelot Holdco LLC | Equity | N/A | — | — | — | — | — | 2.8 | — | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Lifestyle Intermediate II, LLC, First Lien Senior Secured Term Loan | — | Floating | 11.90% | — | +700bps | 3.0 | 3.0 | 2.8 | -0.2 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | NeoxCo | First Lien | Floating | 9.10% | — | +650bps | 2.8 | 2.5 | 2.8 | +0.3 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Pare SAS (SAS Maurice MARLE), Health Care Equipment, First Lien Senior Secured Term Loan 1 | — | Floating | 9.20% | — | +525bps | 2.8 | 2.8 | 2.8 | -0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Patriot New Midco 1 Limited (Forensic Risk Alliance), Diversified Financial Services, First Lien Senior Secured Term Loan 2 | — | Floating | 12.30% | — | +675bps | 2.9 | 2.8 | 2.8 | -0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Oracle Vision Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +525bps | 2.9 | 3.2 | 2.8 | -0.4 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Qima Finance LTD | First Lien | Floating | 9.40% | — | +550bps | 2.9 | 2.8 | 2.8 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Ferrellgas L.P., Opco Preferred Units | — | N/A | — | — | — | — | 2.8 | 2.8 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Springbrook Software (SBRK Intermediate, Inc.), Enterprise Software & Services, First Lien Senior Secured Term Loan 2 | — | Floating | 12.00% | — | +650bps | 2.8 | 2.7 | 2.8 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Preqin MC Limited, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +500bps | 2.8 | 2.7 | 2.8 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Sanoptis S.A.R.L., First Lien Senior Secured Term Loan 2 | — | Floating | 7.00% | — | +575bps | 2.9 | 2.7 | 2.8 | +0.1 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | TA SL Cayman Aggregator Corp., Subordinated Term Loan | — | N/A | — | — | — | 2.8 | 2.8 | 2.8 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Preqin MC Limited, Banking, Finance, Insurance & Real Estate, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +525bps | 2.8 | 2.7 | 2.8 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Media Recovery, Inc. (SpotSee), Containers, Packaging & Glass, First Lien Senior Secured Term Loan 1 | — | Floating | 11.60% | — | +600bps | 2.9 | 2.9 | 2.8 | -0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | CW Group Holdings, LLC, High Tech Industries, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 2.8 | 2.7 | 2.8 | +0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Apidos CLO XXIV, Series 2016-24A | Subordinated | N/A | — | — | — | 18.4 | 3.5 | 2.8 | -0.7 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Mercell Holding AS, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +550bps | 2.8 | 3.1 | 2.8 | -0.4 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Innovative XCessories & Services, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.00% | — | +425bps | 2.9 | 2.8 | 2.7 | -0.1 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 2 | — | N/A | — | — | — | 8.3 | 8.1 | 2.7 | -5.3 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 3 | — | N/A | — | — | — | — | — | 2.7 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Permaconn BidCo Pty Ltd, Tele-communications, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +625bps | 2.8 | 2.7 | 2.7 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Dragon Bidco, Technology, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +675bps | 2.8 | 2.8 | 2.7 | -0.1 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Permaconn BidCo Pty Ltd | First Lien | Floating | 8.50% | — | +475bps | 2.7 | 2.7 | 2.7 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | CW Group Holdings, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.80% | — | +500bps | 2.7 | 2.7 | 2.7 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Infoniqa Holdings GmbH, First Lien Senior Secured Term Loan | — | Floating | 8.10% | — | +475bps | 2.7 | 2.9 | 2.7 | -0.2 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | IM Square, Banking, Finance, Insurance & Real Estate, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +550bps | 2.8 | 2.9 | 2.7 | -0.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | AirX Climate Solutions, Inc., First Lien Senior Secured Term Loan 1 | — | Floating | 9.40% | — | +500bps | 2.7 | 2.7 | 2.7 | +0.0 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | APC1 Holding | First Lien | Floating | 7.40% | — | +540bps | 2.7 | 2.3 | 2.7 | +0.4 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Global Academic Group Limited | First Lien | Floating | 8.60% | — | +491bps | 2.7 | 2.8 | 2.7 | -0.1 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Premium Franchise Brands, LLC, First Lien Senior Secured Term Loan 2 | — | Floating | 11.20% | — | +675bps | 2.7 | 2.7 | 2.7 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Pare SAS (SAS Maurice MARLE), First Lien Senior Secured Term Loan 1 | — | Floating | 9.00% | — | +525bps | 2.7 | 2.9 | 2.7 | -0.2 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Lifestyle Intermediate II, LLC, Consumer Goods: Durable, First Lien Senior Secured Term Loan | — | Floating | 12.70% | — | +700bps | 3.0 | 3.0 | 2.7 | -0.3 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Ferrellgas L.P., Oil & Gas Equipment & Services, Opco Preferred Units | — | N/A | — | — | — | — | 2.8 | 2.7 | -0.1 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Amalfi Midco | Equity | N/A | — | — | — | — | 1.1 | 2.7 | +1.5 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.) | First Lien | Floating | 8.40% | — | +475bps | 2.7 | 2.7 | 2.7 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), First Lien Senior Secured Term Loan | — | Floating | 8.80% | — | +425bps | 2.6 | 2.6 | 2.6 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Patriot New Midco 1 Limited (Forensic Risk Alliance), First Lien Senior Secured Term Loan 2 | — | Floating | 11.60% | — | +701bps | 2.6 | 2.6 | 2.6 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Iqor US Inc., Services: Business, First Lien Senior Secured Term Loan | — | Floating | 13.00% | — | +750bps | 2.7 | 2.7 | 2.6 | -0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Navia Benefit Solutions, Inc., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 2 | — | Floating | 10.40% | — | +500bps | 2.7 | 2.6 | 2.6 | -0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Americo Chemical Products, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 2.7 | 2.6 | 2.6 | +0.0 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Astra Bidco Limited | First Lien | Floating | 8.70% | — | +500bps | 2.6 | 2.5 | 2.6 | +0.1 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Syntax Midco 2 Inc. | First Lien | Floating | 8.50% | — | +475bps | 2.6 | 2.6 | 2.6 | -0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Brook & Whittle Holding Corp., Containers, Packaging & Glass, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +400bps | 2.8 | 2.8 | 2.6 | -0.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | MB Purchaser, LLC, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +475bps | 2.6 | 2.5 | 2.6 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Dragon Bidco, First Lien Senior Secured Term Loan | — | Floating | 8.60% | — | +550bps | 2.6 | 2.8 | 2.6 | -0.3 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Sanoptis S.A.R.L., Healthcare & Pharmaceuticals, First Lien Senior Secured Term Loan 1 | — | Floating | 9.40% | — | +550bps | 2.7 | 2.4 | 2.6 | +0.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | REP SEKO MERGER SUB LLC, First Out Term Loan | — | Floating | 12.50% | — | +800bps | 2.6 | 2.6 | 2.6 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., First Lien Senior Secured Term Loan 1 | — | Floating | 9.00% | — | +450bps | 2.6 | 2.6 | 2.6 | -0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Cascade Residential Services LLC,Electric,First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +500bps | 2.7 | 2.6 | 2.6 | -0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Qualified Industries, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +575bps | 2.6 | 2.6 | 2.6 | +0.0 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Zeppelin Bidco Limited | First Lien | Floating | 10.50% | — | +650bps | 2.6 | 2.0 | 2.6 | +0.6 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Credit Key Funding II LLC | Preferred | PIK Toggle | 10.00% | 10.00% | — | — | 2.6 | 2.6 | -0.0 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | BLI Buyer, Inc. | First Lien | Floating | 8.80% | — | +500bps | 2.6 | 2.5 | 2.5 | -0.0 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Pare SAS (SAS Maurice MARLE) | First Lien | Floating | 7.20% | — | +515bps | 2.5 | 2.4 | 2.5 | +0.1 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Permaconn BidCo Pty Ltd, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +525bps | 2.5 | 2.7 | 2.5 | -0.2 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | IM Square, First Lien Senior Secured Term Loan | — | Floating | 8.80% | — | +550bps | 2.6 | 3.0 | 2.5 | -0.4 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Sereni Capital NV, Consumer Cyclical, First Lien Senior Secured Term Loan 1 | — | Floating | 10.30% | — | +625bps | 2.6 | 2.5 | 2.5 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | JetBlue 2019-1 Class B Pass Through Trust, Structured Secured Note - Class B | — | Fixed | 8.00% | — | — | 2.5 | 2.5 | 2.5 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | APC1 Holding, Diversified Manufacturing, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +550bps | 2.5 | 2.3 | 2.5 | +0.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | WEST-NR ACQUISITIONCO, LLC, First Lien Senior Secured Term Loan 1 | — | Floating | 9.70% | — | +500bps | 2.6 | 2.5 | 2.5 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Starnmeer B.V., First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +500bps | 2.5 | 2.5 | 2.5 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Starnmeer B.V., Technology, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +600bps | 2.5 | 2.5 | 2.5 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Fortis Payment Systems, LLC, Other Financial, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +525bps | 2.5 | 2.4 | 2.5 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Global Academic Group Limited, Industrial Other, First Lien Senior Secured Term Loan 1 | — | Floating | 10.30% | — | +600bps | 2.5 | 2.5 | 2.5 | -0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Starnmeer B.V. | First Lien | Floating | 9.40% | — | +525bps | 2.5 | 2.5 | 2.5 | -0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Utac Ceram, First Lien Senior Secured Term Loan 2 | — | Floating | 9.40% | — | +675bps | 2.6 | 2.6 | 2.5 | -0.1 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Innovative XCessories & Services, LLC, Automotive, First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +425bps | 2.9 | 2.8 | 2.5 | -0.4 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | AMMC CLO 23, Ltd. Series 2020-23A, Multi-Sector Holdings, Subordinated Structured Notes 1 | — | N/A | — | — | — | 7.2 | 4.0 | 2.5 | -1.5 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | HemaSource, Inc. | First Lien | Floating | 8.20% | — | +450bps | 2.5 | 2.4 | 2.5 | +0.0 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Maia Bidco Limited | First Lien | Floating | 9.00% | — | +525bps | 2.5 | 2.5 | 2.5 | -0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Acclime Holdings HK Limited, Business services, First Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +625bps | 2.5 | 2.5 | 2.5 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Brook & Whittle Holding Corp., First Lien Senior Secured Term Loan | — | Floating | 8.70% | — | +400bps | 2.8 | 2.8 | 2.5 | -0.3 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | NeoxCo, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +650bps | 2.5 | 2.5 | 2.5 | -0.1 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Ocelot Holdco LLC | Preferred | PIK Only | — | 15.00% | — | — | 1.6 | 2.4 | +0.9 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Acclime Holdings HK Limited, First Lien Senior Secured Term Loan | — | Floating | 11.80% | — | +675bps | 2.5 | 2.5 | 2.4 | -0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Northstar Recycling, LLC, Environmental Industries, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +475bps | 2.5 | 2.4 | 2.4 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Tank Holding Corp, Metal & Glass Containers, First Lien Senior Secured Term Loan 2 | — | Floating | 11.50% | — | +600bps | 2.5 | 2.4 | 2.4 | +0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | World 50, Inc., Professional Services, First Lien Senior Secured Term Loan 1 | — | Floating | 10.10% | — | +450bps | 2.4 | 2.4 | 2.4 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Air Canada 2020-2 Class B Pass Through Trust, Structured Secured Note - Class B | — | Fixed | 9.00% | — | — | 2.4 | 2.4 | 2.4 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | WEST-NR ACQUISITIONCO, LLC,Insurance, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +625bps | 2.5 | 2.4 | 2.4 | +0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Patriot New Midco 1 Limited (Forensic Risk Alliance) | First Lien | Floating | 9.50% | — | +530bps | 2.4 | 2.4 | 2.4 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | TA SL Cayman Aggregator Corp., Technology, Subordinated Term Loan | — | N/A | — | — | — | 2.4 | 2.4 | 2.4 | -0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | NPM Investments 28 B.V. | First Lien | Floating | 7.20% | — | +518bps | 2.4 | 2.0 | 2.4 | +0.4 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Breeze Aviation Group Inc | Second Lien | Floating | 11.50% | — | +750bps | 2.4 | 2.4 | 2.4 | -0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Astra Bidco Limited, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +525bps | 2.4 | 2.4 | 2.4 | -0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | APC1 Holding, First Lien Senior Secured Term Loan | — | Floating | 8.70% | — | +540bps | 2.4 | 2.3 | 2.4 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Astra Bidco Limited, First Lien Senior Secured Term Loan 2 | — | Floating | 10.50% | — | +575bps | 2.4 | 2.5 | 2.4 | -0.1 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Catawba River Limited, Structured - Junior Note | — | N/A | — | — | — | 4.9 | 4.4 | 2.4 | -2.1 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Unosquare, LLC | First Lien | Floating | 8.50% | — | +475bps | 2.4 | 2.4 | 2.4 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | DreamStart Bidco SAS (d/b/a SmartTrade), Diversified Financial Services, First Lien Senior Secured Term Loan | — | Floating | 9.20% | — | +525bps | 2.3 | 2.3 | 2.3 | +0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Owl Intermediate Holdings, LLC | First Lien | Floating | 8.70% | — | +475bps | 2.5 | 2.4 | 2.3 | -0.1 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Lambir Bidco Limited | First Lien | Floating | 8.10% | — | +600bps | 2.4 | 2.3 | 2.3 | +0.1 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Patriot New Midco 1 Limited (Forensic Risk Alliance), Diversified Financial Services, First Lien Senior Secured Term Loan 1 | — | Floating | 10.70% | — | +675bps | 2.4 | 2.3 | 2.3 | +0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Adhefin International | First Lien | Floating | 7.10% | — | +510bps | 2.4 | 2.2 | 2.3 | +0.1 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Protego Bidco B.V. | Revolver | Floating | 8.60% | — | +650bps | 2.3 | 2.3 | 2.3 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Senior Unsecured Term Loan | — | Fixed | 6.00% | — | — | — | — | 2.3 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Senior Unsecured Term Loan | — | Fixed | 6.00% | — | — | 2.3 | 2.5 | 2.3 | -0.2 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Accelerant Holdings, Class B Convertible Preferred Equity | — | N/A | — | — | — | — | 1.7 | 2.3 | +0.6 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Global Academic Group Limited, First Lien Senior Secured Term Loan 1 | — | Floating | 9.30% | — | +550bps | 2.3 | 2.5 | 2.3 | -0.2 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Biolam Group, Consumer Non-cyclical, First Lien Senior Secured Term Loan | — | Floating | 5.50% | — | +425bps | 2.5 | 2.4 | 2.3 | -0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Brightpay Limited, Technology, First Lien Senior Secured Term Loan | — | Floating | 9.00% | — | +500bps | 2.3 | 2.3 | 2.2 | -0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Options Technology Ltd., Computer Services, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +475bps | 2.3 | 2.3 | 2.2 | -0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | White Bidco Limited | First Lien | Floating | 8.60% | — | +475bps | 2.3 | 2.2 | 2.2 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Senior Unsecured Term Loan, Controlled | — | Fixed | 6.00% | — | — | — | — | 2.2 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Senior Unsecured Term Loan | — | N/A | — | — | — | — | — | 2.2 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V.,Senior Unsecured Term Loan | — | Fixed | 6.00% | — | — | 2.2 | 2.3 | 2.2 | -0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Gusto Aus BidCo Pty Ltd., Consumer Non-Cyclical, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +650bps | 2.3 | 2.1 | 2.2 | +0.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | EMI Porta Holdco LLC, Diversified Manufacturing, Revolver | — | Floating | 11.50% | — | +575bps | 2.6 | 2.5 | 2.2 | -0.3 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | HS Advisory Buyer LLC | First Lien | Floating | 8.20% | — | +450bps | 2.3 | 2.2 | 2.2 | +0.0 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | TA KHP Aggregator, L.P. | Subordinated | Fixed | 12.50% | — | — | 2.2 | 2.2 | 2.2 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Medical Solutions Parent Holdings, Inc., Second Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +700bps | 4.4 | 4.4 | 2.2 | -2.2 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | MSI Express Inc. | First Lien | Floating | 8.50% | — | +475bps | 2.2 | 2.2 | 2.2 | -0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | DreamStart Bidco SAS (d/b/a SmartTrade), First Lien Senior Secured Term Loan | — | Floating | 8.60% | — | +525bps | 2.2 | 2.3 | 2.2 | -0.1 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | GMF Parent, Inc. | First Lien | Floating | 8.20% | — | +450bps | 2.2 | 2.2 | 2.2 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Avance Clinical Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +500bps | 2.4 | 2.4 | 2.2 | -0.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | The Octave Music Group, Inc., Partnership Equity | — | N/A | — | — | — | — | 0.7 | 2.2 | +1.5 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | NPM Investments 28 B.V., Healthcare, First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +600bps | 2.2 | 1.9 | 2.2 | +0.3 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Lambir Bidco Limited | Second Lien | PIK Only | — | 12.00% | — | 2.4 | 2.2 | 2.2 | -0.0 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | InvoCare Limited | First Lien | Floating | 8.70% | — | +500bps | 2.2 | 2.1 | 2.2 | +0.1 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | The Octave Music Group, Inc., Media: Diversified & Production, Partnership Equity | — | N/A | — | — | — | — | 0.7 | 2.2 | +1.5 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Riedel Beheer B.V. | First Lien | Floating | 8.30% | — | +625bps | 2.4 | 2.3 | 2.1 | -0.1 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Broadway Buyer, LLC | First Lien | Floating | 8.20% | — | +450bps | 2.2 | 2.1 | 2.1 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Aquavista Watersides 2 LTD, Second Lien Senior Secured Term Loan | — | Floating | — | — | +1050bps | 2.1 | 2.2 | 2.1 | -0.1 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Protego Bidco B.V., Aerospace & Defense, Revolver | — | Floating | 10.50% | — | +650bps | 2.2 | 2.3 | 2.1 | -0.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Eurofins Digital Testing International LUX Holding SARL, Technology, First Lien Senior Secured Term Loan 3 | — | Floating | 9.50% | — | +450bps | 2.4 | 2.3 | 2.1 | -0.2 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Lifestyle Intermediate II, LLC | First Lien | Floating | 10.90% | — | +700bps | 2.9 | 2.9 | 2.1 | -0.8 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | NeoxCo, Internet Software & Services, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +650bps | 2.1 | 2.0 | 2.1 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | APOG Bidco Pty Ltd, Healthcare, Second Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +725bps | 2.1 | 2.3 | 2.1 | -0.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Ocelot Holdco LLC, Construction Machinery, Preferred Stock | — | N/A | — | — | — | — | 1.6 | 2.1 | +0.5 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | REP SEKO MERGER SUB LLC | First Lien | Floating | 10.80% | — | +700bps | 2.8 | 2.8 | 2.1 | -0.7 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Riedel Beheer B.V., Food & Beverage, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +625bps | 2.3 | 2.3 | 2.1 | -0.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), First Lien Senior Secured Term Loan | — | Floating | 9.20% | — | +500bps | 2.1 | 2.0 | 2.1 | +0.0 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | EB Development | First Lien | Floating | 7.50% | — | +550bps | 2.1 | 1.8 | 2.1 | +0.3 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | CSL DualCom, Tele-communications, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +525bps | 2.1 | 1.9 | 2.1 | +0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | InvoCare Limited, Consumer Cyclical Services, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +625bps | 2.1 | 2.0 | 2.1 | +0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Patriot New Midco 1 Limited (Forensic Risk Alliance), First Lien Senior Secured Term Loan 1 | — | Floating | 9.80% | — | +675bps | 2.0 | 2.1 | 2.0 | -0.1 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Argus Bidco Limited | First Lien | PIK Toggle | 6.10% | 3.20% | +400bps | 2.2 | 1.9 | 2.0 | +0.1 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Azalea Buyer, Inc. | Subordinated | PIK Only | — | 12.00% | — | 2.0 | 2.0 | 2.0 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Unither (Uniholding), Pharma-ceuticals, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +625bps | 2.1 | 2.0 | 2.0 | +0.1 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | GB Eagle Buyer, Inc. | Other | N/A | — | — | — | — | 0.7 | 2.0 | +1.3 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | SCP Medical Products, LLC. | First Lien | Floating | 8.40% | — | +475bps | 2.0 | 2.0 | 2.0 | +0.0 | 0.40% | 2025-12-31 |
| BARINGS BDC, INC. | BigHand UK Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +550bps | 2.2 | 2.1 | 2.0 | -0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | CSL DualCom, First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +475bps | 2.0 | 1.9 | 2.0 | +0.1 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Senior Unsecured Term Loan, Controlled | — | N/A | — | — | — | — | — | 2.0 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, Common Stock | — | N/A | — | — | — | — | — | 2.0 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, Construction & Building, Common Stock | — | N/A | — | — | — | — | 5.2 | 2.0 | -3.2 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Finaxy Holding, Banking, Subordinated Term Loan | — | N/A | — | — | — | 2.0 | 1.9 | 2.0 | +0.1 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Moonlight Bidco Limited | First Lien | Floating | 8.80% | — | +510bps | 2.0 | 1.9 | 2.0 | +0.1 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Syntax Systems Ltd, Technology, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +550bps | 2.0 | 2.0 | 2.0 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Aptus 1829. GmbH, First Lien Senior Secured Term Loan | — | Floating | 8.40% | — | +575bps | 2.2 | 2.5 | 2.0 | -0.5 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Aptus 1829. GmbH, Chemicals, Plastics, and Rubber, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +650bps | 2.4 | 2.5 | 2.0 | -0.5 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Swoop Intermediate III, Inc. | First Lien | Floating | 8.20% | — | +450bps | 2.0 | 2.0 | 2.0 | +0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Polara Enterprises, L.L.C. | Other | N/A | — | — | — | — | 0.7 | 2.0 | +1.2 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Protego Bidco B.V., Revolver | — | Floating | 9.70% | — | +650bps | 2.0 | 2.3 | 2.0 | -0.3 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | EB Development, First Lien Senior Secured Term Loan | — | Floating | 8.30% | — | +550bps | 2.0 | 2.0 | 2.0 | -0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Avance Clinical Bidco Pty Ltd, First Lien Senior Secured Term Loan | — | Floating | 8.90% | — | +450bps | 2.0 | 2.2 | 2.0 | -0.2 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | InvoCare Limited, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +625bps | 2.0 | 2.1 | 2.0 | -0.1 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Riedel Beheer B.V., First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +625bps | 2.1 | 2.3 | 2.0 | -0.3 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Unither (Uniholding), First Lien Senior Secured Term Loan | — | Floating | 8.30% | — | +493bps | 2.0 | 2.0 | 2.0 | -0.0 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | The Octave Music Group, Inc. | Equity | N/A | — | — | — | — | 0.7 | 2.0 | +1.3 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Lambir Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 8.70% | — | +600bps | 2.0 | 2.2 | 2.0 | -0.2 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Accelerant Holdings, Banking, Finance, Insurance & Real Estate, Class B Convertible Preferred Equity | — | N/A | — | — | — | — | 1.7 | 1.9 | +0.3 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | REP SEKO MERGER SUB LLC, Air Freight & Logistics, First Lien Senior Secured Term Loan 2 | — | Floating | 10.40% | — | +500bps | 2.0 | 2.0 | 1.9 | -0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | CGI Parent, LLC | Preferred | N/A | — | — | — | — | 0.7 | 1.9 | +1.2 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | F24 (Stairway BidCo Gmbh), Software Services, First Lien Senior Secured Term Loan | — | Floating | 10.50% | — | +650bps | 2.0 | 2.1 | 1.9 | -0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Americo Chemicals Products, LLC, Chemicals, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 1.9 | 1.9 | 1.9 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Marshall Excelsior Co., Capital Goods, Revolver | — | Floating | 11.00% | — | +550bps | 2.0 | 2.0 | 1.9 | -0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | HomeX Services Group LLC | First Lien | Floating | 8.20% | — | +450bps | 1.9 | 1.9 | 1.9 | +0.0 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Sunrise Acquisition Bidco Limited | First Lien | Floating | 9.20% | — | +525bps | 2.0 | 1.8 | 1.9 | +0.0 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Recon Buyer LLC | First Lien | Floating | 8.60% | — | +475bps | 2.0 | 1.9 | 1.9 | -0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | DataServ Integrations, LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 1.9 | 1.9 | 1.9 | +0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Sinari Invest | First Lien | Floating | 8.50% | — | +650bps | 2.1 | 2.0 | 1.9 | -0.1 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | DataServ Integrations, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +550bps | 1.9 | 1.8 | 1.9 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | NPM Investments 28 B.V., First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +600bps | 1.9 | 1.7 | 1.9 | +0.1 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Catawba River Limited | Other | N/A | — | — | — | 4.6 | 3.9 | 1.9 | -2.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Apex Bidco Limited, Business Equipment & Services, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 1.9 | 1.9 | 1.9 | -0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Sinari Invest, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +600bps | 1.9 | 1.9 | 1.9 | -0.1 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Other Utility, First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +500bps | 1.9 | 1.9 | 1.9 | -0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Lambir Bidco Limited, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +625bps | 2.0 | 2.0 | 1.9 | -0.1 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | QPE7 SPV1 BidCo Pty Ltd, Consumer Cyclical, First Lien Senior Secured Term Loan | — | Floating | 8.80% | — | +450bps | 1.9 | 2.0 | 1.9 | -0.1 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | Sonicwall US Holdings Inc | First Lien | Floating | 9.20% | — | +550bps | 2.9 | 2.8 | 1.8 | -1.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Moonlight Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +575bps | 1.9 | 1.9 | 1.8 | -0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Moonlight Bidco Limited, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +625bps | 1.9 | 1.9 | 1.8 | -0.0 | 0.20% | 2023-12-31 |
| Barings BDC, Inc. | QPE7 SPV1 BidCo Pty Ltd | First Lien | Floating | 8.60% | — | +500bps | 1.8 | 2.0 | 1.8 | -0.2 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Sinari Invest, Technology, First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +600bps | 1.9 | 1.8 | 1.8 | +0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | WEST-NR ACQUISITIONCO, LLC, First Lien Senior Secured Term Loan 3 | — | Floating | 9.70% | — | +500bps | 2.0 | 1.8 | 1.8 | +0.0 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | Woodland Foods, LLC | Equity | N/A | — | — | — | — | 1.7 | 1.8 | +0.2 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Footco 40 Limited, Media & Entertainment, First Lien Senior Secured Term Loan | — | Floating | 11.90% | — | +675bps | 1.9 | 1.8 | 1.8 | -0.0 | 0.20% | 2023-12-31 |
| BARINGS BDC, INC. | Azalea Buyer, Inc., Subordinated Term Loan | — | N/A | — | — | — | 1.8 | 1.8 | 1.8 | +0.0 | 0.20% | 2024-12-31 |
| BARINGS BDC, INC. | Whitcraft Holdings, Inc., First Lien Senior Secured Term Loan 1 | — | Floating | 10.60% | — | +550bps | 1.8 | 1.8 | 1.8 | -0.0 | 0.20% | 2024-12-31 |
| Barings BDC, Inc. | R1 Holdings, LLC | Revolver | Floating | 9.90% | — | +625bps | 1.9 | 1.8 | 1.8 | -0.0 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Sapphire Bidco S.A.R.L. | First Lien | Floating | 7.00% | — | +500bps | 1.8 | 1.8 | 1.8 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, Limited Partnership Interest | — | N/A | — | — | — | — | — | 1.8 | — | — | 2022-12-31 |
| Barings BDC, Inc. | DAWGS Intermediate Holdings Co. | First Lien | Floating | 8.20% | — | +450bps | 1.8 | 1.8 | 1.8 | +0.0 | 0.20% | 2025-12-31 |
| Barings BDC, Inc. | Faraday | First Lien | Floating | 7.90% | — | +585bps | 1.8 | 1.6 | 1.8 | +0.2 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Professional Datasolutions, Inc. (PDI), Application Software, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +450bps | 1.8 | 1.8 | 1.8 | -0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Tanqueray Bidco Limited | First Lien | Floating | 9.20% | — | +525bps | 1.8 | 1.5 | 1.8 | +0.3 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Adhefin International, Industrial Other, First Lien Senior Term Loan | — | Floating | 10.40% | — | +650bps | 1.8 | 1.8 | 1.8 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Marmoutier Holding B.V., Consumer Products, First Lien Senior Secured Term Loan | — | Floating | 3.90% | — | +675bps | 2.4 | 2.4 | 1.8 | -0.6 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Beyond Risk Management, Inc. | First Lien | Floating | 8.40% | — | +450bps | 1.8 | 1.8 | 1.8 | +0.0 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, First Lien Senior Secured Term Loan 1 | — | Floating | 7.20% | — | +400bps | 1.9 | 1.9 | 1.8 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Accurus Aerospace Corporation, Revolver | — | Floating | 10.30% | — | +575bps | 1.8 | 1.8 | 1.8 | -0.1 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Greenhill II BV | First Lien | Floating | 7.40% | — | +535bps | 1.8 | 1.6 | 1.8 | +0.2 | 0.20% | 2025-12-31 |
| BARINGS BDC, INC. | Scaled Agile, Inc., Research & Consulting Services, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 1.8 | 1.8 | 1.8 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Media Recovery, Inc. (SpotSee), First Lien Senior Secured Term Loan 1 | — | Floating | 9.50% | — | +475bps | 1.8 | 1.7 | 1.7 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | White Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +550bps | 1.7 | 1.7 | 1.7 | +0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Hygie 31 Holding, Pharma-ceuticals, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +625bps | 1.8 | 1.5 | 1.7 | +0.2 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | UBC Ledgers Holding AB | First Lien | Floating | 7.10% | — | +525bps | 1.7 | 1.5 | 1.7 | +0.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | AMMC CLO 22, Limited Series 2018-22A, Subordinated Structured Notes | — | N/A | — | — | — | 7.2 | 2.4 | 1.7 | -0.7 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Broadstone Group UK LTD | First Lien | Floating | 8.70% | — | +475bps | 1.8 | 1.6 | 1.7 | +0.1 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Biolam Group | First Lien | PIK Only | — | 6.50% | +450bps | 2.9 | 2.5 | 1.7 | -0.8 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Biolam | First Lien | PIK Only | — | 6.50% | +450bps | — | — | 1.7 | — | — | 2025-12-31 |
| BARINGS BDC, INC. | Tanqueray Bidco Limited, Technology. First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +550bps | 1.7 | 1.5 | 1.7 | +0.2 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Lambir Bidco Limited, Second Lien Senior Secured Term Loan | — | N/A | — | — | — | 1.8 | 1.9 | 1.7 | -0.2 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Brightpay Limited, First Lien Senior Secured Term Loan 2 | — | Floating | 8.60% | — | +500bps | 1.8 | 1.9 | 1.7 | -0.2 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Adhefin International, First Lien Senior Secured Term Loan | — | Floating | 9.10% | — | +575bps | 1.7 | 1.8 | 1.7 | -0.1 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Footco 40 Limited | First Lien | Floating | 10.20% | — | +650bps | 1.7 | 1.6 | 1.7 | +0.1 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | CGI Parent, LLC, Preferred Stock | — | N/A | — | — | — | — | 0.7 | 1.7 | +1.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Zelda Luxco S.A.S | First Lien | Floating | 7.20% | — | +525bps | 1.8 | 1.7 | 1.7 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Aquavista Watersides 2 LTD, Transportation Services, Second Lien Senior Secured Term Loan | — | Floating | — | — | +1050bps | 1.8 | 1.9 | 1.7 | -0.2 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | QPE7 SPV1 BidCo Pty Ltd, First Lien Senior Secured Term Loan | — | Floating | 8.10% | — | +375bps | 1.7 | 2.0 | 1.7 | -0.3 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | White Bidco Limited, Technology, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 1.7 | 1.7 | 1.7 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | AnalytiChem Holding GmbH, Chemicals, First Lien Senior Secured Term Loan 2 | — | Floating | 11.00% | — | +700bps | 1.7 | 1.6 | 1.7 | +0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Interstellar Group B.V., Technology, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +550bps | 1.7 | 1.6 | 1.7 | +0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Murphy Midco Limited, Media, Diversified & Production, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +525bps | 1.7 | 1.7 | 1.7 | -0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Ruby Bidco Pty Ltd | First Lien | Floating | 9.00% | — | +525bps | 1.7 | 1.7 | 1.7 | -0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Dryden 43 Senior Loan Fund, Series 2016-43A, Multi-Sector Holdings, Subordinated Structured Notes | — | N/A | — | — | — | 3.6 | 2.1 | 1.6 | -0.4 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Protego Bidco B.V., First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +675bps | 1.7 | 1.9 | 1.6 | -0.2 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Tanqueray Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +525bps | 1.7 | 1.5 | 1.6 | +0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Murphy Midco Limited, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +525bps | 1.6 | 1.7 | 1.6 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | DecksDirect, LLC, Building Materials, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +625bps | 1.7 | 1.6 | 1.6 | -0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Interstellar Group B.V. | First Lien | Floating | 8.30% | — | +625bps | 1.8 | 1.6 | 1.6 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | ProfitOptics, LLC, Technology, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +575bps | 1.6 | 1.6 | 1.6 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 4 | — | Floating | 8.90% | — | +400bps | 1.7 | 1.6 | 1.6 | +0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Faraday, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +625bps | 1.7 | 1.6 | 1.6 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Protego Bidco B.V., Aerospace & Defense, First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +675bps | 1.7 | 1.7 | 1.6 | -0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | ProfitOptics, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +575bps | 1.6 | 1.6 | 1.6 | +0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Avance Clinical Bidco Pty Ltd | First Lien | Floating | 8.20% | — | +450bps | 1.6 | 1.7 | 1.6 | -0.1 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Bounteous, Inc., Technology, First Lien Senior Secured Term Loan | — | Floating | 10.70% | — | +525bps | 1.9 | 1.8 | 1.6 | -0.2 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Scaled Agile, Inc., First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +550bps | 1.8 | 1.8 | 1.6 | -0.2 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Accurus Aerospace Corporation, Aerospace & Defense, Revolver | — | Floating | 10.80% | — | +525bps | 1.7 | 1.6 | 1.6 | -0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Protego Bidco B.V. | First Lien | Floating | 8.10% | — | +600bps | 1.6 | 1.6 | 1.6 | -0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | ProfitOptics, LLC | First Lien | Floating | 9.60% | — | +575bps | 1.6 | 1.6 | 1.6 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Footco 40 Limited, First Lien Senior Secured Term Loan 2 | — | Floating | 11.50% | — | +650bps | 1.6 | 1.6 | 1.6 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Lambir Bidco Limited, Healthcare, Second Lien Senior Secured Term Loan | — | N/A | — | — | — | 1.7 | 1.7 | 1.6 | -0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, First Lien Senior Secured Term Loan 3 | — | Floating | 8.90% | — | +400bps | 1.7 | 1.6 | 1.6 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | AnalytiChem Holding GmbH, First Lien Senior Secured Term Loan 2 | — | Floating | 9.90% | — | +620bps | 1.6 | 1.6 | 1.6 | -0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Murphy Midco Limited | First Lien | Floating | 10.00% | — | +575bps | 1.8 | 1.7 | 1.6 | -0.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Kemmerer Operations, LLC, First Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | 1.6 | — | — | 2022-12-31 |
| Barings BDC, Inc. | Auxi International | First Lien | Floating | 8.30% | — | +625bps | 1.6 | 1.5 | 1.6 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Utac Ceram, Business Services, First Lien Senior Secured Term Loan 1 | — | Floating | 10.10% | — | +665bps | 1.7 | 1.7 | 1.6 | -0.2 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Scaled Agile, Inc. | First Lien | PIK Toggle | 6.00% | 3.80% | +225bps | 1.8 | 1.8 | 1.6 | -0.3 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Faraday, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +625bps | 1.6 | 1.6 | 1.6 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Shelf Bidco Ltd., Other Financial, Common Stock | — | N/A | — | — | — | — | 1.2 | 1.5 | +0.3 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Events Software BidCo Pty Ltd, Technology, First Lien Senior Secured Term Loan | — | Floating | 10.80% | — | +650bps | 1.7 | 1.9 | 1.5 | -0.3 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Rock Labor LLC, Media: Diversified & Production, LLC Units | — | N/A | — | — | — | — | 1.3 | 1.5 | +0.3 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Jon Bidco Limited | First Lien | Floating | 6.50% | — | +400bps | 1.6 | 1.7 | 1.5 | -0.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Azalea Buyer, Inc., Technology, Subordinated Term Loan | — | N/A | — | — | — | 1.6 | 1.5 | 1.5 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | UBC Ledgers Holding AB, Financial Other, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +525bps | 1.6 | 1.5 | 1.5 | +0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Sereni Capital NV, First Lien Senior Secured Term Loan 2 | — | Floating | 9.70% | — | +675bps | 1.5 | 1.6 | 1.5 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | CM Acquisitions Holdings Inc., First Lien Senior Secured Term Loan 1 | — | Floating | 7.80% | — | +600bps | 1.6 | 1.6 | 1.5 | -0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | CTI Foods Holdings Co., LLC | Equity | N/A | — | — | — | — | — | 1.5 | — | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Interstellar Group B.V., First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +600bps | 1.6 | 1.6 | 1.5 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Hygie 31 Holding, First Lien Senior Secured Term Loan | — | Floating | 8.80% | — | +563bps | 1.5 | 1.4 | 1.5 | +0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Pare SAS (SAS Maurice MARLE), First Lien Senior Secured Term Loan 2 | — | Floating | 9.90% | — | +525bps | 1.5 | 1.5 | 1.5 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Utac Ceram, First Lien Senior Secured Term Loan 1 | — | Floating | 4.90% | — | +460bps | 1.6 | 1.8 | 1.5 | -0.3 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Coherus Biosciences, Inc. | Other | N/A | — | — | — | — | 1.3 | 1.5 | +0.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Pare SAS (SAS Maurice MARLE), Health Care Equipment, First Lien Senior Secured Term Loan 2 | — | Floating | 10.60% | — | +525bps | 1.5 | 1.5 | 1.5 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | HomeX Services Group LLC, First Lien Senior Secured Term Loan | — | Floating | 9.10% | — | +450bps | 1.5 | 1.5 | 1.5 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | AMMC CLO 23, Ltd. Series 2020-23A, Multi-Sector Holdings, Subordinated Structured Notes 2 | — | N/A | — | — | — | 2.0 | 1.7 | 1.5 | -0.2 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Events Software BidCo Pty Ltd | First Lien | Floating | 10.20% | — | +650bps | 1.7 | 1.8 | 1.5 | -0.4 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | UBC Ledgers Holding AB, First Lien Senior Secured Term Loan 2 | — | Floating | 8.40% | — | +525bps | 1.4 | 1.5 | 1.4 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Auxi International, Commercial Finance, First Lien Senior Secured Term Loan 1 | — | Floating | 11.30% | — | +725bps | 1.5 | 1.5 | 1.4 | -0.1 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | PSP Intermediate 4, LLC | First Lien | Floating | 9.40% | — | +525bps | 1.4 | 1.4 | 1.4 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 3 | — | Floating | 10.70% | — | +675bps | 1.5 | 1.4 | 1.4 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | PSP Intermediate 4, LLC, First Lien Senior Secured Term Loan 2 | — | Floating | 10.50% | — | +575bps | 1.4 | 1.4 | 1.4 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Biolam Group, First Lien Senior Secured Term Loan | — | Floating | 5.50% | — | +425bps | 2.4 | 2.5 | 1.4 | -1.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Dune Group, Health Care Equipment, First Lien Senior Secured Term Loan 2 | — | Floating | 11.30% | — | +600bps | 1.4 | 1.4 | 1.4 | -0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Durare Bidco, LLC | First Lien | Floating | 8.60% | — | +475bps | 1.4 | 1.4 | 1.4 | +0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | BrightSign LLC | Other | N/A | — | — | — | — | 1.1 | 1.4 | +0.3 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | DecksDirect, LLC, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +625bps | 1.6 | 1.6 | 1.4 | -0.2 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Rock Labor LLC | Other | N/A | — | — | — | — | 1.3 | 1.4 | +0.1 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Moonlight Bidco Limited, Healthcare, Common Stock | — | N/A | — | — | — | — | 0.1 | 1.4 | +1.2 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Woodland Foods, LLC, Food & Beverage, Revolver | — | Floating | 11.40% | — | +575bps | 1.6 | 1.5 | 1.4 | -0.2 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Apex Bidco Limited, Business Equipment & Services, First Lien Senior Secured Term Loan1 | — | Floating | 11.70% | — | +650bps | 1.4 | 1.3 | 1.4 | +0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Auxi International, First Lien Senior Secured Term Loan 1 | — | Floating | 10.40% | — | +725bps | 1.4 | 1.5 | 1.4 | -0.2 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | GB Eagle Buyer, Inc., Partnership Units | — | N/A | — | — | — | — | 0.7 | 1.4 | +0.7 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | CGI Parent, LLC, Business Equipment & Services, First Lien Senior Secured Term Loan 2 | — | Floating | 11.30% | — | +575bps | 1.4 | 1.3 | 1.3 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Events Software BidCo Pty Ltd, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +650bps | 1.6 | 1.8 | 1.3 | -0.5 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Trystar, LLC, Power Distribution Solutions, Class A LLC Units | — | N/A | — | — | — | — | 0.5 | 1.3 | +0.8 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Canadian Orthodontic Partners Corp., Healthcare, First Lien Senior Secured Term Loan | — | Floating | 9.00% | — | +350bps | 1.7 | 1.9 | 1.3 | -0.5 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | United Therapy Holding III GmbH, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +575bps | 1.8 | 1.7 | 1.3 | -0.4 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Featherstone Bidco Limited | First Lien | Floating | 9.80% | — | +600bps | 1.3 | 1.3 | 1.3 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | PSP Intermediate 4, LLC, Technology, First Lien Senior Secured Term Loan 2 | — | Floating | 11.40% | — | +600bps | 1.4 | 1.4 | 1.3 | -0.1 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Cobham Slip Rings SAS | First Lien | Floating | 9.90% | — | +600bps | 1.3 | 1.3 | 1.3 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Cobham Slip Rings SAS, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +625bps | 1.3 | 1.3 | 1.3 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class A | — | N/A | — | — | — | — | — | 1.3 | — | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Air Comm Corporation, LLC, Aerospace & Defense, First Lien Senior Secured Term Loan, 1 | — | Floating | 11.70% | — | +625bps | 1.3 | 1.3 | 1.3 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Cobham Slip Rings SAS, Diversified Manufacturing, First Lien Senior Secured Term Loan | — | Floating | 11.60% | — | +625bps | 1.3 | 1.3 | 1.3 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | MSI Express Inc. | Revolver | Floating | 7.40% | — | +375bps | 1.3 | 1.3 | 1.3 | -0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Polara Enterprises, L.L.C., Capital Equipment, Partnership Units | — | N/A | — | — | — | — | 0.7 | 1.3 | +0.5 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | CAi Software, LLC, Technology, First Lien Senior Secured Term Loan 2 | — | Floating | 11.90% | — | +625bps | 1.4 | 1.3 | 1.3 | -0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Fineline Technologies, Inc, Consumer Services, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +475bps | 1.3 | 1.3 | 1.3 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | HomeX Services Group LLC, Home Construction, First Lien Senior Secured Term Loan | — | Floating | 10.90% | — | +550bps | 1.3 | 1.3 | 1.3 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | LogMeIn, Inc., High Tech Industries, First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +475bps | 1.9 | 1.9 | 1.3 | -0.6 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Woodland Foods, LLC, Common Stock | — | N/A | — | — | — | — | 1.7 | 1.3 | -0.4 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | 1888 Industrial Services, LLC, Revolver | — | N/A | — | — | — | — | — | 1.3 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, Warrants - Class A | — | N/A | — | — | — | — | — | 1.3 | — | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | CAi Software, LLC, Revolver | — | Floating | 10.10% | — | +525bps | 1.3 | 1.2 | 1.2 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Amalfi Midco, Class B Common Stock | — | N/A | — | — | — | — | 1.1 | 1.2 | +0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Smile Brands Group Inc., First Lien Senior Secured Term Loan 1 | — | Floating | 10.70% | — | +600bps | 1.4 | 1.3 | 1.2 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Polara Enterprises, L.L.C., Partnership Units | — | N/A | — | — | — | — | 0.7 | 1.2 | +0.5 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Xeinadin Bidco Limited | Equity | N/A | — | — | — | — | 0.6 | 1.2 | +0.7 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Accelevation LLC | First Lien | Floating | 8.40% | — | +450bps | 1.2 | 1.2 | 1.2 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | RA Outdoors, LLC, Revolver | — | Floating | 11.70% | — | +675bps | 1.3 | 1.3 | 1.2 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | United Therapy Holding III GmbH, First Lien Senior Secured Term Loan | — | Floating | 10.00% | — | +675bps | 1.7 | 1.7 | 1.2 | -0.5 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Application Boot Camp LLC | First Lien | Floating | 8.70% | — | +500bps | 1.2 | 1.2 | 1.2 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Skyvault Holdings LLC, LLC Units | — | N/A | — | — | — | — | 1.2 | 1.2 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., First Lien Senior Secured Term Loan 3 | — | Floating | 9.50% | — | +500bps | 1.2 | 1.2 | 1.2 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | CGI Parent, LLC, Business Equipment & Services, Preferred Stock | — | N/A | — | — | — | — | 0.7 | 1.2 | +0.5 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Amalfi Midco, Healthcare, Class B Common Stock | — | N/A | — | — | — | — | 1.0 | 1.2 | +0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Kemmerer Operations, LLC, Common Stock | — | N/A | — | — | — | — | — | 1.2 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Jade Bidco Limited (Jane's), Aerospace & Defense, First Lien Senior Secured Term Loan 1 | — | Floating | 9.30% | — | +525bps | 1.2 | 1.2 | 1.2 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | BrightSign LLC, LLC units | — | N/A | — | — | — | — | 1.1 | 1.2 | +0.1 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Amalfi Midco | Warrant | N/A | — | — | — | — | 0.0 | 1.2 | +1.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Eurofins Digital Testing International LUX Holding SARL, First Lien Senior Secured Term Loan 3 | — | Floating | — | — | +700bps | 2.4 | 2.3 | 1.2 | -1.1 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Whitcraft Holdings, Inc. | Other | N/A | — | — | — | — | 0.6 | 1.2 | +0.5 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Dune Group, First Lien Senior Secured Term Loan 3 | — | Floating | 6.30% | — | +400bps | 1.2 | 1.2 | 1.2 | -0.1 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | BKF Buyer, Inc. | Equity | N/A | — | — | — | — | 1.0 | 1.1 | +0.1 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Rock Labor LLC, LLC Units | — | N/A | — | — | — | — | 1.3 | 1.1 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Polara Enterprises, L.L.C., Capital Equipment, First Lien Senior Secured Term Loan | — | Floating | 10.20% | — | +475bps | 1.1 | 1.1 | 1.1 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | REP SEKO MERGER SUB LLC | Other | Floating | 13.90% | — | +1000bps | 1.1 | 1.1 | 1.1 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Jade Bidco Limited (Jane's), First Lien Senior Secured Term Loan 1 | — | Floating | 7.90% | — | +525bps | 1.1 | 1.2 | 1.1 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Benify (Bennevis AB), High Tech Industries, First Lien Senior Secured Term Loan | — | Floating | 9.30% | — | +525bps | 1.1 | 1.2 | 1.1 | -0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | BrightSign LLC, Revolver | — | Floating | 10.20% | — | +550bps | 1.1 | 1.1 | 1.1 | +0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | ORTEC INTERNATIONAL NEWCO B.V. | First Lien | Floating | 7.30% | — | +525bps | 1.1 | 1.0 | 1.1 | +0.1 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | VOYA CLO 2016-2, LTD., Subordinated Structured Notes | — | N/A | — | — | — | 11.1 | 2.5 | 1.1 | -1.4 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Expert Institute Group Inc. | First Lien | Floating | 8.10% | — | +425bps | 1.1 | 1.1 | 1.1 | +0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Sansidor BV | First Lien | Floating | 7.00% | — | +500bps | 1.1 | 1.0 | 1.1 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Groupe Product Life, Consumer Non-cyclical, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +650bps | 1.1 | 1.0 | 1.1 | +0.1 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Union Bidco Limited | First Lien | Floating | 8.50% | — | +430bps | 1.1 | 1.0 | 1.0 | +0.1 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Eurofins Digital Testing International LUX Holding SARL, Technology, First Lien Senior Secured Term Loan 1 | — | Floating | 8.50% | — | +450bps | 1.6 | 1.4 | 1.0 | -0.4 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | BKF Buyer, Inc., Common Stock | — | N/A | — | — | — | — | 1.0 | 1.0 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Woodland Foods, LLC, Revolver | — | Floating | 9.90% | — | +525bps | 1.1 | 1.0 | 1.0 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Innovad Group II BV, Beverage, Food & Tobacco, First Lien Senior Secured Term Loan 2 | — | Floating | 7.50% | — | +575bps | 1.1 | 1.0 | 1.0 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | SSCP Spring Bidco 3 Limited | First Lien | Floating | 10.40% | — | +645bps | 1.0 | 0.9 | 1.0 | +0.1 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | REP SEKO MERGER SUB LLC, First Lien Senior Secured Term Loan | — | Floating | 12.50% | — | +800bps | 1.0 | 1.0 | 1.0 | +0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | UHY Advisors, Inc. | Revolver | Floating | 8.60% | — | +475bps | 1.0 | 1.0 | 1.0 | +0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | TA KHP Aggregator, L.P. | First Lien | Floating | 7.90% | — | +425bps | 1.0 | 1.0 | 1.0 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Innovad Group II BV, First Lien Senior Secured Term Loan 2 | — | Floating | 6.00% | — | +500bps | 1.0 | 1.0 | 1.0 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Woodland Foods, LLC, Food & Beverage, Common Stock | — | N/A | — | — | — | — | 1.7 | 1.0 | -0.7 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Serta Simmons Bedding LLC | Equity | N/A | — | — | — | — | 1.6 | 1.0 | -0.6 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | AnalytiChem Holding GmbH, First Lien Senior Secured Term Loan 4 | — | Floating | 11.50% | — | +620bps | 1.0 | 1.0 | 1.0 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | AnalytiChem Holding GmbH, Chemicals, First Lien Senior Secured Term Loan 3 | — | Floating | 11.90% | — | +625bps | 1.0 | 1.0 | 1.0 | -0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Dunlipharder B.V. | First Lien | Floating | 9.20% | — | +525bps | 1.0 | 1.0 | 1.0 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Dunlipharder B.V., First Lien Senior Secured Term Loan | — | Floating | 9.90% | — | +525bps | 1.0 | 1.0 | 1.0 | +0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | BrightSign LLC | Revolver | Floating | 9.00% | — | +525bps | 1.0 | 1.0 | 1.0 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Dunlipharder B.V., Technology, First Lien Senior Secured Term Loan | — | Floating | 11.50% | — | +610bps | 1.0 | 1.0 | 1.0 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Whitcraft Holdings, Inc., Revolver | — | Floating | 11.10% | — | +650bps | 1.0 | 0.9 | 1.0 | +0.1 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | DecksDirect, LLC | First Lien | PIK Toggle | 10.40% | 0.30% | +650bps | 1.5 | 1.5 | 1.0 | -0.5 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | ORTEC INTERNATIONAL NEWCO B.V. Technology, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +575bps | 1.0 | 1.0 | 1.0 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Caribou Holding Company, LLC, Technology, LLC Units | — | N/A | — | — | — | — | 0.7 | 1.0 | +0.3 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, Investment Funds & Vehicles, Limited Partnership Interest | — | N/A | — | — | — | — | 8.0 | 1.0 | -7.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, Limited Partnership Interest 2 | — | N/A | — | — | — | — | — | 1.0 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, Limited Partnership Interest | — | N/A | — | — | — | — | — | 1.0 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Whitcraft Holdings, Inc., LP Units | — | N/A | — | — | — | — | 0.6 | 1.0 | +0.3 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Argus Bidco Limited | Second Lien | PIK Only | — | 10.50% | — | 1.1 | 0.9 | 1.0 | +0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Arc Education | First Lien | Floating | 6.00% | — | +400bps | 1.0 | 0.9 | 1.0 | +0.1 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | ITI Intermodal, Inc. | Equity | N/A | — | — | — | — | 0.8 | 1.0 | +0.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | AnalytiChem Holding GmbH, Chemicals, First Lien Senior Secured Term Loan 1 | — | Floating | 10.20% | — | +625bps | 1.0 | 0.9 | 1.0 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Polara Enterprises, L.L.C., First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +475bps | 1.0 | 0.9 | 1.0 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., First Lien Senior Secured Term Loan 2 | — | Floating | 9.30% | — | +475bps | 1.0 | 0.9 | 1.0 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | SSCP Spring Bidco 3 Limited, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 11.70% | — | +650bps | 1.0 | 0.9 | 0.9 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Polara Enterprises, L.L.C. | First Lien | Floating | 8.30% | — | +450bps | 0.9 | 0.9 | 0.9 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Catawba River Limited, Finance Companies, Structured - Junior Note | — | N/A | — | — | — | 5.0 | 4.4 | 0.9 | -3.5 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Utac Ceram, First Lien Senior Secured Term Loan 3 | — | Floating | 8.80% | — | +675bps | 1.0 | 1.0 | 0.9 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | VOYA CLO 2016-2, LTD., Multi-Sector Holdings, Subordinated Structured Notes | — | N/A | — | — | — | 11.1 | 2.7 | 0.9 | -1.8 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | SSCP Spring Bidco 3 Limited, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +645bps | 1.0 | 0.9 | 0.9 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Greenhill II BV, First Lien Senior Secured Term Loan | — | Floating | 8.30% | — | +510bps | 0.9 | 0.9 | 0.9 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Polymer Solutions Group Holdings, LLC, Chemicals, Plastics & Rubber, First Lien Senior Secured Term Loan | — | Floating | 12.40% | — | +700bps | 1.0 | 1.0 | 0.9 | -0.1 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Keystone Bidco B.V. | First Lien | Floating | 7.40% | — | +525bps | 0.9 | 0.9 | 0.9 | +0.1 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | ORTEC INTERNATIONAL NEWCO B.V., First Lien Senior Secured Term Loan | — | Floating | 8.50% | — | +575bps | 0.9 | 1.0 | 0.9 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | BrightSign LLC, Media & Entertainment, LLC units | — | N/A | — | — | — | — | 1.1 | 0.9 | -0.2 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Union Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 9.80% | — | +484bps | 0.9 | 0.9 | 0.9 | +0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | RA Outdoors, LLC | Revolver | PIK Only | — | 11.10% | +675bps | 1.4 | 1.4 | 0.9 | -0.5 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Amalfi Midco, Warrants | — | N/A | — | — | — | — | 0.0 | 0.9 | +0.9 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | EZ SMBO Bidco | First Lien | Floating | 7.80% | — | +500bps | 0.9 | 0.9 | 0.9 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | ITI Intermodal, Inc., Common Stock | — | N/A | — | — | — | — | 0.8 | 0.9 | +0.2 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | AnalytiChem Holding GmbH, First Lien Senior Secured Term Loan 3 | — | Floating | 10.70% | — | +695bps | 0.9 | 0.9 | 0.9 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Sereni Capital NV, First Lien Senior Secured Term Loan 1 | — | Floating | 8.70% | — | +600bps | 0.9 | 0.9 | 0.9 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | MNS Buyer, Inc., Construction and Building, First Lien Senior Secured Term Loan | — | Floating | 11.00% | — | +550bps | 0.9 | 0.9 | 0.9 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Medical Solutions Parent Holdings, Inc. | Second Lien | Floating | 10.90% | — | +700bps | 4.4 | 4.4 | 0.9 | -3.5 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Process Insights Acquisition, Inc. | Revolver | Floating | 10.10% | — | +625bps | 1.0 | 1.0 | 0.9 | -0.1 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Eurofins Digital Testing International LUX Holding SARL | First Lien | PIK Toggle | 10.30% | 1.00% | +600bps | 1.1 | 0.7 | 0.9 | +0.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Greenhill II BV, Technology, First Lien Senior Secured Term Loan | — | Floating | 9.20% | — | +525bps | 0.9 | 0.8 | 0.9 | +0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Process Insights Acquisition, Inc., Revolver | — | Floating | 10.60% | — | +625bps | 0.9 | 0.9 | 0.9 | -0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | ASC Communications, LLC | Other | N/A | — | — | — | — | 0.5 | 0.9 | +0.3 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | GB Eagle Buyer, Inc., Capital Goods, Partnership Units | — | N/A | — | — | — | — | 0.7 | 0.9 | +0.2 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Union Bidco Limited, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 11.40% | — | +600bps | 0.9 | 0.9 | 0.9 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | CH Buyer, LLC | First Lien | Floating | 10.20% | — | +625bps | 0.9 | 0.9 | 0.9 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Groupe Product Life, First Lien Senior Secured Term Loan | — | Floating | 8.50% | — | +545bps | 0.9 | 0.9 | 0.9 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | ASC Communications, LLC, Class A Units | — | N/A | — | — | — | — | 0.5 | 0.9 | +0.3 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | APOG Bidco Pty Ltd, Second Lien Senior Secured Term Loan | — | Floating | 12.00% | — | +730bps | 0.9 | 1.0 | 0.9 | -0.2 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | David Wood Baking UK Ltd | First Lien | Floating | 14.00% | — | +1000bps | 0.9 | 0.8 | 0.9 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | LivTech Purchaser, Inc., Business Services, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +500bps | 0.9 | 0.9 | 0.9 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Five Star Holding LLC, Packaging, LLC Units | — | N/A | — | — | — | — | 1.0 | 0.9 | -0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Benify (Bennevis AB), First Lien Senior Secured Term Loan | — | Floating | 8.40% | — | +525bps | 0.9 | 1.0 | 0.9 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | PSP Intermediate 4, LLC, First Lien Senior Secured Term Loan 1 | — | Floating | 8.80% | — | +575bps | 0.8 | 0.8 | 0.8 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Common LP Units | — | N/A | — | — | — | — | — | 0.8 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Other Financial, Common LP Units | — | N/A | — | — | — | — | — | 0.8 | — | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | BrightSign LLC, Media & Entertainment, Revolver | — | Floating | 11.20% | — | +575bps | 0.9 | 0.9 | 0.8 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Eurofins Digital Testing International LUX Holding SARL, First Lien Senior Secured Term Loan 1 | — | Floating | — | — | +700bps | 1.7 | 1.5 | 0.8 | -0.7 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, First Lien Senior Secured Term Loan | — | Floating | 9.60% | — | +425bps | 0.8 | 0.8 | 0.8 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Technology Service Stream BidCo Pty Ltd | First Lien | Floating | 8.80% | — | +500bps | 0.8 | 0.8 | 0.8 | +0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | EFC International | Other | PIK Only | — | 2.50% | +1100bps | 0.8 | 0.8 | 0.8 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | PSP Intermediate 4, LLC, Technology, First Lien Senior Secured Term Loan 1 | — | Floating | 9.90% | — | +600bps | 0.9 | 0.8 | 0.8 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | David Wood Baking UK Ltd, First Lien Senior Secured Term Loan | — | Floating | 14.70% | — | +1000bps | 0.9 | 0.8 | 0.8 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Anju Software, Inc. Application Software, Super Senior Secured Term Loan | — | N/A | — | — | — | 0.9 | 0.8 | 0.8 | -0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Solo Buyer, L.P. | Revolver | Floating | 10.00% | — | +625bps | 0.9 | 0.8 | 0.8 | -0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., Technology, First Lien Senior Secured Term Loan | — | Floating | 10.10% | — | +475bps | 0.8 | 0.8 | 0.8 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Diversified Packaging Holdings LLC | Second Lien | PIK Toggle | 11.00% | 1.50% | — | 0.8 | 0.8 | 0.8 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Whitcraft Holdings, Inc., Aerospace & Defense, LP Units | — | N/A | — | — | — | — | 0.6 | 0.8 | +0.2 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | BigHand UK Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 3 | — | Floating | 11.10% | — | +575bps | 0.9 | 0.9 | 0.8 | -0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | ITI Intermodal, Inc., First Lien Senior Secured Term Loan 1 | — | Floating | 10.60% | — | +625bps | 0.8 | 0.8 | 0.8 | +0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Syntax Midco 2 Inc. | Revolver | Floating | 8.50% | — | +475bps | 0.8 | 0.8 | 0.8 | -0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | EFC International, Senior Unsecured Term Loan | — | Fixed | 11.00% | — | — | 0.8 | 0.8 | 0.8 | +0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Kid Distro Holdings, LLC | Other | N/A | — | — | — | — | 0.6 | 0.8 | +0.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Serta Simmons Bedding LLC, Home Furnishings, Common Stock | — | N/A | — | — | — | — | 1.6 | 0.8 | -0.8 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Auxi International, Commercial Finance, First Lien Senior Secured Term Loan 2 | — | Floating | 12.40% | — | +725bps | 0.9 | 0.9 | 0.8 | -0.1 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | AIT Worldwide Logistics Holdings, Inc. | Other | N/A | — | — | — | — | 0.3 | 0.8 | +0.4 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Five Star Holding LLC | Other | N/A | — | — | — | — | 1.0 | 0.8 | -0.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | OA Buyer, Inc., Partnership Units | — | N/A | — | — | — | — | 0.2 | 0.8 | +0.6 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Auxi International, First Lien Senior Secured Term Loan 2 | — | Floating | 11.20% | — | +625bps | 0.8 | 0.9 | 0.8 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | MC Group Ventures Corporation, Business Services, Partnership Units | — | N/A | — | — | — | — | 0.7 | 0.8 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | RA Outdoors, LLC, High Tech Industries, Revolver | — | Floating | 12.00% | — | +675bps | 0.8 | 0.8 | 0.8 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, Second Lien Senior Secured Term Loan | — | N/A | — | — | — | 0.8 | 0.8 | 0.8 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Kid Distro Holdings, LLC, LLC Units | — | N/A | — | — | — | — | 0.6 | 0.8 | +0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | FragilePak LLC, Partnership Units | — | N/A | — | — | — | — | 0.9 | 0.8 | -0.2 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | EFC International, Automotive, Senior Unsecured Term Loan | — | Fixed | 11.00% | — | — | 0.8 | 0.8 | 0.8 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Resolute Investment Managers, Inc., Banking, Finance, Insurance & Real Estate, Second Lien Senior Secured Term Loan | — | Floating | 13.60% | — | +800bps | 5.1 | 5.1 | 0.8 | -4.3 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Narda Acquisitionco., Inc., Class B Common Stock | — | N/A | — | — | — | — | 0.1 | 0.7 | +0.7 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Ocelot Holdco LLC, Common Stock | — | N/A | — | — | — | — | — | 0.7 | — | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, High Tech Industries, Second Lien Term Loan Term Loan | — | N/A | — | — | — | 0.8 | 0.7 | 0.7 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Lattice Group Holdings Bidco Limited | First Lien | Floating | 9.50% | — | +550bps | 0.7 | 0.7 | 0.7 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Isagenix International, LLC, Wholesale, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +560bps | 0.8 | 0.5 | 0.7 | +0.2 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Team Air Distributing, LLC | Subordinated | Fixed | 14.00% | — | — | 0.8 | 0.7 | 0.7 | -0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Diversified Packaging Holdings LLC, Second Lien Senior Secured Term Loan | — | Fixed | 11.00% | — | — | 0.7 | 0.7 | 0.7 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | ITI Intermodal, Inc., Transportation Services, Common Stock | — | N/A | — | — | — | — | 0.8 | 0.7 | -0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | HeartHealth Bidco Pty Ltd | First Lien | Floating | 8.90% | — | +525bps | 0.8 | 0.8 | 0.7 | -0.1 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | MC Group Ventures Corporation | Other | N/A | — | — | — | — | 0.7 | 0.7 | -0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | ASC Communications, LLC, Media & Entertainment, Class A Units | — | N/A | — | — | — | — | 0.5 | 0.7 | +0.2 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Team Air Distributing, LLC, Subordinated Term Loan | — | Fixed | 12.00% | — | — | 0.7 | 0.7 | 0.7 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Eurofins Digital Testing International LUX Holding SARL, Technology, First Lien Senior Secured Term Loan 2 | — | Floating | 9.80% | — | +450bps | 0.8 | 0.8 | 0.7 | -0.1 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Advantage Software Company (The), LLC, Advertising, Printing & Publishing, Class A1 Partnership Units | — | N/A | — | — | — | — | 0.3 | 0.7 | +0.4 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | CTI Foods Holdings Co., LLC, Common Stock | — | N/A | — | — | — | — | — | 0.7 | — | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Randys Holdings, Inc. | Equity | N/A | — | — | — | — | 0.5 | 0.7 | +0.2 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Lattice Group Holdings Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 10.60% | — | +575bps | 0.7 | 0.7 | 0.7 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Caribou Holding Company, LLC, LLC Units | — | N/A | — | — | — | — | 0.7 | 0.7 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | MC Group Ventures Corporation, Partnership Units | — | N/A | — | — | — | — | 0.7 | 0.7 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Keystone Bidco B.V., First Lien Senior Secured Term Loan | — | Floating | 8.10% | — | +525bps | 0.7 | 0.7 | 0.7 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Technology Service Stream BidCo Pty Ltd, First Lien Senior Secured Term Loan | — | Floating | 10.30% | — | +550bps | 0.7 | 0.7 | 0.7 | -0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | HeartHealth Bidco Pty Ltd, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 9.40% | — | +475bps | 0.7 | 0.6 | 0.7 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | OSP Hamilton Purchaser, LLC | Revolver | Floating | 9.10% | — | +525bps | 0.7 | 0.7 | 0.7 | +0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Hydratech Holdings, Inc. | Revolver | Floating | 8.90% | — | +525bps | 0.7 | 0.7 | 0.7 | -0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | FragilePak LLC | Other | N/A | — | — | — | — | 0.9 | 0.7 | -0.3 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | MNS Buyer, Inc., First Lien Senior Secured Term Loan | — | Floating | 9.50% | — | +500bps | 0.7 | 0.7 | 0.7 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Lattice Group Holdings Bidco Limited, Technology, First Lien Senior Secured Term Loan | — | Floating | 11.10% | — | +575bps | 0.7 | 0.7 | 0.7 | -0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Compass Precision, LLC | Subordinated | PIK Toggle | 11.00% | 1.00% | — | 0.7 | 0.7 | 0.7 | +0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Bariacum S.A. | First Lien | PIK Only | — | 6.00% | +400bps | 3.5 | 3.3 | 0.7 | -2.6 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Serta Simmons Bedding LLC, Common Stock | — | N/A | — | — | — | — | 1.6 | 0.7 | -1.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Compass Precision, LLC, Senior Subordinated Term Loan | — | Fixed | 11.00% | — | — | 0.6 | 0.6 | 0.6 | -0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | SVI International LLC | First Lien | Floating | 10.70% | — | +675bps | 0.6 | 0.6 | 0.6 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | NF Holdco, LLC, Technology, LP Units | — | N/A | — | — | — | — | 0.7 | 0.6 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | FragilePak LLC, Transportation Services, Partnership Units | — | N/A | — | — | — | — | 0.9 | 0.6 | -0.3 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Team Air Distributing, LLC, Partnership Equity | — | N/A | — | — | — | — | 0.5 | 0.6 | +0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Compass Precision, LLC, Aerospace & Defense, Senior Subordinated Term Loan | — | Fixed | 11.00% | — | — | 0.6 | 0.6 | 0.6 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Randys Holdings, Inc., Partnership Units | — | N/A | — | — | — | — | 0.5 | 0.6 | +0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Syntax Systems Ltd, Technology, Revolver | — | Floating | 11.00% | — | +550bps | 0.6 | 0.6 | 0.6 | +0.0 | 0.10% | 2023-12-31 |
| Barings BDC, Inc. | Artemis Bidco Limited | First Lien | Floating | 7.00% | — | +500bps | 0.6 | 0.6 | 0.6 | +0.1 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | Argus Intermediate, LLC | Revolver | Floating | 8.50% | — | +475bps | 0.6 | 0.6 | 0.6 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Solo Buyer, L.P., Technology, Revolver | — | Floating | 11.70% | — | +625bps | 0.7 | 0.6 | 0.6 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Randys Holdings, Inc., Revolver | — | Floating | 11.20% | — | +625bps | 0.6 | 0.6 | 0.6 | +0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | Aegros Holdco 2 Ltd | Equity | N/A | — | — | — | — | 0.0 | 0.6 | +0.6 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | British Airways 2020-1 Class B Pass Through Trust, Airlines, Structured Secured Note - Class B | — | Fixed | 8.40% | — | — | 0.6 | 0.6 | 0.6 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | CMT Opco Holding, LLC (Concept Machine), Distributors, First Lien Senior Secured Term Loan 2 | — | Floating | 10.40% | — | +500bps | 0.7 | 0.7 | 0.6 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Parkview Dental Holdings LLC, First Lien Senior Secured Term Loan | — | Floating | 12.90% | — | +830bps | 0.6 | 0.6 | 0.6 | +0.0 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Parkview Dental Holdings LLC, Healthcare, First Lien Senior Secured Term Loan | — | Floating | 13.60% | — | +830bps | 0.6 | 0.6 | 0.6 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | HeartHealth Bidco Pty Ltd, First Lien Senior Secured Term Loan | — | Floating | 9.70% | — | +525bps | 0.7 | 0.7 | 0.6 | -0.1 | 0.10% | 2024-12-31 |
| BARINGS BDC, INC. | Classic Collision (Summit Buyer, LLC), Auto Collision Repair Centers, First Lien Senior Secured Term Loan 2 | — | Floating | 11.30% | — | +575bps | 0.6 | 0.6 | 0.6 | +0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | Kid Distro Holdings, LLC, Media & Entertainment, LLC Units | — | N/A | — | — | — | — | 0.6 | 0.6 | -0.0 | 0.10% | 2023-12-31 |
| BARINGS BDC, INC. | CTI Foods Holdings Co., LLC, Second Out Term Loan | — | Floating | — | — | +1200bps | 0.6 | 0.6 | 0.6 | +0.0 | 0.10% | 2024-12-31 |
| Barings BDC, Inc. | NAW Buyer LLC | Other | N/A | — | — | — | — | 0.5 | 0.6 | +0.1 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | SmartShift Group, Inc. | Equity | N/A | — | — | — | — | 0.3 | 0.6 | +0.3 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Advantage Software Company (The), LLC, Class A1 Partnership Units | — | N/A | — | — | — | — | 0.3 | 0.6 | +0.3 | — | 2024-12-31 |
| Barings BDC, Inc. | Parkview Dental Holdings LLC | First Lien | Floating | 12.00% | — | +830bps | 0.6 | 0.6 | 0.6 | +0.0 | 0.10% | 2025-12-31 |
| BARINGS BDC, INC. | Qualified Industries, LLC, Consumer Cyclical, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +575bps | 0.6 | 0.6 | 0.6 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Team Air Distributing, LLC, Consumer Cyclical, Subordinated Term Loan | — | Fixed | 12.00% | — | — | 0.6 | 0.6 | 0.6 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., Technology, First Lien Senior Secured Term Loan1 | — | Floating | 10.40% | — | +500bps | 0.6 | 0.6 | 0.6 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | SVI International LLC, First Lien Senior Secured Term Loan | — | Floating | 11.30% | — | +675bps | 0.6 | 0.6 | 0.6 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Xeinadin Bidco Limited, Financial Other, Common Stock | — | N/A | — | — | — | — | 0.6 | 0.6 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Sound Point CLO XX, Ltd., Multi-Sector Holdings, Subordinated Structured Notes | — | N/A | — | — | — | 4.5 | 1.8 | 0.6 | -1.2 | — | 2023-12-31 |
| BARINGS BDC, INC. | Narda Acquisitionco., Inc., Class A Preferred Stock | — | N/A | — | — | — | — | 0.5 | 0.6 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Common Stock Series A, Controlled | — | N/A | — | — | — | — | — | 0.6 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Xeinadin Bidco Limited, Common Stock | — | N/A | — | — | — | — | 0.6 | 0.6 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Gulf Finance, LLC, Oil & Gas Exploration & Production, First Lien Senior Secured Term Loan | — | Floating | 12.20% | — | +675bps | 0.6 | 0.6 | 0.6 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Randys Holdings, Inc., Automobile Manufacturers. Partnership Units | — | N/A | — | — | — | — | 0.5 | 0.6 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Vital Buyer, LLC | Other | N/A | — | — | — | — | 0.2 | 0.6 | +0.4 | — | 2025-12-31 |
| BARINGS BDC, INC. | Five Star Holding LLC, LLC Units | — | N/A | — | — | — | — | 1.0 | 0.6 | -0.4 | — | 2024-12-31 |
| BARINGS BDC, INC. | NF Holdco, LLC, LLC Units | — | N/A | — | — | — | — | 0.7 | 0.6 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Polymer Solutions Group Holdings, LLC, First Lien Senior Secured Term Loan | — | Floating | 11.30% | — | +700bps | 1.0 | 1.0 | 0.6 | -0.4 | — | 2024-12-31 |
| Barings BDC, Inc. | Woodland Foods, LLC | Preferred | PIK Only | — | 20.00% | — | — | 0.5 | 0.6 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | AIT Worldwide Logistics Holdings, Inc., Partnership Units | — | N/A | — | — | — | — | 0.3 | 0.6 | +0.2 | — | 2024-12-31 |
| BARINGS BDC, INC. | Ocelot Holdco LLC, Construction Machinery, Super Senior Takeback Loan | — | Fixed | 10.00% | — | — | 0.5 | 0.5 | 0.5 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Ocelot Holdco LLC, Super Senior Takeback Loan | — | Fixed | 10.00% | — | — | 0.5 | 0.5 | 0.5 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | EMI Porta Holdco LLC, Revolver | — | Floating | 10.50% | — | +575bps | 0.7 | 0.7 | 0.5 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Eurofins Digital Testing International LUX Holding SARL, Technology, Senior Subordinated Term Loan | — | N/A | — | — | — | 0.6 | 0.6 | 0.5 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | AIT Worldwide Logistics Holdings, Inc., Transportation Services, Partnership Units | — | N/A | — | — | — | — | 0.3 | 0.5 | +0.2 | — | 2023-12-31 |
| BARINGS BDC, INC. | Safety Products Holdings, LLC, Preferred Stock | — | N/A | — | — | — | — | 0.4 | 0.5 | +0.2 | — | 2024-12-31 |
| BARINGS BDC, INC. | UBC Ledgers Holding AB, First Lien Senior Secured Term Loan 1 | — | Floating | 9.60% | — | +525bps | 0.5 | 0.6 | 0.5 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Narda Acquisitionco., Inc., Aerospace & Defense, Class A Preferred Stock | — | N/A | — | — | — | — | 0.5 | 0.5 | +0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | Sansidor BV, First Lien Senior Secured Term Loan | — | Floating | 8.60% | — | +525bps | 0.6 | 0.6 | 0.5 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Rapid Buyer LLC, LLC Units | — | N/A | — | — | — | — | 0.5 | 0.5 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Origin Bidco Limited, Technology, First Lien Senior Secured Term Loan 2 | — | Floating | 10.70% | — | +525bps | 0.5 | 0.5 | 0.5 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Origin Bidco Limited | First Lien | Floating | 9.10% | — | +500bps | 0.5 | 0.5 | 0.5 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Amalfi Midco, Healthcare, Warrant | — | N/A | — | — | — | — | 0.0 | 0.5 | +0.5 | — | 2023-12-31 |
| BARINGS BDC, INC. | GCDL LLC, First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +600bps | 0.5 | 0.5 | 0.5 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | NAW Buyer LLC, LLC Units | — | N/A | — | — | — | — | 0.5 | 0.5 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Revolver | — | Floating | 13.10% | — | +775bps | 0.6 | 0.6 | 0.5 | -0.1 | — | 2023-12-31 |
| Barings BDC, Inc. | TAPCO Buyer LLC | Other | N/A | — | — | — | — | 0.4 | 0.5 | +0.2 | — | 2025-12-31 |
| BARINGS BDC, INC. | Origin Bidco Limited, First Lien Senior Secured Term Loan 2 | — | Floating | 10.00% | — | +525bps | 0.5 | 0.5 | 0.5 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | EMI Porta Holdco LLC | Revolver | Floating | 9.60% | — | +575bps | 0.8 | 0.8 | 0.5 | -0.2 | — | 2025-12-31 |
| BARINGS BDC, INC. | Accurus Aerospace Corporation, Aerospace & Defense, Common Stock | — | N/A | — | — | — | — | 0.4 | 0.5 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Russell Investments US Institutional Holdco, Inc., First Lien Senior Secured Term Loan | — | Floating | 8.20% | — | +500bps | 0.5 | 0.5 | 0.5 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | British Airways 2020-1 Class B Pass Through Trust, First Lien Senior Secured Bond | — | Fixed | 8.40% | — | — | 0.5 | 0.5 | 0.5 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Coyo Uprising GmbH, Technology, Class B Units | — | N/A | — | — | — | — | 0.4 | 0.5 | +0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | Randys Holdings, Inc., Automobile Manufacturers. Revolver | — | Floating | 11.90% | — | +650bps | 0.5 | 0.5 | 0.5 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | GCDL LLC | First Lien | Floating | 9.60% | — | +600bps | 0.5 | 0.5 | 0.5 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Safety Products Holdings, LLC | Preferred | N/A | — | — | — | — | 0.4 | 0.5 | +0.1 | — | 2025-12-31 |
| Barings BDC, Inc. | CW Group Holdings, LLC | Other | N/A | — | — | — | — | 0.2 | 0.5 | +0.3 | — | 2025-12-31 |
| BARINGS BDC, INC. | Vista Global Holding Ltd, Structured Secured Note - Class C | — | Fixed | 9.50% | — | — | 0.5 | 0.5 | 0.5 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | ZB Holdco LLC, Revolver | — | Floating | 10.30% | — | +550bps | 0.5 | 0.5 | 0.5 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Echo Global Logistics, Inc., Air Transportation, Partnership Equity | — | N/A | — | — | — | — | 0.5 | 0.5 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | SmartShift Group, Inc., Common Stock | — | N/A | — | — | — | — | 0.3 | 0.5 | +0.2 | — | 2024-12-31 |
| Barings BDC, Inc. | Vista Global Holding Ltd | Other | Fixed | 9.50% | — | — | 0.5 | 0.5 | 0.5 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | NAW Buyer LLC, Technology, Equity Co Invest | — | N/A | — | — | — | — | 0.5 | 0.5 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | R1 Holdings, LLC, Revolver | — | Floating | 10.80% | — | +625bps | 0.5 | 0.4 | 0.5 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Unither (Uniholding) | First Lien | Floating | 6.70% | — | +470bps | 0.5 | 0.4 | 0.5 | +0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | Safety Products Holdings, LLC, Non-durable Consumer Goods, Preferred Stock | — | N/A | — | — | — | — | 0.4 | 0.5 | +0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | Solo Buyer, L.P., Revolver | — | Floating | 10.70% | — | +625bps | 0.5 | 0.5 | 0.5 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | WWEC Holdings III Corp, Capital Goods, Revolver | — | Floating | 11.10% | — | +575bps | 0.5 | 0.4 | 0.5 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Burgess Point Purchaser Corporation, Auto Parts & Equipment, LP Units | — | N/A | — | — | — | — | 0.5 | 0.5 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Diversified Packaging Holdings LLC | Other | N/A | — | — | — | — | 0.3 | 0.5 | +0.2 | — | 2025-12-31 |
| BARINGS BDC, INC. | Eurofins Digital Testing International LUX Holding SARL, First Lien Senior Secured Term Loan 2 | — | Floating | — | — | +700bps | 0.9 | 0.8 | 0.5 | -0.3 | — | 2024-12-31 |
| BARINGS BDC, INC. | Burgess Point Purchaser Corporation, LP Units | — | N/A | — | — | — | — | 0.5 | 0.5 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Groupe Product Life | First Lien | Floating | 8.00% | — | +600bps | 0.6 | 0.5 | 0.4 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Superjet Buyer, LLC, Technology, Revolver | — | Floating | 10.90% | — | +550bps | 0.5 | 0.4 | 0.4 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Scout Bidco B.V., First Lien Senior Secured Term Loan 2 | — | Floating | 10.10% | — | +557bps | 0.4 | 0.4 | 0.4 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class B | — | N/A | — | — | — | — | — | 0.4 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Dryden 49 Senior Loan Fund, Series 2017-49A, Subordinated Structured Notes | — | N/A | — | — | — | 17.2 | 2.8 | 0.4 | -2.3 | — | 2024-12-31 |
| BARINGS BDC, INC. | Scout Bidco B.V., Diversified Manufacturing, First Lien Senior Secured Term Loan 2 | — | Floating | 11.10% | — | +575bps | 0.4 | 0.4 | 0.4 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Vital Buyer, LLC, Technology, Partnership Units | — | N/A | — | — | — | — | 0.2 | 0.4 | +0.3 | — | 2023-12-31 |
| BARINGS BDC, INC. | OSP Hamilton Purchaser, LLC, Revolver | — | Floating | 9.80% | — | +525bps | 0.4 | 0.4 | 0.4 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Woodland Foods, LLC, Preferred Stock | — | N/A | — | — | — | — | 0.4 | 0.4 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, Warrants - Class B | — | N/A | — | — | — | — | — | 0.4 | — | — | 2024-12-31 |
| Barings BDC, Inc. | ProfitOptics, LLC | Other | N/A | — | — | — | — | 0.2 | 0.4 | +0.3 | — | 2025-12-31 |
| Barings BDC, Inc. | NF Holdco, LLC | Revolver | Floating | 10.20% | — | +650bps | 0.5 | 0.5 | 0.4 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Coyo Uprising GmbH | Other | N/A | — | — | — | — | 0.4 | 0.4 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Team Air Distributing, LLC, Consumer Cyclical, Partnership Equity | — | N/A | — | — | — | — | 0.4 | 0.4 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Echo Global Logistics, Inc., Partnership Equity | — | N/A | — | — | — | — | 0.5 | 0.4 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | NF Holdco, LLC, Technology, Revolver | — | Floating | 11.80% | — | +650bps | 0.4 | 0.4 | 0.4 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Kanawha Scales & Systems, LLC | First Lien | Floating | 8.10% | — | +425bps | 0.4 | 0.4 | 0.4 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Scout Bidco B.V., Diversified Manufacturing, Revolver | — | Floating | 9.70% | — | +575bps | 0.4 | 0.4 | 0.4 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | DAWGS Intermediate Holdings Co. | Other | N/A | — | — | — | — | 0.3 | 0.4 | +0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | LeadsOnline, LLC, Business Equipment & Services, Revolver | — | Floating | 11.20% | — | +575bps | 0.4 | 0.4 | 0.4 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Common Stock Series A | — | N/A | — | — | — | — | — | 0.4 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Common Stock Series A | — | N/A | — | — | — | — | 0.6 | 0.4 | -0.2 | — | 2024-12-31 |
| BARINGS BDC, INC. | Astra Bidco Limited, First Lien Senior Secured Term Loan 1 | — | Floating | 8.50% | — | +550bps | 0.4 | 0.4 | 0.4 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Royal Buyer, LLC, Industrial Other, Revolver | — | Floating | 10.90% | — | +550bps | 0.4 | 0.4 | 0.4 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Vital Buyer, LLC, Partnership Units | — | N/A | — | — | — | — | 0.2 | 0.4 | +0.2 | — | 2024-12-31 |
| BARINGS BDC, INC. | Brightpay Limited, First Lien Senior Secured Term Loan | — | Floating | 8.20% | — | +500bps | 0.4 | 0.4 | 0.4 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Compass Precision, LLC | Other | N/A | — | — | — | — | 0.1 | 0.4 | +0.3 | — | 2025-12-31 |
| BARINGS BDC, INC. | Solo Buyer, L.P., Technology, Partnership Units | — | N/A | — | — | — | — | 0.5 | 0.4 | -0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | Coyo Uprising GmbH, Class B Units | — | N/A | — | — | — | — | 0.4 | 0.4 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | EFC International, Common Stock | — | N/A | — | — | — | — | 0.2 | 0.4 | +0.1 | — | 2024-12-31 |
| Barings BDC, Inc. | Advantage Software Company (The), LLC | Other | N/A | — | — | — | — | 0.3 | 0.4 | +0.1 | — | 2025-12-31 |
| Barings BDC, Inc. | SVI International LLC | Other | N/A | — | — | — | — | 0.2 | 0.4 | +0.2 | — | 2025-12-31 |
| Barings BDC, Inc. | Rapid Buyer LLC | Other | N/A | — | — | — | — | 0.5 | 0.4 | -0.2 | — | 2025-12-31 |
| BARINGS BDC, INC. | Jones Fish Hatcheries & Distributors LLC, LLC Units | — | N/A | — | — | — | — | 0.1 | 0.4 | +0.3 | — | 2024-12-31 |
| Barings BDC, Inc. | Apex Bidco Limited | Subordinated | PIK Only | — | 9.00% | — | 0.4 | 0.4 | 0.4 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | CW Group Holdings, LLC, LLC Units | — | N/A | — | — | — | — | 0.2 | 0.4 | +0.2 | — | 2024-12-31 |
| Barings BDC, Inc. | Polymer Solutions Group Holdings, LLC | First Lien | PIK Only | — | 11.40% | +700bps | 1.0 | 1.0 | 0.4 | -0.6 | — | 2025-12-31 |
| Barings BDC, Inc. | Scout Bidco B.V. | Revolver | Floating | 7.50% | — | +550bps | 0.5 | 0.4 | 0.4 | -0.1 | — | 2025-12-31 |
| Barings BDC, Inc. | Amalfi Midco | Second Lien | Fixed | 15.50% | — | — | 0.4 | 0.3 | 0.4 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Bishop Street Underwriters, LLC | Other | N/A | — | — | — | — | 0.3 | 0.4 | +0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | Canadian Orthodontic Partners Corp., First Lien Senior Secured Term Loan | — | Floating | — | — | +700bps | 1.6 | 1.9 | 0.4 | -1.5 | — | 2024-12-31 |
| Barings BDC, Inc. | Ice House America, L.L.C. | Revolver | Floating | 9.90% | — | +600bps | 0.4 | 0.4 | 0.4 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | GCDL LLC | Equity | N/A | — | — | — | — | 0.2 | 0.4 | +0.1 | — | 2025-12-31 |
| Barings BDC, Inc. | Electric Equipment & Engineering Co. | Other | N/A | — | — | — | — | 0.2 | 0.4 | +0.2 | — | 2025-12-31 |
| BARINGS BDC, INC. | BigHand UK Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 2 | — | Floating | 11.10% | — | +575bps | 0.4 | 0.4 | 0.4 | -0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Echo Global Logistics, Inc. | Equity | N/A | — | — | — | — | 0.5 | 0.4 | -0.2 | — | 2025-12-31 |
| BARINGS BDC, INC. | HemaSource, Inc., Healthcare., Revolver | — | Floating | 11.40% | — | +600bps | 0.4 | 0.3 | 0.3 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Process Insights Acquisition, Inc., Electronics, Common Stock | — | N/A | — | — | — | — | 0.3 | 0.3 | +0.1 | — | 2023-12-31 |
| Barings BDC, Inc. | DAWGS Intermediate Holdings Co. | Revolver | Floating | 8.20% | — | +450bps | 0.3 | 0.3 | 0.3 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | NAW Buyer LLC, Technology, Revolver | — | Floating | 11.10% | — | +575bps | 0.4 | 0.3 | 0.3 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Burgess Point Purchaser Corporation | Other | N/A | — | — | — | — | 0.5 | 0.3 | -0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | Diversified Packaging Holdings LLC, LLC Units | — | N/A | — | — | — | — | 0.3 | 0.3 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Adhefin International, Subordinated Term Loan | — | Floating | — | — | +1050bps | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Origin Bidco Limited, Technology, First Lien Senior Secured Term Loan 1 | — | Floating | 9.20% | — | +525bps | 0.3 | 0.4 | 0.3 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Solo Buyer, L.P., Partnership Units | — | N/A | — | — | — | — | 0.5 | 0.3 | -0.2 | — | 2024-12-31 |
| Barings BDC, Inc. | Electric Equipment & Engineering Co. | First Lien | Fixed | 13.50% | — | — | 0.3 | 0.3 | 0.3 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Polara Enterprises, L.L.C. | Revolver | Floating | 8.30% | — | +450bps | 0.3 | 0.3 | 0.3 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Ice House America, L.L.C., LLC Units | — | N/A | — | — | — | — | 0.3 | 0.3 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Broadway Buyer, LLC | Other | N/A | — | — | — | — | 0.3 | 0.3 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Cascade Residential Services LLC, Revolver | — | Floating | 10.60% | — | +600bps | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Common Stock Series A, Controlled | — | N/A | — | — | — | — | — | 0.3 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Common Stock Series A | — | N/A | — | — | — | — | — | 0.3 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V., Electrical Engineering, Common Stock Series A | — | N/A | — | — | — | — | 0.6 | 0.3 | -0.2 | — | 2023-12-31 |
| Barings BDC, Inc. | SPATCO Energy Solutions, LLC | Equity | N/A | — | — | — | — | 0.3 | 0.3 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 2 | — | Floating | 7.60% | — | +400bps | 0.3 | 0.3 | 0.3 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Electric Equipment & Engineering Co., First Lien Senior Secured Term Loan | — | Fixed | 10.50% | — | — | 0.3 | 0.3 | 0.3 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Azalea Buyer, Inc. | Equity | N/A | — | — | — | — | 0.2 | 0.3 | +0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | Scaled Agile, Inc., Revolver | — | Floating | 10.20% | — | +550bps | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | DecksDirect, LLC, Revolver | — | Floating | 10.90% | — | +625bps | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | EFC International, Automotive, Common Stock | — | N/A | — | — | — | — | 0.2 | 0.3 | +0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | Origin Bidco Limited, First Lien Senior Secured Term Loan 1 | — | Floating | 8.10% | — | +525bps | 0.3 | 0.4 | 0.3 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Adhefin International, Industrial Subordinated Term Loan | — | Floating | — | — | +1050bps | 0.3 | 0.3 | 0.3 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Parkview Dental Holdings LLC, Healthcare, LLC Units | — | N/A | — | — | — | — | 0.3 | 0.3 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Apex Bidco Limited, Subordinated Senior Unsecured Term Loan | — | N/A | — | — | — | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Scaled Agile, Inc. | Revolver | PIK Toggle | 6.00% | 3.80% | +225bps | 0.3 | 0.3 | 0.3 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Comply365, LLC | Revolver | Floating | 8.90% | — | +500bps | 0.3 | 0.3 | 0.3 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Amalfi Midco, Second Lien Senior Secured Term Loan | — | Fixed | 17.50% | — | — | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | CW Group Holdings, LLC, High Tech Industries, LLC Units | — | N/A | — | — | — | — | 0.2 | 0.3 | +0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | Azalea Buyer, Inc., Common Stock | — | N/A | — | — | — | — | 0.2 | 0.3 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Azalea Buyer, Inc., Technology, Common Stock | — | N/A | — | — | — | — | 0.2 | 0.3 | +0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | SmartShift Group, Inc., Technology, Common Stock | — | N/A | — | — | — | — | 0.3 | 0.3 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Apex Bidco Limited, Business Equipment & Services, Subordinated Senior Unsecured Term Loan | — | N/A | — | — | — | 0.3 | 0.3 | 0.3 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Xeinadin Bidco Limited, First Lien Senior Secured Term Loan 1 | — | Floating | 8.20% | — | +525bps | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | SPATCO Energy Solutions, LLC, Common Stock | — | N/A | — | — | — | — | 0.3 | 0.3 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Application Boot Camp LLC | Equity | N/A | — | — | — | — | 0.2 | 0.3 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | SVI International LLC, LLC Units | — | N/A | — | — | — | — | 0.2 | 0.3 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | NF Holdco, LLC, Revolver | — | Floating | 10.80% | — | +650bps | 0.3 | 0.3 | 0.3 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | OA Buyer, Inc., Healthcare, Partnership Units | — | N/A | — | — | — | — | 0.2 | 0.3 | +0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | ProfitOptics, LLC, Technology, Revolver | — | Floating | 11.50% | — | +575bps | 0.3 | 0.3 | 0.3 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | GPNZ II GmbH, First Lien Senior Secured Term Loan 1 | — | N/A | — | — | — | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Accurus Aerospace Corporation | Revolver | Floating | 8.80% | — | +475bps | 0.3 | 0.3 | 0.3 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Terrybear, Inc. | Subordinated | PIK Toggle | 10.00% | 4.00% | — | 0.3 | 0.3 | 0.3 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Solo Buyer, L.P. | Equity | N/A | — | — | — | — | 0.5 | 0.3 | -0.2 | — | 2025-12-31 |
| Barings BDC, Inc. | MNS Buyer, Inc. | First Lien | Floating | 8.80% | — | +500bps | 0.3 | 0.3 | 0.3 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Canadian Orthodontic Partners Corp. | Other | PIK Only | — | 15.00% | — | 0.1 | 0.1 | 0.3 | +0.2 | — | 2025-12-31 |
| BARINGS BDC, INC. | Terrybear, Inc., Subordinated Term Loan | — | Fixed | 10.00% | — | — | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | GPNZ II GmbH, Healthcare, First Lien Senior Secured Term Loan 1 | — | Floating | 13.80% | — | +1000bps | 0.5 | 0.4 | 0.3 | -0.2 | — | 2023-12-31 |
| BARINGS BDC, INC. | Hydratech Holdings, Inc., Revolver | — | Floating | 9.60% | — | +500bps | 0.3 | 0.3 | 0.3 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Parkview Dental Holdings LLC, LLC Units | — | N/A | — | — | — | — | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | CCFF Buyer, LLC | Other | N/A | — | — | — | — | 0.2 | 0.3 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Terrybear, Inc., Consumer Products, Subordinated Term Loan | — | Fixed | 10.00% | — | — | 0.3 | 0.3 | 0.3 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Artemis Bidco Limited, First Lien Senior Secured Term Loan | — | Floating | 8.00% | — | +500bps | 0.3 | 0.3 | 0.3 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | TAPCO Buyer LLC, LLC Units | — | N/A | — | — | — | — | 0.3 | 0.3 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Pro-Vision Solutions Holdings, LLC | Other | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Pro-Vision Solutions Holdings, LLC, LLC Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | GCDL LLC, Common Stock | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Common LP Units | — | N/A | — | — | — | — | — | 0.2 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Amtech LLC, Technology, Revolver | — | Floating | 11.40% | — | +550bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | ProfitOptics, LLC, Revolver | — | Floating | 10.20% | — | +575bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | GPNZ II GmbH | First Lien | PIK Only | — | 10.00% | — | 0.5 | 0.5 | 0.2 | -0.2 | — | 2025-12-31 |
| BARINGS BDC, INC. | LeadsOnline, LLC, Business Equipment & Services, LLC Units | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.2 | — | 2023-12-31 |
| BARINGS BDC, INC. | Process Insights Acquisition, Inc., Common Stock | — | N/A | — | — | — | — | 0.3 | 0.2 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | DataServ Integrations, LLC | Preferred | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | CCFF Buyer, LLC, LLC Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Acclime Holdings HK Limited | Subordinated | Fixed | 15.00% | — | — | 0.2 | 0.2 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Narda Acquisitionco., Inc., Aerospace & Defense, Class B Common Stock | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.2 | — | 2023-12-31 |
| BARINGS BDC, INC. | Jones Fish Hatcheries & Distributors LLC, Consumer Products, LLC Units | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.1 | — | 2023-12-31 |
| Barings BDC, Inc. | Parkview Dental Holdings LLC | Other | N/A | — | — | — | — | 0.3 | 0.2 | -0.1 | — | 2025-12-31 |
| Barings BDC, Inc. | ITI Intermodal, Inc. | Revolver | Floating | 10.20% | — | +650bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | ITI Intermodal, Inc., Revolver | — | Floating | 10.80% | — | +650bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | NF Holdco, LLC | Other | N/A | — | — | — | — | 0.7 | 0.2 | -0.4 | — | 2025-12-31 |
| BARINGS BDC, INC. | Kano Laboratories LLC, Chemicals, Plastics & Rubber, Partnership Equity | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Tank Holding Corp, Metal & Glass Containers, Revolver | — | Floating | 11.20% | — | +575bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | ProfitOptics, LLC, Technology, LLC Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.1 | — | 2023-12-31 |
| Barings BDC, Inc. | EFC International | Equity | N/A | — | — | — | — | 0.2 | 0.2 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Footco 40 Limited, First Lien Senior Secured Term Loan 1 | — | Floating | 10.20% | — | +650bps | 0.2 | 0.2 | 0.2 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Unosquare, LLC | Other | N/A | — | — | — | — | 0.3 | 0.2 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | LeadsOnline, LLC | Other | N/A | — | — | — | — | 0.1 | 0.2 | +0.1 | — | 2025-12-31 |
| Barings BDC, Inc. | Team Air Distributing, LLC | Equity | N/A | — | — | — | — | 0.5 | 0.2 | -0.3 | — | 2025-12-31 |
| BARINGS BDC, INC. | Coyo Uprising GmbH, Technology, Class A Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Coyo Uprising GmbH, Class A Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Moonlight Bidco Limited | Equity | N/A | — | — | — | — | 0.1 | 0.2 | +0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | Techone B.V., Technology, Revolver | — | Floating | 9.30% | — | +550bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | ProfitOptics, LLC, LLC Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | ZB Holdco LLC, LLC Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Dune Group, First Lien Senior Secured Term Loan 2 | — | Floating | 8.80% | — | +400bps | 0.2 | 0.2 | 0.2 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | THG Acquisition, LLC | Revolver | Floating | 8.50% | — | +475bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | GPNZ II GmbH, First Lien Senior Secured Term Loan 3 | — | Floating | 8.70% | — | +600bps | 0.4 | 0.4 | 0.2 | -0.3 | — | 2024-12-31 |
| Barings BDC, Inc. | High Street Buyer Inc. | First Lien | Floating | 8.20% | — | +450bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Electric Equipment & Engineering Co., LLC Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Command Alkon (Project Potter Buyer, LLC) | Other | N/A | — | — | — | — | — | 0.2 | — | — | 2025-12-31 |
| Barings BDC, Inc. | MNS Buyer, Inc. | Other | N/A | — | — | — | — | 0.1 | 0.2 | +0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | Ice House America, L.L.C., Revolver | — | Floating | 10.10% | — | +550bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Canadian Orthodontic Partners Corp., Super Senior Secured Term Loan | — | N/A | — | — | — | 0.1 | 0.1 | 0.2 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Marmoutier Holding B.V., Super Senior Secured Term Loan | — | N/A | — | — | — | 0.2 | 0.2 | 0.2 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | OSP Hamilton Purchaser, LLC | Other | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Moonlight Bidco Limited, Common Stock | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Advantage Software Company (The), LLC, Advertising, Printing & Publishing, Class A2 Partnership Units | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | LeadsOnline, LLC, LLC Units | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Structured Secured Note - Class C | — | Fixed | 5.90% | — | — | 0.2 | 0.2 | 0.2 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Structured Secured Note - Class B | — | Fixed | 5.40% | — | — | 0.2 | 0.2 | 0.2 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Structured Secured Note - Class D | — | Fixed | 8.50% | — | — | 0.2 | 0.2 | 0.2 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Structured Secured Note - Class A | — | Fixed | 4.70% | — | — | 0.2 | 0.2 | 0.2 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Command Alkon (Project Potter Buyer, LLC), Software, Class B Partnership Units | — | N/A | — | — | — | — | — | 0.2 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Command Alkon (Project Potter Buyer, LLC), Class B Partnership Units | — | N/A | — | — | — | — | — | 0.2 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Qualified Industries, LLC, Preferred Stock | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | MIV Buyer, LLC | Revolver | Floating | 8.40% | — | +475bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Ice House America, L.L.C. | Other | N/A | — | — | — | — | 0.3 | 0.2 | -0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | OSP Hamilton Purchaser, LLC, Technology, LP Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class B | — | Fixed | 5.40% | — | — | 0.2 | 0.2 | 0.2 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class A | — | Fixed | 4.70% | — | — | 0.2 | 0.2 | 0.2 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | ZB Holdco LLC, Food & Beverage, LLC Units | — | N/A | — | — | — | — | 0.2 | 0.2 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | DecksDirect, LLC | Revolver | Floating | 10.20% | — | +625bps | 0.3 | 0.3 | 0.2 | -0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class C | — | Fixed | 5.90% | — | — | 0.2 | 0.2 | 0.2 | -0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Marmoutier Holding B.V. | Other | Floating | 8.40% | — | +625bps | 0.2 | 0.2 | 0.2 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Perimeter Master Note Business Trust, Credit Card ABS, Structured Secured Note - Class D | — | Fixed | 8.50% | — | — | 0.2 | 0.2 | 0.2 | -0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Canadian Orthodontic Partners Corp. | First Lien | PIK Only | — | 10.30% | +700bps | 2.1 | 1.9 | 0.2 | -1.7 | — | 2025-12-31 |
| Barings BDC, Inc. | Renovation Parent Holdings, LLC | Equity | N/A | — | — | — | — | 0.2 | 0.2 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Isagenix International, LLC, First Lien Senior Secured Term Loan | — | Floating | 11.20% | — | +650bps | 0.9 | 0.7 | 0.2 | -0.5 | — | 2024-12-31 |
| Barings BDC, Inc. | Accelevation LLC | Revolver | Floating | 8.40% | — | +450bps | 0.2 | 0.1 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Qualified Industries, LLC, Consumer Cyclical, Preferred Stock | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | KAMC Holdings Inc. | Revolver | Floating | 9.10% | — | +525bps | 0.2 | 0.2 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Compass Precision, LLC, LLC Units | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Megawatt Acquisitionco, Inc. | Preferred | N/A | — | — | — | — | 0.2 | 0.2 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Advantage Software Company (The), LLC, Class A2 Partnership Units | — | N/A | — | — | — | — | 0.1 | 0.2 | +0.1 | — | 2024-12-31 |
| Barings BDC, Inc. | Trintech, Inc. | Revolver | Floating | 9.20% | — | +550bps | 0.2 | 0.1 | 0.2 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | OSP Hamilton Purchaser, LLC, LP Units | — | N/A | — | — | — | — | 0.2 | 0.2 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Accurus Aerospace Corporation | Equity | N/A | — | — | — | — | 0.4 | 0.1 | -0.3 | — | 2025-12-31 |
| BARINGS BDC, INC. | AVSC Holding Corp., First Lien Senior Secured Term Loan 1 | — | Floating | 8.20% | — | +350bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Marmoutier Holding B.V. | Revolver | Floating | 7.60% | — | +550bps | 0.2 | 0.2 | 0.1 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Marmoutier Holding B.V., First Lien Senior Secured Term Loan | — | Floating | 10.40% | — | +650bps | 2.5 | 2.4 | 0.1 | -2.3 | — | 2024-12-31 |
| BARINGS BDC, INC. | Trintech, Inc., Revolver | — | Floating | 10.10% | — | +550bps | 0.2 | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Compass Precision, LLC, Aerospace & Defense, LLC Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | HemaSource, Inc. | Equity | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Forest Buyer, LLC | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Trintech, Inc., Technology, Revolver | — | Floating | 11.90% | — | +650bps | 0.2 | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | GMF Parent, Inc. | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Express Wash Acquisition Company, LLC, Consumer Cyclical, Revolver | — | Floating | 12.20% | — | +650bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Pro-Vision Solutions Holdings, LLC | Revolver | Floating | 8.20% | — | +450bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Core Scientific, Inc., Technology, Common Stock | — | N/A | — | — | — | — | 0.3 | 0.1 | -0.2 | — | 2023-12-31 |
| BARINGS BDC, INC. | Forest Buyer, LLC, Class A LLC Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Mercell Holding AS, Technology, Class A Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, First Lien Senior Secured Term Loan 2 | — | Floating | 8.80% | — | +400bps | 0.1 | 0.1 | 0.1 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 1 | — | Floating | 9.30% | — | +400bps | 0.1 | 0.1 | 0.1 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Mercell Holding AS, Class A Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class D | — | N/A | — | — | — | — | — | 0.1 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Express Wash Acquisition Company, LLC, Revolver | — | Floating | 11.40% | — | +650bps | 0.1 | 0.1 | 0.1 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Forest Buyer, LLC, Class B LLC Units | — | N/A | — | — | — | — | — | 0.1 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | GPNZ II GmbH, Healthcare, First Lien Senior Secured Term Loan 2 | — | N/A | — | — | — | 0.1 | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | HemaSource, Inc., Common Stock | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Mercell Holding AS | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | ARC Interco Purchaser, LLC | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, Warrants - Class D | — | N/A | — | — | — | — | — | 0.1 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Terrybear, Inc., Partnership Equity | — | N/A | — | — | — | — | 0.2 | 0.1 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Americo Chemical Products, LLC, Common Stock | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Recon Buyer LLC | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Dune Group, Health Care Equipment, First Lien Senior Secured Term Loan 1 | — | Floating | 10.00% | — | +600bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Terrybear, Inc., Consumer Products, Partnership Equity | — | N/A | — | — | — | — | 0.2 | 0.1 | -0.1 | — | 2023-12-31 |
| Barings BDC, Inc. | DISA Holdings Corp. | Revolver | Floating | 8.60% | — | +500bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Americo Chemical Products, LLC | Equity | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Megawatt Acquisitionco, Inc., Revolver | — | Floating | 9.70% | — | +525bps | 0.2 | 0.2 | 0.1 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | MNS Buyer, Inc., Partnership Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Recovery Point Systems, Inc. | Equity | N/A | — | — | — | — | 0.2 | 0.1 | -0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | DataServ Integrations, LLC, Partnership Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Recovery Point Systems, Inc., Technology, Partnership Equity | — | N/A | — | — | — | — | 0.2 | 0.1 | -0.1 | — | 2023-12-31 |
| Barings BDC, Inc. | MIV Buyer, LLC | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | HemaSource, Inc., Healthcare., Common Stock | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Resolute Investment Managers, Inc., Common Stock | — | N/A | — | — | — | — | — | 0.1 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | THG Acquisition, LLC, Revolver | — | Floating | 9.30% | — | +475bps | 0.1 | 0.1 | 0.1 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | DataServ Integrations, LLC, Technology, Partnership Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | TA SL Cayman Aggregator Corp. | Equity | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Dune Group, First Lien Senior Secured Term Loan 1 | — | Floating | 6.60% | — | +400bps | 0.1 | 0.1 | 0.1 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | VOYA CLO 2015-2, LTD., Multi-Sector Holdings, Subordinated Structured Notes | — | N/A | — | — | — | 10.7 | 2.5 | 0.1 | -2.5 | — | 2023-12-31 |
| Barings BDC, Inc. | GMES LLC | Revolver | Floating | 8.90% | — | +525bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | DISA Holdings Corp., Other Industrial, Revolver | — | Floating | 10.80% | — | +550bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Americo Chemicals Products, LLC, Chemicals, Common Stock | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | LHS Borrower, LLC | Revolver | Floating | 9.20% | — | +525bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Renovation Parent Holdings, LLC, Partnership Equity | — | N/A | — | — | — | — | 0.2 | 0.1 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | TA SL Cayman Aggregator Corp., Common Stock | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Application Boot Camp LLC | Subordinated | Fixed | 14.00% | — | — | 0.1 | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Zeppelin Bidco Limited | Other | N/A | — | — | — | — | — | 0.1 | — | — | 2025-12-31 |
| BARINGS BDC, INC. | MB Purchaser, LLC, LLC Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | MNS Buyer, Inc., Construction and Building, Partnership Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Recovery Point Systems, Inc., Partnership Equity | — | N/A | — | — | — | — | 0.2 | 0.1 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | R1 Holdings, LLC, Transportation, Revolver | — | Floating | 11.60% | — | +625bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | ProfitOptics, LLC | Subordinated | Fixed | 8.00% | — | — | 0.1 | 0.1 | 0.1 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | CH Buyer, LLC | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | FSS Buyer LLC | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | MB Purchaser, LLC | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | ProfitOptics, LLC, Senior Subordinated Term Loan | — | Fixed | 8.00% | — | — | 0.1 | 0.1 | 0.1 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | FSS Buyer LLC, LP Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | ProfitOptics, LLC, Technology, Second Lien Senior Subordinated Term Loan | — | Fixed | 8.00% | — | — | 0.1 | 0.1 | 0.1 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Class C Preferred Stock | — | N/A | — | — | — | — | 0.5 | 0.1 | -0.4 | — | 2023-12-31 |
| BARINGS BDC, INC. | TA SL Cayman Aggregator Corp., Technology, Common Stock | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Process Insights Acquisition, Inc. | Equity | N/A | — | — | — | — | 0.3 | 0.1 | -0.2 | — | 2025-12-31 |
| BARINGS BDC, INC. | FSS Buyer LLC, Technology, LP Units | — | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Aptus 1829. GmbH | Preferred | N/A | — | — | — | — | 0.1 | 0.1 | -0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | ITI Intermodal, Inc., Transportation Services, Revolver | — | Floating | 12.00% | — | +650bps | 0.1 | 0.1 | 0.1 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Renovation Parent Holdings, LLC, Home Furnishings, Partnership Equity | — | N/A | — | — | — | — | 0.2 | 0.1 | -0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | Whitcraft Holdings, Inc., Aerospace & Defense, Revolver | — | Floating | 12.30% | — | +700bps | 0.1 | 0.1 | 0.1 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Qualified Industries, LLC, Consumer Cyclical, Common Stock | — | N/A | — | — | — | — | 0.0 | 0.1 | +0.1 | — | 2023-12-31 |
| Barings BDC, Inc. | Marmoutier Holding B.V. | First Lien | Floating | 8.60% | — | +650bps | 0.1 | 0.1 | 0.1 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Other Utility, Revolver | — | Floating | 10.30% | — | +500bps | 0.1 | 0.1 | 0.1 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Qualified Industries, LLC, Common Stock | — | N/A | — | — | — | — | 0.0 | 0.1 | +0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Sound Point CLO XX, Ltd., Subordinated Structured Notes | — | N/A | — | — | — | 4.5 | 1.4 | 0.1 | -1.3 | — | 2024-12-31 |
| BARINGS BDC, INC. | CMT Opco Holding, LLC (Concept Machine), Distributors, LLC Units | — | N/A | — | — | — | — | 0.5 | 0.1 | -0.4 | — | 2023-12-31 |
| Barings BDC, Inc. | The Octave Music Group, Inc. | First Lien | Floating | 8.40% | — | +475bps | 0.1 | 0.1 | 0.1 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Class C Preferred Stock | — | N/A | — | — | — | — | 0.5 | 0.1 | -0.4 | — | 2024-12-31 |
| Barings BDC, Inc. | TA KHP Aggregator, L.P. | Equity | N/A | — | — | — | — | 0.0 | 0.1 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | SCP Medical Products, LLC. | Other | N/A | — | — | — | — | 0.1 | 0.1 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Mercell Holding AS, Technology, Class B Units | — | N/A | — | — | — | — | — | 0.1 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Scaled Agile, Inc., Research & Consulting Services, Revolver | — | Floating | 10.90% | — | +550bps | 0.1 | 0.1 | 0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Wok Holdings Inc., Retail, First Lien Senior Secured Term Loan | — | Floating | 11.80% | — | +625bps | 0.0 | 0.0 | 0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Megawatt Acquisitionco, Inc., Preferred Stock | — | N/A | — | — | — | — | 0.2 | 0.0 | -0.1 | — | 2024-12-31 |
| BARINGS BDC, INC. | Sanoptis S.A.R.L., First Lien Senior Secured Term Loan 3 | — | Floating | 8.00% | — | +675bps | 0.0 | 0.0 | 0.0 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, General Partnership Interest | — | N/A | — | — | — | — | — | 0.0 | — | — | 2022-12-31 |
| BARINGS BDC, INC. | PDQ.Com Corporation, Business Equipment & Services, Class A-2 Partnership Units | — | N/A | — | — | — | — | 0.0 | 0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, High Tech Industries, Equity Loan Notes | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, High Tech Industries, Preferred Stock | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | PDQ.Com Corporation, Class A-2 Partnership Units | — | N/A | — | — | — | — | 0.0 | 0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | VOYA CLO 2015-2, LTD. | Subordinated | N/A | — | — | — | 10.7 | 2.4 | 0.0 | -2.4 | — | 2025-12-31 |
| BARINGS BDC, INC. | DecksDirect, LLC, Building Materials, Common Stock | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Aptus 1829. GmbH, Preferred Stock | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.1 | — | 2024-12-31 |
| Barings BDC, Inc. | PDQ.Com Corporation | Other | N/A | — | — | — | — | 0.0 | 0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Parkview Dental Holdings LLC | Preferred | PIK Only | — | 10.00% | — | — | 0.0 | 0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | RTIC Subsidiary Holdings, LLC | Preferred | N/A | — | — | — | — | 0.5 | 0.0 | -0.4 | — | 2025-12-31 |
| Barings BDC, Inc. | TSYL Corporate Buyer, Inc. | Other | N/A | — | — | — | — | 0.0 | 0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Team Air Distributing, LLC, First Lien Senior Secured Term Loan | — | Fixed | 12.00% | — | — | 0.0 | 0.0 | 0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, Equity Loan Notes | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, Preferred Stock | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | GPNZ II GmbH, First Lien Senior Secured Term Loan 2 | — | N/A | — | — | — | 0.0 | 0.0 | 0.0 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | HomeX Services Group LLC | Revolver | Floating | 8.20% | — | +450bps | 0.0 | 0.0 | 0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Argus Bidco Limited | Preferred | PIK Only | — | 10.00% | — | — | 0.1 | 0.0 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Argus Bidco Limited | Equity | PIK Only | — | 10.00% | — | — | 0.1 | 0.0 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., Partnership Units | — | N/A | — | — | — | — | 0.0 | 0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Kanawha Scales & Systems, LLC | Revolver | Floating | 8.10% | — | +425bps | 0.0 | 0.0 | 0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, General Partnership Interest 2 | — | N/A | — | — | — | — | — | 0.0 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, General Partnership Interest | — | N/A | — | — | — | — | — | 0.0 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, Investment Funds & Vehicles, General Partnership Interest | — | N/A | — | — | — | — | 0.2 | 0.0 | -0.2 | — | 2023-12-31 |
| Barings BDC, Inc. | Sound Point CLO XX, Ltd. | Subordinated | N/A | — | — | — | 4.5 | 1.4 | 0.0 | -1.4 | — | 2025-12-31 |
| BARINGS BDC, INC. | Mercell Holding AS, Class B Units | — | N/A | — | — | — | — | — | 0.0 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Events Software BidCo Pty Ltd, Technology, First Lien Senior Secured Term Loan 2 | — | Floating | 10.80% | — | +650bps | 0.0 | 0.0 | 0.0 | -0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Lattice Group Holdings Bidco Limited | Revolver | Floating | 9.50% | — | +550bps | 0.0 | 0.0 | 0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | FSS Buyer LLC | Equity | N/A | — | — | — | — | 0.0 | 0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Keystone Bidco B.V., Revolver | — | Floating | 8.10% | — | +525bps | 0.0 | 0.0 | 0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | FSS Buyer LLC, LP Interest | — | N/A | — | — | — | — | 0.0 | 0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | FSS Buyer LLC, Technology, LP Interest | — | N/A | — | — | — | — | 0.0 | 0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Lattice Group Holdings Bidco Limited, Technology, Revolver | — | Floating | 11.10% | — | +575bps | 0.0 | 0.0 | 0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | VOYA CLO 2015-2, LTD., Subordinated Structured Notes | — | N/A | — | — | — | 10.7 | 2.5 | 0.0 | -2.5 | — | 2024-12-31 |
| Barings BDC, Inc. | Keystone Bidco B.V. | Revolver | Floating | 7.40% | — | +525bps | 0.0 | 0.0 | 0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, Limited Partnership Interest 1 | — | N/A | — | — | — | 0.1 | 7.3 | 0.0 | -7.3 | — | 2024-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, Limited Partnership Interest 2 | — | N/A | — | — | — | — | — | 0.0 | — | — | 2024-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., Technology, Partnership Units | — | N/A | — | — | — | — | 0.0 | 0.0 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Accurus Aerospace Corporation | Other | N/A | — | — | — | — | 0.0 | 0.0 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Marmoutier Holding B.V., Consumer Products, Revolver | — | Floating | 3.90% | — | +575bps | 0.0 | 0.0 | 0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Aptus 1829. GmbH, Chemicals, Plastics, and Rubber, Preferred Stock | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.1 | — | 2023-12-31 |
| Barings BDC, Inc. | Velocity Pooling Vehicle, LLC | Warrant | N/A | — | — | — | — | 0.1 | 0.0 | -0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | Velocity Pooling Vehicle, LLC, Automotive, Warrants | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | Velocity Pooling Vehicle, LLC, Warrants | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.1 | — | 2024-12-31 |
| Barings BDC, Inc. | Dryden 49 Senior Loan Fund, Series 2017-49A | Subordinated | N/A | — | — | — | 17.2 | 2.0 | 0.0 | -2.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Velocity Pooling Vehicle, LLC | Equity | N/A | — | — | — | — | 0.1 | 0.0 | -0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | AVSC Holding Corp., First Lien Senior Secured Term Loan 2 | — | Floating | 10.20% | — | +550bps | 0.0 | 0.0 | 0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Velocity Pooling Vehicle, LLC, Automotive, Common Stock | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.1 | — | 2023-12-31 |
| BARINGS BDC, INC. | Velocity Pooling Vehicle, LLC, Common Stock | — | N/A | — | — | — | — | 0.1 | 0.0 | -0.1 | — | 2024-12-31 |
| Barings BDC, Inc. | VOYA CLO 2016-2, LTD. | Subordinated | N/A | — | — | — | 11.1 | 0.7 | 0.0 | -0.7 | — | 2025-12-31 |
| Barings BDC, Inc. | OAC Holdings I Corp | Revolver | Floating | 9.00% | — | +500bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | SVI International LLC | Revolver | Floating | 10.70% | — | +675bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | AirX Climate Solutions, Inc. | Revolver | Floating | 9.60% | — | +575bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Media Recovery, Inc. (SpotSee) | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Swoop Intermediate III, Inc. | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | — | — | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | CH Buyer, LLC | Revolver | Floating | 10.20% | — | +625bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Eurofins Digital Testing International LUX Holding SARL | Second Lien | PIK Only | — | 9.20% | +700bps | 4.1 | 1.4 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Heavy Construction Systems Specialists, LLC | Revolver | Floating | 8.40% | — | +475bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Maia Bidco Limited | Revolver | Floating | 9.20% | — | +525bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | ProfitOptics, LLC | Revolver | Floating | 9.60% | — | +575bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Rock Labor LLC | Revolver | Floating | 9.20% | — | +550bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | AD Bidco, Inc. | Revolver | Floating | 9.00% | — | +525bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Azalea Buyer, Inc. | Revolver | Floating | 9.10% | — | +525bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Basin Innovation Group, LLC | Revolver | Floating | 8.50% | — | +475bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | CGI Parent, LLC | Revolver | Floating | 8.40% | — | +450bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | SmartShift Group, Inc. | Revolver | Floating | 8.60% | — | +500bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | TSYL Corporate Buyer, Inc. | Revolver | Floating | 8.30% | — | +450bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | World 50, Inc. | Revolver | Floating | 8.70% | — | +450bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | AMMC CLO 22, Limited Series 2018-22A | Subordinated | N/A | — | — | — | 7.2 | 0.4 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Transportation Insight, LLC | Revolver | PIK Toggle | 8.30% | 1.00% | +450bps | — | -0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Megawatt Acquisitionco, Inc. | Equity | N/A | — | — | — | — | 0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Credit Key Funding II LLC | Warrant | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | ICREDITWORKS LLC | Warrant | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Policy Services Company, LLC | Warrant | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Resolute Investment Managers, Inc. | Equity | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Aptus 1829. GmbH | Equity | N/A | — | — | — | — | 0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Polymer Solutions Group Holdings, LLC | Equity | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | DecksDirect, LLC | Other | N/A | — | — | — | — | 0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | DecksDirect, LLC | Equity | N/A | — | — | — | — | 0.1 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | DecksDirect, LLC | Preferred | PIK Only | — | 13.00% | — | — | 0.0 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Lifestyle Intermediate II, LLC | Equity | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | RTIC Subsidiary Holdings, LLC | Equity | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Terrybear, Inc. | Equity | N/A | — | — | — | — | 0.2 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Canadian Orthodontic Partners Corp. | Equity | N/A | — | — | — | — | 0.4 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Canadian Orthodontic Partners Corp. | Warrant | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | GPNZ II GmbH | Equity | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | VB Spine Intermediary II LLC | Other | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Eurofins Digital Testing International LUX Holding SARL | Equity | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Eurofins Digital Testing International LUX Holding SARL | Preferred | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | CMT Opco Holding, LLC (Concept Machine) | Other | N/A | — | — | — | — | 0.5 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Marmoutier Holding B.V. | Equity | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | REP SEKO MERGER SUB LLC | Equity | N/A | — | — | — | — | 5.4 | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Biolam Group | Other | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Biolam | Other | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Black Angus Steakhouses, LLC | First Lien | PIK Only | — | 14.40% | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | Black Angus Steakhouses, LLC | Other | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | MVC Automotive Group GmbH | First Lien | Fixed | 7.00% | — | — | — | — | — | — | — | 2025-12-31 |
| Barings BDC, Inc. | MVC Private Equity Fund LP | Other | N/A | — | — | — | — | — | — | — | — | 2025-12-31 |
| BARINGS BDC, INC. | 1888 Industrial Services, LLC, First Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | 1888 Industrial Services, LLC, First Lien Senior Secured Term Loan | — | Floating | — | — | +500bps | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | 1888 Industrial Services, LLC, Revolver | — | Floating | — | — | +500bps | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | 1888 Industrial Services, LLC, Warrants | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | 1888 Industrial Services, LLC, Warrants | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Accurus Aerospace Corporation, Common Stock | — | N/A | — | — | — | — | 0.4 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | AD Bidco, Inc., Revolver | — | Floating | 9.60% | — | +525bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Advantage Software Company (The), LLC, Advertising, Printing & Publishing, Class B1 Partnership Units | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Advantage Software Company (The), LLC, Advertising, Printing & Publishing, Class B2 Partnership Units | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Advantage Software Company (The), LLC, Class B1 Partnership Units | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Advantage Software Company (The), LLC, Class B2 Partnership Units | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | AirX Climate Solutions, Inc., Revolver | — | Floating | 10.20% | — | +575bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Aptus 1829. GmbH, Chemicals, Plastics, and Rubber, Common Stock | — | N/A | — | — | — | — | 0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Aptus 1829. GmbH, Common Stock | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, Common Stock | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, High Tech Industries, Common Stock | — | N/A | — | — | — | — | 0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | ASC Communications, LLC, Revolver | — | Floating | 9.40% | — | +475bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | ATL II MRO Holdings Inc, Transportation, Revolver | — | Floating | 10.90% | — | +550bps | — | -0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Azalea Buyer, Inc., Revolver | — | Floating | 9.90% | — | +525bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 1 | — | N/A | — | — | — | 39.1 | 9.6 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, First Lien Senior Secured Term Loan 4 | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, Hotel, Gaming & Leisure, LLC Units | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, LLC Units | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, LLC Units | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Black Angus Steakhouses, LLC, LLC Units | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Canadian Orthodontic Partners Corp., Class A Equity | — | N/A | — | — | — | — | 0.4 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Canadian Orthodontic Partners Corp., Class C - Warrants | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Canadian Orthodontic Partners Corp., Class X Equity | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Canadian Orthodontic Partners Corp., Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Canadian Orthodontic Partners Corp., Healthcare, Class A Equity | — | N/A | — | — | — | — | 0.4 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Canadian Orthodontic Partners Corp., Healthcare, Class C - Warrants | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Caribou Holding Company, LLC, Technology, LLC Units - Class X Equity | — | N/A | — | — | — | — | 0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Celebration Bidco, LLC, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Celebration Bidco, LLC, First Lien Senior Secured Term Loan 1 | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | CGI Parent, LLC, Revolver | — | Floating | 9.10% | — | +450bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | CMT Opco Holding, LLC (Concept Machine), LLC Units | — | N/A | — | — | — | — | 0.5 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, LLC Units | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Subordinated Term Loan 1 | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Subordinated Term Loan 2 | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Comply365, LLC, Revolver | — | Floating | 9.70% | — | +500bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | DataServ Integrations, LLC, Revolver | — | Floating | 10.00% | — | +550bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | DecksDirect, LLC, Class A Units | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | DecksDirect, LLC, Common Stock | — | N/A | — | — | — | — | 0.1 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | DISA Holdings Corp., Revolver | — | Floating | 9.50% | — | +500bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | eShipping, LLC, Revolver | — | Floating | 9.70% | — | +500bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | eShipping, LLC, Transportation Services, Revolver | — | Floating | 10.50% | — | +500bps | — | -0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Eurofins Digital Testing International LUX Holding SARL, Senior Subordinated Term Loan | — | N/A | — | — | — | 0.7 | 0.6 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | GPNZ II GmbH, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | GPNZ II GmbH, Healthcare, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Heavy Construction Systems Specialists, LLC, Revolver | — | Floating | 10.10% | — | +550bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Heavy Construction Systems Specialists, LLC, Technology, Revolver | — | Floating | 10.90% | — | +550bps | — | -0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | HemaSource, Inc., Revolver | — | Floating | 9.30% | — | +475bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, First Lien Senior Secured Term Loan | — | Floating | 13.40% | — | +800bps | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Hylan Datacom & Electrical LLC, Second Lien Senior Secured Term Loan | — | Floating | 8.50% | — | +300bps | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Isagenix International, LLC, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Isagenix International, LLC, Wholesale, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Jones Fish Hatcheries & Distributors LLC, Revolver | — | Floating | 10.00% | — | +550bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Kemmerer Operations, LLC, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Kemmerer Operations, LLC, First Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Legal Solutions Holdings, Business Services, Senior Subordinated Loan | — | N/A | — | — | — | 12.3 | 10.1 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Legal Solutions Holdings, Senior Subordinated Loan | — | Fixed | 6.00% | — | — | 12.3 | 10.1 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Megawatt Acquisitionco, Inc., Common Stock | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | MVC Automotive Group GmbH, Bridge Loan | — | Fixed | 4.50% | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, General Partnership Interest 1 | — | N/A | — | — | — | — | 0.2 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | MVC Private Equity Fund LP, General Partnership Interest 2 | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Narda Acquisitionco., Inc., Revolver | — | Floating | 9.40% | — | +475bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | NAW Buyer LLC, Revolver | — | Floating | 10.40% | — | +575bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Next Holdco, LLC, Revolver | — | Floating | 10.50% | — | +575bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | OAC Holdings I Corp, Revolver | — | Floating | 9.70% | — | +500bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Ocelot Holdco LLC, Construction Machinery, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Polara Enterprises, L.L.C., Capital Equipment, Revolver | — | Floating | 10.20% | — | +475bps | — | -0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Polara Enterprises, L.L.C., Revolver | — | Floating | 9.50% | — | +475bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, Property & Casualty Insurance, Warrants - Class CC | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Policy Services Company, LLC, Warrants - Class C | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Polymer Solutions Group Holdings, LLC, Chemicals, Plastics & Rubber, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Polymer Solutions Group Holdings, LLC, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Proppants Holding, LLC, Energy: Oil & Gas, LLC Units | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Proppants Holding, LLC, LLC Units | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Common LP Units | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Rocade Holdings LLC, Preferred LP Units | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Class A Preferred Stock | — | N/A | — | — | — | — | 0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Class B Preferred Stock | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Class A Preferred Stock | — | N/A | — | — | — | — | 0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Class B Preferred Stock | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | RTIC Subsidiary Holdings, LLC, Consumer Goods: Durable, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Security Holdings B.V, Bridge Loan, 2023 Revolver | — | N/A | — | — | — | — | — | — | — | — | 2022-12-31 |
| BARINGS BDC, INC. | Skyvault Holdings LLC, First Lien Senior Secured Term Loan | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Skyvault Holdings LLC, LLC Units | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Smartling, Inc., Revolver | — | Floating | 9.00% | — | +450bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | SmartShift Group, Inc., Revolver | — | Floating | 9.50% | — | +500bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Brokerage, Asset Managers & Exchanges, Revolver | — | Floating | 9.60% | — | +425bps | — | -0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | The Caprock Group, Inc. (aka TA/TCG Holdings, LLC), Revolver | — | Floating | 8.80% | — | +425bps | — | -0.0 | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | The Cleaver-Brooks Company, Inc., Capital Equipment, Revolver | — | Floating | 11.10% | — | +575bps | — | -0.0 | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | True Religion Apparel, Inc., Class A Units | — | N/A | — | — | — | — | — | — | — | — | 2024-12-31 |
| BARINGS BDC, INC. | True Religion Apparel, Inc., Retail, Common Stock | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | True Religion Apparel, Inc., Retail, Preferred Unit | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | UBC Ledgers Holding AB, Financial Other, Revolver | — | Floating | 9.30% | — | +525bps | — | — | — | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Watermill-QMC Midco, Inc., Automotive | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
| Barings BDC, Inc. | GCDL LLC | Revolver | Floating | 9.60% | — | +600bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | SCP Medical Products, LLC. | Revolver | Floating | 8.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | 0.40% | 2025-12-31 |
| Barings BDC, Inc. | Haystack Holdings LLC | Revolver | Floating | 8.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.) | Revolver | Floating | 8.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Graphpad Software, LLC, Revolver | — | Floating | 9.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Lattice Group Holdings Bidco Limited, Revolver | — | Floating | 10.60% | — | +575bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Sparus Holdings, LLC (f/k/a Sparus Holdings, Inc.), Revolver | — | Floating | 9.20% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | SVI International LLC, Revolver | — | Floating | 11.30% | — | +675bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Forest Buyer, LLC | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Bitly, Inc. | Revolver | Floating | 8.60% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Techone B.V. | Revolver | Floating | 7.40% | — | +540bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Forest Buyer, LLC, Revolver | — | Floating | 9.60% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | GCDL LLC, Revolver | — | Floating | 10.40% | — | +600bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | ISTO Technologies II, LLC, Revolver | — | Floating | 9.60% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | MB Purchaser, LLC, Revolver | — | Floating | 9.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Qualified Industries, LLC, Consumer Cyclical, Revolver | — | Floating | 11.20% | — | +575bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Royal Buyer, LLC, Revolver | — | Floating | 10.00% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Next Holdco, LLC | Revolver | Floating | 9.10% | — | +525bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | SBP Holdings LP | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Armstrong Transport Group (Pele Buyer, LLC) | Revolver | Floating | 8.70% | — | +500bps | 0.0 | 0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Azalea Buyer, Inc., Technology, Revolver | — | Floating | 10.70% | — | +525bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | HomeX Services Group LLC, Revolver | — | Floating | 9.10% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | TA KHP Aggregator, L.P. | Revolver | Floating | 7.90% | — | +425bps | — | -0.0 | -0.0 | +0.0 | 0.10% | 2025-12-31 |
| Barings BDC, Inc. | PowerGEM Buyer, Inc. | Revolver | Floating | 8.80% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Real Chemistry Intermediate III, Inc. | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Spatial Business Systems LLC | Revolver | Floating | 8.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Americo Chemicals Products, LLC, Chemicals, Revolver | — | Floating | 10.90% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Techone B.V., Revolver | — | Floating | 8.70% | — | +540bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., Revolver | — | Floating | 9.30% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | GMF Parent, Inc. | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Lockmasters Security Intermediate, Inc. | Revolver | Floating | 8.60% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Expert Institute Group Inc. | Revolver | Floating | 8.10% | — | +425bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Cascade Residential Services LLC | Revolver | Floating | 9.70% | — | +600bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | OA Buyer, Inc., Revolver | — | Floating | 9.30% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Qualified Industries, LLC, Revolver | — | Floating | 10.10% | — | +575bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Americo Chemical Products, LLC | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | BLI Buyer, Inc. | Revolver | Floating | 8.80% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | HS Advisory Buyer LLC | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Application Boot Camp LLC | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Process Insights Acquisition, Inc., Electronics, Revolver | — | Floating | 11.60% | — | +625bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Tencarva Machinery Company, LLC, Capital Equipment, Revolver | — | Floating | 10.60% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Trader Corporation, Technology, Revolver | — | Floating | 12.20% | — | +675bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | ZB Holdco LLC, Food & Beverage, Revolver | — | Floating | 11.50% | — | +600bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | ASC Communications, LLC | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | ARC Interco Purchaser, LLC | Revolver | Floating | 8.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Americo Chemical Products, LLC, Revolver | — | Floating | 9.60% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | DataServ Integrations, LLC, Technology, Revolver | — | Floating | 11.10% | — | +575bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | HomeX Services Group LLC, Home Construction, Revolver | — | Floating | 10.90% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | HTI Technology & Industries, Electronic Component Manufacturing, Revolver | — | Floating | 14.00% | — | +850bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | Recon Buyer LLC | Revolver | Floating | 8.60% | — | +475bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | CCFF Buyer, LLC | Revolver | Floating | 9.10% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Unosquare, LLC | Revolver | Floating | 8.50% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Durare Bidco, LLC | Revolver | Floating | 8.60% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | MB Purchaser, LLC | Revolver | Floating | 8.50% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Cascade Residential Services LLC, Electric, Revolver | — | Floating | 5.00% | — | +1040bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Jones Fish Hatcheries & Distributors LLC, Consumer Products, Revolver | — | Floating | 11.00% | — | +550bps | — | -0.0 | -0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Narda Acquisitionco., Inc., Aerospace & Defense, Revolver | — | Floating | 10.50% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | World 50, Inc., Revolver | — | Floating | 10.30% | — | +575bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Credit Key Funding II LLC | Revolver | Floating | 11.20% | — | +750bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Momentum Textiles, LLC | Revolver | Floating | 9.20% | — | +550bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Tank Holding Corp | Revolver | Floating | 9.60% | — | +575bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | NAW Buyer LLC | Revolver | Floating | 8.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | ASC Communications, LLC, Media & Entertainment, Revolver | — | Floating | 10.10% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | DecksDirect, LLC, Building Materials, Revolver | — | Floating | 11.70% | — | +625bps | — | -0.0 | -0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Fortis Payment Systems, LLC, Revolver | — | Floating | 10.00% | — | +525bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Media Recovery, Inc. (SpotSee), Revolver 1 | — | Floating | 9.50% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | SCP CDH Buyer, Inc. | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Broadway Buyer, LLC | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | RKD Group, LLC | Revolver | Floating | 9.40% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Express Wash Acquisition Company, LLC | Revolver | Floating | 10.20% | — | +625bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | LeadsOnline, LLC, Revolver | — | Floating | 9.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Media Recovery, Inc. (SpotSee), Revolver 2 | — | Floating | 9.60% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | TSYL Corporate Buyer, Inc., Technology, Revolver | — | Floating | 10.10% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | OSP Lakeside Intermediate Holdings 2, LLC | Revolver | Floating | 9.20% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Screenvision, LLC | Revolver | Floating | 8.90% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Next Holdco, LLC,Technology,Revolver | — | Floating | 11.30% | — | +600bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | SPATCO Energy Solutions, LLC | Revolver | Floating | 8.90% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | AirX Climate Solutions, Inc,Diversified Manufacturing,Revolver | — | Floating | 11.70% | — | +625bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | OA Buyer, Inc., Healthcare, Revolver | — | Floating | 10.90% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Smartling, Inc., Technology, Revolver | — | Floating | 9.90% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Tank Holding Corp, Revolver | — | Floating | 10.20% | — | +575bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Superjet Buyer, LLC | Revolver | Floating | 8.80% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | LeadsOnline, LLC | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | SBP Holdings LP, Revolver | — | Floating | 9.60% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Scout Bidco B.V., Revolver | — | Floating | 8.40% | — | +550bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Megawatt Acquisitionco, Inc. | Revolver | Floating | 9.20% | — | +550bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | WWEC Holdings III Corp | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | CCFF Buyer, LLC, Revolver | — | Floating | 9.80% | — | +525bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | GB Eagle Buyer, Inc., Capital Goods, Revolver | — | Floating | 11.60% | — | +625bps | — | -0.1 | -0.0 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | OSP AFS Buyer, LLC | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | TAPCO Buyer LLC | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Discovery Buyer, L.P. | Revolver | Floating | 8.60% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Whitcraft Holdings, Inc. | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Tencarva Machinery Company, LLC | Revolver | Floating | 8.60% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | The Caprock Group, Inc. (aka TA/TCG Holdings, LLC) | Revolver | Floating | 8.50% | — | +475bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | HemaSource, Inc. | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | ISTO Technologies II, LLC, Healthcare, Revolver | — | Floating | 11.60% | — | +625bps | — | -0.0 | -0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | SPATCO Energy Solutions, LLC, Revolver | — | Floating | 9.60% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Tencarva Machinery Company, LLC, Revolver | — | Floating | 9.80% | — | +500bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Randys Holdings, Inc. | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Rock Labor LLC, Revolver | — | Floating | 10.70% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | SBP Holdings LP, Industrial Other, Revolver | — | Floating | 12.10% | — | +675bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Spatial Business Systems LLC, Electric, Revolver | — | Floating | 10.90% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Spatial Business Systems LLC, Revolver | — | Floating | 10.00% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Saab Purchaser, Inc. | Revolver | Floating | 8.40% | — | +475bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Caldwell & Gregory LLC | Revolver | Floating | 8.40% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Comply365, LLC, Technology, Revolver | — | Floating | 10.40% | — | +500bps | — | -0.0 | -0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | OSP Hamilton Purchaser, LLC, Technology, First Lien Senior Secured Term Loan 3 | — | Floating | 11.50% | — | +600bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Rapid Buyer LLC, Revolver | — | Floating | 9.40% | — | +475bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | GB Eagle Buyer, Inc. | Revolver | Floating | 8.20% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | GB Eagle Buyer, Inc., Revolver | — | Floating | 10.90% | — | +625bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Saab Purchaser, Inc., Revolver | — | Floating | 9.50% | — | +500bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | PowerGEM Buyer, Inc., Revolver | — | Floating | 9.50% | — | +500bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | Woodland Foods, LLC | Revolver | Floating | 9.20% | — | +525bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Argus Bidco Limited, High Tech Industries, First Lien Senior Secured Term Loan 5 | — | Floating | 11.40% | — | +650bps | — | -0.0 | -0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Basin Innovation Group, LLC, Revolver | — | Floating | 9.50% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Pro-Vision Solutions Holdings, LLC, Revolver | — | Floating | 8.80% | — | +450bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| Barings BDC, Inc. | CloudOne Digital Corp. | Revolver | Floating | 9.20% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | RPX Corporation | Revolver | Floating | 9.30% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | Rock Labor LLC, Media: Diversified & Production, Revolver | — | Floating | 12.90% | — | +750bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| Barings BDC, Inc. | ATL II MRO Holdings Inc. | Revolver | Floating | 9.20% | — | +525bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | Northstar Recycling, LLC | Revolver | Floating | 8.30% | — | +465bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | ROI Solutions LLC | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2025-12-31 |
| Barings BDC, Inc. | BKF Buyer, Inc. | Revolver | Floating | 8.70% | — | +500bps | — | -0.0 | -0.0 | -0.0 | — | 2025-12-31 |
| BARINGS BDC, INC. | CGI Parent, LLC, Business Equipment & Services, Revolver | — | Floating | 11.30% | — | +575bps | — | -0.0 | -0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Caldwell & Gregory LLC, Revolver | — | Floating | 9.30% | — | +500bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | UHY Advisors, Inc., Revolver | — | Floating | 9.30% | — | +475bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | WWEC Holdings III Corp, Revolver | — | Floating | 10.40% | — | +575bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Whitcraft Holdings, Inc., First Lien Senior Secured Term Loan 2 | — | Floating | 10.60% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | SmartShift Group, Inc., Technology, Revolver | — | Floating | 11.60% | — | +625bps | — | -0.0 | -0.0 | +0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Superjet Buyer, LLC, Revolver | — | Floating | 10.40% | — | +550bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | RPX Corporation, Revolver | — | Floating | 10.60% | — | +550bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Northstar Recycling, LLC, Revolver | — | Floating | 9.00% | — | +475bps | — | -0.0 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | TAPCO Buyer LLC, Revolver | — | Floating | 9.50% | — | +500bps | — | -0.0 | -0.0 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | OAC Holdings I Corp, Automotive, Revolver | — | Floating | 10.50% | — | +500bps | — | -0.0 | -0.0 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | ATL II MRO Holdings Inc., Revolver | — | Floating | 9.80% | — | +525bps | — | -0.1 | -0.0 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | BKF Buyer, Inc., Revolver | — | Floating | 9.30% | — | +500bps | — | -0.1 | -0.1 | +0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | Marmoutier Holding B.V., Revolver | — | Floating | 6.70% | — | +575bps | 0.1 | 0.1 | -0.1 | -0.2 | — | 2024-12-31 |
| BARINGS BDC, INC. | ROI Solutions LLC, Revolver | — | Floating | 9.60% | — | +500bps | — | -0.1 | -0.1 | -0.0 | — | 2024-12-31 |
| BARINGS BDC, INC. | CAi Software, LLC, Technology, Revolver | — | Floating | 11.90% | — | +625bps | — | -0.0 | -0.1 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | HTI Technology & Industries, Revolver | — | Floating | 13.50% | — | +850bps | — | -0.0 | -0.1 | -0.1 | — | 2024-12-31 |
| Barings BDC, Inc. | HTI Technology & Industries | Revolver | Floating | 12.50% | — | +850bps | — | -0.0 | -0.1 | -0.1 | — | 2025-12-31 |
| Barings BDC, Inc. | Owl Intermediate Holdings, LLC | Revolver | Floating | 8.70% | — | +475bps | — | -0.0 | -0.1 | -0.1 | — | 2025-12-31 |
| Barings BDC, Inc. | Rapid Buyer LLC | Revolver | Floating | 8.50% | — | +475bps | — | -0.0 | -0.1 | -0.1 | — | 2025-12-31 |
| BARINGS BDC, INC. | OSP Hamilton Purchaser, LLC, Technology, First Lien Senior Secured Term Loan 2 | — | Floating | 11.50% | — | +600bps | — | -0.1 | -0.1 | -0.0 | — | 2023-12-31 |
| BARINGS BDC, INC. | Lifestyle Intermediate II, LLC, Consumer Goods: Durable, Revolver | — | Floating | 12.70% | — | +700bps | — | — | -0.3 | — | — | 2023-12-31 |
| BARINGS BDC, INC. | Coastal Marina Holdings, LLC, Hotel, Gaming & Leisure ,LLC Units | — | N/A | — | — | — | — | — | — | — | — | 2023-12-31 |
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