# EDGAR Filing Document

**Accession Number:** 0001919700
**File Stem:** 0001919700-25-000064
**Filing Date:** 2025-8
**Character Count:** 94261
**Document Hash:** 063721f4e32d89528068d231079b0ead
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001919700-25-000064.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001919700-25-000064

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Touchstone ETF Trust
- **CENTRAL INDEX KEY:** 0001919700

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23789
- **FILM NUMBER:** 251263012

**BUSINESS ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202
- **BUSINESS PHONE:** 513-362-8224

**MAIL ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202

## Series and Classes Contracts Data

### Touchstone Strategic Income ETF (Series ID: S000076658)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000236659 | Touchstone Strategic Income ETF | SIO             |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Touchstone ETF Trust

- **b. Investment Company Act file number:** 811-23789

- **c. CIK number of Registrant:** 0001919700

- **d. LEI of Registrant:** 549300OBA9Z9MIVJ9W43

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 303 Broadway

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45202

  - **Telephone number:** 8006388194

**Item A.2. Information about the Series.**

- **a. Name of Series:** Touchstone ETF Trust-Touchstone Strategic Income ETF

- **b. EDGAR series identifier (if any):** S000076658

- **c. LEI of Series:** 549300DX1EY5J23AT445

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $207072014.69

**Total Liabilities:** $5299490.55

**Net Assets:** $201772524.14

**Cash Not Reported:** $23006.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 3645.810714144057 | **1-Year:** 3903.889002259111 | **5-Year:** 15429.911052079780 | **10-Year:** 10321.955897609273 | **30-Year:** 594.716168221741

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 70.897466109158 | **1-Year:** 2807.753029651215 | **5-Year:** 7893.537147141539 | **10-Year:** 1035.365833323589 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236659 | 0.55%                | 0.25%                | 1.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $875811.60               | $-936330.80                                |
| Month 2  | $-56742.85               | $-1103.03                                  |
| Month 3  | $88093.80                | $2683171.57                                |

### Schedule of Portfolio Investments

| Name                                                                                                   | Title                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Government Cash Management Funds                                                               | Dreyfus Government Cash Management Funds SH BEN INT | CUSIP: 262006208<br>LEI: 549300F7IDB6WRO7VJ11 | Long             | STIV             | RF                | US        |   5306389 | NS      | $5306389.48   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                                                                      | Exxon Mobil Corp. COM NPV                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      3166 | NS      | $341294.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Finance Corp.                                                                            | TOL 3.8 11/01/29                                    | CUSIP: 88947EAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1318000 | PA      | $1278974.88   | 0.63%             | 2029-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                              | Goldman Sachs Group, Inc. COM USD0.01               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       681 | NS      | $481977.75    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.                                                                  | International Business Machines Corp. COM USD0.20   | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1522 | NS      | $448655.16    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                                                                                            | AKERBP 5.125 10/01/34 144A                          | CUSIP: 00973RAN3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   1022000 | PA      | $981412.97    | 0.49%             | 2034-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Gs Mortgage Securities Trust 2016-G                                                                    | GSMS 2016-GS2 C                                     | CUSIP: 36252TAY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $724482.53    | 0.36%             | 2049-05-12      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                                                | ARGENT 0.75 07/09/30                                | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    387200 | PA      | $308792.00    | 0.15%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Bacardi Ltd / Bacardi Martini BV                                                                       | BACARD 5.4 06/15/33 144A                            | CUSIP: 05635JAB6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    746000 | PA      | $742351.90    | 0.37%             | 2033-06-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-MM1                                                           | GSMBS 2021-MM1 A6                                   | CUSIP: 36264JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    562374 | PA      | $495642.88    | 0.25%             | 2052-04-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Bahamas (Commonwealth of)                                                                              | BAHAMA 6 11/21/28 144A                              | CUSIP: 056732AJ9<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |    350000 | PA      | $347550.00    | 0.17%             | 2028-11-21      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| Bank of Nova Scotia                                                                                    | BNS V3.625 10/27/81 2                               | CUSIP: 0641598N9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1393000 | PA      | $1303338.16   | 0.65%             | 2081-10-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust 2014-C25                                                    | JPMBB 2014-C25 AS                                   | CUSIP: 46643PBJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430000 | PA      | $414270.60    | 0.21%             | 2047-11-18      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Apidos CLO XII Ltd.                                                                                    | APID 2013-12A CRR                                   | CUSIP: 03764DAR2<br>LEI: 549300M5NMLBQJXUO195 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999968.00    | 0.50%             | 2031-04-15      | Variable      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Barclays PLC                                                                                           | BACR V2.894 11/24/32                                | CUSIP: 06738EBV6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1513000 | PA      | $1338787.63   | 0.66%             | 2032-11-24      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                                          | CHTR 4.25 02/01/31 144A                             | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1093000 | PA      | $1020907.36   | 0.51%             | 2031-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Biocon Biologics Global PLC                                                                            | BIOLIN 6.67 10/09/29 144A                           | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | US        |    630000 | PA      | $598533.28    | 0.30%             | 2029-10-09      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                                                                             | JPMMT 2019-1 B1                                     | CUSIP: 46650HAW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    508496 | PA      | $480482.65    | 0.24%             | 2049-05-25      | Variable      | 4.48%                 | Yes           |                  2 | On Loan: No      |
| BFLD 2021-FPM MORTGAGE TRUST                                                                           | BFLD 2021-FPM C                                     | CUSIP: 05554BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $400451.08    | 0.20%             | 2038-06-15      | Floating      | 7.70%                 | Yes           |                  2 | On Loan: No      |
| Braskem Netherlands Finance B V                                                                        | BRASKM 7.25 02/13/33 144A                           | CUSIP: 10554TAG0<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    341000 | PA      | $270156.84    | 0.13%             | 2033-02-13      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corporation                                                                                    | CPN 5 02/01/31 144A                                 | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    512000 | PA      | $506487.96    | 0.25%             | 2031-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Canadian Pacific Railway Company                                                                       | CP 2.45 12/02/31                                    | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   1254000 | PA      | $1100484.93   | 0.55%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST                                                                               | JPMMT 2020-1 B4                                     | CUSIP: 46651XBZ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    653687 | PA      | $577120.81    | 0.29%             | 2050-06-25      | Variable      | 3.82%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-5C27                                                                         | BBCMS 2024-5C27 AS                                  | CUSIP: 05555FAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $456423.58    | 0.23%             | 2057-07-17      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Cimpress PLC                                                                                           | CMPR 7.375 09/15/32 144A                            | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    740000 | PA      | $706544.01    | 0.35%             | 2032-09-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Carriage Services, Inc.                                                                                | CSV 4.25 05/15/29 144A                              | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $803149.36    | 0.40%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Sorik Marapi Geothermal Pwr PT                                                                         | PTSMGP 7.75 08/05/31 144A                           | CUSIP: 74390TAA7<br>LEI: 254900OW9VKG09S8C597 | Long             | DBT              | CORP              | ID        |    424539 | PA      | $427285.22    | 0.21%             | 2031-08-05      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST                                                                               | JPMMT 2020-LTV2 B4                                  | CUSIP: 46653LCK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    635282 | PA      | $559868.82    | 0.28%             | 2050-11-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit Clo 2019-1                                                                         | BCC 2019-1A CR2                                     | CUSIP: 05683VBE3<br>LEI: 549300B0VI605XM3L529 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750744.00    | 0.37%             | 2034-04-19      | Floating      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                                            | RIOLN F 03/14/28                                    | CUSIP: 76720AAY2<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1177000 | PA      | $1183713.61   | 0.59%             | 2028-03-14      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                                  | Bank of America Corp. COM USD0.01                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      8967 | NS      | $424318.44    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Parent Inc. / Central Merger Sub Inc.                                                          | CDK 7.25 06/15/29 144A                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    664000 | PA      | $539949.66    | 0.27%             | 2029-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Skymiles IP Ltd. & Delta Air Lines Inc.                                                                | DAL 4.75 10/20/28 144A                              | CUSIP: 830867AB3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | KY        |   1379000 | PA      | $1382029.08   | 0.68%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| KSL COMMERCIAL MTG TR 2024-HT2                                                                         | KSL 2024-HT2 C                                      | CUSIP: 500937AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1295937.50   | 0.64%             | 2039-12-15      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                                      | BMARK 2018-B5 AS                                    | CUSIP: 08160BAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1073671 | PA      | $1035095.40   | 0.51%             | 2051-07-17      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| 3R Lux S.a.r.l                                                                                         | RRRPBZ 9.75 02/05/31 144A                           | CUSIP: 88563PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    310000 | PA      | $313785.10    | 0.16%             | 2031-02-05      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                        | TDG 6.375 03/01/29 144A                             | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    672000 | PA      | $688725.41    | 0.34%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Turning Point Brands Inc                                                                               | TPB 7.625 03/15/32 144A                             | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |    695000 | PA      | $727659.44    | 0.36%             | 2032-03-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Bank Of America Merrill Lynch Trust                                                     | MSBAM 2015-C26 AS                                   | CUSIP: 61690VBB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $493495.30    | 0.24%             | 2048-10-19      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                                                               | BMARK 2020-B18 AGND                                 | CUSIP: 08163ABM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $795674.48    | 0.39%             | 2053-07-17      | Variable      | 3.74%                 | Yes           |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                                 | UAL 4.625 04/15/29 144A                             | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1424000 | PA      | $1382230.96   | 0.69%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Valaris Ltd.                                                                                           | VAL 8.375 04/30/30 144A                             | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    635000 | PA      | $651512.71    | 0.32%             | 2030-04-30      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| TSC Spv Funding LLC                                                                                    | TROP 2024-1A A2                                     | CUSIP: 898912AA8<br>LEI: 21380072ODEONQKNZ348 | Long             | ABS-O            | CORP              | US        |   1119375 | PA      | $1104566.45   | 0.55%             | 2054-08-20      | Fixed         | 6.29%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 20.                                                                    | BRAVO 2024-NQM8 A1A                                 | CUSIP: 10571DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    804407 | PA      | $797592.95    | 0.40%             | 2053-08-25      | Variable      | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Vedanta Resources Finance II PLC                                                                       | VEDLN 9.475 07/24/30 144A                           | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    539000 | PA      | $534600.57    | 0.26%             | 2030-07-24      | Fixed         | 9.47%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                                | VENLNG 7 01/15/30 144A                              | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    434000 | PA      | $438514.37    | 0.22%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Ubs Commercial Mortgage Trust 2017 C1                                                                  | UBSCM 2017-C1 AS                                    | CUSIP: 90276EAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $271544.42    | 0.13%             | 2050-06-17      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| TK Elevator Us Newco Inc.                                                                              | THYELE 5.25 07/15/27 144A                           | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    662000 | PA      | $661359.71    | 0.33%             | 2027-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Vici Properties Inc                                                                                    | VICI 4.625 12/01/29 144A                            | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1164000 | PA      | $1143375.75   | 0.57%             | 2029-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                                                                       | WFRBS 2013-C13 D                                    | CUSIP: 92937UAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    473790 | PA      | $434740.29    | 0.22%             | 2045-05-17      | Variable      | 4.09%                 | Yes           |                  2 | On Loan: No      |
| Videotron LTD/ Videotron LTEE                                                                          | QBRCN 3.625 06/15/29 144A                           | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    911000 | PA      | $870925.20    | 0.43%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                                        | WYNMAC 5.625 08/26/28 144A                          | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    612000 | PA      | $601650.28    | 0.30%             | 2028-08-26      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                                                                  | WFCM 2015-P2 AS                                     | CUSIP: 95000AAW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $317914.37    | 0.16%             | 2048-12-17      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Xhr LP                                                                                                 | XHR 6.625 05/15/30 144A                             | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |    670000 | PA      | $682628.57    | 0.34%             | 2030-05-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Xerox Holdings Corporation                                                                             | XRX 5 08/15/25 144A                                 | CUSIP: 98421MAA4<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |    762000 | PA      | $758003.39    | 0.38%             | 2025-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Coruripe Netherlands BV                                                                                | CORURI 10 02/10/27 REGS                             | CUSIP: N2322CAA3<br>LEI: 724500EL5MDC9RD0FW48 | Long             | DBT              | CORP              | NL        |    173000 | PA      | $171918.75    | 0.09%             | 2027-02-10      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Sri Lanka (Democratic Socialist Republic of)                                                           | SRILAN 4 04/15/28 144A                              | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    453330 | PA      | $424996.88    | 0.21%             | 2028-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| RTX Corp.                                                                                              | RTX Corp. COM                                       | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      2813 | NS      | $410754.26    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                                           | Stanley Black & Decker, Inc. COM USD2.50            | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      3520 | NS      | $238480.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated                                                                         | Texas Instruments Incorporated COM USD1.00          | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      1783 | NS      | $370186.46    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| COLT 2022-6 MORTGAGE LOAN TRUST                                                                        | COLT 2022-6 A1                                      | CUSIP: 12662YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    595999 | PA      | $593698.85    | 0.29%             | 2067-06-27      | Variable      | 4.63%                 | Yes           |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-Rpl4                                                            | CHASE 2024-RPL4 A1B                                 | CUSIP: 16160NAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1131571 | PA      | $996037.66    | 0.49%             | 2064-12-25      | Variable      | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2016 P6                                                            | CGCMT 2017-P8 D                                     | CUSIP: 17326DAM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $767899.25    | 0.38%             | 2050-09-16      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST                                                                          | CMLTI 2021-J1 A4A                                   | CUSIP: 17329EAX5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    786987 | PA      | $636097.73    | 0.32%             | 2051-04-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                                                              | HONK 2020-1A A2                                     | CUSIP: 26209XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1045567 | PA      | $1020478.05   | 0.51%             | 2050-07-20      | Fixed         | 3.79%                 | Yes           |                  2 | On Loan: No      |
| ELMWOOD CLO LTD                                                                                        | ELM15 2022-2A CR FRN 4/35                           | CUSIP: 29003JAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1400000.00   | 0.69%             | 2035-04-23      | Floating      |  | Yes           |                  2 | On Loan: No      |
| GALAXY XXII CLO, LTD.                                                                                  | GALXY 2016-22A BRRR 4/34                            | CUSIP: 36320TBF9<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-O            | CORP              | KY        |    700000 | PA      | $697194.40    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| GALAXY XXII CLO, LTD.                                                                                  | GALXY 2016-22A DRRR 4/34                            | CUSIP: 36320TBK8<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-O            | CORP              | KY        |    700000 | PA      | $700501.20    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS 51M-R                                                                           | GOCAP 2021-51A BR                                   | CUSIP: 381740AS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1282000 | PA      | $1283047.39   | 0.64%             | 2036-05-05      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| CKE Restaurants, Inc.                                                                                  | HNGRY 2020-1A A2                                    | CUSIP: 411707AH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1432500 | PA      | $1362096.78   | 0.68%             | 2050-12-20      | Fixed         | 3.98%                 | Yes           |                  2 | On Loan: No      |
| NBC FUNDING LLC                                                                                        | BUNDT 2021-1 B                                      | CUSIP: 62878YAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $964982.50    | 0.48%             | 2051-07-31      | Fixed         | 4.97%                 | Yes           |                  2 | On Loan: No      |
| The Allstate Corporation                                                                               | ALL V0 08/15/53 B                                   | CUSIP: 020002BB6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    633000 | PA      | $633264.59    | 0.31%             | 2053-08-15      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                                                                           | BX 2020-VIV2 C                                      | CUSIP: 05605NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1149960.88   | 0.57%             | 2044-03-11      | Variable      | 3.66%                 | Yes           |                  2 | On Loan: No      |
| Amcor Flexibles North America Inc                                                                      | AMCR 5.1 03/17/30 144A                              | CUSIP: 02344AAD0<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   1172000 | PA      | $1191571.80   | 0.59%             | 2030-03-17      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST                                                                                               | BX 2019-OC11 E                                      | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1905000 | PA      | $1746096.52   | 0.87%             | 2041-12-11      | Variable      | 4.08%                 | Yes           |                  2 | On Loan: No      |
| American Express Company                                                                               | AXP V5.043 07/26/28                                 | CUSIP: 025816DV8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1143000 | PA      | $1158598.70   | 0.57%             | 2028-07-26      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Csail 2016-C6 Commercial Mortg                                                                         | CSAIL 2016-C6 B                                     | CUSIP: 12636MAK4<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $572993.46    | 0.28%             | 2049-01-15      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| Amsted Industries Incorporated                                                                         | AMSIND 4.625 05/15/30 144A                          | CUSIP: 032177AJ6<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    812000 | PA      | $781667.50    | 0.39%             | 2030-05-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                                    | CGCMT 2014-GC25 D                                   | CUSIP: 17322YAM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $597850.00    | 0.30%             | 2047-10-11      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| Ares Capital Corp.                                                                                     | ARCC 5.875 03/01/29                                 | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1441121.83   | 0.71%             | 2029-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2016 P6                                                            | CGCMT 2017-P8 AS                                    | CUSIP: 17326DAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255000 | PA      | $244505.27    | 0.12%             | 2050-09-16      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC/Avis Budget Finance Inc.                                                    | CAR 8.25 01/15/30 144A                              | CUSIP: 053773BJ5<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |    670000 | PA      | $699312.50    | 0.35%             | 2030-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Dryden 45 Senior Loan Fund                                                                             | DRSLF 2016-45A BRR                                  | CUSIP: 26244MBA9<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $700224.70    | 0.35%             | 2030-10-15      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Beazer Homes USA Inc.                                                                                  | BZH 7.25 10/15/29                                   | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    282000 | PA      | $284580.30    | 0.14%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Electricite de France SA                                                                               | EDF 4.875 09/21/38 144A                             | CUSIP: 268317AV6<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    891000 | PA      | $820765.43    | 0.41%             | 2038-09-21      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Ecopetrol S.A.                                                                                         | ECOPET 8.625 01/19/29                               | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    300000 | PA      | $317055.30    | 0.16%             | 2029-01-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp                                                                          | EFNCN 5.037 03/25/30 144A                           | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   1195000 | PA      | $1205120.56   | 0.60%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                                                                          | ENBCN V5.75 07/15/80 20-A                           | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    990000 | PA      | $987229.30    | 0.49%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Limited                                                                             | ESKOM 8.45 08/10/28 144A                            | CUSIP: 29646AAD8<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    450000 | PA      | $472848.75    | 0.23%             | 2028-08-10      | Fixed         | 8.45%                 | Yes           |                  2 | On Loan: No      |
| Ghana (Republic of)                                                                                    | GHANA 0 07/03/26 144A                               | CUSIP: 374422AL7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     13920 | PA      | $13488.40     | 0.01%             | 2026-07-03      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ghana (Republic of)                                                                                    | GHANA 5 07/03/29 144A                               | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    140360 | PA      | $131618.57    | 0.07%             | 2029-07-03      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Ghana (Republic of)                                                                                    | GHANA 0 01/03/30 144A                               | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    469901 | PA      | $393175.92    | 0.19%             | 2030-01-03      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Johnson & Johnson                                                                                      | Johnson & Johnson COM USD1.00                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2126 | NS      | $324746.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mc Brazil Downstream Trading Sarl                                                                      | MCBRAC 7.25 06/30/31 144A                           | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    392250 | PA      | $309641.99    | 0.15%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Ohi Group SA                                                                                           | OHIFLY 13 07/22/29 144A                             | CUSIP: 67712MAB5<br>LEI: 529900GW2J8DSYJHEH26 | Long             | DBT              | CORP              | LU        |    520000 | PA      | $545350.00    | 0.27%             | 2029-07-22      | Fixed         | 13.00%                | Yes           |                  2 | On Loan: No      |
| Parkland Corporation                                                                                   | PKICN 4.5 10/01/29 144A                             | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    817000 | PA      | $785465.92    | 0.39%             | 2029-10-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Pemex Project Funding Master Trust                                                                     | PEMEX 6.625 06/15/35                                | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | US        |    770000 | PA      | $646285.79    | 0.32%             | 2035-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Pluspetrol S.A.                                                                                        | PLUSPE 8.5 05/30/32 144A                            | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | AR        |    575000 | PA      | $583625.00    | 0.29%             | 2032-05-30      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Precision Drilling Corporation                                                                         | PDCN 6.875 01/15/29 144A                            | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |    385000 | PA      | $380248.21    | 0.19%             | 2029-01-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Limak Cimento Sanayi Ve Ticare AS                                                                      | LIMAK 9.75 07/25/29 REGS                            | CUSIP: M67729AB5<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |    330000 | PA      | $330211.20    | 0.16%             | 2029-07-25      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| FLATIRON RR CLO 22 LLC                                                                                 | FLAT 2021-2A DR                                     | CUSIP: 33883QAW5<br>LEI: 5493000CIUZPG6SZO932 | Long             | ABS-CBDO         | CORP              | US        |   1267000 | PA      | $1260453.41   | 0.62%             | 2034-10-16      | Variable      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| Focus Brands Funding Llc                                                                               | FOCUS 2017-1A A2II                                  | CUSIP: 34417MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    690000 | PA      | $685480.29    | 0.34%             | 2047-04-30      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| FOCUS BRANDS FUNDING LLC                                                                               | FOCUS 2023-2 A2                                     | CUSIP: 34417RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    689500 | PA      | $727574.26    | 0.36%             | 2053-10-30      | Fixed         | 8.24%                 | Yes           |                  2 | On Loan: No      |
| NEIGHBORLY ISSUER LLC                                                                                  | NBLY 2021-1A A2                                     | CUSIP: 64016NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1152000 | PA      | $1077180.83   | 0.53%             | 2051-04-30      | Fixed         | 3.58%                 | Yes           |                  2 | On Loan: No      |
| NEUBERGER BERMAN LOAN ADVISERS CLO 36 LTD                                                              | NEUB 2020-36A BR2                                   | CUSIP: 64133KAY7<br>LEI: 549300MZGBBYK103F794 | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $850721.65    | 0.42%             | 2033-04-20      | Variable      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| OBX 2022-J1 TRUST                                                                                      | OBX 2022-J1 B1A                                     | CUSIP: 67116WBD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386167 | PA      | $326260.56    | 0.16%             | 2052-02-25      | Variable      | 2.84%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 39 Ltd.                                                                    | OCT39 2018-3A BR                                    | CUSIP: 67592CAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002018.00   | 0.50%             | 2030-10-21      | Floating      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.25 08/15/54                                     | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3750000 | PA      | $3429785.18   | 1.70%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.5 11/15/54                                      | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    130000 | PA      | $124089.06    | 0.06%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.75 02/15/45                                     | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6515000 | PA      | $6487514.84   | 3.22%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 4.25 11/15/34                                     | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9245000 | PA      | $9276779.69   | 4.60%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 4.625 02/15/35                                    | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5275000 | PA      | $5443964.84   | 2.70%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                           | T 4 05/31/30                                        | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16075000 | PA      | $16228214.84  | 8.04%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                                 | TFC F 05/15/27 A                                    | CUSIP: 86787XAA3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1443000 | PA      | $1424973.90   | 0.71%             | 2027-05-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: —       |
| Tenet Healthcare Corporation                                                                           | THC 6.125 10/01/28                                  | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    567000 | PA      | $567704.78    | 0.28%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Textron Financial Corporation                                                                          | TXT V0 02/15/42 144A                                | CUSIP: 883199AR2<br>LEI: 4E8B2CNXPE5P5AY03O18 | Long             | DBT              | CORP              | US        |   1144000 | PA      | $1029146.64   | 0.51%             | 2042-02-15      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| The Timken Company                                                                                     | TKR 4.5 12/15/28                                    | CUSIP: 887389AK0<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | DBT              | CORP              | US        |   1238000 | PA      | $1240331.55   | 0.61%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                                            | CQP 3.25 01/31/32                                   | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1017000 | PA      | $911698.61    | 0.45%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                          | F 6.05 03/05/31                                     | CUSIP: 345397E25<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1268000 | PA      | $1265042.62   | 0.63%             | 2031-03-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                                                          | FREMOR 9.25 02/01/29 144A                           | CUSIP: 35641AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    602000 | PA      | $625285.36    | 0.31%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                                   | GM 3.1 01/12/32                                     | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1821000 | PA      | $1600180.20   | 0.79%             | 2032-01-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                              | GS V5.33 07/23/35                                   | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1089529.22   | 0.54%             | 2035-07-23      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Golub Capital BDC Inc.                                                                                 | GBDC 2.05 02/15/27                                  | CUSIP: 38173MAC6<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   1639000 | PA      | $1562968.53   | 0.77%             | 2027-02-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                        | GTN 5.375 11/15/31 144A                             | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    303000 | PA      | $225817.99    | 0.11%             | 2031-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                                                                               | GPI 4 08/15/28 144A                                 | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    598000 | PA      | $577145.53    | 0.29%             | 2028-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| HF Sinclair Corp.                                                                                      | DINO 5 02/01/28                                     | CUSIP: 403949AQ3<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   1242000 | PA      | $1242324.30   | 0.62%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                               | HCA 5.45 04/01/31                                   | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1399779.22   | 0.69%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                      | HRI 7 06/15/30 144A                                 | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    579000 | PA      | $604444.24    | 0.30%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Herbalife Nutrition Ltd/HLF Financing Inc.                                                             | HLF 7.875 09/01/25 144A                             | CUSIP: 42704MAA0<br>LEI: 549300BA7TYPBSZZIA41 | Long             | DBT              | CORP              | KY        |    108000 | PA      | $108028.94    | 0.05%             | 2025-09-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                                                                | HILCRP 6 02/01/31 144A                              | CUSIP: 431318AV6<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    843000 | PA      | $813094.68    | 0.40%             | 2031-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Jefferies Finance LLC/JFIN Co-Issuer Corp                                                              | JEFFIN 6.625 10/15/31 144A                          | CUSIP: 47232MAG7<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |    556000 | PA      | $553980.66    | 0.27%             | 2031-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Jimmy John's Funding Llc                                                                               | JIMMY 2017-1A A2II                                  | CUSIP: 47760QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1392175 | PA      | $1378948.92   | 0.68%             | 2047-07-30      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| LYB International Finance III LLC                                                                      | LYB 6.15 05/15/35                                   | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    741000 | PA      | $769165.20    | 0.38%             | 2035-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: —       |
| Magic MergeCo Inc                                                                                      | MIK 5.25 05/01/28 144A                              | CUSIP: 55916AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    851000 | PA      | $684911.27    | 0.34%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| The Manitowoc Company, Inc.                                                                            | MTW 9.25 10/01/31 144A                              | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |    614000 | PA      | $646196.94    | 0.32%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| MELLO MTG CAP ACCP 2022-INV2                                                                           | MELLO 2022-INV2 A15                                 | CUSIP: 58549JBU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    814892 | PA      | $688710.64    | 0.34%             | 2052-04-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Meritage Homes Corp                                                                                    | MTH 3.875 04/15/29 144A                             | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    992000 | PA      | $955820.65    | 0.47%             | 2029-04-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Micron Technology Inc.                                                                                 | MU 2.703 04/15/32                                   | CUSIP: 595112BS1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $935202.58    | 0.46%             | 2032-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                                                                                 | MU 6.75 11/01/29                                    | CUSIP: 595112BV4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    469000 | PA      | $506808.70    | 0.25%             | 2029-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Midas Opco Holdings LLC                                                                                | STGW 5.625 08/15/29 144A                            | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    605000 | PA      | $578625.80    | 0.29%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Midwest Connector Capital Company LLC                                                                  | MWXCAP 4.625 04/01/29 144A                          | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1460000 | PA      | $1447282.12   | 0.72%             | 2029-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Mill City Mortgage Loan Trust 2015-2                                                                   | MCMLT 2017-2 B2                                     | CUSIP: 59980AAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    592003 | PA      | $531870.65    | 0.26%             | 2059-07-25      | Variable      | 4.15%                 | Yes           |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST                                                                          | MCMLT 2017-1 B2                                     | CUSIP: 59981HAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $901905.60    | 0.45%             | 2058-11-25      | Variable      | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Molex Electronic Technologies LLC                                                                      | MOLX 5.25 04/30/32 144A                             | CUSIP: 60856BAF1<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1035012.57   | 0.51%             | 2032-04-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                                         | MS V2.484 09/16/36                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $972645.25    | 0.48%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| NGPL Pipe Co LLC                                                                                       | NGPLCO 7.768 12/15/37 144A                          | CUSIP: 62912XAC8<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   1086000 | PA      | $1239491.85   | 0.61%             | 2037-12-15      | Fixed         | 7.77%                 | Yes           |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                                     | NRUC V5.25 04/20/46                                 | CUSIP: 637432NK7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1129000 | PA      | $1120292.70   | 0.56%             | 2046-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nationstar Mortgage Holdings Inc                                                                       | COOP 6.5 08/01/29 144A                              | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    657000 | PA      | $671095.28    | 0.33%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corporation                                                                                    | HNDLIN 6.875 01/30/30 144A                          | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    614000 | PA      | $635809.63    | 0.32%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Owens Brockway Glass Container Inc.                                                                    | OI 7.25 05/15/31 144A                               | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    645000 | PA      | $660966.33    | 0.33%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| OXFORD FINANCE CREDIT FUND III 2024                                                                    | OXFINF 2024-A B                                     | CUSIP: 69145DAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $615632.37    | 0.31%             | 2032-01-14      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| OXFORD FINANCE CREDIT FUND III 2025-A LP                                                               | OXFINF 2025-A B                                     | CUSIP: 69145VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    510000 | PA      | $515675.79    | 0.26%             | 2034-08-14      | Fixed         | 7.19%                 | Yes           |                  2 | On Loan: No      |
| PNC Capital Trust C                                                                                    | PNC F 06/01/28                                      | CUSIP: 69349AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1302000 | PA      | $1282825.99   | 0.64%             | 2028-06-01      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding                                                                             | PSTAT 2025-2A C 7/33                                | CUSIP: 69704AAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.50%             | 2033-07-15      | Floating      |  | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                                                                            | OVV 7.2 11/01/31                                    | CUSIP: 698900AG2<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    742000 | PA      | $801513.64    | 0.40%             | 2031-11-01      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Paychex Inc                                                                                            | PAYX 5.6 04/15/35                                   | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   1023000 | PA      | $1057679.86   | 0.52%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Petsmart Inc / Petsmart Financial Corporation                                                          | PETM 7.75 02/15/29 144A                             | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $786800.95    | 0.39%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                       | PM 5.375 02/15/33                                   | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1179000 | PA      | $1218203.83   | 0.60%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                                      | PAA V0 PERP B                                       | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    565000 | PA      | $566194.41    | 0.28%             | N/A             | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Inc.                                                                                    | PLNT 2024-1A A2II                                   | CUSIP: 72703PAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1121525 | PA      | $1139575.38   | 0.56%             | 2054-06-05      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                                  | QUIKHO 6.75 03/01/33 144A                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    368000 | PA      | $379721.17    | 0.19%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corporation                                                      | RHP 4.5 02/15/29 144A                               | CUSIP: 749571AG0<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    930000 | PA      | $908966.28    | 0.45%             | 2029-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SM Energy Co.                                                                                          | SM 7 08/01/32 144A                                  | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    786000 | PA      | $774481.64    | 0.38%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Sabra Health Care Ltd Partnership / Sabra Capital Corp                                                 | SBRA 3.9 10/15/29                                   | CUSIP: 78572XAG6<br>LEI: 5493008V2SV0789N9W56 | Long             | DBT              | CORP              | US        |    763000 | PA      | $725736.46    | 0.36%             | 2029-10-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                                         | SCHW V4 PERP H                                      | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    469000 | PA      | $432733.97    | 0.21%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sempra Infrastructure Partners LP                                                                      | SMPINF 3.25 01/15/32 144A                           | CUSIP: 81685VAA1<br>LEI: 549300L0B3MD11PUAA07 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1380460.64   | 0.68%             | 2032-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                                                                 | SEMT 2019-4 B3                                      | CUSIP: 81748JCD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    510181 | PA      | $465931.40    | 0.23%             | 2049-11-25      | Variable      | 3.78%                 | Yes           |                  2 | On Loan: No      |
| Simmons Foods Inc / Simmons Prepared Foods Inc / Simmons Pet Food Inc / Simmons Feed (Ingredients Inc) | SIMFOO 4.625 03/01/29 144A                          | CUSIP: 82873MAA1<br>LEI: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |    602000 | PA      | $568447.29    | 0.28%             | 2029-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Sixth Street Specialty Lending Inc                                                                     | TSLX 2.5 08/01/26                                   | CUSIP: 83012AAA7<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |   1487000 | PA      | $1450940.12   | 0.72%             | 2026-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| Speedway Motorsports LLC / Speedway Funding II Inc                                                     | TRK 4.875 11/01/27 144A                             | CUSIP: 84779MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    622000 | PA      | $617335.54    | 0.31%             | 2027-11-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                                           | SWK V6.707 03/15/60                                 | CUSIP: 854502AM3<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    523000 | PA      | $510157.86    | 0.25%             | 2060-03-15      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                                     | STT F 06/15/47                                      | CUSIP: 857477AY9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1407000 | PA      | $1235126.02   | 0.61%             | 2047-06-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: —       |
| Stonepeak Nile Parent LLC                                                                              | ATSG 7.25 03/15/32 144A                             | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    391000 | PA      | $414517.87    | 0.21%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                                    | STOR 4.625 03/15/29                                 | CUSIP: 862121AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    424000 | PA      | $416843.88    | 0.21%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                                    | STOR 2.75 11/18/30                                  | CUSIP: 862121AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    760000 | PA      | $669568.55    | 0.33%             | 2030-11-18      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                                    | STOR 2.7 12/01/31                                   | CUSIP: 862121AD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    451000 | PA      | $382434.65    | 0.19%             | 2031-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Towd Pt Mtg Tr 2017-3                                                                                  | TPMT 2017-3 B3                                      | CUSIP: 89169DAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $774927.54    | 0.38%             | 2057-07-25      | Variable      | 3.88%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.75 11/15/43                                     | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6135000 | PA      | $6135479.27   | 3.04%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                           | T 4.625 02/15/55                                    | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6995000 | PA      | $6820125.00   | 3.38%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ZAXBYS FUNDING LLC                                                                                     | ZAXBY 2021-1A A2                                    | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    962500 | PA      | $889407.37    | 0.44%             | 2051-07-30      | Fixed         | 3.24%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2022-C17                                                                          | BBCMS 2022-C17 XD                                   | CUSIP: 054976AM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $359846.40    | 0.18%             | 2055-09-17      | Variable      | 3.21%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK 2024-V5 MORTGAGE TRUST                                                                       | BMARK 2024-V5 XA                                    | CUSIP: 08163XAZ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11008560 | PA      | $364217.11    | 0.18%             | 2057-01-12      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                                                 | CMS V4.75 06/01/50                                  | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1317774.52   | 0.65%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                                      | CSCHLD 4.625 12/01/30 144a                          | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    429000 | PA      | $199804.83    | 0.10%             | 2030-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                         | C V4 PERP W                                         | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    556000 | PA      | $552204.52    | 0.27%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                                           | CFG V5.841 01/23/30                                 | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    960000 | PA      | $993516.65    | 0.49%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Consensus Cloud Solutions Inc                                                                          | CCSI 6 10/15/26 144A                                | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    885000 | PA      | $880575.00    | 0.44%             | 2026-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corporation of Michigan                                                              | CACC 9.25 12/15/28                                  | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    455000 | PA      | $481647.08    | 0.24%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Credit Acceptance Corporation of Michigan                                                              | CACC 6.625 03/15/30                                 | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91000 | PA      | $92323.14     | 0.05%             | 2030-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                                          | DELL 4.85 02/01/35                                  | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    832000 | PA      | $803092.25    | 0.40%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                                   | EIX 4.125 03/15/28                                  | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1091000 | PA      | $1053041.73   | 0.52%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                                   | EIX V7.875 06/15/54                                 | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    585000 | PA      | $554788.20    | 0.27%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Encore Capital Group Inc.                                                                              | ECPG 8.5 05/15/30 144A                              | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    533000 | PA      | $571693.14    | 0.28%             | 2030-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                     | ET F 11/01/66 *                                     | CUSIP: 29273RBA6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    572000 | PA      | $569523.53    | 0.28%             | 2066-11-01      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| First Maryland Capital II                                                                              | MTB F 02/01/27                                      | CUSIP: 32082CAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    665000 | PA      | $651725.25    | 0.32%             | 2027-02-01      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                                              | MARS 5 03/01/32 144A                                | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1179000 | PA      | $1195158.90   | 0.59%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Marvell Technology Inc                                                                                 | MRVL 5.75 02/15/29                                  | CUSIP: 573874AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1106000 | PA      | $1150350.07   | 0.57%             | 2029-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                                                                           | MAT 5.45 11/01/41                                   | CUSIP: 577081AW2<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   1153000 | PA      | $1025407.52   | 0.51%             | 2041-11-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Pediatrix Medical Group Inc                                                                            | MD 5.375 02/15/30 144A                              | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    812000 | PA      | $801716.51    | 0.40%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                                 | US 2YR NOTE (CBT) Sep25                             | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       274 | NC      | $169264.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                                 | US 10yr Ultra Fut Sep25                             | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |      -113 | NC      | $-81865.54    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** Touchstone ETF Trust

**Signature:** Terri Lucas

**Name of Signer:** Terri Lucas

**Title:** Controller & Treasurer