# EDGAR Filing Document

**Accession Number:** 0000766351
**File Stem:** 0001752724-25-192200
**Filing Date:** 2025-8
**Character Count:** 299526
**Document Hash:** 2a1a948e6f2396c35a275d62d275d505
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-192200.hdr.sgml**: 20250819

**ACCESSION NUMBER**: 0001752724-25-192200

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250819

**DATE AS OF CHANGE**: 20250819

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Securian Funds Trust
- **CENTRAL INDEX KEY:** 0000766351

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04279
- **FILM NUMBER:** 251230098

**BUSINESS ADDRESS:**
- **STREET 1:** 400 N ROBERT ST
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55101
- **BUSINESS PHONE:** 6516656918

**MAIL ADDRESS:**
- **STREET 1:** 400 ROBERT STREET NORTH
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55101-2098

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVANTUS SERIES FUND INC
- **DATE OF NAME CHANGE:** 19970609

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MIMLIC SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### SFT Core Bond Fund (Series ID: S000024505)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000072676 | Class 1      |  |
| C000072677 | Class 2      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-04279

- **c. CIK number of Registrant:** 0000766351

- **d. LEI of Registrant:** 549300J5E2OE7HWZ1521

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

  - **Street Address 1:** 400 N ROBERT ST

  - **City:** ST PAUL

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55101

  - **Telephone number:** 651-665-3500

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

- **a. Name of Series:** SFT Core Bond Fund

- **b. EDGAR series identifier (if any):** S000024505

- **c. LEI of Series:** 54930023ERGBUDKYY124

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $481994891.54

**Total Liabilities:** $57370666.95

**Net Assets:** $424624224.59

**Delayed Delivery Securities:** $588976.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -395.89000000 | **1-Year:** -8981.62000000 | **5-Year:** -19936.42000000 | **10-Year:** -20817.51000000 | **30-Year:** -6683.24000000

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

- **3-Month:** -56.82000000 | **1-Year:** -1896.63000000 | **5-Year:** -4343.68000000 | **10-Year:** -1677.41000000 | **30-Year:** -684.55000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000072677 | 0.53%                | -0.90%               | 1.78%                |
| Class ID C000072676 | 0.55%                | -0.88%               | 1.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $857649.04               | $-480824.18                                |
| Month 2  | $-1402362.17             | $-3321675.66                               |
| Month 3  | $-203914.92              | $6098714.30                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132A4UQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     29893 | PA      | $30852.59     | 0.01%             | 2035-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31404TET6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3284 | PA      | $3307.08      | 0.00%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                         | Volkswagen Group of America Finance LLC                                        | CUSIP: 928668CR1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    700000 | PA      | $711404.37    | 0.17%             | 2032-03-25      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| COTIVITI CORPORATION                                             | Cotiviti Corp.                                                                 | CUSIP: 22164MAF4<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |     28982 | PA      | $28836.76     | 0.01%             | 2032-03-26      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                                 | Symphony CLO XX Ltd.                                                           | CUSIP: 87166VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    359108 | PA      | $359334.27    | 0.08%             | 2032-01-16      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31329KK86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4946 | PA      | $4966.10      | 0.00%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased EUR / Sold USD                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |         1 | NC      | $3586.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                    | UBS Commercial Mortgage Trust                                                  | CUSIP: 90276UAX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3400568.50   | 0.80%             | 2050-12-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138EGHS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    160797 | PA      | $155333.93    | 0.04%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                         | Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.                         | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     65000 | PA      | $61026.55     | 0.01%             | 2026-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                                              | Spectrum Brands, Inc.                                                          | CUSIP: 84762LAX3<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |     61000 | PA      | $48916.28     | 0.01%             | 2031-03-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CCRR PARENT INC                                                  | CCRR Parent, Inc.                                                              | CUSIP: 12510MAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49922 | PA      | $19968.74     | 0.00%             | 2028-03-06      | Floating      | 8.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DS4H2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    520637 | PA      | $484296.42    | 0.11%             | 2053-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association, TBA                                  | CUSIP: 21H052678<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3325000 | PA      | $3328347.28   | 0.78%             | 2054-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138EML66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    164281 | PA      | $153793.07    | 0.04%             | 2043-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | Wells Fargo & Co.                                                              | CUSIP: 949746SH5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1081090.46   | 0.25%             | 2026-10-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS CORP                                     | Frontier Communications Corp.                                                  | CUSIP: 35906EAU4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24595 | PA      | $24533.26     | 0.01%             | 2031-07-01      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                          | CUSIP: 01F032674<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8825000 | PA      | $7947660.24   | 1.87%             | 2054-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31389GSV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4887 | PA      | $5150.98      | 0.00%             | 2032-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | Future                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         6 | NC      | $10957.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC                                         | Constellation Brands, Inc.                                                     | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    755000 | PA      | $653977.84    | 0.15%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                | DISH Network Corp.                                                             | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41230.86     | 0.01%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| US BANCORP                                                       | U.S. Bancorp                                                                   | CUSIP: 91159HHW3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    765000 | PA      | $724139.77    | 0.17%             | 2029-07-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                       | Intel Corp.                                                                    | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88537.82     | 0.02%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                            | Mexico Government International Bonds                                          | CUSIP: 91087BAT7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    287000 | PA      | $270701.27    | 0.06%             | 2033-05-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association REMICS                                | CUSIP: 38378GRM2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     33037 | PA      | $27962.16     | 0.01%             | 2042-12-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133B6L99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2269605 | PA      | $1899486.93   | 0.45%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                               | Energy Transfer LP                                                             | CUSIP: 86765BAH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1956436.92   | 0.46%             | 2040-02-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG, Inc.                                                       | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    181000 | PA      | $195480.49    | 0.05%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                         | Hudson Pacific Properties LP                                                   | CUSIP: 44409MAA4<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |      5000 | PA      | $4793.43      | 0.00%             | 2027-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31405JEC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9544 | PA      | $9972.85      | 0.00%             | 2034-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138A2GV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27529 | PA      | $26472.32     | 0.01%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416YUC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    256710 | PA      | $254886.96    | 0.06%             | 2041-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                            | Molina Healthcare, Inc.                                                        | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40654.08     | 0.01%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418ANG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47972 | PA      | $46980.15     | 0.01%             | 2032-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                      | Oracle Corp.                                                                   | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    330000 | PA      | $335377.82    | 0.08%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOLDING CORP                                         | Renaissance Holdings Corp.                                                     | CUSIP: 75972JAK0<br>LEI: 549300UKKEC0Y6TXNF09 | Long             | LON              | CORP              | US        |     89558 | PA      | $81081.61     | 0.02%             | 2030-04-05      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31400TGP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    225263 | PA      | $228372.15    | 0.05%             | 2033-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased USD / Sold EUR                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-7123.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                         | HAH Group Holding Co. LLC                                                      | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44613.59     | 0.01%             | 2031-10-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| REALTY INCOME CORP                                               | Realty Income Corp.                                                            | CUSIP: 000000000<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    145000 | PA      | $169729.58    | 0.04%             | 2031-06-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Mortgage Securities Inc.                            | Bear Stearns Mortgage Securities, Inc.                                         | CUSIP: 073914TS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14130 | PA      | $8225.44      | 0.00%             | 2029-11-25      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments Inc                        | Structured Asset Mortgage Investments, Inc.                                    | CUSIP: 073914C27<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5571 | PA      | $62.86        | 0.00%             | 2030-05-02      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140MJ6Y6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5124752 | PA      | $4436400.47   | 1.04%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                 | CIFC Funding Ltd.                                                              | CUSIP: 12571KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1253048.75   | 0.30%             | 2035-04-21      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418EDD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2184630 | PA      | $1892714.10   | 0.45%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31387XT70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32088 | PA      | $33818.26     | 0.01%             | 2031-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                           | Sequoia Mortgage Trust                                                         | CUSIP: 81746TCD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    839201 | PA      | $694696.97    | 0.16%             | 2047-02-25      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                          | Bayer U.S. Finance II LLC                                                      | CUSIP: 07274NBF9<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $779438.92    | 0.18%             | 2044-07-15      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138ELAF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    549811 | PA      | $510491.71    | 0.12%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140QNE24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2600591 | PA      | $2061740.71   | 0.49%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| 1011778 BC Unlimited Liability Company                           | 1011778 BC Unlimited Liability Co.                                             | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |     51997 | PA      | $51683.02     | 0.01%             | 2030-09-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust                                                       | CUSIP: 46641YAP8<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |     85169 | PA      | $81722.27     | 0.02%             | 2029-06-25      | Variable      | 3.40%                 | Yes           |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                               | Voyager Parent LLC                                                             | CUSIP: 000000000<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |     81462 | PA      | $80501.90     | 0.02%             | 2032-05-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                             | SoFi Professional Loan Program LLC                                             | CUSIP: 83405NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1333587 | PA      | $1161026.67   | 0.27%             | 2047-02-15      | Fixed         | 1.14%                 | Yes           |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                                         | Boost Newco Borrower LLC                                                       | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |     51658 | PA      | $51683.91     | 0.01%             | 2031-01-31      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Bonds                                                            | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1645000 | PA      | $1638060.16   | 0.39%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31388WZE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10181 | PA      | $10512.30     | 0.00%             | 2031-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KUEHG CORP                                                       | KUEHG Corp.                                                                    | CUSIP: 50118YAG4<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |     16407 | PA      | $16391.98     | 0.00%             | 2030-06-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418D6B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8860210 | PA      | $7034485.17   | 1.66%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                            | Icahn Enterprises LP/Icahn Enterprises Finance Corp.                           | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $136000.50    | 0.03%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds          | Republic of South Africa Government International Bonds                        | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $199124.20    | 0.05%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                               | Voyager Parent LLC                                                             | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |     93000 | PA      | $96703.91     | 0.02%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                         | Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL            | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     69000 | PA      | $70976.51     | 0.02%             | 2029-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Arches Buyer Inc                                                 | Arches Buyer, Inc.                                                             | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |     37076 | PA      | $36577.43     | 0.01%             | 2027-12-06      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | Goldman Sachs Group, Inc.                                                      | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    600000 | PA      | $523861.12    | 0.12%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Octagon Credit Partners 46, LTD                                  | Octagon Investment Partners 46 Ltd.                                            | CUSIP: 67577VAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1125000 | PA      | $1126929.38   | 0.27%             | 2036-07-15      | Floating      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp.                                                          | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    590000 | PA      | $539263.92    | 0.13%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| MCAFEE LLC                                                       | McAfee LLC                                                                     | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |     10903 | PA      | $10521.05     | 0.00%             | 2029-03-01      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                                  | Allegro CLO X Ltd.                                                             | CUSIP: 01750FAS5<br>LEI: 254900MQVJ2U7KN3HP03 | Long             | ABS-CBDO         | CORP              | KY        |    830521 | PA      | $830807.42    | 0.20%             | 2032-04-20      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                           | Extra Space Storage LP                                                         | CUSIP: 30225VAQ0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |     70000 | PA      | $60813.44     | 0.01%             | 2031-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| PEER HOLDING III BV                                              | Peer Holding III BV                                                            | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |     98917 | PA      | $99349.28     | 0.02%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Potomac Energy Center, LLC                                       | Potomac Energy Center LLC                                                      | CUSIP: 73767TAB2<br>LEI: 549300BHYFK6M9HVNA29 | Long             | LON              | CORP              | US        |     27058 | PA      | $26990.81     | 0.01%             | 2032-03-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31389GST8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11320 | PA      | $11688.72     | 0.00%             | 2032-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased USD / Sold EUR                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-6266.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31412NJA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     46790 | PA      | $49069.73     | 0.01%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                             | Las Vegas Sands Corp.                                                          | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    425000 | PA      | $438347.70    | 0.10%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31329MUV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    409640 | PA      | $369890.99    | 0.09%             | 2043-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31404JKK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20446 | PA      | $20729.61     | 0.00%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Entergy Mississippi LLC                                          | Entergy Mississippi LLC                                                        | CUSIP: 29364NAU2<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487708.09    | 0.11%             | 2027-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                                 | Vista Point Securitization Trust                                               | CUSIP: 92841WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1426835 | PA      | $1428324.32   | 0.34%             | 2055-01-25      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31385JEL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36584 | PA      | $38226.76     | 0.01%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                     | MH Sub I LLC                                                                   | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     46592 | PA      | $43470.75     | 0.01%             | 2028-05-03      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31417AJK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    765302 | PA      | $719410.31    | 0.17%             | 2041-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36185BQJ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     30107 | PA      | $26829.83     | 0.01%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                                      | Rad CLO 4 Ltd.                                                                 | CUSIP: 749984AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    641552 | PA      | $641985.34    | 0.15%             | 2032-04-25      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418EGK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5099234 | PA      | $4885592.22   | 1.15%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                              | Altice Financing SA                                                            | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |     34000 | PA      | $25603.25     | 0.01%             | 2028-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                             | Paraguay Government International Bonds                                        | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    200000 | PA      | $181274.00    | 0.04%             | 2033-06-28      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| Luminent Mortgage Trust                                          | Luminent Mortgage Trust                                                        | CUSIP: 550279AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1096214 | PA      | $1055721.98   | 0.25%             | 2035-11-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| United Natural Foods Inc                                         | United Natural Foods, Inc.                                                     | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |     57327 | PA      | $57756.92     | 0.01%             | 2031-05-01      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                            | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1209000 | PA      | $1211266.88   | 0.29%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                    | ModivCare, Inc.                                                                | CUSIP: 60783LAC4<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |    189840 | PA      | $133837.12    | 0.03%             | 2031-07-01      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132A1BY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     91850 | PA      | $94608.27     | 0.02%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WQLY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39051 | PA      | $39538.18     | 0.01%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138WQRY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77681 | PA      | $73039.27     | 0.02%             | 2042-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133KN2Y8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4627748 | PA      | $3840361.77   | 0.90%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                           | Sequoia Mortgage Trust                                                         | CUSIP: 81746LCB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126144 | PA      | $123429.07    | 0.03%             | 2045-07-25      | Variable      | 3.73%                 | Yes           |                  2 | On Loan: No      |
| MajorDrive Holdings IV LLC                                       | MajorDrive Holdings IV LLC                                                     | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-06-01      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31406PHS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42996 | PA      | $44095.25     | 0.01%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                     | Ecopetrol SA                                                                   | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     40000 | PA      | $41245.92     | 0.01%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| JAZZ FINANCING LUX SARL                                          | Jazz Financing Lux SARL                                                        | CUSIP: 000000000<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |     49421 | PA      | $49590.92     | 0.01%             | 2028-05-05      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                            | Charter Communications Operating LLC                                           | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |     93864 | PA      | $93998.31     | 0.02%             | 2031-12-15      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138XCF31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    134543 | PA      | $128110.32    | 0.03%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402QVG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35011 | PA      | $36539.92     | 0.01%             | 2034-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Saxon Asset Securities Trust                                     | Saxon Asset Securities Trust                                                   | CUSIP: 805564PL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    168199 | PA      | $147637.09    | 0.03%             | 2035-03-25      | Floating      | 1.54%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                            | Venture Global Plaquemines LNG LLC                                             | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     45000 | PA      | $48712.05     | 0.01%             | 2035-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Costa Rica Government International Bonds                        | Costa Rica Government International Bonds                                      | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    200000 | PA      | $208556.00    | 0.05%             | 2034-04-03      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| Arbour CLO                                                       | Arbour CLO VII DAC                                                             | CUSIP: 000000000<br>LEI: 635400S59B1EE8UDJW07 | Long             | ABS-CBDO         | CORP              | IE        |   1350000 | PA      | $1586981.89   | 0.37%             | 2038-12-15      | Floating      | 4.03%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31410GUW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43532 | PA      | $44133.47     | 0.01%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                            | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2869000 | PA      | $2896345.16   | 0.68%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31405JUE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53586 | PA      | $55074.88     | 0.01%             | 2034-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Peraton Corp                                                     | Peraton Corp.                                                                  | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |     73183 | PA      | $64296.72     | 0.02%             | 2028-02-01      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3618N5A25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1204443 | PA      | $1153263.99   | 0.27%             | 2054-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS Health Corp.                                                               | CUSIP: 126650DZ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    233000 | PA      | $223023.19    | 0.05%             | 2053-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV                                           | Volkswagen International Finance NV                                            | CUSIP: 000000000<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $132624.74    | 0.03%             | 2032-09-06      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Eurex Deutschland                                                | Future                                                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -3 | NC      | $541.72       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TIAA CLO Ltd                                                     | TIAA CLO IV Ltd.                                                               | CUSIP: 88631YAL1<br>LEI: 5493000Q4E256SBMCY29 | Long             | ABS-CBDO         | CORP              | KY        |    749108 | PA      | $749482.26    | 0.18%             | 2032-01-20      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140MHSL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1352977 | PA      | $1072005.71   | 0.25%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                          | CUSIP: 01F030678<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5300000 | PA      | $4582990.72   | 1.08%             | 2054-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36183SX71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    546303 | PA      | $506610.47    | 0.12%             | 2046-03-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HEARTLAND DENTAL LLC                                             | Heartland Dental LLC                                                           | CUSIP: 42236WAW7<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |     26556 | PA      | $26551.37     | 0.01%             | 2028-04-28      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138AA3C3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    383312 | PA      | $381653.83    | 0.09%             | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31404NNS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9132 | PA      | $9397.77      | 0.00%             | 2034-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                   | 1261229 BC Ltd.                                                                | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    130000 | PA      | $131170.03    | 0.03%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| XEROX CORPORATION                                                | Xerox Corp.                                                                    | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130907.88    | 0.03%             | 2030-10-15      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36182NR39<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    507915 | PA      | $486131.07    | 0.11%             | 2035-03-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                    | EchoStar Corp.                                                                 | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22629.20     | 0.01%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | Future                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        50 | NC      | $44290.71     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                                    | Commonbond Student Loan Trust                                                  | CUSIP: 20268CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850290 | PA      | $778004.68    | 0.18%             | 2047-01-25      | Fixed         | 2.54%                 | Yes           |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                             | Michaels Cos., Inc.                                                            | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    106000 | PA      | $69430.00     | 0.02%             | 2029-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                                           | Galaxy Pipeline Assets Bidco Ltd.                                              | CUSIP: 36321PAD2<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    184288 | PA      | $163340.28    | 0.04%             | 2034-03-31      | Fixed         | 2.16%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                              | American Tower Corp.                                                           | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    435000 | PA      | $440537.82    | 0.10%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association, TBA                                  | CUSIP: 21H042679<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2200000 | PA      | $2105277.79   | 0.50%             | 2054-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WD5T9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     66015 | PA      | $67460.13     | 0.02%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                          | CUSIP: 01F022675<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4900000 | PA      | $4063630.12   | 0.96%             | 2055-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                              | Elevance Health, Inc.                                                          | CUSIP: 036752AZ6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    275000 | PA      | $281222.09    | 0.07%             | 2034-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416W7B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    199459 | PA      | $187665.48    | 0.04%             | 2040-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                          | CUSIP: 01F052672<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3300000 | PA      | $3299396.53   | 0.78%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                           | Sequoia Mortgage Trust                                                         | CUSIP: 81746MCC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20585 | PA      | $19503.13     | 0.00%             | 2030-11-25      | Variable      | 3.10%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36193PDW2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    177607 | PA      | $162438.74    | 0.04%             | 2046-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES INC                                        | Healthpeak Properties, Inc.                                                    | CUSIP: 42250UAF9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | LON              |  | US        |    280012 | PA      | $271611.70    | 0.06%             | 2029-03-01      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                             | Alpha Generation LLC                                                           | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |     91494 | PA      | $91379.61     | 0.02%             | 2031-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                      | Paychex, Inc.                                                                  | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    425000 | PA      | $436262.20    | 0.10%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WGHH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     34132 | PA      | $34683.15     | 0.01%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                               | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    320000 | PA      | $304493.13    | 0.07%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31388KT77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39573 | PA      | $41707.21     | 0.01%             | 2031-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TWITTER INC                                                      | Twitter, Inc.                                                                  | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     52528 | PA      | $51280.79     | 0.01%             | 2029-10-26      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                             | Michaels Cos., Inc.                                                            | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    396000 | PA      | $318713.12    | 0.08%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                           | PNC Financial Services Group, Inc.                                             | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    175000 | PA      | $195678.93    | 0.05%             | 2034-10-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                | Citigroup Mortgage Loan Trust, Inc.                                            | CUSIP: 17329PCL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1573835 | PA      | $1411292.63   | 0.33%             | 2051-05-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31329KQR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     52827 | PA      | $51749.33     | 0.01%             | 2032-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Cleanova US Holdings LLC                                         | Cleanova U.S. Holdings LLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     26875 | PA      | $25934.77     | 0.01%             | 2032-06-14      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                           | Romania Government International Bonds                                         | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    300000 | PA      | $257200.36    | 0.06%             | 2032-03-27      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31410FUZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38693 | PA      | $39775.25     | 0.01%             | 2036-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC/Charter Communications Operating Capital  | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1007224.51   | 0.24%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36182NRN5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    125283 | PA      | $118115.32    | 0.03%             | 2039-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                              | American Tower Corp.                                                           | CUSIP: 03027XBA7<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    430000 | PA      | $400596.67    | 0.09%             | 2030-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                              | American Express Co.                                                           | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    425000 | PA      | $440175.59    | 0.10%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VBE2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $788175.00    | 0.19%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140XNCS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    504646 | PA      | $418939.91    | 0.10%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WD7E0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    150740 | PA      | $152740.59    | 0.04%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WXD41<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10759 | PA      | $11109.37     | 0.00%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TWITTER INC                                                      | Twitter, Inc.                                                                  | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     43692 | PA      | $42446.87     | 0.01%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NAKED JUICE LLC                                                  | Naked Juice LLC                                                                | CUSIP: 62984CAN3<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |    245993 | PA      | $110696.80    | 0.03%             | 2030-01-24      | Floating      | 10.40%                | No            |                  2 | On Loan: No      |
| Dave & Buster's, Inc.                                            | Dave & Buster's, Inc.                                                          | CUSIP: 23833EAY0<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |     56764 | PA      | $54014.07     | 0.01%             | 2031-11-01      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                 | Federal National Mortgage Association Connecticut Avenue Securities Trust      | CUSIP: 30711XDK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    344183 | PA      | $352476.21    | 0.08%             | 2029-01-25      | Floating      | 8.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140J8RT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    146175 | PA      | $142098.96    | 0.03%             | 2047-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                 | CSC Holdings LLC                                                               | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    172000 | PA      | $85190.67     | 0.02%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                          | GLP Capital LP/GLP Financing II, Inc.                                          | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              |  | US        |    310000 | PA      | $313424.42    | 0.07%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138M8J46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55406 | PA      | $50167.34     | 0.01%             | 2042-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GUGGENHEIM PARTNERS LLC                                          | Guggenheim Partners LLC                                                        | CUSIP: 36173YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24862 | PA      | $24947.81     | 0.01%             | 2031-11-26      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138EGGZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    120352 | PA      | $119757.27    | 0.03%             | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                            | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22505000 | PA      | $22621041.41  | 5.33%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31404PQN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16366 | PA      | $16577.61     | 0.00%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS Health Corp.                                                               | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    305000 | PA      | $314527.62    | 0.07%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                     | CSMC Trust                                                                     | CUSIP: 12647MDV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    509589 | PA      | $460868.34    | 0.11%             | 2043-08-25      | Variable      | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Xerox Holdings Corp                                              | Xerox Holdings Corp.                                                           | CUSIP: 98415LAY2<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | LON              | CORP              | US        |     44664 | PA      | $42933.47     | 0.01%             | 2029-11-17      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                        | CIM Trust                                                                      | CUSIP: 12570GAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1389762 | PA      | $1382347.24   | 0.33%             | 2063-01-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| AI AQUA MERGER SUB INC                                           | AI Aqua Merger Sub, Inc.                                                       | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |     23985 | PA      | $23933.78     | 0.01%             | 2028-07-31      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                    | UBS Commercial Mortgage Trust                                                  | CUSIP: 90276EAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2666954.13   | 0.63%             | 2050-06-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| EFS Cogen Holdings I LLC                                         | EFS Cogen Holdings I LLC                                                       | CUSIP: 26844HAJ6<br>LEI: 549300KDKPYR8NXXKI52 | Long             | LON              | CORP              | US        |     43173 | PA      | $43269.71     | 0.01%             | 2031-10-03      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402QS93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18022 | PA      | $18525.91     | 0.00%             | 2034-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31391G3M6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    155782 | PA      | $163673.27    | 0.04%             | 2032-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Barracuda Networks Inc                                           | Barracuda Networks, Inc.                                                       | CUSIP: 06832FAB3<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |     27953 | PA      | $23038.27     | 0.01%             | 2029-08-15      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                                    | Vistra Operations Co. LLC                                                      | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |    100913 | PA      | $101109.64    | 0.02%             | 2030-12-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31400ENB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5919 | PA      | $6026.53      | 0.00%             | 2033-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36230LCT4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     42397 | PA      | $39630.77     | 0.01%             | 2040-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31413JPA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40199 | PA      | $42386.05     | 0.01%             | 2037-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Potomac Energy Center LLC                                        | Potomac Energy Center LLC                                                      | CUSIP: 000000000<br>LEI: 549300BHYFK6M9HVNA29 | Long             | LON              | CORP              | US        |     27959 | PA      | $27959.40     | 0.01%             | 2026-11-12      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3617AAXZ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    296181 | PA      | $282599.00    | 0.07%             | 2035-11-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                      | Asurion LLC                                                                    | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     34789 | PA      | $32211.30     | 0.01%             | 2029-01-20      | Floating      | 9.69%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3620AR3D1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    122765 | PA      | $116266.52    | 0.03%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418MUU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25563 | PA      | $26197.14     | 0.01%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Grifols Worldwide Operations USA Inc                             | Grifols Worldwide Operations USA, Inc.                                         | CUSIP: 39843PAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     65363 | PA      | $65129.88     | 0.02%             | 2027-11-15      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31413LTE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32639 | PA      | $34125.25     | 0.01%             | 2037-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140XLGK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    860216 | PA      | $824403.48    | 0.19%             | 2053-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Bonds                                                            | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13155000 | PA      | $13531150.78  | 3.19%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31406NMZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65212 | PA      | $66951.75     | 0.02%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                          | Zayo Group Holdings, Inc.                                                      | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    112804 | PA      | $107248.47    | 0.03%             | 2027-03-09      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31404EW44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50754 | PA      | $51066.51     | 0.01%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                                    | Commonbond Student Loan Trust                                                  | CUSIP: 20269DAA3<br>LEI: 5493005PJR3MYTKJFJ48 | Long             | ABS-O            | CORP              | US        |    402835 | PA      | $378926.96    | 0.09%             | 2044-02-25      | Fixed         | 3.21%                 | Yes           |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                             | Pilgrim's Pride Corp.                                                          | CUSIP: 72147KAH1<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1188129.89   | 0.28%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                          | CUSIP: 01F042673<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4750000 | PA      | $4542032.27   | 1.07%             | 2054-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                       | Progress Residential Trust                                                     | CUSIP: 74333PAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1525000 | PA      | $1401037.48   | 0.33%             | 2040-08-17      | Fixed         | 2.34%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36176MPD9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    120075 | PA      | $119184.49    | 0.03%             | 2031-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                                          | Great Canadian Gaming Corp./Raptor LLC                                         | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |     70000 | PA      | $68567.07     | 0.02%             | 2029-11-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416X6Q8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    270675 | PA      | $261393.92    | 0.06%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                          | VZ Secured Financing BV                                                        | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    535000 | PA      | $475798.18    | 0.11%             | 2032-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                                         | Virgin Media Bristol LLC                                                       | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |     95714 | PA      | $94278.45     | 0.02%             | 2028-01-31      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3620AKYQ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     67250 | PA      | $67544.53     | 0.02%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH FIELD LLC                                                  | South Field LLC                                                                | CUSIP: 83783XAE6<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |      1746 | PA      | $1752.29      | 0.00%             | 2031-08-29      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                                        | Gainwell Acquisition Corp.                                                     | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    110061 | PA      | $105383.34    | 0.02%             | 2027-10-01      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                   | Air Lease Corp.                                                                | CUSIP: 00914AAE2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1428267.45   | 0.34%             | 2029-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138AMVA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    119438 | PA      | $118294.99    | 0.03%             | 2041-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131XJ4V1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    238651 | PA      | $224290.51    | 0.05%             | 2042-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                          | CUSIP: 01F040677<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4550000 | PA      | $4229698.34   | 1.00%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRANS-ALLEGHENY INTERSTA                                         | Trans-Allegheny Interstate Line Co.                                            | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1078199.75   | 0.25%             | 2031-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CASTLE US HOLDING CORPORATION                                    | Castle U.S. Holding Corp.                                                      | CUSIP: 14852DAG6<br>LEI: 254900VXLMLPIE9ID612 | Long             | LON              | CORP              | US        |      3937 | PA      | $3937.18      | 0.00%             | 2030-04-29      | Floating      | 9.33%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                                  | Naked Juice LLC                                                                | CUSIP: 62984CAB9<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |     38193 | PA      | $8784.35      | 0.00%             | 2030-01-24      | Floating      | 10.40%                | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased USD / Sold EUR                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-15174.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association REMICS                                | CUSIP: 38381BZK3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    475000 | PA      | $425826.62    | 0.10%             | 2049-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418UEK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18536 | PA      | $18766.71     | 0.00%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31407YBK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1353 | PA      | $1396.12      | 0.00%             | 2035-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DWFF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3868195 | PA      | $3706542.87   | 0.87%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SHOWTIME ACQUISITION LLC                                         | Showtime Acquisition LLC                                                       | CUSIP: 82540EAC8<br>LEI: 54930002EOYTEFEJFW69 | Long             | LON              | CORP              | US        |     72410 | PA      | $72953.02     | 0.02%             | 2031-08-13      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley                                                                 | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    550000 | PA      | $564673.61    | 0.13%             | 2036-01-18      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131XLP50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    261774 | PA      | $236917.59    | 0.06%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | Wells Fargo & Co.                                                              | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3390000 | PA      | $3267085.55   | 0.77%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36200MJ61<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     20420 | PA      | $20570.39     | 0.00%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON TOOL INC                                                  | Oregon Tool, Inc.                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |     71385 | PA      | $57643.06     | 0.01%             | 2029-10-15      | Floating      | 8.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416XJM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116345 | PA      | $109538.79    | 0.03%             | 2041-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140XJQN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    394723 | PA      | $345071.41    | 0.08%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31385HQV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19053 | PA      | $20079.85     | 0.00%             | 2031-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT/ISSUER                                          | BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.                     | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66410.05     | 0.02%             | 2032-07-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                              | Starwood Mortgage Residential Trust                                            | CUSIP: 85573JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    633927 | PA      | $555003.74    | 0.13%             | 2056-06-25      | Variable      | 1.13%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138ELJN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    211780 | PA      | $204321.36    | 0.05%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                       | Intel Corp.                                                                    | CUSIP: 458140BW9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    224000 | PA      | $133166.68    | 0.03%             | 2051-08-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31404P6Y2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7488 | PA      | $7589.81      | 0.00%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416XSH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88877 | PA      | $83668.38     | 0.02%             | 2041-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | Goldman Sachs Group, Inc.                                                      | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92310.88     | 0.02%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                       | U.S. Bancorp                                                                   | CUSIP: 902973AZ9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    800000 | PA      | $799698.96    | 0.19%             | 2027-04-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131XJ4L3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    231060 | PA      | $209455.15    | 0.05%             | 2042-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DQTB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1206489 | PA      | $1123008.20   | 0.26%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31412LA42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64240 | PA      | $67368.99     | 0.02%             | 2037-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31406GYX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26383 | PA      | $27109.95     | 0.01%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31403MUP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17452 | PA      | $17814.31     | 0.00%             | 2033-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments Inc                        | Structured Asset Mortgage Investments, Inc.                                    | CUSIP: 073914C35<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3606 | PA      | $237.28       | 0.00%             | 2030-05-02      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140QKKC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2545532 | PA      | $2018915.18   | 0.48%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GC FERRY ACQUISITION I INC                                       | GC Ferry Acquisition I, Inc.                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     26211 | PA      | $25744.60     | 0.01%             | 2032-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | Future                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       433 | NC      | $345807.83    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dryden Senior Loan Fund                                          | Dryden 45 Senior Loan Fund                                                     | CUSIP: 26244MBA9<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1099970.30   | 0.26%             | 2030-10-15      | Floating      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| CCRR Parent Inc                                                  | CCRR Parent, Inc.                                                              | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     18567 | PA      | $7519.71      | 0.00%             | 2028-03-06      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Shellpoint Co-Originator Trust                                   | Shellpoint Co-Originator Trust                                                 | CUSIP: 82280RCE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1118928 | PA      | $851781.18    | 0.20%             | 2047-04-25      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36296FU68<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     82235 | PA      | $85210.67     | 0.02%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UFC HOLDINGS LLC                                                 | UFC Holdings LLC                                                               | CUSIP: 90266UAK9<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |     26309 | PA      | $26394.77     | 0.01%             | 2031-11-21      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                            | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40715000 | PA      | $40864500.59  | 9.62%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                       | Intel Corp.                                                                    | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    450000 | PA      | $318113.67    | 0.07%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133KYVK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1403624 | PA      | $1197266.42   | 0.28%             | 2041-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                            | Foundry JV Holdco LLC                                                          | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76908.48     | 0.02%             | 2031-01-25      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc                     | BAMLL Commercial Mortgage Securities Trust                                     | CUSIP: 05525MAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1209478.10   | 0.28%             | 2046-08-15      | Variable      | 4.33%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp.                                                          | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2410000 | PA      | $2255451.59   | 0.53%             | 2030-10-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                                     | AGL CLO 12 Ltd.                                                                | CUSIP: 00120BAE0<br>LEI: 54930005OE1IFBESDA27 | Long             | ABS-CBDO         | CORP              | KY        |    875000 | PA      | $877403.63    | 0.21%             | 2034-07-20      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| DTI HOLDCO INC                                                   | DTI Holdco, Inc.                                                               | CUSIP: 23358EAK5<br>LEI: 549300QQVMUL3P8XVJ27 | Long             | LON              | CORP              | US        |     27569 | PA      | $27206.69     | 0.01%             | 2029-04-26      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WQQP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    236118 | PA      | $228241.90    | 0.05%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                              | Altice Financing SA                                                            | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |     66000 | PA      | $48386.81     | 0.01%             | 2029-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LLC                                  | Cologix Data Centers U.S. Issuer LLC                                           | CUSIP: 19521UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1035000 | PA      | $1001449.75   | 0.24%             | 2051-12-26      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WKVP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20563 | PA      | $21671.39     | 0.01%             | 2037-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31405SEQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24008 | PA      | $24335.44     | 0.01%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP LLC                                         | Great Outdoors Group LLC                                                       | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2032-01-23      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Regatta 32 Funding Ltd.                                          | Regatta 32 Funding Ltd.                                                        | CUSIP: 75884AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1103663.00   | 0.26%             | 2038-07-25      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31414QAB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47839 | PA      | $48171.70     | 0.01%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Element Materials Technology Group US Holdings Inc               | Element Materials Technology Group U.S. Holdings, Inc.                         | CUSIP: 000000000<br>LEI: 213800EGOJGGUKUGEZ30 | Long             | LON              | CORP              | US        |     30651 | PA      | $30708.49     | 0.01%             | 2029-07-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36179QWF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     36311 | PA      | $34494.72     | 0.01%             | 2044-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                                              | Artera Services LLC                                                            | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |     65000 | PA      | $54134.94     | 0.01%             | 2031-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36180AB85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2204429 | PA      | $2110759.23   | 0.50%             | 2054-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                       | Grifols SA                                                                     | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    328000 | PA      | $402643.72    | 0.09%             | 2030-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Time Warner Cable LLC                                            | Time Warner Cable LLC                                                          | CUSIP: 88732JBB3<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    375000 | PA      | $341201.31    | 0.08%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE TOWERS LLC                                          | Crown Castle Towers LLC                                                        | CUSIP: 22822RBH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $613712.31    | 0.14%             | 2028-07-15      | Fixed         | 4.24%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31389VR58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9144 | PA      | $9441.22      | 0.00%             | 2032-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31391EEQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    100226 | PA      | $102238.60    | 0.02%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                           | Rockford Tower CLO Ltd.                                                        | CUSIP: 77341GAS9<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |   1020378 | PA      | $1021071.69   | 0.24%             | 2032-08-20      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31404RYN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5675 | PA      | $5754.92      | 0.00%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMSPEC PARENT LLC                                                | Amspec Parent LLC                                                              | CUSIP: 03218AAC3<br>LEI: 254900LUGRP5Z7OOV477 | Long             | LON              | CORP              | US        |      2603 | PA      | $2605.91      | 0.00%             | 2031-12-22      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                                     | WinWater Mortgage Loan Trust                                                   | CUSIP: 97651LCD1<br>LEI: 549300PWVP7DMQC42S40 | Long             | ABS-MBS          | CORP              | US        |   1028748 | PA      | $965665.21    | 0.23%             | 2045-06-20      | Variable      | 3.70%                 | Yes           |                  2 | On Loan: No      |
| Home Partners of America Trust                                   | Home Partners of America Trust                                                 | CUSIP: 437300AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1527012 | PA      | $1354781.44   | 0.32%             | 2041-09-17      | Fixed         | 1.70%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36183QXM2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    315296 | PA      | $280980.07    | 0.07%             | 2045-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust                                                       | CUSIP: 46647EBC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125436 | PA      | $120495.59    | 0.03%             | 2046-10-25      | Variable      | 3.31%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31390KUM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6475 | PA      | $6685.30      | 0.00%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SEVERN TRENT WATER UTIL                                          | Severn Trent Utilities Finance PLC                                             | CUSIP: 000000000<br>LEI: 213800KY9PT6WBH33232 | Long             | DBT              | CORP              | GB        |    180000 | PA      | $215916.15    | 0.05%             | 2034-03-05      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Lockheed Martin Corp                                             | Lockheed Martin Corp.                                                          | CUSIP: 539830BK4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    110000 | PA      | $105784.34    | 0.02%             | 2036-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                         | OBX Trust                                                                      | CUSIP: 67448DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1791334 | PA      | $1698851.07   | 0.40%             | 2062-01-25      | Variable      | 2.98%                 | Yes           |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                 | Getty Images, Inc.                                                             | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     16832 | PA      | $16705.76     | 0.00%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402RUW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18849 | PA      | $19446.04     | 0.00%             | 2035-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36179XHY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2088757 | PA      | $2016806.18   | 0.47%             | 2052-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WRR98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    205572 | PA      | $203900.33    | 0.05%             | 2041-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31390TKA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36740 | PA      | $37935.79     | 0.01%             | 2032-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418EB90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2332074 | PA      | $1939770.68   | 0.46%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                        | IQVIA, Inc.                                                                    | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    825000 | PA      | $845587.88    | 0.20%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Sinai Health System                                              | Sinai Health System                                                            | CUSIP: 82922TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    975000 | PA      | $919031.84    | 0.22%             | 2036-01-20      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31411DQK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4672 | PA      | $4884.45      | 0.00%             | 2036-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                                              | Calpine Corp.                                                                  | CUSIP: 13134MBW2<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |    107688 | PA      | $107628.96    | 0.03%             | 2031-01-31      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                | Citigroup Mortgage Loan Trust, Inc.                                            | CUSIP: 17326QAA1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |     49400 | PA      | $48467.87     | 0.01%             | 2064-09-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                          | Oncor Electric Delivery Co. LLC                                                | CUSIP: 68233JCZ5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    635000 | PA      | $646970.65    | 0.15%             | 2035-04-01      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WNQA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    180071 | PA      | $182316.89    | 0.04%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131XGLD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    105147 | PA      | $103745.56    | 0.02%             | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402YGR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62756 | PA      | $63489.40     | 0.01%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140QMZK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2111348 | PA      | $1830112.65   | 0.43%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HPS Loan Management Ltd                                          | HPS Loan Management Ltd.                                                       | CUSIP: 40440XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1152990.00   | 0.27%             | 2035-01-23      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                                                     | ARES XXVII CLO Ltd.                                                            | CUSIP: 00190YBR5<br>LEI: 549300BC3E2Y44TL8536 | Long             | ABS-CBDO         | CORP              | KY        |   1080000 | PA      | $1081734.48   | 0.25%             | 2034-10-28      | Floating      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3620AX6F0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     84716 | PA      | $82937.12     | 0.02%             | 2040-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                  | ABG Intermediate Holdings 2 LLC                                                | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     45458 | PA      | $45373.27     | 0.01%             | 2028-12-21      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley                                                                 | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17851.46     | 0.00%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138ADV44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    174991 | PA      | $177174.09    | 0.04%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                            | Panama Government International Bonds                                          | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    250000 | PA      | $190418.70    | 0.04%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140MGLD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1017124 | PA      | $805424.08    | 0.19%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                 | GGAM Finance Ltd.                                                              | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    126000 | PA      | $133380.32    | 0.03%             | 2028-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131XJHQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    284438 | PA      | $267322.17    | 0.06%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Deerfield Dakota Holding LLC                                     | Deerfield Dakota Holding LLC                                                   | CUSIP: 24440EAB3<br>LEI: 549300FDREJLOIGXY104 | Long             | LON              | CORP              | US        |     76115 | PA      | $73831.34     | 0.02%             | 2027-04-09      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138W0VH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    205068 | PA      | $192772.24    | 0.05%             | 2043-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4641516 | PA      | $4324244.89   | 1.02%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust                        | Santander Consumer Auto Receivables Trust                                      | CUSIP: 80282YAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1488673.95   | 0.35%             | 2027-01-15      | Fixed         | 1.57%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416B2Z0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59014 | PA      | $59405.51     | 0.01%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31406FAR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29501 | PA      | $30331.57     | 0.01%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Avolon TLB Borrower 1 (US) LLC                                   | Avolon TLB Borrower 1 U.S. LLC                                                 | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |    224568 | PA      | $224726.11    | 0.05%             | 2030-06-24      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                           | AmeriGas Partners LP/AmeriGas Finance Corp.                                    | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    118000 | PA      | $122403.64    | 0.03%             | 2030-06-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| TransDigm Inc                                                    | TransDigm, Inc.                                                                | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     37198 | PA      | $37240.32     | 0.01%             | 2031-02-28      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                                   | Barings CLO Ltd.                                                               | CUSIP: 06760XAL8<br>LEI: 549300JWUNSCHZHF6H67 | Long             | ABS-CBDO         | CORP              | KY        |    869997 | PA      | $870008.67    | 0.20%             | 2030-10-15      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN ASSETS TRUST LP                                         | American Assets Trust LP                                                       | CUSIP: 02401LAB0<br>LEI: 549300V1TI0SMG9Z6U69 | Long             | DBT              |  | US        |    250000 | PA      | $249820.72    | 0.06%             | 2034-10-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                  | CVS Health Corp.                                                               | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    925000 | PA      | $799908.85    | 0.19%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust                                                       | CUSIP: 46648HBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2410431 | PA      | $2218462.83   | 0.52%             | 2047-05-25      | Variable      | 3.64%                 | Yes           |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                          | Flagstar Mortgage Trust                                                        | CUSIP: 33851GAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1741982 | PA      | $1562001.04   | 0.37%             | 2051-08-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36296TRA3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     96840 | PA      | $100002.17    | 0.02%             | 2038-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31414CJF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22440 | PA      | $22783.06     | 0.01%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDGEWATER GENERATION LLC                                         | Edgewater Generation LLC                                                       | CUSIP: 28031FAM2<br>LEI: 5493004PLDT1L28SWG83 | Long             | LON              | CORP              | US        |     22059 | PA      | $22128.35     | 0.01%             | 2030-08-01      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                   | Opal Bidco SAS                                                                 | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |     20000 | PA      | $20414.90     | 0.00%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| KEDRION SPA                                                      | Kedrion SpA                                                                    | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |    305000 | PA      | $291823.87    | 0.07%             | 2029-09-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Securities Trust                       | Bear Stearns Asset-Backed Securities Trust                                     | CUSIP: 07384YPX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    273319 | PA      | $277163.61    | 0.07%             | 2034-02-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                    | JPMCC Commercial Mortgage Securities Trust                                     | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $984180.60    | 0.23%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416BRY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17419 | PA      | $17619.01     | 0.00%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                           | AmeriGas Partners LP/AmeriGas Finance Corp.                                    | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    106000 | PA      | $109058.84    | 0.03%             | 2028-06-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| FISERV FUNDING UNLTD CO                                          | Fiserv Funding ULC                                                             | CUSIP: 000000000<br>LEI: 254900RNWK5SE9A0I712 | Long             | DBT              | CORP              | IE        |    260000 | PA      | $304290.14    | 0.07%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                          | Grand Canyon University                                                        | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $67309.79     | 0.02%             | 2028-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418EV80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    931236 | PA      | $932582.65    | 0.22%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                             | Alpha Generation LLC                                                           | CUSIP: 000000000<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |     91494 | PA      | $91303.67     | 0.02%             | 2031-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                      | PRKCM Trust                                                                    | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    927583 | PA      | $821241.24    | 0.19%             | 2056-11-25      | Variable      | 2.07%                 | Yes           |                  2 | On Loan: No      |
| PUG LLC                                                          | PUG LLC                                                                        | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |     24375 | PA      | $23552.75     | 0.01%             | 2030-03-15      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                | HSBC Holdings PLC                                                              | CUSIP: 404280CK3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1155000 | PA      | $1025352.68   | 0.24%             | 2031-08-18      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DWER0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3085159 | PA      | $2874270.80   | 0.68%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Red Ventures LLC                                                 | Red Ventures LLC                                                               | CUSIP: 75703UAL9<br>LEI: 9845004G68FBD7FP1585 | Long             | LON              | CORP              | US        |     50618 | PA      | $42709.01     | 0.01%             | 2030-03-04      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                                             | Niagara Mohawk Power Corp.                                                     | CUSIP: 65364UAH9<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |    490000 | PA      | $455199.30    | 0.11%             | 2034-10-01      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                                      | FIGRE Trust                                                                    | CUSIP: 31684LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1560000 | PA      | $1570092.58   | 0.37%             | 2055-05-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131XGLC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     92014 | PA      | $91710.51     | 0.02%             | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WFSC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     33218 | PA      | $33726.80     | 0.01%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                       | Humana, Inc.                                                                   | CUSIP: 444859CD2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    645000 | PA      | $648526.38    | 0.15%             | 2035-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WRGC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    154135 | PA      | $153373.43    | 0.04%             | 2041-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31390REE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11925 | PA      | $12567.69     | 0.00%             | 2032-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36183QZB4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     28550 | PA      | $25473.57     | 0.01%             | 2045-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416SKH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42586 | PA      | $43117.37     | 0.01%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DK CROWN HOLDINGS INC                                            | DK Crown Holdings, Inc.                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     29625 | PA      | $29523.17     | 0.01%             | 2032-03-04      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| HDI Aerospace Intermediate Holding III Corporation               | HDI Aerospace Intermediate Holding III Corp.                                   | CUSIP: 40415WAB0<br>LEI: 254900LKRYAGKIYOHW04 | Long             | LON              | CORP              | US        |     50000 | PA      | $50000.00     | 0.01%             | 2032-02-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402CQT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29650 | PA      | $30690.57     | 0.01%             | 2033-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                        | IQVIA, Inc.                                                                    | CUSIP: 44969CBP4<br>LEI: 549300PLWY28YB00C717 | Long             | LON              | CORP              | US        |     78280 | PA      | $78525.01     | 0.02%             | 2031-01-02      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Mellon Residential Funding Corporation                           | Mellon Residential Funding Corp. Mortgage Pass-Through Trust                   | CUSIP: 585525BJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       737 | PA      | $730.12       | 0.00%             | 2028-06-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WQRU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     31055 | PA      | $30978.41     | 0.01%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WN6F6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     57438 | PA      | $58154.26     | 0.01%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                                             | JetBlue Pass-Through Trust                                                     | CUSIP: 477164AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    606759 | PA      | $567976.14    | 0.13%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132A3SL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     94037 | PA      | $93485.34     | 0.02%             | 2041-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31403RRX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1617 | PA      | $1617.29      | 0.00%             | 2034-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                                         | Teachers Insurance & Annuity Association of America                            | CUSIP: 878091BF3<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $1726650.35   | 0.41%             | 2047-05-15      | Fixed         | 4.27%                 | Yes           |                  2 | On Loan: No      |
| Progress Residential Trust                                       | Progress Residential Trust                                                     | CUSIP: 74333TAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1942314.80   | 0.46%             | 2038-10-17      | Fixed         | 3.18%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138E2JY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    152638 | PA      | $143453.57    | 0.03%             | 2041-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup, Inc.                                                                | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    215000 | PA      | $187957.08    | 0.04%             | 2032-11-03      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31387BRK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9473 | PA      | $9473.52      | 0.00%             | 2031-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138EG4C5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    110270 | PA      | $106523.88    | 0.03%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VISA INC                                                         | Visa, Inc.                                                                     | CUSIP: 000000000<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    130000 | PA      | $152173.61    | 0.04%             | 2044-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                                    | GS Mortgage-Backed Securities Trust                                            | CUSIP: 36250BAT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2110021 | PA      | $2063371.78   | 0.49%             | 2044-07-25      | Variable      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140XPBW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1956251 | PA      | $1921465.13   | 0.45%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                                  | McDonald's Corp.                                                               | CUSIP: 58013MGA6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    645000 | PA      | $643840.48    | 0.15%             | 2035-03-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                       | Navient Private Education Refi Loan Trust                                      | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    975688 | PA      | $886903.39    | 0.21%             | 2069-07-15      | Fixed         | 0.94%                 | Yes           |                  2 | On Loan: No      |
| NAKED JUICE LLC                                                  | Naked Juice LLC                                                                | CUSIP: 62984CAK9<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |    226592 | PA      | $224325.95    | 0.05%             | 2029-01-24      | Floating      | 9.80%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                   | Open Text Corp.                                                                | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $87994.55     | 0.02%             | 2027-12-01      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| FRTKL                                                            | FRTKL Group, Inc.                                                              | CUSIP: 30322DAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1169919.63   | 0.28%             | 2038-09-17      | Fixed         | 4.11%                 | Yes           |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                         | Ferrellgas LP/Ferrellgas Finance Corp.                                         | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    362000 | PA      | $335105.32    | 0.08%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Advantage Sales & Marketing Inc                                  | Advantage Sales & Marketing, Inc.                                              | CUSIP: 00769EBA7<br>LEI: 549300T4O24KQDED1182 | Long             | LON              | CORP              | US        |     51557 | PA      | $42869.89     | 0.01%             | 2027-10-28      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31389UHE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3189 | PA      | $3360.60      | 0.00%             | 2032-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                           | Sequoia Mortgage Trust                                                         | CUSIP: 81745EAF6<br>LEI: 549300EU86QZR1NB5U93 | Long             | ABS-MBS          | CORP              | US        |    441116 | PA      | $343199.00    | 0.08%             | 2043-06-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                                         | Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $276863.70    | 0.07%             | 2028-03-20      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                         | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1500000 | PA      | $1425564.24   | 0.34%             | 2027-11-18      | Fixed         | 2.53%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DPFF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3205921 | PA      | $2994536.29   | 0.71%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                                        | Bausch & Lomb Corp.                                                            | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |     56177 | PA      | $56059.74     | 0.01%             | 2028-09-29      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                    | UBS Commercial Mortgage Trust                                                  | CUSIP: 90276WAV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1505000 | PA      | $1451786.66   | 0.34%             | 2050-12-15      | Variable      | 4.06%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                          | Global Partners LP/GLP Finance Corp.                                           | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $21028.42     | 0.00%             | 2032-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                         | Hudson Pacific Properties LP                                                   | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |      2000 | PA      | $1796.44      | 0.00%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CELSIUS HOLDINGS INC                                             | Celsius Holdings, Inc.                                                         | CUSIP: 15118XAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     43736 | PA      | $43927.29     | 0.01%             | 2032-04-01      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| Chemours Company (The)                                           | Chemours Co.                                                                   | CUSIP: 16384YAJ6<br>LEI: 549300M1BOLNXL8DOV14 | Long             | LON              | CORP              | US        |     47415 | PA      | $47296.60     | 0.01%             | 2028-08-18      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31412QFR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    142141 | PA      | $141233.96    | 0.03%             | 2035-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                 | AmWINS Group, Inc.                                                             | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |     52072 | PA      | $52085.45     | 0.01%             | 2032-01-30      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                     | Centene Corp.                                                                  | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    220000 | PA      | $189339.74    | 0.04%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                         | Volkswagen Group of America Finance LLC                                        | CUSIP: 928668CS9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100758.12    | 0.02%             | 2035-03-27      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust                                                       | CUSIP: 46645GBB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1375000 | PA      | $937524.09    | 0.22%             | 2045-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3617AAX33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    528698 | PA      | $504908.65    | 0.12%             | 2036-01-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                           | Rockford Tower CLO Ltd.                                                        | CUSIP: 77341LAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $451976.85    | 0.11%             | 2034-07-20      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| PIEDMONT NATURAL GAS CO                                          | Piedmont Natural Gas Co., Inc.                                                 | CUSIP: 720186AM7<br>LEI: VXB4M3BDPKF3I2AZ3G89 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $941551.88    | 0.22%             | 2050-06-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31390TUC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10179 | PA      | $10510.04     | 0.00%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402CN73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22353 | PA      | $22824.05     | 0.01%             | 2033-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association, TBA                                  | CUSIP: 21H040673<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2650000 | PA      | $2463361.32   | 0.58%             | 2054-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                       | Navient Private Education Refi Loan Trust                                      | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    379110 | PA      | $356196.21    | 0.08%             | 2069-01-15      | Fixed         | 1.31%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                              | Altice Financing SA                                                            | CUSIP: 02154CAJ2<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |     50000 | PA      | $43000.00     | 0.01%             | 2027-07-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES INC                                        | Healthpeak Properties, Inc.                                                    | CUSIP: 42250UAD4<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | LON              |  | US        |    138742 | PA      | $136314.39    | 0.03%             | 2027-08-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| GCAT                                                             | GCAT Trust                                                                     | CUSIP: 367919AB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    733436 | PA      | $728937.52    | 0.17%             | 2054-12-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| MODIVCARE INC                                                    | Modivcare, Inc.                                                                | CUSIP: 60783LAD2<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |     73690 | PA      | $56004.63     | 0.01%             | 2026-01-09      | Floating      | 11.71%                | No            |                  2 | On Loan: No      |
| Chase Funding Mortgage Loan Asset-Backed CTFS                    | Chase Funding Trust                                                            | CUSIP: 161546DB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80096 | PA      | $79059.65     | 0.02%             | 2032-08-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| NGPL PIPECO LLC                                                  | NGPL PipeCo LLC                                                                | CUSIP: 62928CAA0<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $890687.89    | 0.21%             | 2031-07-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                  | CVS Health Corp.                                                               | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82586.35     | 0.02%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31403V4Q9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35392 | PA      | $36296.34     | 0.01%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TripAdvisor Inc                                                  | TripAdvisor, Inc.                                                              | CUSIP: 89677NAE4<br>LEI: 549300XVG45PT5BART17 | Long             | LON              | CORP              | US        |     41257 | PA      | $40740.83     | 0.01%             | 2031-07-08      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased USD / Sold EUR                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-148747.75   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132A4UT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16199 | PA      | $16427.07     | 0.00%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31389GSP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24974 | PA      | $25786.71     | 0.01%             | 2032-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                           | PNC Financial Services Group, Inc.                                             | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10389.42     | 0.00%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3618N5AZ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2288981 | PA      | $2129047.10   | 0.50%             | 2054-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36241LS23<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15347 | PA      | $14637.57     | 0.00%             | 2041-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co.                                                           | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    210000 | PA      | $216150.02    | 0.05%             | 2036-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Money Management Corporation                            | AMMC CLO 28 Ltd.                                                               | CUSIP: 03166HAA4<br>LEI: 254900FC26PFUHBI9J88 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002590.00   | 0.24%             | 2037-07-20      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co.                                                           | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    145000 | PA      | $127627.15    | 0.03%             | 2032-11-08      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31419BBF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    163541 | PA      | $153888.70    | 0.04%             | 2041-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                              | Starwood Mortgage Residential Trust                                            | CUSIP: 85573RAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1122512 | PA      | $993824.65    | 0.23%             | 2066-11-25      | Variable      | 1.92%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VBD4<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $589400.00    | 0.14%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                         | Florida Power & Light Co.                                                      | CUSIP: 341081GY7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    915000 | PA      | $926879.88    | 0.22%             | 2055-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                | Future                                                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -6 | NC      | $5344.37      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer US Finance II LLC                                          | Bayer U.S. Finance II LLC                                                      | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1168808.43   | 0.28%             | 2028-12-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Pelican Products Inc                                             | Pelican Products, Inc.                                                         | CUSIP: 70468BAC7<br>LEI: 5493008CRWH2WFODTF44 | Long             | LON              | CORP              | US        |     59509 | PA      | $52069.95     | 0.01%             | 2028-12-29      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31391GJD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28059 | PA      | $28972.26     | 0.01%             | 2032-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                         | Hudson Pacific Properties LP                                                   | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    542000 | PA      | $443412.10    | 0.10%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31407DSV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3093 | PA      | $3160.47      | 0.00%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31391NDU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6411 | PA      | $6547.22      | 0.00%             | 2032-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31406BZG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4878 | PA      | $4957.58      | 0.00%             | 2034-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                         | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    185000 | PA      | $137593.75    | 0.03%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                 | CSC Holdings LLC                                                               | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    529000 | PA      | $430127.52    | 0.10%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Hudson Yards                                                     | Hudson Yards Mortgage Trust                                                    | CUSIP: 44855PAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    430000 | PA      | $442747.39    | 0.10%             | 2040-01-13      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                         | Cloud Software Group, Inc.                                                     | CUSIP: 88632NBF6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |     40440 | PA      | $40452.90     | 0.01%             | 2029-03-29      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31403RR34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27478 | PA      | $28123.45     | 0.01%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                     | Hudson Yards Mortgage Trust                                                    | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    430000 | PA      | $443197.04    | 0.10%             | 2040-01-13      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Cast and Crew Payroll LLC                                        | Cast & Crew Payroll LLC                                                        | CUSIP: 14835JAQ3<br>LEI: 549300XE7OZGFGN5F466 | Long             | LON              | CORP              | US        |     21128 | PA      | $19913.22     | 0.00%             | 2028-12-29      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                            | Uber Technologies, Inc.                                                        | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    445000 | PA      | $436892.81    | 0.10%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DWCN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4517749 | PA      | $3586828.60   | 0.84%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WQXU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    226006 | PA      | $217137.91    | 0.05%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE GAS PIPELINE                                           | Tennessee Gas Pipeline Co. LLC                                                 | CUSIP: 880451AW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1746862.31   | 0.41%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WQW94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    191070 | PA      | $184558.30    | 0.04%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140MGKG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2141559 | PA      | $1782916.44   | 0.42%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418MUN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    139989 | PA      | $141762.90    | 0.03%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31405JKZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1810 | PA      | $1869.21      | 0.00%             | 2034-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                            | Icahn Enterprises LP/Icahn Enterprises Finance Corp.                           | CUSIP: 451102CJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    211000 | PA      | $197693.22    | 0.05%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CRSNT Trust                                                      | CRSNT Trust                                                                    | CUSIP: 22877LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1070000 | PA      | $1056625.00   | 0.25%             | 2036-04-15      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132A1VU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     59390 | PA      | $62806.14     | 0.01%             | 2036-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd                                              | WEC U.S. Holdings Ltd.                                                         | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |     40955 | PA      | $40952.39     | 0.01%             | 2031-01-27      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| BCPE EMPIRE HOLDINGS INC                                         | BCPE Empire Holdings, Inc.                                                     | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |     38113 | PA      | $37858.79     | 0.01%             | 2030-12-11      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | Wells Fargo & Co.                                                              | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170026.51    | 0.04%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                         | Hudson Pacific Properties LP                                                   | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |     15000 | PA      | $14624.68     | 0.00%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                         | Transocean Titan Financing Ltd.                                                | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     25333 | PA      | $25819.50     | 0.01%             | 2028-02-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                            | Wells Fargo & Co.                                                              | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    715000 | PA      | $668203.71    | 0.16%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                           | VICI Properties LP/VICI Note Co., Inc.                                         | CUSIP: 92564RAL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    665000 | PA      | $643181.39    | 0.15%             | 2029-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3620ARSK8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    290535 | PA      | $276381.74    | 0.07%             | 2040-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust                                    | Commonbond Student Loan Trust                                                  | CUSIP: 20267VAD9<br>LEI: 549300LRCNJYVPZRKK63 | Long             | ABS-O            | CORP              | US        |     18377 | PA      | $17550.50     | 0.00%             | 2041-05-25      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| TruGreen Limited Partnership                                     | TruGreen LP                                                                    | CUSIP: 89787RAH5<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |    242386 | PA      | $228448.59    | 0.05%             | 2027-11-02      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WG6B0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60325 | PA      | $62046.37     | 0.01%             | 2035-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                             | Fortrea Holdings, Inc.                                                         | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45258.77     | 0.01%             | 2030-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real Estate Trust                        | FARM 21-1 Mortgage Trust                                                       | CUSIP: 30768WAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1357870 | PA      | $1100324.48   | 0.26%             | 2051-01-25      | Variable      | 2.18%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Inflation-Indexed Notes                                          | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4883802 | PA      | $4968416.90   | 1.17%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| EXP-IMP IMB                                                      | Export-Import Bank of the U.S.                                                 | CUSIP: 302155BB1<br>LEI: 549300NMMHVYCBECJ059 | Long             | DBT              | USGA              | US        |      5238 | PA      | $5205.82      | 0.00%             | 2025-12-10      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                           | UnitedHealth Group, Inc.                                                       | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    425000 | PA      | $429470.39    | 0.10%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 31329H5X5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9351 | PA      | $9680.72      | 0.00%             | 2032-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased USD / Sold EUR                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-134.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                     | Centene Corp.                                                                  | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    757000 | PA      | $675209.33    | 0.16%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BALCAN INNOVATIONS INC                                           | Balcan Innovations, Inc.                                                       | CUSIP: 000000000<br>LEI: 549300C2CLNRVCUDIH93 | Long             | LON              | CORP              | CA        |     37096 | PA      | $33757.78     | 0.01%             | 2031-10-18      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31389K5S6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34926 | PA      | $36062.80     | 0.01%             | 2032-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co. JSC                                     | KazMunayGas National Co. JSC                                                   | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    300000 | PA      | $301986.26    | 0.07%             | 2030-04-24      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36209RYC1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     81800 | PA      | $77871.22     | 0.02%             | 2041-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140QMVD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2198773 | PA      | $1845880.72   | 0.43%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased USD / Sold EUR                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-5488.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED UTILITIES WAT FIN                                         | United Utilities Water Finance PLC                                             | CUSIP: 000000000<br>LEI: 213800313INX42GDLR44 | Long             | DBT              | CORP              | GB        |    175000 | PA      | $205435.96    | 0.05%             | 2034-05-23      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133KPB80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1640618 | PA      | $1367459.05   | 0.32%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                           | Hungary Government International Bonds                                         | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    250000 | PA      | $207711.30    | 0.05%             | 2031-09-22      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                             | Pilgrim's Pride Corp.                                                          | CUSIP: 72147KAL2<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    165000 | PA      | $180593.49    | 0.04%             | 2034-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co.                                                           | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    910000 | PA      | $877894.90    | 0.21%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Primo Brands Corporation                                         | Primo Brands Corp.                                                             | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |     11358 | PA      | $11393.94     | 0.00%             | 2028-03-31      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131XLGZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    114024 | PA      | $103031.13    | 0.02%             | 2043-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                        | Towd Point Mortgage Trust                                                      | CUSIP: 89175TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1362829 | PA      | $1289571.83   | 0.30%             | 2058-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| OREGON TOOL LUX LP                                               | Oregon Tool Lux LP                                                             | CUSIP: 68610BAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     68024 | PA      | $39538.27     | 0.01%             | 2029-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| RESEARCH NOW GROUP INC                                           | Research Now Group, Inc.                                                       | CUSIP: 76100MAB6<br>LEI: 549300XTHJNIVC5Q8K50 | Long             | LON              | CORP              | US        |     15293 | PA      | $15216.07     | 0.00%             | 2028-07-15      | Floating      | 9.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                              | Federal Home Loan Mortgage Corp. STACR Debt Notes                              | CUSIP: 3137G0NY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    208900 | PA      | $208035.01    | 0.05%             | 2029-10-25      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Castle US Holding Corporation                                    | Castle U.S. Holding Corp.                                                      | CUSIP: 14852DAJ0<br>LEI: 254900VXLMLPIE9ID612 | Long             | LON              | CORP              | US        |     26275 | PA      | $14017.86     | 0.00%             | 2030-05-31      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                         | Snap, Inc.                                                                     | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133337.36    | 0.03%             | 2033-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31390NPW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3252 | PA      | $3427.23      | 0.00%             | 2032-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Consolidated Communications LLC, Fidium Fiber Finance Holdco LLC | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC                | CUSIP: 209031AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385000 | PA      | $396945.55    | 0.09%             | 2055-05-20      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WE2S2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     57296 | PA      | $58867.02     | 0.01%             | 2034-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                       | Navient Private Education Refi Loan Trust                                      | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140750 | PA      | $1044166.39   | 0.25%             | 2070-07-15      | Fixed         | 2.23%                 | Yes           |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                   | Transocean, Inc.                                                               | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     36000 | PA      | $37020.38     | 0.01%             | 2030-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ECI MACOLA MAX HOLDING LLC                                       | ECI Macola Max Holding LLC                                                     | CUSIP: 26825UAM3<br>LEI: 549300MZ2LKM75L5EI42 | Long             | LON              | CORP              | US        |     28233 | PA      | $28356.12     | 0.01%             | 2030-05-09      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                                             | Flutter Financing BV                                                           | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |     62255 | PA      | $62254.61     | 0.01%             | 2032-06-04      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co.                                                           | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2448411.03   | 0.58%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402CWR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4664 | PA      | $4757.84      | 0.00%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31400QSW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     92594 | PA      | $94813.85     | 0.02%             | 2033-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138A2S91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     98802 | PA      | $92908.62     | 0.02%             | 2041-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                                   | Apidos CLO XII Ltd.                                                            | CUSIP: 03764DAM3<br>LEI: 549300M5NMLBQJXUO195 | Long             | ABS-CBDO         | CORP              | KY        |    740435 | PA      | $740231.83    | 0.17%             | 2031-04-15      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36180BAY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     53573 | PA      | $51608.95     | 0.01%             | 2033-04-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased USD / Sold EUR                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-6566.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust                                                       | CUSIP: 46592XAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3042535 | PA      | $2718044.84   | 0.64%             | 2052-04-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| DIAGEO INVESTMENT CORP                                           | Diageo Investment Corp.                                                        | CUSIP: 25245BAE7<br>LEI: S4G8DPIPDVCF6CB81Z61 | Long             | DBT              | CORP              | US        |    635000 | PA      | $664367.43    | 0.16%             | 2035-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| KFC Holding Co                                                   | KFC Holding Co.                                                                | CUSIP: 72584DAF1<br>LEI: 549300G2LG4YUB3MM115 | Long             | LON              | CORP              | US        |     58056 | PA      | $58273.81     | 0.01%             | 2028-03-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                       | U.S. Bancorp                                                                   | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42023.67     | 0.01%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                   | Opal Bidco SAS                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     41560 | PA      | $41674.79     | 0.01%             | 2032-04-28      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31407N6X6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7758 | PA      | $7976.44      | 0.00%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG, Inc.                                                       | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    153000 | PA      | $148863.61    | 0.04%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132A4B49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     80768 | PA      | $73131.52     | 0.02%             | 2042-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLACKHAWK NETWORK HOLDINGS INC                                   | Blackhawk Network Holdings, Inc.                                               | CUSIP: 09238FAM3<br>LEI: 549300LFU3K8UIR03132 | Long             | LON              | CORP              | US        |     49239 | PA      | $49476.41     | 0.01%             | 2029-03-12      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31389K5Q0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18524 | PA      | $19522.51     | 0.00%             | 2032-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                                  | Israel Government International Bonds                                          | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    275000 | PA      | $280198.28    | 0.07%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| 8th Avenue Food & Provisions Inc                                 | 8th Avenue Food & Provisions, Inc.                                             | CUSIP: 28253PAC3<br>LEI: 549300PBCACU45IZ2V05 | Long             | LON              | CORP              | US        |      9503 | PA      | $9491.71      | 0.00%             | 2025-10-01      | Floating      | 10.25%                | No            |                  2 | On Loan: No      |
| NEP Group Inc                                                    | NEP Group, Inc.                                                                | CUSIP: 62908HAM7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     30786 | PA      | $27976.71     | 0.01%             | 2026-08-19      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                            | Venture Global Plaquemines LNG LLC                                             | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $16062.31     | 0.00%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Artera Services LLC                                              | Artera Services LLC                                                            | CUSIP: 73937UAL2<br>LEI: 549300J2G34D0WX8Z443 | Long             | LON              | CORP              | US        |     49159 | PA      | $40998.76     | 0.01%             | 2031-02-15      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| TCP Sunbelt Acquisition Co                                       | TCP Sunbelt Acquisition Co.                                                    | CUSIP: 87233DAB3<br>LEI: 549300P5GYKSLPTV1Y23 | Long             | LON              | CORP              | US        |     44888 | PA      | $44887.50     | 0.01%             | 2031-10-24      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                         | BX Trust                                                                       | CUSIP: 05606DAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    581000 | PA      | $581000.00    | 0.14%             | 2039-08-15      | Floating      | 9.01%                 | Yes           |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                                 | Bain Capital Credit CLO Ltd.                                                   | CUSIP: 05684PAL0<br>LEI: 254900YXN9JEMKU5DF45 | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1198704.00   | 0.28%             | 2034-10-21      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| GVC Holdings (Gibraltar) Limited                                 | GVC Holdings Ltd.                                                              | CUSIP: 36270BAC6<br>LEI: 213800GNI3K45LQR8L28 | Long             | LON              | CORP              | IM        |     29508 | PA      | $29603.08     | 0.01%             | 2029-10-31      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416RM91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     67650 | PA      | $66920.54     | 0.02%             | 2039-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31390QG90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4410 | PA      | $4617.83      | 0.00%             | 2032-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                                                 | Farmers Insurance Exchange                                                     | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |    235000 | PA      | $232890.19    | 0.05%             | 2064-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Station Casinos LLC                                              | Station Casinos LLC                                                            | CUSIP: 85769EBB6<br>LEI: 5493004E7Q60TX54WL62 | Long             | LON              | CORP              | US        |     22660 | PA      | $22684.68     | 0.01%             | 2031-03-14      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley                                                                 | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10477.16     | 0.00%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust                                    | Commonbond Student Loan Trust                                                  | CUSIP: 20269DAB1<br>LEI: 5493005PJR3MYTKJFJ48 | Long             | ABS-O            | CORP              | US        |     71469 | PA      | $70597.31     | 0.02%             | 2044-02-25      | Floating      | 4.93%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co.                                                           | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    370000 | PA      | $366560.08    | 0.09%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                         | JP Morgan Mortgage Trust                                                       | CUSIP: 46652VAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $1627956.24   | 0.38%             | 2051-08-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| GC FERRY ACQUISITION I INC                                       | GC Ferry Acquisition I, Inc.                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      4475 | PA      | $4385.63      | 0.00%             | 2032-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                           | Venture Global LNG, Inc.                                                       | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67696.92     | 0.02%             | 2030-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| INTEL CORP                                                       | Intel Corp.                                                                    | CUSIP: 458140CM0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    160000 | PA      | $147121.51    | 0.03%             | 2054-02-21      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                             | Charter Communications Operating LLC                                           | CUSIP: 16117LCB3<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |     60785 | PA      | $60746.63     | 0.01%             | 2030-12-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3138WSTH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    111596 | PA      | $104624.01    | 0.02%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                          | Imperial Brands Finance PLC                                                    | CUSIP: 45262BAC7<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |     30000 | PA      | $29078.52     | 0.01%             | 2029-07-26      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                         | International Flavors & Fragrances, Inc.                                       | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1064299.40   | 0.25%             | 2030-11-01      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                          | Zayo Group Holdings, Inc.                                                      | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65642.40     | 0.02%             | 2027-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| EagleView Technology Corporation                                 | EagleView Technology Corp.                                                     | CUSIP: 000000000<br>LEI: 549300HLIL8HO4PPLG50 | Long             | LON              | CORP              | US        |    161049 | PA      | $156419.05    | 0.04%             | 2028-08-14      | Floating      | 9.80%                 | No            |                  2 | On Loan: No      |
| MAGNITE INC                                                      | Magnite, Inc.                                                                  | CUSIP: 55955NAG3<br>LEI: 54930018FR2YX1HHSB02 | Long             | LON              | CORP              | US        |     60906 | PA      | $61057.83     | 0.01%             | 2031-02-06      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418AAH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71126 | PA      | $68628.14     | 0.02%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DAVIDE CAMPARI-MILANO SP                                         | Davide Campari-Milano NV                                                       | CUSIP: 000000000<br>LEI: 213800ED5AN2J56N6Z02 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $225366.10    | 0.05%             | 2029-01-17      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securities Trust                          | Federal Home Loan Mortgage Corp. Whole Loan Securities Trust                   | CUSIP: 3137G1AA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    149930 | PA      | $135364.50    | 0.03%             | 2045-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WRKD6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    103479 | PA      | $100017.42    | 0.02%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 3 SARL                                          | Albion Financing 3 SARL                                                        | CUSIP: 00847NAE6<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |      9207 | PA      | $9206.97      | 0.00%             | 2029-08-16      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                         | Santander U.K. Group Holdings PLC                                              | CUSIP: 80281LAR6<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   1775000 | PA      | $1718421.43   | 0.40%             | 2028-01-11      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                 | GGAM Finance Ltd.                                                              | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     90000 | PA      | $92785.32     | 0.02%             | 2027-02-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                                         | BX Trust                                                                       | CUSIP: 05609DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $885579.66    | 0.21%             | 2028-02-15      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Belron Finance 2019 LLC                                          | Belron Finance LLC                                                             | CUSIP: 08078UAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     32070 | PA      | $32180.56     | 0.01%             | 2031-10-16      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Calpine Corporation                                              | Calpine Corp.                                                                  | CUSIP: 13134MBX0<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |     80223 | PA      | $80178.76     | 0.02%             | 2032-02-15      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                            | CUSIP: 91282CNJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13070000 | PA      | $13080210.94  | 3.08%             | 2032-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31401CEK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2507 | PA      | $2556.04      | 0.00%             | 2033-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association REMICS                                | CUSIP: 38379JAR2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    512364 | PA      | $461791.71    | 0.11%             | 2044-11-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                            | Mexico Government International Bonds                                          | CUSIP: 91087BAM2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    313000 | PA      | $270651.10    | 0.06%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402CVN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13418 | PA      | $13741.93     | 0.00%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31407XA68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     58424 | PA      | $58135.94     | 0.01%             | 2035-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds          | Republic of South Africa Government International Bonds                        | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $192736.02    | 0.05%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                          | Flagstar Mortgage Trust                                                        | CUSIP: 33851PAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1943409 | PA      | $1733969.22   | 0.41%             | 2051-07-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Bonds                                                            | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16650000 | PA      | $16579757.81  | 3.90%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ANTYLIA SCIENTIFIC                                               | Antylia Scientific                                                             | CUSIP: 12592HAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     40001 | PA      | $38867.28     | 0.01%             | 2032-05-27      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                              | CommonSpirit Health                                                            | CUSIP: 14916RAD6<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    405000 | PA      | $339025.69    | 0.08%             | 2042-11-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased EUR / Sold USD                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |         1 | NC      | $6402.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                            | American Homes 4 Rent LP                                                       | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |    220000 | PA      | $223706.60    | 0.05%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                                | Upbound Group, Inc.                                                            | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73757.02     | 0.02%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WMHW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     48054 | PA      | $49127.73     | 0.01%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                           | Sequoia Mortgage Trust                                                         | CUSIP: 81745QCB6<br>LEI: 5493007E0SBYHIR7SU85 | Long             | ABS-MBS          | CORP              | US        |     86561 | PA      | $83294.65     | 0.02%             | 2045-01-25      | Variable      | 3.94%                 | Yes           |                  2 | On Loan: No      |
| Texas A&M University                                             | Texas A&M University                                                           | CUSIP: 88213ACT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $320723.88    | 0.08%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chase Funding Mortgage Loan Asset-Backed CTFS                    | Chase Funding Trust                                                            | CUSIP: 161546EW2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76105 | PA      | $75876.14     | 0.02%             | 2033-02-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DWFD0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4695280 | PA      | $4236152.04   | 1.00%             | 2052-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                        | Amgen, Inc.                                                                    | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107641.69    | 0.03%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31390QG82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13495 | PA      | $13934.69     | 0.00%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                | Future                                                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -1 | NC      | $456.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                           | UnitedHealth Group, Inc.                                                       | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    425000 | PA      | $412650.09    | 0.10%             | 2054-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31404NFX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17078 | PA      | $17295.85     | 0.00%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased USD / Sold EUR                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-8864.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3133KNR54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2906175 | PA      | $2536441.90   | 0.60%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | Future                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         3 | NC      | $5718.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                           | U.S. Treasury Notes                                                            | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    865000 | PA      | $865439.26    | 0.20%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                       | Navient Private Education Refi Loan Trust                                      | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    993258 | PA      | $879417.89    | 0.21%             | 2070-02-18      | Fixed         | 1.11%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International                                      | Purchased EUR / Sold USD                                                       | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | XX        |         1 | NC      | $3800.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31407N4Z3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80599 | PA      | $82898.15     | 0.02%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Company Inc                            | Hilton Domestic Operating Co., Inc.                                            | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |    226949 | PA      | $227530.12    | 0.05%             | 2030-11-08      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31404QWU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1177 | PA      | $1192.13      | 0.00%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                         | Venture Global Calcasieu Pass LLC                                              | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61836.72     | 0.01%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                                          | Southern Co. Gas Capital Corp.                                                 | CUSIP: 8426EPAC2<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    775000 | PA      | $630526.85    | 0.15%             | 2047-05-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31388KCX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27129 | PA      | $28591.83     | 0.01%             | 2031-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Delivery Hero SE                                                 | Delivery Hero SE                                                               | CUSIP: 000000000<br>LEI: 529900KR9IO53KSCSQ67 | Long             | LON              | CORP              | US        |     87363 | PA      | $87581.24     | 0.02%             | 2029-12-12      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                                  | Star Parent, Inc.                                                              | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |     17911 | PA      | $17711.95     | 0.00%             | 2030-09-27      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                               | Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer Trust           | CUSIP: 35563PBH1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    177997 | PA      | $177062.78    | 0.04%             | 2056-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140XJR39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1800040 | PA      | $1506737.12   | 0.35%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | Goldman Sachs Group, Inc.                                                      | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    555000 | PA      | $542991.82    | 0.13%             | 2027-03-09      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                         | Healthcare Realty Holdings LP                                                  | CUSIP: 42225UAG9<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    380000 | PA      | $352363.47    | 0.08%             | 2030-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| KESTREL ACQUISITION LLC                                          | Kestrel Acquisition LLC                                                        | CUSIP: 44579UAB8<br>LEI: 549300ER0JUHJLPPMH08 | Long             | LON              | CORP              | US        |     25968 | PA      | $25916.15     | 0.01%             | 2031-11-06      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                                                 | Farmers Insurance Exchange                                                     | CUSIP: 309601AE2<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |    500000 | PA      | $408218.20    | 0.10%             | 2057-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                          | CUSIP: 01F020679<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2725000 | PA      | $2156259.69   | 0.51%             | 2054-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ryan LLC                                                         | Ryan LLC                                                                       | CUSIP: 78350LAZ8<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |     28079 | PA      | $28114.48     | 0.01%             | 2030-11-14      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 36183QZA6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    711022 | PA      | $633632.14    | 0.15%             | 2045-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402RAS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25277 | PA      | $26400.66     | 0.01%             | 2035-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3131WDBJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    102054 | PA      | $104788.92    | 0.02%             | 2033-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                                 | Modena Buyer LLC                                                               | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |     16339 | PA      | $15739.95     | 0.00%             | 2031-07-01      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                              | Elevance Health, Inc.                                                          | CUSIP: 036752BD4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    195000 | PA      | $197033.89    | 0.05%             | 2035-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                             | BlueMountain CLO Ltd.                                                          | CUSIP: 09630AAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1203300.00   | 0.28%             | 2030-10-25      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31413YRW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17475 | PA      | $18463.82     | 0.00%             | 2037-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                                     | MH Sub I LLC                                                                   | CUSIP: 000000000<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     72582 | PA      | $62928.64     | 0.01%             | 2031-12-31      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| Telenet Financing USD LLC                                        | Telenet Financing USD LLC                                                      | CUSIP: 000000000<br>LEI: 213800BMPOX34U6DWN81 | Long             | LON              | CORP              | US        |     34447 | PA      | $33689.26     | 0.01%             | 2028-04-30      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31390G2T3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39425 | PA      | $40708.58     | 0.01%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                | Future                                                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -2 | NC      | $3283.98      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                             | Bank of America Corp.                                                          | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    710000 | PA      | $619136.10    | 0.15%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                           | Future                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         6 | NC      | $5614.98      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNERSTONE GENERATION LLC                                       | Cornerstone Generation LLC                                                     | CUSIP: 21924NAB4<br>LEI: 254900JBGAU2N55LVN75 | Long             | LON              | CORP              | US        |     22404 | PA      | $22516.24     | 0.01%             | 2031-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BCPE North Star US Holdco 2 Inc                                  | BCPE North Star U.S. HoldCo 2, Inc.                                            | CUSIP: 05552DAD4<br>LEI: 254900AGB0JDUDNIJC95 | Long             | LON              | CORP              | US        |     57250 | PA      | $56415.33     | 0.01%             | 2028-06-09      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3620A9YS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     33030 | PA      | $33172.03     | 0.01%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2535120 | PA      | $2011801.19   | 0.47%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31387DNE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3036 | PA      | $3033.95      | 0.00%             | 2031-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley                                                                 | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    125000 | PA      | $109429.67    | 0.03%             | 2032-10-20      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                          | Goldman Sachs Group, Inc.                                                      | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    560000 | PA      | $553025.07    | 0.13%             | 2035-10-23      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                         | Charter Communications Operating LLC/Charter Communications Operating Capital  | CUSIP: 161175BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $252529.02    | 0.06%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup, Inc.                                                                | CUSIP: 172967PL9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    175000 | PA      | $178798.72    | 0.04%             | 2035-06-11      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                          | Teva Pharmaceutical Finance Netherlands III BV                                 | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    176000 | PA      | $179730.32    | 0.04%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                         | Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.                         | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    446000 | PA      | $198884.78    | 0.05%             | 2027-08-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                   | Morgan Stanley                                                                 | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    769000 | PA      | $657263.45    | 0.15%             | 2032-04-28      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association, TBA                                  | CUSIP: 21H050672<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5100000 | PA      | $5008965.61   | 1.18%             | 2054-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31391KH59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21598 | PA      | $22525.18     | 0.01%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust                                    | Agate Bay Mortgage Trust                                                       | CUSIP: 00841WBK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     42828 | PA      | $41738.94     | 0.01%             | 2045-01-25      | Variable      | 3.63%                 | Yes           |                  2 | On Loan: No      |
| PMT Loan Trust                                                   | PMT Loan Trust                                                                 | CUSIP: 73015BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1273356 | PA      | $1264719.16   | 0.30%             | 2059-10-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA                                         | Papa John's International, Inc.                                                | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218141.53    | 0.05%             | 2029-09-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS, TBA                                                        | Uniform Mortgage-Backed Security, TBA                                          | CUSIP: 01F050676<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5750000 | PA      | $5634652.70   | 1.33%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                                               | Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer Trust           | CUSIP: 35563P5Y1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    873639 | PA      | $786154.26    | 0.19%             | 2061-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                    | Citigroup, Inc.                                                                | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    695000 | PA      | $700851.34    | 0.17%             | 2036-03-27      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association                                       | CUSIP: 3620A93J8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    283421 | PA      | $284560.55    | 0.07%             | 2040-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402CP30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29281 | PA      | $29897.84     | 0.01%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                    | TransDigm, Inc.                                                                | CUSIP: 89364MCC6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     21654 | PA      | $21717.97     | 0.01%             | 2028-08-24      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31402RJV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37187 | PA      | $37694.59     | 0.01%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                          | Imperial Brands Finance PLC                                                    | CUSIP: 45262BAF0<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    470000 | PA      | $485045.87    | 0.11%             | 2027-07-27      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CIM Trust                                                        | CIM Trust                                                                      | CUSIP: 12566LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1536664 | PA      | $1391660.87   | 0.33%             | 2057-06-25      | Variable      | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132A3QD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    104613 | PA      | $101080.52    | 0.02%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                            | Brazil Government International Bonds                                          | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $198573.88    | 0.05%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                            | Jane Street Group LLC                                                          | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |     63934 | PA      | $63846.21     | 0.02%             | 2031-12-15      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| MODIVCARE INC                                                    | ModivCare, Inc.                                                                | CUSIP: 60783XAC8<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | DBT              | CORP              | US        |    413700 | PA      | $109630.50    | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                                                | Japan Tobacco, Inc.                                                            | CUSIP: 471105AD8<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |    635000 | PA      | $653310.16    | 0.15%             | 2030-06-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                              | JPMorgan Chase & Co.                                                           | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    275000 | PA      | $245499.64    | 0.06%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31371LZR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2088 | PA      | $2201.64      | 0.00%             | 2034-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SCOTTISH HYDRO ELECTRIC                                          | Scottish Hydro Electric Transmission PLC                                       | CUSIP: 000000000<br>LEI: 549300ECJZDA7203MK64 | Long             | DBT              | CORP              | GB        |    185000 | PA      | $216238.05    | 0.05%             | 2032-09-04      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                            | Duke Energy Carolinas LLC                                                      | CUSIP: 26442CAM6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1096228.21   | 0.26%             | 2041-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SOUTH FIELD LLC                                                  | South Field LLC                                                                | CUSIP: 83783XAD8<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |     27309 | PA      | $27411.78     | 0.01%             | 2031-08-29      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                         | Government National Mortgage Association REMICS                                | CUSIP: 38384PYX2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    875614 | PA      | $873377.51    | 0.21%             | 2054-06-20      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund       | State Street Institutional U.S. Government Money Market Fund                   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | EC               | RF                | US        |  37152847 | NS      | $37152847.24  | 8.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 3140EXZ30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47860 | PA      | $42599.96     | 0.01%             | 2046-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                   | Sabre GLBL, Inc.                                                               | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     56238 | PA      | $55675.64     | 0.01%             | 2029-11-15      | Floating      | 10.43%                | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                         | Ferrellgas LP/Ferrellgas Finance Corp.                                         | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $336697.04    | 0.08%             | 2026-04-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                      | Federal Home Loan Mortgage Corp.                                               | CUSIP: 3132DWES8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    593193 | PA      | $568360.77    | 0.13%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securities Trust                          | Federal Home Loan Mortgage Corp. Whole Loan Securities Trust                   | CUSIP: 3137G1BC0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     38378 | PA      | $33074.78     | 0.01%             | 2046-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                 | CIFC Funding Ltd.                                                              | CUSIP: 12552FBC6<br>LEI: 5493006JGTCIL6LCS728 | Long             | ABS-CBDO         | CORP              | KY        |   1070000 | PA      | $1063163.77   | 0.25%             | 2035-01-17      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31416X6N5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    119309 | PA      | $112217.13    | 0.03%             | 2041-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                                            | Tricon American Homes Trust                                                    | CUSIP: 89613JAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    975000 | PA      | $910017.71    | 0.21%             | 2039-11-17      | Fixed         | 1.83%                 | Yes           |                  2 | On Loan: No      |
| TENNET HOLDING BV                                                | TenneT Holding BV                                                              | CUSIP: 000000000<br>LEI: 724500LTUWK3JQG63903 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $190675.10    | 0.04%             | 2042-10-28      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31418EB82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1578515 | PA      | $1251257.46   | 0.29%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC                           | Genesys Cloud Services Holdings II LLC                                         | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |     29740 | PA      | $29717.59     | 0.01%             | 2032-01-30      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                     | CSMC Trust                                                                     | CUSIP: 12594XAM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726271 | PA      | $660657.61    | 0.16%             | 2047-06-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership LP                        | Invitation Homes Operating Partnership LP                                      | CUSIP: 46187CAJ0<br>LEI: 549300147YMUQB3GW319 | Long             | LON              |  | US        |    397356 | PA      | $389408.53    | 0.09%             | 2028-09-09      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                          | Metropolitan Life Global Funding I                                             | CUSIP: 59217GFP9<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    290000 | PA      | $294402.07    | 0.07%             | 2033-03-28      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                          | Dell International LLC/EMC Corp.                                               | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    425000 | PA      | $431714.61    | 0.10%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES INC                                        | Healthpeak Properties, Inc.                                                    | CUSIP: 42250UAE2<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | LON              |  | US        |    138742 | PA      | $136314.39    | 0.03%             | 2027-02-22      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST                                    | Commonbond Student Loan Trust                                                  | CUSIP: 20268WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    359610 | PA      | $310794.44    | 0.07%             | 2052-03-25      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                                          | Southern Co. Gas Capital Corp.                                                 | CUSIP: 001192AL7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1100483.22   | 0.26%             | 2025-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                         | Amcor Flexibles North America, Inc.                                            | CUSIP: 02344AAD0<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    280000 | PA      | $284675.86    | 0.07%             | 2030-03-17      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association REMICS                                   | CUSIP: 31393YHA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    537000 | PA      | $531838.30    | 0.13%             | 2034-05-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                 | Berry Global, Inc.                                                             | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025514.71   | 0.24%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                       | Federal National Mortgage Association                                          | CUSIP: 31410KME1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51832 | PA      | $51548.69     | 0.01%             | 2037-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

**Name of Applicant:** Securian Funds Trust

**Signature:** Kevin Ligtenberg

**Name of Signer:** Kevin Ligtenberg

**Title:** Director Investment Operations