# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001193125-25-300116
**Filing Date:** 2025-11
**Character Count:** 243472
**Document Hash:** 162d18fadfa365bff7c03208f6b9641a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-300116.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-300116

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 251529252

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-914-4141

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Trust
- **DATE OF NAME CHANGE:** 20050603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Equity Trust
- **DATE OF NAME CHANGE:** 20050218

## Series and Classes Contracts Data

### Palmer Square Income Plus Fund (Series ID: S000044040)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000136684 | Class I      | PSYPX           |
| C000248662 | Class T      | PSTPX           |

## Nport-Ex

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BANK LOANS — 4.8%** |  |
| 836063 | AAdvantage Loyalty IP Ltd.<br> 6.543% (3-Month Term SOFR+225 basis points), 4/20/2028<sup>2,3,4,5</sup> | $835774 |
| 992500 | AmWINS Group, Inc.<br> 6.606% (1-Month Term SOFR+225 basis points), 1/30/2032<sup>2,3,4</sup> | 993140 |
| 1691138 | Astoria Energy LLC<br> 7.106% (1-Month Term SOFR+275 basis points), 6/23/2032<sup>2,3,4</sup> | 1697252 |
| 1375000 | Avantor Funding, Inc.<br> 0.000% (3-Month Euribor+250 basis points), 9/29/2032<sup>2,3,4</sup> | 1561766 |
| 984726 | Charter Communications Operating LLC<br> 6.541% (3-Month Term SOFR+225 basis points), 12/15/2031<sup>2,3,4</sup> | 985435 |
| 711011 | Coherent Corp.<br> 6.316% (1-Month Term SOFR+200 basis points), 7/2/2029<sup>2,3,4</sup> | 711455 |
| 1486887 | Core & Main LP<br> 6.315% (6-Month Term SOFR+200 basis points), 7/27/2028<sup>2,3,4</sup> | 1489518 |
| 1964861 | Corpay Technologies Operating Co. LLC<br> 5.913% (1-Month Term SOFR+175 basis points), 4/28/2028<sup>2,3,4</sup> | 1963947 |
| 1325947 | EFS Cogen Holdings I LLC<br> 7.796% (3-Month Term SOFR+350 basis points), 10/1/2027<sup>2,3,4</sup> | 1336203 |
| 1909716 | Elanco Animal Health, Inc.<br> 6.204% (1-Month Term SOFR+175 basis points), 8/2/2027<sup>2,3,4</sup> | 1909763 |
| 1670250 | Flutter Entertainment PLC<br> 5.752% (3-Month Term SOFR+175 basis points), 11/29/2030<sup>2,3,4,5</sup> | 1667745 |
| 1477074 | Froneri US, Inc.<br> 6.197% (6-Month Term SOFR+200 basis points), 9/30/2031<sup>2,3,4</sup> | 1468152 |
| 2206590 | Go Daddy Operating Co. LLC<br> 6.066% (1-Month Term SOFR+175 basis points), 11/13/2029<sup>2,3,4</sup> | 2206304 |
| 1959692 | Hudson River Trading LLC<br> 7.150% (1-Month Term SOFR+300 basis points), 3/18/2030<sup>2,3,4</sup> | 1965121 |
| 1346817 | Iridium Satellite LLC<br> 6.606% (1-Month Term SOFR+225 basis points), 9/20/2030<sup>2,3,4</sup> | 1279106 |
| 992424 | Iron Mountain Information Management LLC<br> 6.163% (1-Month Term SOFR+225 basis points), 1/31/2031<sup>2,3,4</sup> | 994285 |
| 1153926 | Janus International Group LLC<br> 6.856% (3-Month Term SOFR+250 basis points), 8/5/2030<sup>2,3,4</sup> | 1158231 |
| 1226989 | Kestrel Acquisition LLC<br> 7.796% (3-Month Term SOFR+350 basis points), 11/6/2031<sup>2,3,4</sup> | 1232614 |
| 992481 | Koppers, Inc.<br> 6.830% (1-Month Term SOFR+250 basis points), 4/10/2030<sup>2,3,4</sup> | 998377 |
| 1484962 | Light & Wonder International, Inc.<br> 6.610% (1-Month Term SOFR+225 basis points), 4/16/2029<sup>2,3,4</sup> | 1490999 |
| 1443369 | Medline Borrower LP<br> 6.413% (1-Month Term SOFR+225 basis points), 10/23/2028<sup>2,3,4</sup> | 1436152 |
| 1802233 | MITER Brands Acquisition Holdco, Inc.<br> 7.163% (1-Month Term SOFR+350 basis points), 3/28/2031<sup>2,3,4</sup> | 1811118 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BANK LOANS (Continued)** |  |
| 992109 | Northriver Midstream Finance LP<br> 6.541% (3-Month Term SOFR+300 basis points), 8/16/2030<sup>2,3,4,5</sup> | $993860 |
| 1484962 | PCI Gaming Authority<br> 6.316% (1-Month Term SOFR+250 basis points), 5/29/2026<sup>2,3,4</sup> | 1483804 |
| 995000 | Peer Holding III B.V.<br> 6.796% (3-Month Term SOFR+250 basis points), 7/1/2031<sup>2,3,4,5</sup> | 997284 |
| 1496241 | Primo Brands Corp.<br> 6.546% (3-Month Term SOFR+225 basis points), 3/31/2028<sup>2,3,4</sup> | 1497677 |
| 1492500 | Quikrete Holdings, Inc.<br> 6.560% (1-Month Term SOFR+225 basis points), 2/10/2032<sup>2,3,4</sup> | 1493261 |
| 1736875 | Ryan Specialty LLC<br> 6.163% (1-Month Term SOFR+225 basis points), 9/15/2031<sup>2,3,4</sup> | 1739593 |
| 1750000 | Sazerac Co., Inc.<br> 6.675% (1-Month Term SOFR+250 basis points), 7/9/2032<sup>2,3,4</sup> | 1762644 |
| 1000000 | Stonepeak Nile Parent LLC<br> 7.079% (3-Month Term SOFR+275 basis points), 4/12/2032<sup>2,3,4</sup> | 1000875 |
| 1488750 | Trans Union LLC<br> 6.066% (1-Month Term SOFR+175 basis points), 6/24/2031<sup>2,3,4</sup> | 1489301 |
| 1994949 | TransDigm, Inc.<br> 7.046% (3-Month Term SOFR+275 basis points), 3/22/2030<sup>2,3,4</sup> | 1995239 |
| 992462 | Wec U.S. Holdings Ltd.<br> 6.530% (1-Month Term SOFR+275 basis points), 1/27/2031<sup>2,3,4</sup> | 993906 |
| 1994962 | WEX, Inc.<br> 5.916% (1-Month Term SOFR+175 basis points), 4/3/2028<sup>2,3,4</sup> | 1994334 |
| 1950000 | WMG Acquisition Corp.<br> 5.949% (3-Month Term SOFR+175 basis points), 1/24/2031<sup>2,3,4</sup> | 1956103 |
| 750000 | Zegona Holdco Ltd.<br> 4.829% (3-Month Euribor+300 basis points), 7/30/2029<sup>2,3,4</sup> | 885626 |
|  | **TOTAL BANK LOANS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $51,507,728) | **51475964** |
|  | **BONDS — 92.0%** |  |
|  | **ASSET-BACKED SECURITIES — 47.1%** |  |
| 6500000 | 522 Funding CLO Ltd.<br> Series 2019-5A, Class AR, 5.648% (3-Month Term SOFR+133 basis points), 4/15/2035<sup>3,4,6</sup> | 6526531 |
| 1500000 | Series 2019-5A, Class ER, 11.078% (3-Month Term SOFR+676 basis points), 4/15/2035<sup>3,4,6</sup> | 1462968 |
| 1250000 | 720 East CLO 2023-II Ltd.<br> Series 2023-2A, Class D1R, 0.000% (3-Month Term SOFR+275 basis points), 10/15/2038<sup>3,4,6</sup> | 1250000 |
| 1125000 | &nbsp;&nbsp;&nbsp;Series 2023-2A, Class ER, 0.000% (3-Month Term SOFR+550 basis points), 10/15/2038<sup>3,4,6</sup> | 1125000 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 1000000 | AIMCO CLO Ltd.<br> Series 2019-10A, Class ARR, 5.742% (3-Month Term SOFR+141 basis points), 7/22/2037<sup>3,4,6</sup> | $1003227 |
| 2000000 | Anchorage Credit Funding Ltd.<br> Series 2016-3A, Class BR, 3.471%, 1/28/2039<sup>3,6</sup> | 1904716 |
| 1500000 | Annisa CLO Ltd.<br> Series 2016-2A, Class DRR, 7.125% (3-Month Term SOFR+280 basis points), 7/20/2031<sup>3,4,6</sup> | 1505044 |
| 1500000 | Apidos CLO<br> Series XXXA, Class CR, 7.329% (3-Month Term SOFR+300 basis points), 10/18/2031<sup>3,4,6</sup> | 1507376 |
| 4933701 | &nbsp;&nbsp;&nbsp;Series 2015-23A, Class ARR, 5.368% (3-Month Term SOFR+105 basis points), 4/15/2033<sup>3,4,6</sup> | 4936626 |
| 1750000 | &nbsp;&nbsp;&nbsp;Series 2017-28A, Class C1R, 7.124% (3-Month Term SOFR+285 basis points), 10/20/2038<sup>3,4,6</sup> | 1763936 |
| 3750000 | Ares CLO Ltd.<br> Series 2016-39A, Class AR3, 5.749% (3-Month Term SOFR+142 basis points), 7/18/2037<sup>3,4,6</sup> | 3762169 |
| 3800000 | &nbsp;&nbsp;&nbsp;Series 2015-2A, Class A1R4, 5.527% (3-Month Term SOFR+129 basis points), 7/17/2038<sup>3,4,6</sup> | 3811590 |
| 1500000 | Arini European CLO V DAC<br> Series 32X, Class C, 4.164% (3-Month Euribor+200 basis points), 4/15/2039<sup>3,4</sup> | 1769920 |
| 5829000 | BA Credit Card Trust<br> Series 2022-A2, Class A2, 5.000%, 4/15/2028<sup>3</sup> | 5834596 |
| 4320000 | &nbsp;&nbsp;&nbsp;Series 2023-A1, Class A1, 4.790%, 5/15/2028<sup>3</sup> | 4342244 |
| 1500000 | Bain Capital Credit CLO<br> Series 2018-2A, Class DR, 7.275% (3-Month Term SOFR+295 basis points), 7/19/2031<sup>3,4,6</sup> | 1506883 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2023-1A, Class A1R, 5.725% (3-Month Term SOFR+140 basis points), 7/16/2038<sup>3,4,6</sup> | 3017250 |
| 1250000 | &nbsp;&nbsp;&nbsp;Series 2023-1A, Class D1R, 7.525% (3-Month Term SOFR+320 basis points), 7/16/2038<sup>3,4,6</sup> | 1264532 |
| 1500000 | Ballyrock CLO Ltd.<br> Series 2023-24A, Class A2R, 6.028% (3-Month Term SOFR+170 basis points), 7/15/2038<sup>3,4,6</sup> | 1508512 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2019-2A, Class C1R3, 7.629% (3-Month Term SOFR+270 basis points), 10/25/2038<sup>3,4,6</sup> | 1000000 |
| 500000 | Series 2019-2A, Class C2R3, 7.629% (3-Month Term SOFR+395 basis points), 10/25/2038<sup>3,4,6</sup> | 500000 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 471739 | Barings CLO Ltd.<br> Series 2015-IA, Class AR, 5.577% (3-Month Term SOFR+125.16 basis points), 1/20/2031<sup>3,4,6</sup> | $472080 |
| 3900679 | Barings Equipment Finance LLC<br> Series 2025-A, Class A2, 4.640%, 10/13/2028<sup>3,6</sup> | 3923662 |
| 3500000 | Barings Euro CLO DAC<br> Series 2015-1X, Class DRR, 5.589% (3-Month Euribor+365 basis points), 7/25/2035<sup>3,4</sup> | 4110502 |
| 1378151 | Battalion CLO Ltd.<br> Series 2020-15A, Class A1RR, 5.302% (3-Month Term SOFR+98 basis points), 1/17/2033<sup>3,4,6</sup> | 1379182 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2020-15A, Class BR, 5.822% (3-Month Term SOFR+150 basis points), 1/17/2033<sup>3,4,6</sup> | 1000125 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2016-10A, Class CR2, 8.030% (3-Month Term SOFR+371.16 basis points), 1/25/2035<sup>3,4,6</sup> | 1986570 |
| 44324 | Bear Stearns ARM Trust<br> Series 2004-3, Class 1A3, 4.839%, 7/25/2034<sup>3,7</sup> | 41650 |
| 1850000 | Benefit Street Partners CLO Ltd.<br> Series 2019-18A, Class A1R, 5.749% (3-Month Term SOFR+143.16 basis points), 10/15/2034<sup>3,4,6</sup> | 1853035 |
| 750000 | &nbsp;&nbsp;&nbsp;Series 2020-21A, Class ER, 11.279% (3-Month Term SOFR+696.16 basis points), 10/15/2034<sup>3,4,6</sup> | 758212 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2019-18A, Class ER, 11.329% (3-Month Term SOFR+701.16 basis points), 10/15/2034<sup>3,4,6</sup> | 1007822 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2019-17A, Class D1R2, 7.468% (3-Month Term SOFR+315 basis points), 10/15/2037<sup>3,4,6</sup> | 1004315 |
| 1250000 | &nbsp;&nbsp;&nbsp;Series 2022-27A, Class D1R, 7.475% (3-Month Term SOFR+315 basis points), 10/20/2037<sup>3,4,6</sup> | 1259348 |
| 2500000 | &nbsp;&nbsp;&nbsp;Series 2014-IVA, Class AR5, 5.204% (3-Month Term SOFR+125 basis points), 10/20/2038<sup>3,4,6</sup> | 2506792 |
| 1250000 | &nbsp;&nbsp;&nbsp;Series 2025-42A, Class B, 5.771% (3-Month Term SOFR+170 basis points), 10/25/2038<sup>3,4,6</sup> | 1258835 |
| 2000000 | BlueMountain CLO Ltd.<br> Series 2015-3A, Class A2R, 6.087% (3-Month Term SOFR+176.16 basis points), 4/20/2031<sup>3,4,6</sup> | 2003102 |
| 1750000 | &nbsp;&nbsp;&nbsp;Series 2020-29A, Class D2R, 8.830% (3-Month Term SOFR+451.16 basis points), 7/25/2034<sup>3,4,6</sup> | 1757987 |
| 68386 | BMW Vehicle Lease Trust<br> Series 2023-2, Class A3, 5.990%, 9/25/2026<sup>3</sup> | 68508 |
| 450000 | BofA Auto Trust<br> Series 2024-1A, Class A3, 5.350%, 11/15/2028<sup>3,6</sup> | 454547 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 1000000 | Bryant Park Funding Ltd.<br> Series 2024-23A, Class E, 10.941% (3-Month Term SOFR+673 basis points), 5/15/2037<sup>3,4,6</sup> | $1009607 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2021-17RA, Class ER, 11.255% (3-Month Term SOFR+693 basis points), 1/20/2038<sup>3,4,6</sup> | 1009953 |
| 3925000 | Capital One Multi-Asset Execution Trust<br> Series 2022-A3, Class A, 4.950%, 10/15/2027<sup>3</sup> | 3926346 |
| 5020000 | &nbsp;&nbsp;&nbsp;Series 2023-A1, Class A, 4.420%, 5/15/2028<sup>3</sup> | 5033263 |
| 1557461 | Capital One Prime Auto Receivables Trust<br> Series 2022-2, Class A3, 3.660%, 5/17/2027<sup>3</sup> | 1555509 |
| 4275000 | Carmax Auto Owner Trust<br> Series 2025-3, Class A3, 4.350%, 7/15/2030<sup>3</sup> | 4313163 |
| 966485 | CarMax Auto Owner Trust<br> Series 2024-4, Class A2A, 4.670%, 12/15/2027<sup>3</sup> | 968360 |
| 1921947 | CarVal CLO II Ltd.<br> Series 2019-1A, Class AR2, 5.345% (3-Month Term SOFR+102 basis points), 4/20/2032<sup>3,4,6</sup> | 1923042 |
| 1000000 | CBAMR Ltd.<br> Series 2017-4A, Class BR, 6.081% (3-Month Term SOFR+180 basis points), 3/31/2038<sup>3,4,6</sup> | 1004620 |
| 2000000 | Cedar Funding CLO Ltd.<br> Series 2018-7A, Class DR, 7.075% (3-Month Term SOFR+275 basis points), 1/20/2031<sup>3,4,6</sup> | 2007956 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2024-19A, Class A1, 5.649% (3-Month Term SOFR+133 basis points), 1/23/2038<sup>3,4,6</sup> | 1004939 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2014-4A, Class DR3, 7.619% (3-Month Term SOFR+330 basis points), 1/23/2038<sup>3,4,6</sup> | 1020027 |
| 417103 | Chase Auto Owner Trust<br> Series 2024-5A, Class A2, 4.400%, 11/26/2027<sup>3,6</sup> | 417414 |
| 2800000 | CIFC European Funding CLO<br> Series 3X, Class D, 5.626% (3-Month Euribor+360 basis points), 1/15/2034<sup>3,4</sup> | 3295278 |
| 2745392 | CIFC Funding Ltd.<br> Series 2013-3RA, Class A1R, 5.319% (3-Month Term SOFR+100 basis points), 4/24/2031<sup>3,4,6</sup> | 2748537 |
| 3900000 | &nbsp;&nbsp;&nbsp;Series 2019-1A, Class A1R2, 5.685% (3-Month Term SOFR+136 basis points), 10/20/2037<sup>3,4,6</sup> | 3911174 |
| 5205000 | Citibank Credit Card Issuance Trust<br> Series 2023-A1, Class A1, 5.230%, 12/8/2027<sup>3</sup> | 5214832 |
| 4990765 | Citizens Auto Receivables Trust<br> Series 2024-1, Class A3, 5.110%, 4/17/2028<sup>3,6</sup> | 5019871 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 4506939 | COLT Mortgage Loan Trust<br> Series 2021-4, Class A1, 1.397%, 10/25/2066<sup>3,6,7</sup> | $3871321 |
| 4369482 | &nbsp;&nbsp;&nbsp;Series 2022-1, Class A1, 2.284%, 12/27/2066<sup>3,6,7</sup> | 3957187 |
| 1250000 | Creeksource Dunes Creek CLO Ltd.<br> Series 2024-1A, Class D, 7.418% (3-Month Term SOFR+310 basis points), 1/15/2038<sup>3,4,6</sup> | 1264040 |
| 800000 | Crestline Denali CLO Ltd.<br> Series 2017-1A, Class D, 8.317% (3-Month Term SOFR+399.16 basis points), 4/20/2030<sup>3,4,6</sup> | 803141 |
| 1750000 | CVC Cordatus Loan Fund XXXVI DAC<br> Series 36X, Class B, 4.063% (3-Month Euribor+200 basis points), 10/20/2038<sup>3,4,8</sup> | 2064338 |
| 2250000 | Dartry Park CLO DAC<br> Series 1X, Class CRR, 5.298% (3-Month Euribor+335 basis points), 1/28/2034<sup>3,4</sup> | 2654358 |
| 1009035 | Dell Equipment Finance Trust<br> Series 2023-1, Class A3, 5.650%, 9/22/2028<sup>3,6</sup> | 1010577 |
| 518990 | Dewolf Park CLO Ltd.<br> Series 2017-1A, Class AR, 5.499% (3-Month Term SOFR+118.16 basis points), 10/15/2030<sup>3,4,6</sup> | 519253 |
| 1420000 | Discover Card Execution Note Trust<br> Series 2022-A4, Class A, 5.030%, 10/15/2027<sup>3</sup> | 1420444 |
| 4295000 | &nbsp;&nbsp;&nbsp;Series 2023-A1, Class A, 4.310%, 3/15/2028<sup>3</sup> | 4300218 |
| 3850000 | &nbsp;&nbsp;&nbsp;Series 2021-A2, Class A2, 1.030%, 9/15/2028<sup>3</sup> | 3747752 |
| 3668734 | DLLAA<br> Series 2023-1A, Class A3, 5.640%, 2/22/2028<sup>3,6</sup> | 3716376 |
| 2500000 | Dryden 124 Euro CLO 2024 DAC<br> Series 2024-124X, Class B2, 5.100%, 12/20/2037<sup>3</sup> | 2949077 |
| 2000000 | Dryden CLO Ltd.<br> Series 2019-80A, Class BRR, 5.705% (3-Month Term SOFR+150 basis points), 1/17/2033<sup>3,4,6</sup> | 2000036 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2020-86A, Class DR, 7.784% (3-Month Term SOFR+346.16 basis points), 7/17/2034<sup>3,4,6</sup> | 1003000 |
| 2000000 | Dryden Leveraged CLO<br> 5.150%, 1/19/2038 | 2381826 |
| 1500000 | Dryden Senior Loan Fund<br> Series 2017-49A, Class DR, 7.991% (3-Month Term SOFR+366.16 basis points), 7/18/2030<sup>3,4,6</sup> | 1503514 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2015-41A, Class DR, 7.179% (3-Month Term SOFR+286.16 basis points), 4/15/2031<sup>3,4,6</sup> | 1005127 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 1500000 | Eaton Vance CLO Ltd.<br> Series 2015-1A, Class DR, 7.087% (3-Month Term SOFR+276.16 basis points), 1/20/2030<sup>3,4,6</sup> | $1506019 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2020-2A, Class ER2, 10.818% (3-Month Term SOFR+650 basis points), 10/15/2037<sup>3,4,6</sup> | 1012498 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2013-1A, Class D1R4, 7.283% (3-Month Term SOFR+300 basis points), 10/15/2038<sup>3,4,6</sup> | 1011425 |
| 938366 | Elevation CLO Ltd.<br> Series 2018-10A, Class AR, 5.245% (3-Month Term SOFR+92 basis points), 10/20/2031<sup>3,4,6</sup> | 939454 |
| 3750010 | Ellington Financial Mortgage Trust<br> Series 2021-2, Class A1, 0.931%, 6/25/2066<sup>3,6,7</sup> | 3160985 |
| 3805797 | &nbsp;&nbsp;&nbsp;Series 2021-3, Class A1, 1.241%, 9/25/2066<sup>3,6,7</sup> | 3197669 |
| 5000000 | Elmwood CLO Ltd.<br> Series 2020-3A, Class ARR, 5.709% (3-Month Term SOFR+138 basis points), 7/18/2037<sup>3,4,6</sup> | 5017464 |
| 1750000 | &nbsp;&nbsp;&nbsp;Series 2019-3A, Class A1RR, 5.709% (3-Month Term SOFR+138 basis points), 7/18/2037<sup>3,4,6</sup> | 1754842 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2021-3A, Class AR2, 5.558% (3-Month Term SOFR+130 basis points), 7/20/2038<sup>3,4,6</sup> | 1005196 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2021-3A, Class DR2, 7.308% (3-Month Term SOFR+305 basis points), 7/20/2038<sup>3,4,6</sup> | 1517541 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2022-6A, Class D1R2, 0.000% (3-Month Term SOFR+270 basis points), 10/17/2038<sup>3,4,6</sup> | 1500000 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2022-1A, Class A1R, 5.579% (3-Month Term SOFR+130 basis points), 10/20/2038<sup>3,4,6</sup> | 2010715 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2022-1A, Class BR, 5.979% (3-Month Term SOFR+170 basis points), 10/20/2038<sup>3,4,6</sup> | 2010294 |
| 2000000 | Empower CLO Ltd.<br> Series 2022-1A, Class A1R, 5.715% (3-Month Term SOFR+139 basis points), 10/20/2037<sup>3,4,6</sup> | 2005676 |
| 3750000 | &nbsp;&nbsp;&nbsp;Series 2025-1A, Class A, 5.637% (3-Month Term SOFR+131 basis points), 7/20/2038<sup>3,4,6</sup> | 3769331 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2025-1A, Class D1, 7.277% (3-Month Term SOFR+295 basis points), 7/20/2038<sup>3,4,6</sup> | 1008565 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2023-2A, Class AR, 5.610% (3-Month Term SOFR+132 basis points), 10/15/2038<sup>3,4,6</sup> | 2010722 |
| 1000000 | Flatiron CLO Ltd.<br> Series 2020-1A, Class ER, 10.654% (3-Month Term SOFR+645 basis points), 5/20/2036<sup>3,4,6</sup> | 1000000 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2023-2A, Class E, 12.148% (3-Month Term SOFR+783 basis points), 1/15/2037<sup>3,4,6</sup> | 1023080 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2020-1A, Class ER2, 0.000% (3-Month Term SOFR+525 basis points), 11/20/2038<sup>3,4,6</sup> | $1500000 |
| 786177 | Ford Credit Auto Owner Trust<br> Series 2024-D, Class A2A, 4.590%, 10/15/2027<sup>3</sup> | 787853 |
| 4755000 | Ford Credit Floorplan Master Owner Trust A<br> Series 2023-1, Class A1, 4.920%, 5/15/2028<sup>3,6</sup> | 4778651 |
| 1000000 | Galaxy CLO Ltd.<br> Series 2023-32A, Class E, 11.655% (3-Month Term SOFR+733 basis points), 10/20/2036<sup>3,4,6</sup> | 1010613 |
| 1347920 | GM Financial Automobile Leasing Trust<br> Series 2024-3, Class A2A, 4.290%, 1/20/2027<sup>3</sup> | 1348416 |
| 5282891 | &nbsp;&nbsp;&nbsp;Series 2024-1, Class A3, 5.090%, 3/22/2027<sup>3</sup> | 5300478 |
| 1185000 | &nbsp;&nbsp;&nbsp;Series 2025-2, Class A2A, 4.550%, 7/20/2027<sup>3</sup> | 1189690 |
| 1340000 | &nbsp;&nbsp;&nbsp;Series 2025-3, Class A2A, 4.190%, 10/20/2027<sup>3</sup> | 1344119 |
| 2175000 | &nbsp;&nbsp;&nbsp;Series 2025-3, Class A3, 4.170%, 8/21/2028<sup>3</sup> | 2184311 |
| 764119 | GM Financial Consumer Automobile Receivables Trust<br> Series 2025-2, Class A2A, 4.400%, 2/16/2028<sup>3</sup> | 765432 |
| 1750000 | &nbsp;&nbsp;&nbsp;Series 2025-3, Class A2A, 4.320%, 6/16/2028<sup>3</sup> | 1756423 |
| 2990393 | &nbsp;&nbsp;&nbsp;Series 2023-3, Class A3, 5.450%, 6/16/2028<sup>3</sup> | 3015291 |
| 1000000 | GoldenTree Loan Management EUR CLO DAC<br> Series 5X, Class E, 7.274% (3-Month Euribor+525 basis points), 4/20/2034<sup>3,4</sup> | 1167391 |
| 500000 | GoldenTree Loan Management U.S. CLO Ltd.<br> Series 2020-7A, Class FR, 12.337% (3-Month Term SOFR+801.16 basis points), 4/20/2034<sup>3,4,6</sup> | 495531 |
| 2000000 | Golub Capital Partners CLO Ltd.<br> Series 2024-74A, Class A, 5.818% (3-Month Term SOFR+150 basis points), 7/25/2037<sup>3,4,6</sup> | 2009251 |
| 3100000 | Golub Capital Partners Ltd.<br> Series 2024-1A, Class AR, 5.446% (3-Month Term SOFR+112 basis points), 7/20/2035<sup>3,4,6</sup> | 3102220 |
| 5000000 | Harley-Davidson Motorcycle Trust<br> Series 2024-A, Class A3, 5.370%, 3/15/2029<sup>3</sup> | 5055755 |
| 1000000 | Harvest CLO DAC<br> Series 16A, Class B1RR, 3.326% (3-Month Euribor+130 basis points), 10/15/2031<sup>3,4,6</sup> | 1174302 |
| 1000000 | Highbridge Loan Management Ltd.<br> Series 5A-2015, Class DR3, 7.318% (3-Month Term SOFR+300 basis points), 10/15/2030<sup>3,4,6</sup> | 997651 |
| 4500000 | Honda Auto Receivables Owner Trust<br> Series 2024-2, Class A3, 5.270%, 11/20/2028<sup>3</sup> | 4562212 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 4500000 | &nbsp;&nbsp;&nbsp;Series 2023-3, Class A4, 5.300%, 12/18/2029<sup>3</sup> | $4569196 |
| 1605000 | Honda Auto Receivables Trust<br> Series 2025-2, Class A2A, 4.300%, 1/18/2028<sup>3</sup> | 1607804 |
| 3502832 | &nbsp;&nbsp;&nbsp;Series 2023-3, Class A3, 5.410%, 2/18/2028<sup>3</sup> | 3529390 |
| 2250000 | HPS Loan Management Ltd.<br> Series 15A-19, Class ER, 11.132% (3-Month Term SOFR+680 basis points), 1/22/2035<sup>3,4,6</sup> | 2261871 |
| 4500000 | Hyundai Auto Lease Securitization Trust<br> Series 2024-B, Class A3, 5.410%, 5/17/2027<sup>3,6</sup> | 4532800 |
| 1660000 | &nbsp;&nbsp;&nbsp;Series 2025-B, Class A2A, 4.580%, 9/15/2027<sup>3,6</sup> | 1667848 |
| 3205000 | &nbsp;&nbsp;&nbsp;Series 2025-C, Class A2A, 4.370%, 1/18/2028<sup>3,6</sup> | 3221089 |
| 4500000 | Hyundai Auto Receivables Trust<br> Series 2025-A, Class A2A, 4.330%, 12/15/2027<sup>3</sup> | 4506241 |
| 1205000 | &nbsp;&nbsp;&nbsp;Series 2025-B, Class A2A, 4.450%, 8/15/2028<sup>3</sup> | 1210083 |
| 4192546 | &nbsp;&nbsp;&nbsp;Series 2023-C, Class A3, 5.540%, 10/16/2028<sup>3</sup> | 4237930 |
| 490171 | John Deere Owner Trust<br> Series 2022-C, Class A3, 5.090%, 6/15/2027<sup>3</sup> | 491847 |
| 1335000 | &nbsp;&nbsp;&nbsp;Series 2025-A, Class A2A, 4.230%, 3/15/2028<sup>3</sup> | 1337707 |
| 1815000 | &nbsp;&nbsp;&nbsp;Series 2025-B, Class A2A, 4.280%, 7/17/2028<sup>3</sup> | 1823614 |
| 1500000 | KKR CLO 18 Ltd.<br> Series 18, Class A1R2, 5.191% (3-Month Term SOFR+105 basis points), 10/18/2035<sup>3,4,6</sup> | 1501029 |
| 3521759 | Kubota Credit Owner Trust<br> Series 2023-2A, Class A3, 5.280%, 1/18/2028<sup>3,6</sup> | 3552528 |
| 1660000 | &nbsp;&nbsp;&nbsp;Series 2025-2A, Class A2, 4.480%, 4/17/2028<sup>3,6</sup> | 1670065 |
| 1762784 | Madison Park Funding Ltd.<br> Series 2019-35A, Class A1R, 5.577% (3-Month Term SOFR+125.16 basis points), 4/20/2032<sup>3,4,6</sup> | 1766300 |
| 1000000 | Magnetite Ltd.<br> Series 2020-25A, Class E, 10.930% (3-Month Term SOFR+661.16 basis points), 1/25/2032<sup>3,4,6</sup> | 1006793 |
| 1500000 | Menlo CLO Ltd.<br> Series 2024-1A, Class D1, 7.575% (3-Month Term SOFR+325 basis points), 1/20/2038<sup>3,4,6</sup> | 1530057 |
| 3500000 | &nbsp;&nbsp;&nbsp;Series 2025-3A, Class A, 0.000% (3-Month Term SOFR+130 basis points), 10/16/2038<sup>3,4,6</sup> | 3500000 |
| 1232876 | Mercedes-Benz Auto Lease Trust<br> Series 2023-A, Class A3, 4.740%, 1/15/2027<sup>3</sup> | 1233568 |
| 1750000 | &nbsp;&nbsp;&nbsp;Series 2024-A, Class A3, 5.320%, 1/18/2028<sup>3</sup> | 1772766 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 565142 | Milos CLO Ltd.<br> Series 2017-1A, Class AR, 5.657% (3-Month Term SOFR+133.16 basis points), 10/20/2030<sup>3,4,6</sup> | $565459 |
| 2500000 | Morgan Stanley Eaton Vance CLO Ltd.<br> Series 2022-16A, Class E, 11.168% (3-Month Term SOFR+685 basis points), 4/15/2035<sup>3,4,6</sup> | 2524590 |
| 1500000 | Mountain View CLO Ltd.<br> Series 2019-1A, Class DR, 8.519% (3-Month Term SOFR+420.16 basis points), 10/15/2034<sup>3,4,6</sup> | 1504094 |
| 1000000 | Neuberger Berman CLO Ltd.<br> Series 2016-22A, Class ER2, 11.152% (3-Month Term SOFR+683 basis points), 4/15/2038<sup>3,4,6</sup> | 1024181 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2017-16SA, Class A1R2, 5.498% (3-Month Term SOFR+118 basis points), 4/15/2039<sup>3,4,6</sup> | 5010013 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2017-16SA, Class D1R2, 7.018% (3-Month Term SOFR+270 basis points), 4/15/2039<sup>3,4,6</sup> | 1008187 |
| 1000000 | Neuberger Berman Loan Advisers CLO Ltd.<br> Series 2018-28A, Class D1R, 7.525% (3-Month Term SOFR+320 basis points), 10/20/2038<sup>3,4,6</sup> | 1003690 |
| 1000000 | Neuberger Berman Loan Advisers Euro CLO<br> Series 2021-1X, Class D, 5.042% (3-Month Euribor+300 basis points), 4/17/2034<sup>3,4</sup> | 1175201 |
| 1750000 | New Mountain CLO Ltd.<br> Series CLO-6A, Class D1, 7.418% (3-Month Term SOFR+310 basis points), 10/15/2037<sup>3,4,6</sup> | 1756462 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series CLO-4A, Class BR, 6.375% (3-Month Term SOFR+205 basis points), 3/20/2038<sup>3,4,6</sup> | 1007906 |
| 3802318 | Nissan Auto Lease Trust<br> Series 2024-B, Class A2A, 5.050%, 6/15/2027<sup>3</sup> | 3819779 |
| 659094 | Nissan Auto Receivables Owner Trust<br> Series 2021-A, Class A4, 0.570%, 9/15/2027<sup>3</sup> | 658063 |
| 4400000 | &nbsp;&nbsp;&nbsp;Series 2024-A, Class A3, 5.280%, 12/15/2028<sup>3</sup> | 4452611 |
| 2000000 | Oaktree CLO Ltd.<br> Series 2019-3A, Class A1R2, 5.705% (3-Month Term SOFR+138 basis points), 1/20/2038<sup>3,4,6</sup> | 2009842 |
| 1038987 | OBX Trust<br> Series 2020-INV1, Class A11, 5.172% (1-Month Term SOFR+101.45 basis points), 12/25/2049<sup>3,4,6</sup> | 987081 |
| 99656 | OCP CLO Ltd.<br> Series 2014-5A, Class A1R, 5.655% (3-Month Term SOFR+134.16 basis points), 4/26/2031<sup>3,4,6</sup> | 99716 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2023-30A, Class E, 11.409% (3-Month Term SOFR+709 basis points), 1/24/2037<sup>3,4,6</sup> | $1542386 |
| 4500000 | &nbsp;&nbsp;&nbsp;Series 2024-31A, Class A1, 5.955% (3-Month Term SOFR+163 basis points), 4/20/2037<sup>3,4,6</sup> | 4522015 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2024-32A, Class D2, 9.050%, 4/23/2037<sup>3,6</sup> | 1527933 |
| 895000 | &nbsp;&nbsp;&nbsp;Series 2024-32A, Class E, 11.079% (3-Month Term SOFR+676 basis points), 4/23/2037<sup>3,4,6</sup> | 908965 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2017-14A, Class A1R, 5.695% (3-Month Term SOFR+137 basis points), 7/20/2037<sup>3,4,6</sup> | 3008178 |
| 4000000 | &nbsp;&nbsp;&nbsp;Series 2022-25A, Class A1R, 5.745% (3-Month Term SOFR+142 basis points), 7/20/2037<sup>3,4,6</sup> | 4012947 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2019-17A, Class BR2, 6.075% (3-Month Term SOFR+175 basis points), 7/20/2037<sup>3,4,6</sup> | 1505994 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2020-18A, Class ER2, 10.575% (3-Month Term SOFR+625 basis points), 7/20/2037<sup>3,4,6</sup> | 1018874 |
| 3500000 | &nbsp;&nbsp;&nbsp;Series 2017-13A, Class AR2, 5.665% (3-Month Term SOFR+134 basis points), 11/26/2037<sup>3,4,6</sup> | 3510126 |
| 1500000 | OCP Euro DAC<br> Series 2025-12A, Class B2, 4.700%, 1/20/2038<sup>3,6</sup> | 1749753 |
| 750000 | Octagon Investment Partners Ltd.<br> Series 2014-1A, Class DRR, 7.344% (3-Month Term SOFR+301.16 basis points), 1/22/2030<sup>3,4,6</sup> | 753023 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2019-1A, Class AR2, 5.474% (3-Month Term SOFR+115 basis points), 10/15/2034<sup>3,4,6</sup> | 3005868 |
| 1000000 | OHA Credit Funding Ltd.<br> Series 2022-11A, Class B1R, 5.925% (3-Month Term SOFR+160 basis points), 7/19/2037<sup>3,4,6</sup> | 1003221 |
| 2000000 | OZLM Ltd.<br> Series 2014-6A, Class CT, 7.222% (3-Month Term SOFR+290 basis points), 4/17/2031<sup>3,4,6</sup> | 2006970 |
| 1500000 | Penta CLO DAC<br> Series 2017-3X, Class CRR, 4.042% (3-Month Euribor+200 basis points), 10/17/2038<sup>3,4</sup> | 1770053 |
| 3500000 | Porsche Financial Auto Securitization Trust 2024-1<br> Series 2024-1A, Class A3, 4.440%, 1/22/2030<sup>3,6</sup> | 3520248 |
| 1080000 | Porsche Innovative Lease Owner Trust<br> Series 2025-1A, Class A2A, 4.600%, 12/20/2027<sup>3,6</sup> | 1083623 |
| 1250000 | Post CLO Ltd.<br> Series 2021-1A, Class DR, 7.318% (3-Month Term SOFR+300 basis points), 10/15/2034<sup>3,4,6</sup> | 1248551 |
| 4500000 | &nbsp;&nbsp;&nbsp;Series 2022-1A, Class A, 5.705% (3-Month Term SOFR+138 basis points), 4/20/2035<sup>3,4,6</sup> | 4517429 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 4000000 | &nbsp;&nbsp;&nbsp;Series 2023-1A, Class A, 6.275% (3-Month Term SOFR+195 basis points), 4/20/2036<sup>3,4,6</sup> | $4010432 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2023-1A, Class D, 9.575% (3-Month Term SOFR+525 basis points), 4/20/2036<sup>3,4,6</sup> | 2007233 |
| 5000000 | &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A1, 5.925% (3-Month Term SOFR+160 basis points), 4/20/2037<sup>3,4,6</sup> | 5024553 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2018-1A, Class D1R, 7.718% (3-Month Term SOFR+340 basis points), 10/16/2037<sup>3,4,6</sup> | 1008060 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2024-2A, Class E, 10.825% (3-Month Term SOFR+650 basis points), 1/20/2038<sup>3,4,6</sup> | 1020599 |
| 1000000 | Recette CLO Ltd.<br> Series 2015-1A, Class FRR, 13.057% (3-Month Term SOFR+873.16 basis points), 4/20/2034<sup>3,4,6</sup> | 915047 |
| 1000000 | Regatta Funding Ltd.<br> Series 2019-2A, Class ER, 11.418% (3-Month Term SOFR+710 basis points), 1/15/2033<sup>3,4,6</sup> | 1007747 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2016-1A, Class A1R3, 0.000% (3-Month Term SOFR+107 basis points), 6/20/2034<sup>3,4,6</sup> | 3000000 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2016-1A, Class A1R2, 5.415% (3-Month Term SOFR+141.16 basis points), 6/20/2034<sup>3,4,6</sup> | 2000000 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2016-1A, Class ER2, 10.665% (3-Month Term SOFR+666.16 basis points), 6/20/2034<sup>3,4,6</sup> | 2000000 |
| 1186652 | Romark WM-R Ltd.<br> Series 2018-1A, Class A1, 5.617% (3-Month Term SOFR+129.16 basis points), 4/20/2031<sup>3,4,6</sup> | 1187792 |
| 4098343 | SFS Auto Receivables Securitization Trust<br> Series 2023-1A, Class A3, 5.470%, 10/20/2028<sup>3,6</sup> | 4128536 |
| 2250000 | Shackleton CLO Ltd.<br> Series 2013-4RA, Class C, 7.452% (3-Month Term SOFR+313.16 basis points), 4/13/2031<sup>3,4,6</sup> | 2260157 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2019-14A, Class ERR, 10.225% (3-Month Term SOFR+590 basis points), 7/20/2034<sup>3,4,6</sup> | 1003537 |
| 2000000 | Signal Peak CLO 4 Ltd.<br> Series 2017-4A, Class AR2, 5.278% (3-Month Term SOFR+112 basis points), 10/26/2034<sup>3,4,6</sup> | 2000000 |
| 2000000 | Silver Point CLO Ltd.<br> Series 2025-9A, Class A1, 5.808% (3-Month Term SOFR+152 basis points), 3/31/2038<sup>3,4,6</sup> | 2012289 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2025-12A, Class A1, 5.312% (3-Month Term SOFR+131 basis points), 10/15/2038<sup>3,4,6,8</sup> | 2000000 |
| 1000000 | Sixth Street CLO Ltd.<br> Series 2023-22A, Class D1R, 6.975% (3-Month Term SOFR+265 basis points), 4/21/2038<sup>3,4,6</sup> | 1005473 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 1500000 | Sound Point CLO Ltd.<br> Series 2019-3A, Class DR, 8.080% (3-Month Term SOFR+376.16 basis points), 10/25/2034<sup>3,4,6</sup> | $1436243 |
| 2500000 | Symphony CLO Ltd.<br> Series 2021-25A, Class A, 5.567% (3-Month Term SOFR+124.16 basis points), 4/19/2034<sup>3,4,6</sup> | 2503688 |
| 1827927 | TCI-Symphony CLO Ltd.<br> Series 2016-1A, Class AR2, 5.602% (3-Month Term SOFR+128.16 basis points), 10/13/2032<sup>3,4,6</sup> | 1830594 |
| 1750000 | Tesla Auto Lease Trust<br> Series 2024-A, Class A4, 5.310%, 12/20/2027<sup>3,6</sup> | 1766426 |
| 1000000 | THL Credit Wind River CLO Ltd.<br> Series 2013-2A, Class DR, 7.541% (3-Month Term SOFR+321.16 basis points), 10/18/2030<sup>3,4,6</sup> | 1000000 |
| 3310000 | T-Mobile U.S. Trust<br> Series 2024-1A, Class A, 5.050%, 9/20/2029<sup>3,6</sup> | 3341064 |
| 4471280 | Toyota Auto Receivables Owner Trust<br> Series 2025-A, Class A2A, 4.480%, 11/15/2027<sup>3</sup> | 4477961 |
| 1660000 | &nbsp;&nbsp;&nbsp;Series 2025-B, Class A2A, 4.460%, 3/15/2028<sup>3</sup> | 1664464 |
| 3258343 | Toyota Lease Owner Trust<br> Series 2024-A, Class A3, 5.250%, 4/20/2027<sup>3,6</sup> | 3274420 |
| 4016120 | &nbsp;&nbsp;&nbsp;Series 2025-A, Class A2A, 4.580%, 7/20/2027<sup>3,6</sup> | 4031205 |
| 4295000 | &nbsp;&nbsp;&nbsp;Series 2024-B, Class A3, 4.210%, 9/20/2027<sup>3,6</sup> | 4306970 |
| 4000000 | TRESTLES CLO Ltd.<br> Series 2017-1A, Class A1RR, 5.778% (3-Month Term SOFR+146 basis points), 7/25/2037<sup>3,4,6</sup> | 4012900 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2018-2A, Class A1R, 5.888% (3-Month Term SOFR+157 basis points), 7/25/2037<sup>3,4,6</sup> | 3015174 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2023-6A, Class A1R, 5.498% (3-Month Term SOFR+118 basis points), 4/25/2038<sup>3,4,6</sup> | 2005494 |
| 3000000 | Trinitas CLO Ltd.<br> Series 2024-29A, Class A1, 5.809% (3-Month Term SOFR+149 basis points), 7/23/2037<sup>3,4,6</sup> | 3010985 |
| 1250000 | &nbsp;&nbsp;&nbsp;Series 2022-21A, Class C1R, 6.275% (3-Month Term SOFR+195 basis points), 4/20/2038<sup>3,4,6</sup> | 1270307 |
| 3000000 | U.S. Bank C&I Credit-Linked Notes<br> Series 2025-SUP2, Class B1, 4.818%, 9/25/2032<sup>3,6</sup> | 3000000 |
| 4500000 | &nbsp;&nbsp;&nbsp;Series 2025-SUP2, Class C, 6.286% (30-Day SOFR Average+190 basis points), 9/25/2032<sup>3,4,6</sup> | 4500000 |
| 1090000 | USB Auto Owner Trust<br> Series 2025-1A, Class A2, 4.510%, 6/15/2028<sup>3,6</sup> | 1093981 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 1520465 | Venture CLO Ltd.<br> Series 2019-38A, Class ARR, 5.310% (3-Month Term SOFR+100 basis points), 7/30/2032<sup>3,4,6</sup> | $1516964 |
| 1250000 | Verdelite Static CLO Ltd.<br> Series 2024-1A, Class D, 7.175% (3-Month Term SOFR+285 basis points), 7/20/2032<sup>3,4,6</sup> | 1253435 |
| 4941000 | Verizon Master Trust<br> Series 2024-1, Class A1A, 5.000%, 12/20/2028<sup>3</sup> | 4950304 |
| 1301427 | Verus Securitization Trust<br> Series 2021-5, Class A1, 1.013%, 9/25/2066<sup>3,6,7</sup> | 1135747 |
| 2525000 | Volkswagen Auto Lease Trust<br> Series 2025-A, Class A2A, 4.430%, 12/20/2027<sup>3</sup> | 2538436 |
| 5330000 | &nbsp;&nbsp;&nbsp;Series 2025-A, Class A4, 4.560%, 3/20/2030<sup>3</sup> | 5396598 |
| 2202910 | Volkswagen Auto Loan Enhanced Trust<br> Series 2024-1, Class A2A, 4.650%, 11/22/2027<sup>3</sup> | 2208510 |
| 1790000 | Volvo Financial Equipment LLC Series 2025-2<br> Series 2025-2A, Class A2, 3.960%, 6/15/2028<sup>3,6</sup> | 1789978 |
| 1250000 | Voya CLO Ltd.<br> Series 2017-1A, Class C, 7.914% (3-Month Term SOFR+359.16 basis points), 4/17/2030<sup>3,4,6</sup> | 1256264 |
| 107098 | &nbsp;&nbsp;&nbsp;Series 2017-2A, Class A1R, 5.559% (3-Month Term SOFR+124.16 basis points), 6/7/2030<sup>3,4,6</sup> | 107125 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2013-1A, Class CR, 7.529% (3-Month Term SOFR+321.16 basis points), 10/15/2030<sup>3,4,6</sup> | 1002774 |
| 2000000 | &nbsp;&nbsp;&nbsp;Series 2013-2A, Class CR, 7.330% (3-Month Term SOFR+301.16 basis points), 4/25/2031<sup>3,4,6</sup> | 2009773 |
| 2060000 | &nbsp;&nbsp;&nbsp;Series 2015-3A, Class A1R4, 5.285% (3-Month Term SOFR+96 basis points), 10/20/2031<sup>3,4,6</sup> | 2062223 |
| 1250000 | &nbsp;&nbsp;&nbsp;Series 2022-3A, Class ER, 12.325% (3-Month Term SOFR+800 basis points), 10/20/2036<sup>3,4,6</sup> | 1264042 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series 2020-3A, Class ARR, 5.575% (3-Month Term SOFR+125 basis points), 1/20/2038<sup>3,4,6</sup> | 1505173 |
| 3000000 | &nbsp;&nbsp;&nbsp;Series 2021-3A, Class A1R, 5.506% (3-Month Term SOFR+125 basis points), 4/15/2038<sup>3,4,6</sup> | 3007950 |
| 2000000 | Voya Euro CLO DAC<br> Series 1A, Class B2R, 5.150%, 10/15/2037<sup>3,6</sup> | 2372419 |
| 1875000 | &nbsp;&nbsp;&nbsp;Series 9X, Class B1, 3.872% (3-Month Euribor+195 basis points), 10/15/2038<sup>3,4,8</sup> | 2204309 |
| 1000000 | Whitebox CLO Ltd.<br> Series 2023-4A, Class D1R, 8.225% (3-Month Term SOFR+390 basis points), 4/20/2036<sup>3,4,6</sup> | 1002814 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2020-2A, Class A1R2, 5.699% (3-Month Term SOFR+138 basis points), 10/24/2037<sup>3,4,6</sup> | $1002843 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2025-5A, Class B, 5.954% (3-Month Term SOFR+170 basis points), 7/20/2038<sup>3,4,6</sup> | 1006211 |
| 4908000 | World Omni Auto Receivables Trust<br> Series 2024-A, Class A3, 4.860%, 3/15/2029<sup>3</sup> | 4939082 |
| 2745000 | &nbsp;&nbsp;&nbsp;Series 2025-C, Class A3, 4.080%, 11/15/2030<sup>3</sup> | 2755500 |
| 3820000 | World Omni Automobile Lease Securitization Trust 2024-A<br> Series 2024-A, Class A3, 5.260%, 10/15/2027<sup>3</sup> | 3858647 |
|  | **TOTAL ASSET-BACKED SECURITIES** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $505,769,723) | **508345946** |
|  | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 1.7%** |  |
| 2504262 | BBCMS Mortgage Trust<br> Series 2019-BWAY, Class A, 5.220% (1-Month Term SOFR+107.05 basis points), 11/15/2034<sup>4,6</sup> | 1590206 |
| 2000000 | Series 2019-BWAY, Class D, 6.424% (1-Month Term SOFR+227.45 basis points), 11/15/2034<sup>4,6</sup> | 31500 |
| 1000000 | BPR Trust<br> Series 2021-WILL, Class B, 7.265% (1-Month Term SOFR+311.45 basis points), 6/15/2038<sup>4,6</sup> | 995764 |
| 2000000 | BX Trust<br> Series 2022-CLS, Class A, 5.760%, 10/13/2027<sup>6</sup> | 2016312 |
| 1000000 | Elmwood CLO Ltd.<br> Series 2021-2A, Class D1R, 6.975% (3-Month Term SOFR+265 basis points), 4/20/2038<sup>3,4,6</sup> | 1005475 |
| 575653 | Fannie Mae Grantor Trust<br> Series 2004-T5, Class AB4, 4.878%, 5/28/2035<sup>3,7</sup> | 566172 |
| 2845408 | Flagstar Mortgage Trust 2021-2<br> Series 2021-2, Class A6, 2.500%, 4/25/2051<sup>3,6,7</sup> | 2555282 |
| 2971908 | GS Mortgage Securities Corp Trust<br> Series 2012-BWTR, Class A, 2.954%, 11/5/2034<sup>3,6</sup> | 2577809 |
| 14790 | Mellon Residential Funding<br> Series 1999-TBC3, Class A2, 5.137%, 10/20/2029<sup>3,7</sup> | 14480 |
| 2880000 | NYO Commercial Mortgage Trust<br> Series 2021-1290, Class A, 5.360% (1-Month Term SOFR+120.95 basis points), 11/15/2038<sup>4,6</sup> | 2872449 |
| 2000000 | Regatta Funding Ltd.<br> Series 2016-1A, Class ER3, 0.000% (3-Month Term SOFR+640 basis points), 6/20/2034<sup>3,4,6</sup> | 2000000 |
| 2821889 | Sequoia Mortgage Trust 2021-4<br> Series 2021-4, Class A4, 2.500%, 6/25/2051<sup>3,6,7</sup> | 2509159 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **COMMERCIAL MORTGAGE-BACKED SECURITIES (Continued)** |  |
| 1575000 | Worldwide Plaza Trust<br> Series 2017-WWP, Class F, 3.715%, 11/10/2036<sup>6,7</sup> | $70136 |
|  | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $23,208,401) | **18804744** |
|  | **CORPORATE — 26.1%** |  |
|  | **BASIC MATERIALS — 0.8%** |  |
| 1645000 | H.B. Fuller Co.<br> 4.250%, 10/15/2028<sup>3</sup> | 1610044 |
| 960000 | Novelis Corp.<br> 3.875%, 8/15/2031<sup>3,6</sup> | 876017 |
| 1700000 | SCIL USA Holdings LLC<br> 5.375%, 11/1/2026<sup>3,6</sup> | 1697875 |
| 4775000 | Sherwin-Williams Co.<br> 3.450%, 6/1/2027<sup>3</sup> | 4731729 |
|  |  | **8915665** |
|  | **COMMUNICATIONS — 2.7%** |  |
| 1551000 | AppLovin Corp.<br> 5.125%, 12/1/2029<sup>3</sup> | 1587072 |
| 4125000 | AT&T, Inc.<br> 1.650%, 2/1/2028<sup>3</sup> | 3905608 |
| 1175000 | CCO Holdings LLC / CCO Holdings Capital Corp.<br> 5.125%, 5/1/2027<sup>3,6</sup> | 1169125 |
| 4150000 | Comcast Corp.<br> 5.350%, 11/15/2027<sup>3</sup> | 4265851 |
| 1664000 | Match Group Holdings, LLC.<br> 4.625%, 6/1/2028<sup>3,6</sup> | 1641120 |
| 625000 | Match Group Holdings, LLC<br> 5.000%, 12/15/2027<sup>3,6</sup> | 623747 |
| 750000 | Matterhorn Telecom S.A.<br> 4.500%, 1/30/2030<sup>3</sup> | 905773 |
| 1525000 | &nbsp;&nbsp;&nbsp;3.875%, 10/15/2030<sup>3</sup> | 1786620 |
| 4250000 | Netflix, Inc.<br> 4.875%, 4/15/2028 | 4344078 |
| 4200000 | T-Mobile USA, Inc.<br> 4.750%, 2/1/2028<sup>3</sup> | 4206518 |
| 2025000 | Verizon Communications, Inc.<br> 4.125%, 3/16/2027 | 2027477 |
| 2860000 | &nbsp;&nbsp;&nbsp;4.329%, 9/21/2028 | 2880970 |
|  |  | **29343959** |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | &nbsp;&nbsp;**BONDS (Continued)** |  |
|  | &nbsp;&nbsp;**CORPORATE (Continued)** |  |
|  | &nbsp;&nbsp;**CONSUMER, CYCLICAL — 4.2%** |  |
| 900000 | 1011778 BC ULC / New Red Finance, Inc.<br> 3.875%, 1/15/2028<sup>3,5,6</sup> | $879691 |
| 1275000 | &nbsp;&nbsp;&nbsp;4.375%, 1/15/2028<sup>3,5,6</sup> | 1254614 |
| 2303000 | 7-Eleven, Inc.<br> 0.950%, 2/10/2026<sup>3,6</sup> | 2274125 |
| 2300000 | &nbsp;&nbsp;&nbsp;1.300%, 2/10/2028<sup>3,6</sup> | 2151025 |
| 2465000 | Air Canada<br> 3.875%, 8/15/2026<sup>3,5,6</sup> | 2444772 |
| 2965000 | American Builders & Contractors Supply Co., Inc.<br> 4.000%, 1/15/2028<sup>3,6</sup> | 2908125 |
| 4275000 | American Honda Finance Corp.<br> 4.840% (SOFR+71 basis points), 1/9/2026<sup>4</sup> | 4279933 |
| 1000000 | &nbsp;&nbsp;&nbsp;4.680% (SOFR+55 basis points), 5/21/2026<sup>4</sup> | 1001336 |
| 1125000 | BMW U.S. Capital LLC<br> 3.625%, 4/18/2029<sup>3,6</sup> | 1101314 |
| 1100000 | Boyd Gaming Corp.<br> 4.750%, 12/1/2027<sup>3</sup> | 1095749 |
| 1875000 | Ford Motor Credit Co. LLC<br> 2.900%, 2/10/2029<sup>3</sup> | 1737675 |
| 1950000 | General Motors Co.<br> 6.800%, 10/1/2027<sup>3</sup> | 2034827 |
| 2019000 | General Motors Financial Co., Inc.<br> 5.170% (SOFR+104 basis points), 2/26/2027<sup>4</sup> | 2020268 |
| 2446000 | Hyundai Capital America<br> 2.750%, 9/27/2026<sup>6</sup> | 2410949 |
| 1325000 | International Game Technology PLC<br> 5.250%, 1/15/2029<sup>3,5,6</sup> | 1323344 |
| 4605000 | Lowe's Cos., Inc.<br> 3.100%, 5/3/2027<sup>3</sup> | 4539761 |
| 1575000 | Starbucks Corp.<br> 4.850%, 2/8/2027<sup>3</sup> | 1591112 |
| 1450000 | Toyota Motor Credit Corp.<br> 4.798% (SOFR Index+45 basis points), 4/10/2026<sup>4</sup> | 1451628 |
| 930000 | &nbsp;&nbsp;&nbsp;5.223% (SOFR Index+89 basis points), 5/18/2026<sup>4</sup> | 933717 |
| 1650000 | &nbsp;&nbsp;&nbsp;4.900% (SOFR+77 basis points), 8/7/2026<sup>4</sup> | 1656750 |
| 1309000 | VOC Escrow Ltd.<br> 5.000%, 2/15/2028<sup>3,5,6</sup> | 1309000 |
| 1625000 | Warnermedia Holdings, Inc.<br> 3.755%, 3/15/2027<sup>3</sup> | 1604086 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **CORPORATE (Continued)** |  |
|  | **CONSUMER, CYCLICAL (Continued)** |  |
| 2800000 | Wyndham Hotels & Resorts, Inc.<br> 4.375%, 8/15/2028<sup>3,6</sup> | $2735312 |
|  |  | **44739113** |
|  | **CONSUMER, NON-CYCLICAL — 5.3%** |  |
| 4100000 | AbbVie, Inc.<br> 4.250%, 11/14/2028<sup>3</sup> | 4133349 |
| 2750000 | Amgen, Inc.<br> 2.200%, 2/21/2027<sup>3</sup> | 2684220 |
| 2045000 | &nbsp;&nbsp;&nbsp;5.150%, 3/2/2028<sup>3</sup> | 2093049 |
| 2000000 | Ashtead Capital, Inc.<br> 4.375%, 8/15/2027<sup>3,6</sup> | 2000638 |
| 1336000 | Block, Inc.<br> 6.000%, 8/15/2033<sup>3,6</sup> | 1369026 |
| 1500000 | CVS Health Corp.<br> 4.300%, 3/25/2028<sup>3</sup> | 1501196 |
| 1950000 | Elevance Health, Inc.<br> 3.650%, 12/1/2027<sup>3</sup> | 1936467 |
| 4085000 | GE HealthCare Technologies, Inc.<br> 5.650%, 11/15/2027<sup>3</sup> | 4210932 |
| 2975000 | Haleon U.S. Capital LLC<br> 3.375%, 3/24/2027<sup>3</sup> | 2945455 |
| 4000000 | Icon Investments Six DAC<br> 5.809%, 5/8/2027<sup>3,5</sup> | 4083216 |
| 1360000 | IQVIA, Inc.<br> 5.700%, 5/15/2028<sup>3</sup> | 1405390 |
| 1000000 | &nbsp;&nbsp;&nbsp;2.250%, 3/15/2029<sup>3</sup> | 1135364 |
| 2310000 | Keurig Dr Pepper, Inc.<br> 4.350%, 5/15/2028<sup>3</sup> | 2309704 |
| 1510000 | &nbsp;&nbsp;&nbsp;3.950%, 4/15/2029<sup>3</sup> | 1485659 |
| 5130000 | Mars, Inc.<br> 4.600%, 3/1/2028<sup>3,6</sup> | 5193838 |
| 2915000 | McKesson Corp.<br> 1.300%, 8/15/2026<sup>3</sup> | 2850106 |
| 1175000 | Medline Borrower LP<br> 3.875%, 4/1/2029<sup>3,6</sup> | 1134085 |
| 1720000 | Mondelez International Holdings Netherlands B.V.<br> 1.250%, 9/24/2026<sup>3,5,6</sup> | 1674294 |
| 2500000 | Mondelez International, Inc.<br> 2.625%, 3/17/2027<sup>3</sup> | 2449073 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **CORPORATE (Continued)** |  |
|  | **CONSUMER, NON-CYCLICAL (Continued)** |  |
| 4075000 | Pfizer Investment Enterprises Pte Ltd.<br> 4.450%, 5/19/2028<sup>3,5</sup> | $4122099 |
| 850000 | Primo Water Holdings, Inc. / Triton Water Holdings, Inc.<br> 4.375%, 4/30/2029<sup>3,6</sup> | 825684 |
| 3925000 | Roche Holdings, Inc.<br> 1.930%, 12/13/2028<sup>3,6</sup> | 3690356 |
| 750000 | Stryker Corp.<br> 3.375%, 11/1/2025<sup>3</sup> | 749157 |
| 1650000 | United Rentals North America, Inc.<br> 3.875%, 11/15/2027<sup>3</sup> | 1622617 |
|  |  | **57604974** |
|  | **ENERGY — 1.7%** |  |
| 2675000 | Archrock Partners LP / Archrock Partners Finance Corp.<br> 6.250%, 4/1/2028<sup>3,6</sup> | 2685031 |
| 1500000 | Aris Water Holdings LLC<br> 7.250%, 4/1/2030<sup>3,6</sup> | 1584786 |
| 2490000 | Cheniere Energy, Inc.<br> 4.625%, 10/15/2028<sup>3</sup> | 2482904 |
| 2700000 | Enbridge, Inc.<br> 3.700%, 7/15/2027<sup>3,5</sup> | 2678643 |
| 1643000 | Hess Midstream Operations LP<br> 5.125%, 6/15/2028<sup>3,6</sup> | 1642425 |
| 1400000 | NGPL PipeCo LLC<br> 4.875%, 8/15/2027<sup>3,6</sup> | 1403675 |
| 2925000 | ONEOK, Inc.<br> 5.000%, 3/1/2026<sup>3</sup> | 2926778 |
| 1575000 | TerraForm Power Operating LLC<br> 5.000%, 1/31/2028<sup>3,6</sup> | 1567125 |
| 1245000 | XPLR Infrastructure LP<br> 2.500%, 6/15/2026<sup>6,9</sup> | 1216988 |
|  |  | **18188355** |
|  | **FINANCIAL — 1.9%** |  |
| 4235000 | American Tower Corp.<br> 3.375%, 10/15/2026<sup>3</sup> | 4205401 |
| 1565000 | Avolon Holdings Funding Ltd.<br> 5.150%, 1/15/2030<sup>3,5,6</sup> | 1588123 |
| 800000 | Blackstone Mortgage Trust, Inc.<br> 3.750%, 1/15/2027<sup>3,6</sup> | 780965 |
| 3505000 | Digital Realty Trust LP<br> 3.700%, 8/15/2027<sup>3</sup> | 3481615 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **CORPORATE (Continued)** |  |
|  | **FINANCIAL (Continued)** |  |
| 3000000 | Intercontinental Exchange, Inc.<br> 4.000%, 9/15/2027<sup>3</sup> | $3000840 |
| 500000 | Iron Mountain, Inc.<br> 5.000%, 7/15/2028<sup>3,6</sup> | 498750 |
| 1920000 | Mastercard, Inc.<br> 4.697% (SOFR Index+44 basis points), 3/15/2028<sup>4</sup> | 1921638 |
| 2825000 | SBA Communications Corp.<br> 3.875%, 2/15/2027<sup>3</sup> | 2784549 |
| 1595000 | Starwood Property Trust, Inc.<br> 5.750%, 1/15/2031<sup>3,6</sup> | 1596002 |
|  |  | **19857883** |
|  | **INDUSTRIAL — 4.6%** |  |
| 1600000 | Advanced Drainage Systems, Inc.<br> 5.000%, 9/30/2027<sup>3,6</sup> | 1597402 |
| 1810000 | Caterpillar Financial Services Corp.<br> 4.783% (SOFR+46 basis points), 2/27/2026<sup>4</sup> | 1811933 |
| 1525000 | &nbsp;&nbsp;&nbsp;4.510% (SOFR+38 basis points), 1/7/2027<sup>4</sup> | 1525746 |
| 1475000 | &nbsp;&nbsp;&nbsp;4.650% (SOFR+52 basis points), 5/14/2027<sup>4</sup> | 1477178 |
| 685000 | Clean Harbors, Inc.<br> 4.875%, 7/15/2027<sup>3,6</sup> | 684997 |
| 575000 | &nbsp;&nbsp;&nbsp;5.125%, 7/15/2029<sup>3,6</sup> | 570722 |
| 1785000 | Crown Americas LLC / Crown Americas Capital Corp.<br> 4.250%, 9/30/2026<sup>3</sup> | 1777498 |
| 3750000 | CSX Corp.<br> 3.800%, 3/1/2028<sup>3</sup> | 3735971 |
| 2675000 | GFL Environmental, Inc.<br> 4.000%, 8/1/2028<sup>3,5,6</sup> | 2614133 |
| 1975000 | Graphic Packaging International LLC<br> 3.500%, 3/15/2028<sup>3,6</sup> | 1915750 |
| 4265000 | John Deere Capital Corp.<br> 4.570% (SOFR+44 basis points), 3/6/2026<sup>4</sup> | 4269926 |
| 3745000 | MasTec, Inc.<br> 4.500%, 8/15/2028<sup>3,6</sup> | 3737948 |
| 1061000 | Mueller Water Products, Inc.<br> 4.000%, 6/15/2029<sup>3,6</sup> | 1022674 |
| 2050000 | Parker-Hannifin Corp.<br> 4.250%, 9/15/2027<sup>3</sup> | 2059828 |
| 580000 | Republic Services, Inc.<br> 0.875%, 11/15/2025<sup>3</sup> | 577398 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **CORPORATE (Continued)** |  |
|  | **INDUSTRIAL (Continued)** |  |
| 1013000 | Silgan Holdings, Inc.<br> 1.400%, 4/1/2026<sup>3,6</sup> | $997251 |
| 2825000 | &nbsp;&nbsp;&nbsp;4.250%, 2/15/2031<sup>3</sup> | 3332522 |
| 2710000 | Smyrna Ready Mix Concrete LLC<br> 6.000%, 11/1/2028<sup>3,6</sup> | 2710000 |
| 1445000 | Standard Industries, Inc.<br> 4.750%, 1/15/2028<sup>3,6</sup> | 1434162 |
| 4775000 | Veralto Corp.<br> 5.500%, 9/18/2026<sup>3</sup> | 4834487 |
| 2734000 | Vertiv Group Corp.<br> 4.125%, 11/15/2028<sup>3,6</sup> | 2673043 |
| 4296000 | Waste Management, Inc.<br> 4.875%, 2/15/2029<sup>3</sup> | 4413079 |
|  |  | **49773648** |
|  | **TECHNOLOGY — 2.2%** |  |
| 4300000 | Broadcom Corp.<br> 3.875%, 1/15/2027<sup>3,5</sup> | 4298525 |
| 2700000 | Dell International LLC / EMC Corp.<br> 5.250%, 2/1/2028<sup>3</sup> | 2759541 |
| 3765000 | Entegris, Inc.<br> 4.750%, 4/15/2029<sup>3,6</sup> | 3736736 |
| 2150000 | Fiserv, Inc.<br> 3.200%, 7/1/2026<sup>3</sup> | 2136801 |
| 2779000 | Fortinet, Inc.<br> 1.000%, 3/15/2026<sup>3</sup> | 2734822 |
| 1441000 | Kioxia Holdings Corp.<br> 6.250%, 7/24/2030<sup>3,5,6</sup> | 1471454 |
| 1253000 | ON Semiconductor Corp.<br> 3.875%, 9/1/2028<sup>3,6</sup> | 1217618 |
| 3725000 | Oracle Corp.<br> 2.300%, 3/25/2028<sup>3</sup> | 3562020 |
| 1825000 | &nbsp;&nbsp;&nbsp;4.890% (SOFR+76 basis points), 8/3/2028<sup>4</sup> | 1835525 |
|  |  | **23753042** |
|  | **UTILITIES — 2.7%** |  |
| 2685000 | AES Corp.<br> 1.375%, 1/15/2026<sup>3</sup> | 2660497 |
| 1672000 | Atlantica Sustainable Infrastructure PLC<br> 4.125%, 6/15/2028<sup>3,5,6</sup> | 1626943 |
| 1301000 | Calpine Corp.<br> 4.500%, 2/15/2028<sup>3,6</sup> | 1301000 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **CORPORATE (Continued)** |  |
|  | **UTILITIES (Continued)** |  |
| 3000000 | CenterPoint Energy, Inc.<br> 1.450%, 6/1/2026<sup>3</sup> | $2944809 |
| 1860000 | Clearway Energy Operating LLC<br> 4.750%, 3/15/2028<sup>3,6</sup> | 1841400 |
| 3910000 | DTE Energy Co.<br> 4.950%, 7/1/2027<sup>3</sup> | 3960595 |
| 1665000 | Duke Energy Corp.<br> 3.150%, 8/15/2027<sup>3</sup> | 1639009 |
| 2200000 | Eversource Energy<br> 5.450%, 3/1/2028<sup>3</sup> | 2260306 |
| 890000 | NextEra Energy Capital Holdings, Inc.<br> 5.107% (SOFR Index+76 basis points), 1/29/2026<sup>4</sup> | 891620 |
| 3500000 | &nbsp;&nbsp;&nbsp;3.550%, 5/1/2027<sup>3</sup> | 3471800 |
| 1100000 | NRG Energy, Inc.<br> 5.750%, 7/15/2029<sup>3,6</sup> | 1106816 |
| 2025000 | Southern Co.<br> 5.113%, 8/1/2027 | 2059958 |
| 250000 | Southern Power Co.<br> 0.900%, 1/15/2026<sup>3</sup> | 247629 |
| 2725000 | Vistra Operations Co. LLC<br> 4.375%, 5/1/2029<sup>3,6</sup> | 2667094 |
| 861000 | XPLR Infrastructuring Operating Partners LP<br> 4.500%, 9/15/2027<sup>3,6</sup> | 844856 |
|  |  | **29524332** |
|  | **TOTAL CORPORATE** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $279,047,418) | **281700971** |
|  | **U.S. GOVERNMENT — 17.1%** |  |
| 11000000 | United States Treasury Bill<br> 0.000%, 10/9/2025 | 10990089 |
| 10000000 | &nbsp;&nbsp;&nbsp;0.000%, 10/16/2025 | 9983130 |
| 20000000 | &nbsp;&nbsp;&nbsp;0.000%, 10/23/2025 | 19950840 |
| 15000000 | &nbsp;&nbsp;&nbsp;0.000%, 11/12/2025 | 14930130 |
| 10000000 | &nbsp;&nbsp;&nbsp;0.000%, 11/18/2025 | 9946870 |
| 20000000 | &nbsp;&nbsp;&nbsp;0.000%, 11/20/2025 | 19889860 |
| 11000000 | &nbsp;&nbsp;&nbsp;0.000%, 12/9/2025 | 10919051 |
| 25000000 | &nbsp;&nbsp;&nbsp;0.000%, 12/18/2025 | 24791125 |
| 21000000 | &nbsp;&nbsp;&nbsp;0.000%, 1/13/2026 | 20768349 |
| 22950000 | United States Treasury Note<br> 3.500%, 1/31/2028 | 22892166 |

---

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **U.S. GOVERNMENT (Continued)** |  |
| 19075000 | &nbsp;&nbsp;&nbsp;4.000%, 1/31/2029 | $19285130 |
|  | **TOTAL U.S. GOVERNMENT** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $183,514,407) | **184346740** |
|  | **TOTAL BONDS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $991,539,949) | **993198401** |

---

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  |  |
|  | **EXCHANGE-TRADED FUNDS — 0.8%** |  |
| 26176 | Palmer Square CLO Senior Debt ETF<sup>10</sup> | 531373 |
| 52481 | Palmer Square Credit Opportunities ETF<sup>10</sup> | 1081108 |
| 116775 | Palmer Square EUR CLO Senior Debt Index UCITS ETF - Class EUR ACC\*<sup>,10</sup> | 6858715 |
|  | **TOTAL EXCHANGE-TRADED FUNDS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $8,372,527) | **8471196** |
|  | **SHORT-TERM INVESTMENTS — 2.4%** |  |
| 26417360 | Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 3.94%<sup>11,12</sup> | 26417360 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $26,417,360) | **26417360** |
|  | **TOTAL INVESTMENTS — 100.0%** |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,077,837,564) | **1079562921** |
|  | Other Assets in Excess of Liabilities — 0.0% | 188421 |
|  | **TOTAL NET ASSETS — 100.0%** | $1079751342 |

---

EUR – Euro

ETF – Exchange-Traded Fund

\* Non-income producing security.

<sup>1</sup> Local currency.

<sup>2</sup> Bank loans generally pay interest at rates which are periodically determined by reference to a base lending rate plus a premium. All loans carry a variable rate of interest. These base lending rates are generally (i) the Prime Rate offered by one or more major United States banks, (ii) the lending rate offered by one or more European banks such as the London Interbank Offered Rate ("LIBOR"), (iii) the Certificate of Deposit rate, or (iv) Secured Overnight Financing Rate ("SOFR"). Bank Loans, while exempt from registration, under the Securities Act of 1933, contain certain restrictions on resale and cannot be sold publicly. Floating rate bank loans often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy.

<sup>3</sup> Callable.

<sup>4</sup> Floating rate security.

<sup>5</sup> Foreign security denominated in U.S. Dollars.

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

<sup>6</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $457,934,764 which represents 42.41% of total net assets of the Fund.

<sup>7</sup> Variable rate security.

<sup>8</sup> The value of these securities was determined using significant unobservable inputs. These are reported as Level 3 securities in the Fair Value Hierarchy.

<sup>9</sup> Convertible security.

<sup>10</sup> Affiliated company.

<sup>11</sup> All or a portion of this security is segregated as collateral for securities sold short. The market value of the securities pledged as collateral was $4,033, which represents 0.00% of total net assets of the Fund.

<sup>12</sup> The rate is the annualized seven-day yield at period end.

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

**FUTURES CONTRACTS**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Number of<br> Contracts<br> Long (Short)** | **Description** | **Expiration<br> Date** | **Notional<br> Value** | **Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| (41) | U.S. 10 Year Treasury Note | Dec 2025 | $(4612500) | $(22422) |
| **TOTAL FUTURES CONTRACTS** | **TOTAL FUTURES CONTRACTS** |  | $**(4612500)** | $**(22422)** |

---

*See accompanying Notes to Financial Statements.*

**Palmer Square Income Plus Fund**

**SCHEDULE OF INVESTMENTS - Continued**

**As of September 30, 2025 (Unaudited)**

**FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sale Contracts** | **Counterparty** | **Currency<br> Exchange** | **Settlement<br> Date** | **Currency<br> Amount<br> Sold** | **Value At<br> Settlement<br> Date** | **Value At<br> September 30, 2025** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| Euro | JP Morgan | EUR per USD | 10/15/2025 | (2000000) | (2216110) | (2350314) | (134204) |
| Euro | JP Morgan | EUR per USD | 10/24/2025 | (10600000) | (12549310) | (12464136) | 85174 |
| Euro | JP Morgan | EUR per USD | 11/17/2025 | (5838750) | (6847353) | (6870182) | (22829) |
| Euro | JP Morgan | EUR per USD | 12/2/2025 | (2000000) | (2143334) | (2356723) | (213389) |
| Euro | JP Morgan | EUR per USD | 12/5/2025 | (2250000) | (2631247) | (2651784) | (20537) |
| Euro | JP Morgan | EUR per USD | 12/23/2025 | (4655000) | (5487852) | (5492098) | (4247) |
| Euro | JP Morgan | EUR per USD | 2/17/2026 | (1500000) | (1603895) | (1774278) | (170383) |
| Euro | JP Morgan | EUR per USD | 3/27/2026 | (1500000) | (1651731) | (1777923) | (126192) |
| Euro | JP Morgan | EUR per USD | 4/22/2026 | (1500000) | (1734051) | (1778186) | (44135) |
| Euro | JP Morgan | EUR per USD | 7/23/2026 | (4250000) | (5112657) | (5060498) | 52159 |
| Euro | JP Morgan | EUR per USD | 3/19/2027 | (1875000) | (2269886) | (2250056) | 19831 |
|  |  |  |  |  | (44247426) | (44826178) | (578752) |
| **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** |  | $(44247426) | $(44826178) | $(578752) |

---

EUR – Euro

*See accompanying Notes to Financial Statements.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST

- **b. Investment Company Act file number:** 811-21719

- **c. CIK number of Registrant:** 0001318342

- **d. LEI of Registrant:** 549300ESWU4ZNAH5Y054

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** Palmer Square Income Plus Fund

- **b. EDGAR series identifier (if any):** S000044040

- **c. LEI of Series:** 549300BE2Y2R1X2JCK82

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1099298154.82

**Total Liabilities:** $22507700.40

**Net Assets:** $1076790454.42

**Delayed Delivery Securities:** $21381596.21

**Cash Not Reported:** $3318756.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2151.223845103350 | **1-Year:** 32919.913500346568 | **5-Year:** 27699.604104866040 | **10-Year:** 18252.249046280252 | **30-Year:** 15163.842912089992

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

- **3-Month:** 33.634043070729 | **1-Year:** 8242.076188012730 | **5-Year:** 20427.083854404732 | **10-Year:** 5903.885231888092 | **30-Year:** 77.406285321720

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000136684 | 0.30%                | 0.59%                | 0.39%                |
| Class ID C000248662 | 0.30%                | 0.69%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $432071.08               | $-2493096.50                               |
| Month 2  | $649676.59               | $2688761.85                                |
| Month 3  | $489066.70               | $-199242.05                                |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GM Financial Automobile Leasin              | Gm Financial Automobile Leasing Trust 2025-2                      | CUSIP: 362962AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1185000 | PA      | $1189690.23   | 0.11%             | 2027-07-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                           | General Motors Co.                                                | CUSIP: 37045VAU4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2034826.95   | 0.19%             | 2027-10-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                      | General Motors Financial Co., Inc.                                | CUSIP: 37045XDQ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2019000 | PA      | $2020267.93   | 0.19%             | 2027-02-26      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi              | Gm Financial Consumer Automobile Receivables Trust 2025-3         | CUSIP: 379957AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1756422.50   | 0.16%             | 2028-06-16      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execut              | Capital One Multi-Asset Execution Trust                           | CUSIP: 14041NGD7<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |   5020000 | PA      | $5033262.84   | 0.47%             | 2028-05-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receiva              | Capital One Prime Auto Receivables Trust 2022-2                   | CUSIP: 14043GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1557461 | PA      | $1555509.12   | 0.14%             | 2027-05-17      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                     | CarMax Auto Owner Trust 2024-4                                    | CUSIP: 14290DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    966485 | PA      | $968359.57    | 0.09%             | 2027-12-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                     | Carmax Auto Owner Trust 2025-3                                    | CUSIP: 14290FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4275000 | PA      | $4313162.93   | 0.40%             | 2030-07-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                              | CarVal CLO II Ltd.                                                | CUSIP: 14686AAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1921947 | PA      | $1923042.00   | 0.18%             | 2032-04-20      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                    | Caterpillar Financial Services Corp.                              | CUSIP: 14913UAK6<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1811933.08   | 0.17%             | 2026-02-27      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                    | Caterpillar Financial Services Corp.                              | CUSIP: 14913UAM2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1477178.58   | 0.14%             | 2027-05-14      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                    | Caterpillar Financial Services Corp.                              | CUSIP: 14913UAW0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1525745.73   | 0.14%             | 2027-01-07      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO                            | TCI-Symphony CLO 2016-1 Ltd.                                      | CUSIP: 87229WAQ4<br>LEI: 5493005WLG3H3B8NI222 | Long             | ABS-CBDO         | CORP              | KY        |   1827927 | PA      | $1830593.99   | 0.17%             | 2032-10-13      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA, Inc.                                                | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4206518.40   | 0.39%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                           | T-Mobile U.S. Trust 2024-1                                        | CUSIP: 87267RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3310000 | PA      | $3341064.35   | 0.31%             | 2029-09-20      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                    | TerraForm Power Operating LLC                                     | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1567125.00   | 0.15%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                      | Tesla Auto Lease Trust 2024-A                                     | CUSIP: 88166VAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1766425.50   | 0.16%             | 2027-12-20      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| Wind River CLO Ltd                          | THL Credit Wind River 2013-2 CLO Ltd.                             | CUSIP: 88432ABC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.09%             | 2030-10-18      | Floating      | 7.54%                 | Yes           |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                    | Toyota Lease Owner Trust 2024-B                                   | CUSIP: 891943AD4<br>LEI: 254900R64DFTI1MWY364 | Long             | ABS-O            | CORP              | US        |   4295000 | PA      | $4306970.17   | 0.40%             | 2027-09-20      | Fixed         | 4.21%                 | Yes           |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner               | Toyota Auto Receivables 2025-B Owner Trust                        | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1660000 | PA      | $1664463.74   | 0.15%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp.                                         | CUSIP: 89236TKV6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    930000 | PA      | $933717.21    | 0.09%             | 2026-05-18      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp.                                         | CUSIP: 89236TML6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1656750.15   | 0.15%             | 2026-08-07      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                    | Toyota Motor Credit Corp.                                         | CUSIP: 89236TMR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1451628.35   | 0.13%             | 2026-04-10      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                    | Toyota Lease Owner Trust 2024-A                                   | CUSIP: 89238GAD3<br>LEI: 254900MVSB4M6HOIRE71 | Long             | ABS-O            | CORP              | US        |   3258343 | PA      | $3274419.60   | 0.30%             | 2027-04-20      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                    | Toyota Lease Owner Trust 2025-A                                   | CUSIP: 89239NAB1<br>LEI: 254900299R9KF5UH9O95 | Long             | ABS-O            | CORP              | US        |   4016120 | PA      | $4031204.75   | 0.37%             | 2027-07-20      | Fixed         | 4.58%                 | Yes           |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner               | Toyota Auto Receivables 2025-A Owner Trust                        | CUSIP: 89240JAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4471280 | PA      | $4477960.57   | 0.42%             | 2027-11-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                            | Trestles CLO VI Ltd.                                              | CUSIP: 894940AQ8<br>LEI: 254900837GHK5VH7YU15 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005494.20   | 0.19%             | 2038-04-25      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Trestles CLO LTD                            | TRESTLES CLO 2017-1 Ltd.                                          | CUSIP: 89531FAY3<br>LEI: 254900QSBDX181YYBH38 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4012899.60   | 0.37%             | 2037-07-25      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Trestles CLO LTD                            | TRESTLES CLO II Ltd.                                              | CUSIP: 89531MAJ1<br>LEI: 6354005OLPZ8XONXGL10 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3015174.30   | 0.28%             | 2037-07-25      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Trinitas CLO Ltd                            | Trinitas CLO XXI Ltd.                                             | CUSIP: 89640JAW7<br>LEI: 254900S6ZHFKMFCQD992 | Long             | ABS-CBDO         | CORP              | BM        |   1250000 | PA      | $1270307.00   | 0.12%             | 2038-04-20      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| Trinitas CLO Ltd                            | Trinitas CLO XXIX Ltd.                                            | CUSIP: 89643BAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3010984.80   | 0.28%             | 2037-07-23      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                       | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19950840.00  | 1.85%             | 2025-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                       | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19889860.00  | 1.85%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                       | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24791125.00  | 2.30%             | 2025-12-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                       | CUSIP: 912797RN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14930130.00  | 1.39%             | 2025-11-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                       | CUSIP: 912797RP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9946870.00   | 0.92%             | 2025-11-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                       | CUSIP: 912797RW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10919051.00  | 1.01%             | 2025-12-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                       | CUSIP: 912797SF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21000000 | PA      | $20768349.00  | 1.93%             | 2026-01-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP                       | AAdvantage Loyalty IP Ltd.                                        | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    836063 | PA      | $835774.07    | 0.08%             | 2028-04-20      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| PEER HOLDING III BV                         | Peer Holding III B.V.                                             | CUSIP: N6872NAN6<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |    995000 | PA      | $997283.53    | 0.09%             | 2031-07-01      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| ASTORIA ENERGY LLC                          | Astoria Energy LLC                                                | CUSIP: 04626LAJ8<br>LEI: 549300BXD26J7I0IPB62 | Long             | LON              | CORP              | US        |   1697500 | PA      | $1703636.46   | 0.16%             | 2032-06-23      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| SAZERAC CO INC                              | Sazerac Co., Inc.                                                 | CUSIP: 80583EAN6<br>LEI: 9QU0CG1O4LSOB6IFK895 | Long             | LON              | CORP              | US        |   1750000 | PA      | $1762643.75   | 0.16%             | 2032-07-09      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                         | Avantor Funding, Inc.                                             | CUSIP: 999999999<br>LEI: 5493003VM0XB4U8YD238 | Long             | LON              | CORP              | US        |   1375000 | PA      | $1561766.26   | 0.15%             | 2032-09-29      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MATTERHORN TELECOM SA                       | Matterhorn Telecom S.A.                                           | CUSIP: 999999999<br>LEI: 549300MTB0YI26SMUT22 | Long             | DBT              | CORP              | LU        |   1525000 | PA      | $1786620.39   | 0.17%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                         | Silgan Holdings, Inc.                                             | CUSIP: YL8597970<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   2825000 | PA      | $3332521.63   | 0.31%             | 2031-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EUR SPOT FORWARD CONTRACT   /               | EUR SPOT FORWARD CONTRACT   /                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | XX        |   1525000 | OU      | $1790326.37   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO CURRENCY  /                            | EURO CURRENCY  /                                                  | CUSIP: 999999999<br>LEI: N/A                  | Short            | STIV             |  | XX        |   -910911 | OU      | $-1069395.73  | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Treasury Portfolio                 | Fidelity Treasury Portfolio - Class I                             | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  32204887 | PA      | $32204887.38  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Palmer Square EUR CLO Senior D              | Palmer Square EUR CLO Senior Debt Index UCITS ETF - Class EUR ACC | CUSIP: 999999999<br>LEI: 6354008XYJMSEKLLHQ25 | Long             |  | RF                | IE        |    116775 | NS      | $6858714.64   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Palmer Square CLO Senior Debt               | Palmer Square CLO Senior Debt ETF                                 | CUSIP: 696930205<br>LEI: 529900TABPQS963SOB46 | Long             |  | RF                | US        |     26176 | NS      | $531372.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Palmer Square Credit Opportuni              | Palmer Square Credit Opportunities ETF                            | CUSIP: 696930106<br>LEI: 529900LY0Z76U5AEGV09 | Long             |  | RF                | US        |     52481 | NS      | $1081108.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| 10 YR T-NOTE FUTURE DEC 2025   /            | 10 YR T-NOTE FUTURE DEC 2025   /                                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -41 | NC      | $-22548.77    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Flatiron CLO Ltd                            | Flatiron CLO 20 Ltd.                                              | CUSIP: 33883NAE2<br>LEI: 25490077CXFU133A8B24 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.09%             | 2036-05-20      | Floating      | 10.65%                | Yes           |                  2 | On Loan: No      |
| Flatiron CLO Ltd                            | Flatiron CLO 20 Ltd.                                              | CUSIP: 33883NAG7<br>LEI: 25490077CXFU133A8B24 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.00   | 0.14%             | 2038-11-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Floorplan Master O              | Ford Credit Floorplan Master Owner Trust A                        | CUSIP: 34528QHV9<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   4755000 | PA      | $4778651.37   | 0.44%             | 2028-05-15      | Fixed         | 4.92%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                | Ford Credit Auto Owner Trust 2024-D                               | CUSIP: 34535VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    786177 | PA      | $787853.43    | 0.07%             | 2027-10-15      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co. LLC                                         | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1737675.00   | 0.16%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FORTINET INC                                | Fortinet, Inc.                                                    | CUSIP: 34959EAA7<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |   2779000 | PA      | $2734822.24   | 0.25%             | 2026-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                       | GFL Environmental, Inc.                                           | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   2675000 | PA      | $2614133.05   | 0.24%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Corp. Trust 2012-BWTR                      | CUSIP: 36192RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2971908 | PA      | $2577808.82   | 0.24%             | 2034-11-05      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobi              | GM Financial Consumer Automobile Receivables Trust 2025-2         | CUSIP: 362549AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    764119 | PA      | $765432.16    | 0.07%             | 2028-02-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC                       | Haleon U.S. Capital LLC                                           | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   2975000 | PA      | $2945455.28   | 0.27%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi              | GM Financial Consumer Automobile Receivables Trust 2023-3         | CUSIP: 36267KAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2990393 | PA      | $3015291.10   | 0.28%             | 2028-06-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                      | GE HealthCare Technologies, Inc.                                  | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   4085000 | PA      | $4210932.38   | 0.39%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin              | GM Financial Automobile Leasing Trust 2024-1                      | CUSIP: 36269FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5282891 | PA      | $5300478.04   | 0.49%             | 2027-03-22      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                              | Galaxy 32 CLO Ltd.                                                | CUSIP: 362941AA4<br>LEI: 391200J1K1EF617W8568 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1010613.10   | 0.09%             | 2036-10-20      | Floating      | 11.66%                | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust              | Hyundai Auto Receivables Trust 2025-A                             | CUSIP: 44935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4506241.50   | 0.42%             | 2027-12-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat              | Hyundai Auto Lease Securitization Trust 2025-B                    | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1660000 | PA      | $1667848.48   | 0.15%             | 2027-09-15      | Fixed         | 4.58%                 | Yes           |                  2 | On Loan: No      |
| Dartry Park CLO                             | Dartry Park CLO DAC                                               | CUSIP: BCC2QW7N0<br>LEI: 549300EK539GMKPB1K76 | Long             | ABS-CBDO         | CORP              | IE        |   2250000 | PA      | $2654358.12   | 0.25%             | 2034-01-28      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                         | Medline Borrower LP                                               | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   1446986 | PA      | $1439751.49   | 0.13%             | 2028-10-23      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                     | Light & Wonder International, Inc.                                | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |   1492481 | PA      | $1498548.14   | 0.14%             | 2029-04-16      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| FRONERI US INC                              | Froneri US, Inc.                                                  | CUSIP: G3679YAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1480785 | PA      | $1471840.94   | 0.14%             | 2031-09-30      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| FLEETCOR TECHNOLOGIES INC                   | Corpay Technologies Operating Co. LLC                             | CUSIP: 999999999<br>LEI: 549300FKKKZCXLK48427 | Long             | LON              | CORP              | US        |   1964861 | PA      | $1963947.06   | 0.18%             | 2028-04-28      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                        | WMG Acquisition Corp.                                             | CUSIP: 92929LBA5<br>LEI: 549300NAS11NXI33CP80 | Long             | LON              | CORP              | US        |   1950000 | PA      | $1956103.50   | 0.18%             | 2031-01-24      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                              | Ryan Specialty LLC                                                | CUSIP: 999999999<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |   1736875 | PA      | $1739593.21   | 0.16%             | 2031-09-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| KESTREL ACQUISITION LLC                     | Kestrel Acquisition LLC                                           | CUSIP: 44579UAB8<br>LEI: 549300ER0JUHJLPPMH08 | Long             | LON              | CORP              | US        |   1226989 | PA      | $1232614.38   | 0.11%             | 2031-11-06      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| HUDSON RIVER TRADING LLC                    | Hudson River Trading LLC                                          | CUSIP: 44413EAJ7<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |   1964641 | PA      | $1970083.06   | 0.18%             | 2030-03-18      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPER                 | Charter Communications Operating LLC                              | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    987206 | PA      | $987917.05    | 0.09%             | 2031-12-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| WEX INC                                     | WEX, Inc.                                                         | CUSIP: 96208UAW1<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | LON              | CORP              | US        |   1994962 | PA      | $1994333.81   | 0.19%             | 2028-04-03      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TRANS UNION LLC                             | Trans Union LLC                                                   | CUSIP: 89334GBG8<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |   1492500 | PA      | $1493052.23   | 0.14%             | 2031-06-24      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPERATING CO LLC                   | Go Daddy Operating Co. LLC                                        | CUSIP: 38017BAX4<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |   2212163 | PA      | $2211875.11   | 0.21%             | 2029-11-13      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                               | Coherent Corp.                                                    | CUSIP: 45173JAS3<br>LEI: 549300O5C25A0MMHHU33 | Long             | LON              | CORP              | US        |    711011 | PA      | $711455.03    | 0.07%             | 2029-07-02      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                        | Flutter Financing B.V.                                            | CUSIP: N3313EAG5<br>LEI: 635400EG4YIJLJMZJ782 | Long             | LON              | CORP              | NL        |   1670250 | PA      | $1667744.63   | 0.15%             | 2030-11-29      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| KOPPERS INC                                 | Koppers, Inc.                                                     | CUSIP: 50060JAH3<br>LEI: LTO4ZL5EBDR1NE6FGJ36 | Long             | LON              | CORP              | US        |    994987 | PA      | $1000897.69   | 0.09%             | 2030-04-10      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                            | AmWINS Group, Inc.                                                | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    995000 | PA      | $995641.78    | 0.09%             | 2032-01-30      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                       | Stonepeak Nile Parent LLC                                         | CUSIP: 86184XAB0<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1000875.00   | 0.09%             | 2032-04-12      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| PRIMO BRANDS CORP                           | Primo Brands Corp.                                                | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |   1496241 | PA      | $1497676.99   | 0.14%             | 2028-03-31      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| ZEGONA HOLDCO LTD                           | Zegona Holdco Ltd.                                                | CUSIP: 999999999<br>LEI: 213800UXDFOAHVOOVX08 | Long             | LON              | CORP              | GB        |    750000 | PA      | $885626.03    | 0.08%             | 2029-07-30      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                               | McKesson Corp.                                                    | CUSIP: 581557BR5<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |   2915000 | PA      | $2850106.27   | 0.26%             | 2026-08-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Mellon Residential Funding Cor              | Mellon Residential Funding Cor Mor Pas Thr Tr Ser 1999-tbc3       | CUSIP: 585525DF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14790 | PA      | $14480.37     | 0.00%             | 2029-10-20      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| MENLO CLO                                   | Menlo Clo III Ltd.                                                | CUSIP: 58682NAA0<br>LEI: 254900SSGUF4LVDEDB34 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3500000.00   | 0.33%             | 2038-10-16      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MENLO CLO                                   | Menlo CLO I Ltd.                                                  | CUSIP: 586915AG5<br>LEI: 2549005RHPY3C68SIP61 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1530057.00   | 0.14%             | 2038-01-20      | Floating      | 7.58%                 | Yes           |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust              | Mercedes-Benz Auto Lease Trust 2023-A                             | CUSIP: 58768RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1232876 | PA      | $1233567.73   | 0.11%             | 2027-01-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust              | Mercedes-Benz Auto Lease Trust 2024-A                             | CUSIP: 58770JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1772765.75   | 0.16%             | 2028-01-18      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| EUR FORWARD PALMER CONTRACT 12/23/25   /    | EUR FORWARD PALMER CONTRACT 12/23/25   /                          | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -4655000 | OU      | $-5492098.30  | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| Post CLO LTD                                | Post CLO 2024-1 Ltd.                                              | CUSIP: 73743EAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5024553.50   | 0.47%             | 2037-04-20      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                    | Primo Water Holdings, Inc. / Triton Water Holdings, Inc.          | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $825684.05    | 0.08%             | 2029-04-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Recette CLO LLC                             | Recette Clo Ltd.                                                  | CUSIP: 75620RAG7<br>LEI: 549300392I5L5XOJ0016 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $915046.70    | 0.08%             | 2034-04-20      | Floating      | 13.06%                | Yes           |                  2 | On Loan: No      |
| Regatta VII Funding Ltd                     | Regatta VII Funding Ltd.                                          | CUSIP: 75887TAN6<br>LEI: 549300DA6HSLI0UPTQ25 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.19%             | 2034-06-20      | Floating      | 10.66%                | Yes           |                  2 | On Loan: No      |
| Regatta VII Funding Ltd                     | Regatta VII Funding Ltd.                                          | CUSIP: 75887TBA3<br>LEI: 549300DA6HSLI0UPTQ25 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.19%             | 2034-06-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Regatta VII Funding Ltd                     | Regatta VII Funding Ltd.                                          | CUSIP: 75888ABE5<br>LEI: 549300DA6HSLI0UPTQ25 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.19%             | 2034-06-20      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Regatta VII Funding Ltd                     | Regatta VII Funding Ltd.                                          | CUSIP: 75888ABQ8<br>LEI: 549300DA6HSLI0UPTQ25 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000000.00   | 0.28%             | 2034-06-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd.                    | Regatta XVI Funding Ltd.                                          | CUSIP: 75888QAL5<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007747.00   | 0.09%             | 2033-01-15      | Floating      | 11.42%                | Yes           |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                       | Republic Services, Inc.                                           | CUSIP: 760759AY6<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    580000 | PA      | $577398.12    | 0.05%             | 2025-11-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                          | Roche Holdings, Inc.                                              | CUSIP: 771196BW1<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3690355.65   | 0.34%             | 2028-12-13      | Fixed         | 1.93%                 | Yes           |                  2 | On Loan: No      |
| Romark CLO Ltd                              | Romark WM-R Ltd.                                                  | CUSIP: 77587AAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1186652 | PA      | $1187791.84   | 0.11%             | 2031-04-20      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                    | SCIL IV LLC / SCIL USA Holdings LLC                               | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1697875.00   | 0.16%             | 2026-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SFS Auto Receivables Securitiz              | SFS Auto Receivables Securitization Trust 2023-1                  | CUSIP: 78398AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4098343 | PA      | $4128535.52   | 0.38%             | 2028-10-20      | Fixed         | 5.47%                 | Yes           |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                     | SBA Communications Corp.                                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   2825000 | PA      | $2784548.83   | 0.26%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EUR FORWARD PALMER CONTRACT 2/17/26   /     | EUR FORWARD PALMER CONTRACT 2/17/26   /                           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1500000 | OU      | $-1774277.71  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2021-4                                     | CUSIP: 81748WAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2821889 | PA      | $2509158.47   | 0.23%             | 2051-06-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| 7-ELEVEN INC                                | 7-Eleven, Inc.                                                    | CUSIP: 817826AC4<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   2303000 | PA      | $2274124.99   | 0.21%             | 2026-02-10      | Fixed         | 0.95%                 | Yes           |                  2 | On Loan: No      |
| 7-ELEVEN INC                                | 7-Eleven, Inc.                                                    | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2151024.40   | 0.20%             | 2028-02-10      | Fixed         | 1.30%                 | Yes           |                  2 | On Loan: No      |
| 720 East CLO Ltd.                           | 720 East CLO 2023-II Ltd.                                         | CUSIP: 817941AU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1250000.00   | 0.12%             | 2038-10-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| 720 East CLO Ltd.                           | 720 East CLO 2023-II Ltd.                                         | CUSIP: 817942AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1125000 | PA      | $1125000.00   | 0.10%             | 2038-10-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Shackleton CLO LTD                          | Shackleton 2019-XIV Clo Ltd.                                      | CUSIP: 81880YAJ9<br>LEI: 549300HOHPZON6E4VH77 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003537.20   | 0.09%             | 2034-07-20      | Floating      | 10.23%                | Yes           |                  2 | On Loan: No      |
| Shackleton CLO LTD                          | Shackleton 2013-IV-R CLO Ltd.                                     | CUSIP: 81882HAG0<br>LEI: 5493000LHXWSIZGUY418 | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2260156.95   | 0.21%             | 2031-04-13      | Floating      | 7.45%                 | Yes           |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                         | Sherwin-Williams Co.                                              | CUSIP: 824348AW6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   4775000 | PA      | $4731728.95   | 0.44%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                        | Signal Peak CLO 4 Ltd.                                            | CUSIP: 82667EAN1<br>LEI: 635400L44OLNOBHFTO08 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.19%             | 2034-10-26      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                         | Silgan Holdings, Inc.                                             | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $997250.89    | 0.09%             | 2026-04-01      | Fixed         | 1.40%                 | Yes           |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                       | Silver Point CLO 12 Ltd.                                          | CUSIP: 82809MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.19%             | 2038-10-15      | Floating      | 5.31%                 | Yes           |                  3 | On Loan: No      |
| Silver Point CLO, Ltd                       | Silver Point CLO 9 Ltd.                                           | CUSIP: 82809VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2012289.20   | 0.19%             | 2038-03-31      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                       | Sixth Street CLO XXII Ltd.                                        | CUSIP: 83011LAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005473.20   | 0.09%             | 2038-04-21      | Floating      | 6.98%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO LTD                         | Sound Point CLO XXIV                                              | CUSIP: 83614NAU7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1436243.40   | 0.13%             | 2034-10-25      | Floating      | 8.08%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CO                                 | Southern Co.                                                      | CUSIP: 842587DD6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2059957.58   | 0.19%             | 2027-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                           | Southern Power Co.                                                | CUSIP: 843646AW0<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247629.00    | 0.02%             | 2026-01-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                   | Block, Inc.                                                       | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1336000 | PA      | $1369025.92   | 0.13%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                    | Smyrna Ready Mix Concrete LLC                                     | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   2710000 | PA      | $2710000.00   | 0.25%             | 2028-11-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                    | Standard Industries, Inc.                                         | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1434162.50   | 0.13%             | 2028-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| STARBUCKS CORP                              | Starbucks Corp.                                                   | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1591112.25   | 0.15%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                     | Starwood Property Trust, Inc.                                     | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1596001.66   | 0.15%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| STRYKER CORP                                | Stryker Corp.                                                     | CUSIP: 863667AH4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749157.00    | 0.07%             | 2025-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                            | Symphony CLO XXV Ltd.                                             | CUSIP: 87167WAC9<br>LEI: 5493006CLZCEH6WYKR81 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2503688.25   | 0.23%             | 2034-04-19      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| EURO FORWARD PALMER CONTRACT 10/15/2025   / | EURO FORWARD PALMER CONTRACT 10/15/2025   /                       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2000000 | OU      | $-2350314.35  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| U.S. Bank National Association              | U.S. Bank C&I Credit-Linked Notes Series 2025-2                   | CUSIP: 90355PAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.28%             | 2032-09-25      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bank National Association              | U.S. Bank C&I Credit-Linked Notes Series 2025-2                   | CUSIP: 90355PAD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4500000 | PA      | $4500000.00   | 0.42%             | 2032-09-25      | Floating      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| USB Auto Owner Trust                        | USB Auto Owner Trust 2025-1                                       | CUSIP: 90367VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1090000 | PA      | $1093980.68   | 0.10%             | 2028-06-15      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                     | United Rentals North America, Inc.                                | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1622616.60   | 0.15%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                       | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10990089.00  | 1.02%             | 2025-10-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                               | United States Treasury Bill                                       | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9983130.00   | 0.93%             | 2025-10-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate M              | Bear Stearns ARM Trust 2004-3                                     | CUSIP: 07384MR95<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44324 | PA      | $41650.24     | 0.00%             | 2034-07-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt              | Benefit Street Partners CLO XXVII Ltd.                            | CUSIP: 08179PAW2<br>LEI: 254900WANE6M5S0NC534 | Long             | ABS-CBDO         | CORP              | JE        |   1250000 | PA      | $1259347.50   | 0.12%             | 2037-10-20      | Floating      | 7.48%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt              | Benefit Street Partners CLO IV Ltd.                               | CUSIP: 08180FCG4<br>LEI: 5493002BNZCV0YE1MG83 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2506792.00   | 0.23%             | 2038-10-20      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt              | Benefit Street Partners CLO XXI Ltd.                              | CUSIP: 08186TAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $758211.83    | 0.07%             | 2034-10-15      | Floating      | 11.28%                | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt              | Benefit Street Partners CLO 42 Ltd.                               | CUSIP: 08187LAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1258834.50   | 0.12%             | 2038-10-25      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                      | Blackstone Mortgage Trust, Inc.                                   | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    800000 | PA      | $780965.20    | 0.07%             | 2027-01-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO 2015-3 Ltd.                                      | CUSIP: 09628JAN1<br>LEI: 5493009UJ1T6R11V4458 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003101.80   | 0.19%             | 2031-04-20      | Floating      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO XXIX Ltd.                                        | CUSIP: 09630KAU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1757986.65   | 0.16%             | 2034-07-25      | Floating      | 8.83%                 | Yes           |                  2 | On Loan: No      |
| BofA Auto Trust                             | BofA Auto Trust 2024-1                                            | CUSIP: 09709AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $454546.80    | 0.04%             | 2028-11-15      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| DRYDEN LEVERAGED CLO 5.15%  01/19/2038   /  | DRYDEN LEVERAGED CLO 5.15%  01/19/2038   /                        | CUSIP: G284ACAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | IE        |   2000000 | PA      | $2381825.55   | 0.22%             | 2038-01-19      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PENTA CLO 3 DESIGNATED ACTIVIT              | Penta CLO 3 DAC                                                   | CUSIP: G7S01TAD5<br>LEI: 6354005OXNNWWOAOCX44 | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1770052.83   | 0.16%             | 2038-10-17      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| OCP Euro CLO                                | OCP Euro 2025-12 DAC                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1749753.35   | 0.16%             | 2038-01-20      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| BOYD GAMING CORP                            | Boyd Gaming Corp.                                                 | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1095748.50   | 0.10%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP /  CAYMN FI                    | Broadcom Corp. / Broadcom Cayman Finance Ltd.                     | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   4300000 | PA      | $4298525.10   | 0.40%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                     | Bryant Park Funding 2024-23 Ltd.                                  | CUSIP: 11765DAA1<br>LEI: 391200W7QGMU3U2OCV81 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1009606.90   | 0.09%             | 2037-05-15      | Floating      | 10.94%                | Yes           |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                     | Bryant Park Funding 2021-17R Ltd.                                 | CUSIP: 11766LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1009952.70   | 0.09%             | 2038-01-20      | Floating      | 11.26%                | Yes           |                  2 | On Loan: No      |
| EUR FORWARD PALMER CONTRACT 04/22/2026   /  | EUR FORWARD PALMER CONTRACT 04/22/2026   /                        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1500000 | OU      | $-1778186.28  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| EUR FORWARD PALMER CONTRACT 10/24/2025   /  | EUR FORWARD PALMER CONTRACT 10/24/2025   /                        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        | -10600000 | OU      | $-12464136.21 | -1.16%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC / CCO Holdings Capital Corp.                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1169125.00   | 0.11%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CBAMR Ltd                                   | CBAMR 2017-4 Ltd.                                                 | CUSIP: 12516EAG6<br>LEI: 635400U9D8ZDLM1G7T76 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004620.40   | 0.09%             | 2038-03-31      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                            | CIFC Funding 2013-III-R Ltd.                                      | CUSIP: 12552MAL2<br>LEI: 549300JZARV9CBLL1S14 | Long             | ABS-CBDO         | CORP              | KY        |   2745392 | PA      | $2748536.88   | 0.26%             | 2031-04-24      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                            | CIFC Funding 2019-I Ltd.                                          | CUSIP: 12553DAS6<br>LEI: 254900RRJV30GDUWIX97 | Long             | ABS-CBDO         | CORP              | KY        |   3900000 | PA      | $3911173.50   | 0.36%             | 2037-10-20      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| CSX CORP                                    | CSX Corp.                                                         | CUSIP: 126408HJ5<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3735971.25   | 0.35%             | 2028-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Dewolf Park clo, ltd                        | Dewolf Park CLO Ltd.                                              | CUSIP: 25211AAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    518990 | PA      | $519253.41    | 0.05%             | 2030-10-15      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                     | Digital Realty Trust LP                                           | CUSIP: 25389JAR7<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   3505000 | PA      | $3481614.64   | 0.32%             | 2027-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 19 Ltd                          | Elmwood CLO 19 Ltd.                                               | CUSIP: 29004JBC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.00   | 0.14%             | 2038-10-17      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Empower CLO Ltd.                            | Empower CLO 2022-1 Ltd.                                           | CUSIP: 29246AAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005675.80   | 0.19%             | 2037-10-20      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Empower CLO Ltd.                            | Empower CLO 2023-2 Ltd.                                           | CUSIP: 29247BAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2010722.00   | 0.19%             | 2038-10-15      | Floating      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Empower CLO Ltd.                            | Empower CLO 2025-1 Ltd.                                           | CUSIP: 29249DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3769330.50   | 0.35%             | 2038-07-20      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| John Deere Owner Trust                      | John Deere Owner Trust 2025-B                                     | CUSIP: 47800UAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1815000 | PA      | $1823613.99   | 0.17%             | 2028-07-17      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                       | KKR CLO 18 Ltd.                                                   | CUSIP: 48251JAS2<br>LEI: 54930088PYF0FHKY5C94 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501028.70   | 0.14%             | 2035-10-18      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                        | Keurig Dr Pepper, Inc.                                            | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1485658.80   | 0.14%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                        | Keurig Dr Pepper, Inc.                                            | CUSIP: 49271VAZ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2309704.32   | 0.21%             | 2028-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                        | Kioxia Holdings Corp.                                             | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   1441000 | PA      | $1471454.09   | 0.14%             | 2030-07-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                   | Kubota Credit Owner Trust 2023-2                                  | CUSIP: 500945AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3521759 | PA      | $3552528.09   | 0.33%             | 2028-01-18      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                   | Kubota Credit Owner Trust 2025-2                                  | CUSIP: 50117LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1660000 | PA      | $1670064.58   | 0.16%             | 2028-04-17      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| LOWE'S COS INC                              | Lowe's Cos., Inc.                                                 | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   4605000 | PA      | $4539760.97   | 0.42%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                    | Madison Park Funding XXXV Ltd.                                    | CUSIP: 55819MAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1762784 | PA      | $1766299.58   | 0.16%             | 2032-04-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings, Inc.                                        | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1604086.25   | 0.15%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                           | Magnetite XXV Ltd.                                                | CUSIP: 55955HAA9<br>LEI: 549300WFCL37N4TDUR08 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1006793.20   | 0.09%             | 2032-01-25      | Floating      | 10.93%                | Yes           |                  2 | On Loan: No      |
| MARS INC                                    | Mars, Inc.                                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   5130000 | PA      | $5193837.72   | 0.48%             | 2028-03-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| MASTEC INC                                  | MasTec, Inc.                                                      | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |   3745000 | PA      | $3737948.17   | 0.35%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| MASTERCARD INC                              | Mastercard, Inc.                                                  | CUSIP: 57636QBE3<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1921637.76   | 0.18%             | 2028-03-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                      | Match Group Holdings II LLC                                       | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    625000 | PA      | $623747.50    | 0.06%             | 2027-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                      | Match Group Holdings II LLC                                       | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   1664000 | PA      | $1641120.00   | 0.15%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Oak Hill Credit                             | OHA Credit Funding 11 Ltd.                                        | CUSIP: 67115VAQ5<br>LEI: 2549002MG7GTTY5LHR97 | Long             | ABS-CBDO         | CORP              | BM        |   1000000 | PA      | $1003220.60   | 0.09%             | 2037-07-19      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2023-30 Ltd.                                              | CUSIP: 67117QAA9<br>LEI: 2138008RM9AHM8ZQ8119 | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1542385.95   | 0.14%             | 2037-01-24      | Floating      | 11.41%                | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd                             | Oaktree CLO 2019-3 Ltd.                                           | CUSIP: 67400EBE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2009842.40   | 0.19%             | 2038-01-20      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2024-31 Ltd.                                              | CUSIP: 67570AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   4500000 | PA      | $4522014.90   | 0.42%             | 2037-04-20      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Post CLO LTD                                | Post CLO 2023-1 Ltd.                                              | CUSIP: 73743CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4010432.40   | 0.37%             | 2036-04-20      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| Post CLO LTD                                | Post CLO 2023-1 Ltd.                                              | CUSIP: 73743CAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007233.00   | 0.19%             | 2036-04-20      | Floating      | 9.58%                 | Yes           |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen, Inc.                                                       | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2684220.00   | 0.25%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                   | Amgen, Inc.                                                       | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2045000 | PA      | $2093049.32   | 0.19%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.               | Anchorage Credit Funding 3 Ltd.                                   | CUSIP: 03330EAN4<br>LEI: 5493003NNQWXMTSTMF21 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1904715.80   | 0.18%             | 2039-01-28      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| Annisa CLO Ltd                              | Annisa CLO Ltd. 2016-2                                            | CUSIP: 036011AW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505043.60   | 0.14%             | 2031-07-20      | Floating      | 7.13%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding Ltd                           | Cedar Funding IV CLO Ltd.                                         | CUSIP: 150323BS1<br>LEI: 549300PPJP6KEORGHQ85 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1020027.40   | 0.09%             | 2038-01-23      | Floating      | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding Ltd                           | Cedar Funding VII Clo Ltd.                                        | CUSIP: 15032FAP1<br>LEI: 549300G87EGFMLOYN341 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007955.80   | 0.19%             | 2031-01-20      | Floating      | 7.08%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding Ltd                           | Cedar Funding XIX CLO Ltd.                                        | CUSIP: 15033CAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004938.50   | 0.09%             | 2038-01-23      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                      | CenterPoint Energy, Inc.                                          | CUSIP: 15189TBA4<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2944809.00   | 0.27%             | 2026-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                      | Chase Auto Owner Trust 2024-5                                     | CUSIP: 16144QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    417103 | PA      | $417414.44    | 0.04%             | 2027-11-26      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                         | Cheniere Energy, Inc.                                             | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2482903.50   | 0.23%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance               | Citibank Credit Card Issuance Trust                               | CUSIP: 17305EGW9<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |   5205000 | PA      | $5214832.25   | 0.48%             | 2027-12-08      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trus              | Citizens Auto Receivables Trust 2024-1                            | CUSIP: 17331QAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4990765 | PA      | $5019870.73   | 0.47%             | 2028-04-17      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| CLEAN HARBORS INC                           | Clean Harbors, Inc.                                               | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    685000 | PA      | $684997.26    | 0.06%             | 2027-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CLEAN HARBORS INC                           | Clean Harbors, Inc.                                               | CUSIP: 184496AP2<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    575000 | PA      | $570722.00    | 0.05%             | 2029-07-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                      | Clearway Energy Operating LLC                                     | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1841400.00   | 0.17%             | 2028-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| AES CORP/THE                                | AES Corp.                                                         | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   2685000 | PA      | $2660496.69   | 0.25%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                    | AT&T, Inc.                                                        | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   4125000 | PA      | $3905607.75   | 0.36%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                  | AbbVie, Inc.                                                      | CUSIP: 00287YBF5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4133349.40   | 0.38%             | 2028-11-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                    | Advanced Drainage Systems, Inc.                                   | CUSIP: 00790RAA2<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1597401.60   | 0.15%             | 2027-09-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AIR CANADA                                  | Air Canada                                                        | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   2465000 | PA      | $2444772.21   | 0.23%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Aimco                                       | AIMCO CLO 10 Ltd.                                                 | CUSIP: 00901AAS6<br>LEI: 5493004I93856WYBB035 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003226.60   | 0.09%             | 2037-07-22      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                           | American Builders & Contractors Supply Co., Inc.                  | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |   2965000 | PA      | $2908125.37   | 0.27%             | 2028-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                      | American Honda Finance Corp.                                      | CUSIP: 02665WEX5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   4275000 | PA      | $4279933.35   | 0.40%             | 2026-01-09      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                      | American Honda Finance Corp.                                      | CUSIP: 02665WFV8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001336.00   | 0.09%             | 2026-05-21      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                         | American Tower Corp.                                              | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   4235000 | PA      | $4205401.59   | 0.39%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin              | GM Financial Automobile Leasing Trust 2025-3                      | CUSIP: 379965AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1340000 | PA      | $1344119.16   | 0.12%             | 2027-10-20      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin              | GM Financial Automobile Leasing Trust 2025-3                      | CUSIP: 379965AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2175000 | PA      | $2184311.18   | 0.20%             | 2028-08-21      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin              | GM Financial Automobile Leasing Trust 2024-3                      | CUSIP: 38012QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1347920 | PA      | $1348415.95   | 0.13%             | 2027-01-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US               | Goldentree Loan Management U.S. Clo 7 Ltd.                        | CUSIP: 38138MAG1<br>LEI: 549300DO8S88M0JNL340 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $495530.75    | 0.05%             | 2034-04-20      | Floating      | 12.34%                | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LT              | Golub Capital Partners CLO 74 B Ltd.                              | CUSIP: 38190BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2009251.40   | 0.19%             | 2037-07-25      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners Static               | Golub Capital Partners Static 2024-1 Ltd.                         | CUSIP: 381929AN8<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3102220.22   | 0.29%             | 2035-07-20      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                         | Elevance Health, Inc.                                             | CUSIP: 036752AB9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1936467.00   | 0.18%             | 2027-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                              | Apidos CLO XXIII                                                  | CUSIP: 03765YBG8<br>LEI: 635400C39IXGGYE6DH05 | Long             | ABS-CBDO         | CORP              | KY        |   4933701 | PA      | $4936626.30   | 0.46%             | 2033-04-15      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                    | Graphic Packaging International LLC                               | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1915750.00   | 0.18%             | 2028-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| H.B. FULLER CO                              | H.B. Fuller Co.                                                   | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1610043.75   | 0.15%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                              | Apidos CLO XXVIII                                                 | CUSIP: 03767CAU4<br>LEI: 549300QCAOUF4OXOI275 | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1763935.78   | 0.16%             | 2038-10-20      | Floating      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                              | Apidos CLO XXX                                                    | CUSIP: 03768CAW9<br>LEI: 2549001XBZ4DU4T7EC48 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1507375.80   | 0.14%             | 2031-10-18      | Floating      | 7.33%                 | Yes           |                  2 | On Loan: No      |
| APPLOVIN CORP                               | AppLovin Corp.                                                    | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   1551000 | PA      | $1587071.61   | 0.15%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                    | Archrock Partners LP / Archrock Partners Finance Corp.            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2685031.25   | 0.25%             | 2028-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| HPS Loan Management                         | HPS Loan Management 15-2019 Ltd.                                  | CUSIP: 40439EAJ5<br>LEI: 254900T9FXVALKHZXT96 | Long             | ABS-CBDO         | CORP              | JE        |   2250000 | PA      | $2261870.78   | 0.21%             | 2035-01-22      | Floating      | 11.13%                | Yes           |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Tru              | Harley-Davidson Motorcycle Trust 2024-A                           | CUSIP: 412922AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5055755.00   | 0.47%             | 2029-03-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                | Ares XXXIV CLO Ltd.                                               | CUSIP: 04015GBB4<br>LEI: 549300VDFIIXSFET0S73 | Long             | ABS-CBDO         | CORP              | KY        |   3800000 | PA      | $3811590.00   | 0.35%             | 2038-07-17      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                                | Ares XXXIX CLO Ltd.                                               | CUSIP: 04015WBL7<br>LEI: 5493005YAOTYJUJV3S58 | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3762168.75   | 0.35%             | 2037-07-18      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC                     | Aris Water Holdings LLC                                           | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1584786.00   | 0.15%             | 2030-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                         | Ashtead Capital, Inc.                                             | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000638.00   | 0.19%             | 2027-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                    | Hess Midstream Operations LP                                      | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1643000 | PA      | $1642424.95   | 0.15%             | 2028-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T              | Honda Auto Receivables 2025-2 Owner Trust                         | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1605000 | PA      | $1607803.94   | 0.15%             | 2028-01-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                     | Atlantica Sustainable Infrastructure Ltd.                         | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |   1672000 | PA      | $1626942.94   | 0.15%             | 2028-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                    | Avolon Holdings Funding Ltd.                                      | CUSIP: 05401AAX9<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1565000 | PA      | $1588122.88   | 0.15%             | 2030-01-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS 2019-BWAY Mortgage Trust                                    | CUSIP: 05492NAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2504262 | PA      | $1590206.36   | 0.15%             | 2034-11-15      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS 2019-BWAY Mortgage Trust                                    | CUSIP: 05492NAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $31500.00     | 0.00%             | 2034-11-15      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T              | Honda Auto Receivables 2024-2 Owner Trust                         | CUSIP: 437930AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4562212.50   | 0.42%             | 2028-11-20      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T              | Honda Auto Receivables 2023-3 Owner Trust                         | CUSIP: 43815QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3502832 | PA      | $3529389.98   | 0.33%             | 2028-02-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Tr              | BA Credit Card Trust                                              | CUSIP: 05522RDF2<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   5829000 | PA      | $5834595.84   | 0.54%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Tr              | BA Credit Card Trust                                              | CUSIP: 05522RDG0<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   4320000 | PA      | $4342243.68   | 0.40%             | 2028-05-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                          | BMW U.S. Capital LLC                                              | CUSIP: 05565EBJ3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1101314.25   | 0.10%             | 2029-04-18      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| BPR Trust                                   | BPR Trust 2021-WILL                                               | CUSIP: 05591VAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $995764.00    | 0.09%             | 2038-06-15      | Floating      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt              | Benefit Street Partners CLO XVII Ltd.                             | CUSIP: 08182BBE7<br>LEI: 5493001ND55H5MJDIQ39 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004314.90   | 0.09%             | 2037-10-15      | Floating      | 7.47%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt              | Benefit Street Partners CLO XVIII Ltd.                            | CUSIP: 08186PAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1850000 | PA      | $1853034.93   | 0.17%             | 2034-10-15      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T              | Honda Auto Receivables 2023-3 Owner Trust                         | CUSIP: 43815QAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4569196.50   | 0.42%             | 2029-12-18      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HPS Loan Management Ltd                     | Highbridge Loan Management 5-2015 Ltd.                            | CUSIP: 44331DAY5<br>LEI: 54930067MZ9NV8B3SZ80 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997651.00    | 0.09%             | 2030-10-15      | Floating      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt              | Benefit Street Partners CLO XVIII Ltd.                            | CUSIP: 08186QAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007822.10   | 0.09%             | 2034-10-15      | Floating      | 11.33%                | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                             | CVS Health Corp.                                                  | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1501195.50   | 0.14%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| EUR FORWARD PALMER CONTRACT 7/23/2026   /   | EUR FORWARD PALMER CONTRACT 7/23/2026   /                         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -4250000 | OU      | $-5060497.62  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| CALPINE CORP                                | Calpine Corp.                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   1301000 | PA      | $1301000.00   | 0.12%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                     | Hyundai Capital America                                           | CUSIP: 44891AAK3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2446000 | PA      | $2410948.82   | 0.22%             | 2026-09-27      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust              | Hyundai Auto Receivables Trust 2023-C                             | CUSIP: 44918CAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4192546 | PA      | $4237930.50   | 0.39%             | 2028-10-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execut              | Capital One Multi-Asset Execution Trust                           | CUSIP: 14041NGB1<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |   3925000 | PA      | $3926346.28   | 0.36%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                            | COLT 2021-4 Mortgage Loan Trust                                   | CUSIP: 19688GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4506939 | PA      | $3871320.56   | 0.36%             | 2066-10-25      | Variable      | 1.40%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat              | Hyundai Auto Lease Securitization Trust 2024-B                    | CUSIP: 44934FAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4532800.50   | 0.42%             | 2027-05-17      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                                | Voya CLO 2013-1 Ltd.                                              | CUSIP: 92917CAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002774.00   | 0.09%             | 2030-10-15      | Floating      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC                            | COLT 2022-1 Mortgage Loan Trust                                   | CUSIP: 19688HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4369482 | PA      | $3957186.83   | 0.37%             | 2066-12-27      | Variable      | 2.28%                 | Yes           |                  2 | On Loan: No      |
| EUR FORWARD PALMER CONTRACT 03/19/2027   /  | EUR FORWARD PALMER CONTRACT 03/19/2027   /                        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1875000 | OU      | $-2250055.50  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                | Voya CLO 2018-3 Ltd.                                              | CUSIP: 92917KAE4<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |    525000 | PA      | $525000.00    | 0.05%             | 2031-10-15      | Floating      | 7.58%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                                | Voya CLO 2018-3 Ltd.                                              | CUSIP: 92917KAW4<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.00   | 0.14%             | 2031-10-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| EUR FORWARD PALMER CONTRACT 12/02/2025   /  | EUR FORWARD PALMER CONTRACT 12/02/2025   /                        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2000000 | OU      | $-2356723.02  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| COMCAST CORP                                | Comcast Corp.                                                     | CUSIP: 20030NEA5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   4150000 | PA      | $4265851.40   | 0.40%             | 2027-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CreekSource (Dunes Creek) CLO               | Creeksource 2024-1 Dunes Creek Clo Ltd.                           | CUSIP: 225914AJ9<br>LEI: 254900CZYOXX4AZ15302 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1264039.75   | 0.12%             | 2038-01-15      | Floating      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| Crestline Denali CLO XV, Ltd.               | Crestline Denali CLO XV Ltd.                                      | CUSIP: 22616CAG8<br>LEI: 254900I3X14OTGXOC969 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $803140.72    | 0.07%             | 2030-04-20      | Floating      | 8.32%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                                | Voya CLO 2020-3 Ltd.                                              | CUSIP: 92918NAY3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505173.35   | 0.14%             | 2038-01-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                                | Voya CLO 2021-3 Ltd.                                              | CUSIP: 92919DAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3007950.00   | 0.28%             | 2038-04-15      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                                | Voya CLO 2022-3 Ltd.                                              | CUSIP: 92919WAF3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1250000 | PA      | $1264041.75   | 0.12%             | 2036-10-20      | Floating      | 12.33%                | Yes           |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                        | Waste Management, Inc.                                            | CUSIP: 94106LBV0<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   4296000 | PA      | $4413078.89   | 0.41%             | 2029-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CROWN AMER/CAP CORP V                       | Crown Americas LLC / Crown Americas Capital Corp. V               | CUSIP: 22819KAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1777497.65   | 0.17%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DLLAA LLC                                   | DLLAA 2023-1 LLC                                                  | CUSIP: 23292HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3668734 | PA      | $3716375.69   | 0.35%             | 2028-02-22      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| DTE ENERGY CO                               | DTE Energy Co.                                                    | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   3910000 | PA      | $3960595.40   | 0.37%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                     | John Deere Capital Corp.                                          | CUSIP: 24422EXL8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   4265000 | PA      | $4269926.08   | 0.40%             | 2026-03-06      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                | Dell Equipment Finance Trust 2023-1                               | CUSIP: 24702HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1009035 | PA      | $1010576.78   | 0.09%             | 2028-09-22      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                     | Dell International LLC / EMC Corp.                                | CUSIP: 24703DBJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2759540.40   | 0.26%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                            | Whitebox Clo II Ltd.                                              | CUSIP: 96466CAW8<br>LEI: 549300C89ZJ5IWOT1F21 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002842.50   | 0.09%             | 2037-10-24      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Whitebox CLO Ltd                            | Whitebox CLO IV Ltd.                                              | CUSIP: 96467KAU3<br>LEI: 549300SN372GTCE2YI66 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002814.10   | 0.09%             | 2036-04-20      | Floating      | 8.23%                 | Yes           |                  2 | On Loan: No      |
| Discover Card Execution Note T              | Discover Card Execution Note Trust                                | CUSIP: 254683CQ6<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |   3850000 | PA      | $3747751.70   | 0.35%             | 2028-09-15      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note T              | Discover Card Execution Note Trust                                | CUSIP: 254683CX1<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |   1420000 | PA      | $1420444.46   | 0.13%             | 2027-10-15      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                            | Whitebox Clo V Ltd.                                               | CUSIP: 96467PAE8<br>LEI: 254900XFXCOZ882U2O02 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1006211.40   | 0.09%             | 2038-07-20      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Worldwide Plaza Trust                       | Worldwide Plaza Trust 2017-WWP                                    | CUSIP: 98162JAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1575000 | PA      | $70136.33     | 0.01%             | 2036-11-10      | Variable      | 3.72%                 | Yes           |                  2 | On Loan: No      |
| Discover Card Execution Note T              | Discover Card Execution Note Trust                                | CUSIP: 254683CY9<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |   4295000 | PA      | $4300218.43   | 0.40%             | 2028-03-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                     | Dryden 41 Senior Loan Fund                                        | CUSIP: 26244KAU0<br>LEI: 5493000CMI5L15ZSNM78 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005127.10   | 0.09%             | 2031-04-15      | Floating      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                     | Dryden 49 Senior Loan Fund                                        | CUSIP: 26244QAU7<br>LEI: 549300VCB8LYR1RGV869 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503513.75   | 0.14%             | 2030-07-18      | Floating      | 7.99%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                     | Dryden 80 CLO Ltd.                                                | CUSIP: 26245JBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000036.40   | 0.19%             | 2033-01-17      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr              | World Omni Auto Receivables Trust 2024-A                          | CUSIP: 98164RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4908000 | PA      | $4939082.36   | 0.46%             | 2029-03-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr              | World Omni Auto Receivables Trust 2025-C                          | CUSIP: 981936AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2745000 | PA      | $2755499.63   | 0.26%             | 2030-11-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                     | Dryden 86 CLO Ltd.                                                | CUSIP: 26245XAU1<br>LEI: 25490017VKY7XEFZL303 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003000.00   | 0.09%             | 2034-07-17      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CORP                            | Duke Energy Corp.                                                 | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1639009.35   | 0.15%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Se              | World Omni Automobile Lease Securitization Trust 2024-A           | CUSIP: 981946AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3820000 | PA      | $3858646.94   | 0.36%             | 2027-10-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                    | Wyndham Hotels & Resorts, Inc.                                    | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2735311.60   | 0.25%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance CDO Ltd                         | Eaton Vance CLO 2013-1 Ltd.                                       | CUSIP: 27830BCG7<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1011425.10   | 0.09%             | 2038-10-15      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| Eaton Vance CDO Ltd                         | Eaton Vance Clo 2015-1 Ltd.                                       | CUSIP: 27830KBA1<br>LEI: 5493008YP5U5LTXAO749 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1506019.35   | 0.14%             | 2030-01-20      | Floating      | 7.09%                 | Yes           |                  2 | On Loan: No      |
| EURO FORWARD PALMER CONTRACT 11/17/2025   / | EURO FORWARD PALMER CONTRACT 11/17/2025   /                       | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -5838750 | OU      | $-6870181.85  | -0.64%            |  |  |  | No            |                  2 | On Loan: No      |
| MATTERHORN TELECOM SA                       | Matterhorn Telecom S.A.                                           | CUSIP: 298531151<br>LEI: 549300MTB0YI26SMUT22 | Long             | DBT              | CORP              | LU        |    750000 | PA      | $905773.36    | 0.08%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Eaton Vance CDO Ltd                         | Eaton Vance CLO 2020-2 Ltd.                                       | CUSIP: 27830RAG4<br>LEI: 549300FU3GAH1NNHOO94 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1012498.30   | 0.09%             | 2037-10-15      | Floating      | 10.82%                | Yes           |                  2 | On Loan: No      |
| Elevation CLO Ltd                           | Elevation CLO 2018-10 Ltd.                                        | CUSIP: 28623CAL5<br>LEI: 5493005Q4N14IP6ASK07 | Long             | ABS-CBDO         | CORP              | KY        |    938366 | PA      | $939454.18    | 0.09%             | 2031-10-20      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CIFC European Funding CLO                   | CIFC European Funding CLO III DAC                                 | CUSIP: BCC2QB6H0<br>LEI: 5493000EF0244RPYUG32 | Long             | ABS-CBDO         | CORP              | IE        |   2800000 | PA      | $3295277.53   | 0.31%             | 2034-01-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers              | Neuberger Berman Loan Advisers Euro CLO                           | CUSIP: BCC2QMIT7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $1175201.34   | 0.11%             | 2034-04-17      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VI Ltd.                         | Elmwood CLO VI Ltd.                                               | CUSIP: 29001VAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5017464.00   | 0.47%             | 2037-07-18      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO III Ltd                         | Elmwood CLO III Ltd.                                              | CUSIP: 29002HAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1754842.43   | 0.16%             | 2037-07-18      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO X Ltd                           | Elmwood CLO X Ltd.                                                | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005196.00   | 0.09%             | 2038-07-20      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO X Ltd                           | Elmwood CLO X Ltd.                                                | CUSIP: 29002VBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1517540.55   | 0.14%             | 2038-07-20      | Floating      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| Harvest CLO                                 | Harvest CLO XVI DAC                                               | CUSIP: BCC2QVDE5<br>LEI: 635400HU8ASOJYEX2I14 | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $1174301.83   | 0.11%             | 2031-10-15      | Floating      | 3.33%                 | Yes           |                  2 | On Loan: No      |
| GoldenTree Loan Management EUR              | GoldenTree Loan Management EUR CLO 5 DAC                          | CUSIP: 999999999<br>LEI: 549300CU7V3RVI7QLH51 | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $1167391.05   | 0.11%             | 2034-04-20      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO IX Ltd                          | Elmwood CLO IX Ltd.                                               | CUSIP: 29003UAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005475.00   | 0.09%             | 2038-04-20      | Floating      | 6.98%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO 14 Ltd                          | Elmwood CLO 14 Ltd.                                               | CUSIP: 29003WAL9<br>LEI: 254900OL3XXZ9LCM4Q21 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2010715.00   | 0.19%             | 2038-10-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO 14 Ltd                          | Elmwood CLO 14 Ltd.                                               | CUSIP: 29003WAQ8<br>LEI: 254900OL3XXZ9LCM4Q21 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2010293.80   | 0.19%             | 2038-10-20      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Empower CLO Ltd.                            | Empower CLO 2025-1 Ltd.                                           | CUSIP: 29249DAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008564.80   | 0.09%             | 2038-07-20      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| Barings Euro CLO DAC                        | Barings Euro CLO 2015-1 DAC                                       | CUSIP: 999999999<br>LEI: 635400AW6SPWCAGJKI82 | Long             | ABS-CBDO         | CORP              | IE        |   3500000 | PA      | $4110502.23   | 0.38%             | 2035-07-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| VOYA EURO CLO                               | Voya Euro CLO I DAC                                               | CUSIP: 999999999<br>LEI: 635400EFYWXM2GM8RL10 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2372418.88   | 0.22%             | 2037-10-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| ENBRIDGE INC                                | Enbridge, Inc.                                                    | CUSIP: 29250NAR6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2700000 | PA      | $2678643.00   | 0.25%             | 2027-07-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                | Entegris, Inc.                                                    | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   3765000 | PA      | $3736736.15   | 0.35%             | 2029-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Avoca CLO                                   | Avoca CLO XXXII DAC                                               | CUSIP: 999999999<br>LEI: 635400HVHHJPCXB66K47 | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1769920.05   | 0.16%             | 2039-04-15      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Dryden Leveraged Loan CDO                   | Dryden 124 Euro CLO 2024 DAC                                      | CUSIP: 999999999<br>LEI: 635400RDROM1HAXVJU40 | Long             | ABS-CBDO         | CORP              | IE        |   2500000 | PA      | $2949076.95   | 0.27%             | 2037-12-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| EUR FORWARD PALMER CONTRACT 03/27/2026   /  | EUR FORWARD PALMER CONTRACT 03/27/2026   /                        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1500000 | OU      | $-1777922.70  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| EUR FORWARD PALMER CONTRACT 12/05/2025   /  | EUR FORWARD PALMER CONTRACT 12/05/2025   /                        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2250000 | OU      | $-2651784.20  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| Voya Euro CLO                               | Voya Euro Clo IX DAC                                              | CUSIP: BCC3N7HK1<br>LEI: 254900AKUU9IHYZWTU14 | Long             | ABS-CBDO         | CORP              | IE        |   1875000 | PA      | $2204309.26   | 0.20%             | 2038-10-15      | Floating      | 3.87%                 | No            |                  3 | On Loan: No      |
| Cordatus CLO PLC                            | CVC Cordatus Loan Fund XXXVI DAC                                  | CUSIP: 999999999<br>LEI: 254900GSFR5E0TT89K39 | Long             | ABS-CBDO         | CORP              | IE        |   1750000 | PA      | $2064338.46   | 0.19%             | 2038-10-20      | Floating      | 4.06%                 | No            |                  3 | On Loan: No      |
| EVERSOURCE ENERGY                           | Eversource Energy                                                 | CUSIP: 30040WAT5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2260306.40   | 0.21%             | 2028-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                     | Fannie Mae Grantor Trust 2004-T5                                  | CUSIP: 31394AXY7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    581619 | PA      | $572039.49    | 0.05%             | 2035-05-28      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                       | Quikrete Holdings, Inc.                                           | CUSIP: BL4989184<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   1496250 | PA      | $1497013.09   | 0.14%             | 2032-02-10      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                   | IQVIA, Inc.                                                       | CUSIP: 999999999<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1135363.94   | 0.11%             | 2029-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T              | Ellington Financial Mortgage Trust 2021-2                         | CUSIP: 31572LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3750010 | PA      | $3160985.09   | 0.29%             | 2066-06-25      | Variable      | 0.93%                 | Yes           |                  2 | On Loan: No      |
| Ellington Financial Mortgage T              | Ellington Financial Mortgage Trust 2021-3                         | CUSIP: 31573JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3805797 | PA      | $3197668.57   | 0.30%             | 2066-09-25      | Variable      | 1.24%                 | Yes           |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                    | Elanco Animal Health, Inc.                                        | CUSIP: 999999999<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |   2067880 | PA      | $2067931.37   | 0.19%             | 2027-08-02      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| PCI GAMING AUTHORITY                        | PCI Gaming Authority                                              | CUSIP: 70455DAG9<br>LEI: 549300KPXAJ1LRW5LP59 | Long             | LON              | CORP              | US        |   1488722 | PA      | $1487560.60   | 0.14%             | 2026-05-29      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                  | Fiserv, Inc.                                                      | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2136801.15   | 0.20%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                         | 522 Funding CLO 2019-5 Ltd.                                       | CUSIP: 33829UAA1<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1462967.55   | 0.14%             | 2035-04-15      | Floating      | 11.08%                | Yes           |                  2 | On Loan: No      |
| EFS COGEN HOLDINGS I LLC                    | EFS Cogen Holdings I LLC                                          | CUSIP: 999999999<br>LEI: 549300KDKPYR8NXXKI52 | Long             | LON              | CORP              | US        |   1325947 | PA      | $1336203.46   | 0.12%             | 2027-10-01      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                    | Northriver Midstream Finance LP                                   | CUSIP: 66679PAB1<br>LEI: 549300SOLNLY3BL6GF18 | Long             | LON              | CORP              | CA        |    994739 | PA      | $996494.99    | 0.09%             | 2030-08-16      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                         | 522 Funding CLO 2019-5 Ltd.                                       | CUSIP: 33829WAC3<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |   6500000 | PA      | $6526531.05   | 0.61%             | 2035-04-15      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2021-2                                    | CUSIP: 33852EAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2845408 | PA      | $2555281.89   | 0.24%             | 2051-04-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| IRON MOUNTAIN INFORMATIO                    | Iron Mountain Information Management LLC                          | CUSIP: 46284NAV1<br>LEI: 5493009M0X1LQXGBWV02 | Long             | LON              | CORP              | US        |    992424 | PA      | $994285.05    | 0.09%             | 2031-01-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| WEC US HOLDINGS INC                         | WEC U.S. Holdings, Inc.                                           | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    994975 | PA      | $996422.57    | 0.09%             | 2031-01-27      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                            | Flatiron CLO 24 Ltd.                                              | CUSIP: 33882HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1023080.30   | 0.10%             | 2037-01-15      | Floating      | 12.15%                | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat              | Hyundai Auto Lease Securitization Trust 2025-C                    | CUSIP: 44935GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3205000 | PA      | $3221089.10   | 0.30%             | 2028-01-18      | Fixed         | 4.37%                 | Yes           |                  2 | On Loan: No      |
| MITER BRANDS ACQUISITION                    | MITER Brands Acquisition Holdco, Inc.                             | CUSIP: 55336CAK8<br>LEI: 254900X3SPV5RVFJEY72 | Long             | LON              | CORP              | US        |   1806750 | PA      | $1815657.28   | 0.17%             | 2031-03-28      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                               | TransDigm, Inc.                                                   | CUSIP: 89364MCB8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1994949 | PA      | $1995238.76   | 0.19%             | 2030-03-22      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust              | Hyundai Auto Receivables Trust 2025-B                             | CUSIP: 44935XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1205000 | PA      | $1210082.69   | 0.11%             | 2028-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                    | Icon Investments Six DAC                                          | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   4000000 | PA      | $4083216.00   | 0.38%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| JANUS INTERNATIONAL GROUP                   | Janus International Group LLC                                     | CUSIP: 47102DAN9<br>LEI: 549300EG57ZJJG8NC776 | Long             | LON              | CORP              | US        |   1157059 | PA      | $1161375.15   | 0.11%             | 2030-08-05      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| CORE & MAIN LP                              | Core & Main LP                                                    | CUSIP: 40416VAG0<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |   1486887 | PA      | $1489518.31   | 0.14%             | 2028-07-27      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| IRIDIUM SATELLITE LLC                       | Iridium Satellite LLC                                             | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |   1346817 | PA      | $1279106.06   | 0.12%             | 2030-09-20      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                    | Intercontinental Exchange, Inc.                                   | CUSIP: 45866FAU8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3000840.00   | 0.28%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                      | Brightstar Lottery PLC                                            | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1325000 | PA      | $1323343.75   | 0.12%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                   | IQVIA, Inc.                                                       | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1405390.00   | 0.13%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                           | Iron Mountain, Inc.                                               | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498750.00    | 0.05%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| John Deere Owner Trust                      | John Deere Owner Trust 2022-C                                     | CUSIP: 47800BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    490171 | PA      | $491847.16    | 0.05%             | 2027-06-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                      | John Deere Owner Trust 2025                                       | CUSIP: 47800DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1335000 | PA      | $1337707.38   | 0.12%             | 2028-03-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Milos CLO, LTD                              | Milos CLO Ltd.                                                    | CUSIP: 60162PAE2<br>LEI: 254900GFWI4EEB8IJS18 | Long             | ABS-CBDO         | CORP              | KY        |    565142 | PA      | $565458.83    | 0.05%             | 2030-10-20      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                      | Mondelez International, Inc.                                      | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2449072.50   | 0.23%             | 2027-03-17      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTL HLDINGS NE                    | Mondelez International Holdings Netherlands B.V.                  | CUSIP: 60920LAR5<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |   1720000 | PA      | $1674294.44   | 0.16%             | 2026-09-24      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Eaton Vance CLO              | Morgan Stanley Eaton Vance CLO 2022-16 LLC                        | CUSIP: 61774KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2524589.75   | 0.23%             | 2035-04-15      | Floating      | 11.17%                | Yes           |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO                           | Mountain View Clo XIV Ltd.                                        | CUSIP: 62432MAW9<br>LEI: 549300IB1UGD5G8HYT10 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504094.10   | 0.14%             | 2034-10-15      | Floating      | 8.52%                 | Yes           |                  2 | On Loan: No      |
| MUELLER WATER PRODUCTS                      | Mueller Water Products, Inc.                                      | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |   1061000 | PA      | $1022674.56   | 0.09%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                         | Medline Borrower LP                                               | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1134085.33   | 0.11%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NGPL PIPECO LLC                             | NGPL PipeCo LLC                                                   | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1403675.00   | 0.13%             | 2027-08-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                              | NRG Energy, Inc.                                                  | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1106815.60   | 0.10%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NYO Commercial Mortgage Trust               | NYO Commercial Mortgage Trust 2021-1290                           | CUSIP: 62955HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2880000 | PA      | $2872448.64   | 0.27%             | 2038-11-15      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| NETFLIX INC                                 | Netflix, Inc.                                                     | CUSIP: 64110LAS5<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4344078.00   | 0.40%             | 2028-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman Loan Advisers CLO 28 Ltd.                        | CUSIP: 64130PAU7<br>LEI: 5493008C5LSWKG3UQ392 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003689.70   | 0.09%             | 2038-10-20      | Floating      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman CLO XXII Ltd.                                    | CUSIP: 64131CAG6<br>LEI: 549300FFV1EYI8ON7P41 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1024181.30   | 0.10%             | 2038-04-15      | Floating      | 11.15%                | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman CLO XVI-S Ltd.                                   | CUSIP: 64131TAY0<br>LEI: 549300UHUHCR3388B324 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5010013.50   | 0.47%             | 2039-04-15      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman CLO XVI-S Ltd.                                   | CUSIP: 64131TBG8<br>LEI: 549300UHUHCR3388B324 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008187.20   | 0.09%             | 2039-04-15      | Floating      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| New Mountain CLO Ltd                        | New Mountain CLO 4 Ltd.                                           | CUSIP: 64754JAW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1000000 | PA      | $1007906.30   | 0.09%             | 2038-03-20      | Floating      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| New Mountain CLO Ltd                        | New Mountain CLO 6 Ltd.                                           | CUSIP: 647908AG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1756461.88   | 0.16%             | 2037-10-15      | Floating      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings, Inc.                             | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3471800.50   | 0.32%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings, Inc.                             | CUSIP: 65339KCR9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    890000 | PA      | $891619.80    | 0.08%             | 2026-01-29      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE LP                      | XPLR Infrastructure LP                                            | CUSIP: 65341BAG1<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1216987.50   | 0.11%             | 2026-06-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                      | XPLR Infrastructure Operating Partners LP                         | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    861000 | PA      | $844856.25    | 0.08%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner               | Nissan Auto Receivables 2024-A Owner Trust                        | CUSIP: 65479UAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4400000 | PA      | $4452610.80   | 0.41%             | 2028-12-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner               | Nissan Auto Receivables 2021-A Owner Trust                        | CUSIP: 65480BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    659094 | PA      | $658063.18    | 0.06%             | 2027-09-15      | Fixed         | 0.57%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                     | Nissan Auto Lease Trust 2024-B                                    | CUSIP: 65481DAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3802318 | PA      | $3819778.51   | 0.35%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                | Novelis Corp.                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    960000 | PA      | $876017.28    | 0.08%             | 2031-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2017-13 Ltd.                                              | CUSIP: 67097LAV8<br>LEI: 254900M77QLN2EBJHE11 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3510126.20   | 0.33%             | 2037-11-26      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2017-14 Ltd.                                              | CUSIP: 67097QAN5<br>LEI: 25490025Q5WQX513IQ05 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3008178.00   | 0.28%             | 2037-07-20      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2014-5 Ltd.                                               | CUSIP: 67102SAL8<br>LEI: 254900NXH68CRC058O44 | Long             | ABS-CBDO         | CORP              | KY        |     99656 | PA      | $99715.82     | 0.01%             | 2031-04-26      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| OZLM Ltd                                    | OZLM VI Ltd.                                                      | CUSIP: 67108LBR3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006969.80   | 0.19%             | 2031-04-17      | Floating      | 7.22%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2020-INV1 Trust                                               | CUSIP: 67113CAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1038987 | PA      | $987080.93    | 0.09%             | 2049-12-25      | Floating      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Volvo Financial Equipment LLC               | Volvo Financial Equipment LLC Series 2025-2                       | CUSIP: 92886CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1790000 | PA      | $1789977.63   | 0.17%             | 2028-06-15      | Fixed         | 3.96%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP Clo 2019-17 Ltd.                                              | CUSIP: 67113LAY2<br>LEI: 2549003HLFPQ7ATPYA23 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505994.45   | 0.14%             | 2037-07-20      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2022-25 Ltd.                                              | CUSIP: 67115CAL8<br>LEI: 254900V271655KJK1382 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4012947.20   | 0.37%             | 2037-07-20      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                                | Voya CLO 2015-3 Ltd.                                              | CUSIP: 92913UBJ4<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |   2060000 | PA      | $2062222.53   | 0.19%             | 2031-10-20      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                                | VOYA CLO 2017-2                                                   | CUSIP: 92915UAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    107098 | PA      | $107124.52    | 0.01%             | 2030-06-07      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2024-32 Ltd.                                              | CUSIP: 67570CAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1527932.85   | 0.14%             | 2037-04-23      | Fixed         | 9.05%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2024-32 Ltd.                                              | CUSIP: 67570DAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    895000 | PA      | $908964.69    | 0.08%             | 2037-04-23      | Floating      | 11.08%                | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                                | Voya CLO 2017-1 Ltd.                                              | CUSIP: 92916MAD3<br>LEI: 54930054YW6PM1FPVU95 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1256263.63   | 0.12%             | 2030-04-17      | Floating      | 7.91%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                                | Voya CLO 2013-2 Ltd.                                              | CUSIP: 92916WAJ8<br>LEI: 5493007ASGBOUR3XJY69 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2009773.40   | 0.19%             | 2031-04-25      | Floating      | 7.33%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2020-18 Ltd.                                              | CUSIP: 67570TAN5<br>LEI: 254900MN6N176YEZLX15 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1018873.80   | 0.09%             | 2037-07-20      | Floating      | 10.58%                | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XX              | Octagon Investment Partners XXII Ltd.                             | CUSIP: 67572YBW1<br>LEI: 549300MQ9W5DWZ8QX450 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $753023.33    | 0.07%             | 2030-01-22      | Floating      | 7.34%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners 44              | Octagon Investment Partners 44 Ltd.                               | CUSIP: 67577LAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3005868.30   | 0.28%             | 2034-10-15      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                       | ON Semiconductor Corp.                                            | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   1253000 | PA      | $1217617.79   | 0.11%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note                                       | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22950000 | PA      | $22892166.00  | 2.13%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note                                       | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19075000 | PA      | $19285130.20  | 1.79%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                    | 1011778 BC ULC / New Red Finance, Inc.                            | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    900000 | PA      | $879690.60    | 0.08%             | 2028-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                    | 1011778 BC ULC / New Red Finance, Inc.                            | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1275000 | PA      | $1254614.03   | 0.12%             | 2028-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ONEOK INC                                   | ONEOK, Inc.                                                       | CUSIP: 682680BR3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2926778.40   | 0.27%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp.                                                      | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3725000 | PA      | $3562020.08   | 0.33%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp.                                                      | CUSIP: 68389XCX1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1835524.78   | 0.17%             | 2028-08-03      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                        | Parker-Hannifin Corp.                                             | CUSIP: 701094AR5<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2059827.70   | 0.19%             | 2027-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VOC ESCROW LTD                              | VOC Escrow Ltd.                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1309000 | PA      | $1309000.00   | 0.12%             | 2028-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Venture CDO Ltd                             | Venture 38 CLO Ltd.                                               | CUSIP: 92332NBC8<br>LEI: 549300EM6DS6KQH1HN07 | Long             | ABS-CBDO         | CORP              | KY        |   1520465 | PA      | $1516964.24   | 0.14%             | 2032-07-30      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                     | Pfizer Investment Enterprises Pte Ltd.                            | CUSIP: 716973AC6<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   4075000 | PA      | $4122098.85   | 0.38%             | 2028-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Porsche Financial Auto Securit              | Porsche Financial Auto Securitization Trust 2024-1                | CUSIP: 73328EAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3520247.50   | 0.33%             | 2030-01-22      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| VERALTO CORP                                | Veralto Corp.                                                     | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   4775000 | PA      | $4834486.95   | 0.45%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verdelite Static CLO Ltd                    | Verdelite Static CLO 2024-1 Ltd.                                  | CUSIP: 92338VAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1250000 | PA      | $1253435.25   | 0.12%             | 2032-07-20      | Floating      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                      | Verizon Communications, Inc.                                      | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2027476.58   | 0.19%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                      | Verizon Communications, Inc.                                      | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2860000 | PA      | $2880969.52   | 0.27%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner              | Porsche Innovative Lease Owner Trust 2025-1                       | CUSIP: 73329KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1080000 | PA      | $1083623.40   | 0.10%             | 2027-12-20      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| Post CLO LTD                                | Post CLO 2018-1 Ltd.                                              | CUSIP: 73742DAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008060.40   | 0.09%             | 2037-10-16      | Floating      | 7.72%                 | Yes           |                  2 | On Loan: No      |
| Post CLO LTD                                | Post CLO 2021-1 Ltd.                                              | CUSIP: 73742FAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1248551.38   | 0.12%             | 2034-10-15      | Floating      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| Post CLO LTD                                | Post CLO VI Ltd.                                                  | CUSIP: 73742WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1020598.80   | 0.09%             | 2038-01-20      | Floating      | 10.83%                | Yes           |                  2 | On Loan: No      |
| Post CLO LTD                                | Post CLO 2022-1 Ltd.                                              | CUSIP: 73742YAA3<br>LEI: 5493007CUC7FI0ONIF25 | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4517429.40   | 0.42%             | 2035-04-20      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Verizon Master Trust                        | Verizon Master Trust                                              | CUSIP: 92348KCL5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   4941000 | PA      | $4950303.90   | 0.46%             | 2028-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                    | Vertiv Group Corp.                                                | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   2734000 | PA      | $2673042.74   | 0.25%             | 2028-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2021-5                                 | CUSIP: 92538KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1301427 | PA      | $1135747.28   | 0.11%             | 2066-09-25      | Variable      | 1.01%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co. LLC                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2667093.75   | 0.25%             | 2029-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced               | Volkswagen Auto Loan Enhanced Trust 2024-1                        | CUSIP: 92868RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2202910 | PA      | $2208510.01   | 0.21%             | 2027-11-22      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                 | Volkswagen Auto Lease Trust 2025-A                                | CUSIP: 92868WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2525000 | PA      | $2538435.53   | 0.24%             | 2027-12-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                 | Volkswagen Auto Lease Trust 2025-A                                | CUSIP: 92868WAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5330000 | PA      | $5396598.35   | 0.50%             | 2030-03-20      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                     | BMW Vehicle Lease Trust 2023-2                                    | CUSIP: 055979AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68386 | PA      | $68508.46     | 0.01%             | 2026-09-25      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2022-CLS                                                 | CUSIP: 05609XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2016312.00   | 0.19%             | 2027-10-13      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Babson CLO Ltd                              | Barings CLO Ltd. 2015-I                                           | CUSIP: 056162AN0<br>LEI: 549300QR3VQZ1T0JUI29 | Long             | ABS-CBDO         | CORP              | KY        |    471739 | PA      | $472080.48    | 0.04%             | 2031-01-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit              | Bain Capital Credit CLO 2018-2                                    | CUSIP: 05682VAU9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1506882.90   | 0.14%             | 2031-07-19      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit              | Bain Capital Credit CLO 2023-1 Ltd.                               | CUSIP: 05685NAN0<br>LEI: 549300OV3LSQ8RJ1DY13 | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $3017250.00   | 0.28%             | 2038-07-16      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit              | Bain Capital Credit CLO 2023-1 Ltd.                               | CUSIP: 05685NAW0<br>LEI: 549300OV3LSQ8RJ1DY13 | Long             | ABS-CBDO         | CORP              | JE        |   1250000 | PA      | $1264532.38   | 0.12%             | 2038-07-16      | Floating      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock Ltd                               | Ballyrock CLO 24 Ltd.                                             | CUSIP: 05875AAL2<br>LEI: 254900B0CDDYIJW8YL36 | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1508511.75   | 0.14%             | 2038-07-15      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock Ltd                               | Ballyrock CLO 2019-2 Ltd.                                         | CUSIP: 05875MBK7<br>LEI: 254900IF22Z7SA13VI60 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.09%             | 2038-10-25      | Floating      | 7.63%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock Ltd                               | Ballyrock CLO 2019-2 Ltd.                                         | CUSIP: 999999999<br>LEI: 254900IF22Z7SA13VI60 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.05%             | 2038-10-25      | Floating      | 7.63%                 | Yes           |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                  | Barings Equipment Finance LLC 2025-A                              | CUSIP: 06764MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3900679 | PA      | $3923662.18   | 0.36%             | 2028-10-13      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| Battalion CLO LTD                           | Battalion Clo XV Ltd.                                             | CUSIP: 07131AAM6<br>LEI: 549300CJP8HGT746II19 | Long             | ABS-CBDO         | CORP              | KY        |   1378151 | PA      | $1379182.42   | 0.13%             | 2033-01-17      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Battalion CLO LTD                           | Battalion Clo XV Ltd.                                             | CUSIP: 07131AAR5<br>LEI: 549300CJP8HGT746II19 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000125.00   | 0.09%             | 2033-01-17      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Battalion CLO LTD                           | Battalion CLO X Ltd.                                              | CUSIP: 07132JBJ2<br>LEI: 549300RRK5G3IT4Y7N27 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1986569.80   | 0.18%             | 2035-01-25      | Floating      | 8.03%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** INVESTMENT MANAGERS SERIES TRUST

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President