# EDGAR Filing Document

**Accession Number:** 0000088063
**File Stem:** 0001410368-26-065695
**Filing Date:** 2026-6
**Character Count:** 217568
**Document Hash:** 30e0e3700ecd6f0b50f6a7c50dc2c0fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-065695.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0001410368-26-065695

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20270131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS PORTFOLIO TRUST
- **CENTRAL INDEX KEY:** 0000088063

**ORGANIZATION NAME:**
- **EIN:** 046013018
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00042
- **FILM NUMBER:** 261118034

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE PORTFOLIO TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS PORTFOLIO TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER PORTFOLIO TRUST/
- **DATE OF NAME CHANGE:** 19930305

## Series and Classes Contracts Data

### DWS Total Return Bond Fund (Series ID: S000006101)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000016770 | Class A             | SZIAX           |
| C000016773 | Class C             | SZICX           |
| C000016774 | Class S             | SCSBX           |
| C000016775 | Institutional Class | SZIIX           |

## Nport-Ex

Investment Portfolio**as of April 30, 2026 (Unaudited)** 

**DWS Total Return Bond Fund** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($)**<br>| **Value ($)** |
| **Corporate Bonds 43.3%** | **Corporate Bonds 43.3%** |  |
| **Communication Services 4.9%** | **Communication Services 4.9%** |  |
| Airbnb, Inc., 5.25%, 3/16/2036  | 400000 | &nbsp;&nbsp; 398919 |
| Alphabet, Inc., 5.25%, 5/15/2055  | 425000 | &nbsp;&nbsp; 395353 |
| AT&T, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 3.55%, 9/15/2055 | 220000 | &nbsp;&nbsp; 141662 |
| &nbsp;&nbsp;&nbsp; 4.75%, 4/30/2033 | 488000 | &nbsp;&nbsp; 481620 |
| &nbsp;&nbsp;&nbsp; 4.9%, 11/1/2035 | 600000 | &nbsp;&nbsp; 583619 |
| &nbsp;&nbsp;&nbsp; 6.2%, 10/30/2056 | 500000 | &nbsp;&nbsp; 495305 |
| CCO Holdings LLC, 144A, 5.125%, 5/1/2027  | 462000 | &nbsp;&nbsp; 461490 |
| Charter Communications Operating LLC: |  |  |
| &nbsp;&nbsp;&nbsp; 5.85%, 12/1/2035 | 571000 | &nbsp;&nbsp; 557126 |
| &nbsp;&nbsp;&nbsp; 6.384%, 10/23/2035 | 300000 | &nbsp;&nbsp; 303114 |
| Discovery Global Holdings, Inc., 4.054%, 3/15/2029  | 1300000 | &nbsp;&nbsp; 1265199 |
| Meta Platforms, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.875%, 5/15/2033 (a) | 558000 | &nbsp;&nbsp; 557751 |
| &nbsp;&nbsp;&nbsp; 5.25%, 5/15/2036 (a) | 581000 | &nbsp;&nbsp; 579370 |
| &nbsp;&nbsp;&nbsp; 5.4%, 8/15/2054 | 291000 | &nbsp;&nbsp; 258636 |
| &nbsp;&nbsp;&nbsp; 5.625%, 11/15/2055 (b) | 300000 | &nbsp;&nbsp; 275464 |
| &nbsp;&nbsp;&nbsp; 6.3%, 5/15/2056 (a) | 393000 | &nbsp;&nbsp; 393605 |
| Omnicom Group, Inc., 4.2%, 3/2/2029  | 462000 | &nbsp;&nbsp; 456866 |
| Orange SA, 144A, 5.0%, 1/13/2036  | 500000 | &nbsp;&nbsp; 489144 |
| Paramount Global, 4.2%, 6/1/2029  | 725000 | &nbsp;&nbsp; 698483 |
| TELUS Corp., 6.625%, 6/9/2056  | 600000 | &nbsp;&nbsp; 596698 |
| T-Mobile U.S.A., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.3%, 5/15/2035 (b) | 390000 | &nbsp;&nbsp; 392953 |
| &nbsp;&nbsp;&nbsp; 5.875%, 11/15/2055 | 500000 | &nbsp;&nbsp; 483209 |
| Verizon Communications, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 11/20/2040 | 117000 | &nbsp;&nbsp; 82020 |
| &nbsp;&nbsp;&nbsp; 2.85%, 9/3/2041 | 150000 | &nbsp;&nbsp; 105391 |
| &nbsp;&nbsp;&nbsp; 3.7%, 3/22/2061 | 132000 | &nbsp;&nbsp; 87408 |
| &nbsp;&nbsp;&nbsp; 5.875%, 11/30/2055 (b) | 220000 | &nbsp;&nbsp; 212612 |
| Vodafone Group PLC, 4.375%, 2/19/2043 (b) | 375000 | &nbsp;&nbsp; 315748 |
|  |  | &nbsp;&nbsp; **11068765** |
| **Consumer Discretionary 3.3%** | **Consumer Discretionary 3.3%** |  |
| Amazon.com, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.875%, 3/13/2036 (b) | 750000 | &nbsp;&nbsp; 738999 |
| &nbsp;&nbsp;&nbsp; 5.8%, 3/13/2056 | 500000 | &nbsp;&nbsp; 492120 |
| American Honda Finance Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.9%, 4/10/2031 | 460000 | &nbsp;&nbsp; 459105 |
| &nbsp;&nbsp;&nbsp; 5.1%, 1/8/2036 (b) | 400000 | &nbsp;&nbsp; 391486 |
| Carnival Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.125%, 5/1/2029 | 500000 | &nbsp;&nbsp; 498501 |
| &nbsp;&nbsp;&nbsp; 144A, 5.875%, 6/15/2031 | 250000 | &nbsp;&nbsp; 253556 |
| &nbsp;&nbsp;&nbsp; 144A, 6.125%, 2/15/2033 (b) | 144000 | &nbsp;&nbsp; 146111 |
| Ford Motor Credit Co. LLC: |  |  |
| &nbsp;&nbsp;&nbsp; 5.753%, 4/6/2033 | 600000 | &nbsp;&nbsp; 594804 |
| &nbsp;&nbsp;&nbsp; 7.35%, 3/6/2030 | 749000 | &nbsp;&nbsp; 793113 |

---

------

---

| | | |
|:---|:---|:---|
| General Motors Financial Co., Inc., 6.4%, 1/9/2033  | 725000 | &nbsp;&nbsp; 772041 |
| Marriott International, Inc., 5.1%, 5/1/2038  | 761000 | &nbsp;&nbsp; 729853 |
| PulteGroup, Inc., 4.9%, 3/1/2036  | 684000 | &nbsp;&nbsp; 664113 |
| Royal Caribbean Cruises Ltd., 5.25%, 2/27/2038 (b) | 521000 | &nbsp;&nbsp; 497836 |
| Wyndham Hotels & Resorts, Inc., 144A, 5.625%, 3/1/2033  | 500000 | &nbsp;&nbsp; 494780 |
|  |  | &nbsp;&nbsp; **7526418** |
| **Consumer Staples 1.4%** | **Consumer Staples 1.4%** |  |
| Coty, Inc., 144A, 5.6%, 1/15/2031 (b) | 150000 | &nbsp;&nbsp; 145927 |
| JBS NV: |  |  |
| &nbsp;&nbsp;&nbsp; 3.625%, 1/15/2032 | 600000 | &nbsp;&nbsp; 554857 |
| &nbsp;&nbsp;&nbsp; 6.375%, 4/15/2066 | 305000 | &nbsp;&nbsp; 293656 |
| &nbsp;&nbsp;&nbsp; 6.75%, 3/15/2034 | 31000 | &nbsp;&nbsp; 33690 |
| Kraft Heinz Foods Co., 4.375%, 6/1/2046  | 395000 | &nbsp;&nbsp; 309548 |
| Maple Parent Holdings Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.75%, 3/26/2029 | 544000 | &nbsp;&nbsp; 543894 |
| &nbsp;&nbsp;&nbsp; 144A, 5.05%, 3/26/2031 | 300000 | &nbsp;&nbsp; 300621 |
| &nbsp;&nbsp;&nbsp; 144A, 6.625%, 3/26/2056 (b) | 250000 | &nbsp;&nbsp; 253112 |
| Mars, Inc., 144A, 5.7%, 5/1/2055  | 334000 | &nbsp;&nbsp; 324994 |
| Sysco Corp., 4.95%, 3/25/2036  | 500000 | &nbsp;&nbsp; 479770 |
|  |  | &nbsp;&nbsp; **3240069** |
| **Energy 5.6%** | **Energy 5.6%** |  |
| Baker Hughes Holdings LLC, 5.85%, 6/15/2056  | 275000 | &nbsp;&nbsp; 271444 |
| BP Capital Markets PLC, 6.125%, Perpetual  | 750000 | &nbsp;&nbsp; 766871 |
| DT Midstream, Inc., 144A, 4.125%, 6/15/2029  | 850000 | &nbsp;&nbsp; 832234 |
| Enbridge, Inc., Series 20-A, 5.75%, 7/15/2080  | 300000 | &nbsp;&nbsp; 301748 |
| Energy Transfer LP: |  |  |
| &nbsp;&nbsp;&nbsp; 5.7%, 4/1/2035 | 657000 | &nbsp;&nbsp; 673102 |
| &nbsp;&nbsp;&nbsp; 6.5%, 2/15/2056 | 460000 | &nbsp;&nbsp; 461240 |
| EQT Corp., 5.75%, 2/1/2034 (b) | 745000 | &nbsp;&nbsp; 771270 |
| Expand Energy Corp., 5.375%, 2/1/2029  | 585000 | &nbsp;&nbsp; 584859 |
| Hess Midstream Operations LP, 144A, 6.5%, 6/1/2029  | 1000000 | &nbsp;&nbsp; 1024575 |
| HF Sinclair Corp., 5.5%, 9/1/2032  | 468000 | &nbsp;&nbsp; 473586 |
| Kinetik Holdings LP, 144A, 6.625%, 12/15/2028  | 550000 | &nbsp;&nbsp; 561051 |
| Occidental Petroleum Corp., 8.875%, 7/15/2030  | 500000 | &nbsp;&nbsp; 569404 |
| Petrobras Global Finance BV: |  |  |
| &nbsp;&nbsp;&nbsp; 5.125%, 9/10/2030 | 675000 | &nbsp;&nbsp; 668959 |
| &nbsp;&nbsp;&nbsp; 6.25%, 1/10/2036 | 506000 | &nbsp;&nbsp; 505418 |
| Santos Finance Ltd., 144A, 5.75%, 11/13/2035  | 318000 | &nbsp;&nbsp; 321740 |
| Saudi Arabian Oil Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 2/2/2036 | 750000 | &nbsp;&nbsp; 737293 |
| &nbsp;&nbsp;&nbsp; 144A, 6.375%, 6/2/2055 | 210000 | &nbsp;&nbsp; 213961 |
| Sunoco LP, 144A, 6.25%, 7/1/2033  | 550000 | &nbsp;&nbsp; 562113 |
| Targa Resources Corp., 6.05%, 5/15/2056 (b) | 425000 | &nbsp;&nbsp; 412632 |
| Valero Energy Corp., 5.15%, 3/10/2036  | 700000 | &nbsp;&nbsp; 689225 |
| Venture Global Plaquemines LNG LLC, 144A, 7.75%, 5/1/2035 (b) | 500000 | &nbsp;&nbsp; 562357 |
| Western Midstream Operating LP: |  |  |
| &nbsp;&nbsp;&nbsp; 4.8%, 3/1/2031 | 150000 | &nbsp;&nbsp; 149002 |
| &nbsp;&nbsp;&nbsp; 5.45%, 11/15/2034 | 320000 | &nbsp;&nbsp; 318467 |
| Williams Companies, Inc., 5.15%, 3/15/2036  | 400000 | &nbsp;&nbsp; 394237 |
|  |  | &nbsp;&nbsp; **12826788** |
| **Financials 13.7%** | **Financials 13.7%** |  |
| AerCap Ireland Capital DAC, 4.75%, 1/15/2033 (b) | 423000 | &nbsp;&nbsp; 413611 |

---

------

---

| | | |
|:---|:---|:---|
| Avolon Holdings Funding Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.2%, 4/15/2029 (b) | 482000 | &nbsp;&nbsp; 473262 |
| &nbsp;&nbsp;&nbsp; 144A, 4.7%, 1/30/2031 | 213000 | &nbsp;&nbsp; 209230 |
| Banco Bilbao Vizcaya Argentaria SA, 4.968%, 5/8/2031 (a) | 800000 | &nbsp;&nbsp; 800290 |
| Banco BTG Pactual SA, 144A, 5.5%, 1/27/2031 (b) | 611000 | &nbsp;&nbsp; 602599 |
| Bank of America Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.464%, 5/9/2036 | 633000 | &nbsp;&nbsp; 646200 |
| &nbsp;&nbsp;&nbsp; 5.489%, 4/23/2037 | 623000 | &nbsp;&nbsp; 619411 |
| Banque Federative du Credit Mutuel SA, 144A, 4.541%, 1/15/2031 (b) | 600000 | &nbsp;&nbsp; 592953 |
| Barclays PLC, 4.521%, 2/24/2032  | 660000 | &nbsp;&nbsp; 646042 |
| Blackstone Private Credit Fund: |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 4/1/2030 | 500000 | &nbsp;&nbsp; 483847 |
| &nbsp;&nbsp;&nbsp; 5.95%, 7/16/2029 | 500000 | &nbsp;&nbsp; 500308 |
| BNP Paribas SA: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.916%, 1/15/2034 | 465000 | &nbsp;&nbsp; 455582 |
| &nbsp;&nbsp;&nbsp; 144A, 6.875%, Perpetual (b) | 300000 | &nbsp;&nbsp; 297967 |
| &nbsp;&nbsp;&nbsp; 144A, 7.2%, Perpetual | 750000 | &nbsp;&nbsp; 754400 |
| CaixaBank SA: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.818%, 4/22/2032 | 200000 | &nbsp;&nbsp; 198703 |
| &nbsp;&nbsp;&nbsp; 144A, 5.402%, 4/22/2037 | 458000 | &nbsp;&nbsp; 452460 |
| Capital One Financial Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.722%, 1/30/2032 | 666000 | &nbsp;&nbsp; 658097 |
| &nbsp;&nbsp;&nbsp; 5.399%, 1/30/2037 | 403000 | &nbsp;&nbsp; 395859 |
| Carlyle Group, Inc., 5.05%, 9/19/2035 (b) | 300000 | &nbsp;&nbsp; 289957 |
| Carlyle Secured Lending, Inc., 5.75%, 2/15/2031  | 500000 | &nbsp;&nbsp; 484079 |
| Charles Schwab Corp., Series H, 4.0%, Perpetual  | 750000 | &nbsp;&nbsp; 699032 |
| Citadel Finance LLC, 144A, 4.75%, 2/14/2029  | 500000 | &nbsp;&nbsp; 492206 |
| Citigroup, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.174%, 9/11/2036 (b) | 220000 | &nbsp;&nbsp; 217947 |
| &nbsp;&nbsp;&nbsp; 6.02%, 1/24/2036 | 640000 | &nbsp;&nbsp; 657032 |
| &nbsp;&nbsp;&nbsp; Series FF, 6.95%, Perpetual | 525000 | &nbsp;&nbsp; 534291 |
| EZCORP, Inc., 144A, 7.375%, 4/1/2032  | 550000 | &nbsp;&nbsp; 581438 |
| Fidelity National Information Services, Inc., 4.45%, 3/10/2028  | 549000 | &nbsp;&nbsp; 547460 |
| First Citizens BancShares, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.869%, 3/3/2032 (b) | 1000000 | &nbsp;&nbsp; 968828 |
| &nbsp;&nbsp;&nbsp; 5.6%, 9/5/2035 | 900000 | &nbsp;&nbsp; 879947 |
| Fiserv, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 3.5%, 7/1/2029 | 500000 | &nbsp;&nbsp; 480719 |
| &nbsp;&nbsp;&nbsp; 5.25%, 8/11/2035 (b) | 500000 | &nbsp;&nbsp; 487797 |
| Global Payments, Inc., 5.55%, 11/15/2035  | 400000 | &nbsp;&nbsp; 385784 |
| Goldman Sachs Group, Inc., 5.541%, 1/21/2047  | 221000 | &nbsp;&nbsp; 211331 |
| HSBC Holdings PLC: |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, Perpetual | 200000 | &nbsp;&nbsp; 202571 |
| &nbsp;&nbsp;&nbsp; 6.95%, Perpetual (b) | 750000 | &nbsp;&nbsp; 766223 |
| Jane Street Group, 144A, 6.125%, 11/1/2032  | 460000 | &nbsp;&nbsp; 462418 |
| Jefferies Financial Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.125%, 4/28/2031 | 436000 | &nbsp;&nbsp; 429946 |
| &nbsp;&nbsp;&nbsp; 5.5%, 2/15/2036 (b) | 750000 | &nbsp;&nbsp; 722252 |
| JPMorgan Chase & Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.148%, 4/23/2037 | 750000 | &nbsp;&nbsp; 745518 |
| &nbsp;&nbsp;&nbsp; Series PP, 6.1%, Perpetual (a) | 1034000 | &nbsp;&nbsp; 1034000 |
| &nbsp;&nbsp;&nbsp; Series OO, 6.5%, Perpetual | 441000 | &nbsp;&nbsp; 452711 |
| M&T Bank Corp., 5.295%, 4/18/2036  | 460000 | &nbsp;&nbsp; 456227 |
| Marsh & McLennan Companies, Inc., 5.45%, 3/15/2053  | 240000 | &nbsp;&nbsp; 225693 |
| Mitsubishi UFJ Financial Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.592%, 4/18/2030 | 400000 | &nbsp;&nbsp; 400007 |
| &nbsp;&nbsp;&nbsp; 5.325%, 4/21/2037 | 500000 | &nbsp;&nbsp; 499143 |
| Mizuho Bank Ltd., 144A, 5.185%, 4/16/2036  | 215000 | &nbsp;&nbsp; 213859 |

---

------

---

| | | |
|:---|:---|:---|
| Morgan Stanley: |  |  |
| &nbsp;&nbsp;&nbsp; 4.809%, 4/16/2032 | 500000 | &nbsp;&nbsp; 498776 |
| &nbsp;&nbsp;&nbsp; 5.073%, 1/30/2037 | 300000 | &nbsp;&nbsp; 293529 |
| &nbsp;&nbsp;&nbsp; 5.314%, 1/18/2041 | 136000 | &nbsp;&nbsp; 132358 |
| &nbsp;&nbsp;&nbsp; 5.664%, 4/17/2036 | 300000 | &nbsp;&nbsp; 308176 |
| &nbsp;&nbsp;&nbsp; 5.831%, 4/19/2035 | 500000 | &nbsp;&nbsp; 520223 |
| PNC Financial Services Group, Inc., 5.423%, 1/25/2041 (b) | 240000 | &nbsp;&nbsp; 235372 |
| Royal Bank of Canada, 6.35%, 11/24/2084  | 300000 | &nbsp;&nbsp; 290160 |
| Sompo Holdings, Inc., 144A, 5.411%, 4/22/2037  | 300000 | &nbsp;&nbsp; 295185 |
| Standard Chartered PLC, 144A, 5.243%, 1/13/2037  | 750000 | &nbsp;&nbsp; 734426 |
| Starwood Property Trust, Inc., 144A, (REIT), 5.25%, 10/15/2028  | 346000 | &nbsp;&nbsp; 344346 |
| Sumisho Air Lease Corp., 144A, 4.5%, 3/24/2029  | 247000 | &nbsp;&nbsp; 245497 |
| Sumitomo Mitsui Financial Group, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.57%, 1/15/2047 | 200000 | &nbsp;&nbsp; 193835 |
| &nbsp;&nbsp;&nbsp; 6.45%, Perpetual | 350000 | &nbsp;&nbsp; 349054 |
| Synchrony Financial, 4.947%, 2/25/2032  | 1000000 | &nbsp;&nbsp; 976980 |
| The Goldman Sachs Group, Inc., 4.939%, 10/21/2036  | 288000 | &nbsp;&nbsp; 279368 |
| UBS AG, 4.632%, 2/16/2032  | 750000 | &nbsp;&nbsp; 748395 |
| UBS Group AG: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.375%, Perpetual | 301000 | &nbsp;&nbsp; 275948 |
| &nbsp;&nbsp;&nbsp; 144A, 5.199%, 8/10/2037 | 311000 | &nbsp;&nbsp; 304963 |
| Wells Fargo & Co., 5.433%, 1/23/2047  | 450000 | &nbsp;&nbsp; 427852 |
|  |  | &nbsp;&nbsp; **31183680** |
| **Health Care 1.4%** | **Health Care 1.4%** |  |
| Amgen, Inc., 4.85%, 2/19/2036 (b) | 733000 | &nbsp;&nbsp; 717184 |
| CVS Health Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 9/15/2035 | 299000 | &nbsp;&nbsp; 301820 |
| &nbsp;&nbsp;&nbsp; 6.2%, 9/15/2055 (b) | 280000 | &nbsp;&nbsp; 278657 |
| Eli Lilly & Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 2/9/2054 | 320000 | &nbsp;&nbsp; 290026 |
| &nbsp;&nbsp;&nbsp; 5.2%, 8/14/2064 | 120000 | &nbsp;&nbsp; 109003 |
| HCA, Inc., 5.0%, 5/15/2033  | 1000000 | &nbsp;&nbsp; 993404 |
| Teva Pharmaceutical Finance Netherlands IV BV, 5.75%, 12/1/2030 (b) | 550000 | &nbsp;&nbsp; 564511 |
|  |  | &nbsp;&nbsp; **3254605** |
| **Industrials 2.4%** | **Industrials 2.4%** |  |
| ADT Security Corp., 144A, 4.875%, 7/15/2032 (b) | 550000 | &nbsp;&nbsp; 523803 |
| Block Financial LLC, 5.375%, 9/15/2032  | 480000 | &nbsp;&nbsp; 468564 |
| Boeing Co., 6.858%, 5/1/2054  | 330000 | &nbsp;&nbsp; 366576 |
| Burlington Northern Santa Fe LLC, 5.55%, 3/15/2056  | 500000 | &nbsp;&nbsp; 483715 |
| Canadian Pacific Railway Co., 5.5%, 3/15/2056  | 208000 | &nbsp;&nbsp; 199266 |
| Daimler Truck Finance North America LLC, 144A, 5.0%, 10/12/2032  | 441000 | &nbsp;&nbsp; 439960 |
| Fedex Freight Holding Co., Inc., 144A, 4.95%, 3/15/2033  | 542000 | &nbsp;&nbsp; 532360 |
| GFL Environmental, Inc., 144A, 6.75%, 1/15/2031  | 450000 | &nbsp;&nbsp; 466553 |
| Honeywell Aerospace, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.95%, 3/16/2036 | 379000 | &nbsp;&nbsp; 374698 |
| &nbsp;&nbsp;&nbsp; 144A, 5.732%, 3/16/2056 | 450000 | &nbsp;&nbsp; 442595 |
| Norfolk Southern Corp., 5.95%, 3/15/2064 (b) | 500000 | &nbsp;&nbsp; 499187 |
| Southwest Airlines Co., 4.375%, 11/15/2028  | 500000 | &nbsp;&nbsp; 496347 |
| United Airlines Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.875%, 3/1/2029 | 78000 | &nbsp;&nbsp; 76835 |
| &nbsp;&nbsp;&nbsp; 5.375%, 3/1/2031 | 41000 | &nbsp;&nbsp; 40410 |
|  |  | &nbsp;&nbsp; **5410869** |
| **Information Technology 2.9%** | **Information Technology 2.9%** |  |
| AppLovin Corp., 5.95%, 12/1/2054 (b) | 257000 | &nbsp;&nbsp; 235749 |

---

------

---

| | | |
|:---|:---|:---|
| Broadcom, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.9%, 2/15/2038 | 583000 | &nbsp;&nbsp; 563389 |
| &nbsp;&nbsp;&nbsp; 5.7%, 1/15/2056 (b) | 350000 | &nbsp;&nbsp; 347952 |
| Dell International LLC, 5.1%, 2/15/2036  | 375000 | &nbsp;&nbsp; 368832 |
| Foundry JV Holdco LLC, 144A, 6.1%, 1/25/2036  | 363000 | &nbsp;&nbsp; 381069 |
| Intel Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 8/15/2033 | 675000 | &nbsp;&nbsp; 672363 |
| &nbsp;&nbsp;&nbsp; 5.3%, 5/15/2036 | 750000 | &nbsp;&nbsp; 746852 |
| Jabil, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.2%, 2/1/2029 | 296000 | &nbsp;&nbsp; 292401 |
| &nbsp;&nbsp;&nbsp; 4.75%, 2/1/2033 | 580000 | &nbsp;&nbsp; 564913 |
| Marvell Technology, Inc., 5.3%, 4/15/2036  | 585000 | &nbsp;&nbsp; 585321 |
| Microsoft Corp., 2.921%, 3/17/2052 (b) | 465000 | &nbsp;&nbsp; 295817 |
| Oracle Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 2/4/2031 | 671000 | &nbsp;&nbsp; 656362 |
| &nbsp;&nbsp;&nbsp; 5.7%, 2/4/2036 | 425000 | &nbsp;&nbsp; 408148 |
| &nbsp;&nbsp;&nbsp; 6.7%, 2/4/2056 | 557000 | &nbsp;&nbsp; 513332 |
|  |  | &nbsp;&nbsp; **6632500** |
| **Materials 1.0%** | **Materials 1.0%** |  |
| Corp. Nacional del Cobre de Chile, 144A, 5.529%, 1/30/2037  | 350000 | &nbsp;&nbsp; 347515 |
| Glencore Funding LLC: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.9%, 7/1/2031 | 572000 | &nbsp;&nbsp; 572832 |
| &nbsp;&nbsp;&nbsp; 144A, 5.508%, 4/1/2036 | 750000 | &nbsp;&nbsp; 755273 |
| Olin Corp., 144A, 6.625%, 4/1/2033 (b) | 159000 | &nbsp;&nbsp; 157513 |
| Rio Tinto Finance USA PLC, 5.875%, 3/14/2065 (b) | 326000 | &nbsp;&nbsp; 328210 |
|  |  | &nbsp;&nbsp; **2161343** |
| **Real Estate 1.4%** | **Real Estate 1.4%** |  |
| CBRE Services, Inc., 4.9%, 1/15/2033  | 249000 | &nbsp;&nbsp; 246133 |
| Equinix Europe 2 Financing Corp. LLC, (REIT), 4.7%, 3/15/2033  | 474000 | &nbsp;&nbsp; 464283 |
| Iron Mountain, Inc., 144A, (REIT), 5.25%, 7/15/2030  | 575000 | &nbsp;&nbsp; 569050 |
| RLJ Lodging Trust LP, 144A, (REIT), 4.0%, 9/15/2029  | 600000 | &nbsp;&nbsp; 566938 |
| Ventas Realty LP, (REIT), 5.0%, 2/15/2036 (b) | 587000 | &nbsp;&nbsp; 575574 |
| Vornado Realty LP, (REIT), 5.75%, 2/1/2033  | 700000 | &nbsp;&nbsp; 701187 |
|  |  | &nbsp;&nbsp; **3123165** |
| **Utilities 5.3%** | **Utilities 5.3%** |  |
| AEP Texas, Inc., 5.85%, 10/15/2055 (b) | 250000 | &nbsp;&nbsp; 240368 |
| Dominion Energy, Inc., 6.625%, 5/15/2055  | 250000 | &nbsp;&nbsp; 255687 |
| Edison International, 5.0%, 5/5/2028 (a) | 577000 | &nbsp;&nbsp; 577203 |
| Electricite de France SA, 144A, 6.125%, 4/22/2056  | 550000 | &nbsp;&nbsp; 532654 |
| ENEL Finance International NV, 144A, 5.75%, 9/30/2055  | 490000 | &nbsp;&nbsp; 459036 |
| Entergy Arkansas LLC, 5.75%, 6/1/2054  | 470000 | &nbsp;&nbsp; 458822 |
| Entergy Louisiana LLC, 5.8%, 3/15/2055  | 350000 | &nbsp;&nbsp; 343922 |
| Exelon Corp., 6.5%, 3/15/2055  | 400000 | &nbsp;&nbsp; 413659 |
| Florida Power & Light Co., 5.6%, 2/15/2066  | 450000 | &nbsp;&nbsp; 429203 |
| Idaho Power Co., 4.85%, 3/1/2036  | 396000 | &nbsp;&nbsp; 387786 |
| NextEra Energy Capital Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 3/15/2035 (b) | 525000 | &nbsp;&nbsp; 535280 |
| &nbsp;&nbsp;&nbsp; 6.375%, 8/15/2055 | 500000 | &nbsp;&nbsp; 510266 |
| NRG Energy, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.734%, 10/15/2030 (b) | 750000 | &nbsp;&nbsp; 741966 |
| &nbsp;&nbsp;&nbsp; 144A, 4.955%, 4/30/2031 | 500000 | &nbsp;&nbsp; 496567 |
| &nbsp;&nbsp;&nbsp; 144A, 5.407%, 10/15/2035 | 313000 | &nbsp;&nbsp; 306993 |

---

------

---

| | | |
|:---|:---|:---|
| Pacific Gas and Electric Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/1/2047 | 350000 | &nbsp;&nbsp; 255895 |
| &nbsp;&nbsp;&nbsp; 5.9%, 10/1/2054 (b) | 163000 | &nbsp;&nbsp; 152768 |
| Public Service Co. of Colorado, 5.15%, 9/15/2035  | 500000 | &nbsp;&nbsp; 497342 |
| Puget Energy, Inc., 144A, 7.0%, 9/15/2056  | 1000000 | &nbsp;&nbsp; 1001252 |
| Sempra, 4.125%, 4/1/2052  | 1000000 | &nbsp;&nbsp; 985518 |
| Sierra Pacific Power Co., 5.9%, 3/15/2054  | 240000 | &nbsp;&nbsp; 236086 |
| Southwestern Electric Power Co., 5.2%, 4/1/2036  | 386000 | &nbsp;&nbsp; 380810 |
| Southwestern Public Service Co., 6.0%, 6/1/2054  | 150000 | &nbsp;&nbsp; 150731 |
| Virginia Electric & Power Co., 5.7%, 3/15/2056  | 500000 | &nbsp;&nbsp; 482036 |
| Vistra Operations Co. LLC, 144A, 4.7%, 1/31/2031  | 1250000 | &nbsp;&nbsp; 1230628 |
|  |  | &nbsp;&nbsp; **12062478** |
| **Total Corporate Bonds** (Cost $99,491,710) | **Total Corporate Bonds** (Cost $99,491,710) | &nbsp;&nbsp; **98490680** |
| **Mortgage-Backed Securities Pass-Throughs 18.4%** | **Mortgage-Backed Securities Pass-Throughs 18.4%** |  |
| Federal Home Loan Mortgage Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 3.0%, 4/1/2052  | 1571098 | &nbsp;&nbsp; 1384223 |
| &nbsp;&nbsp;&nbsp; 3.5%, with various maturities from 6/1/2028 until 5/1/2044  | 305147 | &nbsp;&nbsp; 288319 |
| &nbsp;&nbsp;&nbsp; 4.5%, 12/1/2040  | 21735 | &nbsp;&nbsp; 21561 |
| &nbsp;&nbsp;&nbsp; 5.0%, 11/1/2055  | 1722819 | &nbsp;&nbsp; 1718076 |
| &nbsp;&nbsp;&nbsp; 5.5%, with various maturities from 6/1/2039 until 12/1/2054  | 1884313 | &nbsp;&nbsp; 1921894 |
| &nbsp;&nbsp;&nbsp; 6.0%, 1/1/2055  | 4005124 | &nbsp;&nbsp; 4118294 |
| Federal National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp; 3.5%, with various maturities from 1/1/2046 until 12/1/2046  | 1167254 | &nbsp;&nbsp; 1085282 |
| &nbsp;&nbsp;&nbsp; 4.5%, 11/1/2043  | 126491 | &nbsp;&nbsp; 124795 |
| &nbsp;&nbsp;&nbsp; 5.5%, with various maturities from 2/1/2031 until 11/1/2055  | 9622339 | &nbsp;&nbsp; 9806747 |
| &nbsp;&nbsp;&nbsp; 6.0%, with various maturities from 7/1/2054 until 7/1/2055  | 20932929 | &nbsp;&nbsp; 21492232 |
| Government National Mortgage Association, 4.5%, 7/15/2040  | 16175 | &nbsp;&nbsp; 16036 |
| **Total Mortgage-Backed Securities Pass-Throughs** (Cost $41,810,904) | **Total Mortgage-Backed Securities Pass-Throughs** (Cost $41,810,904) | &nbsp;&nbsp; **41977459** |
| **Asset-Backed 12.0%** | **Asset-Backed 12.0%** |  |
| **Automobile Receivables 4.8%** | **Automobile Receivables 4.8%** |  |
| Avis Budget Rental Car Funding AESOP LLC: |  |  |
| &nbsp;&nbsp;&nbsp; "D", Series 2024-2A, 144A, 7.43%, 10/20/2028  | 400000 | &nbsp;&nbsp; 404847 |
| &nbsp;&nbsp;&nbsp; "D", Series 2023-8A, 144A, 7.52%, 2/20/2030  | 650000 | &nbsp;&nbsp; 655168 |
| &nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund VII LLC, "B", Series 2024-CAR1, 144A, 30 day <br> USD SOFR Average + 1.3%, 4.945% (c), 12/26/2031 <br>| 76891 | &nbsp;&nbsp; 77172 |
| &nbsp;&nbsp;&nbsp; Foursight Capital Automobile Receivables Trust, "C", Series 2023-2, 144A, 6.21%, <br> 4/16/2029 <br>| 750000 | &nbsp;&nbsp; 761286 |
| Hertz Vehicle Financing III LLC, "A", Series 2025-6A, 144A, 4.89%, 5/25/2032  | 1875000 | &nbsp;&nbsp; 1869211 |
| &nbsp;&nbsp;&nbsp; Huntington Bank Auto Credit-Linked Notes, "B1", Series 2026-1, 144A, 4.503%, <br> 2/20/2034 <br>| 1871940 | &nbsp;&nbsp; 1861314 |
| Santander Drive Auto Receivables Trust, "D", Series 2025-4, 4.95%, 1/15/2032  | 3000000 | &nbsp;&nbsp; 2985550 |
| U.S. Bank NA, "B1", Series 2026-RVM1, 144A, 4.959%, 12/25/2046  | 1431557 | &nbsp;&nbsp; 1417385 |
| Yamaha Motor Master Trust II, "A1", Series 2026-A, 144A, 4.43%, 4/15/2031  | 900000 | &nbsp;&nbsp; 898793 |
|  |  | &nbsp;&nbsp; **10930726** |
| **Home Equity Loans 0.1%** | **Home Equity Loans 0.1%** |  |
| CIT Home Equity Loan Trust, "AF6", Series 2002-1, 6.2%, 2/25/2030  | 50 | &nbsp;&nbsp; 50 |
| Towd Point Mortgage Trust, "A1", Series 2025-CRM1, 144A, 5.799%, 1/25/2065  | 359674 | &nbsp;&nbsp; 360993 |
|  |  | &nbsp;&nbsp; **361043** |
| **Miscellaneous 7.1%** | **Miscellaneous 7.1%** |  |
| &nbsp;&nbsp;&nbsp; Apidos CLO XVIII-R, "A2R2", Series 2018-18A, 144A, 3 mo. USD Term SOFR + <br> 1.58%, 5.244% (c), 1/22/2038 <br>| 500000 | &nbsp;&nbsp; 500666 |
| ARES LIX CLO Ltd., "C2", Series 2021-59A, 144A, 3.35%, 4/25/2034  | 500000 | &nbsp;&nbsp; 444595 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; CIFC Funding Ltd., "BR", Series 2022-7A, 144A, 3 mo. USD Term SOFR + 1.7%, <br> 5.364% (c), 1/22/2038 <br>| 442000 | &nbsp;&nbsp; 443652 |
| Cloud Capital Holdco LP, "A2", Series 2024-1A, 144A, 5.781%, 11/22/2049  | 450000 | &nbsp;&nbsp; 451246 |
| CyrusOne Data Centers Issuer I LLC, "A2", Series 2024-2A, 144A, 4.5%, 5/20/2049  | 1000000 | &nbsp;&nbsp; 971881 |
| &nbsp;&nbsp;&nbsp; Dryden 64 CLO Ltd., "C", Series 2018-64A, 144A, 3 mo. USD Term SOFR + 2.012%, <br> 5.687% (c), 4/18/2031 <br>| 1200000 | &nbsp;&nbsp; 1201664 |
| &nbsp;&nbsp;&nbsp; Galaxy 34 CLO Ltd., "A", Series 2024-34A, 144A, 3 mo. USD Term SOFR + 1.37%, <br> 5.045% (c), 10/20/2037 <br>| 500000 | &nbsp;&nbsp; 500460 |
| Jersey Mike's Funding LLC: |  |  |
| &nbsp;&nbsp;&nbsp; "A2", Series 2025-1A, 144A, 5.61%, 8/16/2055  | 1791000 | &nbsp;&nbsp; 1814126 |
| &nbsp;&nbsp;&nbsp; "A2", Series 2024-1A, 144A, 5.636%, 2/15/2055  | 326700 | &nbsp;&nbsp; 330181 |
| &nbsp;&nbsp;&nbsp; Lewey Park CLO Ltd., "A2", Series 2024-1A, 144A, 3 mo. USD Term SOFR + 1.56%, <br> 5.232% (c), 10/21/2037 <br>| 500000 | &nbsp;&nbsp; 500425 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread-Collateralized Notes, "A", Series 2021-GNT1, 144A, 3.474%, <br> 11/25/2026 <br>| 296812 | &nbsp;&nbsp; 293317 |
| &nbsp;&nbsp;&nbsp; OCP CLO Ltd., "B1", Series 2024-36A, 144A, 3 mo. USD Term SOFR + 1.7%, 5.38% <br> (c), 10/16/2037 <br>| 500000 | &nbsp;&nbsp; 500523 |
| &nbsp;&nbsp;&nbsp; OZLM XXIV Ltd., "A1AR", Series 2019-24A, 144A, 3 mo. USD Term SOFR + <br> 1.422%, 5.097% (c), 7/20/2032 <br>| 33584 | &nbsp;&nbsp; 33602 |
| &nbsp;&nbsp;&nbsp; Race Point X CLO Ltd., "C2R", Series 2016-10A, 144A, 3 mo. USD Term SOFR + <br> 2.262%, 5.928% (c), 7/25/2031 <br>| 759634 | &nbsp;&nbsp; 763168 |
| &nbsp;&nbsp;&nbsp; RR 35 Ltd., "A2", Series 2024-35A, 144A, 3 mo. USD Term SOFR + 1.7%, 5.373% (c), <br> 1/15/2040 <br>| 600000 | &nbsp;&nbsp; 600833 |
| SERVPRO Master Issuer LLC, "A2", Series 2025-1A, 144A, 5.525%, 10/25/2055  | 2985000 | &nbsp;&nbsp; 2923686 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XIV Ltd., "A2R2", Series 2019-14A, 144A, 3 mo. USD Term SOFR + <br> 1.4%, 5.072% (c), 1/20/2038 <br>| 1000000 | &nbsp;&nbsp; 998840 |
| Switch ABS Issuer LLC, "A2", Series 2024-2A, 144A, 5.436%, 6/25/2054  | 500000 | &nbsp;&nbsp; 495863 |
| Taco Bell Funding LLC, "A2II", Series 2025-1A, 144A, 5.049%, 8/25/2055  | 1875000 | &nbsp;&nbsp; 1833749 |
| &nbsp;&nbsp;&nbsp; TICP CLO XI Ltd., "AR", Series 2018-11A, 144A, 3 mo. USD Term SOFR + 1.53%, <br> 5.197% (c), 4/25/2037 <br>| 500000 | &nbsp;&nbsp; 500701 |
|  |  | &nbsp;&nbsp; **16103178** |
| **Total Asset-Backed** (Cost $27,336,783) | **Total Asset-Backed** (Cost $27,336,783) | &nbsp;&nbsp; **27394947** |
| **Commercial Mortgage-Backed Securities 11.4%** | **Commercial Mortgage-Backed Securities 11.4%** |  |
| BAHA Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2024-MAR, 144A, 6.171% (c), 12/10/2041  | 836000 | &nbsp;&nbsp; 854416 |
| &nbsp;&nbsp;&nbsp; "B", Series 2024-MAR, 144A, 7.069% (c), 12/10/2041  | 650000 | &nbsp;&nbsp; 671748 |
| Benchmark Mortgage Trust, "A4", Series 2020-IG3, 144A, 2.437%, 9/15/2048  | 500000 | &nbsp;&nbsp; 428606 |
| BRCK Trust, "A", Series 2025-830B, 144A, 4.956%, 12/10/2042  | 2000000 | &nbsp;&nbsp; 1986743 |
| BX Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2019-OC11, 144A, 3.202%, 12/9/2041  | 1000000 | &nbsp;&nbsp; 948412 |
| &nbsp;&nbsp;&nbsp; "D", Series 2019-OC11, 144A, 4.075% (c), 12/9/2041  | 750000 | &nbsp;&nbsp; 710800 |
| CENT Trust, "A", Series 2025-CITY, 144A, 5.091% (c), 7/10/2040  | 1000000 | &nbsp;&nbsp; 1004647 |
| CSAIL Commercial Mortgage Trust, "AS", Series 2016-C6, 3.346%, 1/15/2049  | 195217 | &nbsp;&nbsp; 194633 |
| FREMF Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2018-K75, 144A, 4.11% (c), 4/25/2051  | 1000000 | &nbsp;&nbsp; 983491 |
| &nbsp;&nbsp;&nbsp; "B", Series 2018-K77, 144A, 4.302% (c), 5/25/2051  | 1832000 | &nbsp;&nbsp; 1806335 |
| &nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, "B", Series 2025-MAUI, 144A, 1 mo. USD Term SOFR + 1.742%, <br> 5.397% (c), 3/15/2042 <br>| 250000 | &nbsp;&nbsp; 250156 |
| Hudson Yards Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2025-SPRL, 144A, 5.649% (c), 1/13/2040  | 190000 | &nbsp;&nbsp; 194495 |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-SPRL, 144A, 5.95% (c), 1/13/2040  | 225000 | &nbsp;&nbsp; 230266 |
| &nbsp;&nbsp;&nbsp; "C", Series 2025-SPRL, 144A, 6.15% (c), 1/13/2040  | 1135000 | &nbsp;&nbsp; 1161814 |
| &nbsp;&nbsp;&nbsp; ILPT Commercial Mortgage Trust, "D", Series 2025-LPF2, 144A, 6.725% (c), <br> 7/13/2042 <br>| 1000000 | &nbsp;&nbsp; 1005163 |
| JPMorgan Chase Commercial Mortgage Securities Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2021-1MEM, 144A, 2.516%, 10/9/2042  | 1750000 | &nbsp;&nbsp; 1475160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A", Series 2018-PHH, 144A, 1 mo. USD Term SOFR + 1.257%, 4.912% (c), <br> 6/15/2035 <br>| 1938171 | &nbsp;&nbsp; 1259870 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; KIND Trust, "A", Series 2021-KIND, 144A, 1 mo. USD Term SOFR + 1.064%, 4.72% <br> (c), 8/15/2038 <br>| 495860 | &nbsp;&nbsp; 494042 |
| Manhattan West Mortgage Trust, "A", Series 2020-1MW, 144A, 2.13%, 9/10/2039  | 2000000 | &nbsp;&nbsp; 1931023 |
| MRCD Mortgage Trust, "B", Series 2019-PARK, 144A, 2.718%, 12/15/2036  | 155000 | &nbsp;&nbsp; 127295 |
| MTN Commercial Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2026-LPFX, 144A, 5.153%, 5/15/2043 (a) | 833000 | &nbsp;&nbsp; 833442 |
| &nbsp;&nbsp;&nbsp; "B", Series 2026-LPFX, 144A, 5.455%, 5/15/2043 (a) | 741000 | &nbsp;&nbsp; 741434 |
| &nbsp;&nbsp;&nbsp; "C", Series 2026-LPFX, 144A, 5.757%, 5/15/2043 (a) | 500000 | &nbsp;&nbsp; 500293 |
| ROCK Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "B", Series 2024-CNTR, 144A, 5.93%, 11/13/2041  | 1000000 | &nbsp;&nbsp; 1022046 |
| &nbsp;&nbsp;&nbsp; "C", Series 2024-CNTR, 144A, 6.471%, 11/13/2041  | 450000 | &nbsp;&nbsp; 464795 |
| &nbsp;&nbsp;&nbsp; "E", Series 2024-CNTR, 144A, 8.819%, 11/13/2041  | 300000 | &nbsp;&nbsp; 313935 |
| SLG Office Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2021-OVA, 144A, 2.585%, 7/15/2041  | 1000000 | &nbsp;&nbsp; 892200 |
| &nbsp;&nbsp;&nbsp; "F", Series 2021-OVA, 144A, 2.851%, 7/15/2041  | 1000000 | &nbsp;&nbsp; 828500 |
| &nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, "A", Series 2025-DATA, 144A, 1 mo. USD Term <br> SOFR + 1.443%, 5.098% (c), 2/15/2042 <br>| 500000 | &nbsp;&nbsp; 495625 |
| SYCA Commercial Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2025-WAG, 144A, 5.433% (c), 11/10/2042  | 1000000 | &nbsp;&nbsp; 996748 |
| &nbsp;&nbsp;&nbsp; "B", Series 2025-WAG, 144A, 5.884% (c), 11/10/2042  | 1000000 | &nbsp;&nbsp; 994861 |
| UBS Commercial Mortgage Trust, "A3", Series 2017-C4, 3.301%, 10/15/2050  | 91011 | &nbsp;&nbsp; 89848 |
| **Total Commercial Mortgage-Backed Securities** (Cost $26,122,040) | **Total Commercial Mortgage-Backed Securities** (Cost $26,122,040) | &nbsp;&nbsp; **25892842** |
| **Collateralized Mortgage Obligations 7.4%** | **Collateralized Mortgage Obligations 7.4%** |  |
| Alternative Loan Trust, "1A4", Series 2006-43CB, 6.0% , 2/25/2037 | 95765 | &nbsp;&nbsp; 47996 |
| Arroyo Mortgage Trust, "A1", Series 2021-1R, 144A, 1.175% , 10/25/2048 | 1226239 | &nbsp;&nbsp; 1128264 |
| Banc of America Mortgage Trust, "2A2", Series 2004-A, 5.276% (c), 2/25/2034 | 27801 | &nbsp;&nbsp; 27495 |
| &nbsp;&nbsp;&nbsp; Bear Stearns Adjustable Rate Mortgage Trust, "2A1", Series 2005-11, 6.968% (c), <br> 12/25/2035<br>| 40939 | &nbsp;&nbsp; 42241 |
| CHL Mortgage Pass Through Trust, "2A5", Series 2004-13, 5.75% , 8/25/2034 | 90257 | &nbsp;&nbsp; 88983 |
| &nbsp;&nbsp;&nbsp; CSFB Mortgage-Backed Pass-Through Certificates, "10A3", Series 2005-10, 6.0% , <br> 11/25/2035<br>| 191345 | &nbsp;&nbsp; 42066 |
| Federal Home Loan Mortgage Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; "DI", Series 5011, Interest Only, 2.0%, 7/25/2050 | 4540016 | &nbsp;&nbsp; 608939 |
| &nbsp;&nbsp;&nbsp; "MI", Series 5034, Interest Only, 2.0%, 11/25/2050 | 2937139 | &nbsp;&nbsp; 402827 |
| &nbsp;&nbsp;&nbsp; "MI", Series 5135, Interest Only, 2.5%, 8/25/2051 | 7555043 | &nbsp;&nbsp; 837847 |
| &nbsp;&nbsp;&nbsp; "P", Series 4916, 3.0%, 9/25/2049 | 1299327 | &nbsp;&nbsp; 1167380 |
| &nbsp;&nbsp;&nbsp; "JI", Series 5236, Interest Only, 4.0%, 2/25/2052 | 3964956 | &nbsp;&nbsp; 424686 |
| &nbsp;&nbsp;&nbsp; "6", Series 233, Interest Only, 4.5%, 8/15/2035 | 44583 | &nbsp;&nbsp; 5429 |
| Federal National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp; "AO", Series 2023-53, Principal Only, Zero Coupon, 11/25/2053 | 857302 | &nbsp;&nbsp; 731048 |
| &nbsp;&nbsp;&nbsp; "C2", Series 432, Interest Only, 2.0%, 7/25/2037 | 4463771 | &nbsp;&nbsp; 289796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "MS", Series 2025-35, 82.915% minus (16.75 x 30 day USD SOFR Average), 10.05% <br> (c), 5/25/2055<br>| 148795 | &nbsp;&nbsp; 154138 |
| Government National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp; "GA", Series 2021-122, 1.0%, 11/20/2047 | 965443 | &nbsp;&nbsp; 784819 |
| &nbsp;&nbsp;&nbsp; Series 2021-19, Interest Only, 2.0%, 1/20/2051 | 11396731 | &nbsp;&nbsp; 1396265 |
| &nbsp;&nbsp;&nbsp; "ID", Series 2023-151, Interest Only, 2.0%, 8/20/2051 | 7382486 | &nbsp;&nbsp; 936830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "SA", Series 2014-10, Interest Only, 5.936% minus 1 mo. USD Term SOFR, 2.271% <br> (c), 1/16/2044<br>| 1144984 | &nbsp;&nbsp; 106084 |
| &nbsp;&nbsp;&nbsp; "QI", Series 2021-225, Interest Only, 2.5%, 12/20/2051 | 7771653 | &nbsp;&nbsp; 1012220 |
| &nbsp;&nbsp;&nbsp; "DI", Series 2014-102, Interest Only, 3.5%, 7/16/2029 | 16162 | &nbsp;&nbsp; 230 |
| &nbsp;&nbsp;&nbsp; "HI", Series 2015-77, Interest Only, 4.0%, 5/20/2045 | 633362 | &nbsp;&nbsp; 123782 |
| &nbsp;&nbsp;&nbsp; "WI", Series 2020-191, Interest Only, 4.5%, 12/20/2050 | 2699288 | &nbsp;&nbsp; 481954 |
| &nbsp;&nbsp;&nbsp; "ZT", Series 2025-2, 4.5%, 5/20/2064 | 1057751 | &nbsp;&nbsp; 1012122 |
| &nbsp;&nbsp;&nbsp; "AZ", Series 2023-120, 5.5%, 8/20/2053 | 2315160 | &nbsp;&nbsp; 2336453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "SL", Series 2025-98, 21.083% minus (3.667 x 30 day USD SOFR Average), 7.736% <br> (c), 6/20/2055<br>| 113881 | &nbsp;&nbsp; 114248 |

---

------

---

| | | |
|:---|:---|:---|
| JPMorgan Mortgage Trust: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A11", Series 2024-6, 144A, 30 day USD SOFR Average + 1.25%, 4.895% (c), <br> 12/25/2054<br>| 414885 | &nbsp;&nbsp; 414493 |
| &nbsp;&nbsp;&nbsp; "2A1", Series 2006-A2, 4.905% (c), 4/25/2036 | 160628 | &nbsp;&nbsp; 137892 |
| Merrill Lynch Mortgage Investors Trust, "2A", Series 2003-A6, 6.732% (c), 10/25/2033 | 53723 | &nbsp;&nbsp; 53140 |
| RCKT Mortgage Trust, "A2", Series 2024-INV2, 144A, 5.5% , 9/25/2054 | 840973 | &nbsp;&nbsp; 841269 |
| &nbsp;&nbsp;&nbsp; Western Alliance Bank, "M1", Series 2021-CL2, 144A, 30 day USD SOFR Average + <br> 3.15%, 6.795% (c), 7/25/2059<br>| 1020653 | &nbsp;&nbsp; 1094576 |
| **Total Collateralized Mortgage Obligations** (Cost $16,853,883) | **Total Collateralized Mortgage Obligations** (Cost $16,853,883) | &nbsp;&nbsp; **16845512** |
| **Government & Agency Obligations 6.4%** | **Government & Agency Obligations 6.4%** |  |
| **Sovereign Bonds 0.9%** | **Sovereign Bonds 0.9%** |  |
| African Development Bank, 5.875%, Perpetual  | 400000 | &nbsp;&nbsp; 390918 |
| Brazilian Government International Bond, 6.25%, 5/22/2036  | 250000 | &nbsp;&nbsp; 248625 |
| Eagle Funding Luxco SARL, 144A, 5.5%, 8/17/2030  | 621000 | &nbsp;&nbsp; 625782 |
| Mexico Government International Bond: |  |  |
| &nbsp;&nbsp;&nbsp; 5.375%, 3/22/2033 | 384000 | &nbsp;&nbsp; 376531 |
| &nbsp;&nbsp;&nbsp; 5.625%, 2/9/2034 | 431000 | &nbsp;&nbsp; 425470 |
|  |  | &nbsp;&nbsp; **2067326** |
| **U.S. Treasury Obligations 5.5%** | **U.S. Treasury Obligations 5.5%** |  |
| U.S. Treasury Bills: |  |  |
| &nbsp;&nbsp;&nbsp; 3.521% (d), 8/6/2026 (e) | 1380000 | &nbsp;&nbsp; 1366643 |
| &nbsp;&nbsp;&nbsp; 3.529% (d), 8/6/2026 (e) | 50000 | &nbsp;&nbsp; 49516 |
| U.S. Treasury Bonds: |  |  |
| &nbsp;&nbsp;&nbsp; 4.625%, 2/15/2046 | 3030100 | &nbsp;&nbsp; 2893745 |
| &nbsp;&nbsp;&nbsp; 4.75%, 2/15/2056 | 2727000 | &nbsp;&nbsp; 2625590 |
| U.S. Treasury Notes: |  |  |
| &nbsp;&nbsp;&nbsp; 3.875%, 4/15/2029 | 1750000 | &nbsp;&nbsp; 1748223 |
| &nbsp;&nbsp;&nbsp; 3.875%, 3/31/2031 | 2753500 | &nbsp;&nbsp; 2735215 |
| &nbsp;&nbsp;&nbsp; 4.125%, 2/15/2036 | 100000 | &nbsp;&nbsp; 97890 |
| &nbsp;&nbsp;&nbsp; 4.25%, 3/31/2033 | 1079000 | &nbsp;&nbsp; 1082035 |
|  |  | &nbsp;&nbsp; **12598857** |
| **Total Government & Agency Obligations** (Cost 14,775,315) | **Total Government & Agency Obligations** (Cost 14,775,315) | &nbsp;&nbsp; **14666183** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **Warrants 0.0%** | **Warrants 0.0%** |  |
| **Materials**  | **Materials**  |  |
| Hercules Trust II, Expiration Date 3/31/2029\* (f) (Cost $70,220) | 315 | &nbsp;&nbsp; **2158** |
| **Securities Lending Collateral 0.5%** | **Securities Lending Collateral 0.5%** |  |
| &nbsp;&nbsp;&nbsp; DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional <br> Shares", 3.56% (g) (h) (Cost $1,122,803)<br>| 1122803 | &nbsp;&nbsp; **1122803** |
| **Cash Equivalents 1.2%** | **Cash Equivalents 1.2%** |  |
| DWS Central Cash Management Government Fund, 3.67% (g) (Cost $2,693,301) | 2693301 | &nbsp;&nbsp; **2693301** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **% of Net**<br> **Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $230,276,959) | 100.6 | &nbsp;&nbsp; **229085885** |
| **Other Assets and Liabilities, Net**  | (0.6)<br>| &nbsp;&nbsp; **(1437748)**<br>|
| **Net Assets** | 100.0 | &nbsp;&nbsp; **227648137** |

---

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.*

------

*A summary of the Fund's transactions with affiliated investments during the period ended April 30, 2026 are as follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value ($) at** <br>**1/31/2026**<br>| &nbsp;&nbsp; **Purchases** <br>**Cost ($)**<br>| &nbsp;&nbsp; **Sales** <br>**Proceeds ($)**<br>| &nbsp;&nbsp; **Net Realized** <br>**Gain/** <br>**(Loss) ($)**<br>| &nbsp;&nbsp; **Net Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation) ($)**<br>| **Income ($)** | &nbsp;&nbsp; **Capital Gain** <br>**Distributions ($)**<br>| &nbsp;&nbsp; **Number** <br>**of Shares** <br>**at** <br>**4/30/2026**<br>| &nbsp;&nbsp; **Value ($) at** <br>**4/30/2026**<br>|
| **Securities Lending Collateral 0.5%** | **Securities Lending Collateral 0.5%** | **Securities Lending Collateral 0.5%** | **Securities Lending Collateral 0.5%** | **Securities Lending Collateral 0.5%** | **Securities Lending Collateral 0.5%** | **Securities Lending Collateral 0.5%** | **Securities Lending Collateral 0.5%** | **Securities Lending Collateral 0.5%** |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.56% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.56% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.56% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.56% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.56% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.56% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.56% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.56% (g) (h) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>3.56% (g) (h) |
| 3123270  | —  | 2,000,467 (i) | —  | —  | 3338  | —  | 1122803  | 1122803  |
| **Cash Equivalents 1.2%** | **Cash Equivalents 1.2%** | **Cash Equivalents 1.2%** | **Cash Equivalents 1.2%** | **Cash Equivalents 1.2%** | **Cash Equivalents 1.2%** | **Cash Equivalents 1.2%** | **Cash Equivalents 1.2%** | **Cash Equivalents 1.2%** |
| DWS Central Cash Management Government Fund, 3.67% (g) | DWS Central Cash Management Government Fund, 3.67% (g) | DWS Central Cash Management Government Fund, 3.67% (g) | DWS Central Cash Management Government Fund, 3.67% (g) | DWS Central Cash Management Government Fund, 3.67% (g) | DWS Central Cash Management Government Fund, 3.67% (g) | DWS Central Cash Management Government Fund, 3.67% (g) | DWS Central Cash Management Government Fund, 3.67% (g) | DWS Central Cash Management Government Fund, 3.67% (g) |
| 4529834  | 37028407  | 38864940  | —  | —  | 46842  | —  | 2693301  | 2693301  |
| **7653104** | **37028407** | **40865407** | **—** | **—** | **50180** | **—** | **3816104** | **3816104** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*\** *Non-income producing security.* 

*(a)* *When-issued or delayed delivery securities included.*

*(b)* *All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that* *are also on loan. The value of securities loaned at April 30, 2026 amounted to $9,738,632, which is 4.3% of net assets.* 

*(c)* *Variable or floating rate security. These securities are shown at their current rate as of April 30, 2026. For securities based on a* *published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable* *rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions,* *prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at the inherent* *rate, where applicable.* 

*(d)* *Annualized yield at time of purchase; not a coupon rate.*

*(e)* *At April 30, 2026, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures* *contracts.* 

*(f)* *Investment was valued using significant unobservable inputs.*

*(g)* *Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at* *period end.* 

*(h)* *Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates. In* *addition, the Fund held non-cash U.S. Treasury securities collateral having a value of $8,942,250.* 

*(i)* *Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period* *ended April 30, 2026.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A under the Securities Act of 1933. These securities may be resold in* <br> *transactions exempt from registration, normally to qualified institutional buyers.*<br>|
| *CLO: Collateralized Loan Obligation* |
| *Interest Only: Interest Only (IO) bonds represent the "interest only" portion of payments on a pool of underlying mortgages or* <br> *mortgage-backed securities. IO securities are subject to prepayment risk of the pool of underlying mortgages.*<br>|
| *Perpetual: Callable security with no stated maturity date.*  |
| *Principal Only: Principal Only (PO) bonds represent the "principal only" portion of payments on a pool of underlying mortgages or* <br> *mortgage-backed securities.*<br>|
| *REIT: Real Estate Investment Trust* |
| *SOFR: Secured Overnight Financing Rate* |
| *UFJ: United Financial of Japan* |

---

*Included in the portfolio are investments in mortgage or asset-backed securities which are interests in separate pools of mortgages or assets. Effective maturities of these investments may be shorter than stated maturities due to prepayments. Some separate investments in the Federal Home Loan Mortgage Corp. and Federal National Mortgage Association issues which have similar coupon rates have been aggregated for presentation purposes in this investment portfolio.* 

------

 *At April 30, 2026, open futures contracts purchased were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Depreciation ($)**<br>|
| 10 Year <br> U.S. Treasury <br> Note <br>| USD | 6/18/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 313<br>| &nbsp;&nbsp;&nbsp;&nbsp; 35226071 | &nbsp;&nbsp;&nbsp;&nbsp; 34615844<br>| &nbsp;&nbsp;&nbsp;&nbsp; (610227)<br>|
| 2 Year <br> U.S. Treasury <br> Note <br>| USD | 6/30/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 108<br>| &nbsp;&nbsp;&nbsp;&nbsp; 22567204 | &nbsp;&nbsp;&nbsp;&nbsp; 22369500<br>| &nbsp;&nbsp;&nbsp;&nbsp; (197704)<br>|
| 5 Year <br> U.S. Treasury <br> Note <br>| USD | 6/30/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 56<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6076513 | &nbsp;&nbsp;&nbsp;&nbsp; 6038812<br>| &nbsp;&nbsp;&nbsp;&nbsp; (37701)<br>|
| Euro-BTP Italian <br> Bond <br>| EUR | 6/8/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 80<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11016602 | &nbsp;&nbsp;&nbsp;&nbsp; 10981605<br>| &nbsp;&nbsp;&nbsp;&nbsp; (34997)<br>|
| Ultra Long <br> U.S. Treasury <br> Bond <br>| USD | 6/18/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 66<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7959370 | &nbsp;&nbsp;&nbsp;&nbsp; 7592062<br>| &nbsp;&nbsp;&nbsp;&nbsp; (367308)<br>|
| **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | &nbsp;&nbsp;&nbsp;&nbsp; **(1247937)**<br>|

---

*At April 30, 2026, open futures contracts sold were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation ($)**<br>|
| Eurex 10 Year <br> Euro BUND <br>| EUR | 6/8/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 70<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10347112 | &nbsp;&nbsp;&nbsp;&nbsp; 10299011<br>| &nbsp;&nbsp;&nbsp;&nbsp; 48101 |
| U.S. Treasury <br> Long Bond <br>| USD | 6/18/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 5<br>| &nbsp;&nbsp;&nbsp;&nbsp; 572330 | &nbsp;&nbsp;&nbsp;&nbsp; 564218<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8112 |
| Ultra 10 Year <br> U.S. Treasury <br> Note <br>| USD | 6/18/2026  | &nbsp;&nbsp;&nbsp;&nbsp; 47<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5341642 | &nbsp;&nbsp;&nbsp;&nbsp; 5304390<br>| &nbsp;&nbsp;&nbsp;&nbsp; 37252 |
| **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** | &nbsp;&nbsp;&nbsp;&nbsp; **93465** |

---

***Currency Abbreviation(s)***

------

*EUR* *Euro* <br> *USD* *United States Dollar*

------

***Fair Value Measurements***

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.*

*The following is a summary of the inputs used as of April 30, 2026 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Corporate Bonds (a) | $— | &nbsp;&nbsp; $98490680 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $98490680 |
| Mortgage-Backed Securities Pass-Throughs  |  | &nbsp;&nbsp; 41977459 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41977459 |
| Asset-Backed (a) |  | &nbsp;&nbsp; 27394947 | &nbsp;&nbsp; — | &nbsp;&nbsp; 27394947 |
| Commercial Mortgage-Backed Securities  |  | &nbsp;&nbsp; 25892842 | &nbsp;&nbsp; — | &nbsp;&nbsp; 25892842 |
| Collateralized Mortgage Obligations  |  | &nbsp;&nbsp; 16845512 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16845512 |
| Government & Agency Obligations (a) |  | &nbsp;&nbsp; 14666183 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14666183 |
| Warrants  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 2158 | &nbsp;&nbsp; 2158 |
| Short-Term Investments (a) | 3816104 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3816104 |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | 93465 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 93465 |
| **Total** | **$3909569** | &nbsp;&nbsp; **$225267623** | &nbsp;&nbsp; **$2158** | &nbsp;&nbsp; **$229179350** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liabilities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | $(1247937)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1247937)<br>|
| **Total** | **$(1247937)**<br>| &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$(1247937)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Investment Portfolio for additional detailed categorizations.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* *Derivatives include unrealized appreciation (depreciation) on open futures contracts.* 

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.

DTRBF-PH1

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS PORTFOLIO TRUST

- **b. Investment Company Act file number:** 811-00042

- **c. CIK number of Registrant:** 0000088063

- **d. LEI of Registrant:** SRECKAL0MZIWJ5FTJI59

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000006101

- **c. LEI of Series:** W3A6YRGSCF5E88CKHO43

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

- **a. Date of fiscal year-end:** 2027-01-31

- **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:** $231346569.68

**Total Liabilities:** $3481552.96

**Net Assets:** $227865016.72

**Delayed Delivery Securities:** $2077737.85

**Cash Not Reported:** $1252019.52

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -168.51000000 | **1-Year:** -5811.28000000 | **5-Year:** -24485.56000000 | **10-Year:** -28921.36000000 | **30-Year:** -12206.94000000

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

- **3-Month:** -45.71000000 | **1-Year:** -1737.95000000 | **5-Year:** -4123.22000000 | **10-Year:** -1500.41000000 | **30-Year:** -128.46000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016773 | 1.28%                | -2.31%               | 0.41%                |
| Class ID C000016775 | 1.48%                | -2.24%               | 0.40%                |
| Class ID C000016774 | 1.37%                | -2.24%               | 0.50%                |
| Class ID C000016770 | 1.35%                | -2.26%               | 0.48%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1997875.45             | $3351442.98                                |
| Month 2  | $-150205.05              | $-4472666.55                               |
| Month 3  | $-94605.85               | $354811.68                                 |

**Designated Index Information**

- **Index Name:** BBG U.S. Aggregate Index

- **Index Identifier:** LEH_AGG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CODELCO INC                                                                         | Corp Nacional del Cobre de Chile                                                      | CUSIP: 21987BBQ0<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    350000 | PA      | $347515.00    | 0.15%             | 2037-01-30      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                                     | Fannie Mae Interest Strip                                                             | CUSIP: 31423Y4J5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4463771 | PA      | $289795.59    | 0.13%             | 2037-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                       | Boeing Co/The                                                                         | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    330000 | PA      | $366576.50    | 0.16%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                     | CUSIP: 3136BQUL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    857302 | PA      | $731047.69    | 0.32%             | 2053-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3131WRB95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21735 | PA      | $21560.67     | 0.01%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                              | NextEra Energy Capital Holdings Inc                                                   | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510266.50    | 0.22%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                             | Starwood Property Trust Inc                                                           | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    346000 | PA      | $344345.91    | 0.15%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hercules Trust II                                                                   | HERCULES TR II                                                                        | CUSIP: 427098116<br>LEI: N/A                  | N/A              | DE               |  | US        |       315 | NS      | $2158.41      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BUND FUTURE JUN26                                                                | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -70 | NC      | $48101.21     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                                 | Bayview Opportunity Master Fund VII 2024-CAR1 LLC                                     | CUSIP: 07336QAB8<br>LEI: 254900S53K9VTUR1UX42 | Long             | ABS-O            | CORP              | US        |     76891 | PA      | $77172.13     | 0.03%             | 2031-12-26      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137H1RQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7555043 | PA      | $837847.19    | 0.37%             | 2051-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                            | Sumitomo Mitsui Financial Group Inc                                                   | CUSIP: 86562MDW7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $349053.74    | 0.15%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 5YR NOTE (CBT) JUN26                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        19 | NC      | $-37898.49    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BTP FUTURE JUN26                                                                 | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        80 | NC      | $-34996.54    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| RIO TINTO FIN USA PLC                                                               | RIO TINTO FIN USA PLC                                                                 | CUSIP: 76720AAW6<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    326000 | PA      | $328210.12    | 0.14%             | 2065-03-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| NRZ Excess Spread Collateralized Notes                                              | NRZ Excess Spread-Collateralized Notes                                                | CUSIP: 65246QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296812 | PA      | $293317.43    | 0.13%             | 2026-11-25      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                                  | CUSIP: 74970WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1022045.60   | 0.45%             | 2041-11-13      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31414UW46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40871 | PA      | $42000.45     | 0.02%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                              | Standard Chartered PLC                                                                | CUSIP: 85325C2L5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $734426.44    | 0.32%             | 2037-01-13      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                                                           | Jabil Inc                                                                             | CUSIP: 46656PAD6<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    580000 | PA      | $564912.95    | 0.25%             | 2033-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Banc of America Mortgage Securities                                                 | Banc of America Mortgage 2004-A Trust                                                 | CUSIP: 05948XT27<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     27801 | PA      | $27495.30     | 0.01%             | 2034-02-25      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                   | CUSIP: 91282CQG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   6753500 | PA      | $6708652.57   | 2.94%             | 2031-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD                                                                     | Mizuho Bank Ltd                                                                       | CUSIP: 60688XBQ2<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | DBT              | CORP              | JP        |    215000 | PA      | $213859.08    | 0.09%             | 2036-04-16      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                        | Alphabet Inc                                                                          | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    425000 | PA      | $395353.13    | 0.17%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                            | Avolon Holdings Funding Ltd                                                           | CUSIP: 05401ABE0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    482000 | PA      | $473261.86    | 0.21%             | 2029-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| CANADIAN PACIFIC RR CO                                                              | Canadian Pacific Railway Co                                                           | CUSIP: 13645RBS2<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    208000 | PA      | $199266.31    | 0.09%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                          | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    462000 | PA      | $461490.18    | 0.20%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2006-A2                                                      | CUSIP: 466247J46<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    160628 | PA      | $137891.70    | 0.06%             | 2036-04-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                                                    | HF Sinclair Corp                                                                      | CUSIP: 403949AT7<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    468000 | PA      | $473586.07    | 0.21%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANTOS FINANCE LTD                                                                  | Santos Finance Ltd                                                                    | CUSIP: 803014AC3<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |    318000 | PA      | $321739.76    | 0.14%             | 2035-11-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                                  | Meta Platforms Inc                                                                    | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    300000 | PA      | $275464.23    | 0.12%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital       | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $303114.01    | 0.13%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bills                                                                   | CUSIP: 912797RG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1430000 | PA      | $1416158.85   | 0.62%             | 2026-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                                              | Brazilian Government International Bond                                               | CUSIP: 105756CQ1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    250000 | PA      | $248625.00    | 0.11%             | 2036-05-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                                | Saudi Arabian Oil Co                                                                  | CUSIP: 80415RAC5<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    750000 | PA      | $737293.05    | 0.32%             | 2036-02-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                               | Mexico Government International Bond                                                  | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    384000 | PA      | $376531.20    | 0.17%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                                    | Freddie Mac Strips                                                                    | CUSIP: 31282YED7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     44582 | PA      | $5428.68      | 0.00%             | 2035-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUMISHO AIR LEASE CORP                                                              | Sumisho Air Lease Corp                                                                | CUSIP: 873923AC0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    247000 | PA      | $245497.26    | 0.11%             | 2029-03-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38384DKM8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7382486 | PA      | $936830.32    | 0.41%             | 2051-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                           | Amgen Inc                                                                             | CUSIP: 031162DW7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    733000 | PA      | $717183.87    | 0.31%             | 2036-02-19      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31402QY39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5222 | PA      | $5366.03      | 0.00%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                                         | OCP CLO 2024-36 Ltd                                                                   | CUSIP: 67570EAN8<br>LEI: 2138008SMV573POQTV86 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $500522.50    | 0.22%             | 2037-10-16      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 31425XDT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4005124 | PA      | $4118294.07   | 1.81%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SYCA Commercial Mortgage Trust 2025-WAG                                             | SYCA Commercial Mortgage Trust 2025-WAG                                               | CUSIP: 87114AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996748.20    | 0.44%             | 2042-11-10      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38381NMR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    113881 | PA      | $114247.77    | 0.05%             | 2055-06-20      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                                 | Charles Schwab Corp/The                                                               | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    750000 | PA      | $699031.65    | 0.31%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                                    | CUSIP: 05606FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $710799.90    | 0.31%             | 2041-12-09      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                               | Foundry JV Holdco LLC                                                                 | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    363000 | PA      | $381068.57    | 0.17%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                                    | CUSIP: 05606FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $948412.00    | 0.42%             | 2041-12-09      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                              | Pacific Gas and Electric Co                                                           | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    163000 | PA      | $152768.56    | 0.07%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: —       |
| SOUTHWESTERN PUBLIC SERV                                                            | Southwestern Public Service Co                                                        | CUSIP: 845743BX0<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150730.92    | 0.07%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                                | Saudi Arabian Oil Co                                                                  | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    210000 | PA      | $213960.74    | 0.09%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38384CTB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2315160 | PA      | $2336452.96   | 1.03%             | 2053-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                                                               | Entergy Louisiana LLC                                                                 | CUSIP: 29364WBQ0<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343921.86    | 0.15%             | 2055-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                            | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                             | CUSIP: 00774MBU8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    423000 | PA      | $413611.30    | 0.18%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL PLAQUE                                                               | Venture Global Plaquemines LNG LLC                                                    | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $562357.00    | 0.25%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137FNQZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1299327 | PA      | $1167379.77   | 0.51%             | 2049-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS                                                            | United Airlines Holdings Inc                                                          | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     78000 | PA      | $76834.80     | 0.03%             | 2029-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38382WBQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    965443 | PA      | $784818.94    | 0.34%             | 2047-11-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140B9X61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2559578 | PA      | $2621887.60   | 1.15%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                                                            | OZLM XXIV Ltd                                                                         | CUSIP: 67113DAW4<br>LEI: 549300Y1XB6AVMQY8652 | Long             | ABS-CBDO         | CORP              | KY        |     33584 | PA      | $33602.23     | 0.01%             | 2032-07-20      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38385B2Y5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1057751 | PA      | $1012122.53   | 0.44%             | 2064-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                        | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293529.32    | 0.13%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38379CS80<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     16162 | PA      | $230.15       | 0.00%             | 2029-07-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                    | T-Mobile USA Inc                                                                      | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    390000 | PA      | $392953.08    | 0.17%             | 2035-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| IRON MOUNTAIN INC                                                                   | Iron Mountain Inc                                                                     | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    575000 | PA      | $569049.71    | 0.25%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                                     | CSAIL 2016-C6 Commercial Mortgage Trust                                               | CUSIP: 12636MAJ7<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |    195217 | PA      | $194632.77    | 0.09%             | 2049-01-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QUZZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10692268 | PA      | $10985958.64  | 4.82%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                                         | Bear Stearns ARM Trust 2005-11                                                        | CUSIP: 07387AFG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40939 | PA      | $42240.55     | 0.02%             | 2035-12-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                            | Avolon Holdings Funding Ltd                                                           | CUSIP: 05401ABD2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    213000 | PA      | $209229.91    | 0.09%             | 2031-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| OMNICOM GROUP INC                                                                   | Omnicom Group Inc                                                                     | CUSIP: 681919BV7<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    462000 | PA      | $456865.95    | 0.20%             | 2029-03-02      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                                    | DT Midstream Inc                                                                      | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $832234.47    | 0.37%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                              | CUSIP: 345397J38<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    600000 | PA      | $594803.97    | 0.26%             | 2033-04-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                                                            | First Citizens BancShares Inc/NC                                                      | CUSIP: 31959XAJ2<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968828.06    | 0.43%             | 2032-03-03      | Fixed         | 4.87%                 | No            |                  2 | On Loan: —       |
| ENTERGY ARKANSAS LLC                                                                | Entergy Arkansas LLC                                                                  | CUSIP: 29366MAG3<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    470000 | PA      | $458822.46    | 0.20%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                              | Blackstone Private Credit Fund                                                        | CUSIP: 09261HBN6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500308.01    | 0.22%             | 2029-07-16      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                              | CUSIP: 00206RNG3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    488000 | PA      | $481620.21    | 0.21%             | 2033-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                                             | Jefferies Financial Group Inc                                                         | CUSIP: 47233WLL1<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    750000 | PA      | $722251.57    | 0.32%             | 2036-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| KRAFT HEINZ FOODS CO                                                                | Kraft Heinz Foods Co                                                                  | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    395000 | PA      | $309547.81    | 0.14%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                                                      | BAHA Trust 2024-MAR                                                                   | CUSIP: 05493XAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $671748.29    | 0.29%             | 2041-12-10      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                   | CUSIP: 91282CQF1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1079000 | PA      | $1082034.69   | 0.47%             | 2033-03-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                         | BNP Paribas SA                                                                        | CUSIP: 05602XQR2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $297967.44    | 0.13%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38378PZQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1144983 | PA      | $106084.36    | 0.05%             | 2044-01-16      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                              | Mitsubishi UFJ Financial Group Inc                                                    | CUSIP: 606822DU5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $400006.84    | 0.18%             | 2030-04-18      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                            | Western Midstream Operating LP                                                        | CUSIP: 958667AG2<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    320000 | PA      | $318466.49    | 0.14%             | 2034-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3131WM3D6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     62838 | PA      | $64963.95     | 0.03%             | 2039-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                            | Florida Power & Light Co                                                              | CUSIP: 341081HB6<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    450000 | PA      | $429203.30    | 0.19%             | 2066-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                              | General Motors Financial Co Inc                                                       | CUSIP: 37045XED4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    725000 | PA      | $772040.70    | 0.34%             | 2033-01-09      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                      | Amazon.com Inc                                                                        | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492120.38    | 0.22%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                                                  | CyrusOne Data Centers Issuer I LLC                                                    | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $971880.70    | 0.43%             | 2049-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                                                                  | Hawaii Hotel Trust 2025-MAUI                                                          | CUSIP: 419909AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250156.25    | 0.11%             | 2042-03-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                                                                  | Valero Energy Corp                                                                    | CUSIP: 91913YBG4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    700000 | PA      | $689225.32    | 0.30%             | 2036-03-10      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                         | Oracle Corp                                                                           | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    425000 | PA      | $408148.02    | 0.18%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                               | Mexico Government International Bond                                                  | CUSIP: 91087BBQ2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    431000 | PA      | $425470.27    | 0.19%             | 2034-02-09      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                            | Vistra Operations Co LLC                                                              | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1230627.75   | 0.54%             | 2031-01-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                                 | Synchrony Financial                                                                   | CUSIP: 87165BAZ6<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $976980.10    | 0.43%             | 2032-02-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                                    | CIFC Funding 2022-VII Ltd                                                             | CUSIP: 12569EAU1<br>LEI: 2549005S1LQJ8MBPXW05 | Long             | ABS-CBDO         | CORP              | KY        |    442000 | PA      | $443651.75    | 0.19%             | 2038-01-22      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-PHH                       | CUSIP: 46650FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1938171 | PA      | $1259869.52   | 0.55%             | 2035-06-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                         | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    525000 | PA      | $534291.45    | 0.23%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31416BLC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    171207 | PA      | $176170.46    | 0.08%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Yamaha Motor Master Trust                                                           | Yamaha Motor Master Trust II                                                          | CUSIP: 98463GAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $898792.47    | 0.39%             | 2031-04-15      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                          | CUSIP: 225401BT4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    311000 | PA      | $304963.41    | 0.13%             | 2037-08-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 2YR NOTE (CBT) JUN26                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       108 | NC      | $-197704.15   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                                                            | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                      | CUSIP: 46590XAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    600000 | PA      | $554856.64    | 0.24%             | 2032-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3131X9HJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     26251 | PA      | $25989.61     | 0.01%             | 2028-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3138ADSK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90568 | PA      | $93574.56     | 0.04%             | 2041-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                     | CUSIP: 3136BVL97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    148795 | PA      | $154137.66    | 0.07%             | 2055-05-25      | Floating      | 10.05%                | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                                              | BP Capital Markets PLC                                                                | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $766871.25    | 0.34%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                                                        | Ares LIX CLO Ltd                                                                      | CUSIP: 04018EAL5<br>LEI: 549300BC3E2Y44TL8536 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $444595.00    | 0.20%             | 2034-04-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                         | Oracle Corp                                                                           | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    671000 | PA      | $656361.57    | 0.29%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                          | Fiserv Inc                                                                            | CUSIP: 337738BQ0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487797.04    | 0.21%             | 2035-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1044229 | PA      | $1065233.73   | 0.47%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DWS                                                                                 | DWS Central Cash Management Government Fund                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |   2678762 | NS      | $2678762.20   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN Commercial Mortgage Trust                                                       | MTN Commercial Mortgage Trust 2026-LPFX                                               | CUSIP: 624944AC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    741000 | PA      | $741434.15    | 0.33%             | 2043-05-15      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                                | Glencore Funding LLC                                                                  | CUSIP: 378272CE6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    750000 | PA      | $755272.81    | 0.33%             | 2036-04-01      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                                | Glencore Funding LLC                                                                  | CUSIP: 378272CC0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    572000 | PA      | $572832.07    | 0.25%             | 2031-07-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 10YR NOTE (CBT)JUN26                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       313 | NC      | $-610227.24   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31368HL35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34618 | PA      | $35387.44     | 0.02%             | 2033-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                              | Switch ABS Issuer LLC                                                                 | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $495863.25    | 0.22%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                          | Intel Corp                                                                            | CUSIP: 458140CS7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    750000 | PA      | $746851.59    | 0.33%             | 2036-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                        | CUSIP: 61748UAP7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    136000 | PA      | $132357.82    | 0.06%             | 2041-01-18      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137FVSN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4540016 | PA      | $608939.17    | 0.27%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                                                          | SERVPRO Master Issuer LLC                                                             | CUSIP: 817743AL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2985000 | PA      | $2923685.71   | 1.28%             | 2055-10-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                              | CUSIP: 00206RNP3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495305.47    | 0.22%             | 2056-10-30      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2020-IG3 Mortgage Trust                                                     | CUSIP: 08162QAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $428606.10    | 0.19%             | 2048-09-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC                                                                 | Citadel Finance LLC                                                                   | CUSIP: 17287HAE0<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492206.22    | 0.22%             | 2029-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                                  | CUSIP: 06051GNC9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    623000 | PA      | $619410.62    | 0.27%             | 2037-04-23      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                                                  | Vodafone Group PLC                                                                    | CUSIP: 92857WBD1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    375000 | PA      | $315747.64    | 0.14%             | 2043-02-19      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| MITSUBISHI UFJ FIN GRP                                                              | Mitsubishi UFJ Financial Group Inc                                                    | CUSIP: 606822DV3<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $499143.40    | 0.22%             | 2037-04-21      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137H8B83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3964956 | PA      | $424686.20    | 0.19%             | 2052-02-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                                    | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    657000 | PA      | $673101.62    | 0.30%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                      | NRG Energy Inc                                                                        | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    313000 | PA      | $306992.72    | 0.13%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                                                          | Apidos CLO XVIII-R                                                                    | CUSIP: 03767NAY2<br>LEI: 5493006I0ZVKOEXXC849 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500666.00    | 0.22%             | 2038-01-22      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                                      | Eli Lilly & Co                                                                        | CUSIP: 532457CM8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    320000 | PA      | $290025.58    | 0.13%             | 2054-02-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                      | Amazon.com Inc                                                                        | CUSIP: 023135DF0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    750000 | PA      | $738999.16    | 0.32%             | 2036-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| U.S. Bank National Association                                                      | US Bank NA                                                                            | CUSIP: 90355PAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1431557 | PA      | $1417385.32   | 0.62%             | 2046-12-25      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                         | Oracle Corp                                                                           | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    557000 | PA      | $513332.53    | 0.23%             | 2056-02-04      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                            | Marsh & McLennan Cos Inc                                                              | CUSIP: 571748BT8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    240000 | PA      | $225692.48    | 0.10%             | 2053-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 10YR ULTRA FUT JUN26                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -47 | NC      | $37251.86     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                                                            | First Citizens BancShares Inc/NC                                                      | CUSIP: 319626AA5<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    900000 | PA      | $879946.91    | 0.39%             | 2035-09-05      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital       | CUSIP: 161175CS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    571000 | PA      | $557125.81    | 0.24%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC                                                             | Honeywell Aerospace Inc                                                               | CUSIP: 43849RAG0<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    379000 | PA      | $374698.19    | 0.16%             | 2036-03-16      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                        | Broadcom Inc                                                                          | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    583000 | PA      | $563389.46    | 0.25%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2025-CRM1                                                   | CUSIP: 891946AA3<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |    359674 | PA      | $360993.15    | 0.16%             | 2065-01-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                              | Marvell Technology Inc                                                                | CUSIP: 573874AT1<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | DBT              | CORP              | US        |    585000 | PA      | $585320.70    | 0.26%             | 2036-04-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                        | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308175.92    | 0.14%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                                                          | Sixth Street CLO XIV Ltd                                                              | CUSIP: 83013NAE0<br>LEI: 2549009LM706L5P4IH84 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998840.00    | 0.44%             | 2038-01-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                                | Royal Bank of Canada                                                                  | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $290159.94    | 0.13%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                                                                | FREMF 2018-K77 Mortgage Trust                                                         | CUSIP: 30296VAS0<br>LEI: 549300KQ08QVSM4XK212 | Long             | ABS-MBS          | USGSE             | US        |   1832000 | PA      | $1806334.78   | 0.79%             | 2051-05-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                                                            | Jersey Mike's Funding                                                                 | CUSIP: 476681AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1791000 | PA      | $1814125.75   | 0.80%             | 2055-08-16      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| MRCD Mortgage Trust                                                                 | MRCD 2019-MARK Mortgage Trust                                                         | CUSIP: 55348UAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155000 | PA      | $127295.30    | 0.06%             | 2036-12-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                                 | Global Payments Inc                                                                   | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    400000 | PA      | $385784.21    | 0.17%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                                                            | Jersey Mike's Funding LLC                                                             | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    326700 | PA      | $330181.28    | 0.14%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31402C4G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21698 | PA      | $22180.80     | 0.01%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                                                                    | Ventas Realty LP                                                                      | CUSIP: 92277GBC0<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |    587000 | PA      | $575573.80    | 0.25%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| BLOCK FINANCIAL LLC                                                                 | Block Financial LLC                                                                   | CUSIP: 093662AK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $468563.84    | 0.21%             | 2032-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MAPLE PARENT HLDS CO                                                                | Maple Parent Holdings Corp                                                            | CUSIP: 56530KAD8<br>LEI: 254900J6FBJ1E892Q074 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253111.70    | 0.11%             | 2056-03-26      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2024-6                                                | CUSIP: 46657YAP9<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    414885 | PA      | $414492.56    | 0.18%             | 2054-12-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                                                               | Southwest Airlines Co                                                                 | CUSIP: 844741BL1<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496346.56    | 0.22%             | 2028-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140Y6M31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    841041 | PA      | $852640.18    | 0.37%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                      | CUSIP: 95000U4F7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    450000 | PA      | $427851.86    | 0.19%             | 2047-01-23      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                              | CUSIP: 00206RNC2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    600000 | PA      | $583618.90    | 0.26%             | 2035-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae I Pool                                                                     | CUSIP: 3620A5AX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     16175 | PA      | $16036.55     | 0.01%             | 2040-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                                                       | AEP Texas Inc                                                                         | CUSIP: 00108WAU4<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240367.92    | 0.11%             | 2055-10-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| Santander Drive Auto Receivables Trust                                              | Santander Drive Auto Receivables Trust 2025-4                                         | CUSIP: 802923AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2985550.20   | 1.31%             | 2032-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                         | Hertz Vehicle Financing III LLC                                                       | CUSIP: 42806MDQ9<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1875000 | PA      | $1869211.31   | 0.82%             | 2032-05-25      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC                                                             | Honeywell Aerospace Inc                                                               | CUSIP: 43849RAJ4<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $442595.26    | 0.19%             | 2056-03-16      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                                  | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $313935.09    | 0.14%             | 2041-11-13      | Fixed         | 8.82%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                         | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    220000 | PA      | $217947.24    | 0.10%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3132A4PW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    278896 | PA      | $262329.02    | 0.12%             | 2044-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                            | Electricite de France SA                                                              | CUSIP: 285039AQ6<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    550000 | PA      | $532654.12    | 0.23%             | 2056-04-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DWS                                                                                 | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1122803 | NS      | $1122803.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SIERRA PACIFIC POWER CO                                                             | Sierra Pacific Power Co                                                               | CUSIP: 826418BQ7<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236085.90    | 0.10%             | 2054-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                           | CUSIP: 38145GAT7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    221000 | PA      | $211330.52    | 0.09%             | 2047-01-21      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                   | HSBC Holdings PLC                                                                     | CUSIP: 404280EV7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $766222.50    | 0.34%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| BNP PARIBAS                                                                         | BNP Paribas SA                                                                        | CUSIP: 09659W3E2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    465000 | PA      | $455582.33    | 0.20%             | 2034-01-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| CARLYLE GROUP INC/THE                                                               | Carlyle Group Inc/The                                                                 | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289957.31    | 0.13%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-INV2                                                         | CUSIP: 749425AB0<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |    840973 | PA      | $841269.23    | 0.37%             | 2054-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QVLH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4155376 | PA      | $4258298.51   | 1.87%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                              | Verizon Communications Inc                                                            | CUSIP: 92343VGC2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    132000 | PA      | $87407.48     | 0.04%             | 2061-03-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31391PDR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7153 | PA      | $7298.12      | 0.00%             | 2032-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38382MMP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2699288 | PA      | $481953.72    | 0.21%             | 2050-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                            | Capital One Financial Corp                                                            | CUSIP: 14040HDP7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    666000 | PA      | $658096.71    | 0.29%             | 2032-01-30      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                                                      | SWCH Commercial Mortgage Trust 2025-DATA                                              | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $495625.00    | 0.22%             | 2042-02-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3138X8ZV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    126491 | PA      | $124794.61    | 0.05%             | 2043-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                                   | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2727000 | PA      | $2625589.69   | 1.15%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                       | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    280000 | PA      | $278656.76    | 0.12%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: —       |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                                    | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    460000 | PA      | $461239.70    | 0.20%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                          | Fiserv Inc                                                                            | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480718.94    | 0.21%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140J7UN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    827596 | PA      | $768580.58    | 0.34%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                               | GFL Environmental Inc                                                                 | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    450000 | PA      | $466552.80    | 0.20%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARLYLE SECURED LENDING                                                             | Carlyle Secured Lending Inc                                                           | CUSIP: 872280AB8<br>LEI: 5493003POT0JT6WD1D83 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484079.07    | 0.21%             | 2031-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                                                              | Taco Bell Funding LLC                                                                 | CUSIP: 87342RAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1875000 | PA      | $1833748.69   | 0.80%             | 2055-08-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                                                      | Galaxy 34 Clo Ltd                                                                     | CUSIP: 36322AAA0<br>LEI: 3912002JK68FWHXUMG23 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500459.50    | 0.22%             | 2037-10-20      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                                                      | BAHA Trust 2024-MAR                                                                   | CUSIP: 05493XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    836000 | PA      | $854416.08    | 0.37%             | 2041-12-10      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38382MA66<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11396731 | PA      | $1396264.80   | 0.61%             | 2051-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BRCK Trust                                                                          | BRCK Trust 2025-830B                                                                  | CUSIP: 10635AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1986743.40   | 0.87%             | 2042-12-10      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2006-43CB                                                      | CUSIP: 02149FAD6<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |     95765 | PA      | $47995.98     | 0.02%             | 2037-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                                                          | TELUS Corp                                                                            | CUSIP: 87971MCR2<br>LEI: 894500TX134IMF6NW757 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $596697.54    | 0.26%             | 2056-06-09      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QWA77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1756995 | PA      | $1805254.89   | 0.79%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                                                | Targa Resources Corp                                                                  | CUSIP: 87612GAU5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    425000 | PA      | $412632.25    | 0.18%             | 2056-05-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: —       |
| FREMF Mortgage Trust                                                                | FREMF 2018-K75 Mortgage Trust                                                         | CUSIP: 30296PAS3<br>LEI: 549300KQ08QVSM4XK212 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $983491.10    | 0.43%             | 2051-04-25      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                                                             | Fidelity National Information Services Inc                                            | CUSIP: 31620MCA2<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    549000 | PA      | $547459.62    | 0.24%             | 2028-03-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust                                                       | MTN Commercial Mortgage Trust 2026-LPFX                                               | CUSIP: 624944AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833000 | PA      | $833441.82    | 0.37%             | 2043-05-15      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                    | CUSIP: 3137F6K55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2937139 | PA      | $402826.79    | 0.18%             | 2050-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                                              | RR 35 LTD                                                                             | CUSIP: 74988DAE2<br>LEI: 549300V317BEVFPNAZ66 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $600833.40    | 0.26%             | 2040-01-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                              | Daimler Truck Finance North America LLC                                               | CUSIP: 233853BJ8<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    441000 | PA      | $439960.40    | 0.19%             | 2032-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                              | CUSIP: 05377RKK9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $404846.64    | 0.18%             | 2028-10-20      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                         | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    640000 | PA      | $657032.08    | 0.29%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Issuer LLC, Cristobal Issuer LLC & COPT DC-6 Issuer LLC | Cloud Capital Holdco LP                                                               | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $451246.10    | 0.20%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                                  | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    633000 | PA      | $646200.38    | 0.28%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                                 | Dominion Energy Inc                                                                   | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255686.75    | 0.11%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                                 | CUSIP: 44855PAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135000 | PA      | $1161814.15   | 0.51%             | 2040-01-13      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| EQUINIX EU 2 FINANCING C                                                            | Equinix Europe 2 Financing Corp LLC                                                   | CUSIP: 29390XAH7<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              |  | US        |    474000 | PA      | $464282.85    | 0.20%             | 2033-03-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                        | Enbridge Inc                                                                          | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $301748.10    | 0.13%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                             | Jane Street Group / JSG Finance Inc                                                   | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $462418.39    | 0.20%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                   | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $97890.63     | 0.04%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                                               | Norfolk Southern Corp                                                                 | CUSIP: 655844CU0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499187.43    | 0.22%             | 2064-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| ROYAL CARIBBEAN CRUISES                                                             | Royal Caribbean Cruises Ltd                                                           | CUSIP: 78017TAD5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    521000 | PA      | $497836.19    | 0.22%             | 2038-02-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| BARCLAYS PLC                                                                        | Barclays PLC                                                                          | CUSIP: 06738EDJ1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    660000 | PA      | $646041.62    | 0.28%             | 2032-02-24      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                                                               | Arroyo Mortgage Trust 2021-1R                                                         | CUSIP: 042853AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1226239 | PA      | $1128264.44   | 0.50%             | 2048-10-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                              | Williams Cos Inc/The                                                                  | CUSIP: 969457CV0<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    400000 | PA      | $394237.00    | 0.17%             | 2036-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140BJ7M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2983855 | PA      | $3028784.90   | 1.33%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                              | NextEra Energy Capital Holdings Inc                                                   | CUSIP: 65339KDL1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    525000 | PA      | $535280.24    | 0.23%             | 2035-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QVG65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4879859 | PA      | $5013896.48   | 2.20%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                                        | CaixaBank SA                                                                          | CUSIP: 12803RAP9<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    458000 | PA      | $452460.38    | 0.20%             | 2037-04-22      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                                                        | TICP CLO XI Ltd                                                                       | CUSIP: 87249QAL4<br>LEI: 254900JG2DPAYUCW8T83 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500701.50    | 0.22%             | 2037-04-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                                              | CHL Mortgage Pass-Through Trust 2004-13                                               | CUSIP: 12669FK44<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90257 | PA      | $88983.49     | 0.04%             | 2034-08-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                              | CUSIP: 345397C68<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    749000 | PA      | $793113.07    | 0.35%             | 2030-03-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                                  | CUSIP: 74970WAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $464795.15    | 0.20%             | 2041-11-13      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| Race Point CLO Ltd                                                                  | Race Point X CLO Ltd                                                                  | CUSIP: 74983DAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    759634 | PA      | $763167.82    | 0.33%             | 2031-07-25      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                                 | CUSIP: 44855PAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $230265.79    | 0.10%             | 2040-01-13      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                                 | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $194494.58    | 0.09%             | 2040-01-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                                  | Expand Energy Corp                                                                    | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    585000 | PA      | $584858.67    | 0.26%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY LP                                                                   | Vornado Realty LP                                                                     | CUSIP: 929043AN7<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |    700000 | PA      | $701186.93    | 0.31%             | 2033-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                                                                   | Teva Pharmaceutical Finance Netherlands IV BV                                         | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |    550000 | PA      | $564511.20    | 0.25%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31385XQ91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51068 | PA      | $52203.28     | 0.02%             | 2033-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                                                      | Manhattan West 2020-1MW Mortgage Trust                                                | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1931022.80   | 0.85%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                                              | Merrill Lynch Mortgage Investors Trust Series 2003-A6                                 | CUSIP: 5899294H8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |     53723 | PA      | $53140.23     | 0.02%             | 2033-10-25      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                            | Capital One Financial Corp                                                            | CUSIP: 14040HDQ5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    403000 | PA      | $395859.19    | 0.17%             | 2037-01-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                   | HSBC Holdings PLC                                                                     | CUSIP: 404280FH7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202571.16    | 0.09%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                       | Carnival Corp                                                                         | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    144000 | PA      | $146110.98    | 0.06%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| Chicago Board of Trade                                                              | US LONG BOND(CBT) JUN26                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -5 | NC      | $8111.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                            | African Development Bank                                                              | CUSIP: 008281BK2<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    400000 | PA      | $390918.07    | 0.17%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                            | Occidental Petroleum Corp                                                             | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    500000 | PA      | $569404.28    | 0.25%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 31427RGH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1722819 | PA      | $1718075.57   | 0.75%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                          | Intel Corp                                                                            | CUSIP: 458140CR9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    675000 | PA      | $672363.10    | 0.30%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                                                            | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                      | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     31000 | PA      | $33690.15     | 0.01%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 31427MTS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1821475 | PA      | $1856930.14   | 0.81%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                            | Sumitomo Mitsui Financial Group Inc                                                   | CUSIP: 86562MEG1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $193835.28    | 0.09%             | 2047-01-15      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| CIT Group Home Equity Loan Trust                                                    | CIT Home Equity Loan Trust 2002-1                                                     | CUSIP: 12558MAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        50 | PA      | $49.56        | 0.00%             | 2030-02-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                       | UBS Commercial Mortgage Trust 2017-C4                                                 | CUSIP: 90276RBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91011 | PA      | $89847.67     | 0.04%             | 2050-10-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                                                | RLJ Lodging Trust LP                                                                  | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    600000 | PA      | $566938.62    | 0.25%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | JP Morgan Chase Commercial Mortgage Securities Trust 2021-1MEM                        | CUSIP: 46654BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1475159.88   | 0.65%             | 2042-10-09      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                                    | Paramount Global                                                                      | CUSIP: 124857AZ6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    725000 | PA      | $698483.20    | 0.31%             | 2029-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                                   | CUSIP: 46647PFP6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    750000 | PA      | $745518.30    | 0.33%             | 2037-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                                            | Burlington Northern Santa Fe LLC                                                      | CUSIP: 12189LBN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $483714.55    | 0.21%             | 2056-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                          | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    301000 | PA      | $275947.62    | 0.12%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                                            | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC                  | CUSIP: 22207AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $145926.95    | 0.06%             | 2031-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| AT&T INC                                                                            | AT&T Inc                                                                              | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    220000 | PA      | $141662.02    | 0.06%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                              | PNC Financial Services Group Inc/The                                                  | CUSIP: 693475CF0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    240000 | PA      | $235371.98    | 0.10%             | 2041-01-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: —       |
| JABIL INC                                                                           | Jabil Inc                                                                             | CUSIP: 46656PAC8<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    296000 | PA      | $292401.18    | 0.13%             | 2029-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                              | Banque Federative du Credit Mutuel SA                                                 | CUSIP: 06675DCU4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $592952.63    | 0.26%             | 2031-01-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: —       |
| ENEL FINANCE INTL NV                                                                | ENEL Finance International NV                                                         | CUSIP: 29278GBJ6<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    490000 | PA      | $459036.02    | 0.20%             | 2055-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                            | Western Midstream Operating LP                                                        | CUSIP: 958667AH0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149002.43    | 0.07%             | 2031-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                              | Verizon Communications Inc                                                            | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    220000 | PA      | $212612.43    | 0.09%             | 2055-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| MICROSOFT CORP                                                                      | Microsoft Corp                                                                        | CUSIP: 594918CE2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    465000 | PA      | $295816.53    | 0.13%             | 2052-03-17      | Fixed         | 2.92%                 | No            |                  2 | On Loan: —       |
| JEFFERIES FIN GROUP INC                                                             | Jefferies Financial Group Inc                                                         | CUSIP: 47233WMK2<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    436000 | PA      | $429946.29    | 0.19%             | 2031-04-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                                             | Dryden 64 CLO Ltd                                                                     | CUSIP: 26251LAG9<br>LEI: 549300KI3ILQQHC87U86 | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1201664.40   | 0.53%             | 2031-04-18      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                              | American Honda Finance Corp                                                           | CUSIP: 02665WGT2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391486.11    | 0.17%             | 2036-01-08      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| HESS MIDSTREAM OPERATION                                                            | Hess Midstream Operations LP                                                          | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024575.00   | 0.45%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SYCA Commercial Mortgage Trust 2025-WAG                                             | SYCA Commercial Mortgage Trust 2025-WAG                                               | CUSIP: 87114AAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994861.30    | 0.44%             | 2042-11-10      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                         | BNP Paribas SA                                                                        | CUSIP: 05602XQS0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    750000 | PA      | $754399.50    | 0.33%             | N/A             | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| SOMPO HOLDINGS INC                                                                  | Sompo Holdings Inc                                                                    | CUSIP: 83540JAA9<br>LEI: 353800CWW4SRGEYEB512 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $295184.95    | 0.13%             | 2037-04-22      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                        | CUSIP: 61748UAW2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498776.38    | 0.22%             | 2032-04-16      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                              | Verizon Communications Inc                                                            | CUSIP: 92343VFT6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    117000 | PA      | $82020.33     | 0.04%             | 2040-11-20      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile Receivables Trust                                      | Foursight Capital Automobile Receivables Trust 2023-2                                 | CUSIP: 35104AAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $761286.08    | 0.33%             | 2029-04-16      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| IDAHO POWER CO                                                                      | Idaho Power Co                                                                        | CUSIP: 45138LBM4<br>LEI: TN0LL73P2C8X3W6KM391 | Long             | DBT              | CORP              | US        |    396000 | PA      | $387785.76    | 0.17%             | 2036-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                           | CUSIP: 38141GD43<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    288000 | PA      | $279368.21    | 0.12%             | 2036-10-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                                  | Meta Platforms Inc                                                                    | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    291000 | PA      | $258636.22    | 0.11%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                    | T-Mobile USA Inc                                                                      | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483209.10    | 0.21%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                                   | CBRE Services Inc                                                                     | CUSIP: 12505BAL4<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    249000 | PA      | $246133.19    | 0.11%             | 2033-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                        | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520223.41    | 0.23%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38379PLX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    633362 | PA      | $123782.25    | 0.05%             | 2045-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                            | Mars Inc                                                                              | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    334000 | PA      | $324994.27    | 0.14%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SLG Office Trust                                                                    | SLG Office Trust 2021-OVA                                                             | CUSIP: 78449RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $892200.00    | 0.39%             | 2041-07-15      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                                   | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3030100 | PA      | $2893745.50   | 1.27%             | 2046-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                             | Public Service Co of Colorado                                                         | CUSIP: 744448DC2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497341.88    | 0.22%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                              | Verizon Communications Inc                                                            | CUSIP: 92343VGL2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    150000 | PA      | $105390.95    | 0.05%             | 2041-09-03      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                       | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    299000 | PA      | $301819.40    | 0.13%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Lewey Park CLO Ltd                                                                  | Lewey Park CLO Ltd                                                                    | CUSIP: 527911AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500425.00    | 0.22%             | 2037-10-21      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| ORANGE SA                                                                           | Orange SA                                                                             | CUSIP: 685218AF6<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $489143.63    | 0.21%             | 2036-01-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD                                                                       | Videotron Ltd                                                                         | CUSIP: 92660FAT1<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $301851.32    | 0.13%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                             | HCA Inc                                                                               | CUSIP: 404119DK2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993404.35    | 0.44%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centragas                                                                           | CENT 2025-CITY                                                                        | CUSIP: 12517TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1004647.20   | 0.44%             | 2040-07-10      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                                   | Sysco Corp                                                                            | CUSIP: 871829BX4<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    500000 | PA      | $479770.53    | 0.21%             | 2036-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3140QSP88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1163900 | PA      | $1175464.65   | 0.52%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                                   | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    441000 | PA      | $452710.76    | 0.20%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                              | CUSIP: 05377RJY1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $655168.02    | 0.29%             | 2030-02-20      | Fixed         | 7.52%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                                                       | AppLovin Corp                                                                         | CUSIP: 03831WAE8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    257000 | PA      | $235748.93    | 0.10%             | 2054-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| WYNDHAM HOTELS & RESORTS                                                            | Wyndham Hotels & Resorts Inc                                                          | CUSIP: 98311AAE5<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494779.60    | 0.22%             | 2033-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2026-1                                | CUSIP: 44644NAV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1871940 | PA      | $1861314.16   | 0.82%             | 2034-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                      | NRG Energy Inc                                                                        | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    750000 | PA      | $741965.93    | 0.33%             | 2030-10-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: —       |
| UBS AG STAMFORD CT                                                                  | UBS AG/Stamford CT                                                                    | CUSIP: 90261AAH5<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    750000 | PA      | $748394.51    | 0.33%             | 2032-02-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US ULTRA BOND CBT JUN26                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        66 | NC      | $-367307.82   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 31408H4P7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55762 | PA      | $57378.61     | 0.03%             | 2031-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                              | Pacific Gas and Electric Co                                                           | CUSIP: 694308HY6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    350000 | PA      | $255894.63    | 0.11%             | 2047-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                                 | Kinetik Holdings LP                                                                   | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    550000 | PA      | $561051.15    | 0.25%             | 2028-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                              | Blackstone Private Credit Fund                                                        | CUSIP: 09261HBS5<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483846.50    | 0.21%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAPLE PARENT HLDS CO                                                                | Maple Parent Holdings Corp                                                            | CUSIP: 56530KAB2<br>LEI: 254900J6FBJ1E892Q074 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300621.26    | 0.13%             | 2031-03-26      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FEDEX FREIGHT HOLDING CO                                                            | Fedex Freight Holding Co Inc                                                          | CUSIP: 314352AE5<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    542000 | PA      | $532359.92    | 0.23%             | 2033-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                                                      | PulteGroup Inc                                                                        | CUSIP: 745867AZ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    684000 | PA      | $664113.21    | 0.29%             | 2036-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                                                        | ADT Security Corp/The                                                                 | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    550000 | PA      | $523802.62    | 0.23%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP                                                                           | Sunoco LP                                                                             | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    550000 | PA      | $562112.65    | 0.25%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                              | Marriott International Inc/MD                                                         | CUSIP: 571903BZ5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    761000 | PA      | $729852.74    | 0.32%             | 2038-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                                         | Exelon Corp                                                                           | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    400000 | PA      | $413659.20    | 0.18%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SLG Office Trust                                                                    | SLG Office Trust 2021-OVA                                                             | CUSIP: 78449RAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $828499.90    | 0.36%             | 2041-07-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                                            | Eagle Funding Luxco Sarl                                                              | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    621000 | PA      | $625781.70    | 0.27%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DISCOVERY HOLDINGS INC                                                              | Discovery Global Holdings Inc                                                         | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1265199.00   | 0.56%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| KNDR Trust 2021-KIND                                                                | KIND Trust 2021-KIND                                                                  | CUSIP: 482606AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    495860 | PA      | $494042.13    | 0.22%             | 2038-08-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                                | M&T Bank Corp                                                                         | CUSIP: 55261FBA1<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    460000 | PA      | $456227.22    | 0.20%             | 2036-04-18      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                      | CUSIP: 3132DTX47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1571098 | PA      | $1384223.38   | 0.61%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS                                                            | United Airlines Holdings Inc                                                          | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     41000 | PA      | $40410.17     | 0.02%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                            | EQT Corp                                                                              | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    745000 | PA      | $771269.48    | 0.34%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| CARNIVAL CORP                                                                       | Carnival Corp                                                                         | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    500000 | PA      | $498501.45    | 0.22%             | 2029-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                              | Sempra                                                                                | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985517.60    | 0.43%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELEC POWER                                                             | Southwestern Electric Power Co                                                        | CUSIP: 845437BV3<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    386000 | PA      | $380809.84    | 0.17%             | 2036-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                   | CUSIP: 91282CQJ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1750000 | PA      | $1748222.67   | 0.77%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank                                                               | Western Alliance Bank                                                                 | CUSIP: 95763PNC1<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |   1020653 | PA      | $1094576.54   | 0.48%             | 2059-07-25      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                              | American Honda Finance Corp                                                           | CUSIP: 02665WGX3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    460000 | PA      | $459104.49    | 0.20%             | 2031-04-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MAPLE PARENT HLDS CO                                                                | Maple Parent Holdings Corp                                                            | CUSIP: 56530KAA4<br>LEI: 254900J6FBJ1E892Q074 | Long             | DBT              | CORP              | US        |    544000 | PA      | $543893.62    | 0.24%             | 2029-03-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                                            | Virginia Electric and Power Co                                                        | CUSIP: 927804GY4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    500000 | PA      | $482035.97    | 0.21%             | 2056-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                                            | Banco BTG Pactual SA/Cayman Islands                                                   | CUSIP: 05971AAM3<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |    611000 | PA      | $602598.75    | 0.26%             | 2031-01-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| OLIN CORP                                                                           | Olin Corp                                                                             | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    159000 | PA      | $157512.89    | 0.07%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| Credit Suisse First Boston Mortgage Securities                                      | CSFB Mortgage-Backed Pass-Through Certificates Series 2005-10                         | CUSIP: 225470FM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191345 | PA      | $42066.04     | 0.02%             | 2035-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust                                                       | MTN Commercial Mortgage Trust 2026-LPFX                                               | CUSIP: 624944AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500293.50    | 0.22%             | 2043-05-15      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                              | CUSIP: 38383FVU4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7771652 | PA      | $1012219.57   | 0.44%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                                      | Eli Lilly & Co                                                                        | CUSIP: 532457CT3<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    120000 | PA      | $109003.22    | 0.05%             | 2064-08-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                                                            | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                      | CUSIP: 472140AK8<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    305000 | PA      | $293656.44    | 0.13%             | 2066-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                                    | Puget Energy Inc                                                                      | CUSIP: 745310AR3<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001252.00   | 0.44%             | 2056-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                                                          | EZCORP Inc                                                                            | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    550000 | PA      | $581438.00    | 0.26%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AIRBNB INC                                                                          | Airbnb Inc                                                                            | CUSIP: 009066AE1<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    400000 | PA      | $398918.58    | 0.18%             | 2036-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                       | Carnival Corp                                                                         | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    250000 | PA      | $253556.00    | 0.11%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                                        | CaixaBank SA                                                                          | CUSIP: 12803RAN4<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $198703.20    | 0.09%             | 2032-04-22      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                       | CUSIP: 3138ERHZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    339658 | PA      | $316701.23    | 0.14%             | 2046-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                      | NRG Energy Inc                                                                        | CUSIP: 629377DE9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496567.12    | 0.22%             | 2031-04-30      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Pass-through Certificates                                       | ILPT Commercial Mortgage Trust 2025-LPF2                                              | CUSIP: 451955AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1005162.60   | 0.44%             | 2042-07-13      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                                                            | Petrobras Global Finance BV                                                           | CUSIP: 71647NBN8<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    506000 | PA      | $505418.10    | 0.22%             | 2036-01-10      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                        | Broadcom Inc                                                                          | CUSIP: 11135FDD0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347952.34    | 0.15%             | 2056-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: —       |
| PETROBRAS GLOBAL FINANCE                                                            | Petrobras Global Finance BV                                                           | CUSIP: 71647NBM0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    675000 | PA      | $668958.75    | 0.29%             | 2030-09-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                             | Dell International LLC / EMC Corp                                                     | CUSIP: 24703DBU4<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    375000 | PA      | $368832.16    | 0.16%             | 2036-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                                                             | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                               | CUSIP: 05724BAQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $271444.28    | 0.12%             | 2056-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** DEUTSCHE DWS PORTFOLIO TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer