# EDGAR Filing Document

**Accession Number:** 0001272950
**File Stem:** 0000940400-26-020487
**Filing Date:** 2026-5
**Character Count:** 128203
**Document Hash:** d5a8aec1089d88b7e98396204d7088b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020487.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020487

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBC FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001272950

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21475
- **FILM NUMBER:** 261007709

**BUSINESS ADDRESS:**
- **STREET 1:** 250 NICOLLET MALL
- **STREET 2:** SUITE 1550
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
- **BUSINESS PHONE:** 612-380-1198

**MAIL ADDRESS:**
- **STREET 1:** 250 NICOLLET MALL
- **STREET 2:** SUITE 1550
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAMARACK FUNDS TRUST
- **DATE OF NAME CHANGE:** 20031212

## Series and Classes Contracts Data

### RBC BlueBay Core Plus Bond Fund (Series ID: S000074159)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000231739 | Class A      | RCPAX           |
| C000231740 | Class R6     | RCPRX           |
| C000231741 | Class I      | RCPIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-21475

- **c. CIK number of Registrant:** 0001272950

- **d. LEI of Registrant:** 549300456VUEP58RCU35

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

  - **Street Address 1:** 250 Nicollet Mall

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55401

  - **Telephone number:** 612-376-7000

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

- **a. Name of Series:** RBC BlueBay Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000074159

- **c. LEI of Series:** 549300MEYRSOFRABUX92

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $107397207.59

**Total Liabilities:** $22224651.07

**Net Assets:** $85172556.52

**Stand-by Commitments:** $11193853.52

**Cash Not Reported:** $4480245.95

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 228.95000000 | **1-Year:** 3333.74000000 | **5-Year:** 8481.80000000 | **10-Year:** 9785.78000000 | **30-Year:** 3638.35000000

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

- **3-Month:** 11.73000000 | **1-Year:** 643.36000000 | **5-Year:** 2642.40000000 | **10-Year:** 3547.00000000 | **30-Year:** 969.13000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000231739 | 0.33%                | 1.76%                | -2.83%               |
| Class ID C000231741 | 0.33%                | 1.78%                | -2.81%               |
| Class ID C000231740 | 0.44%                | 1.78%                | -2.81%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $106737.26               | $10487.88                                  |
| Month 2  | $99528.20                | $518511.45                                 |
| Month 3  | $-81896.75               | $-2130502.59                               |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays US Aggregate Index

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Huntington Bancshares Incorporated                                                                                         | HBAN V6.141 11/18/39                                          | CUSIP: 446150BF0<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    176000 | PA      | $179114.31    | 0.21%             | 2039-11-18      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H2 MORTGAGE TRUST                                                                                               | CROSS 2024-H2 A2                                              | CUSIP: 22757BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    307317 | PA      | $309252.47    | 0.36%             | 2069-04-25      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| APA Corp.                                                                                                                  | APA 6.75 02/15/55                                             | CUSIP: 03743QAT5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    262000 | PA      | $263234.60    | 0.31%             | 2055-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                                                                             | ATWALD 5.25 01/15/33                                          | CUSIP: 049463AH5<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484376.98    | 0.57%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Receivable Trust 2025-NQM5                                                                        | SAN 2025-NQM5 A1                                              | CUSIP: 80262CAA6<br>LEI: 254900FHBJ2YHHBOAU80 | Long             | ABS-O            | CORP              | US        |    591920 | PA      | $589368.88    | 0.69%             | 2065-08-25      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                                                                                       | Charter Communications Operating Term Loan B-4 200 2030-11-25 | CUSIP: 16117LCB3<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    430100 | PA      | $429493.56    | 0.50%             | 2030-12-07      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FNMA-30YR                                                     | CUSIP: 01F032641<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1175000 | PA      | $1076738.28   | 1.26%             | 2056-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                                               | ORCL 5.7 02/04/36                                             | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    460000 | PA      | $442250.92    | 0.52%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                                                                   | ICLR 5.809 05/08/27                                           | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    256000 | PA      | $257231.45    | 0.30%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Metronet Infrastructure Issuer LLC.                                                                                        | MNET 2025-4A A2                                               | CUSIP: 59170JBD9<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    863000 | PA      | $861058.16    | 1.01%             | 2055-12-22      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                                                                   | FG 7.4 01/13/28                                               | CUSIP: 30190AAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    209000 | PA      | $212856.71    | 0.25%             | 2028-01-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CB4969                                                     | CUSIP: 3140QQQX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76755 | PA      | $78525.81     | 0.09%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OBX TR 2025-NQM3                                                                                                           | OBX 2025-NQM3 A1                                              | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-O            | CORP              | US        |    299162 | PA      | $300718.64    | 0.35%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | EUR/NOK FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1977.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | SEK/EUR FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-23937.30    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BPCE SA                                                                                                                    | BPCEGP V6.293 01/14/36 144A                                   | CUSIP: 05571ABA2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $261597.25    | 0.31%             | 2036-01-14      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                                             | C V4.113 04/29/36                                             | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    360000 | PA      | $413668.66    | 0.49%             | 2036-04-29      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Triton Container International Limited / TAL International Container Corporation                                           | TRTN 5.15 02/15/33                                            | CUSIP: 89681LAC6<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |    278000 | PA      | $272170.38    | 0.32%             | 2033-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                                | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        35 | NC      | $16637.95     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                                                                                               | CFG V5.299 01/29/36                                           | CUSIP: 174610BK0<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    420000 | PA      | $416353.29    | 0.49%             | 2036-01-29      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MMP CAPITAL 2025-A LLC                                                                                                     | MMP 2025-A A                                                  | CUSIP: 55317QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    199320 | PA      | $200272.69    | 0.24%             | 2031-12-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| ENFRAGEN CHILE SPA                                                                                                         | ENFRAG 5.375 12/30/30 144A                                    | CUSIP: 29280LAA1<br>LEI: 5493003ME0392SW30U44 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $182403.22    | 0.21%             | 2030-12-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Constellation Global Funding                                                                                               | CONSTL 4.85 10/22/30 144A                                     | CUSIP: 21038N2A8<br>LEI: 254900OP9HLIALC2HZ12 | Long             | DBT              | CORP              | US        |    523000 | PA      | $512337.11    | 0.60%             | 2030-10-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | IRS JPY                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $35351.30     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                                         | ET F 11/01/66 *                                               | CUSIP: 29273RBA6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    262000 | PA      | $257413.94    | 0.30%             | 2066-11-01      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                                                                             | TCBI V5.301 02/27/32                                          | CUSIP: 88224QAC1<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    670000 | PA      | $660920.61    | 0.78%             | 2032-02-27      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Flex Intermediate Holdco LLC                                                                                               | FLEXIH 4.317 12/30/39 144A                                    | CUSIP: 33939HAB5<br>LEI: 549300290TQIGM30A243 | Long             | DBT              | CORP              | US        |    176000 | PA      | $147258.08    | 0.17%             | 2039-12-30      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                                               | ORCL 6.1 09/26/65                                             | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    476000 | PA      | $394536.00    | 0.46%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                                                       | GM V5.75 PERP A                                               | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    340000 | PA      | $331811.53    | 0.39%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BGC Group Inc                                                                                                              | BGC 6.6 06/10/29                                              | CUSIP: 05555LAB7<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    260000 | PA      | $267991.09    | 0.31%             | 2029-06-10      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | EUR/USD FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $14130.77     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HOMES 2025-AFC2 TRUST                                                                                                      | HOMES 2025-AFC2 A1A                                           | CUSIP: 43761YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    496592 | PA      | $497717.24    | 0.58%             | 2060-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                                                               | CFG V5.718 07/23/32                                           | CUSIP: 174610BH7<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    450000 | PA      | $462701.30    | 0.54%             | 2032-07-23      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Coty Inc / Hfc Prestige Prods Inc / Hfc Pretige Intl U S LLC                                                               | COTY 5.6 01/15/31 144A                                        | CUSIP: 22207AAC6<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77371.23     | 0.09%             | 2031-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Avolon TLB Borrower 1 (US) LLC                                                                                             | Avolon Term Loan B-6 250 2028-06-01                           | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |    583110 | PA      | $583704.77    | 0.69%             | 2030-06-24      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank                                                                                 | ZION 3.25 10/29/29                                            | CUSIP: 98971DAB6<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    300000 | PA      | $278023.32    | 0.33%             | 2029-10-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                                                           | PCG 6.75 01/15/53                                             | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    439000 | PA      | $456930.21    | 0.54%             | 2053-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EnfraGen Energia Sur S A U/EnfraGen Chile S.p.A./EnfraGen Spain S A U                                                      | ENFRAG 8.499 06/30/32 144A                                    | CUSIP: 29281MAA8<br>LEI: 2549002TO75PYMY3VY07 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $202355.32    | 0.24%             | 2032-06-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                                                          | INTC 5.6 02/21/54                                             | CUSIP: 458140CM0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    210000 | PA      | $192500.40    | 0.23%             | 2054-02-21      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Hilton Worldwide Finance LLC                                                                                               | Hilton Worldwide Term Loan B-4 175 2030-11-01                 | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |    400000 | PA      | $400500.00    | 0.47%             | 2030-11-08      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                                               | T 4 11/15/35                                                  | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2640000 | PA      | $2575237.50   | 3.02%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CFE FIBRA E                                                                                                                | FCFEMM 5.875 09/23/40 144A                                    | CUSIP: 125276AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    197160 | PA      | $191232.53    | 0.22%             | 2040-09-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                                                  | GS V5.065 01/21/37                                            | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    673000 | PA      | $658955.21    | 0.77%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| J P MORGAN MTG TR 2025-VIS1                                                                                                | JPMMT 2025-VIS1 A1                                            | CUSIP: 46659BAC6<br>LEI: 529900CBDGTUOOQONB64 | Long             | ABS-O            | CORP              | US        |    377911 | PA      | $379021.73    | 0.45%             | 2055-08-25      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CC1898                                                     | CUSIP: 3140Y8DC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    751390 | PA      | $750676.21    | 0.88%             | 2056-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Japan (Government Of)                                                                                                      | JGB 2.3 12/20/54 85                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  84200000 | PA      | $402236.35    | 0.47%             | 2054-12-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| American National Group Inc.                                                                                               | ANGINC 6 07/15/35                                             | CUSIP: 025676AQ0<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    232000 | PA      | $225899.97    | 0.27%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BGC Group Inc                                                                                                              | BGC 6.15 04/02/30                                             | CUSIP: 05555LAD3<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    239000 | PA      | $243085.35    | 0.29%             | 2030-04-02      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | AUD/USD FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-28114.28    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Sitios Latinoamerica S.A.B. De C.V                                                                                         | SILAMX 6 11/25/29 144A                                        | CUSIP: 82983PAA1<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |    285000 | PA      | $287568.54    | 0.34%             | 2029-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                                                        | ALLY V4.7 PERP C                                              | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    350000 | PA      | $323440.11    | 0.38%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| RBC Funds Trust                                                                                                            | RBC BlueBay U.S. Government Money Market Fund                 | CUSIP: 74926P696<br>LEI: 549300456VUEP58RCU35 | Long             | STIV             | RF                | US        |   4578127 | NS      | $4578126.96   | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                                                                               | ORCL 4.55 02/04/29                                            | CUSIP: 68389XDW2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236916.56    | 0.28%             | 2029-02-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | IRS BRL                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-323.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                                                                      | SWTCH 2025-1A A2                                              | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $308878.31    | 0.36%             | 2055-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Patterson-UTI Energy Inc.                                                                                                  | PTEN 3.95 02/01/28                                            | CUSIP: 703481AB7<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166581.59    | 0.20%             | 2028-02-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FNMA-30YR                                                     | CUSIP: 01F020646<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4550000 | PA      | $3661940.10   | 4.30%             | 2056-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                                                                    | GBLATL 5.5 04/01/32 144A                                      | CUSIP: 36143L2T1<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    252000 | PA      | $249399.74    | 0.29%             | 2032-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CROWN POINT CLO 4 Ltd                                                                                                      | CRNPT 2018-4A D                                               | CUSIP: 22845XAL4<br>LEI: 549300735PG2ZC70V672 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498750.00    | 0.59%             | 2031-04-21      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                                                        | MEDIND 3.875 04/01/29 144A                                    | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    440000 | PA      | $425837.13    | 0.50%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | USD/GBP FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $43639.96     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | USD/AUD FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-22477.42    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Japan (Government Of)                                                                                                      | JGB 2.8 06/20/55 87                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  41500000 | PA      | $221408.12    | 0.26%             | 2055-06-20      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Essent Group Ltd.                                                                                                          | ESNT 6.25 07/01/29                                            | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | BM        |    295000 | PA      | $304929.71    | 0.36%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MVW 2021-2 LLC                                                                                                             | MVWOT 2021-2A B                                               | CUSIP: 55400KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80479 | PA      | $76696.20     | 0.09%             | 2039-05-20      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| Old National Bancorp                                                                                                       | ONB V5.768 02/15/36                                           | CUSIP: 68003DAA3<br>LEI: 549300MMK90CL5KMVX16 | Long             | DBT              | CORP              | US        |    419000 | PA      | $417429.39    | 0.49%             | 2036-02-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | NOK/EUR FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-22635.83    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                                                                          | Euro(FGBM) Bobl Futures                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -2 | NC      | $5869.89      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | USD/GBP FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-7481.38     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                                                     | FABSJV 5.875 01/25/34                                         | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202824.35    | 0.24%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Japan (Government Of)                                                                                                      | JGB 2.1 09/20/54 84                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  78650000 | PA      | $360202.85    | 0.42%             | 2054-09-20      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                                                                   | FG 6.25 10/04/34                                              | CUSIP: 30190AAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    434000 | PA      | $411186.73    | 0.48%             | 2034-10-04      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                                | U.S. Treasury Bond Futures, Jun-2026,ETH                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        46 | NC      | $-69151.07    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc.                                                                                                           | TXNM V7 07/31/56 144A                                         | CUSIP: 69349HAJ6<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | DBT              | CORP              | US        |    340000 | PA      | $338429.26    | 0.40%             | 2056-07-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| National Health Investors, Inc.                                                                                            | NHI 5.35 02/01/33                                             | CUSIP: 63633DAG9<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | DBT              | CORP              | US        |    509000 | PA      | $499665.84    | 0.59%             | 2033-02-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                                                        | SYF V5.019 07/29/29                                           | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199742.25    | 0.23%             | 2029-07-29      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | CDS LINCOLN NATIONAL CORP                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-25390.35    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Whistler Pipeline LLC                                                                                                      | WHISPI 5.95 09/30/34 144A                                     | CUSIP: 96337RAC6<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245793.23    | 0.29%             | 2034-09-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                                                           | PARA V6.375 03/30/62                                          | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    209000 | PA      | $152940.48    | 0.18%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                                                                                        | GPN 5.55 11/15/35                                             | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    350000 | PA      | $336548.13    | 0.40%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                                                                          | EURO(FGBX) Buxl Futures                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -3 | NC      | $8792.59      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | IRS JPY                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $90456.57     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                                                      | AAL 5.65 11/11/34 B                                           | CUSIP: 02377PAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    490000 | PA      | $488397.63    | 0.57%             | 2034-11-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Fedex Freight Holding Co. Inc.                                                                                             | FDX 4.3 03/15/29 144A                                         | CUSIP: 314352AA3<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493960.31    | 0.58%             | 2029-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                                                                    | CDEL 6.44 01/26/36 144A                                       | CUSIP: 21987BBK3<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    210000 | PA      | $220598.99    | 0.26%             | 2036-01-26      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| Fortitude Group Holdings LLC                                                                                               | FORTRE 6.25 04/01/30 144A                                     | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |    230000 | PA      | $234231.48    | 0.28%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                                                         | HBAN V5.605 01/28/41                                          | CUSIP: 446150BL7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    260000 | PA      | $253846.27    | 0.30%             | 2041-01-28      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| As Mileage Plan Ip Ltd.                                                                                                    | Alaska Air Term Loan B 175 2031-10-01                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    493750 | PA      | $490456.69    | 0.58%             | 2031-10-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | CDS CDX.NA.IG.46.V1                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-228830.92   | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                                                         | VRT 5.8 03/15/56                                              | CUSIP: 92537NAC2<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    290000 | PA      | $278501.01    | 0.33%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                                          | LPLA 5.75 06/15/35                                            | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    337000 | PA      | $335472.37    | 0.39%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Atkore International Inc                                                                                                   | Atkore Term Loan B 200 2032-09-08                             | CUSIP: 04765BAK8<br>LEI: 549300G7TKUUPGRV2D81 | Long             | LON              | CORP              | US        |    363434 | PA      | $363433.86    | 0.43%             | 2032-09-29      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                                           | FR QF4133                                                     | CUSIP: 3133BRSW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    112268 | PA      | $117583.56    | 0.14%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FNMA-30YR                                                     | CUSIP: 01F030645<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1925000 | PA      | $1692392.63   | 1.99%             | 2056-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | USD/GBP FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-25638.65    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                                                                          | Euro(FGBS) Schatz Futures                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -3 | NC      | $4088.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                                                                                              | JEF 6.2 04/14/34                                              | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    360000 | PA      | $366835.65    | 0.43%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | CDS CDX.NA.IG.46.V1                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-205958.39   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                                | 10-Year T-Note Futures, Jun-2026,ETH                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        12 | NC      | $1840.84      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                                                                 | LIBMUT 3.875 09/26/35 144A                                    | CUSIP: 53079EBQ6<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    380000 | PA      | $421184.58    | 0.49%             | 2035-09-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                                       | CHTR 5.75 04/01/48                                            | CUSIP: 161175BN3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    190000 | PA      | $158818.37    | 0.19%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                                                                                  | HASI V8 06/01/56                                              | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    272000 | PA      | $280978.21    | 0.33%             | 2056-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | GBP/EUR FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-450.41      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OBX 2023-Nqm6 Trust                                                                                                        | OBX 2023-NQM6 A3                                              | CUSIP: 67117VAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    213210 | PA      | $213501.35    | 0.25%             | 2063-07-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| First Citizens BancShares Inc (Delaware)                                                                                   | FCNCA V6.254 03/12/40                                         | CUSIP: 31959XAF0<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    380000 | PA      | $370968.23    | 0.44%             | 2040-03-12      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                                                               | RCL 5.25 02/27/38                                             | CUSIP: 78017TAD5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    285000 | PA      | $270980.41    | 0.32%             | 2038-02-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                                             | MS V5.073 01/30/37                                            | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    430000 | PA      | $421155.94    | 0.49%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| DATABANK ISSUER LLC                                                                                                        | HYPER 2025-1A A2                                              | CUSIP: 23802YAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    433000 | PA      | $421085.37    | 0.49%             | 2055-09-27      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Ecuador (Republic Of)                                                                                                      | ECUA 9.25 01/29/39 144A                                       | CUSIP: 27927WAR3<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    283000 | PA      | $277162.25    | 0.33%             | 2039-01-29      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                                                                                        | Hilcorp Energy Term Loan B 200 2030-01-26                     | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |    410850 | PA      | $410336.44    | 0.48%             | 2030-02-11      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CB4768                                                     | CUSIP: 3140QQJN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    474930 | PA      | $473733.68    | 0.56%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Altagas Ltd                                                                                                                | ALACN V7.2 10/15/54 144A                                      | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |    253000 | PA      | $255843.58    | 0.30%             | 2054-10-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| W. P. Carey Inc                                                                                                            | WPC 3.7 11/19/34                                              | CUSIP: 000000000<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |    192000 | PA      | $209800.63    | 0.25%             | 2034-11-19      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Homes 2025-NQM4 Trust                                                                                                      | HOMES 2025-NQM4 A1                                            | CUSIP: 403958AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    612080 | PA      | $611992.08    | 0.72%             | 2070-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Fideicomiso Irrevocable 1721 Banco Actinver Sa Institucion DE Banca Multiple Grupo Financiero Actinver Division Fiduciaria | FIBRAP 5.625 01/14/38 144A                                    | CUSIP: 31575KAB1<br>LEI: 549300JMTSVQ6LKX5222 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $190758.71    | 0.22%             | 2038-01-14      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                                                                  | SOBOCN 5.584 10/01/34                                         | CUSIP: 83007CAF9<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168893.87    | 0.20%             | 2034-10-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                                                                                         | ATH 6.625 05/19/55                                            | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    259000 | PA      | $249292.94    | 0.29%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                                                        | ALLY V4.7 PERP B                                              | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237657.52    | 0.28%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                                                                                     | ISPIM V7 PERP                                                 | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $242037.02    | 0.28%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WULF Compute LLC                                                                                                           | WULF 7.75 10/15/30 144A                                       | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $415291.45    | 0.49%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                                                                    | BPCEGP V6.347 01/13/47 144A                                   | CUSIP: 05571ABG9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    316000 | PA      | $303374.44    | 0.36%             | 2047-01-13      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN BT7932                                                     | CUSIP: 3140LWY68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    168701 | PA      | $172604.86    | 0.20%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pilgrims Pride Corporation                                                                                                 | PPC 3.5 03/01/32                                              | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    225000 | PA      | $204257.15    | 0.24%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                                                                             | ATWALD 4.625 11/15/28                                         | CUSIP: 049463AF9<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    320000 | PA      | $315268.60    | 0.37%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank                                                                                 | ZION V6.816 11/19/35                                          | CUSIP: 98971DAC4<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256858.55    | 0.30%             | 2035-11-19      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | GBP/EUR FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $12638.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                                                         | HBAN V6.25 PERP K                                             | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    434000 | PA      | $426405.56    | 0.50%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                                                      | FR RA7718                                                     | CUSIP: 3133KPSF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    370461 | PA      | $359038.95    | 0.42%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OBX TRUST 2023-NQM10                                                                                                       | OBX 2023-NQM10 A2                                             | CUSIP: 67449CAB7<br>LEI: 254900O44XNRXAW7W466 | Long             | ABS-O            | CORP              | US        |    218832 | PA      | $220186.69    | 0.26%             | 2063-10-25      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| CENTERSQUARE ISSUER LLC                                                                                                    | CNSQ 2025-3A A2                                               | CUSIP: 15201EAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    326000 | PA      | $311439.65    | 0.37%             | 2055-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                                                          | PAA V0 PERP B                                                 | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    480000 | PA      | $478115.87    | 0.56%             | N/A             | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| UNITI FIBER ABS ISSUER LLC                                                                                                 | UNIT 2025-1A B                                                | CUSIP: 91326EAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530000 | PA      | $540972.14    | 0.64%             | 2055-04-20      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                                                                                         | VRT 4.125 11/15/28 144A                                       | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    433000 | PA      | $425036.60    | 0.50%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PLANET FITNESS MASTER ISSUER LLC SERIES 2018-1                                                                             | PLNT 2025-1A A2II                                             | CUSIP: 72703PAJ2<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    691000 | PA      | $681656.71    | 0.80%             | 2055-12-05      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| VERUS SEC TR 2023-5                                                                                                        | VERUS 2023-5 A2                                               | CUSIP: 924934AB8<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-O            | CORP              | US        |    202921 | PA      | $202879.96    | 0.24%             | 2068-06-25      | Variable      | 6.76%                 | No            |                  2 | On Loan: No      |
| OSAKA EXCHANGE,INC                                                                                                         | 10-YEAR JGB TRADE FUTURE, JUN 2026                            | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              | CORP              | JP        |        -4 | NC      | $23978.83     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CB7160                                                     | CUSIP: 3140QS5W7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    425266 | PA      | $442668.04    | 0.52%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CB5344                                                     | CUSIP: 3140QQ5E1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    304097 | PA      | $320086.88    | 0.38%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZAT TR 2024-8                                                                                                | VERUS 2024-8 A2                                               | CUSIP: 92540PAB4<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-O            | CORP              | US        |    352978 | PA      | $353618.76    | 0.42%             | 2069-10-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| BGC Group Inc                                                                                                              | BGC 8 05/25/28                                                | CUSIP: 088929AC8<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    274000 | PA      | $288719.03    | 0.34%             | 2028-05-25      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                                                                                       | MTB V5.385 01/16/36 MTN                                       | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    187000 | PA      | $185420.06    | 0.22%             | 2036-01-16      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc                                                                                 | FIS 4.45 03/10/28                                             | CUSIP: 31620MCA2<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    246000 | PA      | $245282.82    | 0.29%             | 2028-03-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | CDS PARA (100)                                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |         1 | NC      | $69663.37     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                                                         | META 5.625 11/15/55 .                                         | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    400000 | PA      | $374678.30    | 0.44%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                                                                  | SOBOCN 6.176 10/01/54                                         | CUSIP: 83007CAH5<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    205000 | PA      | $195187.92    | 0.23%             | 2054-10-01      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                                                          | INTC 3.2 08/12/61                                             | CUSIP: 458140BX7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    283000 | PA      | $157865.46    | 0.19%             | 2061-08-12      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                                              | F F 03/20/28                                                  | CUSIP: 345397G80<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    310000 | PA      | $312482.75    | 0.37%             | 2028-03-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Northwoods Capital XVII                                                                                                    | WOODS 2018-17A D                                              | CUSIP: 66860PAG9<br>LEI: 549300VSNJNLNM3KF997 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $486950.00    | 0.57%             | 2031-04-22      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| CI Financial Corp                                                                                                          | CIXCN 7.5 05/30/29 144A                                       | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $345688.21    | 0.41%             | 2029-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Spire Inc                                                                                                                  | SR V6.25 06/01/56                                             | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    280000 | PA      | $276322.49    | 0.32%             | 2056-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                                                                          | Euro(FOAT) OAT Futures                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -27 | NC      | $94057.77     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                                                                                          | Euro(FGBL) Bund Futures                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        15 | NC      | $-41023.51    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                                                                         | CM V6.5 07/28/86                                              | CUSIP: 13607QUM2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $291733.98    | 0.34%             | 2086-07-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                                                         | VRT 5.95 03/15/66                                             | CUSIP: 92537NAD0<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    170000 | PA      | $162695.27    | 0.19%             | 2066-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | CDS CDX.NA.IG.46.V1                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-137305.59   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Japan (Government Of)                                                                                                      | JGB 1.8 03/20/54 82                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  10000000 | PA      | $42713.07     | 0.05%             | 2054-03-20      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                                                                  | O 3.875 06/20/35 .                                            | CUSIP: 756109CV4<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    154000 | PA      | $170520.17    | 0.20%             | 2035-06-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HONO 2021-LULU MORTGAGE TRUST                                                                                              | HONO 2021-LULU A                                              | CUSIP: 40390MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $247268.05    | 0.29%             | 2036-10-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                                               | HESM 5.875 03/01/28 144A                                      | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $201567.43    | 0.24%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC 2024-1                                                                                               | SWTCH 2024-2A B                                               | CUSIP: 871044AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310000 | PA      | $305454.29    | 0.36%             | 2054-06-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| TPG Operating Group II LP                                                                                                  | TPG 4.875 05/15/31                                            | CUSIP: 87268QAA4<br>LEI: 2549001H9RJQNZT7MU11 | Long             | DBT              | CORP              | US        |    517000 | PA      | $506974.85    | 0.60%             | 2031-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                                                         | SANTAN F 03/14/28                                             | CUSIP: 05964HBC8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $201182.62    | 0.24%             | 2028-03-14      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Julius Baer Group AG                                                                                                       | BAERVX V3.625 PERP                                            | CUSIP: 000000000<br>LEI: 5299007MF0604ZGJER92 | Long             | DBT              | CORP              | CH        |    598000 | PA      | $545701.42    | 0.64%             | N/A             | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Commerzbank AG                                                                                                             | CMZB V7.875 PERP EMTN                                         | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $250856.85    | 0.29%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM11 TRUST                                                                                                       | OBX 2025-NQM11 A1                                             | CUSIP: 67449BAA1<br>LEI: 254900KNWDG7C03UTA13 | Long             | ABS-O            | CORP              | US        |    279297 | PA      | $279999.74    | 0.33%             | 2065-05-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| First Citizens BancShares Inc (Delaware)                                                                                   | FCNCA V5.6 09/05/35                                           | CUSIP: 319626AA5<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    510000 | PA      | $498619.67    | 0.59%             | 2035-09-05      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | EUR/USD FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $10752.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2023-INV2                                                                                       | VERUS 2023-INV2 A3                                            | CUSIP: 92540BAC3<br>LEI: 213800D3C9UXVQ7TZF09 | Long             | ABS-O            | CORP              | US        |    267975 | PA      | $268440.57    | 0.32%             | 2068-08-25      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Hawaiian Electric Company, Inc.                                                                                            | HE 6 10/01/33 144A                                            | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |    223000 | PA      | $222644.01    | 0.26%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TR 2024-3                                                                                             | VERUS 2024-3 A3                                               | CUSIP: 92540MAC9<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-O            | CORP              | US        |    264168 | PA      | $266621.61    | 0.31%             | 2069-04-25      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank                                                                                 | ZION V4.704 08/18/28                                          | CUSIP: 98971DAD2<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248866.10    | 0.29%             | 2028-08-18      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                                | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -67 | NC      | $-6056.39     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                                       | CHTR 3.85 04/01/61                                            | CUSIP: 161175BY9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    393000 | PA      | $229657.51    | 0.27%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                                                     | FABSJV 6.4 01/25/38                                           | CUSIP: 350930AE3<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209170.51    | 0.25%             | 2038-01-25      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                                                                                                       | QTS 2025-1A B                                                 | CUSIP: 74690DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430000 | PA      | $419037.95    | 0.49%             | 2055-05-25      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | EUR/USD FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-7342.66     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CC1573                                                     | CUSIP: 3140Y7XB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    778664 | PA      | $801407.40    | 0.94%             | 2055-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KINETIC ABS ISSUER LLC                                                                                                     | UNITK 2026-1A B                                               | CUSIP: 49459AAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    428000 | PA      | $426760.25    | 0.50%             | 2056-02-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Belrose Funding Trust II                                                                                                   | Belrose Funding Trust II                                      | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    334000 | PA      | $333289.55    | 0.39%             | 2055-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | USD/GBP FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-61074.01    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                                                     | FABSJV 6.3 01/25/39                                           | CUSIP: 350930AK9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    434000 | PA      | $452195.27    | 0.53%             | 2039-01-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM3 TRUST                                                                                                        | OBX 2023-NQM3 A1                                              | CUSIP: 67117PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283253 | PA      | $283253.26    | 0.33%             | 2063-02-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                                                                                  | HASI V7.125 11/15/56                                          | CUSIP: 41068XAH3<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    254000 | PA      | $252917.93    | 0.30%             | 2056-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co LLC                                                                                             | NSANY F 09/13/27 144A                                         | CUSIP: 65480CAJ4<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    190000 | PA      | $188510.63    | 0.22%             | 2027-09-13      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| American National Group Inc.                                                                                               | ANGINC V7 12/01/55                                            | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    335000 | PA      | $316337.42    | 0.37%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Breakwater Energy Holdings Sa R L                                                                                          | BRKWTR 9.25 11/15/30 144A                                     | CUSIP: 10637BAA3<br>LEI: 984500969HAFA937F390 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $264296.95    | 0.31%             | 2030-11-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                                                                | GBLATL 7.95 06/15/33 144A                                     | CUSIP: 37959GAD9<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    390000 | PA      | $418969.31    | 0.49%             | 2033-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| JH North America Holdings Inc.                                                                                             | JHXAU 6.125 07/31/32 144A                                     | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    254000 | PA      | $253650.58    | 0.30%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                                                                                      | Citadel Enterprise Term Loan B 200 2031-10-01                 | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    431628 | PA      | $431869.80    | 0.51%             | 2031-10-31      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                                                                | GLPI 5.625 09/15/34                                           | CUSIP: 361841AT6<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    221000 | PA      | $217147.62    | 0.25%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | NOK/EUR FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $64929.16     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CC1900                                                     | CUSIP: 3140Y8DE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    756615 | PA      | $772588.22    | 0.91%             | 2056-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Symetra Life Insurance Co.                                                                                                 | SYA 6.55 10/01/55 144A                                        | CUSIP: 87151KAA7<br>LEI: 2CKADF5K7JYB5EG0VY36 | Long             | DBT              | CORP              | US        |    247000 | PA      | $248405.63    | 0.29%             | 2055-10-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| BW REAL ESTATE INC                                                                                                         | WAL V9.5 PERP 144A                                            | CUSIP: 05614HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    510000 | PA      | $510390.36    | 0.60%             | N/A             | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer Llc                                                                                            | SIDC 2026-1A A2                                               | CUSIP: 85236KAR3<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    473000 | PA      | $457474.92    | 0.54%             | 2056-03-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                                | 5-Year T-Note Futures, Jun-2026,ETH                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -6 | NC      | $-589.32      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | CDS ORACLE CORP                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-13382.76    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | EUR/SEK FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $17241.32     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | IRS BRL                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-78489.93    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2023-NQM5                                                                                  | BRAVO 2023-NQM5 A3                                            | CUSIP: 10569UAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    141205 | PA      | $141388.01    | 0.17%             | 2063-06-25      | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank                                                                                                      | WAL V6.537 11/15/35                                           | CUSIP: 95758BCL1<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | DBT              | CORP              | US        |    388000 | PA      | $379995.88    | 0.45%             | 2035-11-15      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | USD/EUR FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-2695.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated                                                                                 | RGA V6.375 09/15/56                                           | CUSIP: 759351AV1<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    340000 | PA      | $329025.49    | 0.39%             | 2056-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Standard Life PLC                                                                                                          | SDLF V8.5 PERP                                                | CUSIP: 000000000<br>LEI: 2138001P49OLAEU33T68 | Long             | DBT              | CORP              | GB        |    201000 | PA      | $209576.19    | 0.25%             | N/A             | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Discovery Communications, LLC                                                                                              | WBD 5 09/20/37 *                                              | CUSIP: 25470DBY4<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    285000 | PA      | $206081.98    | 0.24%             | 2037-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                                                                                           | PCG V7.375 03/15/55                                           | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    387000 | PA      | $389177.46    | 0.46%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Japan (Government Of)                                                                                                      | JGB 0.5 03/20/60 13                                           | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        | 301050000 | PA      | $760003.87    | 0.89%             | 2060-03-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FNMA-30YR                                                     | CUSIP: 01F022642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3325000 | PA      | $2796544.45   | 3.28%             | 2056-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Grand River Funding Trust I                                                                                                | JXN 6.311 02/15/36                                            | CUSIP: 38644BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $131140.83    | 0.15%             | 2036-02-15      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                                         | ET 6.3 01/15/56                                               | CUSIP: 29273VBL3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295915.55    | 0.35%             | 2056-01-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.                                       | CHTR 5.375 04/01/38                                           | CUSIP: 161175BM5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    346000 | PA      | $310412.26    | 0.36%             | 2038-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VERUS SEC TR 2023-4                                                                                                        | VERUS 2023-4 A1                                               | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-O            | CORP              | US        |    201632 | PA      | $201179.19    | 0.24%             | 2068-05-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                                               | HESM 6.5 06/01/29 144A                                        | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    614000 | PA      | $627428.84    | 0.74%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                                              | GOOGL 4.375 11/06/64                                          | CUSIP: 02079KBG1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    307000 | PA      | $334265.13    | 0.39%             | 2064-11-06      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                                                        | FITB V0 PERP H                                                | CUSIP: 316773CM0<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    223000 | PA      | $221348.07    | 0.26%             | N/A             | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| CROSS 2023-H2 MORTGAGE TRUST                                                                                               | CROSS 2023-H2 A1A                                             | CUSIP: 22757NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    238287 | PA      | $240035.74    | 0.28%             | 2068-11-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CC1572                                                     | CUSIP: 3140Y7XA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    802402 | PA      | $812189.21    | 0.95%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                                             | MEX 5.625 02/09/34                                            | CUSIP: 91087BBQ2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    450000 | PA      | $440799.23    | 0.52%             | 2034-02-09      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN BT8271                                                     | CUSIP: 3140LXFM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    835924 | PA      | $791413.01    | 0.93%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                                | 10-Year T-Note Futures, Jun-2026,ETH                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        14 | NC      | $14104.58     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Citadel Finance LLC                                                                                                        | CITADL 5.15 02/14/31 144A                                     | CUSIP: 17287HAF7<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488499.05    | 0.57%             | 2031-02-14      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                                | 2-Year T-Note Futures, Jun-2026,ETH                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        19 | NC      | $-18150.33    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Shackleton 2015-VII-R CLO Ltd.                                                                                             | SHACK 2015-7RA DRR                                            | CUSIP: 81883AAY5<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498900.00    | 0.59%             | 2031-07-15      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                                                        | EXE 5.875 02/01/29 144A                                       | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    217000 | PA      | $217022.56    | 0.25%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Capital Power (US Holdings) Inc                                                                                            | CPXCN 6.189 06/01/35 144A                                     | CUSIP: 14041TAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $338882.70    | 0.40%             | 2035-06-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | GBP/USD FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $49436.75     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                                                                          | MCAIRH 5.2 03/27/28 144A                                      | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    430000 | PA      | $431810.91    | 0.51%             | 2028-03-27      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | JPY/USD FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2085.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                                                                        | CITADL 4.75 02/14/29 144A                                     | CUSIP: 17287HAE0<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |    283000 | PA      | $277256.82    | 0.33%             | 2029-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Terex Corporation                                                                                                          | Terex Term Loan B 175 2031-10-01                              | CUSIP: 88078FBQ0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |    495009 | PA      | $495321.22    | 0.58%             | 2031-10-08      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                                                                                             | USD/JPY FORWARD                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $21194.10     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                                             | C V6.625 PERP                                                 | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    369000 | PA      | $368965.99    | 0.43%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CB4766                                                     | CUSIP: 3140QQJL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    184748 | PA      | $184262.13    | 0.22%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Liberty Utilities Co. (Delaware)                                                                                           | AQNCN 5.869 01/31/34 144A                                     | CUSIP: 531542AB4<br>LEI: 549300UN1FEYPC5BKW09 | Long             | DBT              | CORP              | US        |    116000 | PA      | $120039.43    | 0.14%             | 2034-01-31      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                                                          | EPD V0 08/16/77 D                                             | CUSIP: 29379VBM4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    198000 | PA      | $197207.69    | 0.23%             | 2077-08-16      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                                                                | GBLATL V7.25 03/01/56 144A                                    | CUSIP: 37959GAH0<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    453000 | PA      | $427273.12    | 0.50%             | 2056-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CC0947                                                     | CUSIP: 3140Y7BR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    623479 | PA      | $650419.61    | 0.76%             | 2055-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DAE Funding LLC                                                                                                            | DUBAEE 4.95 01/15/33 144A                                     | CUSIP: 23371DAM6<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |    420000 | PA      | $398345.33    | 0.47%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                                                                                                   | Allison Transmission Term Loan B (Incremental) 175 2032-10-28 | CUSIP: 01973KAJ5<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | LON              | CORP              | US        |    484000 | PA      | $485210.00    | 0.57%             | 2033-01-02      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                                                           | DB V6.75 PERP                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $234348.59    | 0.28%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                                                                                  | HASI 6.75 07/15/35                                            | CUSIP: 40408AAB7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    441000 | PA      | $452540.94    | 0.53%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                                                | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        40 | NC      | $-8503.88     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                                                                                                          | INTC 5.7 02/10/53                                             | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    230000 | PA      | $211611.02    | 0.25%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                                                                                           | PCG V6.85 09/15/56                                            | CUSIP: 69331CAN8<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    297000 | PA      | $292514.63    | 0.34%             | 2056-09-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FNMA-30YR                                                     | CUSIP: 01F040644<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    675000 | PA      | $636662.70    | 0.75%             | 2056-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                                                           | PARA V6.25 02/28/57                                           | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    199000 | PA      | $134365.32    | 0.16%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GCAT 2023-NQM2 TRUST                                                                                                       | GCAT 2023-NQM2 A3                                             | CUSIP: 36169DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    462093 | PA      | $461042.84    | 0.54%             | 2067-11-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FN CB9720                                                     | CUSIP: 3140QVYS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    983726 | PA      | $995958.04    | 1.17%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                                         | ET V6.5 02/15/56                                              | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    337000 | PA      | $332531.89    | 0.39%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                                                                                   | IRS BRL                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-347.48      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Infrastructure Finance ULC                                                                                      | BIP V6.75 03/15/55                                            | CUSIP: 11276BAA7<br>LEI: 984500CDDWC47U7DBA74 | Long             | DBT              | CORP              | CA        |    314000 | PA      | $311733.89    | 0.37%             | 2055-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                                               | UBS V7 PERP 144a                                              | CUSIP: 902613BS6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    673000 | PA      | $655057.79    | 0.77%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                                                      | FNMA-30YR                                                     | CUSIP: 01F060642<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1200000 | PA      | $1222716.00   | 1.44%             | 2056-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                                                                                  | HASI 6 03/15/36                                               | CUSIP: 41068XAK6<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    375000 | PA      | $363246.04    | 0.43%             | 2036-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Vsp Optical Group Inc.                                                                                                     | VSPOPT 5.45 12/01/35 144A                                     | CUSIP: 91836LAA0<br>LEI: 549300PHX8USLM2BT742 | Long             | DBT              | CORP              | US        |    254000 | PA      | $248864.52    | 0.29%             | 2035-12-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ZAYO ISSUER LLC                                                                                                            | ZAYO 2025-1A B                                                | CUSIP: 98919WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $303258.67    | 0.36%             | 2055-03-20      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc                                                                                            | Solstice Advanced Materials Term Loan B 175 2032-09-07        | CUSIP: 83443PAC9<br>LEI: 2138004GZ4H9TW6HK435 | Long             | LON              | CORP              | US        |    568800 | PA      | $571171.90    | 0.67%             | 2032-10-29      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                                                      | SOCGEN V8.125 PERP 144A                                       | CUSIP: 83370RAE8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    210000 | PA      | $215998.74    | 0.25%             | N/A             | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MFA 2020-NQM3 TRUST                                                                                                        | MFRA 2020-NQM3 A3                                             | CUSIP: 552757AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110194 | PA      | $104999.88    | 0.12%             | 2065-01-25      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| Fidelis Insurance Holdings Ltd.                                                                                            | FIHL V7.75 06/15/55                                           | CUSIP: 31575FAC0<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | DBT              | CORP              | BM        |    369000 | PA      | $388311.47    | 0.46%             | 2055-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Webster Financial Corp.                                                                                                    | WBS V5.784 09/11/35                                           | CUSIP: 947890AK5<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | DBT              | CORP              | US        |    464000 | PA      | $470863.06    | 0.55%             | 2035-09-11      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** RBC Funds Trust

**Signature:** Kathy Hegna

**Name of Signer:** Kathy Hegna

**Title:** Treasurer and Chief Financial Officer - RBC Funds, and Director of Mutual Fund Services | RBC Global Asset Management (U.S.) Inc.