# EDGAR Filing Document

**Accession Number:** 0001450011
**File Stem:** 0001450011-25-000510
**Filing Date:** 2025-8
**Character Count:** 227616
**Document Hash:** 193edb49925956c70518494dddeacadb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001450011-25-000510.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001450011-25-000510

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO ETF Trust
- **CENTRAL INDEX KEY:** 0001450011

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22250
- **FILM NUMBER:** 251277493

**BUSINESS ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** 949.720.6000

**MAIL ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

## Series and Classes Contracts Data

### PIMCO Enhanced Low Duration Active Exchange-Traded Fund (Series ID: S000037977)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000117167 | PIMCO Enhanced Low Duration Active Exchange-Traded Fund | LDUR            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-22250

- **c. CIK number of Registrant:** 0001450011

- **d. LEI of Registrant:** 5493004M9TBGFQUJ6D27

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

  - **Street Address 1:** 650 Newport Center Drive

  - **City:** Newport Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** (888) 400-4383

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

- **a. Name of Series:** PIMCO Enhanced Low Duration Active Exchange-Traded Fund

- **b. EDGAR series identifier (if any):** S000037977

- **c. LEI of Series:** 549300GQB1D1UUTM2872

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

- **a. Date of fiscal year-end:** 2025-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1212508194.70

**Total Liabilities:** $282843977.51

**Net Assets:** $929664217.19

**Delayed Delivery Securities:** $22500000.00

**Cash Not Reported:** $20176679.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 106123.354100 | **1-Year:** 87948.164800 | **5-Year:** 73749.373800 | **10-Year:** 5348.209100 | **30-Year:** 0.000000

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

- **3-Month:** 969.294600 | **1-Year:** 832.175300 | **5-Year:** 298.179600 | **10-Year:** 22.223200 | **30-Year:** 35.053100

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000117167 | 0.40%                | -0.01%               | 0.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-961553.57              | $-270149.67                                |
| Month 2  | $-572676.05              | $-959324.48                                |
| Month 3  | $-594730.82              | $3123583.84                                |

**Designated Index Information**

- **Index Name:** 50% ICE BofA 1-3 Year US Treasury Index, 50% Bloomberg US Intermediate Credit Total Return Index

- **Index Identifier:** G1O2, LUICTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H09070 FG 09/37 FIXED 6.5            | CUSIP: 3128UNCF7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     16412 | PA      | $16769.85     | 0.00%             | 2037-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORPORATION                                           | HYATT HOTELS CORP SR UNSECURED 03/28 5.05              | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1718905.60   | 0.18%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FINANCE AMERICA MTGE LOAN TRUST 2004-2                             | FINANCE AMERICA MORTGAGE LOAN FINA 2004 2 M1           | CUSIP: 317350BD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     99543 | PA      | $94769.38     | 0.01%             | 2034-08-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON ALT MTGE SEC 2004-AA7                                | FIRST HORIZON ALTERNATIVE MORT FHAMS 2004 AA7 2A1      | CUSIP: 32051GFB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    133138 | PA      | $126356.69    | 0.01%             | 2035-02-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-HY3                                 | TOWD POINT MORTGAGE TRUST TPMT 2019 HY3 A1A 144A       | CUSIP: 89177XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    336562 | PA      | $339292.58    | 0.04%             | 2059-10-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                            | FREDDIE MAC FHR 5500 GF                                | CUSIP: 3137HJB30<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3178613 | PA      | $3182002.75   | 0.34%             | 2054-10-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                                   | FIRSTENERGY CORP SR UNSECURED 07/27 4.15               | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    901000 | PA      | $891182.75    | 0.10%             | 2027-07-15      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD CHF BOUGHT USD 20250804                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $-542.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5513                                            | FREDDIE MAC FHR 5513 MF                                | CUSIP: 3137HKEX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  11042300 | PA      | $11019752.32  | 1.19%             | 2054-11-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL G80365 FG 10/38 FIXED 6.5            | CUSIP: 31335PMN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     34505 | PA      | $35743.37     | 0.00%             | 2038-10-17      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 995858 FN 09/37 FIXED VAR                    | CUSIP: 31416CJB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       485 | PA      | $499.19       | 0.00%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | RFR USD SOFR/3.8616* 12/02/24-4Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-312618.65   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP INC                                         | MIZUHO FINANCIAL GROUP SR UNSECURED 05/31 VAR          | CUSIP: 60687YDK2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   8500000 | PA      | $8504737.73   | 0.91%             | 2031-05-13      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL U30402 FG 06/37 FIXED 5.55           | CUSIP: 31335YNT9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     23756 | PA      | $23835.30     | 0.00%             | 2037-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-A                   | NAVIENT STUDENT LOAN TRUST NAVSL 2021 A A 144A         | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    785900 | PA      | $716888.74    | 0.08%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5491                                            | FREDDIE MAC FHR 5491 FL                                | CUSIP: 3137HJ5P8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    931093 | PA      | $933319.11    | 0.10%             | 2055-01-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| BWAY MORTGAGE TRUST 2021-1450                                      | BWAY MORTGAGE TRUST BWAY 2021 1450 A 144A              | CUSIP: 12430YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2896052.10   | 0.31%             | 2036-09-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 952320 FN 10/37 FIXED 6.5                    | CUSIP: 31413QPD4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     16163 | PA      | $16255.61     | 0.00%             | 2037-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                      | FORD MOTOR CREDIT CO LLC SR UNSECURED 08/25 4.134      | CUSIP: 345397XL2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  10625000 | PA      | $10614293.61  | 1.14%             | 2025-08-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H09117 FG 11/37 FIXED 6.5            | CUSIP: 3128UNDW9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5040 | PA      | $5167.52      | 0.00%             | 2037-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST 2025-A1                              | SYNCHRONY CARD ISSUANCE TRUST SYNIT 2025 A1 A          | CUSIP: 87166PAP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5900000 | PA      | $5996271.48   | 0.64%             | 2031-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSEET MTGE INV INC 2002-AR3                            | STRUCTURED ASSET MORTGAGE INVE SAMI 2002 AR3 A1        | CUSIP: 86358HNX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2324 | PA      | $2250.60      | 0.00%             | 2032-09-19      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-D                            | SMB PRIVATE EDUCATION LOAN TRU SMB 2024 D A1A 144A     | CUSIP: 83207QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2221448 | PA      | $2268502.83   | 0.24%             | 2053-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST 2024-6                                        | VERIZON MASTER TRUST VZMT 2024 6 A1A                   | CUSIP: 92348KDE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4510259.55   | 0.49%             | 2030-08-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE CAPITAL CLO LTD 2015-6A                                  | ANCHORAGE CAPITAL CLO LTD ANCHC 2015 6A AR3 144A       | CUSIP: 03328QBL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1703820.78   | 0.18%             | 2034-04-22      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL AH5878 G2 03/44 FIXED 3.75                | CUSIP: 36182NQ71<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     38236 | PA      | $35348.96     | 0.00%             | 2044-03-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ISRAEL GOVT                                                        | STATE OF ISRAEL SR UNSECURED 02/30 5.375               | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   6400000 | PA      | $6530102.34   | 0.70%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL BK5879 G2 11/48 FIXED 4.5                 | CUSIP: 3617J6Q80<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     54289 | PA      | $51418.55     | 0.01%             | 2048-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL MA2953 FN 03/47 FIXED 4                      | CUSIP: 31418CH72<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     42256 | PA      | $40123.52     | 0.00%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                                       | SK HYNIX INC SR UNSECURED 144A 01/26 1.5               | CUSIP: 78392BAB3<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |   3100000 | PA      | $3049970.96   | 0.33%             | 2026-01-19      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM6 TRUST                                                | ONSLOW BAY FINANCIAL LLC OBX 2023 NQM6 A1 144A         | CUSIP: 67117VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1742843 | PA      | $1757743.43   | 0.19%             | 2063-07-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING 4 LP 2024-2                                  | PK ALIFT LOAN FUNDING PKAIR 2024 2 A 144A              | CUSIP: 69381EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4749456 | PA      | $4740471.48   | 0.51%             | 2039-10-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N31493 FG 02/38 FIXED 5              | CUSIP: 31281BUS7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     60969 | PA      | $61934.05     | 0.01%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004492 G2 07/39 FIXED 6.5                 | CUSIP: 36202E7D5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     27753 | PA      | $28367.41     | 0.00%             | 2039-07-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL MA1253 FN 11/42 FIXED 4                      | CUSIP: 31418AMB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     94346 | PA      | $90754.66     | 0.01%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H01774 FG 09/37 FIXED 6.5            | CUSIP: 3128MT6K9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     32824 | PA      | $33527.06     | 0.00%             | 2037-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE CORPORATION                                | NISSAN MOTOR ACCEPTANCE SR UNSECURED 144A 09/26 1.85   | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1908798.24   | 0.21%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 889154 FN 02/38 FIXED VAR                    | CUSIP: 31410GZT3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      2427 | PA      | $2351.68      | 0.00%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 899432 FN 05/37 FIXED 6                      | CUSIP: 31410WHH4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |        50 | PA      | $50.23        | 0.00%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 800447 FN 10/34 FIXED 5                      | CUSIP: 31405VHY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     19778 | PA      | $19223.35     | 0.00%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-18                                          | FANNIE MAE FNR 2025 18 FM                              | CUSIP: 3136BVKH0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7762228 | PA      | $7736581.96   | 0.83%             | 2054-09-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2020-PTA                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2020 PTA A2B 144A   | CUSIP: 78449VAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350867 | PA      | $1346943.57   | 0.14%             | 2054-09-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 819457 FN 02/35 FIXED 4.75                   | CUSIP: 31406TME8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     97397 | PA      | $97983.91     | 0.01%             | 2035-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-MHC      | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 MHC A 144A   | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    865947 | PA      | $866376.33    | 0.09%             | 2038-04-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL U31817 FG 03/38 FIXED 5.4            | CUSIP: 31321XAS3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     68190 | PA      | $69983.81     | 0.01%             | 2038-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NXP BV / NXP FUNDING LLC / NXP USA INC                             | NXP BV NXP FDG NXP USA DISC CO 09/25 ZCP               | CUSIP: 67122RWA6<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   9200000 | PA      | $9114679.20   | 0.98%             | 2025-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL K30066 FG 06/47 FIXED 5.5            | CUSIP: 31302PCB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     50010 | PA      | $50355.14     | 0.01%             | 2047-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA INC DISC COML PAPER 4/A2 Y 08/25 ZCP               | CUSIP: 40412BVF7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1192465.32   | 0.13%             | 2025-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 257138 FN 03/38 FIXED 5                      | CUSIP: 31371NS30<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      8180 | PA      | $8180.19      | 0.00%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHEVY CHASE MTGE FUNDING CORP 2004-3A                              | CHEVY CHASE MORTGAGE FUNDING C CCMFC 2004 3A A2 144A   | CUSIP: 16678RBV8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13749 | PA      | $13343.17     | 0.00%             | 2035-08-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2020-NQM1                      | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2020 NQM1 A1 144A   | CUSIP: 64830VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4076799 | PA      | $3853238.46   | 0.41%             | 2060-01-26      | Variable      | 2.46%                 | No            |                  2 | On Loan: No      |
| TRALEE CLO VI LTD 2019 6A                                          | TRALEE CDO LTD TRAL 2019 6A A1RR 144A                  | CUSIP: 89289EBL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2472164 | PA      | $2474043.08   | 0.27%             | 2032-10-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2007-OA6                             | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 OA6 A1A      | CUSIP: 02150PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     49025 | PA      | $44690.10     | 0.00%             | 2037-06-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ABS INC 2004-HE7                                      | BEAR STEARNS ASSET BACKED SECU BSABS 2004 HE7 M1       | CUSIP: 073879EU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    396941 | PA      | $393228.72    | 0.04%             | 2034-08-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-16                                          | FANNIE MAE FNR 2025 16 FA                              | CUSIP: 3136BU5D8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2349368 | PA      | $2349687.02   | 0.25%             | 2055-03-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2021-SJ2                                 | TOWD POINT MORTGAGE TRUST TPMT 2021 SJ2 A1A 144A       | CUSIP: 89180LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1669006 | PA      | $1616724.61   | 0.17%             | 2061-12-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL B32059 FG 09/37 FIXED 5.4            | CUSIP: 312979JC2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    162014 | PA      | $166428.06    | 0.02%             | 2037-09-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PRPM 2023-NQM3 TRUST                                               | PRP ADVISORS, LLC PRPM 2023 NQM3 A1 144A               | CUSIP: 69380TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    534675 | PA      | $538193.94    | 0.06%             | 2068-11-25      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                            | BAYER US FINANCE II LLC COMPANY GUAR 144A 12/28 4.375  | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1486399.68   | 0.16%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 2023-1                             | CITIZENS AUTO RECEIVABLES TRUS CITZN 2023 1 A3 144A    | CUSIP: 17331KAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5722138 | PA      | $5759548.09   | 0.62%             | 2028-01-18      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 738753 FN 09/33 FIXED 6                      | CUSIP: 31402UWN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    116943 | PA      | $119791.43    | 0.01%             | 2033-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5548                                            | FREDDIE MAC FHR 5548 AF                                | CUSIP: 3137HLJG8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3475955 | PA      | $3487968.39   | 0.38%             | 2055-06-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 716993 G2 06/39 FIXED 5.4                 | CUSIP: 3620A2RN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     77078 | PA      | $78014.30     | 0.01%             | 2039-06-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 256372 FN 07/36 FIXED 6.5                    | CUSIP: 31371MW94<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    149710 | PA      | $153109.43    | 0.02%             | 2036-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ONE NEW YORK PLAZA TRUST 2020-1NYP                                 | ONE NEW YORK PLAZA TRUST 2020 ONYP 2020 1NYP A 144A    | CUSIP: 68249DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3700000 | PA      | $3599016.27   | 0.39%             | 2036-01-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AS0070 FN 08/43 FIXED 4                      | CUSIP: 3138W9CG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     47590 | PA      | $45601.73     | 0.00%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2025-1 LLC                              | ENTERPRISE FLEET FINANCING LLC EFF 2025 1 A3 144A      | CUSIP: 29390HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3700000 | PA      | $3757137.62   | 0.40%             | 2029-02-20      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                | NOMURA HOLDINGS INC SR UNSECURED 07/25 5.099           | CUSIP: 65535HBE8<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   3692000 | PA      | $3692076.28   | 0.40%             | 2025-07-03      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                       | BROADCOM INC DISC COML PAPER                           | CUSIP: 11135MUA2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    600000 | PA      | $599234.34    | 0.06%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                | NATWEST MARKETS PLC SR UNSECURED REGS 05/27 VAR        | CUSIP: G6382G7Q9<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   4700000 | PA      | $4721758.98   | 0.51%             | 2027-05-17      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 405220 FN 09/28 FIXED 6                      | CUSIP: 31378QDZ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       363 | PA      | $361.97       | 0.00%             | 2028-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                      | BOEING CO/THE SR UNSECURED 05/27 6.259                 | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    600000 | PA      | $617536.16    | 0.07%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                            | BPCE SA 144A 10/27 VAR                                 | CUSIP: 05571AAQ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   2400000 | PA      | $2457506.59   | 0.26%             | 2027-10-19      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA INC COMPANY GUAR 03/28 5                           | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $609092.24    | 0.07%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE 2025-1 LLC                             | POST ROAD EQUIPMENT FINANCE PREF 2025 1A A2 144A       | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5031019.00   | 0.54%             | 2031-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                   | ABN AMRO BANK NV 144A 12/28 VAR                        | CUSIP: 00084DBE9<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   6200000 | PA      | $6199115.82   | 0.67%             | 2028-12-03      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                 | CANADIAN NATL RESOURCES SR UNSECURED 144A 12/29 5      | CUSIP: 136385BB6<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $706649.03    | 0.08%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE-ACES 2017-M4                                            | FANNIEMAE ACES FNA 2017 M4 A2                          | CUSIP: 3136AVY52<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    962674 | PA      | $939022.50    | 0.10%             | 2026-12-25      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| LCM 30 LTD                                                         | LCM LTD PARTNERSHIP LCM 30A AR 144A                    | CUSIP: 50200YAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    590877 | PA      | $592299.43    | 0.06%             | 2031-04-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5511                                            | FREDDIE MAC FHR 5511 FG                                | CUSIP: 3137HKKP8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2309883 | PA      | $2311636.37   | 0.25%             | 2055-03-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY MORTGAGE LOAN TRUST 2021-NQM4                           | ONSLOW BAY FINANCIAL LLC OBX 2021 NQM4 A1 144A         | CUSIP: 67115DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199198 | PA      | $169259.24    | 0.02%             | 2061-10-25      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2019-FL12   | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2019 FL12 A 144A  | CUSIP: 46651QAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    551299 | PA      | $549036.86    | 0.06%             | 2031-12-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AB6113 FN 08/42 FIXED 4                      | CUSIP: 31417CYK5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     49522 | PA      | $48953.32     | 0.01%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2007-A1                                   | JP MORGAN MORTGAGE TRUST JPMMT 2007 A1 3A2             | CUSIP: 46630GAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137358 | PA      | $130878.88    | 0.01%             | 2035-07-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD AUD BOUGHT USD 20250702                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $-421.02      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MF1 2020-FL4 LTD                                                   | MF1 MULTIFAMILY HOUSING MORTGA MF1 2020 FL4 A 144A     | CUSIP: 58003UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    293873 | PA      | $294419.99    | 0.03%             | 2035-12-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| KKR CLO LTD 18                                                     | KKR FINANCIAL CLO LTD KKR 18 AR 144A                   | CUSIP: 48251JAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     84177 | PA      | $84281.63     | 0.01%             | 2030-07-18      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| M&T BANK AUTO RECEIVABLES TRUST 2025-1A                            | M+T BANK AUTO RECEIVABLES TRUS MTBAT 2025 1A A3 144A   | CUSIP: 55287XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3036857.10   | 0.33%             | 2030-06-17      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| SOUNDVIEW HOME EQUITY LOAN TR 2005-OPT1                            | SOUNDVIEW HOME EQUITY LOAN TRU SVHE 2005 OPT1 M2       | CUSIP: 83611MDH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     46026 | PA      | $45695.04     | 0.00%             | 2035-06-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| THORNBURG MORTGAGE SEC TRUST 2005-1                                | THORNBURG MORTGAGE SECURITIES TMST 2005 1 A3           | CUSIP: 885220HB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26225 | PA      | $25699.22     | 0.00%             | 2045-04-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO LTD 2021-6A                                | BAIN CAPITAL CREDIT CLO, LIMIT BCC 2021 6A A1R 144A    | CUSIP: 05684PAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3300000 | PA      | $3303630.00   | 0.36%             | 2034-10-21      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                                          | JABIL INC                                              | CUSIP: 46652LUE5<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3293481.84   | 0.35%             | 2025-07-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 918929 FN 04/37 FIXED 5.5                    | CUSIP: 31411Y4N0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     94211 | PA      | $95228.79     | 0.01%             | 2037-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL MA1084 G2 06/43 FIXED 4                   | CUSIP: 36179NFZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     46940 | PA      | $43959.71     | 0.00%             | 2043-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TSY INFL IX N/B 04/29 2.125                            | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2789611 | PA      | $2865327.60   | 0.31%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | US 10YR NOTE (CBT)SEP25 XCBT 20250919                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -84 | NC      | $-133992.60   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| OOREDOO INTERNATIONAL FINANCE LTD (QTEL INTERNATIONAL FINANCE LTD) | OOREDOO INTL FINANCE COMPANY GUAR REGS 10/25 5         | CUSIP: 982FWEII6<br>LEI: 549300BHXCDJ03WU7N77 | Long             | DBT              | CORP              | BM        |   2339000 | PA      | $2342497.97   | 0.25%             | 2025-10-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 891367 FN 04/36 FIXED 4.75                   | CUSIP: 31410MJL5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    149684 | PA      | $150801.05    | 0.02%             | 2036-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-89                   | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 89 PF          | CUSIP: 38385GMK2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1296660 | PA      | $1296151.24   | 0.14%             | 2055-05-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE-ACES 2017-M7                                            | FANNIEMAE ACES FNA 2017 M7 A2                          | CUSIP: 3136AV7G8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1928584 | PA      | $1892088.29   | 0.20%             | 2027-02-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AL6513 FN 07/44 FIXED VAR                    | CUSIP: 3138EPGX6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     19461 | PA      | $19643.47     | 0.00%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5493                                            | FREDDIE MAC FHR 5493 FK                                | CUSIP: 3137HHWV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2567058 | PA      | $2561133.90   | 0.28%             | 2055-01-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| PRKCM 2024-AFC1 TRUST                                              | PRKCM TRUST PRKCM 2024 AFC1 A1 144A                    | CUSIP: 69380WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259354 | PA      | $261667.15    | 0.03%             | 2059-03-25      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| NYO COMMERCIAL MORTGAGE TRUST 2021-1290                            | NYO COMMERCIAL MORTGAGE TRUST NYO 2021 1290 A 144A     | CUSIP: 62955HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $5992085.40   | 0.64%             | 2038-11-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA POOL 672173 GN 09/37 FIXED 5.35                   | CUSIP: 36295JXA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     24643 | PA      | $25468.63     | 0.00%             | 2037-09-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | 317U8CLA3 PIMCO SWAPTION 3.6 CALL USD 20250812         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | 211500000 | NC      | $136290.60    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA POOL 671883 GN 06/37 FIXED 5.35                   | CUSIP: 36295JM86<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     54065 | PA      | $55512.83     | 0.01%             | 2037-06-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                              | ATHENE GLOBAL FUNDING ATHENE GLOBAL FUNDING            | CUSIP: 04685A3T6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2034170.28   | 0.22%             | 2027-03-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| BCP TRUST 2021-330N                                                | BCP TRUST BCP 2021 330N A 144A                         | CUSIP: 05553BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5600000 | PA      | $5052471.20   | 0.54%             | 2038-06-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC 5557                                                   | FREDDIE MAC FHR 5557 FM                                | CUSIP: 3137HLZ21<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2100000 | PA      | $2100658.98   | 0.23%             | 2055-07-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | 31750QMA4 PIMCO CDSOPT PUT USD 1.0 20250716            | CUSIP: OP0043WJ3<br>LEI: N/A                  | N/A              | DCR              |  | US        |  -3650000 | NC      | $-227.18      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2023-P2                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 P2 A4 144A   | CUSIP: 14686TAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2531933.25   | 0.27%             | 2029-03-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2020-PTB                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2020 PTB A2B 144A   | CUSIP: 78449DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1071731 | PA      | $1064692.31   | 0.11%             | 2054-09-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| ASCENT EDUCATION FUNDING TRUST 2024-A                              | ASCENT EDUCATION FUNDING TRUST ASCNT 2024 A A 144A     | CUSIP: 04362VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1832033 | PA      | $1871794.47   | 0.20%             | 2050-10-25      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 257393 FN 09/48 FIXED 6.5                    | CUSIP: 31371N3A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1995 | PA      | $2042.10      | 0.00%             | 2048-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H09098 FG 10/37 FIXED 6.5            | CUSIP: 3128UNDB5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     45927 | PA      | $46983.10     | 0.01%             | 2037-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL P50485 FG 05/35 FIXED 5.5            | CUSIP: 31288LRE3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      4678 | PA      | $4672.12      | 0.00%             | 2035-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RAAC SERIES 2006-RP4                                               | RAAC SERIES RAAC 2006 RP4 M1 144A                      | CUSIP: 74919TAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    208318 | PA      | $208301.98    | 0.02%             | 2046-01-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| HERA COMMERCIAL MORTGAGE 2021-FL1                                  | HERA COMMERCIAL MORTGAGE LTD HERA 2021 FL1 A 144A      | CUSIP: 42704RAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    509611 | PA      | $509890.80    | 0.05%             | 2038-02-18      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-79                   | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 79 NA          | CUSIP: 38385GWL9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6879326 | PA      | $6616390.58   | 0.71%             | 2049-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVST LN TR 2004-8                                | STRUCTURED ASSET INVESTMENT LO SAIL 2004 8 A1          | CUSIP: 86358ELK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1424121 | PA      | $1382673.86   | 0.15%             | 2034-09-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL MA1715 FN 12/43 FIXED 4                      | CUSIP: 31418A3Z9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1235 | PA      | $1183.57      | 0.00%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 499703 FN 05/29 FIXED 6                      | CUSIP: 31383DDG5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       540 | PA      | $538.93       | 0.00%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 995092 FN 12/37 FIXED VAR                    | CUSIP: 31416BNH7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     53159 | PA      | $54571.08     | 0.01%             | 2037-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N31137 FG 09/34 FIXED 5.5            | CUSIP: 31281BHN3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5597 | PA      | $5766.40      | 0.00%             | 2034-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLFLEET CLO 2021-1 LTD                                           | WELF 2021 1A A1R TSFR3M 04/34 5.49348                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4500000.00   | 0.48%             | 2034-04-20      | Floating      | 5.49%                 | No            |                  3 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 888970 FN 06/37 FIXED VAR                    | CUSIP: 31410GT37<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5917 | PA      | $5977.93      | 0.00%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| READY CAPITAL MORTGAGE FINANCING 2023-FL11 LLC                     | READYCAP COMMERCIAL MORTGAGE T RCMT 2023 FL11 A 144A   | CUSIP: 75575RAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    659474 | PA      | $659481.30    | 0.07%             | 2039-10-25      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | RFR USD SOFR/3.25000 06/18/25-5Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $221297.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 257044 FN 01/38 FIXED 6                      | CUSIP: 31371NP58<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1569 | PA      | $1617.85      | 0.00%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2021-ESH                               | EXTENDED STAY AMERICA TRUST ESA 2021 ESH A 144A        | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4803275 | PA      | $4807506.07   | 0.52%             | 2038-07-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE CORPORATION                                | NISSAN MOTOR ACCEPTANCE SR UNSECURED REGS 09/26 1.85   | CUSIP: U6547TAC4<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   2745000 | PA      | $2619825.58   | 0.28%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| SAXON ASSET SECURITIES TRUST 2005-1                                | SAXON ASSET SECURITIES TRUST SAST 2005 1 M2            | CUSIP: 805564RN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     92619 | PA      | $89618.32     | 0.01%             | 2035-05-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-P3                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 P3 A3        | CUSIP: 146919AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5300000 | PA      | $5296750.57   | 0.57%             | 2029-10-10      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                             | CVS CORPORATION 07/25 ZCP                              | CUSIP: 12665JUE7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   8200000 | PA      | $8184333.90   | 0.88%             | 2025-07-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                      | BOEING CO SR UNSECURED 02/26 2.196                     | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2362880.45   | 0.25%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                  | HSBC HOLDINGS PLC SR UNSECURED 09/26 VAR               | CUSIP: 404280BW8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4850000 | PA      | $4863508.75   | 0.52%             | 2026-09-12      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 005201 G2 10/41 FIXED 4                   | CUSIP: 36202FX68<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     25357 | PA      | $23748.11     | 0.00%             | 2041-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-E                            | SMB PRIVATE EDUCATION LOAN TRU SMB 2024 E A1A 144A     | CUSIP: 78450XAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1069509 | PA      | $1081324.06   | 0.12%             | 2056-10-16      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| ICG US CLO LTD 2015-2RA                                            | ICG US CLO LTD ICG 2015 2RA A1R 144A                   | CUSIP: 44933WAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2949895 | PA      | $2949506.55   | 0.32%             | 2033-01-16      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL GLOBAL FUNDING                               | BRIGHTHSE FIN GLBL FUND SECURED 144A 05/26 1.55        | CUSIP: 10921U2C1<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   2445000 | PA      | $2378887.74   | 0.26%             | 2026-05-24      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                              | UBER TECHNOLOGIES INC COMPANY GUAR 144A 01/28 6.25     | CUSIP: 90353TAG5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8545891.50   | 0.92%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JAMESTOWN CLO XVI LTD 2021-16A                                     | JAMESTOWN CLO LTD JTWN 2021 16A AR 144A                | CUSIP: 47048RAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498563.73    | 0.05%             | 2034-07-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                                    | AVOLON HOLDINGS FNDG LTD SR UNSECURED 144A 01/26 5.5   | CUSIP: 05401AAK7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   8654000 | PA      | $8668136.57   | 0.93%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 256973 FN 11/37 FIXED 6.5                    | CUSIP: 31371NMW2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      6202 | PA      | $6470.10      | 0.00%             | 2037-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GSAA HOME EQUITY TRUST 2007-7                                      | GSAA HOME EQUITY TRUST GSAA 2007 7 A4                  | CUSIP: 36249BAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58981 | PA      | $56846.38     | 0.01%             | 2037-07-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| TRILLIUM CREDIT CARD TRUST II 2023-3A                              | TRILLIUM CREDIT CARD TRUST II TCCT 2023 3A A 144A      | CUSIP: 89621ABT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |  10000000 | PA      | $10007506.00  | 1.08%             | 2028-08-26      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2025-35                                                 | FANNIE MAE FNR 2025 35 FB                              | CUSIP: 3136BVF78<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1351730 | PA      | $1350948.81   | 0.15%             | 2055-05-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-5                                  | VERUS SECURITIZATION TRUST VERUS 2023 5 A1 144A        | CUSIP: 924934AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1590254 | PA      | $1600741.11   | 0.17%             | 2068-06-25      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| ASSET BACKED SEC HOME EQTY LN 2004-HE3                             | ASSET BACKED SECURITIES CORP H ABSHE 2004 HE3 M1       | CUSIP: 04541GJT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     55864 | PA      | $56873.63     | 0.01%             | 2034-06-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ASSETBACKED SEC 2001-3                                | BEAR STEARNS ASSET BACKED SECU BSABS 2001 3 A2         | CUSIP: 07384YBM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3937 | PA      | $3930.01      | 0.00%             | 2032-10-27      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| NAVIENT STUDENT LOAN TRUST 2015-BA                                 | NAVIENT STUDENT LOAN TRUST NAVSL 2015 BA A3 144A       | CUSIP: 63939KAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    944398 | PA      | $949148.69    | 0.10%             | 2040-07-16      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL E04367 FG 04/28 FIXED 2              | CUSIP: 31294NZ85<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       337 | PA      | $326.90       | 0.00%             | 2028-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5546                                            | FREDDIE MAC FHR 5546 FB                                | CUSIP: 3137HLME9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5794905 | PA      | $5815606.84   | 0.63%             | 2055-06-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| IMPAC CMB TR 2004-10                                               | IMPAC CMB TRUST IMM 2004 10 1A1                        | CUSIP: 45254NLJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     59845 | PA      | $57774.98     | 0.01%             | 2035-03-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                            | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 03/26 VAR   | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    575000 | PA      | $575134.25    | 0.06%             | 2026-03-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 256809 FN 07/37 FIXED 6                      | CUSIP: 31371NGS8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      8135 | PA      | $8376.73      | 0.00%             | 2037-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                 | SOUTHERN CAL EDISON SOUTHERN CAL EDISON                | CUSIP: 842400JA2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301817.18    | 0.03%             | 2027-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HOME EQUITY ASSET TRUST 2004-5                                     | HOME EQUITY ASSET TRUST HEAT 2004 5 M3                 | CUSIP: 437084DY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    373201 | PA      | $372201.50    | 0.04%             | 2034-11-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST 2008-2                                      | SLM STUDENT LOAN TRUST SLMA 2008 2 A3                  | CUSIP: 784442AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17351 | PA      | $17340.26     | 0.00%             | 2049-04-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| FIRST FRANKLIN MTG LOAN 2006-FF5                                   | FIRST FRANKLIN MTG LOAN ASSET FFML 2006 FF5 2A3        | CUSIP: 32027EAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833528 | PA      | $816396.45    | 0.09%             | 2036-04-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE (US) INC                                                  | ENBRIDGE (US) INC                                      | CUSIP: 29251UUM8<br>LEI: 5493003FRODSVHJWFS32 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3590290.08   | 0.39%             | 2025-07-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 255538 FN 11/34 FIXED 5.5                    | CUSIP: 31371LZB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     11147 | PA      | $11150.02     | 0.00%             | 2034-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT CHF SOLD USD 20250702                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $540.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 879922 FN 11/35 FIXED 5                      | CUSIP: 31409VSK0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     33248 | PA      | $33363.38     | 0.00%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY MORTGAGE TRUST-2005-6AR                             | MORGAN STANLEY MORTGAGE LOAN T MSM 2005 6AR 1M6        | CUSIP: 61748HNB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    755000 | PA      | $758474.81    | 0.08%             | 2035-11-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL J22451 FG 02/28 FIXED 2              | CUSIP: 31307AWL2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1378 | PA      | $1340.36      | 0.00%             | 2028-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LN TR 2003-2                               | RENAISSANCE HOME EQUITY LOAN T RAMC 2003 2 A           | CUSIP: 759950AW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    607892 | PA      | $553995.22    | 0.06%             | 2033-08-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA POOL 662867 GN 12/36 FIXED 5.35                   | CUSIP: 36294XMQ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     21923 | PA      | $21968.05     | 0.00%             | 2036-12-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 895567 FN 04/36 FIXED 5.45                   | CUSIP: 31410R6C8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     74883 | PA      | $75162.72     | 0.01%             | 2036-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                               | FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE                | CUSIP: 01F060683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  45400000 | PA      | $46094734.41  | 4.96%             | 2054-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 695530 FN 04/33 FIXED 6                      | CUSIP: 31400RVX6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     16247 | PA      | $16210.17     | 0.00%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5549                                            | FREDDIE MAC FHR 5549 CF                                | CUSIP: 3137HLSA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4347369 | PA      | $4263215.85   | 0.46%             | 2052-10-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 944530 FN 07/47 FIXED 6                      | CUSIP: 31413FY30<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     73916 | PA      | $74627.96     | 0.01%             | 2047-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5480                                            | FREDDIE MAC FHR 5480 FG                                | CUSIP: 3137HHUD1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2742603 | PA      | $2738978.89   | 0.29%             | 2054-12-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                             | CVS CORPORATION                                        | CUSIP: 12665JUF4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1995898.00   | 0.21%             | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                 | SOUTHERN CAL EDISON SOUTHERN CAL EDISON                | CUSIP: 842400JF1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998687.58    | 0.11%             | 2026-09-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5508                                            | FREDDIE MAC FHR 5508 DF                                | CUSIP: 3137HJG84<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3179271 | PA      | $3187707.93   | 0.34%             | 2055-02-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-HA                  | NAVIENT STUDENT LOAN TRUST NAVSL 2020 HA A 144A        | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    362261 | PA      | $340621.10    | 0.04%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| CHASE FUNDING MTGE LN ASSET-BKD 2003-5                             | CHASE FUNDING MORTGAGE LOAN AS CFAB 2003 5 2A2         | CUSIP: 161546GR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142585 | PA      | $143327.51    | 0.02%             | 2033-07-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                              | WELLS FARGO + COMPANY SR UNSECURED 08/26 VAR           | CUSIP: 95000U3C5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4299185.97   | 0.46%             | 2026-08-15      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | US 5YR NOTE (CBT) SEP25 XCBT 20250930                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      4912 | NC      | $5446146.46   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SLM STUDENT LOAN TRUST 2008-5                                      | SLM STUDENT LOAN TRUST SLMA 2008 5 A4                  | CUSIP: 78444YAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     56458 | PA      | $56688.20     | 0.01%             | 2026-01-27      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AW0293 FN 02/44 FIXED 4                      | CUSIP: 3138XPKF9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     15383 | PA      | $14740.40     | 0.00%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AC4532 FN 01/34 FIXED 5                      | CUSIP: 31417QBA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    405028 | PA      | $407307.97    | 0.04%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO LTD                                                | NISSAN MOTOR CO SR UNSECURED REGS 09/25 3.522          | CUSIP: J57160DX8<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    750000 | PA      | $745829.51    | 0.08%             | 2025-09-17      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                              | AIR LEASE CORP DISC COML PAPER 07/25 ZCP               | CUSIP: 00913WUF0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1497025.20   | 0.16%             | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GSAMP TRUST 2006-HE4                                               | GSAMP TRUST GSAMP 2006 HE4 A2D                         | CUSIP: 362439AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    416342 | PA      | $404632.16    | 0.04%             | 2036-06-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-GR2                       | GS MORTGAGE BACKED SECURITIES GSMBS 2021 GR2 A9 144A   | CUSIP: 36262JAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3693753 | PA      | $3429172.32   | 0.37%             | 2052-02-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | US ULTRA BOND CBT SEP25 XCBT 20250919                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -385 | NC      | $-1309934.77  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 799902 G2 03/42 FIXED 3.74                | CUSIP: 36177VAC6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     38825 | PA      | $35772.11     | 0.00%             | 2042-03-20      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2020-17                   | GOVERNMENT NATIONAL MORTGAGE A GNR 2020 17 EU          | CUSIP: 38382CP47<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    100160 | PA      | $89282.12     | 0.01%             | 2049-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | US 2YR NOTE (CBT) SEP25 XCBT 20250930                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       381 | NC      | $313531.76    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR2                                         | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR2 2A1A      | CUSIP: 92922FD21<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4766 | PA      | $4743.87      | 0.00%             | 2045-01-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL MA0101 FN 05/39 FIXED 5                      | CUSIP: 31417YDF1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3587 | PA      | $3524.85      | 0.00%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2021-6              | MORGAN STANLEY RESIDENTIAL MOR MSRM 2021 6 A6 144A     | CUSIP: 61772QAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    741101 | PA      | $688247.07    | 0.07%             | 2051-09-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2023-C OWNER TRUST                         | TOYOTA AUTO RECEIVABLES OWNER TAOT 2023 C A3           | CUSIP: 89231FAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2922169 | PA      | $2938334.36   | 0.32%             | 2028-04-17      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 910758 FN 01/37 FIXED 5.5                    | CUSIP: 31411KZX4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     14075 | PA      | $14150.37     | 0.00%             | 2037-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL MA2313 FN 06/45 FIXED 4                      | CUSIP: 31418BSB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     17845 | PA      | $16944.78     | 0.00%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AE0287 FN 02/38 FIXED VAR                    | CUSIP: 31419AJ99<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    444775 | PA      | $448481.89    | 0.05%             | 2038-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AD0893 FN 01/39 FIXED VAR                    | CUSIP: 31418M7F3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    189546 | PA      | $193640.54    | 0.02%             | 2039-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOFI PROFESSIONAL LOAN PROGRAM LLC 2020-C                          | SOCIAL PROFESSIONAL LOAN PROGR SOFI 2020 C AFX 144A    | CUSIP: 83390UAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    379645 | PA      | $355589.31    | 0.04%             | 2046-02-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                                    | AVOLON HOLDINGS FNDG LTD SR UNSECURED 144A 02/26 2.125 | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    421000 | PA      | $413290.04    | 0.04%             | 2026-02-21      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| AES CORPORATION                                                    | AES CORP/THE SR UNSECURED 01/26 1.375                  | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    600000 | PA      | $588659.24    | 0.06%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2024-H01                  | GOVERNMENT NATIONAL MORTGAGE A GNR 2024 H01 FB         | CUSIP: 38383KNN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2507972 | PA      | $2517899.11   | 0.27%             | 2074-01-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N31476 FG 12/37 FIXED 5              | CUSIP: 31281BT91<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     12288 | PA      | $12494.80     | 0.00%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                 | SOUTHERN CAL EDISON 1ST MORTGAGE 06/26 4.9             | CUSIP: 842400HW6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600653.20    | 0.06%             | 2026-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 688058 G2 08/38 FIXED 4.5                 | CUSIP: 36296DMF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     70820 | PA      | $70631.20     | 0.01%             | 2038-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET MTG INV INC 2004-AR3                              | STRUCTURED ASSET MORTGAGE INVE SAMI 2004 AR3 1A2       | CUSIP: 86359LBY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1890 | PA      | $1768.36      | 0.00%             | 2034-07-19      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD CHF BOUGHT USD 20250702                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CH        |         1 | NC      | $-2220.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | CDX IG44 5Y ICE                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              |  | US        |         1 | NC      | $-2644981.28  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL AV9440 G2 11/46 FIXED 3                   | CUSIP: 36195LPZ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     73504 | PA      | $64818.59     | 0.01%             | 2046-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                                         | AVIATION CAPITAL GROUP SR UNSECURED 144A 10/25 4.875   | CUSIP: 05367AAH6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999561.83    | 0.11%             | 2025-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD CAD BOUGHT USD 20250702                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-907.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CASSA DEPOSITI E PRESTITI SOCIETA PER AZIONI                       | CASSA DEPOSITI E PRESTIT SR UNSECURED 144A 04/29 5.875 | CUSIP: 147918AC0<br>LEI: 81560029E2CE4D14F425 | Long             | DBT              | MUN               | IT        |   2800000 | PA      | $2930996.12   | 0.32%             | 2029-04-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MLCC MORTGAGE INVESTORS INC 2004-A                                 | MLCC MORTGAGE INVESTORS INC MLCC 2004 A A1             | CUSIP: 59020UAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     72275 | PA      | $66891.06     | 0.01%             | 2029-04-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004918 G2 01/41 FIXED 4                   | CUSIP: 36202FPB6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     74343 | PA      | $69625.44     | 0.01%             | 2041-01-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | 31750QMB2 PIMCO CDSOPT PUT USD 0.9 20250716            | CUSIP: OP0043WK0<br>LEI: N/A                  | N/A              | DCR              |  | US        |  -3650000 | NC      | $-247.51      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                            | BAYER US FINANCE II LLC COMPANY GUAR 144A 12/25 4.25   | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5185995.57   | 0.56%             | 2025-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON AUTO TRUST 2024-1A                                      | HUNTINGTON AUTO TRUST HUNT 2024 1A A3 144A             | CUSIP: 446144AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3027628.80   | 0.33%             | 2029-01-16      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                       | ING GROEP NV SR UNSECURED 144A 07/26 VAR               | CUSIP: 456837AU7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   7000000 | PA      | $7000000.00   | 0.75%             | 2026-07-01      | Floating      | 1.40%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004239 G2 09/38 FIXED 6                   | CUSIP: 36202EV89<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     25514 | PA      | $25957.04     | 0.00%             | 2038-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BXMT 2020-FL3 LTD                                                  | BXMT LTD BXMT 2020 FL3 A 144A                          | CUSIP: 05608XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   1340920 | PA      | $1339536.13   | 0.14%             | 2037-11-15      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2025-35                                                 | FANNIE MAE FNR 2025 35 FM                              | CUSIP: 3136BVJ66<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    892254 | PA      | $897583.46    | 0.10%             | 2055-05-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL MA0082 G2 05/42 FIXED 3.5                 | CUSIP: 36179MCT5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     51962 | PA      | $46949.25     | 0.01%             | 2042-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 982008 FN 05/38 FIXED 5.5                    | CUSIP: 31415BNZ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7081 | PA      | $7093.98      | 0.00%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                         | ABBVIE INC                                             | CUSIP: 00287BUA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1098598.93   | 0.12%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AREIT TRUST 2022-CRE7                                              | AREIT CRE TRUST AREIT 2022 CRE7 A 144A                 | CUSIP: 00217VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5942470 | PA      | $5946680.99   | 0.64%             | 2039-06-17      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 833303 FN 05/35 FIXED 5.15                   | CUSIP: 31407KX87<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     32818 | PA      | $32823.67     | 0.00%             | 2035-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA POOL 799863 GN 04/42 FIXED 3.75                   | CUSIP: 36177U5Z3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     82348 | PA      | $77820.64     | 0.01%             | 2042-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JONES LANG LASALLE FINANCE BV                                      | JONES LANG LASALLE FIN BV 4/A2 07/25 ZCP               | CUSIP: 48002AU10<br>LEI: 7245008JNMAJF7J71W93 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $599923.86    | 0.06%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC 2023-1                              | ENTERPRISE FLEET FINANCING LLC EFF 2023 1 A2 144A      | CUSIP: 29375CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2158032 | PA      | $2165046.72   | 0.23%             | 2029-01-22      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5560                                            | FREDDIE MAC FHR 5560 FB                                | CUSIP: 3137HLZD7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2002500.00   | 0.22%             | 2055-06-25      | Floating      | 5.31%                 | No            |                  3 | On Loan: No      |
| FREDDIE MAC REMICS 5508                                            | FREDDIE MAC FHR 5508 FC                                | CUSIP: 3137HJGF8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3177670 | PA      | $3181905.22   | 0.34%             | 2055-02-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H00259 FG 04/35 FIXED 5.5            | CUSIP: 3128MSJC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1725 | PA      | $1729.79      | 0.00%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                              | ATHENE GLOBAL FUNDING SECURED 144A 03/27 VAR           | CUSIP: 04685A3U3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3482000 | PA      | $3509325.69   | 0.38%             | 2027-03-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 888796 FN 09/37 FIXED VAR                    | CUSIP: 31410GNM1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     52709 | PA      | $53877.56     | 0.01%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 2024-4A                                     | CHASE AUTO OWNER TRUST CHAOT 2024 4A A3 144A           | CUSIP: 16144YAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8400000 | PA      | $8479057.44   | 0.91%             | 2029-07-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2021-INV1                      | GS MORTGAGE BACKED SECURITIES GSMBS 2021 INV1 A9 144A  | CUSIP: 36263KAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2283348 | PA      | $2120486.27   | 0.23%             | 2051-12-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 939484 FN 06/37 FIXED 5                      | CUSIP: 31413AFZ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7947 | PA      | $7739.78      | 0.00%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2023-4                                     | CARMAX AUTO OWNER TRUST CARMX 2023 4 A2A               | CUSIP: 14318XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550463 | PA      | $551024.67    | 0.06%             | 2026-12-15      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004182 G2 07/38 FIXED 5.5                 | CUSIP: 36202EUF4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     15425 | PA      | $15322.75     | 0.00%             | 2038-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-104                                         | FANNIE MAE FNR 2024 104 FA                             | CUSIP: 3136BUEQ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3936840 | PA      | $3928712.08   | 0.42%             | 2055-01-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-12                                          | FANNIE MAE FNR 2025 12 FG                              | CUSIP: 3136BVFH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    380458 | PA      | $380835.31    | 0.04%             | 2055-03-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE (US) INC                                                  | ENBRIDGE (US) INC                                      | CUSIP: 29251UUB2<br>LEI: 5493003FRODSVHJWFS32 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6490885.70   | 0.70%             | 2025-07-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR FINANCIAL HOLDINGS LLC                                         | KKR FINANCIAL HOLDINGS SR UNSECURED 144A 05/33 5.4     | CUSIP: 48248AAG3<br>LEI: 549300U5WMP5TYFNKW68 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5298778.38   | 0.57%             | 2033-05-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2024-PJ7                       | GS MORTGAGE BACKED SECURITIES GSMBS 2024 PJ7 A25 144A  | CUSIP: 362949BR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1666760 | PA      | $1674430.24   | 0.18%             | 2054-11-25      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-RPL1                      | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2018 RPL1 A1 144A   | CUSIP: 64829VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    795248 | PA      | $771278.04    | 0.08%             | 2057-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| TOWD POINT ASSET TRUST 2021-SL1                                    | TOWD POINT ASSET TRUST TPAT 2021 SL1 A2 144A           | CUSIP: 89179XAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580654 | PA      | $578528.96    | 0.06%             | 2061-11-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2003-9                                     | GSR MORTGAGE LOAN TRUST GSR 2003 9 A2                  | CUSIP: 36228FWS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20064 | PA      | $19754.01     | 0.00%             | 2033-08-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5517                                            | FREDDIE MAC FHR 5517 VF                                | CUSIP: 3137HKP40<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3591171 | PA      | $3595118.28   | 0.39%             | 2055-03-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA AUTO TRUST 2023-1A                                 | BANK OF AMERICA AUTO TRUST BAAT 2023 1A A3 144A        | CUSIP: 06428AAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2802210 | PA      | $2821773.63   | 0.30%             | 2028-02-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                     | MORGAN STANLEY SR UNSECURED 07/26 VAR                  | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4999271.55   | 0.54%             | 2026-07-17      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2021-KEYS                      | CITIGROUP COMMERCIAL MORTGAGE CGCMT 2021 KEYS A 144A   | CUSIP: 17291GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1950000 | PA      | $1940074.89   | 0.21%             | 2036-10-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H00962 FG 07/37 FIXED 6.5            | CUSIP: 3128MTB72<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     21992 | PA      | $22243.19     | 0.00%             | 2037-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004949 G2 02/41 FIXED 4                   | CUSIP: 36202FQA7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    112263 | PA      | $105138.55    | 0.01%             | 2041-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H23                  | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H23 JF         | CUSIP: 38383KFR8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7417726 | PA      | $7493509.89   | 0.81%             | 2073-09-20      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                              | AIR LEASE CORP DISC COML PAPER                         | CUSIP: 00913WU86<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998956.80    | 0.11%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 256860 FN 08/37 FIXED 6.5                    | CUSIP: 31371NJD8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       541 | PA      | $564.67       | 0.00%             | 2037-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL INC                                          | EVERGY KANSAS CENTRAL SR UNSECURED 03/28 4.7           | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2124919.73   | 0.23%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AW1120 FN 11/34 FIXED 5                      | CUSIP: 3138XQG62<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    389104 | PA      | $381986.83    | 0.04%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | US 10YR ULTRA FUT SEP25 XCBT 20250919                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -393 | NC      | $-763918.02   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H03252 FG 10/37 FIXED 6.5            | CUSIP: 3128MVTH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     11473 | PA      | $11641.64     | 0.00%             | 2037-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ING INVESTMENT MANAGEMENT CLO LTD 2012-4A                          | VOYA CLO LTD INGIM 2012 4A A1R3 144A                   | CUSIP: 92916GBE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    811212 | PA      | $811535.97    | 0.09%             | 2030-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL MA0565 FN 09/40 FIXED 5.5                    | CUSIP: 31417YTX5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     60207 | PA      | $60981.82     | 0.01%             | 2040-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 773563 G2 07/41 FIXED 4.5                 | CUSIP: 36176RFC1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     39889 | PA      | $38769.64     | 0.00%             | 2041-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                   | BERRY GLOBAL INC SR SECURED 144A 07/26 4.875           | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1730254.46   | 0.19%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINANCIAL SERVICES INC                             | HARLEY DAVIDSON FND CP                                 | CUSIP: 41282JV40<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6469982.35   | 0.70%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2025-P1                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2025 P1 A3        | CUSIP: 14689MAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3017009.10   | 0.32%             | 2030-05-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2025-40                                                 | FANNIE MAE FNR 2025 40 FP                              | CUSIP: 3136BWGV2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2781457 | PA      | $2791610.32   | 0.30%             | 2054-10-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 870801 FN 10/36 FIXED 5.5                    | CUSIP: 31409GNS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3158 | PA      | $3137.85      | 0.00%             | 2036-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                              | ATHENE GLOBAL FUNDING SECURED REGS 03/27 VAR           | CUSIP: 04686E4A7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1108632.47   | 0.12%             | 2027-03-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 973542 FN 03/38 FIXED 5.5                    | CUSIP: 31414RBK0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      6837 | PA      | $6849.79      | 0.00%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ASSET-BACKED CERTS 2005-15                             | COUNTRYWIDE ASSET BACKED CERTI CWL 2005 15 M1          | CUSIP: 126670MH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     72060 | PA      | $71300.88     | 0.01%             | 2036-03-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 871039 FN 02/37 FIXED 5.5                    | CUSIP: 31409GV86<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      4322 | PA      | $4363.63      | 0.00%             | 2037-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-MFM1                             | BX TRUST BX 2021 MFM1 A 144A                           | CUSIP: 05608VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1447788 | PA      | $1447508.13   | 0.16%             | 2034-01-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP 2023-7A LLC                   | AVIS BUDGET RENTAL CAR FUNDING AESOP 2023 7A A 144A    | CUSIP: 05377RHL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8100000 | PA      | $8329928.22   | 0.90%             | 2028-08-21      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AO3529 FN 06/42 FIXED 4                      | CUSIP: 3138LT4P0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     49305 | PA      | $47550.29     | 0.01%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL K30023 FG 02/47 FIXED 5.5            | CUSIP: 31302PAY0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     60956 | PA      | $61375.21     | 0.01%             | 2047-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TULANE UNIVERSITY                                                  | TULANE LA UNIV TULHGR 02/36 FLOATING VAR               | CUSIP: 899062BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6110000 | PA      | $5673904.86   | 0.61%             | 2036-02-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2024-1                       | GM FINANCIAL AUTOMOBILE LEASIN GMALT 2024 1 A3         | CUSIP: 36269FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2508000.75   | 0.27%             | 2027-03-22      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 254670 FN 02/33 FIXED 5.5                    | CUSIP: 31371K2B6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       212 | PA      | $213.87       | 0.00%             | 2033-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-GA                  | NAVIENT STUDENT LOAN TRUST NAVSL 2020 GA A 144A        | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1015097 | PA      | $945821.88    | 0.10%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AB6261 FN 09/42 FIXED 4                      | CUSIP: 31417C5X9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     37111 | PA      | $35697.75     | 0.00%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | RFR USD SOFR/3.62000 09/02/25-4Y* LCH                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $-4015177.83  | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| AIR LEASE CORPORATION                                              | AIR LEASE CORP DISC COML PAPER 07/25 ZCP               | CUSIP: 00913WUH6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   6700000 | PA      | $6684892.17   | 0.72%             | 2025-07-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MTGES TRU 2004-13                            | MASTR ADJUSTABLE RATE MORTGAGE MARM 2004 13 2A2        | CUSIP: 576433WE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11387 | PA      | $11364.63     | 0.00%             | 2034-04-21      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| SARANAC CLO LTD 2018-6A                                            | SARANAC CLO LTD SRANC 2018 6A A1R 144A                 | CUSIP: 80317LAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1676834 | PA      | $1674917.85   | 0.18%             | 2031-08-13      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA POOL AA0060 GN 04/42 FIXED 3.7                    | CUSIP: 36177WB58<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     95423 | PA      | $90023.23     | 0.01%             | 2042-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004670 G2 04/40 FIXED 4                   | CUSIP: 36202FFK7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    236006 | PA      | $218703.55    | 0.02%             | 2040-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                      | BOEING CO SR UNSECURED 02/26 2.75                      | CUSIP: 097023DA0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296627.07    | 0.03%             | 2026-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 944066 FN 07/37 FIXED 6.5                    | CUSIP: 31413FJK9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       627 | PA      | $633.63       | 0.00%             | 2037-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 723581 G2 04/35 FIXED 5.5                 | CUSIP: 3620A92N0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     70454 | PA      | $72178.30     | 0.01%             | 2035-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL L00007 FG 03/35 FIXED 5.5            | CUSIP: 3128DFAG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     11317 | PA      | $11676.61     | 0.00%             | 2035-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N31465 FG 11/37 FIXED 5              | CUSIP: 31281BTW0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       242 | PA      | $246.79       | 0.00%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA POOL 672295 GN 01/38 FIXED 5.35                   | CUSIP: 36295J3C8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     62389 | PA      | $64407.44     | 0.01%             | 2038-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                | NOMURA HOLDINGS INC SR UNSECURED 07/25 1.851           | CUSIP: 65535HAR0<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   2350000 | PA      | $2347150.16   | 0.25%             | 2025-07-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 787993 G2 06/55 FIXED 7                   | CUSIP: 3622ADXW3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1900000 | PA      | $1929634.21   | 0.21%             | 2055-06-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC / EMC CORP                                  | DELL INT LLC / EMC CORP SR UNSECURED 10/26 4.9         | CUSIP: 24703TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1708055.60   | 0.18%             | 2026-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ONE 2021-PARK MORTGAGE TRUST                                       | ONE PARK MORTGAGE TRUST ONP 2021 PARK A 144A           | CUSIP: 682413AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3914000 | PA      | $3844512.02   | 0.41%             | 2036-03-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA AUTO TRUST 2024-1A                                 | BOFA AUTO TRUST BAAT 2024 1A A3 144A                   | CUSIP: 09709AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4544694.45   | 0.49%             | 2028-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 256890 FN 09/37 FIXED 6                      | CUSIP: 31371NKB0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     43102 | PA      | $44415.36     | 0.00%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL U32423 FG 11/38 FIXED 5.4            | CUSIP: 31321XVQ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     65867 | PA      | $67452.41     | 0.01%             | 2038-11-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| 37 CAPITAL CLO I 2021-1A                                           | 37 CAPITAL CLO LTD PUTNM 2021 1A AR 144A               | CUSIP: 88430TAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3403345.16   | 0.37%             | 2034-10-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL U30400 FG 06/37 FIXED 5.55           | CUSIP: 31335YNR3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     33173 | PA      | $34239.37     | 0.00%             | 2037-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N31013 FG 10/33 FIXED 5              | CUSIP: 31281BDS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7553 | PA      | $7543.82      | 0.00%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VENTURE XXVII CLO LTD 2017-27A                                     | VENTURE CDO LTD VENTR 2017 27A AR 144A                 | CUSIP: 92331LBC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2072513 | PA      | $2068857.93   | 0.22%             | 2030-07-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                         | ABBVIE INC                                             | CUSIP: 00287BU80<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    700000 | PA      | $699287.82    | 0.08%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2017-JP7                | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2017 JP7 A3       | CUSIP: 465968AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58175 | PA      | $56834.31     | 0.01%             | 2050-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 577852 FN 06/31 FIXED 6                      | CUSIP: 31386Y5M2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     10816 | PA      | $10840.05     | 0.00%             | 2031-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL DJ9049 G2 06/55 FIXED 7                   | CUSIP: 3618KWBS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $3046790.85   | 0.33%             | 2055-06-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SECURITIZED ASSET BACKED RECEIVABLES LLC 2005-OP1                  | SECURITIZED ASSET BACKED RECEI SABR 2005 OP1 M2        | CUSIP: 81375WCT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89925 | PA      | $82229.65     | 0.01%             | 2035-01-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2024-2A                                 | LAD AUTO RECEIVABLES TRUST LADAR 2024 2A A3 144A       | CUSIP: 505920AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2721254.94   | 0.29%             | 2028-08-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 005164 G2 08/41 FIXED 5.5                 | CUSIP: 36202FWZ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    154688 | PA      | $153659.85    | 0.02%             | 2041-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA POOL 780650 GN 10/27 FIXED 6.5                    | CUSIP: 36225AWK2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       656 | PA      | $666.57       | 0.00%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL B70184 FG 05/29 FIXED 7              | CUSIP: 312988FZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      8909 | PA      | $8921.51      | 0.00%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO HOME EQUITY ABS SER 2004-1                             | WELLS FARGO HOME EQUITY TRUST WFHET 2004 1 1A          | CUSIP: 86359BMW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    733944 | PA      | $727783.13    | 0.08%             | 2034-04-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT AUD SOLD USD 20250702                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $637.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-54                                          | FANNIE MAE FNR 2025 54 FM                              | CUSIP: 3136BWNW2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1300000 | PA      | $1300407.94   | 0.14%             | 2055-07-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | REPO BANK AMERICA REPO                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               |  | US        |  22300000 | PA      | $22300000.00  | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| SANDSTONE PEAK LTD 2021-1A                                         | SANDSTONE PEAK LTD. SAND 2021 1A A1R 144A              | CUSIP: 800130AN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3001881.00   | 0.32%             | 2034-10-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTERNATIONAL NV                                      | ENEL FINANCE INTL NV ENEL FINANCE INTL NV              | CUSIP: 29278GBD9<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1018965.69   | 0.11%             | 2029-06-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 941742 FN 07/37 FIXED 5.35                   | CUSIP: 31413CWB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     73152 | PA      | $73322.92     | 0.01%             | 2037-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2005-4                                    | BEAR STEARNS ALT A TRUST BALTA 2005 4 23A2             | CUSIP: 07386HSZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16412 | PA      | $15716.01     | 0.00%             | 2035-05-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2003-2                                      | SEQUOIA MORTGAGE TRUST SEMT 2003 2 A1                  | CUSIP: 81743PAP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       361 | PA      | $357.30       | 0.00%             | 2033-06-20      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 933032 FN 10/37 FIXED 6                      | CUSIP: 31412SA96<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       456 | PA      | $453.70       | 0.00%             | 2037-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 801506 FN 09/34 FIXED 4.75                   | CUSIP: 31405WNX9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     29835 | PA      | $29736.41     | 0.00%             | 2034-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                            | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 03/27 4.95  | CUSIP: 928668CN0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2508451.35   | 0.27%             | 2027-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL MA5042 G2 10/38 FIXED 7                   | CUSIP: 36179TS71<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    345666 | PA      | $353609.14    | 0.04%             | 2038-10-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE 2025-40                                                 | FANNIE MAE FNR 2025 40 F                               | CUSIP: 3136BWGN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    494341 | PA      | $496042.61    | 0.05%             | 2055-02-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | 3 MONTH SOFR FUT  MAR26 XCME 20260616                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      2553 | NC      | $1104989.24   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5510                                            | FREDDIE MAC FHR 5510 FA                                | CUSIP: 3137HJMM6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1116241 | PA      | $1119694.43   | 0.12%             | 2055-02-25      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                        | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 09/25 VAR          | CUSIP: 694308KS5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   7200000 | PA      | $7200163.94   | 0.77%             | 2025-09-04      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004241 G2 09/38 FIXED 7                   | CUSIP: 36202EWA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     83853 | PA      | $85220.49     | 0.01%             | 2038-09-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 2023-2                             | CITIZENS AUTO RECEIVABLES TRUS CITZN 2023 2 A3 144A    | CUSIP: 17295FAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4757360 | PA      | $4793655.49   | 0.52%             | 2028-02-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| SCULPTOR CLO XXVII LTD 27A                                         | SCULPTOR CLO LTD SCUL 27A A1R 144A                     | CUSIP: 81124UAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3400868.87   | 0.37%             | 2034-07-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| STRUCTURED ASSET INVESTMENT LN TR 2004-2                           | STRUCTURED ASSET INVESTMENT LO SAIL 2004 2 A4          | CUSIP: 86358EGW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    292750 | PA      | $303720.02    | 0.03%             | 2034-03-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                              | ATHENE GLOBAL FUNDING SECURED 144A 08/26 VAR           | CUSIP: 04685A4B4<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004140.35   | 0.11%             | 2026-08-27      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL P20584 FG 11/34 FIXED 5              | CUSIP: 31283YRC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     84052 | PA      | $83552.03     | 0.01%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TESLA AUTO LEASE TRUST 2023-B                                      | TESLA AUTO LEASE TRUST TESLA 2023 B A3 144A            | CUSIP: 88167QAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2044072 | PA      | $2050714.42   | 0.22%             | 2026-09-21      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-3A                        | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2018 3A A1 144A     | CUSIP: 64830KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     78681 | PA      | $77109.14     | 0.01%             | 2058-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 734402 G2 04/41 FIXED 4.5                 | CUSIP: 3620AM3K6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     69390 | PA      | $67436.28     | 0.01%             | 2041-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 820191 FN 05/35 FIXED 5                      | CUSIP: 31406UF86<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     38317 | PA      | $37227.57     | 0.00%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW CENTURY HOME EQUITY LOAN TR 2004-3                             | NEW CENTURY HOME EQUITY LOAN T NCHET 2004 3 M1         | CUSIP: 64352VHV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    291111 | PA      | $295223.88    | 0.03%             | 2034-11-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-HY2                                 | TOWD POINT MORTGAGE TRUST TPMT 2019 HY2 A1 144A        | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    507358 | PA      | $519681.26    | 0.06%             | 2058-05-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST 2020-3                         | STARWOOD MORTGAGE RESIDENTIAL STAR 2020 3 A1 144A      | CUSIP: 85573MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    205297 | PA      | $198238.59    | 0.02%             | 2065-04-25      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004879 G2 12/40 FIXED 4                   | CUSIP: 36202FM45<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3617 | PA      | $3387.45      | 0.00%             | 2040-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | RFR USD SOFR/4.10000 02/11/25-1Y LCH                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |         1 | NC      | $185963.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004262 G2 10/38 FIXED 7                   | CUSIP: 36202EWX3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     82901 | PA      | $84817.36     | 0.01%             | 2038-10-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 627122 G2 03/34 FIXED 5.5                 | CUSIP: 36291FVP0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     64627 | PA      | $64965.22     | 0.01%             | 2034-03-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERDELITE STATIC CLO LTD 2024-1                                    | VERDELITE STATIC CLO LTD BVSTAT 2024 1A A 144A         | CUSIP: 92338VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3363678 | PA      | $3359218.84   | 0.36%             | 2032-07-20      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | 3 MONTH SOFR FUT  JUN25 XCME 20250916                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       912 | NC      | $-72189.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2003-AR5                                         | WAMU MORTGAGE PASS THROUGH CER WAMU 2003 AR5 A7        | CUSIP: 929227R65<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       885 | PA      | $890.01       | 0.00%             | 2033-06-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING 2021-4                                  | PALMER SQUARE LOAN FUNDING LTD PSTAT 2021 4A A1 144A   | CUSIP: 69702HAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     12531 | PA      | $12543.97     | 0.00%             | 2029-10-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H09022 FG 02/37 FIXED 5.5            | CUSIP: 3128UNAX0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7603 | PA      | $7721.88      | 0.00%             | 2037-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 924068 FN 05/37 FIXED 6.5                    | CUSIP: 31412FTZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     17026 | PA      | $17167.74     | 0.00%             | 2037-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT AUD SOLD USD 20250805                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | AU        |         1 | NC      | $422.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2025-98                   | GOVERNMENT NATIONAL MORTGAGE A GNR 2025 98 GF          | CUSIP: 38381NNT1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7600000 | PA      | $7604756.84   | 0.82%             | 2055-06-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H09069 FG 09/37 FIXED 6.5            | CUSIP: 3128UNCE0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     11149 | PA      | $11550.33     | 0.00%             | 2037-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST 2025-A                                | FORD CREDIT AUTO LEASE TRUST FORDL 2025 A A2B          | CUSIP: 345282AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5002987.50   | 0.54%             | 2027-08-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-103                                         | FANNIE MAE FNR 2024 103 FJ                             | CUSIP: 3136BUPN4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2152533 | PA      | $2157714.01   | 0.23%             | 2055-01-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N31368 FG 01/37 FIXED 5              | CUSIP: 31281BQV5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5367 | PA      | $5464.84      | 0.00%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP (AKA: AMERICAN TOWER REIT INC)                 | AMERICAN TOWER CORP SR UNSECURED 01/30 5               | CUSIP: 03027XCL2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1631824.38   | 0.18%             | 2030-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIRST FRANKLIN MTG LN ASSET CER 2004-FF1                           | FIRST FRANKLIN MTG LOAN ASSET FFML 2004 FF1 M1         | CUSIP: 32027NGC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53422 | PA      | $52489.85     | 0.01%             | 2034-11-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2025-3                               | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2025 3 A29 144A    | CUSIP: 17332RCX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    792725 | PA      | $795324.73    | 0.09%             | 2055-06-25      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW (6297782 LLC)                                            | SOUTH BOW USA INFRA HLDS COMPANY GUAR 144A 09/27 4.911 | CUSIP: 83007CAA0<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2114051.73   | 0.23%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-19                                          | FANNIE MAE FNR 2025 19 FC                              | CUSIP: 3136BVBY3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2383224 | PA      | $2384088.04   | 0.26%             | 2055-03-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TREASURY BILL 08/25 0.00000                            | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    283000 | PA      | $281765.11    | 0.03%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5517                                            | FREDDIE MAC FHR 5517 FE                                | CUSIP: 3137HKGJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1862761 | PA      | $1848228.97   | 0.20%             | 2055-03-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA INC DISC COML PAPER 4/A2 Y 08/25 ZCP               | CUSIP: 40412BVE0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1292013.19   | 0.14%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5544                                            | FREDDIE MAC FHR 5544 F                                 | CUSIP: 3137HLNN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3521957 | PA      | $3534529.81   | 0.38%             | 2055-06-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST 2025-B                                       | ARI FLEET LEASE TRUST ARIFL 2025 B A2 144A             | CUSIP: 00193GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1104687.98   | 0.12%             | 2034-03-15      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTERNATIONAL CORP (CCI)                              | CROWN CASTLE                                           | CUSIP: 22823PUN1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   9800000 | PA      | $9770039.44   | 1.05%             | 2025-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2023-C                            | SMB PRIVATE EDUCATION LOAN TRU SMB 2023 C A1A 144A     | CUSIP: 83207DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3512611 | PA      | $3609364.02   | 0.39%             | 2052-11-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ASSET SECURITIES 2005-EMX1                             | RESIDENTIAL ASSET SECURITIES C RASC 2005 EMX1 M2       | CUSIP: 76110WQ66<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191391 | PA      | $191589.56    | 0.02%             | 2035-03-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| PFS FINANCING CORP 2023-C                                          | PFS FINANCING CORP. PFSFC 2023 C A 144A                | CUSIP: 69335PEY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5076316.50   | 0.55%             | 2028-10-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQ2R                      | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2021 NQ2R A1 144A   | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    748757 | PA      | $714162.11    | 0.08%             | 2058-10-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5532                                            | FREDDIE MAC FHR 5532 FA                                | CUSIP: 3137HKPJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5725147 | PA      | $5714080.13   | 0.61%             | 2055-04-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| GREENWOOD PARK CLO LTD 2018-1A                                     | GREENWOOD PARK CLO, LTD GRNPK 2018 1A A2 144A          | CUSIP: 39729RAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    874671 | PA      | $875732.98    | 0.09%             | 2031-04-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ARM TRUST 2002-11                                     | BEAR STEARNS ADJUSTABLE RATE M BSARM 2002 11 1A1       | CUSIP: 07384MSH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        67 | PA      | $69.62        | 0.00%             | 2033-02-25      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| NOVASTAR HOME EQUITY LOAN 2005-4                                   | NOVASTAR HOME EQUITY LOAN NHEL 2005 4 M1               | CUSIP: 66987WDE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16871 | PA      | $16838.39     | 0.00%             | 2036-01-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP LLC                                         | AVIATION CAPITAL GROUP SR UNSECURED 144A 01/26 1.95    | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1131000 | PA      | $1113280.82   | 0.12%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TSY INFL IX N/B 10/26 0.125                            | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2347680 | PA      | $2320958.31   | 0.25%             | 2026-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON MOTORCYCLE TRUST 2024-B                            | HARLEY DAVIDSON MOTORCYCLE TRU HDMOT 2024 B A3         | CUSIP: 41284PAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4200000 | PA      | $4209364.32   | 0.45%             | 2029-07-16      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2005-AR6                                   | GSR MORTGAGE LOAN TRUST GSR 2005 AR6 1A4               | CUSIP: 362341RW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       776 | PA      | $784.89       | 0.00%             | 2035-09-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                            | FREDDIE MAC FHR 5500 QF                                | CUSIP: 3137HJBW6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    886166 | PA      | $885893.07    | 0.10%             | 2054-09-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| GCAT LLC 2019-RPL1                                                 | GCAT GCAT 2019 RPL1 A1 144A                            | CUSIP: 36167CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    223235 | PA      | $216633.02    | 0.02%             | 2068-10-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| BACARDI-MARTINI BV                                                 | BACARDI MARTINI B V                                    | CUSIP: 05634EU34<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9996015.00   | 1.08%             | 2025-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                            | VOLKSWAGEN GROUP AMERICA COMPANY GUAR 144A 09/25 VAR   | CUSIP: 928668BY7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    800000 | PA      | $800613.00    | 0.09%             | 2025-09-12      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2021-3 LTD                                 | BAIN CAPITAL CREDIT CLO, LIMIT BCC 2021 3A AR 144A     | CUSIP: 05683NAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3300000 | PA      | $3286384.04   | 0.35%             | 2034-07-24      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-1                                  | VERUS SECURITIZATION TRUST VERUS 2024 1 A1 144A        | CUSIP: 92540EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1281744 | PA      | $1285166.37   | 0.14%             | 2069-01-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE-ACES 2017-M12                                           | FANNIEMAE ACES FNA 2017 M12 A2                         | CUSIP: 3136AX7E9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    644798 | PA      | $631846.28    | 0.07%             | 2027-06-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004537 G2 06/39 FIXED 7                   | CUSIP: 36202FBE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     18513 | PA      | $18540.15     | 0.00%             | 2039-06-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2006-AR5                                         | WAMU MORTGAGE PASS THROUGH CER WAMU 2006 AR5 A12A      | CUSIP: 93362YAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19714 | PA      | $18386.14     | 0.00%             | 2046-06-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 922855 FN 11/36 FIXED 5.5                    | CUSIP: 31412EH82<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     18794 | PA      | $19344.13     | 0.00%             | 2036-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 535994 FN 06/31 FIXED VAR                    | CUSIP: 31384WNK2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       718 | PA      | $745.85       | 0.00%             | 2031-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2023-H12                  | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 H12 FA         | CUSIP: 38382Y5K5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  10626065 | PA      | $10740576.86  | 1.16%             | 2073-05-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2021-D                            | SMB PRIVATE EDUCATION LOAN TRU SMB 2021 D A1B 144A     | CUSIP: 78449MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    282313 | PA      | $279934.63    | 0.03%             | 2053-03-17      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5534                                            | FREDDIE MAC FHR 5534 FM                                | CUSIP: 3137HLEP3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5847878 | PA      | $5847539.57   | 0.63%             | 2055-05-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | 317U8CKA4 PIMCO SWAPTION 4.6 PUT USD 20250812          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        | 211500000 | NC      | $169.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                 | SOUTHERN CAL EDISON 1ST REF MORT 03/28 3.65            | CUSIP: 842400GJ6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3209516.57   | 0.35%             | 2028-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL U30321 FG 02/37 FIXED 5              | CUSIP: 31335YLA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     53988 | PA      | $54995.81     | 0.01%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N31005 FG 08/33 FIXED 5.5            | CUSIP: 31281BDJ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     50767 | PA      | $52246.08     | 0.01%             | 2033-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TIAA CLO IV LTD 2018-1A                                            | TIAA CLO LTD TIA 2018 1A A1AR 144A                     | CUSIP: 88631YAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1722948 | PA      | $1724660.10   | 0.19%             | 2032-01-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC 2021-INV3                        | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2021 INV3 A11 144A | CUSIP: 17329VDF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3379984 | PA      | $3138736.56   | 0.34%             | 2051-05-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| MFA 2023-NQM4 TRUST                                                | MFRA TRUST MFRA 2023 NQM4 A1 144A                      | CUSIP: 55286LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    692260 | PA      | $696226.94    | 0.07%             | 2068-12-25      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2021-1                                   | TOWD POINT MORTGAGE TRUST TPMT 2021 1 A1 144A          | CUSIP: 89179YAR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    562310 | PA      | $525708.02    | 0.06%             | 2061-11-25      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA POOL 679071 GN 11/37 FIXED 5.35                   | CUSIP: 36295SMU7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     36869 | PA      | $38040.51     | 0.00%             | 2037-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PFP 2022-9 LTD A                                                   | PFP III PFP 2022 9 A 144A                              | CUSIP: 69291QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   3355508 | PA      | $3361080.31   | 0.36%             | 2035-08-19      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                          | BANQUE FED CRED MUTUEL BANQUE FED CRED MUTUEL          | CUSIP: 06675DCH3<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    550000 | PA      | $553417.80    | 0.06%             | 2027-01-23      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-100                                         | FANNIE MAE FNR 2024 100 FA                             | CUSIP: 3136BUFY1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2834289 | PA      | $2830866.88   | 0.30%             | 2054-06-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                           | LLOYDS BANKING GROUP PLC SR UNSECURED 11/28 VAR        | CUSIP: 539439BB4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1711000 | PA      | $1715174.24   | 0.18%             | 2028-11-26      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC CO                                        | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 01/26 3.15         | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1981126.06   | 0.21%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO 15 LTD                                                 | ELM15 20222A A1R 144A 29003P910                        | CUSIP: 938KTRII5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4500000.00   | 0.48%             | 2035-04-22      | Floating      | 5.46%                 | No            |                  3 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL P51309 FG 07/37 FIXED 5.5            | CUSIP: 3128C6N21<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     61302 | PA      | $61714.78     | 0.01%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | SOLD CAD BOUGHT USD 20250805                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-998.45      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                       | BARCLAYS PLC SR UNSECURED 01/26 4.375                  | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $399747.88    | 0.04%             | 2026-01-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2005-AR13                                        | WAMU MORTGAGE PASS THROUGH CER WAMU 2005 AR13 A1B2     | CUSIP: 92922F4R6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     47097 | PA      | $46978.55     | 0.01%             | 2045-10-25      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL MA1137 FN 07/42 FIXED 4                      | CUSIP: 31418AHP6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     27355 | PA      | $25756.16     | 0.00%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA POOL 412608 GN 05/26 FIXED 7                      | CUSIP: 36206JKV5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       177 | PA      | $176.89       | 0.00%             | 2026-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC (AKA: CB RICHARD ELLIS SERVICES INC)             | CBRE SVCS INC 07/25 ZCP                                | CUSIP: 12610BUQ3<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   9200000 | PA      | $9170425.68   | 0.99%             | 2025-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2023-BA                  | NAVIENT STUDENT LOAN TRUST NAVSL 2023 BA A1A 144A      | CUSIP: 63942TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4479596 | PA      | $4592821.43   | 0.49%             | 2072-03-15      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H19005 FG 01/37 FIXED 5.5            | CUSIP: 3128NAAE8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    147253 | PA      | $148784.86    | 0.02%             | 2037-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JONES LANG LASALLE FINANCE BV                                      | JONES LANG LASALLE FIN BV 4/A2 07/25 ZCP               | CUSIP: 48002AU93<br>LEI: 7245008JNMAJF7J71W93 | Long             | DBT              | CORP              | NL        |   8500000 | PA      | $8490243.70   | 0.91%             | 2025-07-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 888372 FN 04/37 FIXED VAR                    | CUSIP: 31410F6H3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3739 | PA      | $3856.16      | 0.00%             | 2037-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                                       | ILLUMINA INC SR UNSECURED 12/25 5.8                    | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1707437.45   | 0.18%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 819230 FN 02/35 FIXED 5.35                   | CUSIP: 31406TEB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     29056 | PA      | $29077.86     | 0.00%             | 2035-02-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 889187 FN 07/33 FIXED VAR                    | CUSIP: 31410G2U6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     10869 | PA      | $10857.72     | 0.00%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVS 2005-A9                                | MERRILL LYNCH MORTGAGE INVESTO MLMI 2005 A9 2A1C       | CUSIP: 59020UZ57<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127116 | PA      | $125285.22    | 0.01%             | 2035-12-25      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| ATSTC 2022-1A                                                      | ATLAS STATIC SENIOR LOAN FUND ATSTC 2022 1A AR 144A    | CUSIP: 04942PAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1107370 | PA      | $1109043.45   | 0.12%             | 2030-07-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5495                                            | FREDDIE MAC FHR 5495 AF                                | CUSIP: 3137HJ2H9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3098907 | PA      | $3099553.18   | 0.33%             | 2055-01-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                             | MARVELL TECHNOLOGY INC COMPANY GUAR 07/30 4.75         | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2511815.58   | 0.27%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTERNATIONAL NV                                      | ENEL FINANCE INTL NV COMPANY GUAR 144A 10/25 7.05      | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   2500000 | PA      | $2514874.03   | 0.27%             | 2025-10-14      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                            | HCA INC DISC COML PAPER 4/A2 Y 08/25 ZCP               | CUSIP: 40412BVN0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  11800000 | PA      | $11714769.78  | 1.26%             | 2025-08-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GLOBAL FUNDING II                                     | PACIFIC LIFE GF II SR SECURED 144A 06/26 VAR           | CUSIP: 6944PL2G3<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   1496000 | PA      | $1501261.85   | 0.16%             | 2026-06-04      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| APIDOS CLO XXXV 2021-35A                                           | APIDOS CLO LTD APID 2021 35A A 144A                    | CUSIP: 03768UAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $650516.95    | 0.07%             | 2034-04-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| VENTURE 36 CLO LTD                                                 | VENTURE CDO LTD VENTR 2019 36A A1AR 144A               | CUSIP: 92332LAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    756923 | PA      | $757679.50    | 0.08%             | 2032-04-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY COMPANY                                   | CANADIAN PACIFIC RAILWAY COMPANY GUAR 06/26 3.125      | CUSIP: 13648TAB3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $689818.98    | 0.07%             | 2026-06-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-103                                         | FANNIE MAE FNR 2024 103 FC                             | CUSIP: 3136BUQH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3934903 | PA      | $3934440.13   | 0.42%             | 2055-01-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2023-REV1                             | FORD CREDIT AUTO OWNER TRUST/F FORDR 2023 1 A 144A     | CUSIP: 34535QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6100000 | PA      | $6193317.80   | 0.67%             | 2035-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTERNATIONAL CORP (CCI)                              | CROWN CASTLE INC SR UNSECURED 06/26 3.7                | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1586480.72   | 0.17%             | 2026-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N39008 FG 09/38 FIXED 5.5            | CUSIP: 31320LAH4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    408814 | PA      | $421500.15    | 0.05%             | 2038-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AG TRUST 2024-NLP                                                  | AG TRUST AG 2024 NLP A 144A                            | CUSIP: 00792MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1615563 | PA      | $1620761.23   | 0.17%             | 2041-07-15      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON COMPANY                                 | SOUTHERN CAL EDISON 1ST MORTGAGE 03/30 5.25            | CUSIP: 842400JJ3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4042891.04   | 0.43%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHEVY CHASE MTGE FUNDING CORP 2004-4A                              | CHEVY CHASE MORTGAGE FUNDING C CCMFC 2004 4A A1 144A   | CUSIP: 16678RCC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135564 | PA      | $130916.66    | 0.01%             | 2035-10-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2022-H22                  | GOVERNMENT NATIONAL MORTGAGE A GNR 2022 H22 EF         | CUSIP: 38382YA52<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    739693 | PA      | $741041.74    | 0.08%             | 2072-10-20      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 4948                                            | FREDDIE MAC FHR 4948 E                                 | CUSIP: 3137FQZF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    124238 | PA      | $113725.45    | 0.01%             | 2048-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 852504 FN 09/35 FIXED 5.35                   | CUSIP: 31408JDH1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     95815 | PA      | $95497.31     | 0.01%             | 2035-09-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                                 | TSY INFL IX N/B 07/26 0.125                            | CUSIP: 912828S50<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7761386 | PA      | $7694997.20   | 0.83%             | 2026-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| DRYDEN 60 CLO LTD                                                  | DRYDEN SENIOR LOAN FUND DRSLF 2018 60A A 144A          | CUSIP: 26251NAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4202290 | PA      | $4210855.66   | 0.45%             | 2031-07-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                | NOMURA HOLDINGS INC SR UNSECURED 01/26 5.709           | CUSIP: 65535HBG3<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   2300000 | PA      | $2312100.42   | 0.25%             | 2026-01-09      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL P51262 FG 02/37 FIXED 5.5            | CUSIP: 3128C6MK2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     52261 | PA      | $52751.72     | 0.01%             | 2037-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST 2023-A1                              | SYNCHRONY CARD ISSUANCE TRUST SYNIT 2023 A1 A          | CUSIP: 87166PAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $8094203.20   | 0.87%             | 2029-07-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| RENESAS ELECTRONICS CORPORATION                                    | RENESAS ELECTRONICS CORP SR UNSECURED 144A 11/26 2.17  | CUSIP: 75972BAB7<br>LEI: 5299000EPC47VJQOFB81 | Long             | DBT              | CORP              | JP        |    705000 | PA      | $682039.52    | 0.07%             | 2026-11-25      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-A                   | NAVIENT STUDENT LOAN TRUST NAVSL 2020 A A2A 144A       | CUSIP: 63941FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    462214 | PA      | $444633.22    | 0.05%             | 2068-11-15      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| BEAR STEARNS ALT-A TRUST 2006-8                                    | BEAR STEARNS ALT A TRUST BALTA 2006 8 3A1              | CUSIP: 07387QAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    463476 | PA      | $437151.22    | 0.05%             | 2034-02-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 004796 G2 09/40 FIXED 4.5                 | CUSIP: 36202FKH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       684 | PA      | $664.39       | 0.00%             | 2040-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2020-A                            | SMB PRIVATE EDUCATION LOAN TRU SMB 2020 A A2A 144A     | CUSIP: 78449UAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    938498 | PA      | $904356.59    | 0.10%             | 2037-09-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 754366 G2 03/42 FIXED 4                   | CUSIP: 36230NZ73<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      4776 | PA      | $4546.31      | 0.00%             | 2042-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2024-13                   | GOVERNMENT NATIONAL MORTGAGE A GNR 2024 13 FA          | CUSIP: 38384GP87<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    488963 | PA      | $491173.97    | 0.05%             | 2054-01-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| BANQUE FEDERATIVE DU CREDIT MUTUEL (BFCM)                          | BANQUE FED CRED MUTUEL BANQUE FED CRED MUTUEL          | CUSIP: F0803NAK8<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   1800000 | PA      | $1809137.48   | 0.19%             | 2028-02-16      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL AA0711 G2 07/42 FIXED 3.74                | CUSIP: 36177WYG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     30442 | PA      | $28008.05     | 0.00%             | 2042-07-20      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                               | FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE                | CUSIP: 01F040677<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  14800000 | PA      | $13763425.61  | 1.48%             | 2054-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 257213 FN 04/48 FIXED 6                      | CUSIP: 31371NVE2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     12821 | PA      | $12944.31     | 0.00%             | 2048-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ATCLO-2021-17A                                                     | ATLAS SENIOR LOAN FUND LTD ATCLO 2021 17A AR 144A      | CUSIP: 04942FAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999933.60    | 0.11%             | 2034-10-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-C                            | SMB PRIVATE EDUCATION LOAN TRU SMB 2022 C A1A 144A     | CUSIP: 78449CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2014751 | PA      | $2004362.75   | 0.22%             | 2050-05-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATL MTGE ASSOC 2009-66                                 | GOVERNMENT NATIONAL MORTGAGE A GNR 2009 66 UF          | CUSIP: 38376FRF1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      2909 | PA      | $2933.16      | 0.00%             | 2039-08-16      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                         | ABBVIE INC                                             | CUSIP: 00287BUJ6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1805825.05   | 0.19%             | 2025-07-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-3                                   | TOWD POINT MORTGAGE TRUST TPMT 2018 3 A1 144A          | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1443943 | PA      | $1417656.22   | 0.15%             | 2058-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG/NEW YORK BRANCH                                   | DEUTSCHE BANK NY 07/26 VAR                             | CUSIP: 25160PAJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   9200000 | PA      | $9203948.64   | 0.99%             | 2026-07-14      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| GCAT 2022-HX1 TRUST                                                | GCAT GCAT 2022 HX1 A1 144A                             | CUSIP: 36168XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1516013 | PA      | $1417047.49   | 0.15%             | 2066-12-27      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2023-P3                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 P3 A3 144A   | CUSIP: 14688GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2236214 | PA      | $2252032.91   | 0.24%             | 2028-08-10      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-95                                          | FANNIE MAE FNR 2024 95 KF                              | CUSIP: 3136BTS53<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1472037 | PA      | $1471633.59   | 0.16%             | 2054-12-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2020-PTA                          | SMB PRIVATE EDUCATION LOAN TRU SMB 2020 PTA A2A 144A   | CUSIP: 78449VAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    607890 | PA      | $572248.22    | 0.06%             | 2054-09-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                               | BAYER US FINANCE LLC BAYER US FINANCE LLC              | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2236581.67   | 0.24%             | 2026-11-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VOYA CLO LTD 2017-1A                                               | VOYA CLO LTD VOYA 2017 1A A1R 144A                     | CUSIP: 92916MAF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    521465 | PA      | $521801.79    | 0.06%             | 2030-04-17      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| NAVIENT STUDENT LOAN TRUST 2020-IA                                 | NAVIENT STUDENT LOAN TRUST NAVSL 2020 IA A1B 144A      | CUSIP: 63942AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1224583 | PA      | $1218999.85   | 0.13%             | 2069-04-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| KKR CLO 9 LTD                                                      | KKR FINANCIAL CLO LTD KKR 9 AR2 144A                   | CUSIP: 48250LAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    252150 | PA      | $252304.78    | 0.03%             | 2030-07-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| VOYA CLO 2017-3A                                                   | VOYA CLO LTD VOYA 2017 3A A1RR 144A                    | CUSIP: 92915QBG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3300000 | PA      | $3287677.97   | 0.35%             | 2034-04-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2024-H12                  | GOVERNMENT NATIONAL MORTGAGE A GNR 2024 H12 FC         | CUSIP: 38383KZF2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4000621 | PA      | $4013593.65   | 0.43%             | 2074-07-20      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5528                                            | FREDDIE MAC FHR 5528 FA                                | CUSIP: 3137HKR30<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5998038 | PA      | $5989967.43   | 0.64%             | 2055-04-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-6                                           | FANNIE MAE FNR 2025 6 FA                               | CUSIP: 3136BUTN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    902040 | PA      | $905964.97    | 0.10%             | 2055-02-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FUNDING LLC 2022-4                                | ENTERPRISE FLEET FINANCING LLC EFF 2022 4 A2 144A      | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2039457 | PA      | $2047902.39   | 0.22%             | 2029-10-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| GNMA PASS THRU POOLS                                               | GNMA II POOL 758659 G2 03/41 FIXED 4.5                 | CUSIP: 36230TTQ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     97120 | PA      | $94187.84     | 0.01%             | 2041-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5500                                            | FREDDIE MAC FHR 5500 FA                                | CUSIP: 3137HJAP2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3090380 | PA      | $3097645.41   | 0.33%             | 2055-02-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 961191 FN 01/38 FIXED 6                      | CUSIP: 31414BKC3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1922 | PA      | $1914.58      | 0.00%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 2024-5A                                     | CHASE AUTO OWNER TRUST CHAOT 2024 5A A3 144A           | CUSIP: 16144QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $799588.80    | 0.09%             | 2029-08-27      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| POLAND GOVT                                                        | REPUBLIC OF POLAND BONDS 02/30 4.875                   | CUSIP: 857524AF9<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |   8500000 | PA      | $8676383.08   | 0.93%             | 2030-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DROP MORTGAGE TRUST 2021-FILE                                      | DROP MORTGAGE TRUST 2021 FILE DROP 2021 FILE A 144A    | CUSIP: 26210YAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $5828088.00   | 0.63%             | 2043-10-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 357175 FN 12/31 FIXED 5.5                    | CUSIP: 31376JXC8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      6772 | PA      | $6774.67      | 0.00%             | 2031-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 255990 FN 11/35 FIXED 5                      | CUSIP: 31371MKB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     46236 | PA      | $46302.72     | 0.00%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2020-4                                    | ANGEL OAK MORTGAGE TRUST AOMT 2020 4 A1 144A           | CUSIP: 03464LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319529 | PA      | $303932.49    | 0.03%             | 2065-06-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5410                                            | FREDDIE MAC FHR 5410 FB                                | CUSIP: 3137HCUC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2769079 | PA      | $2781698.71   | 0.30%             | 2054-05-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP                                   | ALGONQUIN PWR + UTILITY SR UNSECURED 06/26 VAR         | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   2779000 | PA      | $2794427.73   | 0.30%             | 2026-06-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL P50075 FG 09/31 FIXED 6              | CUSIP: 31288LCL3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      9505 | PA      | $9495.98      | 0.00%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2025-4                                           | FANNIE MAE FNR 2025 4 FB                               | CUSIP: 3136BUU65<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1060628 | PA      | $1063345.87   | 0.11%             | 2053-12-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2007-3                                      | SEQUOIA MORTGAGE TRUST SEMT 2007 3 1A1                 | CUSIP: 81744MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    374090 | PA      | $324384.99    | 0.03%             | 2036-07-20      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                | GLOBAL PMTS INC 07/25 ZCP                              | CUSIP: 37961CU18<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9998640.00   | 1.08%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | BOUGHT CAD SOLD USD 20250702                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $995.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2020-1A                        | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2020 1A A1B 144A    | CUSIP: 64830TAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319476 | PA      | $300030.13    | 0.03%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK PLC                                                   | SANTANDER UK PLC COVERED 144A 12/27 4.496              | CUSIP: 80283LBB8<br>LEI: PTCQB104N23FMNK2RZ28 | Long             | DBT              | CORP              | GB        |   3800000 | PA      | $3844365.95   | 0.41%             | 2027-12-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL GLOBAL FUNDING                               | BRIGHTHSE FIN GLBL FUND SECURED REGS 04/27 5.55        | CUSIP: 10921V2J4<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5893401.00   | 0.63%             | 2027-04-09      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CHASE MORTGAGE FINANCE CORP 2007-A1                                | CHASE MORTGAGE FINANCE CORPORA CHASE 2007 A1 8A1       | CUSIP: 161630AW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250310 | PA      | $245837.55    | 0.03%             | 2037-02-25      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 972781 FN 01/38 FIXED 5.35                   | CUSIP: 31414QFW2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     53900 | PA      | $54086.58     | 0.01%             | 2038-01-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2024-2                                 | ALLY AUTO RECEIVABLES TRUST ALLYA 2024 2 A3            | CUSIP: 02007NAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3997894.80   | 0.43%             | 2029-07-16      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 847106 FN 10/35 FIXED 5.5                    | CUSIP: 31408CDK9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     16746 | PA      | $16849.18     | 0.00%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                              | WELLS FARGO + COMPANY SR UNSECURED 01/28 VAR           | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001844.30   | 0.22%             | 2028-01-24      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 596705 FN 04/32 FIXED 6                      | CUSIP: 31387W3N5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      7351 | PA      | $7501.53      | 0.00%             | 2032-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 519281 FN 09/29 FIXED 5.34                   | CUSIP: 31384B2N5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     35206 | PA      | $35513.30     | 0.00%             | 2029-09-01      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                        | BANK OF AMERICA CORP SR UNSECURED 07/26 VAR            | CUSIP: 06051GLA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5000053.10   | 0.54%             | 2026-07-22      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| WAMU MTGE P/T CERT 2007-HY7                                        | WAMU MORTGAGE PASS THROUGH CER WAMU 2007 HY7 2A2       | CUSIP: 93364FAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319669 | PA      | $286745.91    | 0.03%             | 2037-07-25      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| UMBS PASS THRU POOLS                                               | FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE                | CUSIP: 01F050684<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  62100000 | PA      | $60827542.43  | 6.54%             | 2054-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE REMICS 2024-101                                         | FANNIE MAE FNR 2024 101 FB                             | CUSIP: 3136BUFJ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3270518 | PA      | $3269038.95   | 0.35%             | 2055-01-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                                                    | ROLLS ROYCE PLC COMPANY GUAR 144A 10/25 3.625          | CUSIP: 77578JAB4<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |   8842000 | PA      | $8830177.36   | 0.95%             | 2025-10-14      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                       | UBS GROUP AG SR UNSECURED 144A 07/26 VAR               | CUSIP: 225401AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1900000 | PA      | $1901789.57   | 0.20%             | 2026-07-15      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST 2024-2                                | DELL EQUIPMENT FINANCE TRUST DEFT 2024 2 A1 144A       | CUSIP: 24704EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    322313 | PA      | $322378.49    | 0.03%             | 2025-10-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LCM 36 LTD                                                         | LCM LTD PARTNERSHIP LCM 36A A1R 144A                   | CUSIP: 50190LAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1594647.50   | 0.17%             | 2034-01-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N31138 FG 09/34 FIXED 5.5            | CUSIP: 31281BHP8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3171 | PA      | $3211.95      | 0.00%             | 2034-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                            | GA GLOBAL FUNDING TRUST SECURED 144A 09/27 4.4         | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1497596.64   | 0.16%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ELFI GRADUATE LOAN PROGRAM 2021-A LLC                              | ELFI GRADUATE LOAN PROGRAM 202 ELFI 2021 A A 144A      | CUSIP: 28628BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3462602 | PA      | $3081810.67   | 0.33%             | 2046-12-26      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | 31750QM06 PIMCO CDSOPT PUT USD 0.9 20250716            | CUSIP: OP0043SX7<br>LEI: N/A                  | N/A              | DCR              |  | US        | -47100000 | NC      | $-3193.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL P51299 FG 07/37 FIXED 5.5            | CUSIP: 3128C6NQ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     43994 | PA      | $44584.49     | 0.00%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL P51237 FG 11/36 FIXED 6.5            | CUSIP: 3128C6LS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     42099 | PA      | $43546.32     | 0.00%             | 2036-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL H09152 FG 02/38 FIXED 6.5            | CUSIP: 3128UNEZ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     24069 | PA      | $24881.03     | 0.00%             | 2038-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 256526 FN 12/36 FIXED 6                      | CUSIP: 31371M4K0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       932 | PA      | $955.58       | 0.00%             | 2036-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KOMMUNALBANKEN AS                                                  | KOMMUNALBANKEN AS SR UNSECURED 144A 06/27 VAR          | CUSIP: 50048MDS6<br>LEI: I7ETN0QQO2AHZZGHJ389 | Long             | DBT              | CORP              | NO        |  15000000 | PA      | $15005009.85  | 1.61%             | 2027-06-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                   | ABN AMRO BANK NV 144A 10/26 VAR                        | CUSIP: 00084DBC3<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   2200000 | PA      | $2211512.14   | 0.24%             | 2026-10-13      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL AL2591 FN 05/38 FIXED VAR                    | CUSIP: 3138EJ2Z0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     25875 | PA      | $26106.82     | 0.00%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 40 LTD 2019-1A                         | OCTAGON INVESTMENT PARTNERS 40 OCT40 2019 1A A1RR 144A | CUSIP: 67592BAY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3381253.83   | 0.36%             | 2035-01-20      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-8                                  | VERUS SECURITIZATION TRUST VERUS 2023 8 A1 144A        | CUSIP: 92540DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3130890 | PA      | $3160843.75   | 0.34%             | 2068-12-25      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| CHEVY CHASE MORTGAGE FUND CORP 2005-1A                             | CHEVY CHASE MORTGAGE FUNDING C CCMFC 2005 1A A2 144A   | CUSIP: 16678RCU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     22066 | PA      | $21025.75     | 0.00%             | 2036-01-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| RECETTE CLO LTD 2015-1A                                            | RECETTE CLO LLC RCTTE 2015 1A ARR 144A                 | CUSIP: 75620TAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4300000 | PA      | $4312470.00   | 0.46%             | 2034-04-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL N31480 FG 04/37 FIXED 5              | CUSIP: 31281BUD0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     19365 | PA      | $19695.54     | 0.00%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GECU AUTO RECEIVABLES TRUST 2023-1A                                | GECU AUTO RECEIVABLES TRUST GECU 2023 1A A3 144A       | CUSIP: 36169EAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2413863.12   | 0.26%             | 2028-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL P00039 FG 05/33 FIXED 6              | CUSIP: 31283NBG6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      8501 | PA      | $8487.63      | 0.00%             | 2033-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL 2004-AR8                                         | WAMU MORTGAGE PASS THROUGH CER WAMU 2004 AR8 A2        | CUSIP: 92922FUN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    311978 | PA      | $309814.43    | 0.03%             | 2044-06-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| FHLMC PASS THRU POOLS                                              | FED HM LN PC POOL T30133 FG 07/37 FIXED 5.55           | CUSIP: 31286DEE7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      1456 | PA      | $1456.86      | 0.00%             | 2037-07-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FNMA PASS THRU POOLS                                               | FNMA POOL 889322 FN 04/38 FIXED VAR                    | CUSIP: 31410KAX2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      6133 | PA      | $6221.49      | 0.00%             | 2038-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** PIMCO ETF Trust

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer