# EDGAR Filing Document

**Accession Number:** 0001342947
**File Stem:** 0001003715-26-002407
**Filing Date:** 2026-6
**Character Count:** 169116
**Document Hash:** fe4617ca5385e3df5797d22d62ee4f14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-26-002407.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001003715-26-002407

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BBH Trust
- **CENTRAL INDEX KEY:** 0001342947

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21829
- **FILM NUMBER:** 261125641

**BUSINESS ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 800-575-1265

**MAIL ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

## Series and Classes Contracts Data

### BBH INCOME FUND (Series ID: S000062218)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000201413 | CLASS I SHARES (TICKER BBNIX) | BBNIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BBH Trust

- **b. Investment Company Act file number:** 811-21829

- **c. CIK number of Registrant:** 0001342947

- **d. LEI of Registrant:** 5493002QM4WBFYUZ3Y95

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

  - **Street Address 1:** 140 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10005-1108

  - **Telephone number:** 800-575-1265

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

- **a. Name of Series:** BBH Income Fund

- **b. EDGAR series identifier (if any):** S000062218

- **c. LEI of Series:** 549300ZKXJXVR6XM1291

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

- **a. Date of fiscal year-end:** 2026-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2428322772.40

**Total Liabilities:** $98019951.99

**Net Assets:** $2330302820.41

**Cash Not Reported:** $4383757.35

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4207.00000000 | **1-Year:** -89415.00000000 | **5-Year:** -160526.00000000 | **10-Year:** -47550.00000000 | **30-Year:** -6862.00000000

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

- **3-Month:** -2521.00000000 | **1-Year:** -51150.00000000 | **5-Year:** -113991.00000000 | **10-Year:** -39060.00000000 | **30-Year:** -46539.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000201413 | 1.72%                | -1.78%               | 0.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $456098.79               | $15432084.93                               |
| Month 2  | $-961150.97              | $-33115723.08                              |
| Month 3  | $-178483.26              | $840057.71                                 |

**Designated Index Information**

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

- **Index Identifier:** LBUSTRUU Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VOLKSWAGEN GROU 4.85% 08/15/27  | VOLKSWAGEN GROUP AMERICA REGD 144A P/P 4.85000000                                                    | CUSIP: 928668CL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3835000 | PA      | $3844650.82   | 0.16%             | 2027-08-15      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| BAUSCH HEALTH  4.875% 06/01/28  | BAUSCH HEALTH COS INC REGD 144A P/P 4.87500000                                                       | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    730000 | PA      | $685710.90    | 0.03%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| T/L ILPEA PARENT 0% 06/22/28    | T/L ILPEA PARENT INC REGD 0.00000000                                                                 | CUSIP: 45236FAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2626812 | PA      | $2623528.85   | 0.11%             | 2028-06-22      | Variable      | 7.66%                 | No            |                  2 | On Loan: No      |
| ENSTAR FINANCE LL V/R 01/15/42  | ENSTAR FINANCE LLC REGD V/R 5.50000000                                                               | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9717000 | PA      | $9533374.94   | 0.41%             | 2042-01-15      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC 9.75% 10/01/31    | COREWEAVE INC REGD 144A P/P 9.75000000                                                               | CUSIP: 21873SAG3<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2071928.51   | 0.09%             | 2031-10-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL CREDIT  5.8% 03/15/30  | BLUE OWL CREDIT INCOME REGD SER WI 5.80000000                                                        | CUSIP: 09581CAD3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   5990000 | PA      | $5827408.16   | 0.25%             | 2030-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DBRG 2021-1A  3.933% 09/25/26   | DIGITALBRIDGE ISSUER LLC SER 2021-1A CL A2 REGD 144A P/P 3.93300000                                  | CUSIP: 25402JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2850000 | PA      | $2812472.06   | 0.12%             | 2051-09-25      | Fixed         | 3.93%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2025-K535  V/R 12/25/29   | FREMF 2025-K535 MORTGAGE TRUST SER 2025-K535 CL C V/R REGD 144A P/P 5.30603900                       | CUSIP: 30340EAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7361000 | PA      | $6539265.07   | 0.28%             | 2029-12-25      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| T/L PROTECTIVE IND 0% 01/17/32  | T/L PROTECTIVE INDUSTRIAL PRODUCTS INC 0.00000000                                                    | CUSIP: 37987UAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3451350 | PA      | $3446311.03   | 0.15%             | 2032-01-17      | Variable      | 7.65%                 | No            |                  2 | On Loan: No      |
| AXIS SPECIALTY FI V/R 01/15/40  | AXIS SPECIALTY FINANCE REGD V/R 4.90000000                                                           | CUSIP: 05463HAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8190000 | PA      | $8000288.48   | 0.34%             | 2040-01-15      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| THRST 2021-1A 4.163% 07/15/27   | THRUST ENGINE LEASING 2021 DAC SER 2021-1A CL A REGD 144A P/P 4.16300000                             | CUSIP: 88603UAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4104411 | PA      | $4060536.13   | 0.17%             | 2040-07-15      | Fixed         | 4.16%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 1.75% 08/15/41     | UNITED STATES TREASURY BOND 1.75000000                                                               | CUSIP: 912810TA6<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  83900000 | PA      | $55691902.13  | 2.39%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| T/L OCM SYSTEM 0% 03/02/2028    | T/L OCM SYSTEM ONE BUYER CTB   LLC REGD ZCP TERM LOAN 0.00000000                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8487067 | PA      | $8487066.80   | 0.36%             | 2028-03-02      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| BXMT 2020-FL2 A V/R 07/15/22    | BXMT 2020-FL2 LTD SER 2020-FL2 CL A V/R REGD 144A P/P 4.93244000                                     | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     56549 | PA      | $56519.28     | 0.00%             | 2038-02-15      | Variable      | 4.93%                 | Yes           |                  2 | On Loan: No      |
| HERCULES CAPITA 5.35% 02/10/29  | HERCULES CAPITAL INC REGD 5.35000000                                                                 | CUSIP: 42711MAA1<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |   5720000 | PA      | $5641759.49   | 0.24%             | 2029-02-10      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUT 4.4% 03/30/29  | NORTHWESTERN MUTUAL GLBL REGD 144A P/P 4.40000000                                                    | CUSIP: 66815L3A5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5085000 | PA      | $5092582.65   | 0.22%             | 2029-03-30      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| T/L A-AG US GSI 0% 10/08/29     | T/L A-AG US GSI BIDCO INC      REGD 0.00000000                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5009400 | PA      | $5009400.00   | 0.21%             | 2029-10-08      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| US T BILL ZCP 07/09/26          | UNITED STATES TREASURY BILL ZCP 0.00000000                                                           | CUSIP: 912797RF6<br>LEI: N/A                  | Long             | STIV             | UST               | US        |   5150000 | PA      | $5114425.50   | 0.22%             | 2026-07-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MED 2024-MOB A V/R 05/15/29     | MED COMMERCIAL MORTGAGE TRUST 2024-MOB SER 2024-MOB CL A V/R REGD 144A P/P 5.24622000                | CUSIP: 55287BAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5240000 | PA      | $5165686.84   | 0.22%             | 2041-05-15      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| UBS AG STAMFORD C V/R 03/16/29  | UBS AG STAMFORD CT REGD V/R 4.30200000                                                               | CUSIP: 90261AAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | CH        |   5425000 | PA      | $5419544.13   | 0.23%             | 2029-03-16      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC V/R 11/15/28  | NATWEST GROUP PLC REGD V/R 4.96494800                                                                | CUSIP: 639057AR9<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   5175000 | PA      | $5219259.08   | 0.22%             | 2028-11-15      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| MARS INC 5% 03/01/32            | MARS INC REGD 144A P/P 5.00000000                                                                    | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   5925000 | PA      | $6010629.94   | 0.26%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENE CA SC 4.898% 03/01/46  | DUKE ENE CA SC STORM FUN REGD SER A-1 4.89800000                                                     | CUSIP: 26443YAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9645000 | PA      | $9530396.86   | 0.41%             | 2046-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CAUTO 2023-1A A 6.5% 09/15/28   | CARS-DB7 LP SER 2023-1A CL A2 REGD 144A P/P 6.50000000                                               | CUSIP: 12510HAT7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3366625 | PA      | $3378233.46   | 0.14%             | 2053-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| PENNANTPARK INVE 4.5% 05/01/26  | PENNANTPARK INVESTMENT C REGD 4.50000000                                                             | CUSIP: 708062AC8<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |   7655000 | PA      | $7655000.00   | 0.33%             | 2026-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROW 3.875% 04/01/29  | MEDLINE BORROWER LP REGD 144A P/P 3.87500000                                                         | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   3384000 | PA      | $3287767.16   | 0.14%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 04/23/29  | WELLS FARGO & COMPANY REGD V/R 4.97000000                                                            | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5195000 | PA      | $5242173.92   | 0.22%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 3.625% 02/15/53    | UNITED STATES TREASURY BOND 3.62500000                                                               | CUSIP: 912810TN8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  30870000 | PA      | $24460857.34  | 1.05%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| STATE STREET C 4.536% 02/28/28  | STATE STREET CORP REGD 4.53600000                                                                    | CUSIP: 857477CU5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   7510000 | PA      | $7555549.88   | 0.32%             | 2028-02-28      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| ALP 2024-1A A 7.371% 10/15/36   | ALP CFO 2024 LP SER 2024-1A CL A REGD 144A P/P 7.37100000                                            | CUSIP: 00165VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4320000 | PA      | $4376116.80   | 0.19%             | 2036-10-15      | Fixed         | 7.37%                 | Yes           |                  3 | On Loan: No      |
| NEW YORK LIFE GL 4.2% 04/20/29  | NEW YORK LIFE GLOBAL FDG REGD 144A P/P 4.20000000                                                    | CUSIP: 64953BCG1<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   4945000 | PA      | $4921740.06   | 0.21%             | 2029-04-20      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| SCOTT 2023-SF 5.909% 03/10/28   | SCOTT TRUST 2023-SFS SER 2023-SFS CL A REGD 144A P/P 5.90975000                                      | CUSIP: 810064AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2700000 | PA      | $2744335.89   | 0.12%             | 2040-03-10      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL  5.583% 01/09/29  | ATHENE GLOBAL FUNDING REGD 144A P/P 5.58300000                                                       | CUSIP: 04685A3Q2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   4360000 | PA      | $4419839.47   | 0.19%             | 2029-01-09      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| FLX 2025-1A A2 6.03% 10/25/30   | FLEXENTIAL ISSUER LLC SER 2025-1A CL A2 REGD 144A P/P 6.03000000                                     | CUSIP: 33938MAK5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9000000 | PA      | $8950453.20   | 0.38%             | 2060-10-25      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2024-K757 0.1% 08/25/31   | FREMF 2024-K757 MORTGAGE TRUST SER 2024-K757 CL X2A REGD 144A P/P 0.10000000                         | CUSIP: 30339MAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        | 105880000 | PA      | $419941.26    | 0.02%             | 2061-10-25      | Variable      | 0.10%                 | Yes           |                  2 | On Loan: No      |
| F/C US 5YR NOTE (CBT) JUN26     | FUTURE CONTRACT ON           US 5YR NOTE (CBT) JUN26 0.00000000                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       850 | NC      | $91660547.30  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HAT HOLDINGS I  3.75% 09/15/30  | HAT HOLDINGS I LLC/HAT REGD 144A P/P 3.75000000                                                      | CUSIP: 418751AD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2127740.12   | 0.09%             | 2030-09-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| PSTAT 2026-1A A1 V/R 07/15/34   | PALMER SQUARE LOAN FUNDING 2026-1 LTD SER 2026-1A CL A1 V/R REGD 144A P/P 0.00000000                 | CUSIP: 69704KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  14575000 | PA      | $14575000.00  | 0.63%             | 2034-07-15      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATIO 4.875% 01/23/31  | AMERICAN NATIONAL GF REGD 144A P/P MTN 4.87500000                                                    | CUSIP: 02771D2E3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6425000 | PA      | $6320216.35   | 0.27%             | 2031-01-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| T/L CLEARWATER ANA 0% 02/07/32  | T/L CLEARWATER ANALYTICS LLC   REGD 0.00000000                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5452600 | PA      | $5444093.94   | 0.23%             | 2032-02-07      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| SIDC 2023-3A A2 5.9% 10/25/28   | STACK INFRASTRUCTURE ISSUER LLC SER 2023-3A CL A2 REGD 144A P/P 5.90000000                           | CUSIP: 85236KAK8<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-CBDO         | CORP              | US        |   3520000 | PA      | $3534883.62   | 0.15%             | 2048-10-25      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| T/L IRIDIUM COMMU 0% 09/20/30   | T/L IRIDIUM COMMUNICATIONS INC REGD 0.00000000                                                       | CUSIP: 46269KAT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8796154 | PA      | $8630170.66   | 0.37%             | 2030-09-20      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| T/L LENDINGTREE 0% 08/14/2030   | T/L LENDINGTREE INC. 0.00000000                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10452832 | PA      | $10278582.89  | 0.44%             | 2030-08-14      | Variable      | 7.90%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER &  4.8% 05/15/33  | FLORIDA POWER & LIGHT CO REGD 4.80000000                                                             | CUSIP: 341081GQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3381594.78   | 0.15%             | 2033-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| RPIT 2019-1 A V/R 10/25/24      | RMF PROPRIETARY ISSUANCE TRUST 2019-1 SER 2019-1 CL A V/R REGD 144A P/P 2.75000000                   | CUSIP: 74968RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    240372 | PA      | $231776.77    | 0.01%             | 2063-10-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| US TREAS NTS 4.125% 03/31/32    | UNITED STATES TREASURY NOTE 4.12500000                                                               | CUSIP: 91282CMT5<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  25000000 | PA      | $25001953.00  | 1.07%             | 2032-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| T/L ALLEN MEDIA 0% 02/10/2027   | T/L ALLEN MEDIA LLC AKA ENTERT REGD 0.00000000                                                       | CUSIP: 01771JAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2918183 | PA      | $1896818.81   | 0.08%             | 2027-02-10      | Variable      | 9.35%                 | No            |                  2 | On Loan: No      |
| FREMF 2025-K170 0.1% 04/25/35   | FREMF 2025-K170 MORTGAGE TRUST SER 2025-K170 CL X2B REGD 144A P/P 0.10000000                         | CUSIP: 356920AQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  79721592 | PA      | $484101.40    | 0.02%             | 2063-02-25      | Variable      | 0.10%                 | Yes           |                  2 | On Loan: No      |
| ABDLF 2022-2A 4.986% 03/01/32   | ABPCI DIRECT LENDING FUND ABS II LLC SER 2022-2A CL B REGD 144A P/P 4.98650000                       | CUSIP: 00090NAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1721610 | PA      | $1579406.79   | 0.07%             | 2032-03-01      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| T/L STONEPEAK NIL ZCP 04/09/32  | T/L STONEPEAK NILE PARENT REGD ZCP TERM LOAN 0.00000000                                              | CUSIP: 86184XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7157062 | PA      | $7179464.11   | 0.31%             | 2032-04-09      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP 3% 10/15/30        | CENTENE CORP REGD 3.00000000                                                                         | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  11560000 | PA      | $10393225.04  | 0.45%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVEST 6.581% 05/30/49  | BEIGNET INVESTOR LLC REGD 144A P/P 6.58100000                                                        | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10350000 | PA      | $10688870.90  | 0.46%             | 2049-05-30      | Fixed         | 6.58%                 | Yes           |                  2 | On Loan: No      |
| JPMBB 2014-C24 D V/R 10/15/24   | JPMBB COMMERCIAL MORTGAGE SECURITIES TRUS SER 2014-C24 CL D V/R REGD 144A P/P 4.20954300             | CUSIP: 46643GAY6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    240000 | PA      | $182026.37    | 0.01%             | 2047-11-15      | Variable      | 4.21%                 | Yes           |                  2 | On Loan: No      |
| ARBOR REALTY SR  8.5% 12/15/28  | ARBOR REALTY SR INC REGD 144A P/P 8.50000000                                                         | CUSIP: 03881NAL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5495000 | PA      | $5444329.73   | 0.23%             | 2028-12-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| UBS GROUP AG V/R 05/12/28       | UBS GROUP AG REGD V/R 144A P/P 4.75100000                                                            | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1525000 | PA      | $1530181.61   | 0.07%             | 2028-05-12      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ZAYO 2025-2A  5.953% 06/20/30   | ZAYO ISSUER LLC SER 2025-2A CL A2 REGD 144A P/P 5.95300000                                           | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10290000 | PA      | $10450795.66  | 0.45%             | 2055-06-20      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GL 5% 04/01/30  | MUTUAL OF OMAHA GLOBAL REGD 144A P/P 5.00000000                                                      | CUSIP: 62829D2F6<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |   5450000 | PA      | $5502773.99   | 0.24%             | 2030-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATION 5.55% 01/28/30  | AMERICAN NATIONAL GF REGD 144A P/P MTN 5.55000000                                                    | CUSIP: 02771D2A1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4650000 | PA      | $4718558.72   | 0.20%             | 2030-01-28      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS I 4.6% 11/15/32  | META PLATFORMS INC REGD 4.60000000                                                                   | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   3830000 | PA      | $3783949.19   | 0.16%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SORT 2020-1 B1 2.28% 07/15/25   | CF HIPPOLYTA ISSUER LLC SER 2020-1 CL B1 REGD 144A P/P 2.28000000                                    | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1025375 | PA      | $629534.69    | 0.03%             | 2060-07-15      | Fixed         | 2.28%                 | Yes           |                  2 | On Loan: No      |
| GCPAF 2021-1A 2.773% 04/20/29   | GOLUB CAPITAL PARTNERS ABS FUNDING 2021-1 LTD SER 2021-1A CL A2 REGD 144A P/P 2.77300000             | CUSIP: 38178HAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1882336 | PA      | $1732127.86   | 0.07%             | 2029-04-20      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| MIDCAP FINANCIAL 4.5% 07/16/26  | MIDCAP FINANCIAL INVEST REGD 4.50000000                                                              | CUSIP: 03761UAH9<br>LEI: 5493005P14I7WFB3FW47 | Long             | DBT              | CORP              | US        |   2960000 | PA      | $2945094.48   | 0.13%             | 2026-07-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVI V/R /PERP/  | PNC FINANCIAL SERVICES REGD V/R /PERP/ SER T 3.40000000                                              | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5770000 | PA      | $5698593.94   | 0.24%             | 2174-12-15      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| WLAKE 2023-2A  6.29% 03/15/28   | WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-2 SER 2023-2A CL C REGD 144A P/P 6.29000000               | CUSIP: 959926AF3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    384113 | PA      | $384470.14    | 0.02%             | 2028-03-15      | Fixed         | 6.29%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2024-K516  V/R 01/25/29   | FREMF 2024-K516 MORTGAGE TRUST SER 2024-K516 CL C V/R REGD 144A P/P 5.92464400                       | CUSIP: 30335EAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4965000 | PA      | $4491833.51   | 0.19%             | 2029-01-25      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| COREBRIDGE FINANC V/R 12/15/52  | COREBRIDGE FINANCIAL INC REGD V/R SER WI 6.87500000                                                  | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   5616000 | PA      | $5700273.70   | 0.24%             | 2052-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIA 5% 03/27/30  | EQUITABLE FINANCIAL LIFE REGD 144A P/P 5.00000000                                                    | CUSIP: 29449WAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2405000 | PA      | $2418337.29   | 0.10%             | 2030-03-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-JDI A V/R 11/15/27      | BX COMMERCIAL MORTGAGE TRUST 2025-JDI SER 2025-JDI CL A V/R REGD 144A P/P 5.05471000                 | CUSIP: 05594LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4606070 | PA      | $4614706.60   | 0.20%             | 2042-11-15      | Variable      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| MUTUAL OF OMAH 4.514% 06/09/28  | MUTUAL OF OMAHA GLOBAL REGD 144A P/P 4.51400000                                                      | CUSIP: 62829D2G4<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |   6450000 | PA      | $6438051.83   | 0.28%             | 2028-06-09      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| UST BDS 4.75% 2/15/37 912810PT9 | UST BDS 4.75% 2/15/37 912810PT9 4.75000000                                                           | CUSIP: 912810PT9<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  71925000 | PA      | $74071511.72  | 3.18%             | 2037-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| T/L GREAT OUTDOO 0% 01/23/32    | T/L GREAT OUTDOORS GROUP  LLC  REGD 0.00000000                                                       | CUSIP: 07014QAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6000065 | PA      | $6031565.18   | 0.26%             | 2032-01-23      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 3.375% 05/15/33    | UNITED STATES TREASURY NOTE 3.37500000                                                               | CUSIP: 91282CHC8<br>LEI: N/A                  | Long             | DBT              | UST               | US        | 173300000 | PA      | $164486069.45 | 7.06%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| COML MTG PASS V/R 07/12/28      | COML MTG PASS THRU CTF CL A    144A VARIABLE 6.89100000                                              | CUSIP: 228925AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4590000 | PA      | $4721806.90   | 0.20%             | 2028-07-12      | Variable      | 6.89%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA COR V/R /PERP/  | BANK OF AMERICA CORP REGD V/R /PERP/ SER RR 4.37500000                                               | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10715000 | PA      | $10616620.55  | 0.46%             | 2175-04-27      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| FRANKLIN BSP CAPIT 6% 10/02/30  | FRANKLIN BSP CAPITAL CO REGD 144A P/P 6.00000000                                                     | CUSIP: 35250VAC8<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | CORP              | US        |   3930000 | PA      | $3767605.64   | 0.16%             | 2030-10-02      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY & CO 4.75% 02/12/30   | ELI LILLY & CO REGD 4.75000000                                                                       | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   3770000 | PA      | $3833379.47   | 0.16%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDI 5.5% 01/11/31  | RGA GLOBAL FUNDING REGD 144A P/P 5.50000000                                                          | CUSIP: 76209PAD5<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   3460000 | PA      | $3565688.50   | 0.15%             | 2031-01-11      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| T/L ELANCO ANIMAL ZCP 10/28/32  | T/L ELANCO ANIMAL HEALTH INC REGD ZCP TERM LOAN 0.00000000                                           | CUSIP: 28414BAJ5<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |    657443 | PA      | $659086.77    | 0.03%             | 2032-10-28      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| T/L AXALTA COATIN ZCP 12/20/29  | T/L AXALTA COATING SYSTEMS US H REGD ZCP TERM LOAN 0.00000000                                        | CUSIP: 90347BAP3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1451653 | PA      | $1453162.44   | 0.06%             | 2029-12-20      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| BOLT 2025-1CON 5.29% 08/18/36   | BHG OWNER LOAN TRUST SERIES 2025-1CON SER 2025-1CON CL B REGD 144A P/P 5.29000000                    | CUSIP: 08860KAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7980000 | PA      | $7997205.68   | 0.34%             | 2036-08-18      | Fixed         | 5.29%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP 5.375% 07/15/31       | SUNOCO LP REGD 144A P/P 5.37500000                                                                   | CUSIP: 86765KAM1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   5740000 | PA      | $5713110.40   | 0.25%             | 2031-07-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITA 5.275% 06/24/27  | HYUNDAI CAPITAL AMERICA REGD 144A P/P 5.27500000                                                     | CUSIP: 44891ADB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4830000 | PA      | $4868017.61   | 0.21%             | 2027-06-24      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| BLKMM 2021-6A ER V/R 04/20/37   | BLACKROCK RAINIER CLO VI LTD SER 2021-6A CL ER V/R REGD 144A P/P 11.92523000                         | CUSIP: 09261MBC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7700000 | PA      | $7423713.22   | 0.32%             | 2037-04-20      | Variable      | 11.93%                | Yes           |                  2 | On Loan: No      |
| T/L ATHENAHEAL 0% 02/15/29      | T/L ATHENAHEALTH INC REGD 0.00000000                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4496190 | PA      | $4476136.92   | 0.19%             | 2029-02-15      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF  5.05% 09/01/34  | SOUTHERN CALIF GAS CO REGD 5.05000000                                                                | CUSIP: 842434DB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4650000 | PA      | $4660555.27   | 0.20%             | 2034-09-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| HBCT 2015-HB10 C V/R 08/05/25   | HUDSONS BAY SIMON JV TRUST 2015-HBS SER 2015-HB10 CL C10 V/R REGD 144A P/P 5.62856700                | CUSIP: 44422PBY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $927913.60    | 0.04%             | 2034-08-05      | Variable      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| APOLLO GLOBAL V/R 09/15/53      | APOLLO GLOBAL MANAGEMENT      /PREFERRED/ 0.00000000                                                 | CUSIP: 03769M205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     79000 | NS      | $2030300.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATL I 4.55% 03/10/29  | FIDELITY NATL INFO SERV REGD 4.55000000                                                              | CUSIP: 31620MCD6<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   4725000 | PA      | $4706548.26   | 0.20%             | 2029-03-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTAN 9.25% 12/15/28  | CREDIT ACCEPTANC REGD 144A P/P 9.25000000                                                            | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4125000 | PA      | $4301583.00   | 0.18%             | 2028-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| GOLUB CAPITAL CA 5.8% 09/12/29  | GOLUB CAPITAL CAP FND REGD SER WI 5.80000000                                                         | CUSIP: 38179RAB1<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |   3940000 | PA      | $3904662.30   | 0.17%             | 2029-09-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPEC 5.95% 09/17/30  | DRAWBRIDGE SPEC OPPOR FU REGD 144A P/P 5.95000000                                                    | CUSIP: 26150TAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5860000 | PA      | $5552234.79   | 0.24%             | 2030-09-17      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| F/C US LONG BOND(CBT) JUN26     | FUTURE CONTRACT ON           US LONG BOND(CBT) JUN26 0.00000000                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       270 | NC      | $30467812.50  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM GROSVENOR DIV  6% 11/15/31  | GCM GROSVENOR DIV LLC REGD 144A P/P 6.00000000                                                       | CUSIP: 36831FAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2188920.00   | 0.09%             | 2031-11-15      | Fixed         | 6.00%                 | Yes           |                  3 | On Loan: No      |
| ROCHE HOLDINGS 4.909% 03/08/31  | ROCHE HOLDINGS INC REGD 144A P/P 4.90900000                                                          | CUSIP: 771196CK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4210000 | PA      | $4297579.24   | 0.18%             | 2031-03-08      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| SUTTER HEALTH 5.213% 08/15/32   | SUTTER HEALTH REGD SER 2025 5.21300000                                                               | CUSIP: 86944BAP8<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |   4585000 | PA      | $4689362.99   | 0.20%             | 2032-08-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL F 4.83% 05/09/28  | ATHENE GLOBAL FUNDING REGD 144A P/P 4.83000000                                                       | CUSIP: 04685A4N8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   8205000 | PA      | $8184651.03   | 0.35%             | 2028-05-09      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| ARBOR REALTY TRU 4.5% 03/15/27  | ARBOR REALTY TRUST INC REGD 144A P/P SER QIB 4.50000000                                              | CUSIP: 038923AQ1<br>LEI: 549300ASFUWYQO0RW077 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1891197.10   | 0.08%             | 2027-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ONDK 2025-2A A 4.84% 11/17/28   | ONDECK ASSET SECURITIZATION IV LLC SER 2025-2A CL A REGD 144A P/P 4.84000000                         | CUSIP: 67108SAH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11360000 | PA      | $11251176.88  | 0.48%             | 2032-11-17      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| DRSLF 2024-115A  V/R 04/18/37   | DRYDEN 115 CLO LTD SER 2024-115A CL B V/R REGD 144A P/P 5.67523000                                   | CUSIP: 26248DAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   4630000 | PA      | $4655824.75   | 0.20%             | 2037-04-18      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| NEXSTAR MEDIA IN 6.5% 09/15/33  | NEXSTAR MEDIA INC REGD 144A P/P 6.50000000                                                           | CUSIP: 65346UAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2447000 | PA      | $2465832.11   | 0.11%             | 2033-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| T/L HILCORP ENE 0.00% 02/06/30  | T/L HILCORP ENERGY I LP 0% 0.00000000                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2593800 | PA      | $2595952.85   | 0.11%             | 2030-02-06      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| AEGON LTD V/R 04/11/48          | AEGON LTD REGD V/R 5.50000000                                                                        | CUSIP: 007924AJ2<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | DBT              | CORP              | BM        |   7105000 | PA      | $7111913.17   | 0.31%             | 2048-04-11      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| DAVINCIRE HOLDI 5.95% 04/15/35  | DAVINCIRE HOLDINGS LTD REGD 144A P/P 5.95000000                                                      | CUSIP: 23879AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3155000 | PA      | $3187725.65   | 0.14%             | 2035-04-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 09/24/26          | UNITED STATES TREASURY BILL ZCP 0.00000000                                                           | CUSIP: 912797UH8<br>LEI: N/A                  | Long             | STIV             | UST               | US        |   4750000 | PA      | $4680524.79   | 0.20%             | 2026-09-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CGCC 2014-FL2 D V/R 11/15/31    | CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 SER 2014-FL2 CL D V/R REGD 144A P/P 7.76919000            | CUSIP: 12528PAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    786000 | PA      | $546079.16    | 0.02%             | 2031-11-15      | Variable      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| EQUITABLE AMERI 4.95% 06/09/30  | EQUITABLE AMERICA GLOBAL REGD 144A P/P 4.95000000                                                    | CUSIP: 29446Q2B8<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   9030000 | PA      | $9055458.37   | 0.39%             | 2030-06-09      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE PRIV 4.95% 09/26/27  | BLACKSTONE PRIVATE CRE REGD SER WI 4.95000000                                                        | CUSIP: 09261HBR7<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4287582.24   | 0.18%             | 2027-09-26      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BX 2024-PALM A V/R 06/15/26     | BX 2024-PALM SER 2024-PALM CL A V/R REGD 144A P/P 5.19571000                                         | CUSIP: 05612UAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4387500 | PA      | $4387607.49   | 0.19%             | 2037-06-15      | Variable      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/ 7.375% 03/01/31  | CCO HLDGS LLC/CAP CORP REGD 144A P/P 7.37500000                                                      | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5110000 | PA      | $5172454.42   | 0.22%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BAE SYSTEMS PLC 3.4% 04/15/30   | BAE SYSTEMS PLC REGD 144A P/P 3.40000000                                                             | CUSIP: 05523RAD9<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   2220000 | PA      | $2132298.83   | 0.09%             | 2030-04-15      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC 4.55% 03/13/33   | AMAZON.COM INC REGD 4.55000000                                                                       | CUSIP: 023135DE3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $4889745.18   | 0.21%             | 2033-03-13      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDI 4.4% 09/06/26  | SOUTHERN CAL EDISON REGD 4.40000000                                                                  | CUSIP: 842400JF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4420000 | PA      | $4422561.35   | 0.19%             | 2026-09-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CGNT 2024-1A  7.924% 05/25/29   | COGENT IPV4 LLC SER 2024-1A CL A2 REGD 144A P/P 7.92400000                                           | CUSIP: 19240JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8990000 | PA      | $9341165.58   | 0.40%             | 2054-05-25      | Fixed         | 7.92%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 07/22/28  | JPMORGAN CHASE & CO REGD V/R 4.97900000                                                              | CUSIP: 46647PEL6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3745076.19   | 0.16%             | 2028-07-22      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| OPTN 2021-C A 2.18% 10/08/31    | OPORTUN ISSUANCE TRUST 2021-C SER 2021-C CL A REGD 144A P/P 2.18000000                               | CUSIP: 68377WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1297268 | PA      | $1280415.60   | 0.05%             | 2031-10-08      | Fixed         | 2.18%                 | Yes           |                  2 | On Loan: No      |
| ALEXANDER FUND 7.467% 07/31/28  | ALEXANDER FUND TRUST II REGD 144A P/P 7.46700000                                                     | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4160000 | PA      | $4378204.69   | 0.19%             | 2028-07-31      | Fixed         | 7.47%                 | Yes           |                  2 | On Loan: No      |
| MDPK 2020-47A BR V/R 04/19/37   | MADISON PARK FUNDING XLVII LTD SER 2020-47A CL BR V/R REGD 144A P/P 5.62523000                       | CUSIP: 55820FAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3060000 | PA      | $3075521.85   | 0.13%             | 2037-04-19      | Variable      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| FIFTH THIRD BANCO V/R 10/27/28  | FIFTH THIRD BANCORP REGD V/R 6.36100000                                                              | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   6240000 | PA      | $6403835.57   | 0.27%             | 2028-10-27      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| T/L FLUTTER FINA 0% 11/30/30/   | T/L FLUTTER FINANCING B V      REGD 0.00000000                                                       | CUSIP: N3313EAG5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6003934 | PA      | $5981419.26   | 0.26%             | 2030-11-30      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK  V/R 04/20/29  | BANK OF NEW YORK MELLON REGD V/R SER . 4.72900000                                                    | CUSIP: 06405LAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2670990.99   | 0.11%             | 2029-04-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| BX 2024-GPA2 B V/R 11/15/26     | BX COMMERCIAL MORTGAGE TRUST 2024-GPA2 SER 2024-GPA2 CL B V/R REGD 144A P/P 5.54656000               | CUSIP: 12433DAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5701619 | PA      | $5708745.53   | 0.24%             | 2041-11-15      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| PROTECTIVE LIF 4.335% 09/13/27  | PROTECTIVE LIFE GLOBAL REGD 144A P/P 4.33500000                                                      | CUSIP: 74368CBZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6115000 | PA      | $6107166.69   | 0.26%             | 2027-09-13      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| WOODSIDE FINANCE 5.4% 05/19/30  | WOODSIDE FINANCE LTD REGD 5.40000000                                                                 | CUSIP: 980236AT0<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   5040000 | PA      | $5148393.72   | 0.22%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GR V/R 03/06/29  | LLOYDS BANKING GROUP PLC REGD V/R 5.87100000                                                         | CUSIP: 539439AX7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2160000 | PA      | $2212273.51   | 0.09%             | 2029-03-06      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| EDGE 2024-1 A2 6% 07/25/29      | EDGECONNEX DATA CENTERS ISSUER LLC SER 2024-1 CL A2 REGD 144A P/P 6.00000000                         | CUSIP: 28000XAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4347656 | PA      | $4337199.73   | 0.19%             | 2054-07-27      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SWISS RE FINANCE  V/R 04/02/49  | SWISS RE FINANCE LUX REGD V/R 144A P/P 5.00000000                                                    | CUSIP: 87089NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   4830000 | PA      | $4803014.84   | 0.21%             | 2049-04-02      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AXOS FINANCIAL IN V/R 10/01/35  | AXOS FINANCIAL INC REGD V/R 7.00000000                                                               | CUSIP: 05465CAC4<br>LEI: 529900D8M56422GK9O25 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $4029000.00   | 0.17%             | 2035-10-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| VDCR 2023-1A A2A 5% 09/15/28    | RETAINED VANTAGE DATA CENTERS ISSUER LLC SER 2023-1A CL A2A REGD 144A P/P 5.00000000                 | CUSIP: 76134KAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5240000 | PA      | $5214498.49   | 0.22%             | 2048-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AXON ENTERPRIS 6.125% 03/15/30  | AXON ENTERPRISE INC REGD 144A P/P 6.12500000                                                         | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $6237346.93   | 0.27%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CAALT 2023-1A  7.71% 11/16/26   | CREDIT ACCEPTANCE AUTO LOAN TRUST 2023-1 SER 2023-1A CL C REGD 144A P/P 7.71000000                   | CUSIP: 224927AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2330000 | PA      | $2359137.82   | 0.10%             | 2033-07-15      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| FHLB D/N 05/01/26               | FEDERAL HOME LOAN BANK DISCOUNT NOTES 0.00000000                                                     | CUSIP: 313385WF9<br>LEI: N/A                  | Long             | STIV             | USGA              | US        |  18000000 | PA      | $18000000.00  | 0.77%             | 2026-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MTN 2022-LPFL B V/R 03/15/27    | MTN COMMERCIAL MORTGAGE TRUST 2022-LPFL SER 2022-LPFL CL B V/R REGD 144A P/P 5.55560000              | CUSIP: 62475WAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5860000 | PA      | $5856546.70   | 0.25%             | 2039-03-15      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| SCENTRE GROUP TRU V/R 09/24/80  | SCENTRE GROUP TRUST 2 REGD V/R 144A P/P 5.12500000                                                   | CUSIP: 76025LAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   1345000 | PA      | $1354475.53   | 0.06%             | 2080-09-24      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| WESTF 2023-A A 8% 10/15/29      | WILLIS ENGINE STRUCTURED TRUST VII SER 2023-A CL A REGD 144A P/P 8.00000000                          | CUSIP: 97064YAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    552895 | PA      | $562704.76    | 0.02%             | 2048-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CFG 2025-1 A 6.47% 03/25/29     | CFG INVESTMENTS LTD SER 2025-1 CL A REGD 144A P/P 6.47000000                                         | CUSIP: 12528GAM4<br>LEI: 549300C3OD89QRWQ1Y92 | Long             | ABS-CBDO         | CORP              | KY        |   7530000 | PA      | $7591219.65   | 0.33%             | 2036-03-25      | Fixed         | 6.47%                 | Yes           |                  2 | On Loan: No      |
| MACY'S RETAIL  5.875% 03/15/30  | MACY'S RETAIL HLDGS LLC REGD 144A P/P 5.87500000                                                     | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1143000 | PA      | $1139892.30   | 0.05%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| ENSTAR GROUP LTD V/R 04/01/45   | ENSTAR GROUP LTD REGD V/R 144A P/P 7.50000000                                                        | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   4460000 | PA      | $4617107.96   | 0.20%             | 2045-04-01      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BMW US CAPITAL  5.05% 03/21/30  | BMW US CAPITAL LLC REGD 144A P/P 5.05000000                                                          | CUSIP: 05565ECY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3835000 | PA      | $3886948.10   | 0.17%             | 2030-03-21      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| MUNICH RE V/R 05/23/42          | MUNICH RE REGD V/R 144A P/P 5.87500000                                                               | CUSIP: 62582PAA8<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |   9815000 | PA      | $10063926.46  | 0.43%             | 2042-05-23      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MET LIFE GLOB FU 3.3% 03/21/29  | MET LIFE GLOB FUNDING I REGD 144A P/P MTN 3.30000000                                                 | CUSIP: 59217GEZ8<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1637382.86   | 0.07%             | 2029-03-21      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| CAUTO 2024-2A  5.25% 05/15/29   | CAPITAL AUTOMOTIVE REIT SER 2024-2A CL A2 REGD 144A P/P 5.25000000                                   | CUSIP: 12510HAX8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5581250 | PA      | $5574850.54   | 0.24%             | 2054-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CION INVESTMENT 7.5% 12/30/29   | CION INVESTMENT CORP          /PREFERRED/ 0.00000000                                                 | CUSIP: 17259U303<br>LEI: 549300XN70JLF94XKX80 | Long             | EP               | CORP              | US        |    215000 | NS      | $5424450.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RCLT 2019-2 A V/R 12/27/44      | READYCAP LENDING SMALL BUSINESS LOAN TRUST 2 SER 2019-2 CL A V/R REGD 144A P/P 6.25000000            | CUSIP: 75576QAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     55634 | PA      | $55597.61     | 0.00%             | 2044-12-27      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE INC 9% 02/01/31       | COREWEAVE INC REGD 144A P/P 9.00000000                                                               | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1719031.04   | 0.07%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER HOLDING V/R 03/20/31  | SANTANDER HOLDINGS USA REGD V/R 5.74100000                                                           | CUSIP: 80282KBQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5115000 | PA      | $5256897.98   | 0.23%             | 2031-03-20      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| AESOP 2026-2A A 4.6% 08/20/31   | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2026-2A CL A REGD 144A P/P 4.60000000                   | CUSIP: 05377RLG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6130000 | PA      | $6060414.08   | 0.26%             | 2032-08-20      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| CION INVESTMENT 7.5% 03/31/31   | CION INVESTMENT CORP          /PREFERRED/ 0.00000000                                                 | CUSIP: 17259U402<br>LEI: 549300XN70JLF94XKX80 | Long             | EP               | CORP              | US        |    236800 | NS      | $5962624.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUSPOINT LTD 7% 04/05/29     | SIRIUSPOINT LTD REGD 7.00000000                                                                      | CUSIP: 82969BAA0<br>LEI: 549300OGXFI85N3YZZ51 | Long             | DBT              | CORP              | BM        |   3735000 | PA      | $3913014.02   | 0.17%             | 2029-04-05      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CGCMT 2023-PRM3  V/R 07/10/28   | CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-PRM3 SER 2023-PRM3 CL B V/R REGD 144A P/P 6.57172100        | CUSIP: 17331LAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2870000 | PA      | $2941024.75   | 0.13%             | 2028-07-10      | Variable      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| T/L HOPPER MERGER ZCP 04/09/29  | T/L HOPPER MERGER SUB INC_____  REGD ZCP TERM LOAN____ 0.00000000                                    | CUSIP: 43644ABK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12225000 | PA      | $12102750.00  | 0.52%             | 2029-04-09      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| CAALT 2024-3A  4.85% 01/17/28   | CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-3 SER 2024-3A CL B REGD 144A P/P 4.85000000                   | CUSIP: 22535LAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5860000 | PA      | $5867291.01   | 0.25%             | 2034-11-15      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| LCM 42A B V/R 01/15/38          | LCM 42 LTD SER 42A CL B V/R REGD 144A P/P 5.47310000                                                 | CUSIP: 52113AAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8540000 | PA      | $8552556.36   | 0.37%             | 2038-01-15      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| F&G ANNUITIES &  7.4% 01/13/28  | F&G ANNUITIES & LIFE INC REGD SER WI 7.40000000                                                      | CUSIP: 30190AAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5540000 | PA      | $5650017.53   | 0.24%             | 2028-01-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| CRESCENT CAP BDC 5% 5/25/26/    | CRESCENT CAP BDC INC          /PREFERRED/ 0.00000000                                                 | CUSIP: 225655208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     99600 | NS      | $2496972.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SCULTOR ALTERN SOL 6% 05/15/29  | SCULTOR ALTERN SOLUTIONS REGD 144A P/P 6.00000000                                                    | CUSIP: 811243AE4<br>LEI: 549300MT2IHVJVYVLW85 | Long             | DBT              | CORP              | US        |   4620000 | PA      | $4258716.00   | 0.18%             | 2029-05-15      | Fixed         | 6.00%                 | Yes           |                  3 | On Loan: No      |
| T/L MATIV HOLDIN 0% 03/30/33    | T/L MATIV HOLDINGS INC REGD 0.00000000                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5085000 | PA      | $5034150.00   | 0.22%             | 2033-03-30      | Variable      | 8.15%                 | No            |                  2 | On Loan: No      |
| OLIN CORP 6.625% 04/01/33       | OLIN CORP REGD 144A P/P 6.62500000                                                                   | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |   6570000 | PA      | $6508551.45   | 0.28%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| NESTLE CAPITAL  4.75% 03/12/31  | NESTLE CAPITAL CORP REGD 144A P/P 4.75000000                                                         | CUSIP: 64105MAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4765000 | PA      | $4833752.95   | 0.21%             | 2031-03-12      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| T/L HILLENBRAND 0% 01/22/2033   | T/L HILLENBRAND INC REGD 0.00000000                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9899898 | PA      | $9901184.74   | 0.42%             | 2033-01-22      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC V/R 03/02/34  | NATWEST GROUP PLC REGD V/R 6.01600000                                                                | CUSIP: 639057AH1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1780000 | PA      | $1871155.10   | 0.08%             | 2034-03-02      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPE 4.375% 01/15/27  | STARWOOD PROPERTY TRUST REGD 144A P/P 4.37500000                                                     | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   2065000 | PA      | $2056920.69   | 0.09%             | 2027-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| TOWN 2025-STAY A V/R 03/15/27   | INTOWN 2025-STAY MORTGAGE TRUST SER 2025-STAY CL A V/R REGD 144A P/P 5.00500000                      | CUSIP: 46117WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9760000 | PA      | $9753900.00   | 0.42%             | 2042-03-15      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| OMFIT 2022-S1  4.13% 08/14/26   | ONEMAIN FINANCIAL ISSUANCE TRUST 2022-S1 SER 2022-S1 CL A REGD 144A P/P 4.13000000                   | CUSIP: 68267HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    741228 | PA      | $741127.81    | 0.03%             | 2035-05-14      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL  V/R 01/24/30  | TRUIST FINANCIAL CORP REGD V/R MTN 5.43500000                                                        | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   4445000 | PA      | $4548350.65   | 0.20%             | 2030-01-24      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E 5.2% 03/15/36   | SAN DIEGO G & E REGD SER DDDD 5.20000000                                                             | CUSIP: 797440CH5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1620831.29   | 0.07%             | 2036-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDING V/R 03/09/29  | SANTANDER HOLDINGS USA REGD V/R 6.49900000                                                           | CUSIP: 80282KBF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2360000 | PA      | $2433510.93   | 0.10%             | 2029-03-09      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| T/L CONNECT FINCO 0% 09/27/29   | T/L CONNECT FINCO SARL 0% 0.00000000                                                                 | CUSIP: L2000DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |  11224333 | PA      | $11247454.70  | 0.48%             | 2029-09-27      | Variable      | 8.15%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE  4.402% 12/11/30  | GUARDIAN LIFE GLOB FUND REGD 144A P/P 4.40200000                                                     | CUSIP: 40139LBP7<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |   4525000 | PA      | $4492732.77   | 0.19%             | 2030-12-11      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| T/L SOTERA HEALTH 0% 05/30/31   | T/L SOTERA HEALTH HOLDINGS     LLC REGD 0.00000000                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4469015 | PA      | $4482064.48   | 0.19%             | 2031-05-30      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIO 4.625% 12/15/28  | AMERICAN NATIONAL GF REGD 144A P/P MTN 4.62500000                                                    | CUSIP: 02771D2D5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5400000 | PA      | $5364547.97   | 0.23%             | 2028-12-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE FIN 3.65% 05/11/27  | CAPITAL ONE FINANCIAL CO REGD 3.65000000                                                             | CUSIP: 14040HCE3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2345000 | PA      | $2329901.95   | 0.10%             | 2027-05-11      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| RMIT 2024-1 A 5.83% 06/15/28    | REGIONAL MANAGEMENT ISSUANCE TRUST 2024-1 SER 2024-1 CL A REGD 144A P/P 5.83000000                   | CUSIP: 758983AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5510000 | PA      | $5579492.12   | 0.24%             | 2036-07-15      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN COASTA 6.25% 12/15/27  | AMERICAN COASTAL INSURAN REGD 6.25000000                                                             | CUSIP: 910710AA0<br>LEI: 5299002P9105LJQA8G51 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2932741.14   | 0.13%             | 2027-12-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| MDPK 2024-67A B V/R 04/25/37    | MADISON PARK FUNDING LXVII LTD SER 2024-67A CL B V/R REGD 144A P/P 5.71659000                        | CUSIP: 55821YAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4340000 | PA      | $4364241.50   | 0.19%             | 2037-04-25      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY & CO 4.25% 03/15/31   | ELI LILLY & CO REGD 4.25000000                                                                       | CUSIP: 532457DC9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   4800000 | PA      | $4775142.96   | 0.20%             | 2031-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OFS CAPITAL CORP 7.5% 07/31/28  | OFS CAPITAL CORP /PREFERRED/ 0.00000000                                                              | CUSIP: 67103B803<br>LEI: 549300XTK3HSWPDBJD13 | Long             | EP               | CORP              | US        |    177000 | NS      | $4543590.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FHMS K753 X3 V/R 12/25/30       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K753 CL X3 V/R 5.03910400                | CUSIP: 3137HB2P8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7660000 | PA      | $1441798.90   | 0.06%             | 2030-12-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL L 4.4% 03/19/29  | BMW US CAPITAL LLC REGD 144A P/P 4.40000000                                                          | CUSIP: 05565EDG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9025000 | PA      | $9011219.55   | 0.39%             | 2029-03-19      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| F&G GLOBAL FUNDI 4.5% 01/09/29  | F&G GLOBAL FUNDING REGD 144A P/P 4.50000000                                                          | CUSIP: 30321L2M3<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5883106.32   | 0.25%             | 2029-01-09      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 05/12/26          | UNITED STATES TREASURY BILL ZCP 0.00000000                                                           | CUSIP: 912797TR8<br>LEI: N/A                  | Long             | STIV             | UST               | US        |  18930000 | PA      | $18909090.24  | 0.81%             | 2026-05-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCT 2.5% 06/15/26  | XPLR INFRASTRUCTURE LP REGD 144A P/P CONVERTIBLE 2.50000000                                          | CUSIP: 65341BAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8440000 | PA      | $8397800.00   | 0.36%             | 2026-06-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 04/20/28     | MORGAN STANLEY REGD V/R 4.21000000                                                                   | CUSIP: 61747YER2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1995846.26   | 0.09%             | 2028-04-20      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC V/R 03/09/34  | HSBC HOLDINGS PLC REGD V/R 6.25400000                                                                | CUSIP: 404280DV8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3285000 | PA      | $3484603.89   | 0.15%             | 2034-03-09      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| NEUB 2021-40A AR V/R 10/16/37   | NEUBERGER BERMAN LOAN ADVISERS CLO 4 SER 2021-40A CL AR V/R REGD 144A P/P 4.90952000                 | CUSIP: 64134JAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4800000 | PA      | $4803305.76   | 0.21%             | 2037-10-16      | Variable      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| HAT HOLDINGS I 3.375% 06/15/26  | HAT HOLDINGS I LLC/HAT REGD 144A P/P 3.37500000                                                      | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2065000 | PA      | $2060722.81   | 0.09%             | 2026-06-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP 7% 05/01/29           | SUNOCO LP REGD 144A P/P 7.00000000                                                                   | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   4480000 | PA      | $4626280.96   | 0.20%             | 2029-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| T/L GEON PERFORMANC 0% 8/18/28  | T/L GEON PERFORMANCE           SOLUTIONS LLC REGD 0.00000000                                         | CUSIP: 37254YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7250417 | PA      | $6585770.87   | 0.28%             | 2028-08-18      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC V/R 05/07/28      | CITIGROUP INC REGD V/R 4.64300000                                                                    | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7513048.35   | 0.32%             | 2028-05-07      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| STEWART INFORMAT 3.6% 11/15/31  | STEWART INFORMATION SERV REGD 3.60000000                                                             | CUSIP: 86038AAA0<br>LEI: 529900TV1XI0PLKENU10 | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1687410.41   | 0.07%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC A V/R 11/15/27     | DBC 2025-DBC MORTGAGE TRUST SER 2025-DBC CL A V/R REGD 144A P/P 5.00500000                           | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9580000 | PA      | $9585987.50   | 0.41%             | 2042-11-15      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| T/L AADVANTAGE LO ZCP 05/28/32  | T/L AADVANTAGE LOYALTY IP REGD ZCP TERM LOAN 0.00000000                                              | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1940400 | PA      | $1930290.52   | 0.08%             | 2032-05-07      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| EF HOLD/EF KY/ 5.875% 04/01/27  | EF HOLD/EF KY/ELL KY/TRS REGD 144A P/P SER QIB 5.87500000                                            | CUSIP: 26845AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   5075000 | PA      | $4895984.70   | 0.21%             | 2027-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SALESFORCE INC 5.55% 03/15/36   | SALESFORCE INC REGD 5.55000000                                                                       | CUSIP: 79466LAU8<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |  15415000 | PA      | $15372418.84  | 0.66%             | 2036-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| VDC 2025-2A A 5.239% 01/15/31   | VANTAGE DATA CENTERS ISSUER LLC SER 2025-2A CL A2 REGD 144A P/P 5.23900000                           | CUSIP: 92212KAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7340000 | PA      | $7185778.53   | 0.31%             | 2055-11-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| HA SUSTAINABLE IN V/R 06/01/56  | HA SUSTAINABLE INF CAP REGD V/R 8.00000000                                                           | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   3090000 | PA      | $3280035.00   | 0.14%             | 2056-06-01      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS V/R 05/09/31        | BNP PARIBAS REGD V/R 144A P/P 5.08500000                                                             | CUSIP: 09659W3D4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4670000 | PA      | $4713046.57   | 0.20%             | 2031-05-09      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| OXFORD FIN LLC 6.375% 02/01/27  | OXFORD FIN LLC/CO-ISS II REGD 144A P/P 6.37500000                                                    | CUSIP: 69145LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7300000 | PA      | $7298264.79   | 0.31%             | 2027-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ONDK 2024-2A A 4.98% 10/18/27   | ONDECK ASSET SECURITIZATION TRUST IV LLC SER 2024-2A CL A REGD 144A P/P 4.98000000                   | CUSIP: 67108SAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4600000 | PA      | $4595814.92   | 0.20%             | 2031-10-17      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| SDART 2023-5 C 6.43% 12/15/27   | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-5 SER 2023-5 CL C REGD 6.43000000                        | CUSIP: 80286PAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2240000 | PA      | $2298645.66   | 0.10%             | 2031-02-18      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED V/R 06/17/32   | ASB BANK LIMITED REGD V/R 144A P/P 5.28400000                                                        | CUSIP: 04342JAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | NZ        |   2790000 | PA      | $2803035.49   | 0.12%             | 2032-06-17      | Variable      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| CYRUS 2025-1A  5.91% 02/20/30   | CYRUSONE DATA CENTERS ISSUER I LLC SER 2025-1A CL A2 REGD 144A P/P 5.91000000                        | CUSIP: 23284BAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4100000 | PA      | $4119249.91   | 0.18%             | 2050-02-20      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| ALPHABET INC 4.4% 02/15/33      | ALPHABET INC REGD 4.40000000                                                                         | CUSIP: 02079KBL0<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   5190000 | PA      | $5110032.38   | 0.22%             | 2033-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SIDC 2026-1A A2 5% 03/25/31     | STACK INFRASTRUCTURE ISSUER LLC SER 2026-1A CL A2 REGD 144A P/P 5.00000000                           | CUSIP: 85236KAR3<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-CBDO         | CORP              | US        |  11500000 | PA      | $11101620.45  | 0.48%             | 2056-03-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| OXFINF 2025-A 5.878% 06/14/31   | OXFORD FINANCE CREDIT FUND III 2025-A LP SER 2025-A CL A2 REGD 144A P/P 5.87800000                   | CUSIP: 69145VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6170000 | PA      | $6202417.18   | 0.27%             | 2034-08-14      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC V/R 11/03/28  | HSBC HOLDINGS PLC REGD V/R 7.39000000                                                                | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2140000 | PA      | $2226723.78   | 0.10%             | 2028-11-03      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| T/L STARWOOD PROP ZCP 08/16/32  | T/L STARWOOD PROPERTY MORTGA REGD ZCP TERM LOAN 0.00000000                                           | CUSIP: 85570DAP7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4731225 | PA      | $4744519.74   | 0.20%             | 2032-08-16      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST O 8.625% 03/15/33  | XPLR INFRAST OPERATING REGD 144A P/P 8.62500000                                                      | CUSIP: 98380MAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7675000 | PA      | $8224650.27   | 0.35%             | 2033-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| BANK OF NOVA S 2.951% 03/11/27  | BANK OF NOVA SCOTIA REGD SER FXD 2.95100000                                                          | CUSIP: 06418BAE8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   3095000 | PA      | $3064972.77   | 0.13%             | 2027-03-11      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| FREMF 2025-K170 0.1% 02/25/35   | FREMF 2025-K170 MORTGAGE TRUST SER 2025-K170 CL X2A REGD 144A P/P 0.10000000                         | CUSIP: 356920AN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        | 350930331 | PA      | $2061785.88   | 0.09%             | 2063-02-25      | Variable      | 0.10%                 | Yes           |                  2 | On Loan: No      |
| ADMSO 2023-1  6.967% 07/15/28   | ADAMS OUTDOOR ADVERTISING LP SER 2023-1 CL A2 REGD 144A P/P 6.96700000                               | CUSIP: 006346AW0<br>LEI: 549300BTFXNHDCUHER30 | Long             | ABS-CBDO         | CORP              | US        |   2630000 | PA      | $2655977.30   | 0.11%             | 2053-07-15      | Fixed         | 6.97%                 | Yes           |                  2 | On Loan: No      |
| PSTAT 2025-3A A1 V/R 01/15/34   | PALMER SQUARE LOAN FUNDING 2025-3 LTD SER 2025-3A CL A1 V/R REGD 144A P/P 4.66000000                 | CUSIP: 696918AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5380000 | PA      | $5379765.97   | 0.23%             | 2034-01-15      | Variable      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| BJETS 2024-1A 6.197% 05/15/30   | BUSINESS JET SECURITIES 2024-1 LLC SER 2024-1A CL A REGD 144A P/P 6.19700000                         | CUSIP: 12327CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2722232 | PA      | $2762724.55   | 0.12%             | 2039-05-15      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL /PFD/       | ELLINGTON FINANCIAL           /PREFERRED/ 0.00000000                                                 | CUSIP: 28852N406<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |     66200 | NS      | $1684790.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| T/L MPH ACQUIS 0% 12/31/30      | T/L MPH ACQUISITION HOLDINGS   LLC REGD 0.00000000                                                   | CUSIP: 55328HAQ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5636147 | PA      | $5028232.11   | 0.22%             | 2030-12-31      | Variable      | 8.26%                 | No            |                  2 | On Loan: No      |
| T/L MEGA BROADB 0% 11/12/2027   | T/L MEGA BROADBAND INVESTMENTS LLC REGD 0.00000000                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10442340 | PA      | $10089910.73  | 0.43%             | 2027-11-12      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC F V/R 10/15/54  | GLOBAL ATLANTIC FIN CO REGD V/R 144A P/P 7.95000000                                                  | CUSIP: 37959GAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1980589.25   | 0.08%             | 2054-10-15      | Variable      | 7.95%                 | Yes           |                  2 | On Loan: No      |
| T/L ALLSPRING BUY ZCP 11/01/30  | T/L ALLSPRING BUYER LLC REGD ZCP TERM LOAN 0.00000000                                                | CUSIP: 98922AAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5535846 | PA      | $5556605.88   | 0.24%             | 2030-11-01      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| QTS FAYETTEV I D 5.7% 04/15/36  | QTS FAYETTEV I DC1-2/TRS REGD 144A P/P 5.70000000                                                    | CUSIP: 74751AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7755000 | PA      | $7542504.39   | 0.32%             | 2036-04-15      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| RMIT 2025-2 A 4.59% 01/15/29    | REGIONAL MANAGEMENT ISSUANCE TRUST 2025-2 SER 2025-2 CL A REGD 144A P/P 4.59000000                   | CUSIP: 75908BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8910000 | PA      | $8843592.88   | 0.38%             | 2037-11-16      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| AESOP 2023-4A  5.49% 06/20/28   | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2023-4A CL A REGD 144A P/P 5.49000000                   | CUSIP: 05377RGY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5200000 | PA      | $5293081.56   | 0.23%             | 2029-06-20      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET CAR 8.25% 01/15/30  | AVIS BUDGET CAR/FINANCE REGD 144A P/P 8.25000000                                                     | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3670000 | PA      | $3768209.20   | 0.16%             | 2030-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 4.375% 11/15/39    | UNITED STATES TREASURY BOND 4.37500000                                                               | CUSIP: 912810QD3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   1950000 | PA      | $1888605.46   | 0.08%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LFT 2026-1A A 4.8% 09/20/30     | LENDMARK FUNDING TRUST 2026-1 SER 2026-1A CL A REGD 144A P/P 4.80000000                              | CUSIP: 52603KAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16160000 | PA      | $16156929.60  | 0.69%             | 2035-11-20      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| SILVER POINT SPEC 4% 11/4/26    | SILVER POINT SPECIALTY CREDIT FUND LP SERIES 2021A SNR NOTE /RESTRICTED/ 4% DUE 11/4/2026 4.00000000 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3013339.00   | 0.13%             | 2026-11-04      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| BOWHEAD SPECIAL 7.75% 12/01/30  | BOWHEAD SPECIALTY HOLD REGD 7.75000000                                                               | CUSIP: 10240LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4505000 | PA      | $4450540.23   | 0.19%             | 2030-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD V/R 06/15/35    | ASCOT GROUP LTD REGD V/R 144A P/P 6.34900000                                                         | CUSIP: 04365XAB4<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |   3615000 | PA      | $3685811.13   | 0.16%             | 2035-06-15      | Variable      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| BANK LEUMI LE- 5.125% 07/27/27  | BANK LEUMI LE-ISRAEL REGD P/P 5.12500000                                                             | CUSIP: M1R786AY4<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |   1635000 | PA      | $1635436.55   | 0.07%             | 2027-07-27      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| OMFIT 2023-2A  6.17% 02/14/28   | ONEMAIN FINANCIAL ISSUANCE TRUST 2023-2 SER 2023-2A CL B REGD 144A P/P 6.17000000                    | CUSIP: 68269HAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6610000 | PA      | $6742860.34   | 0.29%             | 2036-09-15      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| T/L SWORD PURCHASE 0% 04/02/33  | T/L SWORD PURCHASER LLC REGD 0.00000000                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6385000 | PA      | $6190768.30   | 0.27%             | 2033-04-02      | Variable      | 7.65%                 | No            |                  2 | On Loan: No      |
| T/L ORACLE CORP ZCP 08/16/27    | T/L ORACLE CORP REGD ZCP TERM LOAN 0.00000000                                                        | CUSIP: 68401BAS6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | LON              | CORP              | US        |  16681486 | PA      | $16618930.92  | 0.71%             | 2027-08-16      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE 6.375% 07/01/34  | HA SUSTAINABLE INF CAP REGD SER WI 6.37500000                                                        | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |  11340000 | PA      | $11613530.21  | 0.50%             | 2034-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FREMF 2025-K170  ZCP 04/25/35   | FREMF 2025-K170 MORTGAGE TRUST SER 2025-K170 CL D ZCP REGD 144A P/P 0.00000000                       | CUSIP: 356920AS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21546523 | PA      | $9673059.41   | 0.42%             | 2063-02-25      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| T/L TPF II POWER 0% 10/02/2025  | T/L TPF II POWER LLC TL B 0.00000000                                                                 | CUSIP: 87264NAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7312853 | PA      | $7329599.05   | 0.31%             | 2028-04-03      | Variable      | 8.40%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUN 5.875% 06/10/27  | F&G GLOBAL FUNDING REGD 144A P/P MTN 5.87500000                                                      | CUSIP: 30321L2G6<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   4110000 | PA      | $4155706.32   | 0.18%             | 2027-06-10      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| LLOYDS BANKING GR V/R 11/15/33  | LLOYDS BANKING GROUP PLC REGD V/R 7.95300000                                                         | CUSIP: 539439AW9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2025000 | PA      | $2309914.30   | 0.10%             | 2033-11-15      | Variable      | 7.95%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF  5.45% 06/15/35  | SOUTHERN CALIF GAS CO REGD 5.45000000                                                                | CUSIP: 842434DC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4120000 | PA      | $4219439.70   | 0.18%             | 2035-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 06/02/28  | WELLS FARGO & COMPANY REGD V/R MTN 2.39300000                                                        | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1139999.01   | 0.05%             | 2028-06-02      | Variable      | 2.39%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL  5.033% 07/17/30  | ATHENE GLOBAL FUNDING REGD 144A P/P 5.03300000                                                       | CUSIP: 04685A4R9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   8565000 | PA      | $8482338.50   | 0.36%             | 2030-07-17      | Fixed         | 5.03%                 | Yes           |                  2 | On Loan: No      |
| MAIN STREET CAP 6.95% 03/01/29  | MAIN STREET CAPITAL CORP REGD 6.95000000                                                             | CUSIP: 56035LAH7<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4741256.43   | 0.20%             | 2029-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD 4.25% 12/15/30  | ASCOT GROUP LTD REGD 144A P/P 4.25000000                                                             | CUSIP: 04365XAA6<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |   2880000 | PA      | $2693237.21   | 0.12%             | 2030-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ONCOR ELECTRIC D 4.3% 05/15/28  | ONCOR ELECTRIC DELIVERY REGD 4.30000000                                                              | CUSIP: 68233JCQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3500790.58   | 0.15%             | 2028-05-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPIT 4.9% 03/07/31  | JOHN DEERE CAPITAL CORP REGD MTN 4.90000000                                                          | CUSIP: 24422EXN4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4710000 | PA      | $4806919.27   | 0.21%             | 2031-03-07      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| T/L NEXSTAR MEDI 0% 06/24/2032  | T/L NEXSTAR MEDIA INC REGD 0.00000000                                                                | CUSIP: 65336RBB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8007555 | PA      | $7989778.07   | 0.34%             | 2032-06-24      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB F 4.25% 04/13/28  | MET LIFE GLOB FUNDING I REGD 144A P/P 4.25000000                                                     | CUSIP: 592179KU8<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   4820000 | PA      | $4813898.12   | 0.21%             | 2028-04-13      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN IMPER 5.986% 10/03/28  | CANADIAN IMPERIAL BANK REGD 5.98600000                                                               | CUSIP: 13607LWV1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   3485000 | PA      | $3607484.30   | 0.15%             | 2028-10-03      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| FORDR 2024-1 A S/UP 02/15/29    | FORD CREDIT AUTO OWNER TRUST 2024-REV1 SER 2024-1 CL A S/UP REGD 144A P/P 4.87000000                 | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3340000 | PA      | $3387898.27   | 0.15%             | 2036-08-15      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| BX 2026-LP3 B V/R 04/15/28      | BX COMMERCIAL MORTGAGE TRUST 2026-LP3 SER 2026-LP3 CL B V/R REGD 144A P/P 5.20000000                 | CUSIP: 05620HAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7280000 | PA      | $7295925.00   | 0.31%             | 2043-04-15      | Variable      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| INDIANA ST FIN 3.313% 03/01/51  | INDIANA ST FIN AUTH REVENUE REGD B/E 3.31300000                                                      | CUSIP: 45506EDG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1141019.21   | 0.05%             | 2051-03-01      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| PARTNERRE FINANCE V/R 10/01/50  | PARTNERRE FINANCE B LLC REGD V/R 4.50000000                                                          | CUSIP: 70213BAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3708000 | PA      | $3531346.43   | 0.15%             | 2050-10-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| FIBER 2025-1A 5.208% 11/20/30   | SUMMIT ISSUER LLC SER 2025-1A CL A2 REGD 144A P/P 5.20800000                                         | CUSIP: 86613XAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8990000 | PA      | $8995260.95   | 0.39%             | 2055-11-20      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| NORDSTROM INC 4.375% 04/01/30   | NORDSTROM INC REGD 4.37500000                                                                        | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3278412.87   | 0.14%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FREMF 2023-K753  ZCP 12/25/30   | FREDDIE MAC MULTIFAMILY STRUCTURED PASS SER 2023-K753 CL D ZCP REGD 144A P/P 0.00000000              | CUSIP: 30333UAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7660000 | PA      | $5043650.40   | 0.22%             | 2060-11-25      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| T/L CENTRAL PAREN ZCP 07/06/29  | T/L CENTRAL PARENT LLC REGD    ZCP TERM LOAN 0.00000000                                              | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3548733 | PA      | $1586283.81   | 0.07%             | 2029-07-06      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 3.625% 05/15/53    | UNITED STATES TREASURY BOND 3.62500000                                                               | CUSIP: 912810TR9<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  18765000 | PA      | $14852937.35  | 0.64%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TRINITY CAPITAL 7.875% 3/30/29  | TRINITY CAPITAL INC/MD        /PREFERRED/ 0.00000000                                                 | CUSIP: 896442605<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |    175000 | NS      | $4445000.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COM V/R 03/02/33  | WELLS FARGO & COMPANY REGD V/R MTN 3.35000000                                                        | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3020000 | PA      | $2780316.67   | 0.12%             | 2033-03-02      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| T/L MEDLINE BORR 0% 10/23/30    | T/L MEDLINE BORROWER LP REGD 0.00000000                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7113457 | PA      | $7140559.52   | 0.31%             | 2030-10-23      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| MFIT 2024-BA B 5.33% 01/20/31   | MARINER FINANCE ISSUANCE TRUST 2024-B SER 2024-BA CL B REGD 144A P/P 5.33000000                      | CUSIP: 56847GAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2690000 | PA      | $2706686.88   | 0.12%             | 2038-11-20      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| TRFIG 2024-1A  5.98% 05/15/27   | TRAFIGURA SECURITISATION FINANCE PLC SER 2024-1A CL A2 REGD 144A P/P 5.98000000                      | CUSIP: 892725AX0<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-CBDO         | CORP              | IE        |   4480000 | PA      | $4485980.80   | 0.19%             | 2027-11-15      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| OXFIN 2025-1A 5.413% 02/16/32   | OXFORD FINANCE FUNDING TRUST 2025-1 LLC SER 2025-1A CL A2 REGD 144A P/P 5.41300000                   | CUSIP: 69144BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10010000 | PA      | $9999889.90   | 0.43%             | 2035-02-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL 5% 06/15/28  | REXFORD INDUSTRIAL REALT REGD 5.00000000                                                             | CUSIP: 76169XAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2779661.03   | 0.12%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BHG 2023-A B 6.35% 01/17/28     | BHG SECURITIZATION TRUST 2023-A SER 2023-A CL B REGD 144A P/P 6.35000000                             | CUSIP: 08860FAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3342690 | PA      | $3363026.69   | 0.14%             | 2036-04-17      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| T/L IQVIA INC 00.00% 01/02/31   | T/L IQVIA INC 0.00000000                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3622101 | PA      | $3647020.65   | 0.16%             | 2031-01-02      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| VCRRL 2021-1A 2.152% 10/20/31   | VCP RRL ABS I LTD SER 2021-1A CL A REGD 144A P/P 2.15200000                                          | CUSIP: 92243RAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    518307 | PA      | $492282.31    | 0.02%             | 2031-10-20      | Fixed         | 2.15%                 | Yes           |                  2 | On Loan: No      |
| DK 2024-SPBX B V/R 03/15/26     | DK TRUST 2024-SPBX SER 2024-SPBX CL B V/R REGD 144A P/P 5.40471000                                   | CUSIP: 23346LAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7330000 | PA      | $7330000.00   | 0.31%             | 2034-03-15      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL 5.15% 03/27/30  | HYUNDAI CAPITAL AMERICA REGD 144A P/P 5.15000000                                                     | CUSIP: 44891ADQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7770000 | PA      | $7854671.94   | 0.34%             | 2030-03-27      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| MFIT 2024-BA C 5.73% 03/20/31   | MARINER FINANCE ISSUANCE TRUST 2024-B SER 2024-BA CL C REGD 144A P/P 5.73000000                      | CUSIP: 56847GAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1735000 | PA      | $1750864.84   | 0.08%             | 2038-11-20      | Fixed         | 5.73%                 | Yes           |                  2 | On Loan: No      |
| F/C US ULTRA BOND CBT JUN26     | FUTURE CONTRACT ON           US ULTRA BOND CBT JUN26 0.00000000                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       620 | NC      | $71319375.00  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| T/L STARWOOD PR 0% 11/18/2027   | T/L STARWOOD PROPERTY MORTGAGE L.L.C REGD 0.00000000                                                 | CUSIP: 85570DAN2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1751750 | PA      | $1748194.11   | 0.08%             | 2027-11-18      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATION 5.25% 06/03/30  | AMERICAN NATIONAL GF REGD 144A P/P MTN 5.25000000                                                    | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5395000 | PA      | $5400461.52   | 0.23%             | 2030-06-03      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANCSH V/R 08/04/28  | HUNTINGTON BANCSHARES REGD V/R 4.44300000                                                            | CUSIP: 446150BB9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   6256000 | PA      | $6248591.77   | 0.27%             | 2028-08-04      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| ZAYO 2025-1A  5.648% 03/20/30   | ZAYO ISSUER LLC SER 2025-1A CL A2 REGD 144A P/P 5.64800000                                           | CUSIP: 98919WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5530000 | PA      | $5578773.49   | 0.24%             | 2055-03-20      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| ALP 2024-1A  10.036% 10/15/36   | ALP CFO 2024 LP SER 2024-1A CL B REGD 144A P/P 10.03600000                                           | CUSIP: 00165VAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4320000 | PA      | $4449470.40   | 0.19%             | 2036-10-15      | Fixed         | 10.04%                | Yes           |                  3 | On Loan: No      |
| US TREAS BDS 2.875% 05/15/52    | UNITED STATES TREASURY BOND 2.87500000                                                               | CUSIP: 912810TG3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   1250000 | PA      | $855664.06    | 0.04%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FREMF 2023-K753 0.1% 12/25/30   | FREDDIE MAC MULTIFAMILY STRUCTURED P SER 2023-K753 CL X2B REGD 144A P/P 0.10000000                   | CUSIP: 30333UAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  26240000 | PA      | $91383.42     | 0.00%             | 2060-11-25      | Variable      | 0.10%                 | Yes           |                  2 | On Loan: No      |
| DC 2023-DC B 6.804% 09/10/28    | DC COMMERCIAL MORTGAGE TRUST 2023-DC SER 2023-DC CL B REGD 144A P/P 6.80430000                       | CUSIP: 24023AAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2460000 | PA      | $2487638.10   | 0.11%             | 2040-09-12      | Fixed         | 6.80%                 | Yes           |                  2 | On Loan: No      |
| T/L COORSTEK INC 0% 10/10/32    | T/L COORSTEK INC 0.00000000                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4159575 | PA      | $4183825.32   | 0.18%             | 2032-10-10      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| BX 2026-RISE A V/R 04/15/28     | BX TRUST 2026-RISE SER 2026-RISE CL A V/R REGD 144A P/P 4.97000000                                   | CUSIP: 05595AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10000000 | PA      | $10012500.00  | 0.43%             | 2041-04-15      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 3.875% 02/15/43    | UNITED STATES TREASURY BOND 3.87500000                                                               | CUSIP: 912810TQ1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  76250000 | PA      | $67207226.56  | 2.88%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COMPEER FINANCIAL A V/R /PERP/  | COMPEER FINANCIAL ACA REGD V/R /PERP/ 144A P/P SER QIB 7.87500000                                    | CUSIP: 20453QAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7870000 | PA      | $7988052.52   | 0.34%             | 2175-02-15      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PROTECTIVE LIF 4.992% 01/12/27  | PROTECTIVE LIFE GLOBAL REGD 144A P/P 4.99200000                                                      | CUSIP: 74368CBX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4365000 | PA      | $4391933.88   | 0.19%             | 2027-01-12      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| ORGANON & CO/O 5.125% 04/30/31  | ORGANON & CO/ORGANON FOR REGD 144A P/P 5.12500000                                                    | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5247000 | PA      | $5213666.65   | 0.22%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| T/L BUCKEYE PARTNE 0% 09/26/32  | T/L BUCKEYE PARTNERS L P REGD 0.00000000                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    335241 | PA      | $336776.58    | 0.01%             | 2032-09-26      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| AHPT 2024-ATRM B V/R 11/10/24   | ATRIUM HOTEL PORTFOLIO TRUST 2024-ATRM SER 2024-ATRM CL B V/R REGD 144A P/P 6.09025000               | CUSIP: 04963XAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4750000 | PA      | $4818281.25   | 0.21%             | 2029-11-10      | Variable      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| F/C US 10YR NOTE (CBT)JUN26     | FUTURE CONTRACT ON           US 10YR NOTE (CBT)JUN26 0.00000000                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |      1500 | NC      | $165890625.00 | 7.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HARVEST MIDSTREA 7.5% 09/01/28  | HARVEST MIDSTREAM I LP REGD 144A P/P 7.50000000                                                      | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   2430000 | PA      | $2446011.27   | 0.10%             | 2028-09-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| OXFORD FIN LLC/ 7.75% 05/15/31  | OXFORD FIN LLC/CO-ISS II REGD 144A P/P 7.75000000                                                    | CUSIP: 69145LAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7395000 | PA      | $7358016.87   | 0.32%             | 2031-05-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| NIAPK 2019-1A A1 V/R 01/17/38   | NIAGARA PARK CLO LTD SER 2019-1A CL A1RR V/R REGD 144A P/P 5.02038000                                | CUSIP: 65357LAT2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5450000 | PA      | $5454721.88   | 0.23%             | 2038-01-17      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| CNH INDUSTRIAL  4.55% 04/10/28  | CNH INDUSTRIAL CAP LLC REGD 4.55000000                                                               | CUSIP: 12592BAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2273514.79   | 0.10%             | 2028-04-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINAN V/R 10/30/31  | CAPITAL ONE FINANCIAL CO REGD V/R SER . 7.62400000                                                   | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1799556.40   | 0.08%             | 2031-10-30      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW ZE 4.846% 02/07/28  | BANK OF NEW ZEALAND REGD 144A P/P 4.84600000                                                         | CUSIP: 06407EAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | NZ        |   3035000 | PA      | $3063049.53   | 0.13%             | 2028-02-07      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| SEACO 2020-1A  2.17% 03/18/30   | GLOBAL SC FINANCE VII SRL SER 2020-1A CL A REGD 144A P/P 2.17000000                                  | CUSIP: 37959PAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BB        |    703575 | PA      | $673929.19    | 0.03%             | 2040-10-17      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE SECU 5.25% 09/04/29  | BLACKSTONE SECURED LEND REGD 5.25000000                                                              | CUSIP: 09261XAM4<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   5690000 | PA      | $5609392.10   | 0.24%             | 2029-09-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BX 2026-OPTM A V/R 03/15/28     | BX TRUST 2026-OPTM SER 2026-OPTM CL A V/R REGD 144A P/P 4.85500000                                   | CUSIP: 05594XAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5420000 | PA      | $5406450.00   | 0.23%             | 2039-03-15      | Variable      | 4.86%                 | Yes           |                  2 | On Loan: No      |
| MCAF 2021-1A  2.815% 04/22/31   | MONROE CAPITAL ABS FUNDING 2021-1 LTD SER 2021-1A CL A2 REGD 144A P/P 2.81500000                     | CUSIP: 610331AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    440450 | PA      | $409379.86    | 0.02%             | 2031-04-22      | Fixed         | 2.81%                 | Yes           |                  2 | On Loan: No      |
| TMCL 2020-1A A 2.73% 05/21/29   | TEXTAINER MARINE CONTAINERS VII LTD SER 2020-1A CL A REGD 144A P/P 2.73000000                        | CUSIP: 88315LAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    670953 | PA      | $646755.45    | 0.03%             | 2045-08-21      | Fixed         | 2.73%                 | Yes           |                  2 | On Loan: No      |
| T/L TIDAL WASTE & 0% 10/24/31   | T/L TIDAL WASTE & RECYCLING    HOLDINGS LLC REGD TERM LOAN 0.00000000                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3696213 | PA      | $3698208.65   | 0.16%             | 2031-10-24      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE  4.179% 09/26/29  | GUARDIAN LIFE GLOB FUND REGD 144A P/P MTN 4.17900000                                                 | CUSIP: 40139LBJ1<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |   6815000 | PA      | $6755040.13   | 0.29%             | 2029-09-26      | Fixed         | 4.18%                 | Yes           |                  2 | On Loan: No      |
| BX 2026-CSMO A V/R 02/15/28     | BX COMMERCIAL MORTGAGE TRUST 2026-CSMO SER 2026-CSMO CL A V/R REGD 144A P/P 5.05471000               | CUSIP: 12433LAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10140000 | PA      | $10146337.50  | 0.44%             | 2043-02-15      | Variable      | 5.05%                 | Yes           |                  2 | On Loan: No      |
| NESTLE CAPITAL C 4.2% 03/18/31  | NESTLE CAPITAL CORP REGD 144A P/P 4.20000000                                                         | CUSIP: 64105MAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8185000 | PA      | $8112054.13   | 0.35%             | 2031-03-18      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| BLACKROCK TCP C 6.95% 05/30/29  | BLACKROCK TCP CAP CORP REGD 6.95000000                                                               | CUSIP: 09259EAC2<br>LEI: 549300JU1XG1HF56J989 | Long             | DBT              | CORP              | US        |   2172000 | PA      | $2147538.26   | 0.09%             | 2029-05-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CR 4.05% 09/05/28  | TOYOTA MOTOR CREDIT CORP REGD MTN 4.05000000                                                         | CUSIP: 89236TNR2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7350000 | PA      | $7331298.95   | 0.31%             | 2028-09-05      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ARES PBN FIN 6% 9/15/36         | ARES PBN FIN CO LLC REGD   144A 6.00000000                                                           | CUSIP: 04019VAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1469640 | PA      | $1381461.60   | 0.06%             | 2036-10-15      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| AMS-OSRAM AG 12.25% 03/30/29    | AMS-OSRAM AG REGD 144A P/P 12.25000000                                                               | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |   5575000 | PA      | $5952957.13   | 0.26%             | 2029-03-30      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| MERCEDES-BENZ F 4.25% 03/10/29  | MERCEDES-BENZ FIN NA REGD 144A P/P 4.25000000                                                        | CUSIP: 58769JBP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9630000 | PA      | $9563027.78   | 0.41%             | 2029-03-10      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 2.875% 08/15/45    | UNITED STATES TREASURY BOND 2.87500000                                                               | CUSIP: 912810RN0<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  43500000 | PA      | $31994589.74  | 1.37%             | 2045-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| T/L VERSANT MEDIA 0% 10/23/30   | T/L VERSANT MEDIA GROUP  INC   REGD TERM LOAN 0.00000000                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5120000 | PA      | $5125120.00   | 0.22%             | 2030-10-23      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER S V/R 03/14/28  | BANCO SANTANDER SA REGD V/R SER * 5.55200000                                                         | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   4600000 | PA      | $4638231.06   | 0.20%             | 2028-03-14      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL 4.6% 03/18/33  | NOVARTIS CAPITAL CORP REGD 4.60000000                                                                | CUSIP: 66989HBH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4265000 | PA      | $4235211.49   | 0.18%             | 2033-03-18      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHN 6.125% 01/23/31  | BLUE OWL TECHNOLOGY FINA REGD 6.12500000                                                             | CUSIP: 095924AC0<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   5145000 | PA      | $4953774.24   | 0.21%             | 2031-01-23      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR  8.5% 10/15/27  | ARBOR REALTY SR INC REGD 144A P/P SER QIB 8.50000000                                                 | CUSIP: 03881NAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6358000 | PA      | $6311295.40   | 0.27%             | 2027-10-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| SORT 2022-1A A 5.97% 02/15/27   | CF HIPPOLYTA ISSUER LLC SER 2022-1A CL A1 REGD 144A P/P 5.97000000                                   | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2323327 | PA      | $2309102.80   | 0.10%             | 2062-08-15      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER  5.49% 03/15/28  | AMERICAN TOWER TRUST I REGD 144A P/P 5.49000000                                                      | CUSIP: 03027WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3340000 | PA      | $3374412.02   | 0.14%             | 2028-03-15      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| HERTZ 2024-2A  5.48% 01/25/30   | HERTZ VEHICLE FINANCING III LLC SER 2024-2A CL A REGD 144A P/P 5.48000000                            | CUSIP: 42806MCL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8300000 | PA      | $8436495.99   | 0.36%             | 2031-01-27      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC V/R 06/04/31  | HSBC HOLDINGS PLC REGD V/R 2.84800000                                                                | CUSIP: 404280CH0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1140000 | PA      | $1055897.89   | 0.05%             | 2031-06-04      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| OXFORD LANE CAPITAL 5% 1/31/27  | OXFORD LANE CAPITAL CORP      /PREFERRED/ 0.00000000                                                 | CUSIP: 691543888<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    130800 | NS      | $3245802.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BFLD 2024-WRHS A V/R 08/15/26   | BFLD 2024-WRHS MORTGAGE TRUST SER 2024-WRHS CL A V/R REGD 144A P/P 5.14681000                        | CUSIP: 05555HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2818071 | PA      | $2819819.06   | 0.12%             | 2039-07-15      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| FAIRFAX INDIA HOLD 5% 02/26/28  | FAIRFAX INDIA HOLDINGS REGD 144A P/P 5.00000000                                                      | CUSIP: 303897AA0<br>LEI: 549300K2JHXU7AX7CV78 | Long             | DBT              | CORP              | CA        |   5725000 | PA      | $5581827.48   | 0.24%             | 2028-02-26      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BUNGE LTD FINANC 4.2% 09/17/29  | BUNGE LTD FINANCE CORP REGD 4.20000000                                                               | CUSIP: 120568BE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5480000 | PA      | $5431059.93   | 0.23%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL  4.721% 10/08/29  | ATHENE GLOBAL FUNDING REGD 144A P/P 4.72100000                                                       | CUSIP: 04685A4C2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   4040000 | PA      | $3983810.31   | 0.17%             | 2029-10-08      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2023-K753 0.1% 10/25/30   | FREDDIE MAC MULTIFAMILY STRUCTURED P SER 2023-K753 CL X2A REGD 144A P/P 0.10000000                   | CUSIP: 30333UAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        | 126469274 | PA      | $419055.94    | 0.02%             | 2060-11-25      | Variable      | 0.10%                 | Yes           |                  2 | On Loan: No      |
| QTSII 2026-1A 5.364% 01/05/31   | QTS ISSUER ABS II LLC SER 2026-1A CL A2 REGD 144A P/P 5.36400000                                     | CUSIP: 74690FAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5730000 | PA      | $5642306.93   | 0.24%             | 2056-01-05      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 1.375% 08/15/50    | UNITED STATES TREASURY BOND 1.37500000                                                               | CUSIP: 912810SP4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  54800000 | PA      | $26473109.51  | 1.14%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| NWSB 2023-1 A V/R 07/25/50      | NEWTEK SMALL BUSINESS LOAN TRUST 2023-1 SER 2023-1 CL A V/R REGD 144A P/P 6.25000000                 | CUSIP: 65254RAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1937932 | PA      | $1956299.17   | 0.08%             | 2050-07-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| STONEBRIAR ABF 8.125% 12/15/30  | STONEBRIAR ABF LLC REGD 144A P/P 8.12500000                                                          | CUSIP: 86177CAA7<br>LEI: 984500A76E25968C4F70 | Long             | DBT              | CORP              | US        |   7060000 | PA      | $7416113.46   | 0.32%             | 2030-12-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| T/L MIDCONTINENT 0% 08/17/26    | T/L MIDCONTINENT               COMMUNICATIONS REGD 0.00000000                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9348894 | PA      | $9308039.01   | 0.40%             | 2031-08-16      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| MCMML 2024-1A B V/R 07/23/36    | MONROE CAPITAL MML CLO XVI LTD SER 2024-1A CL B V/R REGD 144A P/P 5.76606000                         | CUSIP: 61034CAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4870000 | PA      | $4856595.81   | 0.21%             | 2036-07-23      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| ARES CAPITAL CO 2.15% 07/15/26  | ARES CAPITAL CORP REGD 2.15000000                                                                    | CUSIP: 04010LBA0<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |  11550000 | PA      | $11491842.75  | 0.49%             | 2026-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| T/L CHARTER COMMUN 0% 12/07/30  | T/L CHARTER COMMUNICATIONS     OPERATING LLC REGD 0.00000000                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5608283 | PA      | $5600487.34   | 0.24%             | 2030-12-07      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MU 5.07% 03/25/27  | NORTHWESTERN MUTUAL GLBL REGD 144A P/P 5.07000000                                                    | CUSIP: 66815L2R9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5090000 | PA      | $5137319.13   | 0.22%             | 2027-03-25      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| US T BILL ZCP 05/05/26          | UNITED STATES TREASURY BILL ZCP 0.00000000                                                           | CUSIP: 912797TL1<br>LEI: N/A                  | Long             | STIV             | UST               | US        |  12520000 | PA      | $12515055.30  | 0.54%             | 2026-05-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUST 4.125% 06/15/28  | ATLANTICA SUSTAIN INFRA REGD 144A P/P 4.12500000                                                     | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |   4405000 | PA      | $4302554.24   | 0.18%             | 2028-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2024-K757 0.1% 08/25/31   | FREMF 2024-K757 MORTGAGE TRUST SER 2024-K757 CL X2B REGD 144A P/P 0.10000000                         | CUSIP: 30339MAS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  25440000 | PA      | $105237.65    | 0.00%             | 2061-10-25      | Variable      | 0.10%                 | Yes           |                  2 | On Loan: No      |
| MACY'S RETAIL  7.375% 08/01/33  | MACY'S RETAIL HLDGS LLC REGD 144A P/P 7.37500000                                                     | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4145000 | PA      | $4317506.61   | 0.19%             | 2033-08-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2024-K757  V/R 08/25/31   | FREMF 2024-K757 MORTGAGE TRUST SER 2024-K757 CL D V/R REGD 144A P/P 0.00000000                       | CUSIP: 30339MAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6570000 | PA      | $4006621.21   | 0.17%             | 2031-08-25      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| T/L TEREX CORPO 0% 10/08/31     | T/L TEREX CORPORATION REGD 0.00000000                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3009657 | PA      | $3023772.29   | 0.13%             | 2031-10-08      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP 3.2% 09/26/26  | VOLKSWAGEN GROUP AMERICA REGD 144A P/P 3.20000000                                                    | CUSIP: 928668BB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9540000 | PA      | $9490270.27   | 0.41%             | 2026-09-26      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| T/L MPH ACQUISIT 0% 12/31/30    | T/L MPH ACQUISITION HOLDINGS   LLC REGD 0.00000000                                                   | CUSIP: 55328HAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    679925 | PA      | $678565.23    | 0.03%             | 2030-12-31      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB  5.9% 09/19/28  | COREBRIDGE GLOB FUNDING REGD 144A P/P 5.90000000                                                     | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3270229.11   | 0.14%             | 2028-09-19      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| T/L PRIORITY HOLDIN 0% 7/23/32  | T/L PRIORITY HOLDINGS LLC REGD 0.00000000                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9097994 | PA      | $8820504.89   | 0.38%             | 2032-07-23      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| FREMF 2024-K522  V/R 05/25/29   | FREMF 2024-K522 MORTGAGE TRUST SER 2024-K522 CL C V/R REGD 144A P/P 5.56799600                       | CUSIP: 30336LAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4675000 | PA      | $4267145.99   | 0.18%             | 2029-05-25      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| DOCTORS CO INTER 4.5% 01/18/32  | DOCTORS CO INTERINSURANC REGD 144A P/P 4.50000000                                                    | CUSIP: 256141AB8<br>LEI: MKYKR1GWDRIJRLI1S211 | Long             | DBT              | CORP              | US        |   4210000 | PA      | $3860731.50   | 0.17%             | 2032-01-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BOLT 2025-1CON 5.62% 08/18/36   | BHG OWNER LOAN TRUST SERIES 2025-1CON SER 2025-1CON CL C REGD 144A P/P 5.62000000                    | CUSIP: 08860KAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6820000 | PA      | $6847421.86   | 0.29%             | 2036-08-18      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| US BANCORP V/R /PERP/           | US BANCORP REGD V/R /PERP/ 3.70000000                                                                | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $6003699.91   | 0.26%             | 2175-01-15      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| VC 3 LS 2021 LP 4.75% 10/15/41  | VC 3 LS 2021 LP CLASS B 4.75000000                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-CBDO         | CORP              | US        |   2716794 | PA      | $2574857.35   | 0.11%             | 2041-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COMM 2025-SBX A V/R 08/10/28    | COMM 2025-SBX MORTGAGE TRUST SER 2025-SBX CL A V/R REGD 144A P/P 5.43220200                          | CUSIP: 20047UAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6550000 | PA      | $6535553.32   | 0.28%             | 2041-08-10      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| F/C US 10YR ULTRA FUT JUN26     | FUTURE CONTRACT ON           US 10YR ULTRA FUT JUN26 0.00000000                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |      1530 | NC      | $172674843.75 | 7.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE 4.875% 11/01/28/      | GLADSTONE INVESTMENT COR      /PREFERRED/ 0.00000000                                                 | CUSIP: 376546883<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |    132600 | NS      | $3202290.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OCT71 2024-1A BR V/R 04/18/37   | OCTAGON 71 LTD SER 2024-1A CL BR V/R REGD 144A P/P 5.72523000                                        | CUSIP: 67579CAS2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4487935.05   | 0.19%             | 2037-04-18      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CRE 5.125% 11/05/26  | FORD MOTOR CREDIT CO LLC REGD 5.12500000                                                             | CUSIP: 345397F81<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3930000 | PA      | $3940120.42   | 0.17%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REPS 2024-A A 5.91% 06/21/27    | REPUBLIC FINANCE ISSUANCE TRUST 2024-A SER 2024-A CL A REGD 144A P/P 5.91000000                      | CUSIP: 76041RAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7830000 | PA      | $7862616.65   | 0.34%             | 2032-08-20      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| RGA GLOBAL FUNDI 4.6% 11/25/30  | RGA GLOBAL FUNDING REGD 144A P/P 4.60000000                                                          | CUSIP: 76209PAK9<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   6075000 | PA      | $6030551.84   | 0.26%             | 2030-11-25      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| CGNT 2025-1A  6.646% 04/25/30   | COGENT IPV4 LLC SER 2025-1A CL A2 REGD 144A P/P 6.64600000                                           | CUSIP: 19240JAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7960000 | PA      | $8085960.63   | 0.35%             | 2055-04-25      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL  V/R 10/30/29  | TRUIST FINANCIAL CORP REGD V/R MTN 7.16100000                                                        | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1718682.07   | 0.07%             | 2029-10-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| TRINITY CAPITAL 4.25% 12/15/26  | TRINITY CAPITAL INC/MD REGD 4.25000000                                                               | CUSIP: 896442AH3<br>LEI: 549300YGT4SBRQYDVU48 | Long             | DBT              | CORP              | US        |   3165000 | PA      | $3112447.33   | 0.13%             | 2026-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PFSFC 2024-F A 4.75% 08/15/27   | PFS FINANCING CORP SER 2024-F CL A REGD 144A P/P 4.75000000                                          | CUSIP: 69335PFP5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10130000 | PA      | $10201557.31  | 0.44%             | 2029-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| T/L UNITED AIRL 0% 02/22/31     | T/L UNITED AIRLINES INC REGD 0.00000000                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4334112 | PA      | $4336842.03   | 0.19%             | 2031-02-22      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| ABDLF 2020-1A 3.199% 10/20/27   | ABPCI DIRECT LENDING FUND ABS I LTD SER 2020-1A CL A REGD 144A P/P 3.19900000                        | CUSIP: 00090TAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2588696 | PA      | $2356369.63   | 0.10%             | 2030-12-29      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| GA GLOBAL FUNDIN 4.4% 09/23/27  | GA GLOBAL FUNDING TRUST REGD 144A P/P 4.40000000                                                     | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   6260000 | PA      | $6225217.69   | 0.27%             | 2027-09-23      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| WESTERN-SOUTHER 4.25% 01/29/29  | WESTERN-SOUTHERN GLOBAL REGD 144A P/P 4.25000000                                                     | CUSIP: 95954A2D4<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |   6340000 | PA      | $6276514.03   | 0.27%             | 2029-01-29      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| COREWEAVE INC 9.25% 06/01/30    | COREWEAVE INC REGD 144A P/P 9.25000000                                                               | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   4195000 | PA      | $4247892.20   | 0.18%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CNH INDUSTRIAL C 5.5% 01/12/29  | CNH INDUSTRIAL CAP LLC REGD 5.50000000                                                               | CUSIP: 12592BAR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2505025.85   | 0.11%             | 2029-01-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNANTPARK FLO 6.75% 03/04/29  | PENNANTPARK FLOATING RAT REGD 6.75000000                                                             | CUSIP: 70806AAC0<br>LEI: 529900BH3IP6381K4L72 | Long             | DBT              | CORP              | US        |   5360000 | PA      | $5344622.64   | 0.23%             | 2029-03-04      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| T/L AADVANTAGE LO 0% 04/20/28   | T/L AADVANTAGE LOYALTY IP LTD. REGD 0.00000000                                                       | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |   8410450 | PA      | $8356707.72   | 0.36%             | 2028-04-20      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK  V/R 08/25/33  | FIFTH THIRD BANK INC REGD V/R 5.33200000                                                             | CUSIP: 200339EX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2920000 | PA      | $2932309.93   | 0.13%             | 2033-08-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| T/L JAZZ PHARM 0% 05/05/28      | T/L JAZZ PHARMACEUTICALS       PUBLIC LIMITED COMPANY         REGD /TERM LOAN 0.00000000             | CUSIP: G5080AAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |   1761578 | PA      | $1768677.38   | 0.08%             | 2028-05-05      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| T/L ROCKPOINT  00.00% 09/18/31  | T/L ROCKPOINT GAS STORAGE      PARTNERS LP 0.00000000                                                | CUSIP: 77381HAD1<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   9282500 | PA      | $9292803.58   | 0.40%             | 2031-09-18      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| BAHA 2024-MAR B V/R 12/10/29    | BAHA TRUST 2024-MAR SER 2024-MAR CL B V/R REGD 144A P/P 7.06941600                                   | CUSIP: 05493XAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6930000 | PA      | $7161870.18   | 0.31%             | 2041-12-10      | Variable      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| SKANDINAVISKA  5.375% 03/05/29  | SKANDINAVISKA ENSKILDA REGD 144A P/P 5.37500000                                                      | CUSIP: 830505BB8<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |   3070000 | PA      | $3143392.37   | 0.13%             | 2029-03-05      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 4.375 05/15/40     | UNITED STATES TREASURY BOND 4.37500000                                                               | CUSIP: 912810QH4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  16000000 | PA      | $15430000.00  | 0.66%             | 2040-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 4.25% 08/15/35     | UNITED STATES TREASURY NOTE 4.25000000                                                               | CUSIP: 91282CNT4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  58150000 | PA      | $57641187.50  | 2.47%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ADC 2023-1A A2 6% 08/15/28      | ALIGNED DATA CENTERS ISSUER LLC SER 2023-1A CL A2 REGD 144A P/P 6.00000000                           | CUSIP: 01627AAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3250000 | PA      | $3258243.95   | 0.14%             | 2048-08-17      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| COLO 2023-1A  5.116% 02/25/28   | DATABANK ISSUER SER 2023-1A CL A2 REGD 144A P/P 5.11600000                                           | CUSIP: 23802WAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3070000 | PA      | $3049559.02   | 0.13%             | 2053-02-25      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| LAFI 2018-1A A 5.956% 07/25/28  | LIAS ADMINISTRATION FEE ISSUER LLC SER 2018-1A CL A REGD 144A P/P 5.95600000                         | CUSIP: 53000LAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    373374 | PA      | $367440.04    | 0.02%             | 2048-07-25      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| MCIP 2022-1A B 5.15% 04/30/32   | MONROE CAPITAL INCOME PLUS ABS FUNDING LLC SER 2022-1A CL B REGD 144A P/P 5.15000000                 | CUSIP: 61033MAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1147845 | PA      | $1097715.34   | 0.05%             | 2032-04-30      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| FNH 2019-1 A V/R 12/10/31       | FNA 2019-1 LLC SER 2019-1 CL A V/R REGD 144A P/P 3.00000000                                          | CUSIP: 30312PAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    228060 | PA      | $228059.50    | 0.01%             | 2031-12-10      | Variable      | 3.00%                 | Yes           |                  3 | On Loan: No      |
| EAGLE POINT 5.375% 01/31/29     | EAGLE POINT CREDIT CO         /PREFERRED/ 0.00000000                                                 | CUSIP: 269809885<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    178600 | NS      | $4291758.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC LIFE GF 4.45% 05/01/28  | PACIFIC LIFE GF II REGD 144A P/P 4.45000000                                                          | CUSIP: 69448TAC5<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   7725000 | PA      | $7741372.83   | 0.33%             | 2028-05-01      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL TECHNOL 6.1% 03/15/28  | BLUE OWL TECHNOLOGY FINA REGD SER WI 6.10000000                                                      | CUSIP: 095924AB2<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   2585000 | PA      | $2574320.93   | 0.11%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUS 6.599% 01/15/28  | SBA TOWER TRUST REGD 144A P/P 6.59900000                                                             | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2031307.80   | 0.09%             | 2028-01-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| UNIVERSAL INSU 5.625% 11/30/26  | UNIVERSAL INSURANCE HLDS REGD SER WI 5.62500000                                                      | CUSIP: 91359VAC1<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | DBT              | CORP              | US        |   9280000 | PA      | $9206001.93   | 0.40%             | 2026-11-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SEACO 2020-2A  2.26% 03/17/30   | GLOBAL SC FINANCE VII SRL SER 2020-2A CL A REGD 144A P/P 2.26000000                                  | CUSIP: 37959PAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BB        |    684048 | PA      | $655120.11    | 0.03%             | 2040-11-19      | Fixed         | 2.26%                 | Yes           |                  2 | On Loan: No      |
| PCY 2026-FCMT A V/R 04/05/31    | PCY TRUST 2026-FCMT SER 2026-FCMT CL A V/R REGD 144A P/P 5.15326000                                  | CUSIP: 704929AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4520000 | PA      | $4539690.93   | 0.19%             | 2041-04-05      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AM 5% 04/07/31  | HYUNDAI CAPITAL AMERICA REGD 144A P/P MTN 5.00000000                                                 | CUSIP: 44891AEL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2905000 | PA      | $2912688.14   | 0.12%             | 2031-04-07      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PROV ST JOSEPH 5.403% 10/01/33  | PROV ST JOSEPH HLTH OBL REGD 5.40300000                                                              | CUSIP: 743820AC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1104046.18   | 0.05%             | 2033-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| WILLIAM CARTER 7.375% 02/15/31  | WILLIAM CARTER REGD 144A P/P 7.37500000                                                              | CUSIP: 96926JAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4555000 | PA      | $4682358.76   | 0.20%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** BBH Trust

**Signature:** Declan Coyne

**Name of Signer:** Declan Coyne

**Title:** Treasurer