# EDGAR Filing Document

**Accession Number:** 0002042316
**File Stem:** 0000940400-26-012936
**Filing Date:** 2026-4
**Character Count:** 222019
**Document Hash:** a7095d9a9d9267e412755685ece3198c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-012936.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0000940400-26-012936

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios IV
- **CENTRAL INDEX KEY:** 0002042316

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24019
- **FILM NUMBER:** 26827416

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** (210) 697-3624

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

## Series and Classes Contracts Data

### Victory Pioneer Multi-Asset Income Fund (Series ID: S000089756)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000256480 | Class C      | PMACX           |
| C000256481 | Class R6     | PMFKX           |
| C000256482 | Class Y      | PMFYX           |
| C000256483 | Class A      | PMAIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios IV

- **b. Investment Company Act file number:** 811-24019

- **c. CIK number of Registrant:** 0002042316

- **d. LEI of Registrant:** 25490054DPU07WNNLY79

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

  - **Street Address 1:** 15935 LA CANTERA PARKWAY

  - **City:** SAN ANTONIO

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 210-697-3624

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

- **a. Name of Series:** Victory Pioneer Multi-Asset Income Fund

- **b. EDGAR series identifier (if any):** S000089756

- **c. LEI of Series:** G1DK3TBEJYPHTO5ROV98

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-30

**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:** $8377405667.34

**Total Liabilities:** $735367497.44

**Net Assets:** $7642038169.90

**Delayed Delivery Securities:** $197544952.51

**Stand-by Commitments:** $395302855.36

**Cash Not Reported:** $16380972.62

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1527.00000000 | **1-Year:** -3172.00000000 | **5-Year:** -545648.00000000 | **10-Year:** -5664.00000000 | **30-Year:** -432967.00000000

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

- **3-Month:** -4063.00000000 | **1-Year:** -20644.00000000 | **5-Year:** -40354.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256480 | 1.35%                | 1.61%                | 2.49%                |
| Class ID C000256481 | 1.41%                | 1.73%                | 2.51%                |
| Class ID C000256482 | 1.44%                | 1.68%                | 2.57%                |
| Class ID C000256483 | 1.34%                | 1.74%                | 2.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5512765.20              | $51514426.52                               |
| Month 2  | $45170449.80             | $33870439.93                               |
| Month 3  | $3287952.47              | $151950650.41                              |

**Designated Index Information**

- **Index Name:** 30% Bloomberg Barclays US Aggregate, 70% MSCI ACWI

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GOLDMAN SACHS & CO. LLC            | EUR/USD FORWARD                                            | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |            1 | NC      | $1808946.59   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Granite Park Equipment Leasing     | Granite Park Equipment Leasing 2023-1 LLC                  | CUSIP: 387422AH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4198000 | PA      | $3885034.48   | 0.05%             | 2035-06-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Logista Integral SA                | Logista Integral SA                                        | CUSIP: 000000000<br>LEI: 9598000ANNAL42UJ7X28 | Long             | EC               | CORP              | ES        |       299876 | NS      | $10955216.07  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Re Ltd                        | Home RE 2023-1 Ltd                                         | CUSIP: 43731BAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       936449 | PA      | $959392.22    | 0.01%             | 2033-10-25      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc           | Hana Financial Group Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1174314 | NS      | $81665160.07  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31427MW23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6715774 | PA      | $6812095.57   | 0.09%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITRUS RE LTD                      | Citrus Re Ltd                                              | CUSIP: 177510AL8<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $1016000.00   | 0.01%             | 2026-06-07      | Floating      | 10.15%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140AVRU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7814994 | PA      | $8018225.98   | 0.10%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FUJIFILM Holdings Corp             | FUJIFILM Holdings Corp                                     | CUSIP: 000000000<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |       694100 | NS      | $13845222.93  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| RESIDENTIAL REIN 2024              | Residential Reinsurance 2004 Ltd                           | CUSIP: 76112AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      1000000 | PA      | $1030300.00   | 0.01%             | 2028-12-06      | Floating      | 8.95%                 | Yes           |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                | Cape Lookout Re Ltd                                        | CUSIP: 13947LAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1750000 | PA      | $1771000.00   | 0.02%             | 2026-04-28      | Floating      | 10.72%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE III LTD                 | Sanders Re III Ltd                                         | CUSIP: 80001QAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1600000 | PA      | $1646240.00   | 0.02%             | 2027-04-07      | Floating      | 9.03%                 | Yes           |                  2 | On Loan: No      |
| QUALCOMM Inc                       | QUALCOMM Inc                                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |        96618 | NS      | $14646322.62  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |       123400 | PA      | $28035246.00  | 0.37%             | 2026-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 31418FUG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15936952 | PA      | $16050580.87  | 0.21%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140AXVW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1758711 | PA      | $1816285.34   | 0.02%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Alturas Re 2022-2, 12/31/2027      | Alturas Re 2022-2, 12/31/2027                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |        24956 | PA      | $875.96       | 0.00%             | 2027-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CANADIAN IMPERIAL BANK             | Canadian Imperial Bank of Commerce                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |        47200 | PA      | $10850194.40  | 0.14%             | 2026-12-23      | Fixed         | 14.40%                | No            |                  2 | On Loan: No      |
| General Motors Co                  | General Motors Co                                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |        94441 | NS      | $7933044.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnit PJSC                        | Magnit PJSC                                                | CUSIP: 000000000<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |       195032 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EUROPEAN BK RECON & DEV            | European Bank for Reconstruction & Development             | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | N/A       |    197470000 | PA      | $4322979.62   | 0.06%             | 2027-09-27      | Fixed         | 28.00%                | No            |                  2 | On Loan: No      |
| BPCE SA                            | BPCE SA                                                    | CUSIP: 05578QAF0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |      2500000 | PA      | $2251590.88   | 0.03%             | 2032-10-19      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140Y6XE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9559999 | PA      | $9464970.99   | 0.12%             | 2055-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Star Bulk Carriers Corp            | Star Bulk Carriers Corp                                    | CUSIP: 000000000<br>LEI: 549300SO3FMK7H6DDY54 | Long             | EC               | CORP              | GR        |      1236110 | NS      | $28368724.50  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA               | Royal Bank of Canada                                       | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |       186900 | PA      | $11295301.50  | 0.15%             | 2026-11-12      | Fixed         | 14.42%                | No            |                  2 | On Loan: No      |
| VIRIBUS RE 2024                    | VIRIBUS RE 2024                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       333333 | PA      | $21099.98     | 0.00%             | 2029-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133D1B73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3446643 | PA      | $3496894.47   | 0.05%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31425VYR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3818981 | PA      | $3914501.43   | 0.05%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140ATJJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6765835 | PA      | $6869994.50   | 0.09%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PINE VALLEY RE 2025                | PINE VALLEY RE 2025                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       500000 | PA      | $517830.00    | 0.01%             | 2029-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Bristol-Myers Squibb Co            | Bristol-Myers Squibb Co                                    | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      1710446 | NS      | $94160052.30  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |        61900 | PA      | $14936160.50  | 0.20%             | 2027-02-08      | Fixed         | 14.93%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700W882<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       368000 | PA      | $5402424.00   | 0.07%             | 2026-08-17      | Fixed         | 13.96%                | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK              | Toronto-Dominion Bank/The                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |       137200 | PA      | $12862500.00  | 0.17%             | 2026-03-13      | Fixed         | 10.68%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133BGW61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5535391 | PA      | $5633635.33   | 0.07%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd         | Samsung Electronics Co Ltd                                 | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      1089833 | NS      | $121521603.79 | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |        31700 | PA      | $6910283.00   | 0.09%             | 2026-10-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       323800 | PA      | $13865116.00  | 0.18%             | 2026-06-02      | Fixed         | 20.68%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140AGLV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10253952 | PA      | $10541563.92  | 0.14%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA               | Royal Bank of Canada                                       | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |        99200 | PA      | $7910208.00   | 0.10%             | 2026-03-20      | Fixed         | 18.92%                | No            |                  2 | On Loan: No      |
| SILK ROAD RE LTD                   | Silk Road Re Ltd                                           | CUSIP: 000000000<br>LEI: 984500F112D01CD7CD97 | Long             | DBT              | CORP              | HK        |       500000 | PA      | $503750.00    | 0.01%             | 2028-01-10      | Floating      | 9.56%                 | Yes           |                  3 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WASU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4719889 | PA      | $4787584.17   | 0.06%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31426A2W7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6508750 | PA      | $6602102.86   | 0.09%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T     | Tricolor Auto Securitization Trust 2022-1                  | CUSIP: 89616BAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2500000 | PA      | $1616250.00   | 0.02%             | 2029-07-16      | Fixed         | 9.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                   | Connecticut Avenue Securities Trust 2022-R01               | CUSIP: 20754LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5360000 | PA      | $5561986.78   | 0.07%             | 2041-12-25      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                   | ABN AMRO Bank NV                                           | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |      5300000 | PA      | $6378475.03   | 0.08%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD           | Merna Reinsurance II Ltd                                   | CUSIP: 59013MAK8<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |       750000 | PA      | $789075.00    | 0.01%             | 2027-07-07      | Floating      | 11.02%                | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR Trust 2019-DNA3                          | CUSIP: 35564TBE9<br>LEI: 549300KB1O80CETXGJ21 | Long             | ABS-MBS          | CORP              | US        |      6608000 | PA      | $7443962.22   | 0.10%             | 2049-07-25      | Floating      | 11.96%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140M63M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       645933 | PA      | $657525.53    | 0.01%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV            | BNP Paribas Issuance BV                                    | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |       265500 | PA      | $22644495.00  | 0.30%             | 2027-02-08      | Fixed         | 11.03%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DPPV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1025212 | PA      | $1043540.17   | 0.01%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                 | Energy Transfer LP                                         | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |      2158739 | NS      | $39828734.55  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS BANK USA             | Goldman Sachs Bank USA/New York NY                         | CUSIP: 38152A202<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |       457400 | PA      | $9770064.00   | 0.13%             | 2026-11-06      | Fixed         | 43.86%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2021-DNA3                    | CUSIP: 35564KFH7<br>LEI: 5493000ISUYHCRLRBE46 | Long             | ABS-MBS          | CORP              | US        |      2170000 | PA      | $2752927.10   | 0.04%             | 2033-10-25      | Floating      | 9.95%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60701B127<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       328200 | PA      | $12403170.30  | 0.16%             | 2026-10-20      | Fixed         | 12.54%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31425X4S5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2723057 | PA      | $2788331.37   | 0.04%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IBM                                | International Business Machines Corp                       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       293082 | NS      | $89888249.40  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700W775<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       158800 | PA      | $8869615.20   | 0.12%             | 2026-08-07      | Fixed         | 10.84%                | No            |                  2 | On Loan: No      |
| ORACLE CORP                        | Oracle Corp                                                | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     57379000 | PA      | $50595287.39  | 0.66%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                   | Connecticut Avenue Securities Trust 2021-R03               | CUSIP: 20754AAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5895000 | PA      | $6088867.69   | 0.08%             | 2041-12-25      | Floating      | 9.20%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust     | CFMT 2023-H12 LLC                                          | CUSIP: 12530QAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1600000 | PA      | $1579258.24   | 0.02%             | 2033-04-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK              | Toronto-Dominion Bank/The                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |        51100 | PA      | $16022149.50  | 0.21%             | 2026-12-16      | Fixed         | 12.40%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60701B226<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |        80500 | PA      | $8211442.75   | 0.11%             | 2026-10-28      | Fixed         | 11.22%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       460500 | PA      | $8042172.00   | 0.11%             | 2026-11-27      | Fixed         | 39.52%                | No            |                  2 | On Loan: No      |
| EASTON RE LTD                      | Easton Re Ltd                                              | CUSIP: 27777AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       500000 | PA      | $507950.00    | 0.01%             | 2027-01-08      | Floating      | 11.06%                | Yes           |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                  | Trinidad & Tobago Government International Bond            | CUSIP: 896292AJ8<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |      2113000 | PA      | $2097152.50   | 0.03%             | 2026-08-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WCW75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1703947 | PA      | $1735264.62   | 0.02%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L     | Plains All American Pipeline LP                            | CUSIP: 726503105<br>LEI: 5521FA2ITF25TVH63740 | Long             | EC               | CORP              | US        |       364794 | NS      | $7018636.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MERNA REINSURANCE II LTD           | Merna Reinsurance II Ltd                                   | CUSIP: 59013MAL6<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |       750000 | PA      | $786225.00    | 0.01%             | 2027-07-07      | Floating      | 12.30%                | Yes           |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD            | Global Aircraft Leasing Co Ltd                             | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      4675000 | PA      | $4839237.43   | 0.06%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                   | Merrill Lynch BV                                           | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      1247200 | PA      | $13731173.12  | 0.18%             | 2026-06-29      | Fixed         | 19.45%                | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S     | BBCMS Mortgage Trust 2024-C28                              | CUSIP: 07336WBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $5201564.50   | 0.07%             | 2057-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700X849<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |        77300 | PA      | $13190897.15  | 0.17%             | 2026-09-22      | Fixed         | 15.29%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DP5B0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7411755 | PA      | $7594630.62   | 0.10%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XMRF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26791817 | PA      | $27232352.92  | 0.36%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MULTIFAMILY CONNECTICUT AVENUE     | Multifamily Connecticut Avenue Securities Trust 2020-01    | CUSIP: 62548QAD3<br>LEI: 5493002KQF9IH3CTQZ40 | Long             | ABS-MBS          | CORP              | US        |      2086367 | PA      | $2117717.33   | 0.03%             | 2050-03-25      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140MW2K1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       768185 | PA      | $779747.01    | 0.01%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ACORN RE LTD                       | Acorn Re Ltd                                               | CUSIP: 00485YAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       500000 | PA      | $507800.00    | 0.01%             | 2027-11-05      | Floating      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| Bank of Ireland Group PLC          | Bank of Ireland Group PLC                                  | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |      3687495 | NS      | $74940318.34  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140B0PG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3363365 | PA      | $3364295.79   | 0.04%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SECTOR RE V LTD                    | Sector Re V Ltd                                            | CUSIP: 81369AER9<br>LEI: 549300QS6XPZQHTCEJ97 | Long             | DBT              | CORP              | BM        |         2365 | PA      | $1025178.78   | 0.01%             | 2029-12-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| MERNA REINSURANCE II LTD           | Merna Reinsurance II Ltd                                   | CUSIP: 59013MAM4<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |      1500000 | PA      | $1553550.00   | 0.02%             | 2027-07-07      | Floating      | 12.01%                | Yes           |                  2 | On Loan: No      |
| PepsiCo Inc                        | PepsiCo Inc                                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       255893 | NS      | $39312841.59  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SUTTER RE LTD                      | Sutter Re Ltd                                              | CUSIP: 86944RAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       500000 | PA      | $505000.00    | 0.01%             | 2026-06-19      | Floating      | 10.27%                | Yes           |                  2 | On Loan: No      |
| TORREY PINES RE LTD                | Torrey Pines Re Ltd                                        | CUSIP: 89141WAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $260775.00    | 0.00%             | 2027-06-07      | Floating      | 9.61%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Products Partners L     | Enterprise Products Partners LP                            | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |       594844 | NS      | $19742872.36  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kia Corp                           | Kia Corp                                                   | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |        26274 | NS      | $2785474.78   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                           | APA Corp                                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |       138724 | NS      | $3663700.84   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                        | Viatris Inc                                                | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |       954221 | NS      | $12490752.89  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkafrost P/F                     | Bakkafrost P/F                                             | CUSIP: 000000000<br>LEI: 2138007LH7OP4V112978 | Long             | EC               | CORP              | FO        |        82922 | NS      | $3996925.64   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS BANK USA             | Goldman Sachs Bank USA/New York NY                         | CUSIP: 38152A236<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |       236300 | PA      | $12956329.00  | 0.17%             | 2026-12-31      | Fixed         | 13.34%                | No            |                  2 | On Loan: No      |
| State Street Corp                  | State Street Corp                                          | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |       246156 | NS      | $32211974.16  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133CE7G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5569300 | PA      | $5797742.48   | 0.08%             | 2053-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO           | Clear Channel Outdoor Holdings Inc                         | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |       570000 | PA      | $570178.41    | 0.01%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60701B713<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       171600 | PA      | $14189003.40  | 0.19%             | 2026-12-30      | Fixed         | 10.92%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700W197<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       149900 | PA      | $15689283.50  | 0.21%             | 2026-05-06      | Fixed         | 16.49%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140NM6Q5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2704243 | PA      | $2812907.05   | 0.04%             | 2053-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31425W2P5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4265663 | PA      | $4335647.59   | 0.06%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc       | Citizens Financial Group Inc                               | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      1082059 | NS      | $68148075.82  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140APAH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       888117 | PA      | $900855.12    | 0.01%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Gaming and Leisure Properties      | Gaming and Leisure Properties Inc                          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |       122382 | NS      | $5476594.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIPPINE GOVERNMENT              | Philippine Government Bond                                 | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    576400000 | PA      | $10266302.24  | 0.13%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                   | Connecticut Avenue Securities Trust 2021-R02               | CUSIP: 20754KAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3688000 | PA      | $3807462.80   | 0.05%             | 2041-11-25      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133CTGZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3824254 | PA      | $3912630.43   | 0.05%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DUEQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5745718 | PA      | $5914805.54   | 0.08%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133KRKK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17544073 | PA      | $17845862.44  | 0.23%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XMSF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28483219 | PA      | $29214170.26  | 0.38%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP            | International Bank for Reconstruction & Development        | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |       250000 | PA      | $265725.00    | 0.00%             | 2028-04-24      | Floating      | 15.87%                | Yes           |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60701B580<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |        70500 | PA      | $10692171.00  | 0.14%             | 2026-12-11      | Fixed         | 15.64%                | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO           | Clear Channel Outdoor Holdings Inc                         | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |      1860000 | PA      | $1840507.94   | 0.02%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GAMBOGE RE 2024                    | GAMBOGE RE 2024                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      4000000 | PA      | $1860800.00   | 0.02%             | 2030-03-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.   | NASDAQ 100 E-MINI                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |         -589 | NC      | $-268764.69   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XMBP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13922928 | PA      | $12102725.43  | 0.16%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK              | Toronto-Dominion Bank/The                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |        93300 | PA      | $21710910.00  | 0.28%             | 2026-12-30      | Fixed         | 11.40%                | No            |                  2 | On Loan: No      |
| TORREY PINES RE LTD                | Torrey Pines Re Ltd                                        | CUSIP: 89141WAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $259950.00    | 0.00%             | 2027-06-07      | Floating      | 10.68%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140NBRJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3028934 | PA      | $3086847.90   | 0.04%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XAPD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       287473 | PA      | $260644.14    | 0.00%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                  | Blue Ridge Re Ltd                                          | CUSIP: 096003AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1250000 | PA      | $1285750.00   | 0.02%             | 2027-01-08      | Floating      | 11.51%                | Yes           |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                           | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     62030600 | PA      | $61453908.96  | 0.80%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132E0R87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11081492 | PA      | $11375184.37  | 0.15%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140A1VP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2551236 | PA      | $2615770.47   | 0.03%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | STACR Trust 2018-HRP2                                      | CUSIP: 35564ACC3<br>LEI: 549300YG8OJES76WL398 | Long             | ABS-MBS          | CORP              | US        |      5880000 | PA      | $7172919.10   | 0.09%             | 2047-02-25      | Floating      | 14.31%                | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                  | International Finance Corp                                 | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | N/A       |     26000000 | PA      | $4877590.61   | 0.06%             | 2028-02-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SOLOMON RE LTD                     | Solomon Re Ltd                                             | CUSIP: 83427GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $253625.00    | 0.00%             | 2026-06-08      | Floating      | 9.07%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140AQY71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1660327 | PA      | $1686668.91   | 0.02%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140YWTV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2765406 | PA      | $2810614.40   | 0.04%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140ANNK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3244013 | PA      | $3249172.92   | 0.04%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |        98900 | PA      | $15438784.50  | 0.20%             | 2027-02-08      | Fixed         | 14.28%                | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Tru     | THPT 2023-THL Mortgage Trust                               | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3197168 | PA      | $3259678.34   | 0.04%             | 2034-12-10      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| Amcor PLC                          | Amcor PLC                                                  | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | CH        |      1024179 | NS      | $45319920.75  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |       146100 | PA      | $8226891.00   | 0.11%             | 2026-06-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31427NTS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8934330 | PA      | $9122473.11   | 0.12%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| 2001 CAT RE LTD                    | 2001 Cat RE Ltd                                            | CUSIP: 90215BAB3<br>LEI: 5493007NG10QO60NSO35 | Long             | DBT              | CORP              | BM        |       750000 | PA      | $782625.00    | 0.01%             | 2027-01-08      | Floating      | 16.61%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE III LTD                 | Sanders Re III Ltd                                         | CUSIP: 799925AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       650000 | PA      | $664300.00    | 0.01%             | 2026-06-05      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| BOFA FINANCE LLC                   | BofA Finance LLC                                           | CUSIP: 000000000<br>LEI: 549300CGZYSEY3ZSIW16 | Long             | DBT              | CORP              | US        |       574600 | PA      | $8170812.00   | 0.11%             | 2026-08-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BW LPG Ltd                         | BW LPG Ltd                                                 | CUSIP: 000000000<br>LEI: 5493006WBEME88YFDW23 | Long             | EC               | CORP              | SG        |       835639 | NS      | $13171694.12  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140MEXF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3000007 | PA      | $3002110.47   | 0.04%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR Trust 2019-DNA4                          | CUSIP: 35565ABE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3150000 | PA      | $3491970.30   | 0.05%             | 2049-10-25      | Floating      | 10.06%                | No            |                  2 | On Loan: No      |
| MARLON LTD                         | Marlon Ltd                                                 | CUSIP: 571253AA1<br>LEI: 98450044CD0YE4DAFC06 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $263750.00    | 0.00%             | 2027-06-07      | Floating      | 10.88%                | Yes           |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31427M3U3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     26159335 | PA      | $26705095.27  | 0.35%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133CNUM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2946225 | PA      | $3009940.91   | 0.04%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XRKM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10873849 | PA      | $11239033.13  | 0.15%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       117600 | PA      | $12605544.00  | 0.16%             | 2026-09-24      | Fixed         | 16.72%                | No            |                  2 | On Loan: No      |
| GROUPE SOLMAX INC                  | Groupe Solmax Inc                                          | CUSIP: 000000000<br>LEI: 549300UUEKZ3HF9FNI46 | Long             | LON              | CORP              | CA        |       940857 | PA      | $800611.10    | 0.01%             | 2028-07-24      | Floating      | 8.62%                 | No            |                  2 | On Loan: No      |
| MAYFLOWER RE LTD                   | Mayflower Re Ltd                                           | CUSIP: 57839MAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $1028000.00   | 0.01%             | 2027-07-08      | Floating      | 8.45%                 | Yes           |                  2 | On Loan: No      |
| UBS GROUP AG                       | UBS Group AG                                               | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      7425000 | PA      | $7425000.00   | 0.10%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140ALAX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4338656 | PA      | $4343406.01   | 0.06%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2021-DNA1                    | CUSIP: 35564KBE8<br>LEI: 5493000IT1PBTE7DAT80 | Long             | ABS-MBS          | CORP              | US        |      2765000 | PA      | $3089266.20   | 0.04%             | 2051-01-25      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Permian Resources Corp             | Permian Resources Corp                                     | CUSIP: 71424F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2310029 | NS      | $37260767.77  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Thopas Re 2020, 12/31/23           | Thopas Re 2020, 12/31/23                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $4500.00      | 0.00%             | 2026-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| ORACLE CORP                        | Oracle Corp                                                | CUSIP: 68389XBP9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     45257000 | PA      | $36439775.11  | 0.48%             | 2037-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PI0047 2024-1                      | PI0047 2024-1                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      5272146 | PA      | $5715061.32   | 0.07%             | 2029-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| PURPLE RE LTD                      | Purple Re Ltd                                              | CUSIP: 74639NAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       500000 | PA      | $522000.00    | 0.01%             | 2027-06-07      | Floating      | 12.70%                | Yes           |                  2 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |       359700 | PA      | $14814244.50  | 0.19%             | 2026-12-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Honma Golf Ltd                     | Honma Golf Ltd                                             | CUSIP: 000000000<br>LEI: 2138004YAWWM4FWJ3U62 | Long             | EC               | CORP              | JP        |      5134000 | NS      | $2043847.36   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140AGK94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3130973 | PA      | $3191809.24   | 0.04%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133C5FM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6183496 | PA      | $6360194.09   | 0.08%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SP                       | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |        29600 | PA      | $9260656.00   | 0.12%             | 2026-12-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                  | Blue Ridge Re Ltd                                          | CUSIP: 096003AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       750000 | PA      | $762075.00    | 0.01%             | 2027-01-08      | Floating      | 8.77%                 | Yes           |                  2 | On Loan: No      |
| Taisei Corp                        | Taisei Corp                                                | CUSIP: 000000000<br>LEI: 529900TF7XJKIOWMLQ79 | Long             | EC               | CORP              | JP        |       161200 | NS      | $16030421.30  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA               | Royal Bank of Canada                                       | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |       221900 | PA      | $17747562.00  | 0.23%             | 2026-02-24      | Fixed         | 12.77%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133C2PU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6395679 | PA      | $6434150.13   | 0.08%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fuji Electric Co Ltd               | Fuji Electric Co Ltd                                       | CUSIP: 000000000<br>LEI: 5299000HVNGZZTYYM906 | Long             | EC               | CORP              | JP        |       345900 | NS      | $24563459.55  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       554600 | PA      | $7977255.48   | 0.10%             | 2026-12-02      | Fixed         | 39.47%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140NP6D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7547108 | PA      | $7656452.97   | 0.10%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barrick Mining Corp                | Barrick Mining Corp                                        | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      1700277 | NS      | $77855683.83  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                            | MPLX LP                                                    | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |       971477 | NS      | $54305564.30  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133CYVB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1800626 | PA      | $1836713.04   | 0.02%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                   | Connecticut Avenue Securities Trust 2020-R01               | CUSIP: 20754CAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4020000 | PA      | $4097691.32   | 0.05%             | 2040-01-25      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                   | Societe Generale SA                                        | CUSIP: 83368RBL5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |      6220000 | PA      | $6522187.75   | 0.09%             | 2033-06-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust     | CFMT 2023-H12 LLC                                          | CUSIP: 12530QAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4350000 | PA      | $4304066.61   | 0.06%             | 2033-04-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc                   | Crown Castle Inc                                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |        55229 | NS      | $4794429.49   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MYSTIC RE IV LTD                   | Mystic Re IV Ltd                                           | CUSIP: 62865LAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $253550.00    | 0.00%             | 2028-01-10      | Floating      | 7.55%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE III LTD                 | Sanders Re III Ltd                                         | CUSIP: 80000XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       800000 | PA      | $800800.00    | 0.01%             | 2026-04-07      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2020-DNA6                    | CUSIP: 35566CBE4<br>LEI: 5493000ITBQFEOXM0S98 | Long             | ABS-MBS          | CORP              | US        |      2675000 | PA      | $3122798.48   | 0.04%             | 2050-12-25      | Floating      | 9.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140B14S2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2161726 | PA      | $2170294.24   | 0.03%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                       | UBS Group AG                                               | CUSIP: 902613AG3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     31703000 | PA      | $31551966.91  | 0.41%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PANGAEA RE 2025-1                  | PANGAEA RE 2025-1                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2500000 | PA      | $2414991.97   | 0.03%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DSCM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4154971 | PA      | $4261844.96   | 0.06%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                  | Johnson & Johnson                                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       166974 | NS      | $37944841.50  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700V108<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       338200 | PA      | $11089408.90  | 0.15%             | 2026-03-12      | Fixed         | 20.39%                | No            |                  2 | On Loan: No      |
| MERION RE 2025-1                   | MERION RE 2025-1                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $1041469.19   | 0.01%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XSB69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27858210 | PA      | $27907931.33  | 0.37%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140W0Q99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26558461 | PA      | $27118270.51  | 0.35%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MYSTIC RE IV LTD                   | Mystic Re IV Ltd                                           | CUSIP: 62865LAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1750000 | PA      | $1819125.00   | 0.02%             | 2027-01-08      | Floating      | 15.55%                | Yes           |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |        42000 | PA      | $5493180.00   | 0.07%             | 2026-10-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LETRA TESOURO NACIONAL             | Brazil Letras do Tesouro Nacional                          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    186200000 | PA      | $30691243.66  | 0.40%             | 2027-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pear LLC                           | PEAR 2023-1 LLC                                            | CUSIP: 70473AAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1248720 | PA      | $1254539.92   | 0.02%             | 2035-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin     | Santander Bank Auto Credit-Linked Notes Series 2022-A      | CUSIP: 80290CAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       443937 | PA      | $445292.49    | 0.01%             | 2032-05-15      | Fixed         | 12.66%                | No            |                  2 | On Loan: No      |
| Tourmaline Oil Corp                | Tourmaline Oil Corp                                        | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |       151800 | NS      | $7183925.38   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                       | DNB Bank ASA                                               | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |      1032151 | NS      | $29655384.63  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN IMPERIAL BANK             | Canadian Imperial Bank of Commerce                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |       141500 | PA      | $13404988.35  | 0.18%             | 2026-11-24      | Fixed         | 9.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31427MLS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7717286 | PA      | $7906053.30   | 0.10%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALAMO RE LTD                       | Alamo Re Ltd                                               | CUSIP: 011395AP5<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $264000.00    | 0.00%             | 2027-06-07      | Floating      | 11.95%                | Yes           |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95005A870<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       175300 | PA      | $3411338.00   | 0.04%             | 2027-01-27      | Fixed         | 12.83%                | No            |                  2 | On Loan: No      |
| FOUR LAKES RE LTD                  | Four Lakes Re Ltd                                          | CUSIP: 35087TAH1<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $255175.00    | 0.00%             | 2028-01-07      | Floating      | 11.81%                | Yes           |                  2 | On Loan: No      |
| ABN AMRO Bank NV                   | ABN AMRO Bank NV                                           | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |      2003696 | NS      | $73770017.52  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| THOPAS RE 2023                     | THOPAS RE 2023                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2500000 | PA      | $6500.00      | 0.00%             | 2028-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| FLOODSMART RE LTD                  | FloodSmart Re Ltd                                          | CUSIP: 33975CAP0<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |      1500000 | PA      | $1597500.00   | 0.02%             | 2027-03-12      | Floating      | 17.88%                | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA               | Royal Bank of Canada                                       | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |       485100 | PA      | $9835232.72   | 0.13%             | 2026-03-04      | Fixed         | 11.76%                | No            |                  2 | On Loan: No      |
| Coterra Energy Inc                 | Coterra Energy Inc                                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |       249175 | NS      | $7188698.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140ARMA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3771396 | PA      | $3861202.63   | 0.05%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Douglas Emmett Inc                 | Douglas Emmett Inc                                         | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       183641 | NS      | $1939248.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133CEQD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1279798 | PA      | $1331120.80   | 0.02%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA               | Royal Bank of Canada                                       | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |       215900 | PA      | $9114218.50   | 0.12%             | 2026-09-18      | Fixed         | 13.39%                | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK              | Toronto-Dominion Bank/The                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |       241300 | PA      | $11076876.50  | 0.14%             | 2026-12-15      | Fixed         | 19.81%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                   | Merrill Lynch BV                                           | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |        92500 | PA      | $10452944.00  | 0.14%             | 2026-05-19      | Fixed         | 16.06%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WGBZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7721173 | PA      | $7909356.49   | 0.10%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                | WELLS FARGO - AMAZON.COM INC 9.01 09 17                    | CUSIP: 95004P670<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       102600 | PA      | $24026868.00  | 0.31%             | 2026-09-17      | Fixed         | 9.01%                 | No            |                  2 | On Loan: No      |
| Eni SpA                            | Eni SpA                                                    | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |       350280 | NS      | $7152310.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95003X120<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       208600 | PA      | $6084862.00   | 0.08%             | 2026-05-08      | Fixed         | 33.63%                | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                 | Conagra Brands Inc                                         | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |       406472 | NS      | $7523796.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PALM RE LTD                        | Palm RE Ltd                                                | CUSIP: 69664FAA6<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $262075.00    | 0.00%             | 2027-06-07      | Floating      | 13.26%                | Yes           |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133C7NG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4965113 | PA      | $5074410.81   | 0.07%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp                   | FirstEnergy Corp                                           | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      1242455 | NS      | $58817819.70  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WAHX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7585894 | PA      | $7773649.14   | 0.10%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc        | Honeywell International Inc                                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |        29235 | NS      | $6651547.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700W635<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       209900 | PA      | $18684038.60  | 0.24%             | 2026-07-10      | Fixed         | 15.34%                | No            |                  2 | On Loan: No      |
| FOUR LAKES RE LTD                  | Four Lakes Re Ltd                                          | CUSIP: 35087TAG3<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $255650.00    | 0.00%             | 2028-01-07      | Floating      | 9.06%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140QM4F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       275844 | PA      | $240251.81    | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31427PAS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10566670 | PA      | $10812701.81  | 0.14%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |        72400 | PA      | $11022538.00  | 0.14%             | 2026-07-30      | Fixed         | 12.20%                | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.   | EURO FX CURR                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              | CORP              | US        |         2375 | NC      | $2317655.63   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Angel Oak Mortgage REIT Inc        | Angel Oak Mortgage REIT Inc                                | CUSIP: 03464Y108<br>LEI: 5493008M8D7W7VZZ7V36 | Long             | EC               | CORP              | US        |       944060 | NS      | $8468218.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133CRN66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2035901 | PA      | $2082950.59   | 0.03%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XNMR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25838532 | PA      | $26239662.73  | 0.34%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV            | BNP Paribas Issuance BV                                    | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |       210000 | PA      | $18954600.00  | 0.25%             | 2026-10-14      | Fixed         | 9.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132E0XR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7220021 | PA      | $7166047.55   | 0.09%             | 2053-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Co/The                 | Kraft Heinz Co/The                                         | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |       492525 | NS      | $11692543.50  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2021-HQA2                    | CUSIP: 35564KGS2<br>LEI: 5493000ISM9M3KNO6J64 | Long             | ABS-MBS          | CORP              | US        |      1310000 | PA      | $1586278.35   | 0.02%             | 2033-12-25      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| X5 Retail Group NV                 | X5 Retail Group NV                                         | CUSIP: 98387E205<br>LEI: 213800J17UJJJDGUVF56 | Long             | EC               | CORP              | RU        |        48325 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PENNYMAC CORP                      | PennyMac Corp                                              | CUSIP: 70932AAF0<br>LEI: EWN0I878407TKQNXZ933 | Long             | DBT              | CORP              | US        |      4895000 | PA      | $4863182.50   | 0.06%             | 2026-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                   | Merrill Lynch BV                                           | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |       384000 | PA      | $23512704.00  | 0.31%             | 2026-06-24      | Fixed         | 12.84%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |        85900 | PA      | $10305414.41  | 0.13%             | 2026-04-10      | Fixed         | 17.21%                | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA               | Royal Bank of Canada                                       | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |       907600 | PA      | $9883310.20   | 0.13%             | 2026-03-12      | Fixed         | 17.41%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133KY6V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     54243623 | PA      | $54626796.61  | 0.71%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| thyssenkrupp AG                    | thyssenkrupp AG                                            | CUSIP: 000000000<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |      3286366 | NS      | $43980126.56  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| First Abu Dhabi Bank PJSC          | First Abu Dhabi Bank PJSC                                  | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |       786628 | NS      | $3984011.11   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WCWQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1620165 | PA      | $1650259.82   | 0.02%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALAMO RE LTD                       | Alamo Re Ltd                                               | CUSIP: 011395AN0<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |       500000 | PA      | $522450.00    | 0.01%             | 2027-06-07      | Floating      | 10.06%                | Yes           |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND            | Hungary Government Bond                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   1441490000 | PA      | $4059776.04   | 0.05%             | 2032-05-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND            | Turkiye Government Bond                                    | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    176759679 | PA      | $2918040.86   | 0.04%             | 2028-03-08      | Fixed         | 12.40%                | No            |                  2 | On Loan: No      |
| Pfizer Inc                         | Pfizer Inc                                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      4520822 | NS      | $119530533.68 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DSRW4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35872262 | PA      | $36008938.97  | 0.47%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95004P498<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       299500 | PA      | $7520445.00   | 0.10%             | 2026-10-13      | Fixed         | 15.18%                | No            |                  2 | On Loan: No      |
| Brightstar Lottery PLC             | Brightstar Lottery PLC                                     | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | GB        |      2944773 | NS      | $42640313.04  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700X880<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |        44500 | PA      | $9598672.25   | 0.13%             | 2026-10-16      | Fixed         | 18.09%                | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                  | Cisco Systems Inc                                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1060511 | NS      | $83059221.52  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MATIV HOLDINGS INC                 | Mativ Holdings Inc                                         | CUSIP: 80854EAH1<br>LEI: 549300Z1FU4IDULG1R21 | Long             | LON              | CORP              | US        |       313078 | PA      | $311904.45    | 0.00%             | 2028-04-20      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                           | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     61068900 | PA      | $60820807.59  | 0.80%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                  | US RENAL CARE INC                                          | CUSIP: 90290PAS3<br>LEI: 54930058SS5MF69JGN89 | Long             | LON              | CORP              | US        |       809815 | PA      | $764642.77    | 0.01%             | 2028-06-28      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XNNQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6141982 | PA      | $5332744.95   | 0.07%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                | Cheniere Energy Inc                                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |        67048 | NS      | $14181992.96  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp                | Ladder Capital Corp                                        | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |       528740 | NS      | $5800277.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31427PQQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4152340 | PA      | $4188243.34   | 0.05%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                        | Danaos Corp                                                | CUSIP: 23585WAA2<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |      2065000 | PA      | $2067721.67   | 0.03%             | 2028-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BW LPG Ltd                         | BW LPG Ltd                                                 | CUSIP: 000000000<br>LEI: 5493006WBEME88YFDW23 | Long             | EC               | CORP              | SG        |      1340309 | NS      | $20962432.76  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KILIMANJARO II RE LTD              | Kilimanjaro II Re Ltd                                      | CUSIP: 49407QAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       750000 | PA      | $792450.00    | 0.01%             | 2028-06-30      | Floating      | 10.81%                | Yes           |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WGKN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2137724 | PA      | $2188316.44   | 0.03%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95004P233<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |        48200 | PA      | $10835842.00  | 0.14%             | 2026-12-11      | Fixed         | 14.81%                | No            |                  2 | On Loan: No      |
| PPG Industries Inc                 | PPG Industries Inc                                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |       207874 | NS      | $24036470.62  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HERBIE RE LTD                      | Herbie Re Ltd                                              | CUSIP: 42703VAJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       500000 | PA      | $509200.00    | 0.01%             | 2029-01-08      | Floating      | 10.82%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XNNR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8261009 | PA      | $7164060.46   | 0.09%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DP6J2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1526368 | PA      | $1390548.69   | 0.02%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140QT2P3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11585812 | PA      | $11786869.01  | 0.15%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                     | Merck & Co Inc                                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |        64809 | NS      | $7146488.43   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140QU6U5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2832190 | PA      | $2837244.80   | 0.04%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LUCKY BUCKS LLC                    | LUCKY BUCKS LLC                                            | CUSIP: 54951EAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |        29161 | PA      | $22308.39     | 0.00%             | 2029-10-02      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31425YPL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14877943 | PA      | $15103836.86  | 0.20%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700U886<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       160100 | PA      | $10003048.00  | 0.13%             | 2026-03-12      | Fixed         | 18.28%                | No            |                  2 | On Loan: No      |
| Darden Restaurants Inc             | Darden Restaurants Inc                                     | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |        74356 | NS      | $14822868.60  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KENDALL RE LTD                     | Kendall Re Ltd                                             | CUSIP: 48878QAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $1039200.00   | 0.01%             | 2027-04-30      | Floating      | 9.80%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133D0FV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1664111 | PA      | $1690667.02   | 0.02%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chevron Lubricants Lanka PLC       | Chevron Lubricants Lanka PLC                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LK        |      1390013 | NS      | $875775.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140NLS34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1351672 | PA      | $1374735.98   | 0.02%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rosy Blue Carat S.A.               | Rosy Blue Carat SCS                                        | CUSIP: 77862UAC2<br>LEI: 222100OTGQJOXUS2K930 | Long             | ABS-O            | CORP              | US        |       343750 | PA      | $349628.13    | 0.00%             | 2030-03-15      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       418400 | PA      | $6426624.00   | 0.08%             | 2026-04-30      | Fixed         | 76.02%                | No            |                  3 | On Loan: No      |
| KILIMANJARO II RE LTD              | Kilimanjaro II Re Ltd                                      | CUSIP: 49407QAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $262900.00    | 0.00%             | 2028-06-30      | Floating      | 9.81%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                   | Connecticut Avenue Securities Trust 2020-R02               | CUSIP: 20754WAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8501543 | PA      | $8639307.95   | 0.11%             | 2040-01-25      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp                   | HF Sinclair Corp                                           | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |       366081 | NS      | $19032551.19  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140MKT44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27994980 | PA      | $28241022.68  | 0.37%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |        25500 | PA      | $15616593.47  | 0.20%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133KM5V3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1448171 | PA      | $1262431.45   | 0.02%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                     | BNP Paribas SA                                             | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |       733387 | NS      | $79282009.58  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |       365500 | PA      | $29254620.00  | 0.38%             | 2026-08-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                   | Merrill Lynch BV                                           | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |       988700 | PA      | $13513353.86  | 0.18%             | 2026-09-23      | Fixed         | 17.00%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       196700 | PA      | $12699935.50  | 0.17%             | 2026-03-11      | Fixed         | 16.09%                | No            |                  2 | On Loan: No      |
| AQUILA RE LTD 2023-1               | Aquila Re I Ltd Series 2023-1                              | CUSIP: 03843AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       500000 | PA      | $510500.00    | 0.01%             | 2026-06-08      | Floating      | 10.82%                | Yes           |                  2 | On Loan: No      |
| Octane Receivables Trust           | Octane Receivables Trust 2022-1                            | CUSIP: 67571EAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1664000 | PA      | $1684618.62   | 0.02%             | 2029-12-20      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700W205<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |        75500 | PA      | $9650145.75   | 0.13%             | 2026-05-08      | Fixed         | 14.10%                | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                  | International Finance Corp                                 | CUSIP: 000000000<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | N/A       |    153575000 | PA      | $29179302.82  | 0.38%             | 2030-01-16      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140M7H61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2919079 | PA      | $2921126.48   | 0.04%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31426FY76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3906937 | PA      | $3962973.23   | 0.05%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Benchmark 2024-V8 Mortgage Tru     | Benchmark 2024-V8 Mortgage Trust                           | CUSIP: 08190AAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4311000 | PA      | $4570052.73   | 0.06%             | 2057-07-15      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD           | Merna Reinsurance II Ltd                                   | CUSIP: 59013MAH5<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |      1300000 | PA      | $1340950.00   | 0.02%             | 2026-07-07      | Floating      | 11.93%                | Yes           |                  2 | On Loan: No      |
| Blackbird Capital Aircraft         | Blackbird Capital Aircraft Lease Securitization Ltd 2016-1 | CUSIP: 09228YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |       410621 | PA      | $411343.79    | 0.01%             | 2041-12-16      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140B4W48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3786238 | PA      | $3840542.91   | 0.05%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DQN36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1885117 | PA      | $1706758.96   | 0.02%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp                 | Regal Rexnord Corp                                         | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |        81571 | NS      | $13173716.50  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGH POINT RE LTD                  | High Point Re Ltd                                          | CUSIP: 429932AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2000000 | PA      | $2023400.00   | 0.03%             | 2027-01-06      | Floating      | 9.20%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XRKR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5209169 | PA      | $5343186.99   | 0.07%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                        | Oracle Corp                                                | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     11386000 | PA      | $6908840.80   | 0.09%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                   | Merrill Lynch BV                                           | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |      1014500 | PA      | $23349934.90  | 0.31%             | 2026-06-24      | Fixed         | 12.12%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |        80800 | PA      | $13157472.00  | 0.17%             | 2026-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch BV                   | BANK OF AMERICA - TREX COMPANY INC 15.59                   | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |       258100 | PA      | $10625977.00  | 0.14%             | 2027-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SECTOR RE V LTD                    | Sector Re V Ltd                                            | CUSIP: 81369AES7<br>LEI: 549300QS6XPZQHTCEJ97 | Long             | DBT              | CORP              | BM        |         2028 | PA      | $879096.22    | 0.01%             | 2029-12-01      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Cal-Maine Foods Inc                | Cal-Maine Foods Inc                                        | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |         8061 | NS      | $673335.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BONANZA RE LTD                     | Bonanza RE Ltd                                             | CUSIP: 09785EAP6<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $251700.00    | 0.00%             | 2027-12-19      | Floating      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV         | Anheuser-Busch InBev SA/NV                                 | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |       855792 | NS      | $61343170.56  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH INTL CO CV           | Merrill Lynch International & Co CV                        | CUSIP: 000000000<br>LEI: AHYI0DDQ2LCHPGHJC422 | Long             | DBT              | CORP              | CW        |       533400 | PA      | $15191232.00  | 0.20%             | 2026-04-07      | Fixed         | 21.30%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       289000 | PA      | $13466966.50  | 0.18%             | 2026-11-18      | Fixed         | 20.96%                | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO           | Capital One Financial Corp                                 | CUSIP: 14040HCT0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      3000000 | PA      | $3060367.29   | 0.04%             | 2033-05-10      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |        93300 | PA      | $21524310.00  | 0.28%             | 2026-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rithm Capital Corp                 | Rithm Capital Corp                                         | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |       906673 | NS      | $9919002.62   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KILIMANJARO III RE LTD             | Kilimanjaro III Re Ltd                                     | CUSIP: 49407PAH3<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $255000.00    | 0.00%             | 2026-04-20      | Floating      | 14.81%                | Yes           |                  2 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |        57900 | PA      | $11798862.00  | 0.15%             | 2026-08-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2021-DNA7                    | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |      3480000 | PA      | $3652921.20   | 0.05%             | 2041-11-25      | Floating      | 11.50%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |       158400 | PA      | $36942048.00  | 0.48%             | 2026-09-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2021-HQA1                    | CUSIP: 35564KCP2<br>LEI: 5493000ISMYB8CLVZD05 | Long             | ABS-MBS          | CORP              | US        |      5405000 | PA      | $6374440.80   | 0.08%             | 2033-08-25      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                        | Oracle Corp                                                | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     20139000 | PA      | $12561473.48  | 0.16%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95003X138<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       389500 | PA      | $17445705.00  | 0.23%             | 2026-07-13      | Fixed         | 12.41%                | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |       416500 | PA      | $14161462.32  | 0.19%             | 2026-11-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2021-HQA3                    | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |      1970000 | PA      | $2026401.69   | 0.03%             | 2041-09-25      | Floating      | 9.95%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |        54500 | PA      | $12561977.50  | 0.16%             | 2026-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DTPL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4334205 | PA      | $4409970.42   | 0.06%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD           | Merna Reinsurance II Ltd                                   | CUSIP: 59013MAJ1<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |      1600000 | PA      | $1654400.00   | 0.02%             | 2026-07-07      | Floating      | 14.02%                | Yes           |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WGBY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8144311 | PA      | $8351868.87   | 0.11%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DPGG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21147520 | PA      | $21245442.81  | 0.28%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |        95000 | PA      | $14443325.00  | 0.19%             | 2026-12-15      | Fixed         | 15.54%                | No            |                  2 | On Loan: No      |
| BONANZA RE LTD                     | Bonanza RE Ltd                                             | CUSIP: 09785EAQ4<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $1017500.00   | 0.01%             | 2027-12-19      | Floating      | 9.12%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN SP                       | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |        80400 | PA      | $5631216.00   | 0.07%             | 2026-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95003X344<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       448800 | PA      | $57869169.60  | 0.76%             | 2026-06-24      | Fixed         | 15.48%                | No            |                  2 | On Loan: No      |
| FIRST HORIZON CORP                 | First Horizon Corp                                         | CUSIP: 320517865<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |        12040 | NS      | $217081.20    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.   | S&P500 EMINI                                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        -3066 | NC      | $-15118826.48 | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWATER RE 2025                 | CLEARWATER RE 2025                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $1136008.79   | 0.01%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Shell PLC                          | Shell PLC                                                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      1232020 | NS      | $94902500.60  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140NKLH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6461499 | PA      | $6635340.67   | 0.09%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140A8KQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2158794 | PA      | $2200763.05   | 0.03%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2022-DNA2                    | CUSIP: 35564KSQ3<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |      2650000 | PA      | $2832959.18   | 0.04%             | 2042-02-25      | Floating      | 12.20%                | No            |                  2 | On Loan: No      |
| AQUILA RE LTD 2023-1               | Aquila Re I Ltd Series 2023-1                              | CUSIP: 03843AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       250000 | PA      | $256250.00    | 0.00%             | 2026-06-08      | Floating      | 12.39%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140QP4C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5061513 | PA      | $5141748.26   | 0.07%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US Bancorp                         | US Bancorp                                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      1830494 | NS      | $102709018.34 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                          | Adobe Inc                                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       177991 | NS      | $52195860.75  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Motor Co                   | Hyundai Motor Co                                           | CUSIP: 000000000<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |        11464 | NS      | $3982214.81   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOODSMART RE LTD                  | FloodSmart Re Ltd                                          | CUSIP: 33975CAM7<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $1015000.00   | 0.01%             | 2026-03-11      | Floating      | 20.67%                | Yes           |                  2 | On Loan: No      |
| Alexandria Real Estate Equitie     | Alexandria Real Estate Equities Inc                        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |        25647 | NS      | $1401352.08   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |       116100 | PA      | $14412073.50  | 0.19%             | 2026-02-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T     | Tricolor Auto Securitization Trust 2023-1                  | CUSIP: 89616KAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5000000 | PA      | $3037500.00   | 0.04%             | 2028-06-15      | Fixed         | 13.45%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                   | Connecticut Avenue Securities Trust 2022-R05               | CUSIP: 20754DAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6000000 | PA      | $6394860.00   | 0.08%             | 2042-04-25      | Floating      | 10.70%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31427NU98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7626138 | PA      | $7814055.63   | 0.10%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL     | JPMorgan Chase Bank NA - CACLN                             | CUSIP: 48128U2S7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        22910 | PA      | $22960.13     | 0.00%             | 2028-12-26      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| Rosneft Oil Co PJSC                | Rosneft Oil Co PJSC                                        | CUSIP: 000000000<br>LEI: 253400JT3MQWNDKMJE44 | Long             | EC               | CORP              | RU        |      1271403 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CSG NV                             | CSG NV                                                     | CUSIP: 000000000<br>LEI: 31570078IM9ILNPQUB16 | Long             | EC               | CORP              | CZ        |        47994 | NS      | $1738264.41   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC | CLEAR CHANNEL OUTDOOR HO                                   | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |       498439 | PA      | $499435.77    | 0.01%             | 2028-08-23      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       298200 | PA      | $14540232.00  | 0.19%             | 2026-11-19      | Fixed         | 21.06%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140QUVH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7890086 | PA      | $8091078.99   | 0.11%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                       | UBS Group AG                                               | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     29708000 | PA      | $29599657.89  | 0.39%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VITALITY RE XIV LTD                | Vitality Re XIV Ltd                                        | CUSIP: 92851QAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |       600000 | PA      | $611400.00    | 0.01%             | 2027-01-05      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| Western Midstream Partners LP      | Western Midstream Partners LP                              | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       249581 | NS      | $10347628.26  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Westgate Resorts                   | Westgate Resorts 2023-1 LLC                                | CUSIP: 96033EAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1659775 | PA      | $1700945.56   | 0.02%             | 2037-12-20      | Fixed         | 10.14%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700W247<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       138400 | PA      | $7580514.00   | 0.10%             | 2026-05-14      | Fixed         | 12.13%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140AQ3Y6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2541589 | PA      | $2548249.51   | 0.03%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |       117000 | PA      | $14575275.00  | 0.19%             | 2026-03-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133D0AP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3810188 | PA      | $3814965.40   | 0.05%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GATEWAY RE LTD                     | Gateway Re Ltd                                             | CUSIP: 36779CAG1<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $256325.00    | 0.00%             | 2027-07-08      | Floating      | 9.46%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140AJUP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4003885 | PA      | $4092035.89   | 0.05%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SP                       | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |        62900 | PA      | $15051970.00  | 0.20%             | 2027-02-08      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DUKT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7612138 | PA      | $7721316.21   | 0.10%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hensoldt AG                        | Hensoldt AG                                                | CUSIP: 000000000<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |       392878 | NS      | $38955632.46  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XMA55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17638007 | PA      | $17979826.63  | 0.24%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133D1NF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6248781 | PA      | $6401010.34   | 0.08%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Webuild SpA                        | Webuild SpA                                                | CUSIP: 000000000<br>LEI: 549300UKR289DF4UXQ47 | Long             | EC               | CORP              | IT        |      2876501 | NS      | $11899715.01  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| INTESA SANPAOLO SPA                | Intesa Sanpaolo SpA                                        | CUSIP: 46115HCB1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |      4917000 | PA      | $5935922.37   | 0.08%             | 2054-06-20      | Fixed         | 7.78%                 | No            |                  2 | On Loan: No      |
| VITALITY RE XIV LTD                | Vitality Re XIV Ltd                                        | CUSIP: 92851QAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      3250000 | PA      | $3292575.00   | 0.04%             | 2027-01-05      | Floating      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| MERRILL LYNCH BV                   | Merrill Lynch BV                                           | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |        66600 | PA      | $20560419.00  | 0.27%             | 2026-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RUSSIA GOVT BOND - OFZ             | Russian Federal Bond - OFZ                                 | CUSIP: 000000000<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |     59074000 | PA      | $0.00         | 0.00%             | 2027-02-03      | Fixed         | 8.15%                 | Yes           |                  3 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR Trust 2019-FTR3                          | CUSIP: 35565EAE2<br>LEI: 5493009ZFZYH4FRCW638 | Long             | ABS-MBS          | CORP              | US        |      8395000 | PA      | $9180691.41   | 0.12%             | 2047-09-25      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E           | Alexandria Real Estate Equities Inc                        | CUSIP: 015271AX7<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     10844000 | PA      | $6886594.00   | 0.09%             | 2051-05-18      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                        | LUKOIL PJSC                                                | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |        47954 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CARNOUSTIE RE 2025                 | CARNOUSTIE RE 2025                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2500000 | PA      | $2675094.52   | 0.04%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| RESIDENTIAL REIN 2024              | Residential Reinsurance 2004 Ltd                           | CUSIP: 76112AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      1000000 | PA      | $1022800.00   | 0.01%             | 2028-12-06      | Floating      | 10.51%                | Yes           |                  2 | On Loan: No      |
| MERRILL LYNCH BV                   | Merrill Lynch BV                                           | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |       154800 | PA      | $12459852.00  | 0.16%             | 2026-04-10      | Fixed         | 16.49%                | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95004P480<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       187500 | PA      | $2900625.00   | 0.04%             | 2026-10-16      | Fixed         | 34.45%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140AQ3X8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2389717 | PA      | $2395268.99   | 0.03%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133C5EC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14933263 | PA      | $15310381.85  | 0.20%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31425XLQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3874266 | PA      | $3968647.98   | 0.05%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140A0A66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2581427 | PA      | $2690754.94   | 0.04%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                    | Nordea Bank Abp                                            | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |      3418160 | NS      | $66103745.82  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| THOPAS RE 2025                     | THOPAS RE 2025                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2500000 | PA      | $3067250.00   | 0.04%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| FIRST COAST RE IV LTD              | First Coast Re IV Ltd                                      | CUSIP: 31969UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $1013000.00   | 0.01%             | 2026-04-07      | Floating      | 13.51%                | Yes           |                  2 | On Loan: No      |
| ATLAS CAPITAL DAC                  | Atlas Capital DAC                                          | CUSIP: 049207AB9<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |       750000 | PA      | $825075.00    | 0.01%             | 2027-06-08      | Floating      | 15.99%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                   | Connecticut Avenue Securities Trust 2021-R01               | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4610000 | PA      | $4754431.30   | 0.06%             | 2041-10-25      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP            | International Bank for Reconstruction & Development        | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | N/A       |       250000 | PA      | $266300.00    | 0.00%             | 2028-04-24      | Floating      | 17.37%                | Yes           |                  2 | On Loan: No      |
| AQUILA RE LTD 2024-1               | Aquila Re I Ltd Series 2024-1                              | CUSIP: 037987AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       500000 | PA      | $515350.00    | 0.01%             | 2027-06-07      | Floating      | 8.96%                 | Yes           |                  2 | On Loan: No      |
| Exeter Automobile Receivables      | Exeter Automobile Receivables Trust 2025-2                 | CUSIP: 30168JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9330000 | PA      | $9722663.31   | 0.13%             | 2032-10-15      | Fixed         | 7.81%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31425YQX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3188575 | PA      | $3271204.07   | 0.04%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95004P142<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       208600 | PA      | $27195182.00  | 0.36%             | 2026-12-30      | Fixed         | 10.90%                | No            |                  2 | On Loan: No      |
| KeyCorp                            | KeyCorp                                                    | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      1930259 | NS      | $41539173.68  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN SP                       | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |        50900 | PA      | $14926425.00  | 0.20%             | 2027-02-08      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| SANDERS RE II LTD                  | Sanders RE II Ltd                                          | CUSIP: 80001RAB7<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |      2500000 | PA      | $2590750.00   | 0.03%             | 2029-04-07      | Floating      | 8.92%                 | Yes           |                  2 | On Loan: No      |
| AGNC Investment Corp               | AGNC Investment Corp                                       | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |      1527394 | NS      | $17412291.60  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BERWICK RE 2025                    | BERWICK RE 2025                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2000000 | PA      | $2220000.00   | 0.03%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Hershey Co/The                     | Hershey Co/The                                             | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |        36154 | NS      | $7040991.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae or Freddie Mac          | Fannie Mae or Freddie Mac                                  | CUSIP: 01F030629<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9400000 | PA      | $8330158.55   | 0.11%             | 2056-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133CEQK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1091158 | PA      | $1137986.93   | 0.01%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                     | Amazon.com Inc                                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |       147782 | NS      | $35364232.60  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS CAPITAL DAC                  | Atlas Capital DAC                                          | CUSIP: 049207AA1<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |      1250000 | PA      | $1288875.00   | 0.02%             | 2026-06-05      | Floating      | 11.31%                | Yes           |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31427NSC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10818574 | PA      | $11090671.58  | 0.15%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DT7G9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17169845 | PA      | $17416105.75  | 0.23%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sanofi SA                          | Sanofi SA                                                  | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |       741363 | NS      | $69598950.86  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95003X336<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |        30800 | PA      | $6417180.00   | 0.08%             | 2026-06-25      | Fixed         | 18.37%                | No            |                  2 | On Loan: No      |
| GALILEO RE LTD                     | Galileo Re Ltd                                             | CUSIP: 36354TAN2<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |      1250000 | PA      | $1304625.00   | 0.02%             | 2028-01-07      | Floating      | 10.55%                | Yes           |                  2 | On Loan: No      |
| SANDERS RE II LTD                  | Sanders RE II Ltd                                          | CUSIP: 80001RAA9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |      2500000 | PA      | $2546750.00   | 0.03%             | 2029-04-07      | Floating      | 7.55%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133KMHE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3310096 | PA      | $2885537.63   | 0.04%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Global Mortgage Securitization     | Global Mortgage Securitization Ltd                         | CUSIP: 378961AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |       176418 | PA      | $1.76         | 0.00%             | 2032-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MasTec Inc                         | MasTec Inc                                                 | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |        63660 | NS      | $15308956.80  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DVCZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14395891 | PA      | $14439286.43  | 0.19%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB     | Fomento Economico Mexicano SAB de CV                       | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |       633445 | NS      | $66106320.20  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SCF Equipment Trust Llc            | SCF Equipment Leasing 2022-2 LLC                           | CUSIP: 78397WAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1277608 | PA      | $1278434.43   | 0.02%             | 2035-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Multifamily Connecticut Avenue     | Multifamily Connecticut Avenue Securities Trust 2019-01    | CUSIP: 62547NAD1<br>LEI: 549300HG8ZEWVWVSN227 | Long             | ABS-MBS          | CORP              | US        |      5750000 | PA      | $5877184.25   | 0.08%             | 2049-10-25      | Floating      | 12.56%                | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E           | Alexandria Real Estate Equities Inc                        | CUSIP: 015271AZ2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     13631000 | PA      | $9426183.82   | 0.12%             | 2052-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BBVA                               | Banco Bilbao Vizcaya Argentaria SA                         | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |       899952 | NS      | $22881961.31  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                 | Crown Holdings Inc                                         | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |        67072 | NS      | $7021096.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKE TAVERN RE LTD                | Locke Tavern Re Ltd                                        | CUSIP: 539694AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1300000 | PA      | $1307800.00   | 0.02%             | 2026-04-09      | Floating      | 8.51%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140NDR41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        74922 | PA      | $77633.60     | 0.00%             | 2053-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RMF Buyout Issuance Trust          | RMF Buyout Issuance Trust 2022-HB1                         | CUSIP: 76970HAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1800000 | PA      | $82800.00     | 0.00%             | 2032-04-25      | Variable      | 4.50%                 | No            |                  3 | On Loan: No      |
| LIGHTNING RE SERIES 2023           | Lightning Re Series 2023-1                                 | CUSIP: 532242AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2000000 | PA      | $2026000.00   | 0.03%             | 2026-03-31      | Floating      | 14.55%                | Yes           |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DUNR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16386114 | PA      | $16792486.06  | 0.22%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2021-DNA5                    | CUSIP: 35564KJB6<br>LEI: 5493000ISU5NYXNHD479 | Long             | ABS-MBS          | CORP              | US        |      3530000 | PA      | $4275712.50   | 0.06%             | 2034-01-25      | Floating      | 9.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DUJJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8589001 | PA      | $8942355.41   | 0.12%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Global Mortgage Securitization     | Global Mortgage Securitization Ltd                         | CUSIP: 378961AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |        11868 | PA      | $4638.89      | 0.00%             | 2032-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140W33A5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8622862 | PA      | $8654493.91   | 0.11%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DNKA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5071947 | PA      | $5092571.00   | 0.07%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140A6SQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1674261 | PA      | $1706576.38   | 0.02%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95003X567<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |      3026300 | PA      | $9714423.00   | 0.13%             | 2026-05-06      | Fixed         | 18.36%                | No            |                  2 | On Loan: No      |
| Eversource Energy                  | Eversource Energy                                          | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      1606145 | NS      | $111032803.85 | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| FUCHSIA 2024-1 LONDON BR           | Fuchsia 2024-1 - London Bridge 2 PCC Ltd                   | CUSIP: 541917AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $1032800.00   | 0.01%             | 2028-04-06      | Floating      | 8.68%                 | Yes           |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700U860<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       471800 | PA      | $9777583.20   | 0.13%             | 2026-03-04      | Fixed         | 11.64%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |       155600 | PA      | $23733668.00  | 0.31%             | 2026-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CRH PLC                            | CRH PLC                                                    | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |       576879 | NS      | $70615758.39  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XNNP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6807639 | PA      | $5934531.79   | 0.08%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95003X773<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       105900 | PA      | $11356580.45  | 0.15%             | 2026-03-26      | Fixed         | 18.88%                | No            |                  2 | On Loan: No      |
| RUSSIA GOVT BOND - OFZ             | Russian Federal Bond - OFZ                                 | CUSIP: 000000000<br>LEI: 5493004EHVGF71PDBU58 | Long             | DBT              | NUSS              | RU        |     61885000 | PA      | $0.00         | 0.00%             | 2033-03-23      | Fixed         | 7.70%                 | Yes           |                  3 | On Loan: No      |
| Grupo Financiero Banorte SAB d     | Grupo Financiero Banorte SAB de CV                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     10681900 | NS      | $120761214.41 | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133CFU98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5227818 | PA      | $5440672.60   | 0.07%             | 2053-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV            | BNP Paribas Issuance BV                                    | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |       118900 | PA      | $10736665.60  | 0.14%             | 2026-03-30      | Fixed         | 21.08%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700X872<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       219500 | PA      | $12264782.00  | 0.16%             | 2026-09-29      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| Sino Land Co Ltd                   | Sino Land Co Ltd                                           | CUSIP: 000000000<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |      6162000 | NS      | $9291785.82   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials In     | Solstice Advanced Materials Inc                            | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |         7308 | NS      | $451415.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp             | Regions Financial Corp                                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      3901004 | NS      | $111178614.00 | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC           | Lloyds Banking Group PLC                                   | CUSIP: 53944YBB8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     10000000 | PA      | $10401760.00  | 0.14%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Viribus Re 2019, 12/31/22          | Viribus Re 2019, 12/31/22                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1500000 | PA      | $0.00         | 0.00%             | 2026-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Multifamily Connecticut Avenue     | Multifamily Connecticut Avenue Securities Trust 2019-01    | CUSIP: 62547NAB5<br>LEI: 549300HG8ZEWVWVSN227 | Long             | ABS-MBS          | CORP              | US        |      1526816 | PA      | $1550836.19   | 0.02%             | 2049-10-25      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Edenred SE                         | Edenred SE                                                 | CUSIP: 000000000<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |      1453019 | NS      | $30433678.39  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc             | KB Financial Group Inc                                     | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |       822295 | NS      | $77236545.78  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Mortgage Insurance Co     | Triangle Re 2023-1 Ltd                                     | CUSIP: 89589AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2910322 | PA      | $2934767.47   | 0.04%             | 2033-11-25      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| SANDERS RE III LTD                 | Sanders Re III Ltd                                         | CUSIP: 799927AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |       750000 | PA      | $784200.00    | 0.01%             | 2028-04-07      | Floating      | 9.12%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WFC21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3577709 | PA      | $3644166.09   | 0.05%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      2841300 | PA      | $11393613.00  | 0.15%             | 2026-06-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31425USC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4936405 | PA      | $5012296.73   | 0.07%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH BV                   | Merrill Lynch BV                                           | CUSIP: 000000000<br>LEI: 549300RQ1D1WIE085245 | Long             | DBT              | CORP              | NL        |        27600 | PA      | $5112072.00   | 0.07%             | 2026-04-07      | Fixed         | 13.63%                | No            |                  2 | On Loan: No      |
| Multifamily Structured Credit      | Freddie Mac Mscr Trust Mn1                                 | CUSIP: 35563FAC5<br>LEI: 549300XWC4JMK6CH6K84 | Long             | ABS-MBS          | USGSE             | US        |       899000 | PA      | $996306.86    | 0.01%             | 2051-01-25      | Floating      | 11.45%                | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60701B119<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       199200 | PA      | $6254382.00   | 0.08%             | 2026-10-20      | Fixed         | 19.56%                | No            |                  2 | On Loan: No      |
| Persimmon PLC                      | Persimmon PLC                                              | CUSIP: 000000000<br>LEI: 213800XI72Y57UWN6F31 | Long             | EC               | CORP              | GB        |      1921288 | NS      | $36963661.75  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XMFB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9858382 | PA      | $9733522.64   | 0.13%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Alcoa Corp                         | Alcoa Corp                                                 | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |       182629 | NS      | $10375153.49  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                | Intesa Sanpaolo SpA                                        | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |      4823816 | NS      | $34113052.82  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31427MW56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22721953 | PA      | $23266598.18  | 0.30%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Buzzi SpA                          | Buzzi SpA                                                  | CUSIP: 000000000<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |      1375192 | NS      | $78113617.48  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XNBX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10381211 | PA      | $10537516.01  | 0.14%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2021-DNA2                    | CUSIP: 35564KDY2<br>LEI: 5493007ZK0X40BI7UF30 | Long             | ABS-MBS          | CORP              | US        |       795000 | PA      | $993257.10    | 0.01%             | 2033-08-25      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                        | Ovintiv Inc                                                | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |       458689 | NS      | $19939210.83  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Auxilior Term Funding LLC          | Auxilior Term Funding 2023-1 LLC                           | CUSIP: 05335JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4250000 | PA      | $4669168.58   | 0.06%             | 2032-12-15      | Fixed         | 10.97%                | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA               | Royal Bank of Canada                                       | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |       190000 | PA      | $10306550.00  | 0.13%             | 2026-03-12      | Fixed         | 11.93%                | No            |                  2 | On Loan: No      |
| Viper Energy Inc                   | Viper Energy Inc                                           | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        93812 | NS      | $3972000.08   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Thopas Re 2021, 12/31/24           | Thopas Re 2021, 12/31/24                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1500000 | PA      | $0.00         | 0.00%             | 2026-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| ORACLE CORP                        | Oracle Corp                                                | CUSIP: 68389XCB9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     78595000 | PA      | $50446147.31  | 0.66%             | 2061-03-25      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| FOUR LAKES RE LTD                  | Four Lakes Re Ltd                                          | CUSIP: 35087TAF5<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $253725.00    | 0.00%             | 2027-01-07      | Floating      | 12.48%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140B4XF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       514024 | PA      | $524016.33    | 0.01%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95003X872<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |       182100 | PA      | $9844326.00   | 0.13%             | 2026-03-05      | Fixed         | 11.86%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 31418FTM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25947668 | PA      | $26133093.82  | 0.34%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                        | Oracle Corp                                                | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     19645000 | PA      | $12880234.03  | 0.17%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                         | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    397256298 | NS      | $397256298.07 | 5.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH       | Huntington Bancshares Inc/OH                               | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |      2738242 | NS      | $47864470.16  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp               | SL Green Realty Corp                                       | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |       470692 | NS      | $21077587.76  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RESIDENTIAL RE 2023 LTD            | Residential Reinsurance 2023 Ltd                           | CUSIP: 76090WAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |       750000 | PA      | $783900.00    | 0.01%             | 2027-12-06      | Floating      | 9.54%                 | Yes           |                  2 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |        39600 | PA      | $12271644.00  | 0.16%             | 2026-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31426GAL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3626520 | PA      | $3720362.71   | 0.05%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133KY6Z7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22966637 | PA      | $23094150.29  | 0.30%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140AR5D8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5948731 | PA      | $6034051.94   | 0.08%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oasis Securitisation               | Libra Solutions 2025-1 LLC                                 | CUSIP: 53161AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1000000 | PA      | $1000855.90   | 0.01%             | 2039-08-15      | Fixed         | 9.90%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |        57500 | PA      | $9808729.50   | 0.13%             | 2026-04-21      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| REDWOOD TRUST INC                  | Redwood Trust Inc                                          | CUSIP: 758075AF2<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | DBT              | CORP              | US        |     24685100 | PA      | $24931951.00  | 0.33%             | 2027-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |       215300 | PA      | $26318538.97  | 0.34%             | 2026-04-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALAMO RE LTD                       | Alamo Re Ltd                                               | CUSIP: 011395AJ9<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |      1500000 | PA      | $1538100.00   | 0.02%             | 2026-06-07      | Floating      | 12.60%                | Yes           |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                | Wells Fargo Bank NA                                        | CUSIP: 95003X328<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |        68400 | PA      | $10444680.00  | 0.14%             | 2026-07-10      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| Eastern Power LLC                  | EASTERN POWER LLC                                          | CUSIP: 87264NAB3<br>LEI: 5493000R3E1L1VM1V279 | Long             | LON              | CORP              | US        |       326394 | PA      | $328570.46    | 0.00%             | 2028-04-03      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       496500 | PA      | $10614226.65  | 0.14%             | 2026-02-02      | Fixed         | 85.15%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140B15F9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16091623 | PA      | $16353214.62  | 0.21%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Avid Automobile Receivables Tr     | Avid Automobile Receivables Trust 2023-1                   | CUSIP: 05368QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1436971 | PA      | $1441453.23   | 0.02%             | 2027-12-15      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                       | SM Energy Co                                               | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |       132539 | NS      | $2580528.49   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3142GQCM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20544145 | PA      | $21088650.83  | 0.28%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR Trust 2019-FTR4                          | CUSIP: 35565GAE7<br>LEI: 549300K0XW5MBR2WNZ55 | Long             | ABS-MBS          | CORP              | US        |      3020000 | PA      | $3325254.96   | 0.04%             | 2047-11-25      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| FOUR LAKES RE LTD                  | Four Lakes Re Ltd                                          | CUSIP: 35087TAE8<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |       250000 | PA      | $253650.00    | 0.00%             | 2027-01-07      | Floating      | 9.36%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XNNM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5710186 | PA      | $4971960.02   | 0.07%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Nexi SpA                           | Nexi SpA                                                   | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | EC               | CORP              | IT        |     10467605 | NS      | $44730030.99  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK              | Toronto-Dominion Bank/The                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |       677400 | PA      | $11827404.00  | 0.15%             | 2026-11-25      | Fixed         | 39.23%                | No            |                  2 | On Loan: No      |
| RESIDENTIAL RE 2023 LTD            | Residential Reinsurance 2023 Ltd                           | CUSIP: 76090WAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      1250000 | PA      | $1309125.00   | 0.02%             | 2027-12-06      | Floating      | 12.27%                | No            |                  2 | On Loan: No      |
| BXP Inc                            | BXP Inc                                                    | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |        28433 | NS      | $1838762.11   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Sabadell SA               | Banco de Sabadell SA                                       | CUSIP: 000000000<br>LEI: SI5RG2M0WQQLZCXKRM20 | Long             | EC               | CORP              | ES        |     12591324 | NS      | $49327541.11  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WDQW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2547579 | PA      | $2605159.43   | 0.03%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRIBUS RE 2023                    | VIRIBUS RE 2023                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2000000 | PA      | $62600.00     | 0.00%             | 2028-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Torex Gold Resources Inc           | Torex Gold Resources Inc                                   | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |       185700 | NS      | $8938257.26   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GATEWAY RE LTD                     | Gateway Re Ltd                                             | CUSIP: 36779CAC0<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |       600000 | PA      | $604800.00    | 0.01%             | 2026-02-24      | Floating      | 17.50%                | Yes           |                  2 | On Loan: No      |
| CAL Receivables LLC                | CAL Receivables 2022-1 LLC                                 | CUSIP: 12804BAB4<br>LEI: 549300GJW1JSYKS6S265 | Long             | ABS-O            | CORP              | US        |       394827 | PA      | $394815.58    | 0.01%             | 2026-10-15      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                 | BSPRT 2022-FL8 Issuer Ltd                                  | CUSIP: 055983AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       873434 | PA      | $873427.37    | 0.01%             | 2037-02-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140B4XA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6339109 | PA      | $6439505.23   | 0.08%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140Y7KP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4879620 | PA      | $4890959.69   | 0.06%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                    | Danske Bank A/S                                            | CUSIP: 000000000<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |       613426 | NS      | $31302460.82  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       393300 | PA      | $7945761.24   | 0.10%             | 2026-11-13      | Fixed         | 43.47%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140A0BA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2288209 | PA      | $2388084.13   | 0.03%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |       531500 | PA      | $19343942.50  | 0.25%             | 2026-05-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       350700 | PA      | $13922439.30  | 0.18%             | 2026-06-08      | Fixed         | 15.37%                | No            |                  2 | On Loan: No      |
| Cardinal Health Inc                | Cardinal Health Inc                                        | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       137338 | NS      | $29511189.44  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Commercial Mortgage S     | BBCMS Mortgage Trust 2024-5C27                             | CUSIP: 05555FAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5000000 | PA      | $5246782.00   | 0.07%             | 2057-07-15      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                 | MCR 2024-TWA Mortgage Trust                                | CUSIP: 582923AF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6310000 | PA      | $6442819.82   | 0.08%             | 2039-06-12      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| THOPAS RE 2024                     | THOPAS RE 2024                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      2500000 | PA      | $14750.00     | 0.00%             | 2029-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| GOLDMAN SACHS INTERNATIO           | Goldman Sachs International                                | CUSIP: 38149C410<br>LEI: W22LROWP2IHZNBB6K528 | Long             | DBT              | CORP              | GB        |        89300 | PA      | $10019460.00  | 0.13%             | 2026-03-18      | Fixed         | 10.60%                | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140W0FG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11141609 | PA      | $11165883.49  | 0.15%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140ATLJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7393423 | PA      | $7415708.50   | 0.10%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XMX76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9088450 | PA      | $9254578.95   | 0.12%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SLG Office Trust                   | SLG Office Trust 2021-OVA                                  | CUSIP: 78449RAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6440000 | PA      | $5651161.82   | 0.07%             | 2041-07-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3142GWNM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15000000 | PA      | $15028512.15  | 0.20%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |      1902100 | PA      | $3823221.00   | 0.05%             | 2026-09-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                    | United States Treasury Note/Bond                           | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     38200000 | PA      | $37271859.18  | 0.49%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                      | HSBC Bank PLC                                              | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |       354000 | PA      | $19455840.00  | 0.25%             | 2026-12-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140A32Z5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5123016 | PA      | $5398165.31   | 0.07%             | 2053-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Alturas Re 2021-3, 7/31/25         | Alturas Re 2021-3, 7/31/25                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      1000000 | PA      | $25600.00     | 0.00%             | 2026-07-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| LUCKY BUCKS LLC                    | LUCKY BUCKS LLC                                            | CUSIP: 54951EAH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |        13925 | PA      | $12949.90     | 0.00%             | 2028-10-02      | Floating      | 11.66%                | No            |                  2 | On Loan: No      |
| Multifamily Structured Credit      | Freddie Mac Mscr Trust Mn3                                 | CUSIP: 35563GAA7<br>LEI: 549300FK6HM4FW58SP67 | Long             | ABS-MBS          | USGSE             | US        |      1503353 | PA      | $1504782.67   | 0.02%             | 2051-11-25      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133C65N5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15353810 | PA      | $15601536.53  | 0.20%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Merchants Fleet Funding LLC        | Merchants Fleet Funding LLC                                | CUSIP: 588926AE5<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |      2000000 | PA      | $2029271.40   | 0.03%             | 2036-05-20      | Fixed         | 10.80%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2022-DNA1                    | CUSIP: 35564KQZ5<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-MBS          | CORP              | US        |      3450000 | PA      | $3615591.38   | 0.05%             | 2042-01-25      | Floating      | 10.80%                | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                   | Bellemeade Re 2022-1 Ltd                                   | CUSIP: 078774AE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |      2400000 | PA      | $2459755.68   | 0.03%             | 2032-01-26      | Floating      | 9.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       551300 | PA      | $21809428.00  | 0.29%             | 2026-11-19      | Fixed         | 14.68%                | No            |                  2 | On Loan: No      |
| Newmont Corp                       | Newmont Corp                                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |       373809 | NS      | $41997441.15  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp               | Bank of America Corp                                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      5840332 | NS      | $310705662.40 | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Two Harbors Investment Corp        | Two Harbors Investment Corp                                | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |       511976 | NS      | $5872364.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TURKIYE GOVERNMENT BOND            | Turkiye Government Bond                                    | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    521808900 | PA      | $12203511.28  | 0.16%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133KNN33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       424168 | PA      | $369479.74    | 0.00%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS ISSUANCE BV            | BNP Paribas Issuance BV                                    | CUSIP: 000000000<br>LEI: 7245009UXRIGIRYOBR48 | Long             | DBT              | CORP              | NL        |        96000 | PA      | $10860480.00  | 0.14%             | 2026-06-18      | Fixed         | 17.02%                | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK             | Canadian Imperial Bank of Commerce                         | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |       172200 | PA      | $7884607.50   | 0.10%             | 2026-03-16      | Fixed         | 18.15%                | No            |                  2 | On Loan: No      |
| JP MORGAN STRUCTURED PRO           | JP Morgan Structured Products BV                           | CUSIP: 000000000<br>LEI: XZYUUT6IYN31D9K77X08 | Long             | DBT              | CORP              | NL        |        78300 | PA      | $8913672.00   | 0.12%             | 2026-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 31425UGU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12711201 | PA      | $13016068.98  | 0.17%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA             | Goldman Sachs Bank USA/New York NY                         | CUSIP: 38152A137<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |       256500 | PA      | $9659790.00   | 0.13%             | 2026-08-24      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3132DVLP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2884190 | PA      | $2508976.89   | 0.03%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133CQDX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5472284 | PA      | $5601547.65   | 0.07%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL RE 2022 LTD            | Residential Reinsurance 2022 Ltd                           | CUSIP: 76119YAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |       500000 | PA      | $514300.00    | 0.01%             | 2026-12-06      | Floating      | 11.16%                | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT               | Indonesia Treasury Bond                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 161493000000 | PA      | $9982066.58   | 0.13%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133D1A74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4399612 | PA      | $4404429.08   | 0.06%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133C1DZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1776066 | PA      | $1809536.75   | 0.02%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card      | Mercury Financial Credit Card Master Trust                 | CUSIP: 58940BBC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10220000 | PA      | $10288232.81  | 0.13%             | 2029-07-20      | Fixed         | 10.42%                | No            |                  2 | On Loan: No      |
| Freddie Mac                        | Freddie Mac Pool                                           | CUSIP: 3133WAZG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10702107 | PA      | $10537501.54  | 0.14%             | 2054-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                         | Fannie Mae Pool                                            | CUSIP: 3140XLC71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12084459 | PA      | $12167639.93  | 0.16%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN              | Mizuho Markets Cayman LP                                   | CUSIP: 60700X823<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |       350700 | PA      | $12353407.50  | 0.16%             | 2026-09-18      | Fixed         | 11.41%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                | Freddie Mac STACR REMIC Trust 2020-HQA5                    | CUSIP: 35565TBE8<br>LEI: 5493000IT2BRJ2Q9YQ96 | Long             | ABS-MBS          | CORP              | US        |      1900000 | PA      | $2332148.54   | 0.03%             | 2050-11-25      | Floating      | 11.10%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS           | Citigroup Global Markets Holdings Inc/United States        | CUSIP: 000000000<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |       234800 | PA      | $17233146.00  | 0.23%             | 2026-11-03      | Fixed         | 10.70%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-01

**Name of Applicant:** Victory Portfolios IV

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer