# EDGAR Filing Document

**Accession Number:** 0001699360
**File Stem:** 0002066578-26-002237
**Filing Date:** 2026-6
**Character Count:** 263984
**Document Hash:** ce52bc23d5e322d143aac72134c77dc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-002237.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0002066578-26-002237

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morningstar Funds Trust
- **CENTRAL INDEX KEY:** 0001699360

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23235
- **FILM NUMBER:** 261128075

**BUSINESS ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 312-696-6000

**MAIL ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

## Series and Classes Contracts Data

### Morningstar Global Income Fund (Series ID: S000057729)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000186140 | Institutional | MSTGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Morningstar Funds Trust

- **b. Investment Company Act file number:** 811-23235

- **c. CIK number of Registrant:** 0001699360

- **d. LEI of Registrant:** 254900AE65UZA65M0T82

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

  - **Street Address 1:** 22 W. WASHINGTON STREET

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60602

  - **Telephone number:** 312-696-6000

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

- **a. Name of Series:** Morningstar Global Income Fund

- **b. EDGAR series identifier (if any):** S000057729

- **c. LEI of Series:** 254900KWJANYEXMVH449

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-04-30

**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:** $147645590.09

**Total Liabilities:** $2129447.78

**Net Assets:** $145516142.31

**Delayed Delivery Securities:** $1132941.60

**Cash Not Reported:** $232847.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 18.687320410868 | **1-Year:** 376.450192874643 | **5-Year:** 1613.178471648516 | **10-Year:** 2501.483234578059 | **30-Year:** 1565.143673210432

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

- **3-Month:** 311.240591627077 | **1-Year:** 1206.058321889649 | **5-Year:** 4585.307653628650 | **10-Year:** 2172.987130494631 | **30-Year:** 386.305119439741

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186140 | 3.72%                | -3.54%               | 2.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $682265.57               | $4013130.44                                |
| Month 2  | $946954.56               | $-6490159.02                               |
| Month 3  | $718636.73               | $1736774.48                                |

**Designated Index Information**

- **Index Name:** 50% Morningstar Global Markets NR Index, 50% Bloomberg Multiverse TR Index

- **Index Identifier:** 50% F00000VN9R, 50% XIUSA04GRK

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CURRENCY CONTRACT - AUD                                                 | CURRENCY CONTRACT - AUD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -185674 | NC      | $7015.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - AUD                                                 | CURRENCY CONTRACT - AUD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -53369 | NC      | $-113.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                 | CURRENCY CONTRACT - EUR                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -4245 | NC      | $57.76        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                 | CURRENCY CONTRACT - JPY                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -296849 | NC      | $6001.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -1508080 | NC      | $-16521.72    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -1453356 | NC      | $-1510.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -117642 | NC      | $-4308.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -16614251 | NC      | $2583.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -21536 | NC      | $135.38       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -23234000 | NC      | $-1581.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -91000 | NC      | $50.85        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -23720000 | NC      | $-1631.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -65055 | NC      | $382.78       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                 | CURRENCY CONTRACT - USD                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -150000 | NC      | $-10.32       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                                      | FUT. ICE SONIA SO3 DEC26                                                                                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |        15 | NC      | $4877778.80   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                             | FUT. CME 3MO SOFR JUN26                                                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         9 | NC      | $2167762.50   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                  | FUT. YR T-NOTES JUN26                                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         3 | NC      | $331781.25    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                  | FUT. U.S. T-BONDS JUN26                                                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        14 | NC      | $1579812.50   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                  | FUT. CBT ULT TNOTE JUN26                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -5 | NC      | $-564296.88   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                  | FUT. YR T NOTE JUN26                                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        58 | NC      | $6254484.38   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                                      | FUT. LIF LONG GILT JUN26                                                                                | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |         2 | NC      | $235654.70    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                  | FUT. US 2YR T-NOTE JUN26                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        11 | NC      | $2278375.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex                                                                   | FUT. EURX EUR-BUND JUN26                                                                                | CUSIP: 000000000<br>LEI: 529900UT4DG0LG5R9O07 | N/A              | DIR              | CORP              | DE        |         2 | NC      | $294257.55    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sydney Futures Exchange                                                 | FUT. SFE 10Y T-BOND JUN26                                                                               | CUSIP: 000000000<br>LEI: 549300SDXT36XYPVWI79 | N/A              | DIR              | CORP              | AU        |         8 | NC      | $616640.14    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FXO AUDUSD CALL 0.735 200                                               | FXO AUDUSD CALL 0.735 200                                                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |   -302041 | NC      | $-332.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WTS. SPIRIT AIRLINES LLC                                                | WTS. SPIRIT AIRLINES LLC                                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      6153 | NC      | $86142.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                            | Northern Institutional Funds LIQ ASET PORTF                                                             | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   1576282 | NS      | $1576282.50   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                            | Northern Institutional Funds LIQ ASET PORTF                                                             | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    548800 | NS      | $548800.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                            | Northern Institutional Funds LIQ ASET PORTF                                                             | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    114750 | NS      | $114750.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                  | VENLNG V9 PERP 144a                                                                                     | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168137.26    | 0.12%             | 2049-12-31      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                                                | CE 7 02/15/31                                                                                           | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10404.98     | 0.01%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| COREWEAVE INC                                                           | CRWV 9.75 10/01/31 144A                                                                                 | CUSIP: 21873SAG3<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80463.24     | 0.06%             | 2031-10-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: —       |
| ZF NORTH AMERICA CAPITAL INC                                            | ZFFNGR 6.875 04/23/32 144A                                                                              | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146784.57    | 0.10%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: —       |
| KINGPIN INTERMEDIATE HOLDINGS LLC                                       | LUCK 7.25 10/15/32 144A                                                                                 | CUSIP: 49579RAB4<br>LEI: 549300HRZOJTMNZCST05 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8371.58      | 0.01%             | 2032-10-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| KIMBERLY CLARK CORP                                                     | KIMBERLY CLARK CORP COM USD1.25                                                                         | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      2630 | NS      | $258870.90    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| NOVARTIS AG                                                             | NOVARTIS AG ADR-REP 1 CHF0.5 (REGD)                                                                     | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     13282 | NS      | $1963743.70   | 1.35%             |  |  |  | No            |                  1 | On Loan: —       |
| MEDICAL PROPERTIES TRUST INC                                            | MPW 4.625 08/01/29                                                                                      | CUSIP: 55342UAJ3<br>LEI: 254900U6E39J1MQCCY14 | Long             | DBT              | CORP              | US        |     70000 | PA      | $57923.86     | 0.04%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL CALCASIEU PASS LLC                                       | VENTGL 3.875 11/01/33 144A                                                                              | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    210000 | PA      | $187147.40    | 0.13%             | 2033-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| NRG ENERGY INC                                                          | NRG 6.25 11/01/34 144A                                                                                  | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60697.80     | 0.04%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| ANTERO MIDSTREAM PARTNERS LP                                            | AM 5.75 10/15/33 144A                                                                                   | CUSIP: 03690AAM8<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49901.13     | 0.03%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: —       |
| UNITED AIRLINES HOLDINGS INC                                            | UAL 5.375 03/01/31                                                                                      | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39424.56     | 0.03%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| COPA HOLDINGS SA                                                        | COPA HOLDINGS SA NPV CLASS 'A'                                                                          | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |     14890 | NS      | $1722475.20   | 1.18%             |  |  |  | No            |                  1 | On Loan: —       |
| NABORS INDUSTRIES INC                                                   | NBR 8.875 08/15/31 144A                                                                                 | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126710.64    | 0.09%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: —       |
| R.R. DONNELLEY & SONS COMPANY                                           | RRD 9.5 08/01/29 144A                                                                                   | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134177.55    | 0.09%             | 2029-08-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| SPIRIT AVIATION HOLDINGS INC                                            | SPIRIT AVIATION HOLDINGS INC COM                                                                        | CUSIP: 84863V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8659 | NS      | $12122.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| HERC HOLDINGS INC                                                       | HRI 7.25 06/15/33 144A                                                                                  | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73306.03     | 0.05%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| ARBOR REALTY SR INC                                                     | ABR 7.875 07/15/30 144A                                                                                 | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47232.41     | 0.03%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| AMERICAN AXLE & MANUFACTURING INC                                       | AXL 7.75 10/15/33 144A                                                                                  | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126922.59    | 0.09%             | 2033-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: —       |
| ZF NORTH AMERICA CAPITAL INC                                            | ZFFNGR 7.5 03/24/31 144A                                                                                | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160206.01    | 0.11%             | 2031-03-24      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| CYPRIUM CORP / CYPRIUM HOLDINGS LUXEMBOURG SARL                         | VGNT 6.375 04/15/34 144A                                                                                | CUSIP: 23292NAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39949.22     | 0.03%             | 2034-04-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| PM GENERAL PURCHASER LLC                                                | AMGENE 9.5 10/01/28 144A                                                                                | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $428660.20    | 0.29%             | 2028-10-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                                                  | VENLNG 9.875 02/01/32 144A                                                                              | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42914.20     | 0.03%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: —       |
| VERMILION ENERGY INC                                                    | VETCN 7.25 02/15/33 144A                                                                                | CUSIP: 923725AE5<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | RF                | CA        |    100000 | PA      | $101437.30    | 0.07%             | 2033-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| COREWEAVE INC                                                           | CRWV 9.25 06/01/30 144A                                                                                 | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40504.34     | 0.03%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: —       |
| MPT OPERATING PARTNERSHIP LP                                            | MPW 5 10/15/27                                                                                          | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87749.64     | 0.06%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| GEO GROUP INC (THE)                                                     | GEO 10.25 04/15/31                                                                                      | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |     90000 | PA      | $96592.82     | 0.07%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: —       |
| PARK OHIO INDUSTRIES INC                                                | PKOH 8.5 08/01/30 144A                                                                                  | CUSIP: 700677AS6<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104081.10    | 0.07%             | 2030-08-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| ARBOR REALTY SR INC                                                     | ABR 8.5 12/15/28 144A                                                                                   | CUSIP: 03881NAL1<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39631.15     | 0.03%             | 2028-12-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| SIX FLAGS ENTERTAINMENT CORP                                            | FUN 8.625 01/15/32 144A                                                                                 | CUSIP: 83003AAA8<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30499.53     | 0.02%             | 2032-01-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: —       |
| FULL HOUSE RESORTS INC                                                  | FLL 8.25 02/15/28 144A                                                                                  | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    190000 | PA      | $180121.80    | 0.12%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: —       |
| COGENT COMMUNICATIONS GROUP LLC                                         | CCOI 7 06/15/27 144A                                                                                    | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129345.73    | 0.09%             | 2027-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| AMCOR PLC                                                               | AMCOR PLC COM NEW                                                                                       | CUSIP: G0250X149<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |     11052 | NS      | $420418.08    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| VANGUARD SCOTTSDALE FUNDS                                               | VANGUARD SCOTTSDALE FUNDS LONG-TERM TREASURY ETF                                                        | CUSIP: 92206C847<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |    188905 | NS      | $10346326.85  | 7.11%             |  |  |  | No            |                  1 | On Loan: —       |
| VISTRA OPERATIONS COMPANY LLC                                           | VST 4.375 05/01/29 144A                                                                                 | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29478.06     | 0.02%             | 2029-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: —       |
| MPH ACQUISITION HOLDINGS LLC                                            | MLTPLN 5.75 12/31/30 144A                                                                               | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     11644 | PA      | $9654.45      | 0.01%             | 2030-12-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: —       |
| TEAM SERVICES HOLDING INC                                               | TEAPUB 9 02/15/33 144A                                                                                  | CUSIP: 87821TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70030.10     | 0.05%             | 2033-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: —       |
| AMAZON.COM INC                                                          | AMZN 4.55 03/13/33                                                                                      | CUSIP: 023135DE3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19756.55     | 0.01%             | 2033-03-13      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| AXON ENTERPRISE INC                                                     | AXON 6.125 03/15/30 144A                                                                                | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51125.79     | 0.04%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAP LLC             | UNIT 8.625 06/15/32 Feb                                                                                 | CUSIP: 91327CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $31398.13     | 0.02%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TEAM Services                                                           | TEAM Services Term Loan B 525 2033-01-21                                                                | CUSIP: 87821RAB0<br>LEI: 254900SLCOEZGQJACP02 | Long             | LON              | CORP              | US        |     70000 | PA      | $67520.60     | 0.05%             | 2033-01-31      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| GEE AUTOMOTIVE HOLDINGS LLC                                             | GEEATO 7.25 03/01/31 144A                                                                               | CUSIP: 36846VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70927.50     | 0.05%             | 2031-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Blackhawk Network Holdings                                              | Blackhawk Network Holdings Term Loan B 350 2029-03-01                                                   | CUSIP: 09238FAN1<br>LEI: 549300LFU3K8UIR03132 | Long             | LON              | CORP              | US        |     98259 | PA      | $97188.70     | 0.07%             | 2029-03-12      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                            | GOOGL 5.75 02/15/66                                                                                     | CUSIP: 02079KBQ9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126481.12    | 0.09%             | 2066-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Edelman Financial Center/Financial Engines                              | Edelman Financial Center/Financial Engines Term Loan B 400 2031-11-01                                   | CUSIP: 27943UAN6<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |     40000 | PA      | $40000.00     | 0.03%             | 2031-11-28      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| AKUMIN INC                                                              | AKUCN 9.75 08/31/31 144A                                                                                | CUSIP: 01021XAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $236875.00    | 0.16%             | 2031-08-31      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                  | VENLNG 9.5 02/01/29 144A                                                                                | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     50000 | PA      | $54568.35     | 0.04%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE LLC                                            | ROCKIE 6.875 04/15/40 144A                                                                              | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80790.64     | 0.06%             | 2040-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| VCI ASSET HOLDINGS 1 L TL                                               | VCI ASSET HOLDINGS 1 L TL                                                                               | CUSIP: LX2765266<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    110000 | PA      | $116978.40    | 0.08%             | 2030-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MERIDIAN ARC HOLDCO LLC                                                 | MERIDI 6.25 04/30/31 144A                                                                               | CUSIP: 58990CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $139968.13    | 0.10%             | 2031-04-30      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VCI ASSET HOLDINGS 3 L TL                                               | VCI ASSET HOLDINGS 3 L TL                                                                               | CUSIP: 11999KL11<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50000 | PA      | $50000.00     | 0.03%             | 2031-04-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GALAXY XXII CLO LTD                                                     | GALXY 2016-22A DR4                                                                                      | CUSIP: 36320TBT9<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $93374.84     | 0.06%             | 2034-04-16      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                                             | ORCL 5.7 02/04/36                                                                                       | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38413.93     | 0.03%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE LTD                                               | MPEL 6.5 09/24/33 144A                                                                                  | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $197848.94    | 0.14%             | 2033-09-24      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                             | RCL 5.375 01/15/36                                                                                      | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     90000 | PA      | $88426.04     | 0.06%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                   | TRUIST FINANCIAL CORP COM                                                                               | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      3669 | NS      | $188953.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN CB0414                                                                                               | CUSIP: 3140QKN87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    133889 | PA      | $113594.17    | 0.08%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Hut 8 DC LLC                                                            | HUTRBA 6.192 11/15/42 144A                                                                              | CUSIP: 44813DAA4<br>LEI: 2549001DBTVKADI7M690 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $110910.42    | 0.08%             | 2042-11-15      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| SANDSTONE PEAK III LT FRN                                               | SANDSTONE PEAK III LT FRN                                                                               | CUSIP: 799928AY2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    150000 | PA      | $149994.75    | 0.10%             | 2037-04-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                           | CCL 5.125 05/01/29 144A                                                                                 | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     40000 | PA      | $39880.12     | 0.03%             | 2029-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA INC                                               | ESA 2025-ESH D                                                                                          | CUSIP: 30227TAG5<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |     96313 | PA      | $96704.60     | 0.07%             | 2042-10-15      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BLACK DIAMOND CLO 202 FRN                                               | BLACK DIAMOND CLO 202 FRN                                                                               | CUSIP: 09204WAM6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    150000 | PA      | $150973.40    | 0.10%             | 2034-11-22      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                      | CCO 7.125 02/15/31 144A                                                                                 | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51980.60     | 0.04%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ANGOLA, REPUBLIC OF - MINISTRY OF FINANCE                               | ANGOL 8 11/26/29 144A                                                                                   | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    280000 | PA      | $285895.90    | 0.20%             | 2029-11-26      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                                             | BHCCN 6.25 02/15/29 144A                                                                                | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $7356.25      | 0.01%             | 2029-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PETCO HEALTH AND WELLNESS COMPANY INC                                   | WOOF 8.25 02/01/31 144A                                                                                 | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50493.81     | 0.03%             | 2031-02-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| ALPHABET INC                                                            | GOOGL 5.65 02/15/56                                                                                     | CUSIP: 02079KBP1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127507.54    | 0.09%             | 2056-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES - SECRETARIA DE HACIENDA Y CREDITO PUBLICO        | MEX 4.75 03/08/44 MTN                                                                                   | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    150000 | PA      | $121650.00    | 0.08%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                                  | NOG 7.875 10/15/33 144A                                                                                 | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82911.56     | 0.06%             | 2033-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Broadcasting                                                    | Nexstar Broadcasting Term Loan B (Incremental) 275 2033-03-07                                           | CUSIP: 65336RBF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     70000 | PA      | $69890.80     | 0.05%             | 2033-03-18      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Endeavor                                                                | Endeavor Term Loan B 300 2032-01-15                                                                     | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99250 | PA      | $99473.31     | 0.07%             | 2032-01-27      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                        | ABEGET 10.5 11/15/30 144A                                                                               | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35464.09     | 0.02%             | 2030-11-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC / RIVERS ENTERPRISE FINANCE CORP         | RIVENT 6.25 10/15/30 144A                                                                               | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $91554.48     | 0.06%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                                                          | NRG 6.125 05/15/36 144A                                                                                 | CUSIP: 629377DG4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9962.22      | 0.01%             | 2036-05-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                                                          | NRG 5.875 05/15/34 144A                                                                                 | CUSIP: 629377DF6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9964.02      | 0.01%             | 2034-05-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                 | TLN 6.375 05/01/33 144A                                                                                 | CUSIP: 87422VAP3<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50065.07     | 0.03%             | 2033-05-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CORE SCIENTIFIC FINANCE I LLC                                           | CORZ 7.75 05/15/31 144A                                                                                 | CUSIP: 21874LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $139650.59    | 0.10%             | 2031-05-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Aveanna/Epic Health                                                     | Aveanna/Epic Health Term Loan B 375 2032-08-31                                                          | CUSIP: 05549DAN8<br>LEI: 5493006D6JRLPIY8YV18 | Long             | LON              | CORP              | US        |     79600 | PA      | $79739.30     | 0.05%             | 2032-09-10      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SAS                                                       | SFRFP 6.875 07/15/32 144A                                                                               | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    640245 | PA      | $629783.01    | 0.43%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| 720 EAST CLO 2022-I LTD                                                 | NWML 2022-1A ER                                                                                         | CUSIP: 81785CAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $243747.38    | 0.17%             | 2038-01-20      | Floating      | 9.58%                 | Yes           |                  2 | On Loan: No      |
| VCI ASSET HLDGS 2 LLC                                                   | VCI ASSET HLDGS 2 LLC                                                                                   | CUSIP: LX2849847<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $113300.00    | 0.08%             | 2031-02-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA | SLG 2026-OMA A                                                                                          | CUSIP: 78451FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100361.29    | 0.07%             | 2041-04-15      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Lucky Strike Entertainment (fka Bowlero/Bowlmor)                        | Lucky Strike Entertainment (fka Bowlero/Bowlmor) Term Loan B 325 2032-09-08                             | CUSIP: 49579GAJ1<br>LEI: 549300HRZOJTMNZCST05 | Long             | LON              | CORP              | US        |    149625 | PA      | $130173.75    | 0.09%             | 2032-09-22      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE TRUST                                            | DHC 7.25 10/15/30 144A                                                                                  | CUSIP: 25525PAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51017.60     | 0.04%             | 2030-10-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| PFIZER INC                                                              | PFIZER INC COM USD0.05                                                                                  | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     21179 | NS      | $565479.30    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP INC                                                 | T. ROWE PRICE GROUP INC COM USD0.20                                                                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      3035 | NS      | $312240.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP INC                                                | SIMON PROPERTY GROUP INC COM USD0.0001                                                                  | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      1205 | NS      | $245470.55    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| STARBUCKS CORP                                                          | STARBUCKS CORP COM USD0.001                                                                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      2796 | NS      | $294502.68    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                                                        | CROWN CASTLE INC COM USD0.01                                                                            | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      5876 | NS      | $521671.28    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PLC                                                           | MEDTRONIC PLC USD0.0001                                                                                 | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      7737 | NS      | $626464.89    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                                            | COMCAST CORP COM USD0.01 CL A                                                                           | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     28345 | NS      | $766448.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                   | TEXAS INSTRUMENTS INC COM USD1.00                                                                       | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      2683 | NS      | $754137.64    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                                                              | VENTAS INC COM USD0.25                                                                                  | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      2828 | NS      | $248468.08    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                                                      | REALTY INCOME CORP COM USD1                                                                             | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      4011 | NS      | $257666.64    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE INC                                                          | BLACKSTONE INC COM USD0.00001 CLASS A                                                                   | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      1056 | NS      | $132612.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                                              | ABBVIE INC COM USD0.01                                                                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1950 | NS      | $412074.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                                                | TURKTI 7.375 05/20/29 144A                                                                              | CUSIP: 90011QAD2<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $205339.19    | 0.14%             | 2029-05-20      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AIRLINES LLC TL                                                  | SPIRIT AIRLINES LLC TL                                                                                  | CUSIP: LX2755044<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4848 | PA      | $4605.85      | 0.00%             | 2026-07-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SMRT COMMERCIAL MORTGAGE TRUST 2022-MINI                                | SMRT 2022-MINI F                                                                                        | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $205800.00    | 0.14%             | 2039-01-15      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                    | RGCARE 9.875 08/15/30 144A                                                                              | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    120000 | PA      | $127223.52    | 0.09%             | 2030-08-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN INSTITUTIONAL FUNDS                                            | NORTHERN INSTITUTIONAL FUNDS TREAS PRT PRMR                                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |      1319 | NS      | $1318.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOPETROL SA                                                            | ECOPET 8.375 01/19/36                                                                                   | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    150000 | PA      | $155426.11    | 0.11%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| COTE D'IVOIRE, REPUBLIC OF                                              | IVYCST 7.625 01/30/33 144A                                                                              | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    300000 | PA      | $315052.38    | 0.22%             | 2033-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | CAS 2024-R01 1B1                                                                                        | CUSIP: 20753UAF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    200000 | PA      | $205245.70    | 0.14%             | 2044-01-25      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| AMMC CLO 30 LTD                                                         | AMMC 2024-30A D1R                                                                                       | CUSIP: 03165UAU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100240.61    | 0.07%             | 2039-04-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| URUGUAY, REPUBLICA ORIENTAL DEL - MINISTERIO DE ECONOMIA Y FINANZAS     | URUGUA 3.4 05/16/45                                                                                     | CUSIP: 917288BP6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     60000 | PA      | $1712.81      | 0.00%             | 2045-05-16      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BLACKROCK INC                                                           | BLACKROCK INC COM                                                                                       | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       306 | NS      | $326073.60    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TKC HOLDINGS INC                                                        | TKCHOL 8.5 08/15/30 144A                                                                                | CUSIP: 87256YAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51179.65     | 0.04%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2022-3                                         | AOMT 2022-3 A3                                                                                          | CUSIP: 03464TAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    119191 | PA      | $110732.05    | 0.08%             | 2067-01-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ALLWYN ENT FIN US LLC TL                                                | ALLWYN ENT FIN US LLC TL                                                                                | CUSIP: LX2579204<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     38089 | PA      | $37184.76     | 0.03%             | 2031-06-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COLT 2025-11 MORTGAGE LOAN TRUST                                        | COLT 2025-11 A3                                                                                         | CUSIP: 12676KAG8<br>LEI: 213800CETFGZSOQ6WF79 | Long             | ABS-O            | CORP              | US        |     94500 | PA      | $94266.76     | 0.06%             | 2070-11-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| CONTINGENT ROLL-UP                                                      | CONTINGENT ROLL-UP                                                                                      | CUSIP: 01999HN17<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45800 | PA      | $458.00       | 0.00%             | 2026-07-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                             | ORCL 5.35 05/04/33                                                                                      | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38894.80     | 0.03%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                              | FMCN 6.375 02/15/36 144A                                                                                | CUSIP: 335934AY1<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $226105.59    | 0.16%             | 2036-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| BLACK PEARL COMPUTE LLC                                                 | BLKPRL 6.125 02/15/31 144A                                                                              | CUSIP: 09216NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50729.39     | 0.03%             | 2031-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| LUKOIL PJSC                                                             | LUKOIL PJSC RUB0.025(RUB)                                                                               | CUSIP: X6983S100<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      1232 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GAZPROM PJSC                                                            | GAZPROM PJSC RUB5(RUB)                                                                                  | CUSIP: X3123F106<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |     33780 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TransDigm                                                               | TransDigm Term Loan N 250 2033-02-07                                                                    | CUSIP: 89364MCG7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     40000 | PA      | $40057.60     | 0.03%             | 2033-02-10      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| SFO COMMERCIAL MORTGAGE TRUST 2021-555                                  | SFO 2021-555 E                                                                                          | CUSIP: 78432WAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98875.00     | 0.07%             | 2038-05-15      | Floating      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| ROSNEFT OIL CO PJSC                                                     | ROSNEFT OIL CO PJSC RUB0.01(RUB)                                                                        | CUSIP: X7394C106<br>LEI: 253400JT3MQWNDKMJE44 | Long             | EC               | CORP              | RU        |     17410 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                   | LVLT 8.5 01/15/36 144A                                                                                  | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     60000 | PA      | $64260.66     | 0.04%             | 2036-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                        | CYH 6.125 04/01/30 144A                                                                                 | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26596.64     | 0.02%             | 2030-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| EXXON MOBIL CORP                                                        | EXXON MOBIL CORP COM NPV                                                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      5442 | NS      | $839863.86    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON INGALLS INDUSTRIES INC                                       | HUNTINGTON INGALLS INDUSTRIES INC COM USD0.01                                                           | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      1029 | NS      | $374854.41    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce (Ceridian HCM)                                                 | Dayforce (Ceridian HCM) Term Loan B 300 2033-02-01                                                      | CUSIP: 23923YAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120000 | PA      | $113070.00    | 0.08%             | 2032-10-07      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| MF1 2026-FL21 LLC                                                       | MF1 2026-FL21 A                                                                                         | CUSIP: 55287NAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99836.92     | 0.07%             | 2041-02-18      | Floating      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                                       | CHRD 6 10/01/30 144A                                                                                    | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50964.70     | 0.04%             | 2030-10-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| WBI OPERATIONS LLC                                                      | WBI 6.5 10/15/33 144A                                                                                   | CUSIP: 92944BAB7<br>LEI: 254900A83461EGRMOV11 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60645.60     | 0.04%             | 2033-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CME GROUP INC                                                           | CME GROUP INC COM USD0.01                                                                               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      2112 | NS      | $607875.84    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                         | PHILIP MORRIS INTERNATIONAL INC COM NPV                                                                 | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3646 | NS      | $601845.22    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC COMPANY                                                | EMERSON ELECTRIC COMPANY COM USD0.50                                                                    | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       798 | NS      | $112071.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                                                     | GILEAD SCIENCES INC COM USD0.001                                                                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      3226 | NS      | $422089.84    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Michaels Stores                                                         | Michaels Stores Term Loan B 500 2033-02-09                                                              | CUSIP: 59408UAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $98854.00     | 0.07%             | 2033-02-18      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                   | WFC V6.125 PERP GG                                                                                      | CUSIP: 95002YAE3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120415.92    | 0.08%             | 2049-12-31      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                         | BAE SYSTEMS PLC ORD GBP0.025                                                                            | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     70971 | NS      | $1973956.35   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE TECHNOLOGY HOLDING CO LTD                                           | ASE TECHNOLOGY HOLDING CO LTD TWD10                                                                     | CUSIP: Y0249T100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |     78770 | NS      | $1234692.74   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| SOFTBANK CORP                                                           | SOFTBANK CORP NPV                                                                                       | CUSIP: J75963132<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |   1088211 | NS      | $1531623.65   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NN GROUP NV                                                             | NN GROUP NV EUR0.12                                                                                     | CUSIP: N64038107<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |     20540 | NS      | $1797944.92   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NETAPP INC                                                              | NETAPP INC COM USD0.001                                                                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       949 | NS      | $105120.73    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC                                              | MONDELEZ INTERNATIONAL INC COM NPV                                                                      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     11698 | NS      | $718725.12    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDEA GROUP CO LTD                                                      | MIDEA GROUP CO LTD CNY1 H                                                                               | CUSIP: Y6S40V111<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |      3111 | NS      | $35949.63     | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                          | MORGAN STANLEY COM USD0.01                                                                              | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      4067 | NS      | $775129.53    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                                            | ENBRIDGE INC COM NPV                                                                                    | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     31863 | NS      | $1767260.59   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                                       | JOHNSON & JOHNSON COM USD1.00                                                                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      8590 | NS      | $1974411.50   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                                            | CHEVRON CORP COM USD0.75                                                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9758 | NS      | $1886318.98   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS LP                                         | ENTERPRISE PRODUCTS PARTNERS LP COM UNITS REP LIM PART INT                                              | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     55780 | NS      | $2158686.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                                                          | NRG 6 01/15/36 144A                                                                                     | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    210000 | PA      | $208562.91    | 0.14%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                                                          | NRG 5.75 01/15/34 144A                                                                                  | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39704.50     | 0.03%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| PETROLEO BRASILEIRO SA                                                  | PETROLEO BRASILEIRO SA COM NPV                                                                          | CUSIP: P78331132<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    210668 | NS      | $2327141.56   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                                                            | QUALCOMM INC COM USD0.0001                                                                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       835 | NS      | $149949.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN INSTITUTIONAL FUNDS                                            | NORTHERN INSTITUTIONAL FUNDS TREAS PRT PRMR                                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   3442428 | NS      | $3442428.21   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN INSTITUTIONAL FUNDS                                            | NORTHERN INSTITUTIONAL FUNDS TREAS PRT PRMR                                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |      1684 | NS      | $1684.47      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON CONTROLS INTERNATIONAL PLC                                      | JOHNSON CONTROLS INTERNATIONAL PLC COM USD1.00                                                          | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      6158 | NS      | $899252.74    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS AG                                                              | SIEMENS AG NPV(REGD)                                                                                    | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      2205 | NS      | $655240.44    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                                               | ZURICH INSURANCE GROUP AG CHF0.10                                                                       | CUSIP: H9870Y105<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |       725 | NS      | $505484.71    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                      | ENERGY TRANSFER LP COM UNITS REP LTD PTN INT                                                            | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     89284 | NS      | $1802643.96   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK POLSKA KASA OPIEKI SA                                              | BANK POLSKA KASA OPIEKI SA PLN1.00                                                                      | CUSIP: X0R77T117<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |     21348 | NS      | $1336352.15   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                                           | UNICREDIT SPA NPV                                                                                       | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     18850 | NS      | $1456773.09   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QUANTA COMPUTER INC                                                     | QUANTA COMPUTER INC TWD10                                                                               | CUSIP: Y7174J106<br>LEI: 529900DE8BIV3XOXIK04 | Long             | EC               | CORP              | TW        |     85000 | NS      | $847524.29    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDIATEK INC                                                            | MEDIATEK INC TWD10                                                                                      | CUSIP: Y5945U103<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |       631 | NS      | $52676.92     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                | DTV 8.875 02/01/30 144a                                                                                 | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71293.04     | 0.05%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| FIVE POINT OPERATING COMPANY LP                                         | FPH 8 10/01/30 144A                                                                                     | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71778.84     | 0.05%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN INSTITUTIONAL FUNDS                                            | NORTHERN INSTITUTIONAL FUNDS TREAS PRT PRMR                                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       500 | NS      | $500.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS2293                                                                                               | CUSIP: 3140XHRP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99830 | PA      | $97010.96     | 0.07%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORTHERN INSTITUTIONAL FUNDS                                            | NORTHERN INSTITUTIONAL FUNDS TREAS PRT PRMR                                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    188008 | NS      | $188008.01    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                               | JP MORGAN CHASE & COMPANY COM USD1.00                                                                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      4362 | NS      | $1366309.26   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC                                            | BRITISH AMERICAN TOBACCO PLC SPON ADS EACH REP 1 ORD LVL                                                | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     34727 | NS      | $2041947.60   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR SERIES TRUST                                                       | SPDR SERIES TRUST BLOMBRG BARCLYS 1-3 T BILLS                                                           | CUSIP: 78468R663<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      5680 | NS      | $520515.20    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES INC                                                     | VICI PROPERTIES INC COM USD0.01                                                                         | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     51620 | NS      | $1507304.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VOLVO AB                                                                | VOLVO AB SER'B'NPV                                                                                      | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     20220 | NS      | $704803.74    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Action Nederland B.V.                                                   | Action Nederland B.V. Term Loan B (Incremental) 225 2032-09-20                                          | CUSIP: N6872NAQ9<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |     30000 | PA      | $29992.50     | 0.02%             | 2032-09-27      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                                                    | RKT 6.5 08/01/29 144A                                                                                   | CUSIP: 77311WAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10186.89     | 0.01%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FIDEICOMISO IRREVOCABLE 1721 BANCO ACTINVER SA                          | FIDEICOMISO IRREVOCABLE 1721 BANCO ACTINVER SA CBFI (PROLOGIS PROPERTY MEXICO SA DE CV)                 | CUSIP: P4559M101<br>LEI: 549300JMTSVQ6LKX5222 | Long             | EC               | CORP              | MX        |    265339 | NS      | $1215165.58   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLWYN AG (LU)                                                          | ALLWYN AG (LU) EUR0.30 (CR)                                                                             | CUSIP: L017BQ101<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |     18734 | NS      | $267541.71    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                      | VIKCRU 5.875 10/15/33 144A                                                                              | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     80000 | PA      | $80203.28     | 0.06%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| JAMAICA, GOVERNMENT OF                                                  | JAMAN 9.625 11/03/30                                                                                    | CUSIP: 470160CF7<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |  10000000 | PA      | $66973.09     | 0.05%             | 2030-11-03      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| J.B. POINDEXTER & CO. INC                                               | JBPOIN 8.75 12/15/31 144A                                                                               | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62174.58     | 0.04%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| NielsenIQ/Global Connect                                                | NielsenIQ/Global Connect Term Loan B 250 2030-10-01                                                     | CUSIP: 45674PAS3<br>LEI: 254900QPZS54FU2J9C09 | Long             | LON              | CORP              | US        |     88829 | PA      | $88718.40     | 0.06%             | 2030-10-31      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                            | MLTPLN L 12/31/30 2                                                                                     | CUSIP: 55328HAQ4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |    121791 | PA      | $108654.44    | 0.07%             | 2030-12-31      | Fixed         | 12.74%                | No            |                  2 | On Loan: No      |
| AmWINS Group                                                            | AmWINS Group Term Loan B 200 2032-01-01                                                                 | CUSIP: 03234TBB3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |     93267 | PA      | $93146.89     | 0.06%             | 2032-01-30      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                                  | EQMSRM 9 05/15/28 144A                                                                                  | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82939.52     | 0.06%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-8                                       | VERUS 2023-8 A3                                                                                         | CUSIP: 92540DAC9<br>LEI: 213800DTJD5UKJR53O34 | Long             | ABS-O            | CORP              | US        |     42274 | PA      | $42529.59     | 0.03%             | 2068-12-25      | Variable      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| HASBRO INC                                                              | HASBRO INC COM USD0.50                                                                                  | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      3045 | NS      | $291832.80    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                                              | US BANCORP COM USD0.01                                                                                  | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      8577 | NS      | $485972.82    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Relativity                                                              | Relativity Term Loan B 275 2033-01-06                                                                   | CUSIP: 75944WAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     20000 | PA      | $19850.00     | 0.01%             | 2033-01-14      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                           | TDG 6.125 07/31/34 144A                                                                                 | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50055.00     | 0.03%             | 2034-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| MICHAELS COMPANIES INC (THE)                                            | MIK 11 03/15/34 144A                                                                                    | CUSIP: 59408QAA4<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144750.57    | 0.10%             | 2034-03-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                  | WCC 5.5 04/15/34 144A                                                                                   | CUSIP: 95081QAU8<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69819.96     | 0.05%             | 2034-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                          | AMZN 5.65 03/13/46                                                                                      | CUSIP: 023135DG8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19723.98     | 0.01%             | 2046-03-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EVERTEC                                                                 | EVERTEC Term Loan B 350 2030-09-24                                                                      | CUSIP: U3000JAQ2<br>LEI: 54930056CPTQSUNQYB82 | Long             | LON              | CORP              | US        |     92000 | PA      | $92345.00     | 0.06%             | 2030-10-12      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| KATAYMA CLO II LTD                                                      | KTAMA 2024-2A D                                                                                         | CUSIP: 485862AG1<br>LEI: 254900HW0KYG9AOGVP97 | Long             | ABS-CBDO         | CORP              | JE        |    150000 | PA      | $151107.75    | 0.10%             | 2037-04-20      | Floating      | 8.18%                 | Yes           |                  2 | On Loan: No      |
| 720 EAST CLO VII LTD                                                    | NWML 2025-7A E                                                                                          | CUSIP: 81789NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $147318.84    | 0.10%             | 2037-04-20      | Floating      | 8.43%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2021-SDMF                                                      | BX 2021-SDMF F                                                                                          | CUSIP: 12434CAQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    194875 | PA      | $194814.09    | 0.13%             | 2034-09-15      | Floating      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| LifePoint Health                                                        | LifePoint Health Term Loan B 375 2031-05-01                                                             | CUSIP: 75915TAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     93267 | PA      | $92820.45     | 0.06%             | 2031-05-16      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                     | AXON 6.25 03/15/33 144A                                                                                 | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20523.22     | 0.01%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                    | NLSN 9.5 02/15/33 144A                                                                                  | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70055.54     | 0.05%             | 2033-02-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN INSTITUTIONAL FUNDS                                            | NORTHERN INSTITUTIONAL FUNDS TREAS PRT PRMR                                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |       109 | NS      | $109.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FR SD8146                                                                                               | CUSIP: 3132DWBP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    139047 | PA      | $112176.36    | 0.08%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL FOUR US CLO I LTD                                               | C4US 2021-1A DR                                                                                         | CUSIP: 14016TAS8<br>LEI: 549300NMXY8VXHO96C52 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $98039.25     | 0.07%             | 2035-01-18      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MLTI TRUST 2026-SF75                                                    | MLTI 2026-SF75 E                                                                                        | CUSIP: 55318JAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $109279.70    | 0.08%             | 2031-03-15      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                        | ABEGET 11.25 02/21/30 144A                                                                              | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26800.80     | 0.02%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL         | BNTNF 10 01/01/31 NTNF                                                                                  | CUSIP: P8T60NEH0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1998000 | PA      | $354385.47    | 0.24%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                                 | DFH 6.875 09/15/30 144A                                                                                 | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $68646.22     | 0.05%             | 2030-09-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO 44 LTD                                                          | AGL 2025-44A E                                                                                          | CUSIP: 00122AAA8<br>LEI: 254900WK97J0UDI0DQ10 | Long             | ABS-CBDO         | CORP              | KY        |    125000 | PA      | $124339.21    | 0.09%             | 2037-10-22      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FNMA-30YR                                                                                               | CUSIP: 01F052656<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    100000 | PA      | $100497.44    | 0.07%             | 2049-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US RENAL CARE INC                                                       | USRENA 10.625 06/28/28 144a                                                                             | CUSIP: 90355YAA5<br>LEI: 54930058SS5MF69JGN89 | Long             | DBT              | CORP              | US        |     52500 | PA      | $43575.00     | 0.03%             | 2028-06-28      | Fixed         | 10.62%                | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                               | SUN 5.625 07/15/34 144A                                                                                 | CUSIP: 86765KAN9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147982.73    | 0.10%             | 2034-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                 | NXST 6.5 09/15/33 144A                                                                                  | CUSIP: 65346UAB5<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50384.80     | 0.03%             | 2033-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                                                          | BBDBCN 6.75 06/15/33 144A                                                                               | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10427.03     | 0.01%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Pye-Barker Fire & Safety                                                | Pye-Barker Fire & Safety Term Loan B 250 2032-11-29                                                     | CUSIP: 69380SAB9<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |     43500 | PA      | $43659.65     | 0.03%             | 2032-12-09      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                     | ISPIM 7.8 11/28/53 144A                                                                                 | CUSIP: 46115HCF2<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    400000 | PA      | $475525.08    | 0.33%             | 2053-11-28      | Fixed         | 7.80%                 | Yes           |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 2023-2                                   | MSWF 2023-2 C                                                                                           | CUSIP: 55361AAZ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90000 | PA      | $95713.48     | 0.07%             | 2056-12-15      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                        | CSCHLD 11.75 01/31/29 144A                                                                              | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    390000 | PA      | $279273.89    | 0.19%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-1                                       | VERUS 2024-1 A3                                                                                         | CUSIP: 92540EAC7<br>LEI: 984500A3F1D749452747 | Long             | ABS-O            | CORP              | US        |     87271 | PA      | $87456.31     | 0.06%             | 2069-01-25      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| COLT 2024-1 MORTGAGE LOAN TRUST                                         | COLT 2024-1 M1                                                                                          | CUSIP: 19688TAD7<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $160808.05    | 0.11%             | 2069-02-25      | Variable      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| BABCOCK & WILCOX ENTERPRISES INC                                        | BW 8.75 06/30/30 144A                                                                                   | CUSIP: 05614LAB6<br>LEI: 5493006H661OZN2C0T54 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119757.78    | 0.08%             | 2030-06-30      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                                             | ORCL 4.95 02/04/31                                                                                      | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88036.57     | 0.06%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                      | BX 2026-CSMO D                                                                                          | CUSIP: 12433LAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150656.25    | 0.10%             | 2042-02-15      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1 LLC                                             | TRACTC 5.875 03/01/31 144A                                                                              | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $107926.36    | 0.07%             | 2031-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                         | FAIRIC 6.25 09/15/34 144A                                                                               | CUSIP: 303250AJ3<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49217.37     | 0.03%             | 2034-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ARC FALCON I INC TL                                                     | ARC FALCON I INC TL                                                                                     | CUSIP: LX2852924<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     60000 | PA      | $56040.00     | 0.04%             | 2033-03-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                          | AMZN 4.875 03/13/36                                                                                     | CUSIP: 023135DF0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29559.97     | 0.02%             | 2036-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARC FALCON I INC                                                        | NEWARC 9.75 03/01/33 144A                                                                               | CUSIP: 03881HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98042.00     | 0.07%             | 2033-03-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                          | AMZN 5.95 03/13/66                                                                                      | CUSIP: 023135DJ2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88770.22     | 0.06%             | 2066-03-13      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MACQUARIE KOREA INFRASTRUCTURE FUND                                     | MACQUARIE KOREA INFRASTRUCTURE FUND NPV                                                                 | CUSIP: Y53643105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9923 | NS      | $75934.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO TINTO LTD                                                           | RIO TINTO LTD NPV                                                                                       | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     18972 | NS      | $2323872.92   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| PLACEHOLDER ARCLIN NEWARC                                               | PLACEHOLDER ARCLIN NEWARC                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $55272.27     | 0.04%             | 2033-03-02      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PLACEHOLD XAIXXX DUMMY BA                                               | PLACEHOLD XAIXXX DUMMY BA                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $109575.00    | 0.08%             | 2031-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                 | TLN 6.5 02/01/36 144A                                                                                   | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70265.08     | 0.05%             | 2036-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                          | AMZN 4.25 03/13/31                                                                                      | CUSIP: 023135DD5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19804.26     | 0.01%             | 2031-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| First Brands (Trico Group)                                              | First Brands (Trico Group) Term Loan B (add-on) 500 2027-03-01                                          | CUSIP: 31935HAH0<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |      4655 | PA      | $3.91         | 0.00%             | 2027-03-30      | Floating      | 9.93%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2021-230P                                | MSC 2021-230P B                                                                                         | CUSIP: 61772WAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $103400.00    | 0.07%             | 2038-12-15      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| MEGLOBAL CANADA ULC                                                     | EQPTRC 5.875 05/18/30 144A                                                                              | CUSIP: 58518N2A9<br>LEI: 635400MHHHT7LMKMQL03 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $214128.18    | 0.15%             | 2030-05-18      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SG RESIDENTIAL MTG TR 2022-1                                            | SGR 2022-1 A1                                                                                           | CUSIP: 78433QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    188218 | PA      | $177892.85    | 0.12%             | 2062-03-27      | Variable      | 3.17%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN FS5313                                                                                               | CUSIP: 3140XL3X4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77779 | PA      | $71612.13     | 0.05%             | 2050-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LIGHT AND WONDER INTERNATIONAL INC                                      | LNW 6.25 10/01/33 144A                                                                                  | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59502.75     | 0.04%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PROCTER & GAMBLE COMPANY (THE)                                          | PROCTER & GAMBLE COMPANY (THE) COM NPV                                                                  | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      5031 | NS      | $740009.79    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOTOR COMPANY                                                   | HYUNDAI MOTOR COMPANY KRW5000                                                                           | CUSIP: Y38472109<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |      3800 | NS      | $1377347.26   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| VINCI SA                                                                | VINCI SA EUR2.50                                                                                        | CUSIP: F5879X108<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |       417 | NS      | $63059.74     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Peninsula Pacific Entertainment                                         | Peninsula Pacific Entertainment Term Loan B 475 2032-08-09                                              | CUSIP: 70715SAB3<br>LEI: 549300LWV74H4IE3FG45 | Long             | LON              | CORP              | US        |    100407 | PA      | $99737.60     | 0.07%             | 2032-08-14      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                           | VST 6.875 04/15/32 144A                                                                                 | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    130000 | PA      | $135716.49    | 0.09%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-4                                       | VERUS 2024-4 A3                                                                                         | CUSIP: 92540GAC2<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-O            | CORP              | US        |    106529 | PA      | $107516.99    | 0.07%             | 2069-06-25      | Variable      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| BroadStreet Partners                                                    | BroadStreet Partners Term Loan B-4 300 2031-06-01                                                       | CUSIP: 11132VAY5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     39910 | PA      | $39633.98     | 0.03%             | 2031-05-09      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| Austin Powder Holdings Company                                          | Austin Powder Holdings Company Term Loan B 325 2031-07-21                                               | CUSIP: 00036FAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59250 | PA      | $59423.01     | 0.04%             | 2031-01-08      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| JORDAN, HASHEMITE KINGDOM OF - MINISTRY OF FINANCE                      | JORDAN 7.75 01/15/28 144A                                                                               | CUSIP: 41809JAA3<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    230000 | PA      | $236724.38    | 0.16%             | 2028-01-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                                        | WULF 7.75 10/15/30 144A                                                                                 | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $63059.71     | 0.04%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| ENEL SPA                                                                | ENEL SPA EUR1                                                                                           | CUSIP: T3679P115<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    172036 | NS      | $2008640.07   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                                            | COMPAGNIE DE SAINT-GOBAIN SA EUR4                                                                       | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |      1049 | NS      | $96109.26     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                                 | LTMCI 7.875 04/15/30 144A                                                                               | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    100000 | PA      | $102000.00    | 0.07%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Sotera Health (fka Sterigenics Nordin)                                  | Sotera Health (fka Sterigenics Nordin) Term Loan B 250 2031-05-01                                       | CUSIP: 83600VAH4<br>LEI: 549300OVT7MBXFLOFU20 | Long             | LON              | CORP              | US        |    187619 | PA      | $188167.00    | 0.13%             | 2031-05-30      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| MS & AD INSURANCE GROUP HOLDINGS INC                                    | MS & AD INSURANCE GROUP HOLDINGS INC NPV                                                                | CUSIP: J4687C105<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |     51932 | NS      | $1335384.13   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                                                       | NATIONAL GRID PLC ORD GBP0.12431289                                                                     | CUSIP: G6S9A7120<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    121480 | NS      | $2174562.97   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Petco Animal Supplies                                                   | Petco Animal Supplies Term Loan B 425 2031-01-11                                                        | CUSIP: 71601HAG1<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |     80000 | PA      | $79380.00     | 0.05%             | 2031-03-06      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Asurion                                                                 | Asurion First-lien Term Loan B-14 375 2033-02-09                                                        | CUSIP: 04649VBF6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     40000 | PA      | $39316.80     | 0.03%             | 2033-02-14      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVELOPMENT BANK                                         | IADB 7.35 10/06/30 GMTN                                                                                 | CUSIP: U4582NMK7<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |  15000000 | PA      | $156211.44    | 0.11%             | 2030-10-06      | Fixed         | 7.35%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group (Citrix/TIBCO)                                     | Cloud Software Group (Citrix/TIBCO) Term Loan B 325 2031-03-01                                          | CUSIP: 88632NBK5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     69825 | PA      | $64511.61     | 0.04%             | 2031-03-21      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Innomotics                                                              | Innomotics Term Loan B 325 2031-10-01                                                                   | CUSIP: 26806DAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    137908 | PA      | $121934.00    | 0.08%             | 2031-09-30      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| CITRIX SYSTEMS INC                                                      | CTXS 4.5 12/01/27                                                                                       | CUSIP: 177376AE0<br>LEI: HCTKJGUQOPZ5NBK7NP58 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47625.00     | 0.03%             | 2027-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HOLDINGS LLC                                              | STENOR 7.375 06/01/31 144A                                                                              | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62366.49     | 0.04%             | 2031-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| SONRAVA HEALTH HOLDING TL                                               | SONRAVA HEALTH HOLDING TL                                                                               | CUSIP: LX2368368<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    329575 | PA      | $12359.06     | 0.01%             | 2028-08-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                                 | MRP 6.25 09/15/32 144A                                                                                  | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30131.44     | 0.02%             | 2032-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Talen Energy Supply                                                     | Talen Energy Supply Term Loan B (Incremental) 200 2032-10-04                                            | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |     39900 | PA      | $39925.14     | 0.03%             | 2032-10-11      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                                    | ALPGEN 6.75 10/15/32 144A                                                                               | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122904.72    | 0.08%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ASURION LLC / ASURION CO-ISSUER INC                                     | ASUCOR 8 12/31/32 144A                                                                                  | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $104458.90    | 0.07%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PBF HOLDING COMPANY LLC / PBF FINANCE CORP                              | PBFENE 6 02/15/28                                                                                       | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $199826.30    | 0.14%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cloudera                                                                | Cloudera First-lien Term Loan 375 2028-07-24                                                            | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |     88357 | PA      | $79024.57     | 0.05%             | 2028-08-10      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| BUENOS AIRES, PROVINCE OF                                               | BUENOS 6.625 09/01/37 144A                                                                              | CUSIP: 11943IAA5<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    177880 | PA      | $137046.31    | 0.09%             | 2037-09-01      | Variable      | 6.63%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM3                               | BRAVO 2024-NQM2 A3                                                                                      | CUSIP: 10569KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93065 | PA      | $93855.18     | 0.06%             | 2064-02-25      | Variable      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| NORTHERN INSTITUTIONAL FUNDS                                            | NORTHERN INSTITUTIONAL FUNDS TREAS PRT PRMR                                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    607080 | NS      | $607079.86    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KNDR TRUST 2021-KIND                                                    | KNDR 2021-KIND E                                                                                        | CUSIP: 482606AQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158697 | PA      | $157402.33    | 0.11%             | 2038-08-15      | Floating      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| BOMBARDIER INC                                                          | BBDBCN 7 06/01/32 144A                                                                                  | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $83507.52     | 0.06%             | 2032-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Action Nederland B.V.                                                   | Action Nederland B.V. Term Loan B-4B 250 2030-10-01                                                     | CUSIP: N6872NAM8<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |     93260 | PA      | $93446.56     | 0.06%             | 2030-10-28      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| MARKS AND SPENCER PLC                                                   | MARSPE 7.125 12/01/37 144A                                                                              | CUSIP: 57069PAA0<br>LEI: 213800CN1RI3UCIZWB95 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $108503.75    | 0.07%             | 2037-12-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BXMT 2026-FL6 LTD                                                       | BXMT 2026-FL6 A                                                                                         | CUSIP: 05620AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99884.99     | 0.07%             | 2043-08-19      | Floating      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA                                  | BX 2026-VLT9 E                                                                                          | CUSIP: 05618UAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99813.00     | 0.07%             | 2045-03-15      | Variable      | 7.90%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM3 TRUST                                                     | OBX 2024-NQM3 M1                                                                                        | CUSIP: 67118KAD5<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200994.54    | 0.14%             | 2063-12-25      | Variable      | 6.85%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                             | STWD 7.25 04/01/29 144A                                                                                 | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51812.90     | 0.04%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Hexion                                                                  | Hexion Term Loan B 400 2029-03-01                                                                       | CUSIP: 00217XAE6<br>LEI: 549300LBB370MUHGLV84 | Long             | LON              | CORP              | US        |     63425 | PA      | $61395.41     | 0.04%             | 2029-03-15      | Floating      | 8.46%                 | No            |                  2 | On Loan: No      |
| Focus Financial                                                         | Focus Financial Term Loan B-8 (add-on) 275 2031-09-01                                                   | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |      9875 | PA      | $9792.99      | 0.01%             | 2031-09-15      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                                  | EQMSRM 8.625 05/15/32 144A                                                                              | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63633.90     | 0.04%             | 2032-05-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHOSPHATES SA                                      | OCPMR 6.75 05/02/34 144A                                                                                | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $210035.22    | 0.14%             | 2034-05-02      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                                                          | AMZN 5.8 03/13/56                                                                                       | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19684.82     | 0.01%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                           | STACR 2026-DNA2 B1                                                                                      | CUSIP: 35564UEP8<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    100000 | PA      | $100635.02    | 0.07%             | 2046-03-25      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Qualitytech LP                                                          | Qualitytech LP                                                                                          | CUSIP: 74758JAB3<br>LEI: 549300GWD2FYVWRWCZ90 | Long             | LON              | CORP              | US        |    138600 | PA      | $138773.25    | 0.10%             | 2031-12-31      | Fixed         | 11.14%                | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                           | SATS 10.75 11/30/29 .                                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    194800 | PA      | $211504.57    | 0.15%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                            | NCLH 6.75 02/01/32 144A                                                                                 | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    120000 | PA      | $119411.25    | 0.08%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Learfield Communications                                                | Learfield Communications Term Loan B 500 2028-06-01                                                     | CUSIP: 00165HAL7<br>LEI: 549300177GK4LMS8T214 | Long             | LON              | CORP              | US        |      7973 | PA      | $7988.73      | 0.01%             | 2028-06-30      | Floating      | 9.63%                 | No            |                  2 | On Loan: No      |
| MCCLATCHY MEDIA CO LLC                                                  | MCLTCH 11 12/01/31 144A                                                                                 | CUSIP: 00456LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121536 | PA      | $138399.12    | 0.10%             | 2031-12-01      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Veritext                                                                | Veritext Term Loan B 300 2030-08-01                                                                     | CUSIP: 91838LAK6<br>LEI: 5493007T812R37X02Y38 | Long             | LON              | CORP              | US        |      9975 | PA      | $9809.00      | 0.01%             | 2030-08-09      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                      | CCO 7.5 06/01/29 144A                                                                                   | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160294.40    | 0.11%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MTN COMMERCIAL MORTGAGE TRUST 2022-LPFL                                 | MTN 2022-LPFL F                                                                                         | CUSIP: 62475WAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199728.20    | 0.14%             | 2039-03-15      | Floating      | 8.95%                 | Yes           |                  2 | On Loan: No      |
| MF1 2025-FL17 LLC                                                       | MF1 2025-FL17 A                                                                                         | CUSIP: 55287HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    120000 | PA      | $119402.95    | 0.08%             | 2040-02-18      | Floating      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| RIDE TRUST 2025-SHRE                                                    | RIDE 2025-SHRE D                                                                                        | CUSIP: 765692AG3<br>LEI: 5493000HCHF3YP6AGZ15 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202106.52    | 0.14%             | 2047-02-14      | Variable      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| ADT Corp                                                                | ADT Corp Term Loan B 200 2030-10-01                                                                     | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |     79404 | PA      | $79454.31     | 0.05%             | 2030-10-13      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                            | MLTPLN L 12/31/30 1                                                                                     | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |     14692 | PA      | $14662.22     | 0.01%             | 2030-12-31      | Fixed         | 12.74%                | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                                                          | TACN 6.5 03/15/40                                                                                       | CUSIP: 89346DAE7<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $30030.30     | 0.02%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Internet Brands                                                         | Internet Brands Term Loan B-4 425 2031-12-02                                                            | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     67144 | PA      | $52540.35     | 0.04%             | 2031-12-11      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| Osmose Utilities Services                                               | Osmose Utilities Services Term Loan B 325 2028-05-31                                                    | CUSIP: 68835HAH3<br>LEI: 549300FSLVHLFZ3S0D82 | Long             | LON              | CORP              | US        |     69713 | PA      | $69430.29     | 0.05%             | 2028-06-17      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY INVESTMENT TRUST                                         | FEDERAL REALTY INVESTMENT TRUST SH BEN INT NEW                                                          | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |      4265 | NS      | $472988.50    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MF1 2025-FL17 LLC                                                       | MF1 2025-FL17 D                                                                                         | CUSIP: 55287HAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99627.99     | 0.07%             | 2040-02-18      | Floating      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| DIAMOND SPORTS NET TL                                                   | DIAMOND SPORTS NET TL                                                                                   | CUSIP: 25277EAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     52712 | PA      | $9488.19      | 0.01%             | 2028-01-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                                              | KENVUE INC COM                                                                                          | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     18893 | NS      | $331194.29    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                         | PR 7 01/15/32 144A                                                                                      | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156033.00    | 0.11%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| UKG                                                                     | UKG Term Loan B (Add-on) 350 2031-02-01                                                                 | CUSIP: 89841EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     69825 | PA      | $67319.95     | 0.05%             | 2031-01-30      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                                   | JANEST 6.75 05/01/33 144A                                                                               | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51365.55     | 0.04%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                                           | CCL 6.125 02/15/33 144A                                                                                 | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     70000 | PA      | $71026.17     | 0.05%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                                   | QUIKHO 6.375 03/01/32 144A                                                                              | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71104.46     | 0.05%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEMS INC                                           | WMS 5.375 03/01/34 144A                                                                                 | CUSIP: 00790RAC8<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49293.23     | 0.03%             | 2034-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                                    | INTERNATIONAL BUSINESS MACHINES CORP COM USD0.20                                                        | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1196 | NS      | $276252.08    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR PRODUCTS AND CHEMICALS INC                                          | AIR PRODUCTS AND CHEMICALS INC COM USD1                                                                 | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      2056 | NS      | $616902.80    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE RACER MIDSTREAM LLC                                                | BLURAC 7.25 07/15/32 144A                                                                               | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52302.80     | 0.04%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2024-UNIV                                | BFLD 2024-UNIV D                                                                                        | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250156.25    | 0.17%             | 2029-11-15      | Floating      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group                                                       | Jane Street Group Term Loan B 200 2031-12-01                                                            | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |     93228 | PA      | $93053.42     | 0.06%             | 2031-12-11      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS LLC                                            | MLTPLN 11.5 12/31/30 144A                                                                               | CUSIP: 553283AF9<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     18722 | PA      | $17470.19     | 0.01%             | 2030-12-31      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                          | TEVA 4.1 10/01/46                                                                                       | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    280000 | PA      | $215646.68    | 0.15%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| NORTHERN INSTITUTIONAL FUNDS                                            | NORTHERN INSTITUTIONAL FUNDS TREAS PRT PRMR                                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   2188831 | NS      | $2188831.46   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB STRATEGIC TRUST                                                  | SCHWAB STRATEGIC TRUST US REIT ETF                                                                      | CUSIP: 808524847<br>LEI: 549300NAZEQOIX80E226 | Long             | EC               | RF                | US        |    130569 | NS      | $3057925.98   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARITEV CORP                                                           | CTEV 6.75 03/31/31 144A                                                                                 | CUSIP: 62548MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101289 | PA      | $67357.19     | 0.05%             | 2031-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                | DTV 10 02/15/31 144A                                                                                    | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52024.50     | 0.04%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE LLC                                            | ROCKIE 7.5 07/15/38 144A                                                                                | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42149.32     | 0.03%             | 2038-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2019-IMC                                                       | BX 2019-IMC E                                                                                           | CUSIP: 05608BAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $296476.59    | 0.20%             | 2034-04-15      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                              | ROMANI 7.5 02/10/37 144A                                                                                | CUSIP: 77586RAW0<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     60000 | PA      | $63990.44     | 0.04%             | 2037-02-10      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VANGUARD CHARLOTTE FUNDS                                                | VANGUARD CHARLOTTE FUNDS TOTAL INTERNATIONAL BOND IN                                                    | CUSIP: 92203J407<br>LEI: 549300Z9BHDBGHMJLU94 | Long             | EC               | RF                | US        |    207488 | NS      | $9969798.40   | 6.85%             |  |  |  | No            |                  1 | On Loan: No      |
| VANGUARD SCOTTSDALE FUNDS                                               | VANGUARD SCOTTSDALE FUNDS INTERMEDIATE-TERM TREASURY                                                    | CUSIP: 92206C706<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     75268 | NS      | $4462639.72   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Univision Communications/Televisa                                       | Univision Communications/Televisa Term Loan B (Incremental) 350 2029-01-01                              | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |     19650 | PA      | $19527.19     | 0.01%             | 2029-01-31      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY PARTNERS LLC                                    | HOWARD 7.375 07/15/32 144A                                                                              | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52137.90     | 0.04%             | 2032-07-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                                                    | GFLCN 6.625 04/01/32 144A                                                                               | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103161.80    | 0.07%             | 2032-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| BLUEBERRY PARK CLO LTD                                                  | BERRY 2024-1A D1                                                                                        | CUSIP: 09609QAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    110000 | PA      | $110099.33    | 0.08%             | 2037-10-20      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| APH/APH2/APH3 SOMERSET INVESTOR 2 LLC / AQUARIAN INSURANCE HOLDINGS LLC | AQUARI 7.875 11/01/29 144A                                                                              | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19363.00     | 0.01%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC                                                 | VSNT 7.25 01/30/31 144A                                                                                 | CUSIP: 925283AA1<br>LEI: 254900D2Q5F5F229PU30 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41530.58     | 0.03%             | 2031-01-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| APLD COMPUTECO LLC                                                      | APLD 9.25 12/15/30 144A                                                                                 | CUSIP: 00202DAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $118237.33    | 0.08%             | 2030-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL HOLDINGS (US) INC                                     | GFLCN 5.5 02/01/34 144A                                                                                 | CUSIP: 36273TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39347.15     | 0.03%             | 2034-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CORECIVIC INC                                                           | CXW 4.75 10/15/27                                                                                       | CUSIP: 21871NAA9<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168765.24    | 0.12%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                           | FCFS 4.625 09/01/28 144A                                                                                | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137645.58    | 0.09%             | 2028-09-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CSMC 2020-RPL4 TRUST                                                    | CSMC 2020-RPL4 A1                                                                                       | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    143252 | PA      | $129257.97    | 0.09%             | 2060-01-25      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| VodafoneZiggo                                                           | VodafoneZiggo Term Loan B 250 2028-04-01                                                                | CUSIP: N9833RAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     94212 | PA      | $73327.78     | 0.05%             | 2028-04-15      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| LD HOLDINGS GROUP LLC                                                   | LNDPT 6.125 04/01/28 144A                                                                               | CUSIP: 521088AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $60453.48     | 0.04%             | 2028-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                                                   | CSV 4.25 05/15/29 144A                                                                                  | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $106495.16    | 0.07%             | 2029-05-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FIRSTCASH HOLDINGS INC                                                  | FCFS 5.625 01/01/30 144A                                                                                | CUSIP: 31944TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49759.29     | 0.03%             | 2030-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2022-NQM2                           | NRZT 2022-NQM2 A1                                                                                       | CUSIP: 64831MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175243 | PA      | $165447.25    | 0.11%             | 2062-03-27      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                                | G2 786690                                                                                               | CUSIP: 3622ACKB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     72619 | PA      | $73964.60     | 0.05%             | 2053-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING 2017-III LTD                                               | CIFC 2017-3A D1R                                                                                        | CUSIP: 12548JAU6<br>LEI: 254900S2BZHNDNVF2L25 | Long             | ABS-CBDO         | CORP              | KY        |    210000 | PA      | $209397.15    | 0.14%             | 2037-04-20      | Floating      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| VFH PARENT LLC                                                          | VIRT 7.5 06/15/31 144A                                                                                  | CUSIP: 91824YAA6<br>LEI: 549300FRO9M476YHHY64 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21002.94     | 0.01%             | 2031-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PremiStars (fka Reedy Industries)                                       | PremiStars (fka Reedy Industries) Term Loan B 425 2028-08-01                                            | CUSIP: 88366MAE4<br>LEI: 254900K7OD47ERJZN242 | Long             | LON              | CORP              | US        |     76211 | PA      | $74591.71     | 0.05%             | 2028-08-31      | Floating      | 9.59%                 | No            |                  2 | On Loan: No      |
| Spencer Spirit                                                          | Spencer Spirit Term Loan B 550 2031-06-13                                                               | CUSIP: 84823UAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    117605 | PA      | $117604.53    | 0.08%             | 2031-06-25      | Floating      | 10.84%                | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                                              | AER V6.95 03/10/55                                                                                      | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    150000 | PA      | $155328.14    | 0.11%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BANK 2024-BNK48                                                         | BANK 2024-BNK48 A5                                                                                      | CUSIP: 06541GAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $190716.36    | 0.13%             | 2057-10-15      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                  | TRICGR L 06/29/26 2                                                                                     | CUSIP: 31935HAN7<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |     64389 | PA      | $59.24        | 0.00%             | 2026-06-29      | Fixed         | 13.86%                | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                    | NLSN 10.375 05/15/31 144A                                                                               | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41278.84     | 0.03%             | 2031-05-15      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| GRANITE RIDGE RESOURCES INC                                             | GRNT 8.875 11/05/29                                                                                     | CUSIP: 387432AA5<br>LEI: 254900CAHJQKOQ1YZC67 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124800.00    | 0.09%             | 2029-11-04      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Madison Air                                                             | Madison Air Term Loan B 275 2032-05-01                                                                  | CUSIP: 55759VAE8<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |     49878 | PA      | $49996.23     | 0.03%             | 2032-11-08      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                      | VEGLPL 6.125 12/15/30 144A                                                                              | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10312.78     | 0.01%             | 2030-12-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| SPIRIT AIRLINES LLC TL                                                  | SPIRIT AIRLINES LLC TL                                                                                  | CUSIP: LX2795008<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9575 | PA      | $9096.62      | 0.01%             | 2026-07-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                            | UBS V7 PERP 144                                                                                         | CUSIP: 902613BW7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    220000 | PA      | $223281.74    | 0.15%             | 2049-12-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH                      | BANORT V7.5 PERP 144A                                                                                   | CUSIP: 05971PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    250000 | PA      | $255848.25    | 0.18%             | 2049-12-31      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                        | CYH 6.875 04/15/29 144A                                                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177092.50    | 0.12%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR RB5125                                                                                               | CUSIP: 3133KYVS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    132799 | PA      | $115355.84    | 0.08%             | 2041-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Allen Media                                                             | Allen Media Term Loan B (Add-on) 550 2027-02-01                                                         | CUSIP: 01771JAH6<br>LEI: 549300ERNJNM4RN5JP79 | Long             | LON              | CORP              | US        |     75839 | PA      | $49295.47     | 0.03%             | 2027-02-10      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4512                                                                                               | CUSIP: 31418EAN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     73656 | PA      | $62157.20     | 0.04%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AAR CORP                                                                | AIR 6.75 03/15/29 144A                                                                                  | CUSIP: 00253PAA6<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30904.59     | 0.02%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC                                             | HONEYWELL INTERNATIONAL INC COM USD1                                                                    | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      1219 | NS      | $261268.27    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                                               | AMGEN INC COM USD0.0001                                                                                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1249 | NS      | $432466.25    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TUTOR PERINI CORP                                                       | TPC 11.875 04/30/29 144A                                                                                | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |    120000 | PA      | $130828.92    | 0.09%             | 2029-04-30      | Fixed         | 11.88%                | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                | TIBX 8.25 06/30/32 144A                                                                                 | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47501.89     | 0.03%             | 2032-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| LD HOLDINGS GROUP LLC                                                   | LNDPT 8.75 11/01/27 144A                                                                                | CUSIP: 521088AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28105.57     | 0.02%             | 2027-11-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                         | PR 6.25 02/01/33 144A                                                                                   | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204776.55    | 0.14%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC                                     | AMERICAN ELECTRIC POWER COMPANY INC COM USD6.50                                                         | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      3265 | NS      | $447664.15    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC                                              | VERIZON COMMUNICATIONS INC COM USD0.10                                                                  | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     15878 | NS      | $762620.34    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| HIH TRUST 2024-61P                                                      | HIH 2024-61P F                                                                                          | CUSIP: 40444VAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    183076 | PA      | $183476.35    | 0.13%             | 2041-10-15      | Floating      | 9.09%                 | Yes           |                  2 | On Loan: No      |
| Celsius                                                                 | Celsius Term Loan B 250 2032-04-01                                                                      | CUSIP: 15118XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     69650 | PA      | $69911.19     | 0.05%             | 2032-04-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| GC FERRY ACQU I INC TL                                                  | GC FERRY ACQU I INC TL                                                                                  | CUSIP: 32009UAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     13125 | PA      | $13083.13     | 0.01%             | 2032-06-04      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                        | CYH 9.75 01/15/34 144A                                                                                  | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92826.92     | 0.06%             | 2034-01-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| First Brands Group LLC                                                  | TRICGR L 06/29/26 1                                                                                     | CUSIP: 31935HAM9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |     22231 | PA      | $5224.24      | 0.00%             | 2026-06-29      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSUER TRUST                                           | MIDCAP F 01/15/56 144a                                                                                  | CUSIP: 59590AAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $188000.00    | 0.13%             | 2056-01-15      | Variable      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| Hologic, Inc.                                                           | Hologic, Inc. Term Loan B 225 2033-01-04                                                                | CUSIP: 43644ABL2<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | LON              | CORP              | US        |     90000 | PA      | $89494.20     | 0.06%             | 2033-01-14      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD U.S. BORROWER LLC                                   | CWK 6.75 05/15/28 144A                                                                                  | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30002.50     | 0.02%             | 2028-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                      | VIKCRU 7 02/15/29 144a                                                                                  | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    130000 | PA      | $130348.98    | 0.09%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| athenahealth                                                            | athenahealth Term Loan B 350 2029-01-16                                                                 | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |     39899 | PA      | $39721.29     | 0.03%             | 2029-02-15      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                        | CYH 5.25 05/15/30 144A                                                                                  | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94423.59     | 0.06%             | 2030-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2022-NQM1                           | GSMBS 2022-NQM1 A4                                                                                      | CUSIP: 36264EAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    162702 | PA      | $150338.25    | 0.10%             | 2062-05-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GREYWOLF CLO IV LTD                                                     | GWOLF 2019-1A CR2                                                                                       | CUSIP: 39809TBC0<br>LEI: 5493008JNE27URH1VF66 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99879.17     | 0.07%             | 2034-04-17      | Floating      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| BLOCK INC                                                               | XYZ 6 08/15/33 144A                                                                                     | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99807.00     | 0.07%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CORECIVIC INC                                                           | CXW 8.25 04/15/29                                                                                       | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41669.88     | 0.03%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LLC                                             | CRGYFN 7.375 01/15/33 144A                                                                              | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163752.48    | 0.11%             | 2033-01-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE CLO 2022-3 LTD                                            | PLMRS 2022-3A D1R                                                                                       | CUSIP: 69690ABC0<br>LEI: 5493000CAZ8VWJGUOH13 | Long             | ABS-CBDO         | CORP              | JE        |    150000 | PA      | $149250.00    | 0.10%             | 2037-07-20      | Floating      | 6.63%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                                                      | META 5.5 11/15/45                                                                                       | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    190000 | PA      | $176532.33    | 0.12%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC MSCR TRUST MN12                                             | MSCR 2025-MN12 M2                                                                                       | CUSIP: 355913AB0<br>LEI: 529900KABSM46L5D1T20 | Long             | ABS-O            | USGSE             | US        |    110000 | PA      | $109546.80    | 0.08%             | 2045-11-25      | Floating      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| VIASAT INC                                                              | VSAT 5.625 04/15/27 144A                                                                                | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49879.75     | 0.03%             | 2027-04-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ROCKET MORTGAGE LLC                                                     | RKT 3.625 03/01/29 144A                                                                                 | CUSIP: 74841CAA9<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67183.76     | 0.05%             | 2029-03-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                   | AAL 5.75 04/20/29 144A                                                                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10006.79     | 0.01%             | 2029-04-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CARRIAGE PURCHASER INC                                                  | PSLOGI 7.875 10/15/29 144A                                                                              | CUSIP: 14445LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $194294.16    | 0.13%             | 2029-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                      | BX 2021-ACNT A                                                                                          | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    144844 | PA      | $144871.00    | 0.10%             | 2038-11-15      | Floating      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                                                 | EMPRCC 9.75 05/01/29 144A                                                                               | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $50962.25     | 0.04%             | 2029-05-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                                   | JANEST 7.125 04/30/31 144A                                                                              | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51838.54     | 0.04%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CALABRIO INC TL                                                         | CALABRIO INC TL                                                                                         | CUSIP: 12804VAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $23306.40     | 0.02%             | 2032-10-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Opella (Sanofi consumer healthcare)                                     | Opella (Sanofi consumer healthcare) Term Loan B 300 2032-04-01                                          | CUSIP: F7000QAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    169150 | PA      | $169784.31    | 0.12%             | 2032-04-28      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Pye-Barker Fire & Safety LLC                                            | PYFISA L 12/16/32 2                                                                                     | CUSIP: 69380SAC7<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |      7520 | PA      | $7547.60      | 0.01%             | 2032-12-09      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                            | CHTR 7.375 02/01/36 144A                                                                                | CUSIP: 1248EPCV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $117643.09    | 0.08%             | 2036-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                        | CSCHLD 6.5 02/01/29 144A                                                                                | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    400000 | PA      | $249018.96    | 0.17%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Gainwell Technologies (fka Milano Acqusition/DXC State & Local HHS)     | Gainwell Technologies (fka Milano Acqusition/DXC State & Local HHS) First-lien Term Loan 400 2027-08-03 | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     69816 | PA      | $68536.07     | 0.05%             | 2027-08-17      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE 2019 INC / CSL CAP LLC             | UNIT 6.5 02/15/29 144A                                                                                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19650.32     | 0.01%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                                                           | TDG 4.625 01/15/29                                                                                      | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49338.46     | 0.03%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Starwood Property Mortgage                                              | Starwood Property Mortgage Term Loan B (Incremental) 225 2032-08-09                                     | CUSIP: 85570DAP7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49750 | PA      | $49889.80     | 0.03%             | 2032-08-13      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| NORTHERN INSTITUTIONAL FUNDS                                            | NORTHERN INSTITUTIONAL FUNDS TREAS PRT PRMR                                                             | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |      2747 | NS      | $2746.66      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH DBS CORP                                                           | DISH 5.25 12/01/26 144A                                                                                 | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $79238.79     | 0.05%             | 2026-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| UST Holdings                                                            | UST Holdings Term Loan B 375 2028-10-16                                                                 | CUSIP: 90355HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     76079 | PA      | $74176.64     | 0.05%             | 2028-11-02      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| RAILWORKS HOLDINGS LP                                                   | RWORKS 8.25 11/15/28 144A                                                                               | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50107.90     | 0.03%             | 2028-11-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                                    | RRC 4.75 02/15/30 144A                                                                                  | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88304.34     | 0.06%             | 2030-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Mortgage                                              | Starwood Property Mortgage Term Loan B 175 2027-11-01                                                   | CUSIP: 85570DAN2<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |     46635 | PA      | $46540.40     | 0.03%             | 2027-11-18      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Harbor Freight                                                          | Harbor Freight Term Loan B 250 2031-05-27                                                               | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |     93028 | PA      | $92883.01     | 0.06%             | 2031-06-05      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| Gen Digital (fka NortonLifelock)                                        | Gen Digital (fka NortonLifelock) Term Loan B 175 2029-09-01                                             | CUSIP: 66877AAF5<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |     59764 | PA      | $58776.49     | 0.04%             | 2029-09-12      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| NEW GENERATION 0.00%                                                    | NEW GENERATION 0.00%                                                                                    | CUSIP: 64199ANB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    189189 | PA      | $196766.72    | 0.14%             | 2029-09-30      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| SPIRIT AIRLINES LLC TL                                                  | SPIRIT AIRLINES LLC TL                                                                                  | CUSIP: 84859TAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     19549 | PA      | $18571.46     | 0.01%             | 2026-07-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                      | VEGLPL 6.5 06/15/34 144A                                                                                | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10464.33     | 0.01%             | 2034-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                            | CHTR 7 02/01/33 144A                                                                                    | CUSIP: 1248EPCU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $207003.98    | 0.14%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA MERRILL LYNCH COMMERCIAL MORTGAGE TRUST 2017-BNK3       | BACM 2017-BNK3 D                                                                                        | CUSIP: 06427DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $103868.95    | 0.07%             | 2050-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                               | OXY 4.4 08/15/49                                                                                        | CUSIP: 674599CY9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     60000 | PA      | $45039.00     | 0.03%             | 2049-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                                     | HBMCN 6.125 04/01/29 144A                                                                               | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $50195.60     | 0.03%             | 2029-04-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP                                            | TEP 6 12/31/30 144A                                                                                     | CUSIP: 87470LAJ0<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50265.20     | 0.03%             | 2030-12-31      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                     | MEDIND 6.25 04/01/29 144A                                                                               | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153393.15    | 0.11%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-3                                       | VERUS 2024-3 A3                                                                                         | CUSIP: 92540MAC9<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-O            | CORP              | US        |     69522 | PA      | $70182.72     | 0.05%             | 2069-04-25      | Variable      | 6.85%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-BIO2                                  | BX 2024-BIO2 D                                                                                          | CUSIP: 05613GAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $93669.38     | 0.06%             | 2041-08-13      | Variable      | 7.97%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                           | C V6.625 PERP                                                                                           | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182206.23    | 0.13%             | 2049-12-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-COPT                                  | BX 2025-COPT A                                                                                          | CUSIP: 05618XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100249.02    | 0.07%             | 2042-08-15      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                                               | SUN V7.875 PERP 144A                                                                                    | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    127000 | PA      | $131515.61    | 0.09%             | 2049-12-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| KKR Real Estate Finance Trust/KREF Holdings X                           | KKR Real Estate Finance Trust/KREF Holdings X Term Loan B 250 2032-02-01                                | CUSIP: 48266YAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    128777 | PA      | $125155.65    | 0.09%             | 2032-03-05      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| AMC GLOBAL MEDIA INC                                                    | AMCX 10.5 07/15/32 144A                                                                                 | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20617.38     | 0.01%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                                   | QNTELE 5.75 08/15/32 144A                                                                               | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60577.26     | 0.04%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| COLUMBIA CENT CLO 35 LTD                                                | CECLO 2025-35A D1A                                                                                      | CUSIP: 19739RAJ7<br>LEI: 2549006YWAD6BJI1C841 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100519.44    | 0.07%             | 2036-07-25      | Floating      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| DISCOVERY GLOBAL HOLDINGS INC                                           | WBD 4.279 03/15/32 *                                                                                    | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     58000 | PA      | $52532.34     | 0.04%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| GRUPO FINANCIERO BANORTE SAB DE CV                                      | GRUPO FINANCIERO BANORTE SAB DE CV COM NPV SERIES O                                                     | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     76000 | NS      | $828240.55    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                                            | BRISTOL-MYERS SQUIBB COMPANY COM USD0.10                                                                | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      5906 | NS      | $357844.54    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                                                               | ONEOK INC COM USD0.01                                                                                   | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      6620 | NS      | $612085.20    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE INC                                               | UNITED PARCEL SERVICE INC CLASS'B'COM USD0.01                                                           | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      2109 | NS      | $229459.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                                                       | CISCO SYSTEMS INC COM USD0.001                                                                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      2774 | NS      | $253821.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA COMPANY (THE)                                                 | COCA-COLA COMPANY (THE) COM USD0.25                                                                     | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     10533 | NS      | $829579.08    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                                                | SNEX 6.875 07/15/32 144A                                                                                | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51697.25     | 0.04%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| WW INTL INC TL                                                          | WW INTL INC TL                                                                                          | CUSIP: 92941PAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90000 | PA      | $58300.20     | 0.04%             | 2030-06-25      | Fixed         | 10.51%                | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                      | VEGLPL 6.75 01/15/36 144A                                                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    240000 | PA      | $255129.60    | 0.18%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Medline Industries                                                      | Medline Industries Term Loan B 200 2028-10-01                                                           | CUSIP: 58503UAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     17138 | PA      | $17195.01     | 0.01%             | 2028-10-23      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                     | DOMINION ENERGY INC COM STK NPV                                                                         | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      4492 | NS      | $289734.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL FLAVORS & FRAGRANCES INC                                  | INTERNATIONAL FLAVORS & FRAGRANCES INC COM USD0.125                                                     | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      4512 | NS      | $316742.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2025-FL1 LLC                  | ARCREN 2025-FL1 A                                                                                       | CUSIP: 03881KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $149795.76    | 0.10%             | 2042-08-20      | Floating      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Natgasoline                                                             | Natgasoline Term Loan B 550 2030-03-09                                                                  | CUSIP: 63232EAD9<br>LEI: 549300OHXDYMQYZOWC24 | Long             | LON              | CORP              | US        |     39000 | PA      | $39227.37     | 0.03%             | 2030-03-24      | Floating      | 9.80%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                       | JOHNSON & JOHNSON COM USD1.00                                                                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3593 | NS      | $825851.05    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                    | LOCKHEED MARTIN CORP COM USD1.00                                                                        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       512 | NS      | $265200.64    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                                            | CHEVRON CORP COM USD0.75                                                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2907 | NS      | $561952.17    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORP                                                         | MCDONALD'S CORP COM USD0.01                                                                             | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1324 | NS      | $388713.16    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS LP                                         | ENTERPRISE PRODUCTS PARTNERS LP COM UNITS REP LIM PART INT                                              | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     13771 | NS      | $532937.70    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                                         | CVS HEALTH CORP COM USD0.01                                                                             | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      3140 | NS      | $261530.60    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health (fka Valeant)                                             | Bausch Health (fka Valeant) Term Loan B 625 2030-09-17                                                  | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     39700 | PA      | $38598.33     | 0.03%             | 2030-09-25      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                   | LVLT 6.875 06/30/33 144A                                                                                | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51601.59     | 0.04%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| NISOURCE INC                                                            | NISOURCE INC COM USD0.01                                                                                | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      5223 | NS      | $252166.44    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORP                                                     | NORTHERN TRUST CORP COM USD1.666                                                                        | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      1425 | NS      | $237034.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                                                             | PEPSICO INC CAP USD0.016666                                                                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      3825 | NS      | $606224.25    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                                  | PNC FINANCIAL SERVICES GROUP INC (THE) COM USD5                                                         | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      1350 | NS      | $301050.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP                                                              | SYSCO CORP COM USD1                                                                                     | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      3015 | NS      | $225250.65    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JAMESTOWN CLO IX LTD                                                    | JTWN 2016-9A CR3                                                                                        | CUSIP: 47048JBK8<br>LEI: 254900NFTK4YH0WYT485 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $144836.88    | 0.10%             | 2034-07-25      | Floating      | 6.92%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                | TIBX 6.625 08/15/33 144A                                                                                | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35826.51     | 0.02%             | 2033-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                                 | MRP 6.375 08/01/30 144A                                                                                 | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101276.40    | 0.07%             | 2030-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MOUNTAIN VIEW CLO XIX LTD                                               | MVEW 2025-1A D1                                                                                         | CUSIP: 623910AN6<br>LEI: 254900L6WFB2NIQTBG86 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99980.46     | 0.07%             | 2038-10-17      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Power Home Remodeling                                                   | Power Home Remodeling Term Loan B 400 2032-02-04                                                        | CUSIP: 40445XAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59550 | PA      | $59140.89     | 0.04%             | 2032-02-20      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| CFC Group                                                               | CFC Group Term Loan B 375 2032-05-18                                                                    | CUSIP: 12531JAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    109725 | PA      | $105610.31    | 0.07%             | 2032-05-30      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                                   | QNTELE 6.25 08/15/33 144A                                                                               | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51156.30     | 0.04%             | 2033-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SolarWinds                                                              | SolarWinds First-lien Term Loan 400 2032-03-01                                                          | CUSIP: 85554UAB0<br>LEI: 254900ZM34IBOK68V949 | Long             | LON              | CORP              | US        |    117176 | PA      | $99306.47     | 0.07%             | 2032-03-12      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| 1261229 B.C. LTD                                                        | BHCCN 10 04/15/32 144A                                                                                  | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $206555.60    | 0.14%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                    | FLTR 5.875 06/04/31 144A                                                                                | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $199252.00    | 0.14%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| DWIGHT 2025-FL1 ISSUER LLC                                              | DWIGHT 2025-FL1 A                                                                                       | CUSIP: 233636AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100155.68    | 0.07%             | 2042-09-18      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| DISCOVERY GLOBAL HOLDINGS INC                                           | WBD 5.05 03/15/42 *                                                                                     | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    110000 | PA      | $78488.30     | 0.05%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NEW MOUNTAIN CLO 5 LTD                                                  | NMC CLO-5A D1R                                                                                          | CUSIP: 64754WAQ6<br>LEI: 2549000KVE2J1UOHZ207 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100277.70    | 0.07%             | 2036-07-20      | Variable      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY PARTNERS LLC                                    | HOWARD 6.625 01/15/34 144A                                                                              | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61037.64     | 0.04%             | 2034-01-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Virtu Financial                                                         | Virtu Financial Term Loan B 250 2031-06-01                                                              | CUSIP: 91820UAV2<br>LEI: 549300FRO9M476YHHY64 | Long             | LON              | CORP              | US        |    148500 | PA      | $148871.25    | 0.10%             | 2031-06-21      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Action Nederland B.V.                                                   | Action Nederland B.V. Term Loan B-5B 250 2031-07-01                                                     | CUSIP: N6872NAN6<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |     88875 | PA      | $89030.53     | 0.06%             | 2031-07-01      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                    | RGCARE 7 05/01/34 144A                                                                                  | CUSIP: 53219LBA6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19501.34     | 0.01%             | 2034-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| AMMC CLO 24 LTD                                                         | AMMC 2021-24A DR                                                                                        | CUSIP: 00177LAQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    150000 | PA      | $148608.47    | 0.10%             | 2035-01-20      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| SPIRIT AIRLINES LLC TL                                                  | SPIRIT AIRLINES LLC TL                                                                                  | CUSIP: LX2812563<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120214 | PA      | $42075.05     | 0.03%             | 2026-07-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Two Kings Casino                                                        | Two Kings Casino Term Loan B 475 2032-03-01                                                             | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     70000 | PA      | $70271.60     | 0.05%             | 2031-12-16      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| LifePoint Health                                                        | LifePoint Health Term Loan B (Incremental) 350 2031-05-01                                               | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |     39401 | PA      | $39130.37     | 0.03%             | 2031-05-17      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| Authentic Brands                                                        | Authentic Brands Term Loan B (Incremental) 225 2032-02-04                                               | CUSIP: 00076VBM1<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     93270 | PA      | $93366.56     | 0.06%             | 2032-02-12      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                                                    | CAPCOP 6.75 03/31/33 144A                                                                               | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $30530.43     | 0.02%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                                                    | RKT 6.125 08/01/30 144A                                                                                 | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60890.10     | 0.04%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                         | GEN 6.25 04/01/33 144A                                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77959.64     | 0.05%             | 2033-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Ascensus                                                                | Ascensus Term Loan B 300 2028-08-01                                                                     | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    110000 | PA      | $108982.50    | 0.07%             | 2028-08-02      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                            | UVN 8.875 04/15/33 144A                                                                                 | CUSIP: 914906BB7<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30163.51     | 0.02%             | 2033-04-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS DEL PERU' - PETROPERU SA                                      | PETRPE 5.625 06/19/47 144A                                                                              | CUSIP: 716564AB5<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    250000 | PA      | $176237.50    | 0.12%             | 2047-06-19      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Cotiviti Inc                                                            | Cotiviti Inc Term Loan B (Incremental) 275 2032-02-06                                                   | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    119100 | PA      | $109061.06    | 0.07%             | 2032-02-13      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| First Eagle Holdings                                                    | First Eagle Holdings Term Loan B 350 2032-05-25                                                         | CUSIP: 32009UAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     76683 | PA      | $76438.19     | 0.05%             | 2032-06-04      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Novolex                                                                 | Novolex Term Loan B (Incremental) 325 2032-03-15                                                        | CUSIP: 18972FAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     29925 | PA      | $27677.28     | 0.02%             | 2032-03-27      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| RR 18 LTD                                                               | RRAM 2021-18A DR                                                                                        | CUSIP: 749737AJ1<br>LEI: 54930003V8ISBLDELD80 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $149505.69    | 0.10%             | 2040-07-15      | Variable      | 8.57%                 | Yes           |                  2 | On Loan: No      |
| IntraFi Network (fka Promontory Interfinancial Network)                 | IntraFi Network (fka Promontory Interfinancial Network) Term Loan B (Incremental) 400 2031-07-01        | CUSIP: 65343UAJ1<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |     39800 | PA      | $38984.10     | 0.03%             | 2031-07-31      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                              | FMCN 7.25 02/15/34 144A                                                                                 | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $267310.16    | 0.18%             | 2034-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPELINE LP                                         | PAA V0 PERP B                                                                                           | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129940.51    | 0.09%             | 2049-12-31      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| COLT 2022-3 MORTGAGE LOAN TRUST                                         | COLT 2022-3 A1                                                                                          | CUSIP: 12659YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165774 | PA      | $162607.40    | 0.11%             | 2067-02-25      | Variable      | 4.22%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | FR SD8222                                                                                               | CUSIP: 3132DWD34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76052 | PA      | $71505.66     | 0.05%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virgin Media                                                            | Virgin Media Term Loan Y (Add-on) 325 2031-03-01                                                        | CUSIP: G9368PBK9<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    100000 | PA      | $93229.00     | 0.06%             | 2031-02-28      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| EUC (End User Computing)                                                | EUC (End User Computing) Term Loan B 450 2031-04-01                                                     | CUSIP: 60753DAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     93031 | PA      | $84012.65     | 0.06%             | 2031-04-18      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST 2015-GS1                                   | GSMS 2017-GS6 A2                                                                                        | CUSIP: 36253PAB8<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-O            | CORP              | US        |    184774 | PA      | $182996.58    | 0.13%             | 2050-05-10      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM2                               | BRAVO 2022-NQM2 A3                                                                                      | CUSIP: 10568KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113598 | PA      | $112447.89    | 0.08%             | 2061-11-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL COLLEGIATE STUDENT LOAN TRUST 2007-2 (THE)                     | NCSLT 2007-2 A4                                                                                         | CUSIP: 63543LAD7<br>LEI: 635400VQIBXGEB9ZUC59 | Long             | ABS-O            | CORP              | US        |    138954 | PA      | $136830.74    | 0.09%             | 2033-01-25      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P8                             | CGCMT 2017-P8 A3                                                                                        | CUSIP: 17326DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $246724.73    | 0.17%             | 2050-09-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                         | SCRT 2022-1 M                                                                                           | CUSIP: 35563PC80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    130000 | PA      | $121056.91    | 0.08%             | 2061-11-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                                | WYNFIN 7.125 02/15/31 144A                                                                              | CUSIP: 983133AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52920.10     | 0.04%             | 2031-02-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ALTICE STOCK EUR                                                        | ALTICE STOCK EUR                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      3803 | NS      | $69182.57     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM1                               | BRAVO 2022-NQM1 A1                                                                                      | CUSIP: 10569FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    128345 | PA      | $126410.21    | 0.09%             | 2061-09-25      | Variable      | 4.63%                 | Yes           |                  2 | On Loan: No      |
| MF1 2022-FL9 LLC                                                        | MF1 2022-FL9 A                                                                                          | CUSIP: 55285AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    145009 | PA      | $145044.42    | 0.10%             | 2037-06-19      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| INTEL CORP                                                              | INTC 5.7 02/10/53                                                                                       | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28061.84     | 0.02%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Internet Brands                                                         | Internet Brands Term Loan B 425 2028-04-10                                                              | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     99194 | PA      | $91168.59     | 0.06%             | 2028-04-25      | Floating      | 9.24%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST 2015-GC32                                  | GSMS 2015-GC32 D                                                                                        | CUSIP: 36250PAM7<br>LEI: 54930066YOFVQE068N73 | Long             | ABS-O            | CORP              | US        |      2920 | PA      | $2854.69      | 0.00%             | 2048-07-10      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| SYMPHONY CLO XXV LTD                                                    | SYMP 2021-25A D                                                                                         | CUSIP: 87167WAJ4<br>LEI: 5493006CLZCEH6WYKR81 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $242201.13    | 0.17%             | 2034-04-19      | Floating      | 7.54%                 | Yes           |                  2 | On Loan: No      |
| First Brands (Trico Group)                                              | First Brands (Trico Group) Term Loan B (Add-on) 500 2027-03-01                                          | CUSIP: 31935HAG2<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |     45667 | PA      | $38.36        | 0.00%             | 2027-03-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Sedgwick CMS                                                            | Sedgwick CMS Term Loan B 250 2031-07-01                                                                 | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |     92443 | PA      | $91723.80     | 0.06%             | 2028-02-17      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                                       | CHRD 6.75 03/15/33 144A                                                                                 | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62434.32     | 0.04%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2021-A                                 | SMB 2021-A D1                                                                                           | CUSIP: 78448YAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135505 | PA      | $122045.67    | 0.08%             | 2053-01-15      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                       | DISH 11.75 11/15/27 144A                                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165168.00    | 0.11%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                   | AAL 7.25 02/15/28 144A                                                                                  | CUSIP: 023771T32<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40536.76     | 0.03%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                                    | NEFINA 8 04/15/30 144A                                                                                  | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $72804.62     | 0.05%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| GOODLEAP SUSTAINABLE HOME SOLUTIONS TRUST 2021-3                        | GOOD 2021-3CS C                                                                                         | CUSIP: 382371AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    422232 | PA      | $170240.59    | 0.12%             | 2048-05-20      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| KREF 2022-FL3 LTD                                                       | KREF 2022-FL3 D                                                                                         | CUSIP: 48275EAJ5<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $149999.18    | 0.10%             | 2039-02-17      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALETL                                                            | CLYDESDALETL                                                                                            | CUSIP: 18972FAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50000 | PA      | $47585.00     | 0.03%             | 2029-03-30      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM2                               | BRAVO 2022-NQM2 A1                                                                                      | CUSIP: 10568KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90878 | PA      | $90399.22     | 0.06%             | 2061-11-25      | Variable      | 4.27%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | CAS 2022-R08 1M2                                                                                        | CUSIP: 20755DAB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    200000 | PA      | $205839.36    | 0.14%             | 2042-07-25      | Floating      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                | TIBX 9 09/30/29 144A                                                                                    | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9818.85      | 0.01%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Electronic Arts                                                         | Electronic Arts Term Loan B 350 2033-03-14                                                              | CUSIP: 67123SAB5<br>LEI: 6488ICS9P20290MA1H31 | Long             | LON              | CORP              | US        |     30000 | PA      | $30007.50     | 0.02%             | 2033-03-24      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| PIONEER AIRCRAFT FINANCE LTD                                            | PION 2019-1 A                                                                                           | CUSIP: 72353PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     33509 | PA      | $33362.56     | 0.02%             | 2044-06-15      | Fixed         | 3.97%                 | Yes           |                  2 | On Loan: No      |
| SALT 2021-1 TRUST                                                       | SALTT 2021-1A A                                                                                         | CUSIP: 78433XAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133150 | PA      | $130128.89    | 0.09%             | 2033-02-28      | Fixed         | 2.67%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                   | FN MA4599                                                                                               | CUSIP: 31418EDD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    156350 | PA      | $137029.07    | 0.09%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ANGOLA, REPUBLIC OF - MINISTRY OF FINANCE                               | ANGOL 8.75 04/14/32 144A                                                                                | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    210000 | PA      | $218928.17    | 0.15%             | 2032-04-14      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| OIS BRL RCV 13.3% PAY BZDIO1D 02-JAN-2031                               | OIS BRL RCV 13.3% PAY BZDIO1D 02-JAN-2031                                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | BR        |   1441860 | OU      | $-4451.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS BRL RCV 10.23% PAY BZDIO1D 02-JAN-2029                              | OIS BRL RCV 10.23% PAY BZDIO1D 02-JAN-2029                                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | BR        |   3493323 | OU      | $-119318.52   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP MXN RCV 8.885% PAY MXIBTIEF1D 10-NOV-2034                       | OIS_CCP MXN RCV 8.885% PAY MXIBTIEF1D 10-NOV-2034                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | MX        |   3550000 | OU      | $9109.67      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP MXN RCV 8.902% PAY MXIBTIEF1D 16-NOV-2029                       | OIS_CCP MXN RCV 8.902% PAY MXIBTIEF1D 16-NOV-2029                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | MX        |  20240000 | OU      | $46106.20     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS BRL RCV 13.25% PAY BZDIO1D 02-JAN-2031                              | OIS BRL RCV 13.25% PAY BZDIO1D 02-JAN-2031                                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | BR        |    887813 | OU      | $-3166.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EQIX RCV WAM EM FRO PAY SOFR 1D 09-07-26                                | EQIX RCV WAM EM FRO PAY SOFR 1D 09-07-26                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |      2832 | OU      | $15660.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CDS_IX_CCP CDX.NA.HY.46 5% 20310620                                     | CDS_IX_CCP CDX.NA.HY.46 5% 20310620                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |    211700 | OU      | $-15055.49    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CDS_SN_CCP MGM RESORTS INTL 4.75 5% 20300620                            | CDS_SN_CCP MGM RESORTS INTL 4.75 5% 20300620                                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |     75000 | OU      | $-9934.70     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CDS_SN_CCP CAESARS ENTERTAIN INC 5% 20300620                            | CDS_SN_CCP CAESARS ENTERTAIN INC 5% 20300620                                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |     75000 | OU      | $5520.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Morningstar Funds Trust

**Signature:** D. Scott Schilling

**Name of Signer:** D. Scott Schilling

**Title:** Chief Compliance Officer